Listen to the AMA of the Shenyu community: After more than a decade of ups and downs in the industry, do not challenge human nature.

The social platform AAAny has been gaining popularity in the encryption industry. Today, Shen Yu also registered on the new social platform AAAny and interacted with netizens on the platform to answer their questions. BlockBeats has compiled the following Q&A.

BlockBeats Note: AAAny platform was developed by Wang Hanyang, the author of "Who is Creating Binance: A Borderless Company in 4,000 Resumes". The platform provides social interaction in the form of Q&A, and anyone can ask questions on any user's profile, that is, Ask Anyone Anything.

I am Shen Yu, who accidentally entered the Crypto industry in 2011. I have traded coins, blown up warehouses, mined, made chips, bankrupted several companies, and am currently struggling in the front line, operating two companies, F2Pool and Cobo. Let's AAA.

Question: What is the purpose of this product?

神鱼: F2Pool, as a classic PoW mining pool, provides miners with sophisticated software services. Through network connections, mining machines can connect to the mining pool, and the mining pool can synchronize block data and unpacked transaction information from the full node blockchain network. This information is used to build tasks and quickly allocate them to each mining machine for execution. Once a mining machine finds a value that meets the difficulty requirements, the mining pool broadcasts the corresponding block generated to the entire network. The distribution of rewards for mined blocks is based on specific allocation algorithms to ensure the profits of all mining machines. After 10 years of accumulation, F2Pool has successfully mined over 1.5 million bitcoins.

Cobo provides professional and diverse private key security storage services for institutional users, including centralized HSM, co-signed MPC, and on-chain multi-signature, and has designed detailed and comprehensive risk control strategies that comply with internal enterprise workflows.

Question: How do you pick yourself up and keep going after each business failure?

神鱼: Rest for a few months, play games, read books, and if you're really bored, just keep looking for things to do.

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