Cobo CEO Shenyu Recalls ZEC Mining Misfortune on Launch Night in 2016

Cobo CEO Shenyu Recalls ZEC Mining Misfortune on Launch Night in 2016

N
News Editor
2026-09-08 15:17:21
Cobo co-founder and CEO Shenyu shared a personal recollection about Zcash, revealing that on the night ZEC's mainnet launched in 2016, BitMEX had set a price cap at 10 BTC — a level that became ZEC's all-time high. Shortly after he began mining, a lightning strike knocked out the transformer at his GPU mining farm. He has never held ZEC in his personal wallet since.

Cobo co-founder and CEO Shenyu said in a recent post that he carries a lasting shadow when it comes to ZEC.

When ZEC's mainnet went live in 2016, BitMEX set the token's price ceiling at 10 BTC — a figure that still stands as ZEC's all-time high. Shenyu recounted that on launch night, not long after mining operations kicked off, a lightning strike destroyed the transformer powering his GPU mining farm. Since that incident, ZEC has never appeared in his personal wallet again.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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