Skip to main content

14- and 9-Year-Old Brother and Sister Duo Rake in $30K a Month Mining Crypto With Renewable Energy

14- and 9-Year-Old Brother and Sister Duo Rake in $30K a Month Mining Crypto With Renewable Energy

The beauty behind cryptocurrency networks like Bitcoin is the fact that anyone can participate in the field of crypto mining. In fact, two siblings explained in a recent interview that they rake in more than $30K per month mining digital assets.

Kid Duo Captures $30K a Month Mining Digital Currencies

A 14- and 9-year-old brother and sister pair have made headlines in recent times for explaining how they make over $30,000 a month mining crypto assets. The 9-year-old Aanya Thakur and her brother 14-year-old Ishaan mined three types of digital currencies this summer because they “wanted to learn something new about technology – and also make some money along the way.” The two appeared in a CNBC report published by the reporter Taylor Locke and the CNBC broadcast “Make It.”

According to the Thakur siblings, the duo mines bitcoin (BTC), ethereum (ETH) and ravencoin (RVN). Youtube videos taught Ishaan how to convert his Alienware computer into a mining rig and at first, the siblings mined ethereum to start. “Crypto mining is just like mining for gold or diamonds,” Ishaan explained in his interview. “Instead of using shovels, you mine with computers. Instead of finding a piece of gold or a diamond in the mine, you find a cryptocurrency,” he added.

Ishaan and Aanya liked mining so much with the help of their dad they started a mining firm called Flifer Technologies. “We liked it so much that we started to add more processors [or chips], and made $1,000 in our first month,” Ishaan remarked. At the end of July, the duo was able to purchase other equipment like SHA256 capable ASIC Antminers, alongside Nvidia RTX 3080-Ti GPUs. Ishaan stressed:

We can process a little over 10 billion Ethereum algorithms per second.

Siblings Operation Leverages 100% Renewable Energy

The duo’s father Raj did help get the team going and took out a loan for the brother and sister team to expand. The report by Taylor Locke details that Raj would not disclose the size of the loan. The story about the Thakur siblings follows the tale about the 12-year-old “Weird Whales” NFT creator that made a few hundred thousand dollars in ether selling his NFT collection.

There’s been a number of young people that have stepped into the world of cryptocurrencies at a young age. In 2018, a 15-year-old security researcher shared a Ledger hardware wallet exploit he found. The same year, a 14-year-old developer built an uncensorable voting platform. The brother and sister from Texas who started Flifer Technologies explained during their interview that when they mine crypto they use “100% renewable energy.”

“We moved from my desk to the garage, since the house was getting too much heat and noise,” the Thakur siblings said. “[W]e outgrew the garage, since heat and noise [were] too much for the garage too. We now use the garage only for building and testing mining rigs. When they are ready, we move them to a professional, air-conditioned data center in downtown Dallas.”

What do you think about the 14- and 9-year-old brother and sister duo who decided to start their own mining business? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/39H171R

Comments

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought