These 14- and 9-year-old siblings earn over $30,000 a month mining cryptocurrency (via CNBCMakeIt)
To do this, Ishaan and Aanya, who are based in Frisco, Texas, had to learn how to mine, which is no simple feat. When mining to earn cryptocurrencies like bitcoin and ether, complex computers are programmed to compete to solve difficult puzzles in order to validate transactions.
His parents were supportive: "We could have spent the entire summer playing video games, but instead we used our spare time to learn about technology," Ishaan says.Courtesy of Manish Raj The siblings' income continued to rise, and by late July, they could afford to buy equipment, like Antminers and Nvidia RTX 3080-Ti graphics cards, to start mining bitcoin and ravencoin, too. When deciding which to mine, they chose ravencoin because the equipment they had was "optimal" for mining it, Raj says.
Ishaan and Aanya, for example, have over 97 processors, which their father Raj, a former investment banker, helped fund by taking out a loan. Though at home, the siblings says they use "100% renewable energy for our mining," because "we want to be environmentally friendly," they also rent a data center in Dallas, Texas. In total, for both their home and the data center, the electric bill costs just below $3,000 per month, Ishaan says.
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