Connect with us

CryptoCurrency

Texas Siblings, 14- and 9-year-old, Earning Over $30,000 a Month Through Cryptocurrency Mining

Published

on

Two siblings, Ishaan Thakur and his sister Aanya, aged 14 and 9 years respectively, residents in Forbes, Texas, are making over $ 30,000 each month by mining cryptocurrency through digital coins; Bitcoin, Ether, Raven coin, and Altcoin amid other top 100.

During an interview by CNBC, Ishaan said that they started the business because they wanted to learn something new about technology. Also, not only establish the cryptocurrency business but also earn money.

According to Ishaan and Aanya, they started their cryptocurrency business during their summer holiday with the help of their parents. After watching  Youtube videos and doing internet research, Ishaan converted his Alienware (gaming computer) into an ether mining rig. He used graphic cards that have a high volume of calculation of mining.  The siblings used ether mining rig since its less surging demand and more supply compared to bitcoin. On April 30th, they were able to register their company under the name Flifer Technologies with the help of their father.

For their first day, they made only 3 dollars. But, after one month and adding more mining processors, they made $1000. The income continued to increase, and by late July, they could afford to buy equipment like Antiminers and Nvidia RTX 3080-Ti graphics cards to start mining with bitcoin and raven coin. However, the mining equipment is expensive and very complicated. For example, Nvidia RTX 3090 graphics and each card can cost around 2,500 and 3,000 dollars. Also, it requires a lot of energy and computer power. Although, according to Ishaan, the power energy at home is 100% renewable. They use around $3,000 in an electric bill per month plus the data center they have rented in Dallas.

By now, the siblings have 96 processors that can process over 10 billion Ethereum algorithms per second. Moreover, with the currently ordered new equipment by their father. They expect September they will earn around $36,000 per month.

The siblings’ vision is to expand their business with the profit gained. Also, hopefully, the profit from the mining business can be able to pay their college school fees. Ishaan wants to attend Pennsylvania University, study medicine and became a doctor. As for Aanya, she also wants to become a doctor but attend New York University. However, with more years remaining, they can still achieve their dream. Ishaan is in elementary school, and Aanya is just a fourth grader in elementary school.

Editorial team Account! Bringing you entrepreneurial stories. Flourishive views the world through the eyes of entrepreneurship—ambition, ​empathy, the ​grind. Be inspired by articles curated by Flourishive Contributors.

Trending

Copyright © 2021 The Flourishive


The Flourishive Magazine tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience.