Topic: They’re 14 and 9 years old—and making $32,000 a month thanks to Ethereum (Read 247 times)

surprised. at such a young age they started such a good business and are earning such a huge amount through crypto. I really liked their strategy. Ishaan and Aanya reinvested their profit which increased profit and today earning $32000 a month.

Sorry, but I will add a little bit of bitter to this story of success.

I was never in mining, but can someone explain how to earn $1000 in a month mining Ethereum, using old gaming PC ? According to https://www.cryptocompare.com/mining/calculator/eth?, they need to have around 500Mh/s to be able to earn $1k in one month. Is single PC able to produce that? I went to https://2cryptocalc.com/, selected 1Qty of NVidia 3090 (I'm not a pro, but greater model number means powerful model imo), and it showed that I would get around $9 for a daily mining. But to be able to get $1k, I need to get $34 per day. That means I need 4 NVidia 3090. According to google, one NVidia 3090 cost $1.5k. A pc with $6k worth GPU does not look like and "old gaming computer" to me.

I was also surprised by this moment, how was it possible to mine such an amount on a pc? The article is written very interesting, but I hardly believe in the whole story. Perhaps there the father is engaged in mining on an industrial scale and the children are just to make the story seem more interesting.

Read the article carefully, it mentioned how many hardware they have, and it's probably enough to have such income, besides they have open/registered a business for this to br legally taxed.

It's over exaggeration or probably we aren't been told about every details of the story, they can't make 1000$ from an old gaming pc every month, that's impossible not even a rtx3090 can give you that much in a month since it only do 120MH max, there is more to this story lol

That's a well-funded and have good mindset kids to start mining/business, good thing they have a father that is into crypto and has funds to build a mining setup for them to start.

While me, probably, still be playing computer games on that age instead of doing money-making stuff.

That was inspiring Stories! His father was good too by talking the rise of crypto to their child and the child itself was really amazing, I mean on that phase some child it's just playing or anything but this two really doing some amazing stuff, Beside that by expanding it and creating their own brand/corporate Flifer Technologies making it more hard to believe for a child their age. Even though it's little bit hard to believe or the the story is exaggerated Thanks for sharing this mate!

I thought it was never true not until I come across the news on the two young ones at their early stage arriving at maximum results in etherum mining businesses. Nothing is possible, only if we can take off the limitations.
Ishaan and Aanya from Dallas will surprise you with their story so farm on crypto.

I thought it was never true not until I come across the news on the two young ones at their early stage arriving at maximum results in etherum mining businesses. Nothing is possible, only if we can take off the limitations.
Ishaan and Aanya from Dallas will surprise you with their story so farm on crypto.
~

It's over exaggeration or probably we aren't been told about every details of the story, they can't make 1000$ from an old gaming pc every month, that's impossible not even a rtx3090 can give you that much in a month since it only do 120MH max, there is more to this story lol

That's a well-funded and have good mindset kids to start mining/business, good thing they have a father that is into crypto and has funds to build a mining setup for them to start.

While me, probably, still be playing computer games on that age instead of doing money-making stuff.

That's a well-funded and have good mindset kids to start mining/business, good thing they have a father that is into crypto and has funds to build a mining setup for them to start.

While me, probably, still be playing computer games on that age instead of doing money-making stuff.

An enterprising brother-sister team in a North Dallas suburb are pulling down as much as $32,000 a month by eschewing the lemonade stand and focusing instead on mining Ethereum.

Ishaan Thakur, 14, and his sister Aanya, 9, have seen their college fund swell this year after they began mining in March with an old gaming computer.

That first month, they made $1,000, reports the Dallas Morning News. The numbers have soared since then.

With interest spurred after hearing their father talk about the rise of cryptocurrencies, the pair initially wanted to invest in crypto, but it was already too expensive, so with the help of YouTube and their father, the ninth-grader and fourth-grader learned how to mine. They’ve reinvested their earnings to buy additional equipment, signing up for supply updates (generally graphics cards) from nearby electronics stores to fight this summer’s chip shortage.

They currently have 94 processors mining—making about 9 billion guesses per second at codes. When they get it right, they’re rewarded with crypto.

Their business, which they named Flifer Technologies, was initially housed in their garage, but as it has grown, they moved most of their rigs to an air-conditioned data center in downtown Dallas. They keep 30 cards in the garage setup, however.

Between the two locations, they spend about $2,500 a month on energy bills. While they’ve sold some Ethereum to cover expenses like the hardware, power bill, and rent at the data center, they’re hanging onto the majority of it, hoping it continues to grow in value.

Ethereum has been on a tear this year, increasing in value by 334% since the start of the year, according to CoinDesk.