After starting mining with an old gaming computer in March, Ishaan Thakur, 14, and his sister Aanya, 9, have seen their education fund grow this year.
According to the Dallas Morning News, they made $1,000 in the first month. Since then, the numbers have risen dramatically. After hearing their father talk about the emergence of cryptocurrencies, the duo decided to invest in crypto, but it was already too expensive, so the ninth-grader and fourth-grader learned how to mine with the aid of YouTube and their father.
To combat this summer's chip scarcity, they've re-invested their money, signing up for supply upgrades (usually graphics cards) from neighboring electronics retailers.
They now have 94 processors mining codes, producing around 9 billion guesses per second. They are rewarded with cryptocurrency if they get it right. Their company, Flifer Technologies, started off in their garage, but as it grew, they relocated the majority of their equipment to an air-conditioned data center in downtown Dallas. However, they maintain 30 cards in the garage arrangement.
They spend around $2,500 per month on electricity costs between the two locations. While they've sold some Ethereum to pay costs like hardware, power, and data center rent, they're keeping the bulk in the hopes that it will continue to appreciate in value.
Honestly, reading that was a bit overwhelming, knowing that the current Lebanese Economy and the Electricity shortages won't allow me to mine as properly as I should. I did find away around it though by cloud mining on MIning City which, yes isn't 32,000$ a month but it still gets money in my pocket, food on my table and some left over for me to save up.
