The state of Texas is endowed with numerous virtues. In Frisco, Texas, two Indian-American siblings have presented a golden opportunity for cryptocurrency and business.
The lone star state has many qualities the two Indian-American siblings in Frisco, Texas have presented a golden opportunity for cryptocurrency and business. Ishaan and Aanya Thakur, 14 and 9 have been getting over $30,000 a month by mining cryptocurrency. They achieved all this by learning from YouTube videos and updating their equipment from their earnings and a loan taken by their father, Manish Raj.
“Crypto mining is just like mining for gold or diamonds,” Ishaan told CNBC make it. “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.” The siblings said they selected mining as they were interested in learning something new about technology and make some money with the help of this. “We could have spent the entire summer playing video games, but instead we used our spare time to learn about technology,” Ishaan said.
The Thakur kids make over $30,000 every month by mining three digital coins: Bitcoin, the largest cryptocurrency by market value; ether, the second-largest; and ravencoin, an altcoin, CNBC Make it quotes Ishaan as saying. Ishaan and his sister learned instruction videos on YouTube and other platforms. Ishaan transformed his Alienware an infamous gaming computer into an ether mining rig. Mining is not cheap. It needs to be a developed technology such as processors and graphics cards. Each card costs around $3,000. The lack computer chips around the world has resulted with an increase in price.
The electricity bill increases up to almost $3,000 a month as well. This made the father of the children to take a loan. Ishaan and Aanya use renewable energy most of the time. “We now use the garage (at home) only for building and testing mining rigs. When they are ready, we move them to a professional, air-conditioned data center in downtown Dallas,” Ishaan said. Ishaan Aanya want to study medicine but at the present it’s processors over pulse rates.