Ishaan Thakur (14 years old) and Aanya Thakur (9 years old) earn $30,000 each monthly mining bitcoin. This lucrative business is also growing during summer.
Ishaan Thakur, a 14-year-old, and Aanya Thakur, a 9-year old, have been working for the past few months to set up a profitable mining operation. The idea of a single computer on a desk in a small room has evolved into a whole business. It now has a home in a downtown Dallas data center that is rented and air-conditioned. The two brothers earn more than $30,000 each month mining bitcoin and two other cryptocurrency.
We started because it was a way to learn more about technology and make money. “We could have spent the whole summer playing video games. But instead, we used our spare time learning about technology.
Both siblings began with curiosity. Ishaan began watching YouTube videos and scraping the web for information on mining and related technologies. He then dived into the technicalities of setting up successive mining businesses.
Flifer Technologies was founded by Manish Raj, their father. He borrowed money to buy the equipment. Now, the company has Antminers in a Dallas-based, rented, and air-conditioned data centre. It was specifically built for mining operations. Raj said CNBC that they anticipate making around $36,000 in September, with all the equipment still to arrive.
Because they want to be eco-friendly, the siblings stated that they use 100% renewable energy in their mining. Ishaan stated that their total electric bill for both their home as well as the data center is just under $3,000
We moved from our desk to the garage because the noise and heat in the house made it too noisy. We outgrew the garage because heat and noise were too much for it,’ Ishaan said CNBC. The garage is now used for testing and building mining rigs. We move them when they are finished to an air-conditioned, professional data center in downtown Dallas.
Aanya and Ishaan said that they intend to reinvest the majority of the profits back into the company. However, they also hope that the mining operations will help them pay for college. Both siblings plan to go to Medical School. Ishaan plans to attend the University of Pennsylvania while Aanya would like to go to New York University.