It seems that cryptocurrency has well and truly seeped into the mainstream. What was once considered as a passing trend is now being looked upon as a legitimate business? This comes especially true for two teenagers that have managed to rack a cool six-figure payout mining cryptocurrency.
Ishaan Thakur, 14, and his sister Aanya, 9 made $3 on their first day of mining which was enough for them to pursue this more seriously. In the span of just six months, this has turned into a lucrative business which they have named Flifer Technologies.
The siblings are based in Texas and have enough computing power to process 15 to 16 billion ether algorithms per second. This becomes even more impressive when you take into account that the siblings watched videos on youtube to gain more knowledge on cryptocurrency. Their thirst to gain more knowledge along mining led to them watching videos, reading books, and getting enough money to build their gear.
The gear for the uninitiated is a complex piece of tech that must compete to solve complex puzzles in order to validate cryptocurrency transactions. This is not only taxing on the mind but also on the pocket and can cost upwards of thousands of dollars.
To put this into perspective, the siblings have a small army of processors to the tune of 200 which were bought by their father, Manish Raj. Raj an investment banker had to take a bank loan to be able to support their endeavor into the world of cryptocurrency. This came at a hefty price due to the shortage of microchips which meant that the mining rig was even more expensive than usual.
The rig also comes with 100 Nvidia RTX 3090 graphics cards which can cost anywhere between $2,500 to $3,000 each. While Ishan had built the rig to be run from their garage, this has since expanded and been relocated to a data center in Dallas, Texas. The data center comes with its own set of costs and requires $5,000 worth of electricity to run. The siblings are required to fork out an additional $4,000 to pay for the data technicians at the data center should anything go wrong.
The siblings are not content with just the mining aspects of cryptocurrency. They have their sights set on a bigger project which involves pumping out their own coin aptly titled Flifercoin. In order to make this coin, the siblings have had to hire more developers and even an attorney to ensure their coin is released later this year. The siblings are just another success story involving cryptocurrency. More and more industries are warming up to the idea of using cryptos as means of payment.
Experts at cricketbettingwali.in are convinced that crypto will become an important part of the cricket betting world as well. Many bookmakers already offer punters the ability to deposit and withdraw using coins such as Bitcoin, Ethereum, and Ripple. The advantages of using crypto to deposit and withdraw their winnings are immense. The transactions are done with little to no fee and get processed immediately. The best bit is the anonymity associated with the transactions themselves along with the security that comes with each transaction.
With the price of bitcoin touching upwards of $68,000 at the time of writing this article, there is no doubt that the world will see many new faces popping up in the world of crypto. Siblings such as Ishan and Aanya give hope to budding entrepreneurs that there is a completely new industry they can be a part of. You can now choose from many professions including doctors, lawyers, and now crypto miners as well.
