{"id":469376,"date":"2021-08-16T23:00:34","date_gmt":"2021-08-16T23:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=469376"},"modified":"2021-08-16T19:47:08","modified_gmt":"2021-08-16T19:47:08","slug":"siblings-make-32000-with-ethereum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/siblings-make-32000-with-ethereum\/","title":{"rendered":"Meet The 9 And 14-Year-Old Sibling Duo Making $32,000 A Month With Ethereum"},"content":{"rendered":"

According to a report<\/a> from Dallas News, this sibling duo has been bringing in thousands of dollars mining Ethereum. While most kids are playing with their computers, siblings Ishaan and Aanya Thakur are making money with theirs. The bother-sister duo currently makes $32,000 a month from their Ethereum mining operation which they started in their garage.<\/p>\n

The pair had gotten interested in cryptocurrencies after their father had told them about Bitcoin. At the time, the siblings were interested in buying the cryptocurrency, but because the price had grown so much, they opted for mining. But mining for bitcoin had become an oversaturated market, they found. Hence, they opted for the second-largest cryptocurrency by market cap; Ethereum.<\/p>\n

Related Reading |\u00a0Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market<\/a><\/strong><\/em><\/p>\n

They had started by mining Ethereum using an old gaming laptop that they had. And in the first month of mining, they had made $1,000 from their small operation. This motivated the pair to take their activities to the next level, given the profits they had acquired using just an old gaming laptop. Crypto mining requires chips to mine and this is where the siblings ran into their first problem.<\/p>\n

COVID-Induced Chip Shortage<\/h2>\n

Siblings Ishaan and Aanya wanted to expand their mining operations, but due to the pandemic, there has been a chip shortage. Manufacturers had not been able to keep up with demand due to countries going into lockdown and people not being able to go to work. So getting a chip required for mining has become harder than ever. The duo had two options; buy chips from resellers online at a marked-up price or wait for chips to become available. They chose the latter.<\/p>\n

Related Reading |\u00a0Why A Shocking Altcoin Season Could Be On The Horizon<\/a><\/strong><\/em><\/p>\n

9-year-old Aanya and 14-year-old Ishaan signed up for supply updates from retailers like Best Buy and Micro Center. When chips and hardware needed for their mining operations were available, they would get alerted by email. And the siblings would line up outside the retailers before they opened the next day to be able to get the parts.<\/p>\n

This strategy has proven to be profitable for them as the duo has been able to expand their mining operations beyond their home garage. Their rigs were generating too much heat to stay in their home garage and so now they have an air-conditioned data center in downtown Dallas where they keep most of their mining rigs. While they still keep about 30 cards in their garage.<\/p>\n

Expanding The College Fund With Ethereum<\/h2>\n

The siblings save most of their returns from mining. But they have had to sell some portions of their crypto in order to pay for things like electricity and parts to expand their mining operation. Profits from the mining operation, Ishaan explained, go to their college fund. Both siblings have dreams of becoming doctors and want to go to the University of Pennsylvania, in the case of Ishaan, and the University of New York, in the case of Aanya. And they are hoping mining Ethereum will help them fulfill their dreams of going to college.<\/p>\n

Related Reading |\u00a0Ethereum Fee Burns Clocks $100 Million, Here\u2019s Why The Burn Is Important<\/a><\/strong><\/em><\/p>\n

As for the cost of electricity, their returns far outweigh the power bill they get for mining. For the previous month, they had to pay a total of $2,500 – $850 for their home electric bill and $1,650 for their data center electric bill. This might be a high power bill, but it pales in comparison to the $32,000 that the siblings are bringing in for their mining operation.<\/p>\n

Their current setup consists of 14 rigs, which have 82 processors used to mine Ethereum. Then five rigs with 12 processors which the siblings used to mine Ravencoin<\/a> because these processors are not powerful enough to mine Ethereum. The siblings plan to grow Flifer Technologies, which is the name of their company and have currently ordered four additional mining rigs from China with built-in processors.<\/p>\n

\"Ethereum<\/p>\n

Ethereum price continues to trend above $3,000 | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Featured image from Dallas News, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
According to a report from Dallas News, this sibling duo has been bringing in thousands of dollars mining Ethereum. While most kids are playing with their computers, siblings Ishaan and Aanya Thakur are making money with theirs. The bother-sister duo currently makes $32,000 a month from their Ethereum mining operation which they started in their garage. The pair had gotten interested in cryptocurrencies after their father had told them about Bitcoin. At the time, the siblings were interested in buying the cryptocurrency, but because the price had grown so much, they opted for mining. But mining for bitcoin had become an oversaturated market, they found. Hence, they opted for the second-largest cryptocurrency by market cap; Ethereum. Related Reading |\u00a0Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market They had started by mining Ethereum using an old gaming laptop that they had. And in the first month of mining, they had made $1,000 from their small operation. This motivated the pair to take their activities to the next level, given the profits they had acquired using just an old gaming laptop. Crypto mining requires chips to mine and this is where the siblings ran into their first problem. COVID-Induced Chip Shortage Siblings Ishaan and Aanya wanted to expand their mining operations, but due to the pandemic, there has been a chip shortage. Manufacturers had not been able to keep up with demand due to countries going into lockdown and people not being able to go to work. So getting a chip required for mining has become harder than ever. The duo had two options; buy chips from resellers online at a marked-up price or wait for chips to become available. They chose the latter. Related Reading |\u00a0Why A Shocking Altcoin Season Could Be On The Horizon 9-year-old Aanya and 14-year-old Ishaan signed up for supply updates from retailers like Best Buy and Micro Center. When chips and hardware needed for their mining operations were available, they would get alerted by email. And the siblings would line up outside the retailers before they opened the next day to be able to get the parts. This strategy has proven to be profitable for them as the duo has been able to expand their mining operations beyond their home garage. Their rigs were generating too much heat to stay in their home garage and so now they have an air-conditioned data center in downtown Dallas where they keep most of their mining rigs. While they still keep about 30 cards in their garage. Expanding The College Fund With Ethereum The siblings save most of their returns from mining. But they have had to sell some portions of their crypto in order to pay for things like electricity and parts to expand their mining operation. Profits from the mining operation, Ishaan explained, go to their college fund. Both siblings have dreams of becoming doctors and want to go to the University of Pennsylvania, in the case of Ishaan, and the University of New York, in the case of Aanya. And they are hoping mining Ethereum will help them fulfill their dreams of going to college. Related Reading |\u00a0Ethereum Fee Burns Clocks $100 Million, Here\u2019s Why The Burn Is Important As for the cost of electricity, their returns far outweigh the power bill they get for mining. For the previous month, they had to pay a total of $2,500 – $850 for their home electric bill and $1,650 for their data center electric bill. This might be a high power bill, but it pales in comparison to the $32,000 that the siblings are bringing in for their mining operation. Their current setup consists of 14 rigs, which have 82 processors used to mine Ethereum. Then five rigs with 12 processors which the siblings used to mine Ravencoin because these processors are not powerful enough to mine Ethereum. The siblings plan to grow Flifer Technologies, which is the name of their company and have currently ordered four additional mining rigs from China with built-in processors. Ethereum price continues to trend above $3,000 | Source: ETHUSD on TradingView.com Featured image from Dallas News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":469377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8202,8686,78803,2990],"class_list":["post-469376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-mining","tag-ethusd","tag-ethusdt","tag-mining"],"acf":[],"yoast_head":"\nMeet The 9 And 14-Year-Old Sibling Duo Making $32,000 A Month With Ethereum<\/title>\n<meta name=\"description\" content=\"According to a report from Dallas News, this sibling duo has been bringing in thousands of dollars mining Ethereum. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Meet The 9 And 14-Year-Old Sibling Duo Making $32,000 A Month With Ethereum","url":"http:\/\/uniquehot.com\/news\/ethereum\/siblings-make-32000-with-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/siblings-make-32000-with-ethereum\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/siblings.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/siblings.jpeg?fit=1660%2C934"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethereum mining","ethusd","ethusdt","mining"],"dateCreated":"2021-08-16T23:00:34Z","datePublished":"2021-08-16T23:00:34Z","dateModified":"2021-08-16T23:00:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Meet The 9 And 14-Year-Old Sibling Duo Making $32,000 A Month With Ethereum\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/siblings-make-32000-with-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/siblings-make-32000-with-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/siblings.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/siblings.jpeg?fit=1660%2C934\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethereum mining\",\"ethusd\",\"ethusdt\",\"mining\"],\"dateCreated\":\"2021-08-16T23:00:34Z\",\"datePublished\":\"2021-08-16T23:00:34Z\",\"dateModified\":\"2021-08-16T23:00:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/08\/siblings.jpeg?fit=1660%2C934","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/469376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=469376"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/469376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/469377"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=469376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=469376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=469376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}