They are 9 and 14 and earn $ 30,000 in mining cryptocurrencies – News

Ishaan Thakur, 14, and his sister Aanya, 9, have founded a startup around cryptocurrencies with which they earn $ 30,000 per month.

What they do is mine virtual money. As explained by the former CNBC, “It’s like digging for gold or diamonds, but instead of using shovels or excavators, you use computers” and what you get is not minerals but cryptocurrencies .

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“We started experimenting because we wanted to learn something new about the technology and, incidentally, make some money,” the boy said.

Therefore, during the winter vacation, they had to investigate. “We could have spent the whole summer playing video games, but instead we used our free time to learn more about the technology,” they commented.

In this way, they manage three types of crypto: Bitcoin, the most valuable in the market; Ether, the second largest, and Ravencoin, a type of alternative cryptocurrency.

Within months, they went from a small room in the Texas town of Frisco to an air-conditioned, rented data center in downtown Dallas, Texas.

The youth’s family joined in their children’s new business, and the father helped them start their own cryptocurrency cultivation business, called Flifer Technologies.

While Ishaan and Aanya have reinvested most of the profits back into the business, they are hopeful that the mining operations will also help pay their tuition fees in the future.