The cost of studying a four-year university degree in the United States today can be above USD 400,000, an almost unattainable goal for a large part of middle-class families. However, 9-year-old Aanya Thakur and his 14-year-old brother Ishaan have a plan: to mine Ethereum.
The little duo, based in the Texas city of Frisco, hopes to study medicine at the universities of Pennsylvania and New York , which are among the most select study centers in the world. To achieve this, their first project was to install a stand for the sale of lemonade, which earned them about USD 100 each summer.
However, everything changed after his father He told them the history of bitcoin (BTC) and its climb to USD 50,000. From there, the children were so excited that they set out to learn more about cryptocurrencies, according to a US media report that They interviewed the boys.
Ishaan, a ninth grader at Frisco High School, said that with the help of his sister and father, they began watching YouTube videos about cryptocurrency mining. Soon they decided to turn their PC into a computer to mine ethers (ETH) , the cryptocurrency of the Ethereum network.
Get a video card ( GPU) exclusively for mining Ethereum in times of pandemic was their first major hurdle, due to a shortage of key PC components, but they solved it by going to the second-hand product market.
The first day they earned USD 3 mining and USD 1,000 in their first month. Then their father, Manish Raj, a highly experienced bank employee, applied for a loan to help them buy more equipment to boost their project.
Extracting ether: new formula to finance university education
Now, the Thakur brothers have 14 rigs with a total of 82 GPUs to mine Ethereum and 5 with 12 to mine Ravencoin (RVC ). In addition, have commissioned Chinese manufacturers new components to later expand their new business, which they registered, with the help of their father, under the name of mining company «Flifer Technologies. ”
Although they started their operations in their own garage, they now rent space in a data center in Dallas, as the heat and noise were too great to keep in their home , according to a Dallas newspaper report.