These 14- and 9-year-old siblings earned $160,000 in 7 months mining cryptocurrency. (via CNBCMakeIt)
Bitcoin is the largest cryptocurrency by market value. Ether is the second-largest and is native to the Ethereum blockchain. And ravencoin is an altcoinThe siblings, who are based in Frisco, Texas, can process 15 to 16 billion ether algorithms per second, according to Ishaan.
Ishaan and Aanya hope to continue to reinvest in their business, but also use the income to save for college.Ishaan and Aanya first learned how to mine by watching videos on YouTube and searching the internet. But the process of mining is far from easy. The siblings have nearly 200 processors, which their father Manish Raj, a former investment banker, helped fund by taking out a loan. Raj declined to disclose the exact loan amount, but the worldwide shortage of computer chips made finding equipment much more difficult and set prices at a premium.
"We have additional cards on order, so we will be over 200 processors later this month," Ishaan says.
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