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Mining Ethereum becomes the strategy of these children to pay for their University
It is no secret to anyone that university study in the United States has a really high cost. Mainly for those who want to set demanding goals and study careers in medicine, business or the arts.
This type of degree, which usually takes four years, could cost around USD 300,000 or 400,000. Becoming a sum of money almost unattainable for families that are in middle class economies.
This has caused many to simply throw their dreams overboard and have to resign themselves. But those who truly want to overcome adversity have achieved their goals with incredibly lucrative financing projects.
Cryptocurrencies have started to surprise thousands of people with their immediate profits, which allow quick investments. In this case we have caught the news of Aanya and Ishaan Thakur, children with great astuteness for entrepreneurship.
These children of 9 and 14 years respectively, have invested with their father what is undoubtedly the solution to their problems. They managed to enter the dizzying world of cryptocurrency mining, and it is estimated that they will achieve the income for their studies in just a few years.
The incredible cunning of these children and their father will allow them to pay for their studies
Aanya and Ishaan Thakur at their young age realized that on the way they were taking they would have to do without their studies due to lack of money. His first idea was the one that many of us had at that age, selling lemonade, but his idea seemed to have no future.
It is there that their father told them about the events of Bitcoin in 2020 when it reached its all-time high. This amazed Aanya and Ishaan Thakur and opened their minds, they immediately became interested in the subject, searched for information and took the reins to come up with a plan.
The first thing was knowledge, they searched for videos on YouTube, read Blogs and thought about how to make their dream come true. Their ideas blossomed and they immediately decided to transform their old computer into a specialized equipment for mining Ethereum.
Desde el comienzo de la pandemia el pasado 2020, el mundo de la criptomoneda ha tenido un alza histórica. Muchas personas han apostado por un panorama muy diverso, donde cualquier cripto puede...webmediums.com
How did they come to generate so much?
Turning his computer into a mining machine was not an easy task, mainly because at the time the pandemic was in full swing. Which means finding the parts to assemble your PC was almost impossible, at least firsthand.
They decided to acquire a GPU, or video card, in a market with second-hand technology, which was exclusively for mining Ethereum. Thanks to their previously acquired knowledge, they were able to assemble their own mining machine themselves.
When they turned it on they managed to acquire USD 3 on their first day, it was not much, but for them it was only the beginning. At the end of the same month they managed to acquire about USD 1,000, so they were impressed.
When his father saw his children's great project, he decided to reach out to them and help them as much as possible. Thanks to the fact that he is a bank employee with great experiences, he managed to apply for a loan that changed his life and that of his children.
They used the money to finance their equipment, they acquired several mining machines that pushed their project to unimaginable levels. Ishaan and Aanya Thakur currently have 14 rigs with 82 GPUs for mining Ethereum and 5 of 12 GPUs for Ravecoin.
Even at this time they have been in contact with manufacturers in China to request the components for their new equipment. Thanks to all their efforts they managed to successfully register their own mining company called Flifer Technologies.
From the garage to a data center
Incredibly, these children started their project with little money and from their home garage, but they soon mobilized. They understood that the energy consumption and wiring in their home were not adequate for all their machines.
In addition to this, the intense heat generated by these equipment was too much to control inside a garage. Which threatened to damage their equipment in a very short time, but this family was cunning and looked for the best solution.
They rented a good space within a data center, which was specialized to support these types of machines. Despite this, they still keep some equipment in their home garage, so in combination, at the end of the month their electricity bill reaches USD 3,000.
Although this amount is within their budget, since with all their machines they estimate that they will earn about $ 36,000 at the end of September. So your dream of becoming medical professionals now doesn't seem so far away.
What could the future hold for Aanya and Ishaan Thakur?
According to their calculations and if the prices of the cryptocurrencies they are mining do not change too much, these children would achieve their goal in just 2 years. Thus completing the total amount they need to cover the expenses of their university courses, in addition to common expenses.
Although there may be some setback due to the implementation of the variant commissions that Ethereum applies to transactions. Which counts as a clear threat to all miners of this cryptocurrency.
Even though the earnings of ETH taken from mining have been higher compared to the other cryptos in recent months, everything could fall apart. This is because Ethereum mining is at a critical time of change.
They are looking to transition their ecosystem from PoW to PoS, which could put an end to mining for this crypto. Something that could really turn out to be unfavorable for the Thakur brothers in the near future.
But it really wouldn't be something to really worry about, as with the skills and knowledge gained, these guys could get through it. They could start from scratch with any cryptocurrency and end up getting the same results.
Without a doubt, the determination and intelligence of this family has managed to improve their economic status, giving them a better future, all thanks to cryptocurrencies.
