Kid siblings earned $160k mining cryptocurrency like bitcoin, ether – CNBC

On their first day mining, the siblings made just $3.

Mining rigs must compete to solve complex puzzles in order to validate cryptocurrency transactions.

The siblings have nearly 200 processors, which their father Manish Raj, a former investment banker, helped fund by taking out a loan.

Ishaan and Aanya have around 100 Nvidia RTX 3090s, 50 of Nvidia RTX 3070Ti, a mix of Nvidia 30-series processors and 24 specialized bitcoin mining machines.

“Because they are all concurrently processing the same job, my homemade computers can process more graphics transactions per second than NASA can,” he says.

Though their mining operation originated out of their home’s garage, they’ve since moved to a data center in Dallas, Texas.

“Since our school has started, we don’t have time to monitor our computers in the garage.

“We think there are so many opportunities that involve crypto and we hope to be pioneers in this space,” Ishaan says.

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