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Bitcoin => Bitcoin Discussion => Topic started by: Vaskiy on November 16, 2021, 12:49:45 AM



Title: Kids into Cryptocurrency Mining
Post by: Vaskiy on November 16, 2021, 12:49:45 AM
Really interesting to share the story of a 14 year old kid Ishaan and his nine year old sister Aanya based in Texas. From the name it looks like they're of Indian origin. Initially the kids managed to make an earning of $3 per day. Now this has rose to $30000 per month. Also they've established their own cryptocurrency, I'm not sure about its details. On the whole they've made $160000 in profits through Flifer Technologies.

Ishaan mentioned that the computers constantly scan for the most profitable cryptocurrency for mining and switch to that automatically. Ether is the most dominant. Bitcoin and Ravencoin takes the next positions.

The kids have learned how to mine watching YouTube videos. Right now these kids are saving the profit for future education. Monthly electricity bill for them costs $5000 and for machines maintenance costs $4000. However the initial investment is done by his father who is an investment banker. The capital investment isn't disclosed. All the computers are built by the kids. When kids of this age spend on gaming, these kids are spending time on cryptocurrency mining. This shows how kids are getting associated with technology.

Below is the link that gives briefing about the news
Crypto Mining Business Grow to Unprecedented Levels (https://www.google.com/amp/s/www.livebitcoinnews.com/two-siblings-have-seen-their-crypto-mining-business-grow-to-unprecedented-levels/amp)


Title: Re: Kids into Cryptocurrency Mining
Post by: TravelMug on November 16, 2021, 01:24:36 AM
Yep, that's right, it has been covered though in this thread:

  • Crypto feel good story: Texas kids make $32,000/month mining ethereum (https://bitcointalk.org/index.php?topic=5357588.0)
  • Kid already making $32k monthly through ethtereum (https://bitcointalk.org/index.php?topic=5355360.0)

I think it is also note to mention though the parents behind, they are truly supportive of their kids and now they are seeing the fruits of their labour. Who knows, maybe this kid will have a bright future ahead in crypto, (whether really involving themselves in mining or something else).


Title: Re: Kids into Cryptocurrency Mining
Post by: enhu on November 16, 2021, 01:35:46 AM

Anything is possible now with what they can learn from the youtube tutorials. Father must have the biggest influence on these kids. Amazing for a 14-year-old to keep himself busy learning stuff like this while others want to play xbox.  Monthly bill and maintenance cost I think is fair when we look at the sum of thier profit.


Title: Re: Kids into Cryptocurrency Mining
Post by: Tashana on November 16, 2021, 02:14:46 AM
Now high school students are richer than their parents, and more and more organizations have begun to do computer programming training. Programming can create another world. The future is here!


Title: Re: Kids into Cryptocurrency Mining
Post by: yazher on November 16, 2021, 03:15:36 AM
The kids have the potential to become like the founder of Ethereum where he also started the project when he was young. Hopefully, the kids will pursue their dreams and will be successful in developing their projects in the future. Those kids have some rare talent and with their ages, they can now build their own mining facility? what if they are given enough capital for a bigger one? Man! their parents are so lucky to have them both.


Title: Re: Kids into Cryptocurrency Mining
Post by: Jawhead999 on November 16, 2021, 03:40:34 AM
Those kids need to be protected or could be targeted for $5 wrench attack, AFAIK there's a kid got robbed since he posted he own a Bitcoin in social media.

Not really sure how they can set up the mining rigs, maintenance, and so on, I feel like their father was behind of all this since he's taking a loan to buy the graphics cards. He's a investment banker, he's already know how to calculate the loan and interest with the profit he will earn in mining. Now they're preparing to create their own token due to their popularity ::)


Title: Re: Kids into Cryptocurrency Mining
Post by: deadmousehat on November 16, 2021, 04:01:37 AM
Learn anything is now easier because there is internet and clearer explanations through videos on YouTube. It is very possible that anyone, even children, can make money from mining cryptocurrency by just learning from YouTube and also getting support from their parents.


Title: Re: Kids into Cryptocurrency Mining
Post by: so98nn on November 16, 2021, 04:48:09 AM
At the age of 14 hnn?
Dam, kids here would be making tiktok videos and crying for the invaulable stuff, and here you go kid making 32k a month. Thats just awesome and big respect to those parents. I think they really have pushed these two kiddo's with atmost care and planning.

Quote
The kids have learned how to mine watching YouTube videos. Right now these kids are saving the profit for future education.

Sorry to mention but I dont think these kids need traditional education system considering they have the best parents as teacher. Anyways the end goal is to make money whether you are scientist, artist or some musician. At the end of day when you are in the house, you would just check what you have and what you can spend.

These kids have started learning amazing things at this age and I believe that they just need to get into technological education by all themselves or with some private schooling.


Title: Re: Kids into Cryptocurrency Mining
Post by: worle1bm on November 16, 2021, 05:35:28 AM
At the age of 14 hnn?
Dam, kids here would be making tiktok videos and crying for the invaulable stuff, and here you go kid making 32k a month. Thats just awesome and big respect to those parents. I think they really have pushed these two kiddo's with atmost care and planning.

Quote
The kids have learned how to mine watching YouTube videos. Right now these kids are saving the profit for future education.

Sorry to mention but I dont think these kids need traditional education system considering they have the best parents as teacher. Anyways the end goal is to make money whether you are scientist, artist or some musician. At the end of day when you are in the house, you would just check what you have and what you can spend.

These kids have started learning amazing things at this age and I believe that they just need to get into technological education by all themselves or with some private schooling.

The parents guidance is utmost important in these matters like if your guardian or parents are pushing you to watch these tutorial and generate profits out of it then it's good but when i see most of the kids being derailing from the path and spending most of time on making insta reels and tiktok or any other useless app which is just for fun but many who get popular over there are getting paid with sponsored ads and have a chance in modeling but that's temporary period and you won't learn any special skill but these kids have right way of earning.Like they have built mining setup and then saving for further education is more impressive watching YouTube.You can take these and use it as opportunity for yourself like they have done.


Title: Re: Kids into Cryptocurrency Mining
Post by: Kakmakr on November 16, 2021, 06:05:10 AM
It is unfortunate when the world has changed so much that kids at that age has to focus on "making money" and not on growing up and being a child. There is nothing wrong with kids being taught new skills and showing innovation, but pushing them into early adulthood is unhealthy.. and it will cause problems in years to come. (early burnout)

Kids should focus on school work and participating in Sport and also socializing with friends and family, not working to pay the bills. Having an Investment Banker as a parent, explains a lot about their situation. (focus will be on "money" and "profits")  ::)


Title: Re: Kids into Cryptocurrency Mining
Post by: Reatim on November 16, 2021, 06:38:11 AM
Really interesting to share the story of a 14 year old kid Ishaan and his nine year old sister Aanya based in Texas. From the name it looks like they're of Indian origin. Initially the kids managed to make an earning of $3 per day. Now this has rose to $30000 per month. Also they've established their own cryptocurrency, I'm not sure about its details. On the whole they've made $160000 in profits through Flifer Technologies.
if they managed to create their own currency then these kids are  really a computer experts and has a deep knowledge about technology.

Quote
Ishaan mentioned that the computers constantly scan for the most profitable cryptocurrency for mining and switch to that automatically. Ether is the most dominant. Bitcoin and Ravencoin takes the next positions.
Wondering what apps or technology has this?
Quote
The kids have learned how to mine watching YouTube videos.
YouTube academy again, there is really a great things from those kids that wanted to earn and not just to play using youtube.


Title: Re: Kids into Cryptocurrency Mining
Post by: davis196 on November 16, 2021, 06:42:24 AM
1.I don't think that this thread belongs to the Bitcoin discussion forum,since we are talking about altcoin mining.
2.Those kids aren't making 32K USD per month.Their father is making 32K USD per month.He bought all the mining equipment.He owns that mining equipment.I don't believe that the kids "have built" anything and I don't believe that the kids are maintaining that mining equipment.
Like another forum member have mentioned,those kids must be really careful when bragging about their "achievement".I don't want some criminal to kidnap them and ask for a cryptocurrency ransom.
In conclusion:This is just another clickbait article....


Title: Re: Kids into Cryptocurrency Mining
Post by: michellee on November 16, 2021, 09:07:59 AM
It is a good sample from the kids aware of a new technology that can grow when they become adult people, so they want to be involved in their age by mining the potential coins. They prepare their future by doing the right thing while their friends are busy playing what they want and not thinking about their future.

But that will not work if they do not have parents who are also aware of the technology because their fathers give them equipment that they can use for mining. They are lucky to have parents like that as they can have much money in the future because of what they do right now.


Title: Re: Kids into Cryptocurrency Mining
Post by: batang_bitcoin on November 16, 2021, 09:49:52 AM
Think has been a news months ago, they're being helped by their father but it's good to see them that they're open minded about mining cryptocurrencies already.
I envy them that there's someone that's helping and pursuing them mining. At a young age, others might find it bad that these kids were already engaged in mining but in many people's perspective, they find it amazing.


Title: Re: Kids into Cryptocurrency Mining
Post by: LogitechMouse on November 16, 2021, 12:42:41 PM
If I remember correctly, this is the same people that is around the news a few months ago already.

Well, its a good thing that we see young people getting involved into crypto mining. I just hope that more and more will be engaged into this kind of activity especially those people who are paying lower electricity bills. If only our electricity bills here in our country is cheap then I might consider mining but it's one of the most expensive electricity bills around the world. I'm just amazed to see this kids having a source of income at a young age. I hope that they can sustain it for a long time until they are old :).


Title: Re: Kids into Cryptocurrency Mining
Post by: bosede1 on November 16, 2021, 01:43:27 PM
This is really mind blowing to know, I love to see or know that kids are doing things profitable for themselves rather than wasting precious time watching games that won't yield any income or advantage to them. I also love the attitude of the father in supporting the children in this.


Title: Re: Kids into Cryptocurrency Mining
Post by: Farma on November 16, 2021, 01:49:23 PM
Well, promising kids. many children their age still have difficulty accessing computers, even seeing computers as a means of playing games. however, we see that the two children have been successfully educated up to now by their parents.
however, I think this is due to the support of his parents. I'm pretty sure that his father or mother directed him to do this. however, this is a real example when children are well educated about this technology. in fact, now they can become more independent and are encouraged to continue learning about technology. good job.
but I'm quite curious about the coins they make themselves.


Title: Re: Kids into Cryptocurrency Mining
Post by: zaesvlas on November 16, 2021, 01:55:52 PM
I don't think it's worth paying attention to this at all. Although I am still over the age threshold to work in this industry.


Title: Re: Kids into Cryptocurrency Mining
Post by: stompix on November 16, 2021, 01:58:01 PM
2.Those kids aren't making 32K USD per month.Their father is making 32K USD per month.He bought all the mining equipment.He owns that mining equipment.I don't believe that the kids "have built" anything and I don't believe that the kids are maintaining that mining equipment.

That's the obvious thing poeple are ignoring.
It's their father who took a 100k loan and give them these to play as owning a business, he's the one running the company, he's the one hiring poeple, they are just doing what they can, it's not like they could have been able to make even a cent without a parent buying them the means to do it.

And yeah, of course, they are to maintain it since they pay 4000$ for that, if they would be able to do it they wouldn't spend it on technician.
It's like Rockefeller's first million, he first opened a lemon stand, he was selling 10$ of juice at first, and then ...he inherited 100 million  ;D

Wondering what apps or technology has this?

Nothing special, there are tens of this kind of software, awesomeminer for example.




Title: Re: Kids into Cryptocurrency Mining
Post by: dupee419 on November 16, 2021, 02:19:01 PM
Really interesting to share the story of a 14 year old kid Ishaan and his nine year old sister Aanya based in Texas. From the name it looks like they're of Indian origin. Initially the kids managed to make an earning of $3 per day. Now this has rose to $30000 per month. Also they've established their own cryptocurrency, I'm not sure about its details. On the whole they've made $160000 in profits through Flifer Technologies.

Ishaan mentioned that the computers constantly scan for the most profitable cryptocurrency for mining and switch to that automatically. Ether is the most dominant. Bitcoin and Ravencoin takes the next positions.

The kids have learned how to mine watching YouTube videos. Right now these kids are saving the profit for future education. Monthly electricity bill for them costs $5000 and for machines maintenance costs $4000. However the initial investment is done by his father who is an investment banker. The capital investment isn't disclosed. All the computers are built by the kids. When kids of this age spend on gaming, these kids are spending time on cryptocurrency mining. This shows how kids are getting associated with technology.

Below is the link that gives briefing about the news
Crypto Mining Business Grow to Unprecedented Levels (https://www.google.com/amp/s/www.livebitcoinnews.com/two-siblings-have-seen-their-crypto-mining-business-grow-to-unprecedented-levels/amp)

That's actually crazy, when I was 14 all I know is playing League of Legends, eat and sleep, these kids are the next generation though it would be sad if at an early age they'll focus too much on making money, education is also important of course but coming from Indians, they've always been this smart ever since. This is a huge investment and to think of it that they've established their own cryptocurrency which makes it even more crazier. More kids will adapt this in the future and I'm pretty sure that if this happens, the next generation's adults are going to be financially secured in the next 100 years, all thanks to cryptocurrency.


Title: Re: Kids into Cryptocurrency Mining
Post by: Nahl on November 16, 2021, 02:39:04 PM
mostly 14 year old kids only know how to playing games or playing with their friends and studying at schools and rare to see the kids concern to build mining farm and making money so imagine if they consistent to do this for next 10 years or more then i'm sure they will became an millionare in early age however i wondering that what if they already have much money that does they will continue go to school or not because usually kids who have very much money don't too concern to their education and it not good for their future


Title: Re: Kids into Cryptocurrency Mining
Post by: ice18 on November 16, 2021, 03:56:05 PM
Wow! fantastic that $32k/month is kinda huge earning for 14 yr old kid, it was like a whole year salary of highest government official in my country. Really inspiring to tell this one into my children to start learning crypto and engage in investment like this while still young.     


Title: Re: Kids into Cryptocurrency Mining
Post by: Evgenklm on November 16, 2021, 07:17:50 PM
children are now much more advanced than adults, and this topic is an example of that, if they already earn so much at the age of 14, then what will happen when they grow up, and most importantly, that children have learned this themselves using the Internet


Title: Re: Kids into Cryptocurrency Mining
Post by: BITCOIN4X on November 16, 2021, 07:52:22 PM
Educational background and the people who are beside him will greatly affect the talent and ability of children to gain knowledge. I admire them for being able to use technology to make money and at the age of 14 are already millionaires while many other kids their age are still focused on education.

The most basic thing about cryptocurrency is that this technology teaches us to get more knowledge when we want to learn it continuously until it will eventually produce something of value, namely income. $30K per month is a huge amount if they live in my country they can buy a luxury house here and live in splendor. However, it is not about the amount of income they generate, but rather their ability to be appreciated.


Title: Re: Kids into Cryptocurrency Mining
Post by: 24Kt on November 16, 2021, 08:09:12 PM
Educational background and the people who are beside him will greatly affect the talent and ability of children to gain knowledge. I admire them for being able to use technology to make money and at the age of 14 are already millionaires while many other kids their age are still focused on education.

The most basic thing about cryptocurrency is that this technology teaches us to get more knowledge when we want to learn it continuously until it will eventually produce something of value, namely income. $30K per month is a huge amount if they live in my country they can buy a luxury house here and live in splendor. However, it is not about the amount of income they generate, but rather their ability to be appreciated.

At a young age, they can already learn how to value the money as they know how to earn it. For sure, they will grow as entrepreneurs. But I am hoping they will not stop pursuing the completion of their education. With how much they are earning, we know they don't need to get college degree but it is still important to face other bottlenecks of life in the future. We know, they will not stop educating themselves when it comes to crypto market. This is really a good example that even youngsters can learn easy in crypto if they are willing to.


Title: Re: Kids into Cryptocurrency Mining
Post by: dezoel on November 16, 2021, 08:14:35 PM
This is quite an old news, and I have seen it a few times in this forum. I do see it a lot on the news, the kids have been able to make a huge progress in mining cryptocurrency and the profit they have been able to get from it has been really outstanding. What really amazes me is these kids thinking, it’s like they are thinking outside the box. Most of their age mates wouldn’t be thinking about things like this, but they were able to reason about things like this and how they can go about it and be able to profit from it.

Although I do understand that the idea must have come from their father who is an investor, so he must have talked to them about it and that might have motivated them totake the first step. But even at that, some kids after they have heard a thing like this wouldn't be that interested in being part of it, rather they would focus in having other kind of fun like playing games.


Title: Re: Kids into Cryptocurrency Mining
Post by: AakZaki on November 16, 2021, 09:49:43 PM
It is very fortunate to have parents who support what their children want to do. Becoming a bitcoin miner will certainly teach them to be a miner as well as a crypto market observer. They don't have to worry about capital because they get capital support from their father who is an investment banker.

spending $5000 just for electricity and $4000 for maintenance is of course very expensive and the mining tools they use are also big and have lots of VGA of course.
the future of these children will be better but also need to be directed.


Title: Re: Kids into Cryptocurrency Mining
Post by: Hippocrypto on November 16, 2021, 10:19:57 PM
Learning anything now is easier than ever. Kids now is easy to learn with the tutorials they've always seen in any website. Some of them is rich already than their parents. At a young age, they can already learn how to value the money as they know how to earn it. It was very interesting and helpful to kids to learn something about earning money but it is very important also that parents may guide them because it may cause them anxiety exploring internet. The parents guidance is utmost important in these matters.