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Here's how much electricity it takes to mine Bitcoin and why people are  worried - CNET

In Frisco Texas, two siblings, one age 14 and one age 9, have stated they found a helpful method of paying their future college tuition. Ishaan Thakur, age 14, and his sister Aanya Thakur, age 9, have already stepped foot into the business world with the help of their father, Manish Raj. That is, through mining Bitcoin, Ether, and Ravencoin.

The two siblings have started their own cryptocurrency company in April, entitled Flifer Technologies after making money solving complex math problems on Bitcoin. They started with $3, but as their earnings increased, Manish invested money in mining hardware and graphing cards in July, causing the sibling’s earnings to increase drastically by mining Ether and Ravencoin as well.

“We started because we wanted to learn something new about technology – and also make some money along the way,” Ishaan stated to CNBC. In light of the controversy that Bitcoin leads to environmental problems, Ishaan reassured CNBC “Our Dad told us that we use only 100% renewable energy or our mining-that is, our brains and sweat!”

The sublings also explained that they were able to make over $30,000 a month through mining with Bitcoin, each of thee methods of which have a $897 million market cap. The best part, according to Aanya, is that they can make money right from their home in Texas and the two enjoy solving complex math equations.

Ishaan and Aanya are not the only people who have benefited from mining with Bitcoin. According to Forbes magazine, Sam Bankman Fried, the 29-year-old founder of crypto-trading exchange FTX, has a net worth of $8.7 billion. This amount may increase the more investments earned. With skill and a bit of luck, we too, may share in this fortune one day!

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