Wow, what amazing self-made entrepreneurs. This inspires me and says to me, "Maybe I can pull myself up by my bootstraps and make something of myself."

But I have a feeling there is vital information missing here. Oh, what's this near the bottom?

In addition to being very complicated, mining is certainly not cheap, as it requires expensive equipment, a lot of energy and computer power.

Ishaan and Aanya, for example, have over 97 processors, which their father 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.

Ishaan and Aanya mostly use Nvidia RTX 3090 graphics cards, Ishaan says, and each card alone can cost around $2,500 to $3,000 to buy.

Though at home, the siblings say they use “100% renewable energy for our mining,” because “we want to be environmentally friendly,” they also rent a data center in Dallas, Texas. In total, for both their home and the data center, the electric bill costs just below $3,000 per month, Ishaan says.

  • SoyViking [he/him]
    ·
    3 years ago

    Maybe it's what the bourgeoisie do for quality time with the kids? Instead of building a tree house or a Lego spaceship with their dad they're building a Ponzi scheme.