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.
I honestly haven't met an Indian in the US who is not bougie as hell, but that probably makes sense. I'm assuming this is only the case because they have the means to move across the world.
Knew a guy in high school who's parents were both doctors, and he recently got his MBA in finance. Another one of my (old) friends works for chase bank corporate