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By late July they were able to buy extra equipment like Antminers and high-end graphics cards which would enable them to start mining Bitcoin and Ravencoin, the costs of which ranged from $2,500 – $3,000 (£1,813 – £2,176) per graphics card.
However, their income hasn’t plateaued just yet: the digital duo expect a paycheque of $36,000 (£26,118) in September. “We can process a little over 10 billion Ethereum algorithms per second” Ishaan said. Despite their successes, Ishaan and Aanya have noted that the process is far from over and definitely not easy.
As they have now seen, optimising cryptocurrency mining requires a fair amount of technology and equipment which doesn’t come cheap and uses a lot of energy. At the moment the pair have over 97 processors all of which are funded by a loan their father helped them take out and rent a data centre in Dallas, Texas.
The electricity bills alone take $3,000 (£2,176) of their monthly earnings despite their best attempts to be as energy efficient and eco-friendly as possible. “We moved from my desk to the garage, since the house was getting too much heat and noise. (We) outgrew the garage, since heat and noise was too much for the garage too,” Ishaan added.
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