11-12-2021, 06:55 AM
"CNBC makes news of 2 kids making 160K mining Crypto" What they don't say is that th
<!-- SC_OFF --><div class="md"><p>Let's say it everyone: <strong><em>Money makes Money</em></strong><strong><em><sup>2</sup></em></strong><strong><em>.</em></strong></p> <p>Today, worlds <em>"objectively best"</em> media cooperation CNBC, made another <em>great</em> article, about 2 kids making $160K from mining Crypto, and as a miner myself I want to quote some things from their article.</p> <p>Our heroes, two kids named Ishaan Thakur, (14) and his sister Aanya, (9). They started mining with 3 dollars a day, which is what I get with my 2060 ($349), but then their operations grow majestically, how majestically you say? <strong>$64K per month!</strong></p> <p>Let me tell you, there is no fuckin way in the planet earth that you can get these numbers without a mining farm. Let's continue!</p> <p><strong><em>“We have configured our computers to constantly scan for the most profitable coin and switch to that coin automatically,”</em></strong> If i need to translate it to English, Ishaan is either a super genius coder that can make a super complex AI. Or, they simply use NiceHash, which is what i use and does all this stuff automatically.</p> <p><strong><em>“Even though we are now making a lot of money, we are just as proud now as we were when we only made $3 per day, since our main prize is not the money,”</em></strong> I dont get why they act like its their achievement, its just that they poured a fortune to their rigs but, "How much?"</p> <p>Now you remember when I said, "What they don't say". Now that's kind of a lie cause just when I thought the article ended, there is a sweet spot that explains how they make that much money.</p> <p>See, their father Manish Raj, did something that I laughed the shit out of myself once I read. He took a loan for his kids to Mine Cryptocurrency. Yes, you heard me right, he took a LOAN, for his kids to mine Crypto! Honestly, my father of the year award goes for the Manish!</p> <p>Anyway, how much processor does little Ishaan has? Well, hope you're ready cause shit is about to get real!</p> <p>14-year-old Ishaan has:</p> <p><strong>100 NVIDIA RTX 3090!</strong></p> <p>and</p> <p><strong>50 NVIDIA RTX 3070 TI!</strong></p> <p>There is a huge chip shortage going on right now so no fuckin way he got these cards by the retailer prices, but let's say Manish is a close friend of Nvidia's CEO, which I must say, you probably need to be to give that much money to your kids. He still would need to spend, AT LEAST $150.000 on GPUs with $1500 per card!</p> <p>And you know what's funny? RTX 3090 isn't even a good GPU for mining. of course, its hash rate is an incredible 108 which is a lot, But, it's not very efficient in Hash/$ perspective, as it needs 291 days to pay its price, while GTX 1060 only needs 159.</p> <p>​</p> <p>For the full article:<a href="https://www.cnbc.com/2021/11/10/kid-siblings-earned-160k-mining-cryptocurrency-like-bitcoin-ether.html?&qsearchterm=mining">https://www.cnbc.com/2021/11/10/kid-siblings-earned-160k-mining-cryptocurrency-like-bitcoin-ether.html?&qsearchterm=mining</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Tylanmon"> /u/Tylanmon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qrskgv/cnbc_makes_news_of_2_kids_making_160k_mining/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qrskgv/cnbc_makes_news_of_2_kids_making_160k_mining/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Let's say it everyone: <strong><em>Money makes Money</em></strong><strong><em><sup>2</sup></em></strong><strong><em>.</em></strong></p> <p>Today, worlds <em>"objectively best"</em> media cooperation CNBC, made another <em>great</em> article, about 2 kids making $160K from mining Crypto, and as a miner myself I want to quote some things from their article.</p> <p>Our heroes, two kids named Ishaan Thakur, (14) and his sister Aanya, (9). They started mining with 3 dollars a day, which is what I get with my 2060 ($349), but then their operations grow majestically, how majestically you say? <strong>$64K per month!</strong></p> <p>Let me tell you, there is no fuckin way in the planet earth that you can get these numbers without a mining farm. Let's continue!</p> <p><strong><em>“We have configured our computers to constantly scan for the most profitable coin and switch to that coin automatically,”</em></strong> If i need to translate it to English, Ishaan is either a super genius coder that can make a super complex AI. Or, they simply use NiceHash, which is what i use and does all this stuff automatically.</p> <p><strong><em>“Even though we are now making a lot of money, we are just as proud now as we were when we only made $3 per day, since our main prize is not the money,”</em></strong> I dont get why they act like its their achievement, its just that they poured a fortune to their rigs but, "How much?"</p> <p>Now you remember when I said, "What they don't say". Now that's kind of a lie cause just when I thought the article ended, there is a sweet spot that explains how they make that much money.</p> <p>See, their father Manish Raj, did something that I laughed the shit out of myself once I read. He took a loan for his kids to Mine Cryptocurrency. Yes, you heard me right, he took a LOAN, for his kids to mine Crypto! Honestly, my father of the year award goes for the Manish!</p> <p>Anyway, how much processor does little Ishaan has? Well, hope you're ready cause shit is about to get real!</p> <p>14-year-old Ishaan has:</p> <p><strong>100 NVIDIA RTX 3090!</strong></p> <p>and</p> <p><strong>50 NVIDIA RTX 3070 TI!</strong></p> <p>There is a huge chip shortage going on right now so no fuckin way he got these cards by the retailer prices, but let's say Manish is a close friend of Nvidia's CEO, which I must say, you probably need to be to give that much money to your kids. He still would need to spend, AT LEAST $150.000 on GPUs with $1500 per card!</p> <p>And you know what's funny? RTX 3090 isn't even a good GPU for mining. of course, its hash rate is an incredible 108 which is a lot, But, it's not very efficient in Hash/$ perspective, as it needs 291 days to pay its price, while GTX 1060 only needs 159.</p> <p>​</p> <p>For the full article:<a href="https://www.cnbc.com/2021/11/10/kid-siblings-earned-160k-mining-cryptocurrency-like-bitcoin-ether.html?&qsearchterm=mining">https://www.cnbc.com/2021/11/10/kid-siblings-earned-160k-mining-cryptocurrency-like-bitcoin-ether.html?&qsearchterm=mining</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Tylanmon"> /u/Tylanmon </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qrskgv/cnbc_makes_news_of_2_kids_making_160k_mining/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qrskgv/cnbc_makes_news_of_2_kids_making_160k_mining/">[comments]</a></span>Kind Regards R