RELATED: A teenager and his sister say they make $35,000 a month by mining Bitcoin
Texas-based siblings Ishaan and Aanya Thakur, who have been mining cryptocurrencies since February, plan to launch a digital token by the end of the year.
They have hired programmers to work on their cryptocurrency called Flifer Coin, Ishaan said.
“We wanted to make a difference because we were mining other coins like Bitcoin and Ethereum. We wanted to make our own cryptocurrency because other people were making it and thought we could do so too,” the 14-year-old said.
The siblings, who say they make about $35,000 a month by mining Ethereum, Bitcoin and Ravencoin, also want to spread more awareness about cryptocurrencies in general.
Cryptocurrency mining uses sophisticated computers that solve complex computational maths problems, according to Investopedia.com. Mining has a magnetic appeal for many investors interested in cryptocurrency because they are rewarded for their work with crypto tokens, the website says. For instance, Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions, which are added to the blockchain.
“I am proud of what I am doing because I spent the whole summer learning how to mine cryptocurrencies instead of playing games,” nine-year-old Aanya said.
After their father Manish Raj, a former Wall Street investment banker, told the siblings about alt coins in February, they were intrigued about mining cryptocurrencies and converted their old gaming computers to mine for Bitcoin.
The brother and sister watched YouTube tutorials and read Reddit posts to learn how to mine. They made $3 on their first day of mining. Today that has grown to $74,000, which they have reinvested in their business, called Flifer Technology.
“We reinvest whatever we make from mining back into the business so we make more money,” Ishaan said.
Some profits also go towards buying graphics cards and computer processors for mining, Aanya explained.
The siblings have hired technicians at a data centre in Dallas to monitor their mining operation while they attend school. The duo visit the data centre every day after they finish their homework.
I am proud of what I am doing because I spent the whole summer learning how to mine cryptocurrencies instead of playing games
Aanya Thakur,
9-year-old cryptocurrency miner
Bitcoin, the world's largest cryptocurrency, hit a record of about $65,000 in April, driven by a tide of liquidity, fast-money bets and optimism about growing demand from institutional investors. But critical commentary about the energy consumed by mining rigs and a cryptocurrency clampdown in China soured investor sentiment. Bitcoin fell below $30,000 during a rout in May. On Wednesday, Bitcoin surpassed $55,000.
“Sometimes, we worry that the value of popular cryptocurrencies may rise and fall. But it’s not that big a deal for us because we haven’t put in as much money as other people,” Ishaan said.
“We have only spent money to buy equipment to mine for cryptocurrencies. If we had purchased cryptos instead of mining them, we would stand to lose more money because of the volatility.”
Cryptocurrencies are the way of the future, according to the teen, who foresees people using digital tokens to buy regular items like groceries in the near future.
“It’s great that I can inspire other people. My friends come up to me and ask me how to mine for cryptocurrencies. It feels good,” he said.
“Anyone can do it if they spend the time."
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
UAE currency: the story behind the money in your pockets
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
Global state-owned investor ranking by size
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
The five pillars of Islam
Killing of Qassem Suleimani
Mohammed bin Zayed Majlis
The%20Roundup
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
SPECS
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Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press
More from Rashmee Roshan Lall
Navdeep Suri, India's Ambassador to the UAE
There has been a longstanding need from the Indian community to have a religious premises where they can practise their beliefs. Currently there is a very, very small temple in Bur Dubai and the community has outgrown this. So this will be a major temple and open to all denominations and a place should reflect India’s diversity.
It fits so well into the UAE’s own commitment to tolerance and pluralism and coming in the year of tolerance gives it that extra dimension.
What we will see on April 20 is the foundation ceremony and we expect a pretty broad cross section of the Indian community to be present, both from the UAE and abroad. The Hindu group that is building the temple will have their holiest leader attending – and we expect very senior representation from the leadership of the UAE.
When the designs were taken to the leadership, there were two clear options. There was a New Jersey model with a rectangular structure with the temple recessed inside so it was not too visible from the outside and another was the Neasden temple in London with the spires in its classical shape. And they said: look we said we wanted a temple so it should look like a temple. So this should be a classical style temple in all its glory.
It is beautifully located - 30 minutes outside of Abu Dhabi and barely 45 minutes to Dubai so it serves the needs of both communities.
This is going to be the big temple where I expect people to come from across the country at major festivals and occasions.
It is hugely important – it will take a couple of years to complete given the scale. It is going to be remarkable and will contribute something not just to the landscape in terms of visual architecture but also to the ethos. Here will be a real representation of UAE’s pluralism.
MO
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
more from Janine di Giovanni
Mountain%20Boy
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Zainab%20Shaheen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Naser%20Al%20Messabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%203%2F5%3C%2Fp%3E%0A
WTL%20SCHEDULE
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Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
The%20specs%3A%202024%20Mercedes%20E200
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Company%C2%A0profile
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Turning%20waste%20into%20fuel
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Company%20profile
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The distance learning plan
Spring break will be from March 8 - 19
Public school pupils will undergo distance learning from March 22 - April 2. School hours will be 8.30am to 1.30pm
Staff will be trained in distance learning programmes from March 15 - 19
Teaching hours will be 8am to 2pm during distance learning
Pupils will return to school for normal lessons from April 5
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
TOP 5 DRIVERS 2019
1 Lewis Hamilton, Mercedes, 10 wins 387 points
2 Valtteri Bottas, Mercedes, 4 wins, 314 points
3 Max Verstappen, Red Bull, 3 wins, 260 points
4 Charles Leclerc, Ferrari, 2 wins, 249 points
5 Sebastian Vettel, Ferrari, 1 win, 230 points
