Hardly anyone refrained from considering investing money in cryptocurrency during its epic rise in price last year. Many people decided that they could even get a bitcoin loan to spend it on cryptocurrencies. However, the most significant thing was not only about buying and selling Bitcoins. The most important part is the emergence of a new process that was later called “mining.”
Every second coin is harder to mine than the previous one as it requires more resources. Dedicated people were selling their businesses to create “farms” where they installed high-tech devices and powerful computers that could actually produce more cryptocurrency.
Students under 20 also did not steer clear from the modern trend to earn money fast using cryptocurrency. They focused on business growth and development so much that they needed help with studying. Thus, young miners usually turned to search such requests as who can write my essay for me to balance new jobs and education. Many students benefit from such additional help because they get the possibility to maintain a good level of academic performance as well as raise funds.
Top 7 The Youngest Crypto Miners Under 20
The example of crypto miners under 20 can be inspirational for many. They confirm that behind each success story, there are knowledge and hard work. Here is a list of top 7 teenage crypto miners and their cryptomining stories:
Erik Finman was lucky to understand where the trend with Bitcoin goes and caught the idea early. He became aminer millionaire when he was not even 19 years old. Erik claims that he was always good at finance, and his biggest luck was to understand how to make money work.
Jared Kenna became a millionaire when the coin cost only $0.2 per each. His total investment into Bitcoin was around $258, but when he eventually sold his coins, he became a millionaire. His impressive fortune exceeded $30 million.
Charlie Shrem started his career in Evr company in Manhattan, which was the first company accepting Bitcoin payments. At that time, the price of one coin was around $3–4. Later, he collected many coins that were worth much bigger money and created Bitinstant that now serves as an exchange platform.
Yifu Guo was an NYU student when he became the first Bitcoin miner. He founded a company that was selling a unique product – a Bitcoin miner at a sustainably growing price. As the competition increased, Guo left the company, but he managed to earn as much as $5 million on such sales.
Fitz Hall is now 26, but he has earned his first million during the first year of being in the Bitcoin business. He was sharing a flat with several friends from college and was determined to succeed. Even though he considered Bitcoin a bit of a gamble, it worked out for him making him a millionaire. Today, he is known as a successful entrepreneur and investor.
Some of the freshly made Bitcoin millionaires decide to stay unidentified. Mr. Smith, who prefers to conceal his name, collected as much as $25 million through Bitcoin trade, and now travels the world. He can afford the life only Arab sheiks could afford before while continuing to earn on mining.
Dadiani is a new face in cryptocurrency mining. She is an artist who became a millionaire for merely suggesting that Bitcoin can be accepted in exchange for luxury goods. Now she works to grow confidence in Bitcoin and expand the way the high-end society can use it.
What Is the Secret of Success?
The secret behind success in earning with cryptocurrency differs in each particular story. Some people rely on their intuition and background financial knowledge. Others genuinely believe that cryptocurrency is the future and see no other way to invest in the financial market than Bitcoin, Ethereum, or Litecoin.
The rest decide to gamble with new financial instruments in the financial market and try their luck or invent some technological tools that allow others to do the same.
However, the common thing that unites all crypto miners is their knowledge and willingness to risk. They understand that big money comes only if you act decisively that always bears high risks. College and formal education can provide you with basic knowledge in finance. But to succeed in this field, you need to go the extra mile and learn more than others.
Crypto miners are always interested in the recent news and keep it under the radar to project any fluctuations and reflect on them. They also see more than others since they believed in absolutely virtual blockchain technology and saw its potential.
Cryptocurrency provided a perfect opportunity for people of different ages and backgrounds to earn more. However, regardless of conditions and income, all crypto miners needed to believe in cryptocurrency. They all relied on the knowledge they had about financial markets and their rules to understand that Bitcoin is worth investing in.
Thus, the driving force of any success is continuous learning that should become the ultimate rule for all students. One should never stop studying to reach incredible results and see a better perspective.