You need 32 ETH to stake in Ethereum. That's a fact. That's $100,000 capital.
Even if you make 12k a year from staking max staking returns, you need 32 times that? So these kids have 3.2 million? If this is pure mining, it's still nonsense because someone pays the bills and runs the machines. Kids go to school:)
This is the most plausible reply i found on this thread, how come the kids making $32k monthly ?
As a miner, i have some knowledge about mining. If they can make 32k monthly, then how many cards are currently being used?
The more they generate the coin, the more the cost they need for the capital and the electricity bill.
See this mining calculator if we want to calculate how much the equipment cost if we want to get 32k income monthly :
https://www.coinwarz.com/mining/ethereum/calculatorThe news (
https://finance.yahoo.com/news/14-9-years-old-making-165453877.html) is not make sense as well because usually miners are mining ETH with ASICs nowadays, while the kids are mining with the graphic cards and making $32k month.