TIL How Kane Ellis Started Mining Bitcoin In 2011 And Became A Millionaire Without Investing Any Money

While looking into crypto mining an article about a guy named Kane Ellis caught my eye. he started mining Bitcoin in 2011 and became a millionaire without investing any money. Here’s what I learned:

In 2011, Kane Ellis, an 18 years old high school dropout, was working with computers in IT. One day he found out how you could mine cryptocurrency on a computer.

Kane saw this as an opportunity to earn some extra income while still working his regular job. Not really knowing what bitcoin was exaclty, He set up his computer to mine it.

At first, he earned only about 4 bitcoins each day, worth just $8 back then. It was neat, but he didn't realize what a good decision this would turn out to be.

About 6 months in, he started to realize that Bitcoin would play some role in the future. And he held on to his coins!

Now, Kane is very successful. He co-founded CarSwap, an online place to buy and sell cars. He's also still invested into crypto and his net worth was $12million in 2022!

Fun fact: Kane once paid 4 BTC for a meal at McDonals. Imagine what that would be today.

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