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How to mine ethereum: A 25-year-old who pays $42 a month in exchange for half an ether monthly explains how he does it- and an expert breaks down the impact of the blockchain's recent upgrade on...

How to mine ethereum: A 25-year-old who pays $42 a month in exchange for half an ether monthly explains how he does it- and an expert breaks down the impact of the blockchain's recent upgrade on...

Grant Mitterlehner, CEO MittGroup and Mitt Blockchain
Grant Mitterlehner




Grant Mitterlehner hosts his ether miners with a company that only charges him $.04 per kilowatt.




As a result, he pays about $42 a month per miner and earns about .47 ethers a month.




But margins may shift depending on how miners are impacted by Ethereum's network upgrades.




See more stories on Insider's business page.


Grant Mitterlehner started his career off with a bang. After dropping out of college, and at only 24 years old, he became the founder and CEO of MittGroup, a renewable energy firm focused on residential solar panels. He's been an avid promoter of clean energy - and cryptocurrency. He first learned about ethereum back in 2017 when crypto started becoming mainstream. Bitcoin was the main headline grab while ethereum was the second-most discussed crypto. Once he realized the use cases ethereum's blockchain brought to the table, he knew it was here to stay and began seeing it as an amazing long-term investment.
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