Kane Ellis: Teen tech worker turned Maserati owner
In 2011, Kane Ellis was an 18-year-old high school dropout working in IT when he learned how to mine cryptocurrency.
The Australian teen set up his computer to mine — essentially using computers to help verify and process transactions for the blockchain — thereby playing a small role in facilitating the growth of the crypto network.
All while he kept working at his day job.
He said that when he started, he earned only about four Bitcoins a day, then worth about $8.
“I got in it from the back-end side of things, not the investment side,” he said. “I just realized that my computer could make me an income.”
“When I was 18, obviously I thought this was cool for the profits, but then about six months into it, I realized this could be the future.”
He’s used his profits to purchase exotic cars, including his prized ride: a Maserati GranTurismo. The license plate jokingly reads BANKRUPT. “As a car guy, being able to buy my dream car like the Maserati MC Sportline at the age of 24 was a massive achievement,” Ellis said.
His advice to investors: “Hold your Bitcoins. Don’t go into it thinking it’s a short-term investment, because realistically it’s a long-term one. Two, five, ten years.”
