[Journey] Cryptocurrency Trading & Mining Sidehustle - Sharing My Journey

Last year I built DIY Ethereum mining machine at home, for fun. One of my friend gave me used graphic card, 1080 TI and used mother board so I ordered rest or other parts online, and build mining machine. My friend bought 3080 graphic cards, 2k per each and built mining rig at home. If you use 3080, you can only put 4 graphic cards on 1 mining rig because one of cable is discontinued - can't connects all 5. Last month I wanted to build mining rig with 3080, but graphic card was way over priced so I gave up. ($3600 now) But it was fun to do mining

Coins are down now. If anybody wants to purchase, use today's dip.

Enjoy. Use this dip.

theeyeinside said:

Glad to see you doing this Doctor Ron.

You already know that when "The Merge" happens in June, ALL ETH MINING STOPS, so you should
think about what you are going to do then. Don't invest money in GPUs. They will be dirt cheap on eBay
starting in April or May. All GPU mining after that will pay alot less than Eth.

You should consider "yield farming" that $5K a month you get from that blog.

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You might also consider buying a few assets and staking them to make yield on Star Atlas, a video game.

Buy a few space ships and stake them. The return these days is around 100% APR.

Stay away from "art" NFTs that I still can't figure out why anyone wants them.

I think the video games (if interesting) will continue to increase.

Sincerely,

The Eye

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Hey, this is GREAT information. Thanks for sharing. I have been learning about Yield Farming. As far as I can tell, you simply "stake" or park your coin into a wallet that pays you interest for a set period of time. What is causing me problems is the need for all the different wallets and platforms to buy/sell currencies. I basically pulled everything out of CoinBase because there were a lot of things I could even buyt there. I moved my stuff over to KuCoin because I can buy a lot of stuff there but still not everything. I'm blocked from Binance because of where I live, which kills other options.

Do you have a source I can study for yield farming to shorten my learning curve? I'm not opposed to adding that to this journey as I go along.

I was just sitting in my car waiting for my kids to get out of cheer practice at school. I stumbled across a youtube video explaining how to use Amazon FBA to sell stuff you buy on sale at Walmart. I couldn't help but post how old school this methodology is. I mean, FBA came out in 2006. It went virtual with stuff like Profit Scraper ten years ago and here we are, still making videos on how to manually go shopping and buying clearance items to sell through Amazon FBA.

Me personally, I would rather jump into this newer technology and start yield farming or day trading crypto. There is too much new technology out there to still be talking about selling on Amazon with a method from 2006.

Thanks for teaching me about The Merge. I had to go look that up.

Kintsugi has a dedicated landing page for testers; more information about using this public testnet can be found in the documentation. Ethereum developer Tim Beiko (who CoinDesk named one of the most influential people in crypto for 2021) offered a detailed breakdown of how Ethereum itself will operate after The Merge in an October blog post

"At a high-level, at The Merge, clients will switch from following PoW to following PoS to determine Ethereum's latest valid block," Beiko said. "Aside from that, most of the clients' functionality, and, more importantly, the EVM, its state, and how it executes transactions, will stay the same. [...] Post-merge, the current Eth1 and Eth2 clients respectively become the execution and consensus layers (or engines) of Ethereum. This means that node operators of either Eth1 or the Beacon Chain clients will need to run the 'other half' of the stack to have a fully validating node."

Back to the hassle... I'm trying to check out the game you mentioned, Star Atlas. In order to even check it out, I have to download a new wallet. Fund the wallet...which requires ID Verification again, and apparently buy SOL. I already have three other wallets. Why can't they all work together and come up with, like, three wallet versions and stop there?

How much is Star Atlas going to cost to play, at a basic level?

jackteam said:

Coins are down now. If anybody wants to purchase, use today's dip.

Enjoy. Use this dip.

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yeah, I'm going to wait to buy the dip....because the dip keeps dipping...

I pulled out all my coins. Nothing had been in more than a few days. I lost about $300 total pulling out but the market has gone MUCH lower since then.

I always see the people who post "HODL" and "don't dump" but in my mind, If I can get out and sit while the price spirals down, I can jump back in at the bottom with more of my money in my wallet.

Of course you never know what bottom is...but I jumped out with BTC at $36,167 and as of now, it's at $34,300. It has bottomed at $29,000 on two previous occasions. I have set alarms to notify me each time it drops another $1,000.

Big Ron said:

yeah, I'm going to wait to buy the dip....because the dip keeps dipping...

I pulled out all my coins. Nothing had been in more than a few days. I lost about $300 total pulling out but the market has gone MUCH lower since then.

I always see the people who post "HODL" and "don't dump" but in my mind, If I can get out and sit while the price spirals down, I can jump back in at the bottom with more of my money in my wallet.

Of course you never know what bottom is...but I jumped out with BTC at $36,167 and as of now, it's at $34,300. It has bottomed at $29,000 on two previous occasions. I have set alarms to notify me each time it drops another $1,000.

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It'll drop a fair bit more, we're likely in for a recession in the US, if that happens we will likely see BTC under 10k. If no stocks crash / recession I'd expect bottom to be around 20k after rate hikes + tapering.

Update: I pulled my money out of six currencies while BTC crashed a few days ago. I've since put my stash back into BTC once it appeared to be reversing from bottom.

I'm currently up a whopping $75 thanks to jumping out and back in during the dip.

On mining, I noticed on CudoMiner that in order to withdraw my mined coins, I have to have a balance of $200 USD. Since my mining is only yielding about $30/mo, it's going to take a while to pull that out. Nevertheless, I'll keep it running in the background. I mean, it's free money...but only if I can get it out someday

spectrejoe said:

It'll drop a fair bit more, we're likely in for a recession in the US, if that happens we will likely see BTC under 10k. If no stocks crash / recession I'd expect bottom to be around 20k after rate hikes + tapering.

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Still expect to go to $20k or lower in BTC?

Big Ron said:

Still expect to go to $20k or lower in BTC?

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30-32k minimum. Probably low 20's/high 20's if in my opinion.

But it depends a lot on stocks, seems to be following stocks, however it wont be able to follow sll the way up if stocks continue going hp theres not enough volume for that. Likely we will have a massive drop again sooner or later