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Ask HN: Those making $500/month on side projects in 2021 – Show and tell

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321–330 of 866 posts

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#321
I've been working on Remote Leaf[1] for a while now and it's making about $2k/month(OpenStartup[2]), while I'm still doing my job. Planning to approach remote employers to feature their company profile/jobs starting from 2022.

Site: https://remoteleaf.com

Open Startup: https://remoteleaf.com/open (need to update this page with latest stats)

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#323
post #222

I stake and lend cryptocurrency (stablecoins and blue-chip coins) on lending protocols and exchanges, and am at around $500 a week. Not really a side-project per-se, but I do quite a bit of calculation on ROI, where to move what share of my funds to, and occasional yield-farming strategies so it does take a up a good bit of time The goal is to have that stable enough so that I can quit and focus on my actual side pro…

How much are you staking to get that kind of return?

Don't want to share the exact amount but for stablecoins you can get 8-12% APR and that's as 'safe' as it gets without having to deal with price fluctuations. So if you were to convert $100k savings into stablecoins, you'd have a return of $230 per week (100000*12/100/52)

For yield farming you are dealing with higher risk, but you can easily get 50%+ APY on liquidity pools, compare that with the 12% above and it's not too hard to get to $500 a week

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#324

My Patreon makes >$100/mo. Currently sitting at $100. https://patreon.com/shawwn I figure since people are posting things making many times the $500/mo threshold, I should post something making many times less. :) It's actually pretty cool to just wait a few months and come back to a stash of money. Bought a Quest 2 the other day and didn't give it much thought, partly because of little eggs like this. The effort to…

In that spirit, search.marginalia.nu makes me about $70/month. Hardware investment is about $4-5k, plus a few hundred hours of development time. It was never intended as a means of getting rich though, so I am very grateful for the support.

Cool! I tried a search for something I’m currently interested in and the result was surprisingly better than Google! Love it!

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#325

600$ a month from my open source project ( https://github.com/mickael-kerjean/filestash ) whose idea came from the infamous HN launch of Dropbox ( https://news.ycombinator.com/item?id=8863 ). I made that cool frontend for FTP server with an interesting twist as I've abstracted: 1. the backend storage: meaning it connects to a wide range of existing storage like FTP, SFTP, S3, Dropbox, ... 2. the authentication layer:…

> Most of the money comes from companies who needed various degree of customisation and support or didn't want to host on premise. How did you go about customer acquisition?

seo and specifically creating online tool for niches like "ftp online", "sftp online", "s3 client online" and referral from existing customers who share the product with others.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#326

I designed a healthier men's dress shoe and was able to gain close to $100K in preorders in a Kickstarter this past September; https://www.kickstarter.com/projects/oaka/oaka-the-worlds-he... . Hopefully it doesn't stay a side project for too much longer, fingers crossed.

how did you market this and get backers on your kickstarter?

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#327
post #70

Earlier quoted context omitted.

I'm sorry to say you're seeing the future in tea leaves, but I guess you're learning some stuff along the way.

I think that trading is ultimately a creative endeavor and no matter how one trades whether it's based on phases of the moon or insider information, one needs to know when they are entering and exiting the market. Trading is an incredibly fun and creative endeavor and as long as one takes the time to precisely define what they are doing, it is great <3

Strange, I would have thought the stock-market would be the opposite to a creative endeavor. Can you expand on how that works for you?

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#328
post #45

I mine cryptocurrency and make about $110/day. I have two L3++s, an AvalonMiner 1246, six RTX 3080s, an RTX 3090 and a couple older cards. It more than pays for the mortgage, and after electricity (residential rate) my profit is about $100/day. I also have the GPUs in a grow tent (designed for growing marijuana) with an 8 inch in-line fan hooked up to the supply of my home’s HVAC system. I’m heating my whole house wi…

I hate what you do (the very idea of all those KWs going to solve sudokus to get monopoly money) but at the same respect you. In the end if someone buys, why not sell.

This is a common opinion but I think many miss the purpose of proof of work. You get compensated for making the network more resilient. Other systems do this to a lesser extent with a combination of proof of stake and validated, but at a tradeoff of being less decentralized. Ultimately this is a necessary cost for developing the technology, and cryptocurrency & tokenization are necessary to facilitate a more decentralized internet. It’s unfortunate this has begun to take off while we are still in the process of transitioning to green energy, but that will happen soon and generally speaking miners are doing it faster than the rest of the economy. Negative environmental impacts of crypto are because of bad government energy policy, not the technology itself.

As far as it being “Monopoly money”, >40% of US dollars were created since the start of the pandemic. Yes, there’s a lot of technical details there and most of that money isn’t “in circulation” and many would argue that the way this is being done shouldn’t be inflationary, but it’s never been done at this scale and we do have the worst inflation in 40 years so it may be a contributing factor. Contrast this with Bitcoin which has a fixed known supply, or other crypto currencies or tokens which may exist primarily for their utility, and IMO “Monopoly money” isn’t a fair characterization. Even BTC which has little in terms of “utility” can be used to move money equivalent to billions of dollars a far lower cost than the traditional financial system so it has its advantages.

At least blockchain related technologies enable new use cases, IMO it would be more fair to blame something like Electron and inefficient web technology replacements for native apps for being inefficient and wasting energy. But I wouldn’t do that either, it’s silly. The people making software don’t control energy policy and that’s the real issue.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#329
post #196

Earlier quoted context omitted.

That’s a $30,000 rig at least. So 300 days of mining before you just break even. I’m sure that in 300 days it will only be able to mine a fraction of what it does now due to increasing difficulty. I’m not seeing how this truly works out.

This ends when ETH2 arrives.

It shouldn’t really matter, my understanding is that generally you’re running software that automatically mines the most profitable coin for a pool and get your profits in BTC. So as long as there is demand for GPU miners for something there’s profit to be made.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#330

Forward Email is doing several thousand per month now just one year in. Site: https://forwardemail.net Open Startup: https://forwardemail.net/open-startup

I was recently looking for an email forwarding service to use for a few months, initially I was searching Github for a decent OSS project that could do this for me, which is when I found your repo for Forward Email. The repo code was exactly what I was looking for, but after browsing your site and noticing how open and transparent it all was, I was instantly sold and bought the Enhanced package.

So ultimately, your open source code and business transparency[0] is what convinced me to pay instead of self-host.

Thank you for making it.

[0] https://forwardemail.net/en/open-startup

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