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

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

#91
post #64

Earlier quoted context omitted.

I recently found pirateship and it is indeed significantly cheaper than retail shipping prices. I told my mom about it and she refused to believe it isn't a scam!

How does pirateship work? Where do the savings come from if they're still using USPS under the hood?

I believe they just get a commercial rate from the USPS and they add a small percentage onto each transaction for themselves to make their money.

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

#92
I built an in-browser 3D world for life coaches so they can create better experiences for their communities. Audio & video chat in a game-like world, where exploration and socializing is for health, happiness, and personal growth. We're averaging about $400/mo right now through customizing worlds and building features as requested.

https://www.relm.us

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

#94

I'm a SWE turned diy biologist and among the services I offer is bioprospecting for biotech startups. My most recent client hired me to gather soil samples from different biomes and running assays from my home lab to determine if there are any enzyme-producing organisms of interest.

Do you have an automation process? I've always been curious about how much of the bio-worlds testing could be automated.

Quite a bit of it. Opentrons is a good place to start if you’re thinking about it.

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

#95
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 projects that I am hacking on after work

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

#96
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.

You could say I’m “wasting energy” for “monopoly money”, but that monopoly money gets converted to fiat dollars, which I use to pay taxes and feed my family passively while I’m at my actual job, or sleeping. If instead of mining I were to work a labour intensive job as a side-gig, moonlighting, driving there, how much more or less energy would that “waste” on gas? At least I’m recycling my exhaust heat into heat for my home and not using the natural gas line of my house in the winter.

You’re not wrong, and I’m not saying other actual side jobs waste more energy necessarily, but the gap may not be as large as you think.

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

#97
post #87
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…

Can you ELI5 how making small amounts of money in crypto works? I thought it was a "winner take all" kind of arrangement where whomever solves the "puzzle" (for lack of a better word) first gets all the bitcoin as a reward, until the next block is up and ready to be solved. You're talking about making $100 a day - a very tiny fraction of one bitcoin - how does that work?

Barely anyone mines alone. You join a mining-pool, so your hashrate gets added to that pools hashrate. When the pool finds the next block, everyone gets a share proportional to their contributed hashrate

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

#98
post #64

Earlier quoted context omitted.

I recently found pirateship and it is indeed significantly cheaper than retail shipping prices. I told my mom about it and she refused to believe it isn't a scam!

How does pirateship work? Where do the savings come from if they're still using USPS under the hood?

They use Cubic pricing which Usps offers to high volume customers.

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

#99
post #87
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…

Can you ELI5 how making small amounts of money in crypto works? I thought it was a "winner take all" kind of arrangement where whomever solves the "puzzle" (for lack of a better word) first gets all the bitcoin as a reward, until the next block is up and ready to be solved. You're talking about making $100 a day - a very tiny fraction of one bitcoin - how does that work?

You can contribute mining power to a large network of miners and get a percentage of the profits. They are called mining pools. These exist for virtually all currencies. Here's a list for bitcoin: https://www.buybitcoinworldwide.com/mining/pools/
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