My little hardware book, Computer Engineering for Babies launched on Kickstarter a few months ago and blew my mind by raising almost $250k. It’s a simple book with buttons and LEDs to demonstrate different logic gates. I just shipped out the first batch of books a week ago and now waiting for the next batch of books. It’s gotten pretty demanding pretty quickly but I’m really excited about it. I’m hoping I can soon em…
Ask HN: Those making $500/month on side projects in 2021 – Show and tell
131–140 of 866 posts
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#132I 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…
Nice thats a lot of profit! Is there a “catch”? Are you getting super cheap electricity. Whats the depreciation like on the gear per day?
- Where is the heat going? Are you exhausting it out the window? Are you going to burn your house down? - How are you distributing power? Are you using a PDU and a 240V 30A breaker or are you maxing out several 15A 120V lines? - Is the humidity dropping rapidly to dangerous levels, risking shock? Are you going to fry that brand new $10,000 ASIC miner because you dried out the air too much? - Did you short out the GPU pins removing a GPU from the socket? Did you just cost yourself thousands of dollars?
Safety is important not just for yourself and family but you need the hardware to actually survive. If you have a bunch of 3090s that just finally reached ROI 9 or 10 months in but the cards themselves just died, you’ve effectively broken even after all that effort.
Surprisingly GPUs are quite resilient so long as you’re not massively overheating them, and you open them up every now and then to replace the thermal paste and perhaps thermal pads. I have a monitor visible at all times that displays all the temperatures, and I have one eye on a humidistat making sure I don’t suddenly drop below 30% relative humidity on an unseasonably dry day.
There are lots of resources available. If you’ve ever built your own PC you already have like 80% of the knowledge you need.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#133My 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…
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#134Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#135It could probably be higher, if I were any better and/or more persistent about marketing, but right now I'm focusing on the last two releases I have scheduled on the roadmap before releasing "1.0" (easy scripting and an easy deploy system), then I'll switch much harder into marketing for it.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#136Not me but my wife started an Etsy store during COVID to sell the art she was making. She now does custom watercolor house portraits and has a variety of prints for sale as well. https://www.etsy.com/shop/UrbEmSketches
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#137I own 4 shares in the S&P 500. I developed trading strategies to sell my shares and buy them back at key points using Fibonacci retracements. Best business ever. And if I leave it it still makes money. I’m nowhere near $500/month but learning to trade simply has taken me years and I’m very proud of my smol accomplishment.
How long have you been actively buying and selling? How often do you "lose" (meaning, you bought and it goes down, you've sold too early, etc?)
But, at the end of the day, I have not lost money. I have only made money even though it is a TINY TINY amount. I'm talking like dollars.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#138My clone of OhLife called https://ahhlife.com has been making over $500 per month for years now. Daily journal, handled by replying to a prompt email. Marketing is all word of mouth and an occasional mention like this one on HN. Server costs are stable, no maintenance or new features needed, and only a few customer service requests per year.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#139I 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.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#140I 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…
Biggest question that comes to my mind - if you can make this profit so consistently, why not triple your rig? Or even x10, or x50?