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

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191–200 of 866 posts

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

#191
I created a game wiki site ten years back. I started optimizing it for SEO this year, and am about to pass $900/month. My goal is $1k/month. It's super passive and I don't do much.

Tech stack: Static site hosted on S3 (less than $1 a month) and Cloudflare for CDN.

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

#192

I bought a coffee farm in Colombia. Annualized it makes around $800 / month and growing. Should double to $1600 / month next year as we’ve doubled our production. It’s barely profitable, but is profitable nonetheless. The more we plant the more profitable it will get, and we’ll be planting 10,000 more trees soon!

Is that $800/month profit or revenue? I'd expect it to be profit, but I don't think farms and food make that much in the first place.

Either way, congrats! It sounds like a lovely side business.

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

#193
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…

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.

You are grossly overestimating the depreciation of mining hardware. It’s pretty common to have well maintained mining rigs and farms that last several years. Also, it’s a common strategy to sell mining hardware at or near ROI time to essentially double your initial investment.

Coincidentally my GPUs have not only paid for themselves and then some, but I could sell them used now for more than I bought them for. I’m lucky in that respect.

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

#195
Open Source Hardware!

Specifically a USB Oscilloscope:

https://espotek.com/labrador

Sell maybe $1k/mo of these through the website and another $3k through Amazon at a margin of around 50%.

The biggest things that I see a lot of people get wrong in the hardware business is the importance of manufacturing and logistics. It doesn't matter that you're constantly producing new and improved revisions of your board if you're out of stock all the time and overseas customers have to pay extra for shipping.

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

#196
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…

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.

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

#197
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…

My 3080 paid for itself, but I stopped once I hit that threshold due to the ethical concerns I have about the negative environmental impact of proof-of-work mining.

The community is not very trustworthy, but the software is actually really straightforward once you figure it out yourself.

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

#198
post #152

Earlier quoted context omitted.

I just make sure that I will net $20 before I commit to purchasing an item from the thrift shop. This is: final eBay sale price - eBay fees - shipping // unless you have the buyer pay actual shipping costs - the cost I paid for the item -------------------------------------- my net profit (hopefully more than $20 for my time and effort) last week this happened: two refrigerator filters new in package ($3.99 each) - s…

How are you tracking everything for taxes?

Looks like 2021 and earlier, there's a cap of $20,000 before you need to report to IRS using Form 1099-K. Assuming the author is from the US, they may have stayed below this limit and not needed to report. However, beginning in January 2022 the limit is dropping down to $600 before needing to be reported using Form 1099-K.

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

#199

I work in a large corporate/enterprise company doing marketing/tech work. Started dabbling in freelance consulting/paid interviews and found I can easily get in the $500-$1,000/hr range. So, been doing a few sessions a month and earning a couple thousand in extra cash. Not bad and met some interesting folks/companies in the process!

How do you get around conflict of interest disclosures in your main job?

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

#200
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.

Mining ERGO and RVN are profitable also!
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