How much money would it take to meaningfully change your life?

alpo

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Crypto mining and staking. I was a bit off in thinking I'd only need $50,000. More like $63,000, give a take a few thousand.

Helium mining: Estimated investment needed: $9200 for x20 hotspots @ $460 a piece. Minimum expected annual return: $108,000 (if the price of Helium is at $15...I expect it to increase beyond $15).

MXC mining: Estimated investment needed: $31,000 for x10 M2Pro miners. Minimum expected annual return: $36,000.

Ravencoin mining (x48 Radeon 580 8GB): Estimated investment needed: $22,080. Minimum expected annual return: $27,720 (higher if I still have time to mine ethereum).

I'd go from making about $40k a year to almost $172k. Most of my crypto wouldn't be sitting idle either. I'd likely stake a significant portion of them.

This is all would be mostly passive income.
:ohhh::ohhh::ohhh:
 

Darealtwo1

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Crypto mining and staking. I was a bit off in thinking I'd only need $50,000. More like $63,000, give a take a few thousand.

Helium mining: Estimated investment needed: $9200 for x20 hotspots @ $460 a piece. Minimum expected annual return: $108,000 (if the price of Helium is at $15...I expect it to increase beyond $15).

MXC mining: Estimated investment needed: $31,000 for x10 M2Pro miners. Minimum expected annual return: $36,000.

Ravencoin mining (x48 Radeon 580 8GB): Estimated investment needed: $22,080. Minimum expected annual return: $27,720 (higher if I still have time to mine ethereum).

I'd go from making about $40k a year to almost $172k. Most of my crypto wouldn't be sitting idle either. I'd likely stake a significant portion of them.

This is all would be mostly passive income.

Wait this very interesting....I have 63k on the side right now

:patrice:

Wait you'll be making 172k a year off this shyt in 2 years?

You sure about this/
 

CarbonBraddock

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Crypto mining and staking. I was a bit off in thinking I'd only need $50,000. More like $63,000, give a take a few thousand.

Helium mining: Estimated investment needed: $9200 for x20 hotspots @ $460 a piece. Minimum expected annual return: $108,000 (if the price of Helium is at $15...I expect it to increase beyond $15).

MXC mining: Estimated investment needed: $31,000 for x10 M2Pro miners. Minimum expected annual return: $36,000.

Ravencoin mining (x48 Radeon 580 8GB): Estimated investment needed: $22,080. Minimum expected annual return: $27,720 (higher if I still have time to mine ethereum).

I'd go from making about $40k a year to almost $172k. Most of my crypto wouldn't be sitting idle either. I'd likely stake a significant portion of them.

This is all would be mostly passive income.

can you explain this process? what does it mean to mine and and what is a hotspot? how does it make you money?
 
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bruh, how do you get into crypto? Point us in the right direction.

:feedme:
Sources I recommend you check out for Helium:

Helium – Introducing The People's Network
Helium Explorer (check your area or any city/town to see where hotspots are deployed): Coverage Map — Helium Explorer
https://www.reddit.com/r/HeliumNetwork/
Join the Official Helium Community Discord Server!
Youtubers: Crypto Gossip (best of the bunch for Helium and MXC news), Crypto Layman, Tactical Investing, Voskcoin.



Best sources for MXC:

Official MXC Discord server: Join the MXC Foundation Discord Server!
Voskcoin (has a pretty active MXC channel): http://voskco.in/discord
Youtubers: Crypto Gossip and Voskcoin



For crypto mining in general, especially for "proof of work" based cryptos, these are my favorite channels: Voskcoin, Son of a Tech, Red Panda Mining, Brandon Coin, and The Hobbyist Miner (The Hobbyist Miner is great for newbies like myself, because he only started mining a few months ago).

This site shows you your daily earning potential with various gpus or computer graphics cards: WhatToMine - Crypto coins mining profit calculator compared to Ethereum

General Sources:

Coin Gecko (good for keeping tabs on the current price of a crypto and learning what exchange it can be bought/sold/traded at): CoinGecko: Cryptocurrency Prices and Market Capitalization
https://www.reddit.com/r/CryptoCurrency/
The Gentleman of Crypto (good M-F daily show discussing the crypto news of the day): https://www.youtube.com/c/KRBECrypto/videos
Decrypt Daily podcast (can subscribe via your podcast app of choice): The Decrypt Daily: Bitcoin/Cryptocurrency Podcast
 
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SwizzLake

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honestly just 50,000

but since this is the coli 3 million
We both live in Toronto breh, 50k is not even enough for a down payment to a 1 room condo, downtown.

I'll be comfortable with 500k tax free, I can make moves after that.
 

RareHunter

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Crypto mining and staking. I was a bit off in thinking I'd only need $50,000. More like $63,000, give a take a few thousand.

Helium mining: Estimated investment needed: $9200 for x20 hotspots @ $460 a piece. Minimum expected annual return: $108,000 (if the price of Helium is at $15...I expect it to increase beyond $15).

MXC mining: Estimated investment needed: $31,000 for x10 M2Pro miners. Minimum expected annual return: $36,000.

Ravencoin mining (x48 Radeon 580 8GB): Estimated investment needed: $22,080. Minimum expected annual return: $27,720 (higher if I still have time to mine ethereum).

I'd go from making about $40k a year to almost $172k. Most of my crypto wouldn't be sitting idle either. I'd likely stake a significant portion of them.

This is all would be mostly passive income.

What is Helium mining bro. I have to know. I looked up and google keeps showing helium and balloons.

U need 9K to get in? And why would u make 108,000 minimum/year? Also is this a sustainable play?
 

RareHunter

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100-200k and grind for the rest

pay off all my debt, buy a crib, and have FU money left over when i get tired of my job and be able to chill until i find a new one plus i can trade options and invest like i really want to

FU money with 100K?
 

ConPHIdential

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Sources I recommend you check out for Helium:

Helium – Introducing The People's Network
https://www.reddit.com/r/HeliumNetwork/
Join the Official Helium Community Discord Server!
Youtubers: Crypto Gossip (best of the bunch for Helium and MXC news), Crypto Layman, Tactical Investing, Voskcoin.



Best sources for MXC:

Official MXC Discord server: Join the MXC Foundation Discord Server!
Voskcoin (has a pretty active MXC channel): http://voskco.in/discord
Youtubers: Crypto Gossip and Voskcoin



For crypto mining in general, especially for "proof of work" based cryptos, these are my favorite channels: Voskcoin, Son of a Tech, Red Panda Mining, Brandon Coin, and The Hobbyist Miner (The Hobbyist Miner is great for newbies like myself, because he only started mining a few months ago).

This site shows you your daily earning potential with various gpus or computer graphics cards: WhatToMine - Crypto coins mining profit calculator compared to Ethereum

General Sources:

Coin Gecko (good for keeping tabs on the current price of a crypto and learning what exchange it can be bought/sold/traded at): CoinGecko: Cryptocurrency Prices and Market Capitalization
https://www.reddit.com/r/CryptoCurrency/
The Gentleman of Crypto (good M-F daily show discussing the crypto news of the day): https://www.youtube.com/c/KRBECrypto/videos
Decrypt Daily podcast (can subscribe via your podcast app of choice): The Decrypt Daily: Bitcoin/Cryptocurrency Podcast



This was a good post. Surprised we don’t see you in the crypto thread.
 
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