i would like to point out that there is another option, passive income like rooms/apartment/anything for rent produces current too just a different kind of current called currency $$$ that currency can get you coins thru exchanges or run your rigs thru the electric company by sending them $$$.
here is a food for thought, the biggest mining farm--> federal reserve, they can print 4000$ cash for just around 3$ cost...just 3$ for 1 BTC...even cheaper, just typing 4000$ in a computer, that's just cents in electricity and efforts for 1 BTC
hehe
The "passive income" thing can work, but it does have costs and needs a LOT of investment to generate significant income.
My maternal Grandparents went that route after Grandpa retired - but they had fairly close to $1,000,000 to work with between Grandpa cashing out his "employee stock purchase" plan, them selling their (fairly small) farm, etc.
You can get started with quite a bit less than that though - but it's a case of "more investment = more income" and is pretty close to linear in a given area.
The Federal Reserve Bank does NOT print money - that's the US Treasury Department via the US Mint(s), and they also turn metal into money (but sometimes at a LOSS on that, pennies in particular the material cost has been higher than 1 cent for a LONG time now).
different countries different economic scenario, from where I am a 65,000$ can purchase a lot that you can lease at ~500$ a month, any improvements will increase the passive income from 500$ to above that..but surely you have to shift though shitcoins in real estate, sometimes you might get lucky.
renewable energy=nature
passive income=humans as battery, paying you money which is convertible to almost anything.
look at phil's thread on the second solar farm, i think what people will commonly overlook is the warehouse owner has a cut in profits hehe
yes we have 520th btc and 8gh ltc
but only 260th is mine and buysolars
and only 8gh ltc is mine and buysolars
split again
I have 130th of btc mining for free from now on.
I have 2gh of ltc mining for free from now on.
that is 644usd in btc for free
that is 375usd in ltc for free
that is 1059usd for me in coins for free or after spilts. each month.
not getting rich on this.
but the solar has big upsides in NJ
so big we will be doing a bigger setup soon maybe 2x or 1.5x
so my 1059 would get 1500 or 2000 more.
and with the splits the way they are structured my power cost fear/risk goes by by.
And I hodl most of that coin. just like I do with BCI.
I am hoping for 1 good run in the next five years. I can keep on doing what I am doing cause it always makes some money. One good run and it becomes serious money.