I'm asking this question seriously, though I'm going to qualify that by saying that I'm not planning on doing anything like this. It's just a fantasy of mine, and the question very much has to do with economics, i.e., it basically has to do with economies in various parts of the world and the cost of living.
Let's say a few of the Chipmixer crowd wanted to escape whatever tyranny they were living under in their country or countries (I picked that campaign because I think it's the highest-paying one, but correct me if I'm wrong). We'll assume for the sake of argument that the campaign is going to continue indefinitely and that each member (let's say five in total) make the maximum number of posts per week, earning $300 worth of bitcoin in the process. Let's further assume that these Chipmixer snobs demand only the best--Havana cigars, a large dwelling with a decent amount of land and no neighbors, a wine cellar (to be filled), and all the illicit and legal substances their cadre of well-endowed women can procure. And a lawyer on retainer.
My question is whether there's any place on earth where $1500/week could allow five roommates to live very comfortably--perhaps not as boss-like as I described above, but maybe at least the big house and property.
So I'd love to know how far campaign earnings ($1500 per week for 5 people in my example) could be stretched. Are there actually places out there where one could not only survive but thrive by earning bitcoin on the forum?
When it comes to a place you wish to enjoy your earnings, Nigeria might just be the best for you. Nigeria is the sort of country where the rich gets to merry as they won't and the poor gets to suffer. Everyone tends to accord respect to the wealthy class and there are some pretty much wealthy people in the country. I don't know why you choose to live in a household of 5 roommates but with an earning as much as $300 a week, your directly at the middle class in respect to social stratification and that's all you need for a stable lifestyle in Nigeria. In fact, there are very few professionals in there field that could be boastful to earn as much even with all there certificates. Anyway, let's go down to it.
DWELLING (HOME/APARTMENT)Houses in Nigera as per rented property and that excludes the property, just an empty house let's say, a 5 bedroom apartment would cost you as much as #2million = $3,483 =
BTC0.115. This sort of apartment would come with a minimal packing space for at least 2 vehicles and would be within an estate environment with proper security, light and water supply. Mind you, you don't get to pay for water supply or packing space. Just security and the light supply. The light supply would be prepaid meter and that means, you pay as you consume of which, it would be relativelys stable to about 17hours of daily light supply. Its also necessary to own a backup electricity generator. Every other amenities within your household from water to cooking gas is self provided and no tax on it. Current cost of cooking gas is about #750 = $1.2 =
BTC0.000042 per kg.
Your household furniture's are self provided, with each subject to your test and mind you, Nigeria dont produce no technology and as such, the price abroad + import fees + profit levied on goods, which is sellers specific gives us our selling price. You can as well buy and come with it from there and you get to pay for the shipping fee and clear with custom officers down here.
FOOD (DDISHES)When it comes to food, we've got our local dishes and that you might not be used to but, they are very nice. If your one that loves trying new stuff, you can taste out some continental dishes over there, once particulate with Africa and you would have an idea on what to expect. Our food source is largely, starch, protein and vitamin and mineral salt. We've got some agro based produce too like the pumpkin, watermelon, carrots, garbage, onions bulbs e.t.c.
Pizza is also available and a mega size sells for #5,000 = $8.4 =
BTC0.00028 and this is relative to the amount you can get for a good meal per head in Nigeria. Mind you, it ranges below and can be higher based on the restaurants or hotel for which one choses to eat. With common drinks like Coca-Cola or other soda drinks. Should you go for Chivita fruit juice, it cost as much as #1,000 = $1.66 =
BTC0.000055. Exotic wines are subjective and mostly imported stuff. So prices applies as stated earlier on imported goods.
MOBILITYOwing your own car is much better, you only get to fill it with gas and that costs as much as #170 = $0.28 =
BTC0.0000095 per litre. The duration and how many litres to go for a day is relative to where ever you are. The difference is in price and traffic experienced while journeying.
OUTING/PARTYINGYou've got 2 choices. You either get to go out to clubs or you do whatever at home and your very much free within your own domain. There are not much rules as to how loud you can get, especially on an eventful day. The cost is entirely based on you as to how wasted you want to be.
Note: All calculations where done based on prevailing price in the market and dollar to naira exchange rate which goes for about $1 = #593 and Bitcoin price to be
BTC1 = $30,374. Also, all calculations for food and outing/partying was done on individual bases. The rest is relative as such being roommates.
Hope it helps. Thank you!