Anyone looking for other sources of income? When/if eth goes pos profits will be garbage. Chia looks bad, I have 205 TB and my plotting is slowing increasing my revenue but its not going to be worth expanding if the network growth continues. 14TB makes $5 a day which is great but I'm assuming that will go down fast. Defi looks like an avenue no overhead but high risk. I'm taking the revenue I would use to expand mining and using it for DeFi, pancake swap and I'm learning as I go.
If you have BTC or tether or USD on exchanges you can lend those and get some %'s. Currently the fees aren't the greatest. But if you wait until the market gets more bullish they should improve. Many exchanges like Binance and Gemini allow this.
You can always sell the futures and long the spot if you got any fiat or tether. However pulling up BTC December futures its only 4% while ETH December futures is 5%. So its 7 months and you would get 5% so almost 10% a year, better than a savings account.
With this there is always some form of counterparty risk because you need to leave maybe 25-50% collateral on the exchange to prevent being liquidated if ETH or BTC goes up too fast.
when bear market season is in full blast, all of this will be unprofitable. always look for sources of income outside crypto. if you are lucky crypto can give you enough capital to start something, don't lose it in bear market.
The only earners in bear season are the real low power cost guys.
If a 3080 makes 100mh at 1 cent each it is a dollar a day.
For me I can turn profit at that. as 250 watts x 24 = 6kwatts at 3 cents = 18 cents the cards makes 82 cents a day.
I am good to go.
What I can't do is buy cards anymore.
I can see a card drop to 1 cent and mh or 2 cent an mh still make money with my paid off cards.
But cards are still big $$
3060ti are all over 1000 on ebay
3070. are over 1200 on ebay
3080 are over 2000 on ebay
3090 are over 2900 on ebay if we drop to 2 cents an mh this makes 1.50 a day that is 2000 days to pay off
Shuffle is up soon
https://www.newegg.com/product-shufflea 3060
a 3070
a few 3080ti I would get one