another thing to add
why in the hell you need to aim at making 60k or 19k a month, when with a regular job you would only make 1k?
let's be equal here, if you want to get rid of your steady job, you need just an income of 1k per month, it can be reached easily by mining any shitcoin if you have proper electricity
1. You have to pay back your loans for everything you built.
2. As network difficulty changes your profits will drop.
3. You have to constantly upgrade/repair/replace equipment in this industry. You will need a store of cash to do this.
4. Who the hell can live on $1k a month? Thats under minimum wage. Remember not everyone lives at mommys and has no bills. I live in a smaller cheap house and my monthly bills not counting food/gas/car maintenance/etc are over $1000 a month.
You sound like someone who has no clue what its like owning a business or even living on your own for that matter if you think $1k is enough to live on. OP said $35k-65k per year. $35k is about $2900 a month before taxes. $65k is about $5400 a month before taxes. Calculate loan repayment rates, commercial rental fees, taxes on your profits......now tell me again how far off I am?
you don't need to live under your parent to live with 1k, i can live with 500 and i'm alone, just don't be stupid and build a family with 500 or 1k
again don't say shit like "you have no clue", when you know nothing about the cost of living around the world
if you think that you need 3k a month in every place of earth just to have a normal life, you are the one which is clueless
another thing to add
why in the hell you need to aim at making 60k or 19k a month, when with a regular job you would only make 1k?
let's be equal here, if you want to get rid of your steady job, you need just an income of 1k per month, it can be reached easily by mining any shitcoin if you have proper electricity
A couple of gross details to point out. Hopefully you can correct me or correct yourself.
$1k / month ??
Who can or will live on a $1k a month ? That is $12,000 a year and even the poverty rate in Ont is about $18,000 .. You are suggesting surviving in Ontario at 1/3 below the poverty rate. Even people who are old and home bound or disabled would living substantially better than you.
$1k is more like slovakia.
Please share your model for mining $1k on a shit coin .. I'm must be the dumbest miner on the block because I can't find one.
are you serious man, it's not like there is only america out there, in kuwait or egypt(just an example) the cost is not that high as you think and electricity is at 1 cent
even in iceland where electricity is 5 cent and the cost is 40% higher than europe, you can still live easily with 1k, 1k is overkill actually
it's not about how much you earn it's about how much you spend also, if you fuck your money in useless stuff, it's not my fault
i think you guys know nothing on how much you need to spend each month to survive