Knock on wood, but things continue to trend--slowly, but surely--towards the better. We are now mostly reopen with mask mandates and social distancing still in place, but the case numbers continue to trend downward. If all is well by then, according to the Ontario government, we're aiming to be completely back to normal--no mask mandates, no social distancing, no remaining restrictions--by the end of March.
It's the light at the end of a very long tunnel.
October saw a return to form in terms of income, with $1843 in gross income. On the investment front, while I had to continue to dip into it a bit at the beginning of the month to pay off the last of the wedding expenses and some GPUs for my mining rig, I wound up only -2.87% down month-over-month thanks to a recovering crypto market and my Nicehash earnings getting dumped over to Coinsquare!
As always, let's break it down:
- $1,381 from Nicehash, topmost earner as always. Combination of undeposited previous month earnings going up in value, plus newer mined crypto this month including new rig
- $310 from Poloniex from staked BTT and earned BTT going up in value
- $133 in Youtube ad revenue, marking highest monthly earnings this year (expected as we get closer to the holiday season)
- $88 from flipping. Only a couple sales this month
- $54 in Print on Demand sales, solely on Redbubble. None of the other platforms had any sales
- $23 from Amazon Affiliates
- $10 from 3d model sales on MyMiniFactory
- $7.12 from Signum mining & value change
- $4.04 in 3D print sales on Shapeways
- $1.41 from Odyssee token earnings & value change
- -$13 from dividends (loss due to quarterly fees)
- -$157 from algo trading losses on Bittrex. Race to the bottom!
One of the most important completed items this month is the finishing of Mining Rig 007! It is now fully populated with GPUS (and hard drives!) and mining away.
I hadn't realized how much juice all the newer cards pull. My newest rig is running two 3070s, a 3060 Ti, and a 3070 Ti. Under certain algos, they can pull enough power to overwhelm my 1000W PSU, so I'm being careful to monitor it and tweak what algos are enabled until I can get it fully stable. (Plus, it crashes every so often, so I need to figure out why). I had originally wanted to go with 3080s or above, but had to downselect to 3070 due to availability. The power draw would have been even more problematic!
This marks the completion of all planned mining GPUs, which will likely remain in their current configuration and mining away until I eventually find a house to move into several years down the line. Other than solving issues with the rigs as they come up, can't get much more passive in passive income than this!
Aside from the GPU mining aspect, work has also continued on the hard drive mining front. I've got my new Mining Rig 007 set up with five hard drives for a total of 18.5TB, mining away on signum, joining Rig 3 and Rig 4 for a total of 42.5 TB in active mining status. I have a 3-drive stack of 28TB waiting to get plotted for another rig, and I continue to accumulate drives for the rest of my rigs.
On the Youtube front, I'm seeing a slight upward trend in metrics as we march towards the holidays. I managed to keep with my target of two videos for the month of October. For November, I may wind up doing 3-4 videos, due to the nature of the planned videos for this upcoming month; but the baseline target is now still just two.
Here's an updated look at the trailing 365 days worth of metrics on Youtube:
As you can see there's an incline, but I'm about ready to just chalk that up to the Holiday effect, and not through any growth of my own.
Stats:
- Published two videos, keeping up with my new monthly target
- At 4,021 subscribers, up 201 over last month
- Subscriber growth rate: 5.26%, up over last month's 4.63%
- Average daily views throughout October: 568, an increase over last month's 495, or an increase of 14.74%
- Average daily subscribers throughout October: 7, up from last month's 6
Stat tracking on Social Blade seems to be screwy, so ignore the random gaps in the tracking and doubled up numbers on the day following.
Jumping back over to the cryptocurrency space, let's look at my algo trading bot.
No excuses: It fucked up HARD this month:
Not much to say here. It made a series of piss-poor trades due to jumping in to a strategy at the peak of that token's pump and dump. I think that's where my focus needs to be going forward--somehow eliminating the draw to these small volume coins that get hit with huge pumps. If I can't figure out how to rule these coins out algorithmically, I've decided to just create a whitelist of coins it can trade. Maybe I'll do a test run of that throughout November and see if there's a marketable difference.
On Coinsquare, via manual trading, I'm down -6.25% in base BTC value; but this is NOT from failed trades--this is because I had to dip into my savings at the beginning of the month to pay off the last of my wedding expenses. My savings are now locked back up again, so this value will start to go back up, barring any market crashes while I'm exposed to an altcoin!
Switching to other projects, on the Flipping project, I made a few sales, but it's been slow so it's been relatively easy to maintain 200 active listings. No real news here.
With my programming skills, last month I set out to refine an idea for pursuing as a passive income project. Sadly, during the vetting phase, I discovered that quite a lot of examples of that idea already in play (and quite popular!), and I didn't bring anything new to the table with mine, so I scrapped the idea to go back to the drawing board.
With my novel, I successfully completed and uploaded chapter 3; and I finally feel like I'm hitting my stride with the style and vibe of the writing! Looking forward to writing chapter 4 this upcoming month (it will be in my to-do list).
On the Print on Demand front, I signed up for TeeFury as I had set out in my work items for the month. It's a different setup than the other sales channels--artwork has to be approved once uploaded. So I'll work on uploading my back catalogue, or at least a portion of it, for November, to see which artworks get approved. If any, haha.
Alright. Let's take a look at the work items I had set out to accomplish in October, and how I did:
- Two new Mike in the Woods videos
Yep, 2/2 accomplished - Receive and validate RTX 3080 Ti mining on Mining Rig 007 via Windows 8.1
Had to upgrade to Windows 10, but now successfully mining with 4x 3000 series RTX cards - Assuming prior work item is successful, continue populating Mining Rig 007 with RTX 3000 series cards
Completed; rig fully populated and mining at capacity - Continue
accumulating hard drives and setting up for Signum mining, with minimum
target getting Mining Rig 007 up and running with five drives
Plotted drives for Mining Rig 007 and it is now mining away; 3-drive 28 TB stack ready to be plotted for Mining Rig 006 - Verify market demand for software dev project
Completed in the negative. Project abandoned due to existing products - Technical design document for software dev project
Not completed due to prior work item determining project not worth pursuing - Maintain 200 active flipping listings
Successfully maintained - Complete Chapter 3 of novel
Completed & uploaded! - 3 new listings for either Print on Demand, or 3D Printing
Completed! - Improvements for automated trading bot for order fills
Brainstorming done, ideas to be implemented - Replace fan on one of the GPUs on mining rig 3 as it's causing stability issues with poor temps
Completed, but rig still unstable. Disabled card for now - Sign up for TeeFury as a seller (new Print on Demand sales channel)
Completed
I'd say I stuck to my guns pretty well with these work items, with only one missed target--and that was due to a preceding work item deciding that project wasn't worth pursuing.
Let's look at my target for November:
- Two new Mike in the Woods Youtube videos, with a stretch goal of three
- Continue accumulating hard drives and setting up for Signum mining, with minimum target getting 28 TB stack for Mining Rig 006 plotted & set up, and obtaining drives for the next rig
- Maintain 200 active flipping listings
- Write Chapter 4 of novel and upload
- Implement coin whitelist for Bittrex trading bot and run through November to test
- 3 new listings for either Print on Demand and/or 3D Printing
- Porting initial selection of 20 pc artwork backcatalogue to TeeFury and waiting for approval/rejection
- Update Amazon Affiliates Canada tax info, as it requires an update due to recent changes on their end
Somewhat lightweight compared to October, but if I finish, I can always pull in more stuff to work on.
Aight. Now to look at my investments:
I managed to keep the portfolio loss to a minimum this month, with only a -2.87% loss. Hopefully I can kick it back into positive MoM growth for November now that I don't have to dip into it anymore. As it stands though, I'm still well and above where I should be based on my 6.5% MoM growth target.
And as for the weighting:
Another month done and dusted. See you at the end of November!
If you find these posts helpful, and you are interested in cryptocurrency, try signing up for Binance! It's a widely-known cyrptocurrency exchange (think stock exchange, but for crypto). It's free to do so, and by using my referral link we'll both earn 10% of any trading fees you pay.
https://www.binance.com/en/register?ref=WZKZ16ZW
See you next post!
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