After two months of losses, it's nice to see a month with some gains.
I was just shy of $1k gross revenue, at $995; and saw a 4% MoM gain in my investment portfolio. With a potential recession on the horizon and inflation at insane numbers, this just may be a momentary blip, fuelled primarily by a recovery in cryptocurrency.
- $688 in Nicehash earnings, from mining and the recovery of the Crypto markets
- $170 in Youtube ad revenue, the largest to date
- $59 in artwork Print on Demand sales between Society6 and Redbubble
- $45 in flipping sales, continuing the downward trend of this project despite maintaining 200 active listings
- $16 from Amazon affiliate sales via Youtube description links
- $13 from 3D model file sales on MyMiniFactory
- $4.48 in Signum token value gain & mining earnings
- $3.72 in Binance trading bot earnings using NEW trading bot version
- $1.28 in Lbry token value gain and very miniscule earnings
- -$6.72 from dividends due to quarterly fee
To make a habit of bringing into focus what my three tentpole projects for 2022 are, let me put a reminder:
- Youtube. This includes associated spinoffs like the Amazon affiliate links in the description and mirror to Odysee.
- Cryptocurrency. This includes:- Expansion & refinement of mining capabilities, and seeking other earning capabilities- Gaia Trader, the version 2.0 of my homebrew trading bot being written for public release
- Print on Demand & Digital Asset Sales:- Artwork Print on Demand on Redbubble, Society6, etc
- 3D model sales via MyMiniFactory & alternatives
- 3D print on demand via Shapeways
As is the norm, let's start off with a look-see at the Cryptocurrency side of things.
Crypto started to recover this month, slowly but surely--leading to a marginal gain this month in portfolio/Nicehash value. Nicehash earnings as a whole are up, thankfully, as well.
Bittrex--which had been warning me for a while that it would close--finally closed my account, since I'm in Ontario and there's some unfortunate regulations tying many crypto exchanges' hands. I only had ~$12 on it, so I didn't bother moving funds or anything; but you'll see Bittrex is now permanently grayed out and not accounted for--and will stay this way until, sometime in the future, they re-enable Ontario-based users.
In trading-bot land, my complete rewrite of my homebrew trading bot into something that's publicly releaseable, has reached a usable state. As such, I've switched to using that to trade on Binance, instead of my older bot. And since I can't trade on Bittrex any more, I'm basically now completely switched over to the new bot, except for my manual trading tipsters running in the old version which I'll continue to use to make manual trades on Coinsquare (once they get BTC base pair trades back running on their new platform).
The new version of my trading bot -- Gaia -- offers many improvements over it's predecessor. Here you can see Gaia running on the left, and my old version of my trading bot running on the right:
The biggest difference, as you might see, is that it no longer uses an all-or-nothing, single-strategy approach--you can set multiple strategies to run concurrently, each using a particular 'weighting' of your porfolio. Take, for example, the first strategy--trading with an HMADIV strategy on BTC-ETC, using a 30% weighting. This means it will use no more than 30% of your porfolio value (calculated at the time of the trade) to trade in and out of the associated asset (in this case, ETC).
As you can see, it's been running for about a week and a half with the oldest strategy; and I'm up by 8.46% from the starting value (was actually more earlier, but it's in a very minor dip today).
It's running stable and a lot of the kinks are worked out. I have a few bits & bobs to add before it's fully ready for public use, which I'm aiming for to be at the end of August.
As mentioned previously, the release of the bot will be free to download; with the monetary incentive for me doing so being the baked-in Binance sign-up link in the app--which lets me hopefully get some more affiliate sign-ups and subsequently earn affiliate revenue from trades made by users who signed up with my link.
Not too much else major to report on in the crypto space. So let's move over to the Youtube side of things.
Slowly but surely, my metrics climb higher and higher this year:
I managed to successfully put out four videos in July; and all pretty decent quality--I'm really managing to keep improving the quality of my thumbnails, titles, and content of the video. Sadly, it's not translating into explosive growth yet... but as long as things are going up, I think I'm happy?
Of the four videos published; two related to energy generation & management, one was eskate backpacking/ebike bikepacking related, and one was a casual camping trip video.
Of the two projects I have going on in the background for the Youtube channel content:
With the electric snowboard project, I have ordered all of the parts for the build, attached the battery & ESC case to the board, and cut out the wheel well.
The other project, the autonomous boat, has been pushed along as well. I bought the boat the project will be using, and took it out on it's maiden voyage on my last trip. I also completed the design of how the motor & ardupilot will all work together, including the steering servo.
Given the inspiration I had last month and where the channel's heading in terms of direction, I thought I'd refine my branding a bit further so that viewers on my page will know fully what they're in for.
August's videos will mostly center around the completion of the Trans Canada Trail Durham section.
Here's my metrics for July:
- Published 4 videos, on track with one per week
- At 6,088 subscribers; up 250 over last month
- Subscriber growth rate: 4.28%, up over last month's 4.06%
- Average daily views throughout July: 713, up from last month's 691; or an increase of 3.18%
- Average daily subscribers: 8, on par with last month's number
The third tentpole project, Print on Demand, didn't see too much. Saw my third consecutive monthly traffic drop slightly in Redbubble, and the vast majority of my earnings this month were from Society6. Overall the numbers weren't great.
No sales via Shapeways, and only a couple model sales on MyMiniFactory.
Let's take a look at what I set out to do for July, and what I accomplished:
- 4x new Mike in the Woods videos
Completed! - Maintain 200 active Flipping listings
Completed! - Reinstall drivers on Mining Rig 003 and try to get four GPUs working together properly
Dropped priority & moved back to the backlog of work items - Electric Snowboard build:
- Finish mounting battery & ESC case to board properly
Decided to wait on this - Order Hub motor
Ordered, plus all of the other needed parts ordered - Preliminary work designing flexing mounting arms for motor
Specs & measurements noted, next step is to 3d model them--but I need to measure the motor once it arrives first - Cut out wheel well out of deck
Done! - Gaia Cryptocurrency Trading Tool:
- Finish ability to add & remove strategies
Done! - Basic updating loop to get advice, make trades, and update UI
Done! - Start live testing with paper trading w/ three Holding strats
Done, including live testing with actual trades too
Goals for August:
- 4x to 5x new Mike in the Woods videos
- Maintain 200 active Flipping listings
- Solve major clog issue on 3D printer preventing me from progressing on projects
- Electric Snowboard build:
- Initial unfinished 3D modelling of motor mounting arms
- If motor arrives with time to do so, and 3d printer issues resolved, finish design & print off initial motor mount prototype and mount to board
- Gaia Cryptocurrency Trading Tool:
- Create How-To guide for users to get up and running
- Finish porting existing strategies from old bot version
- Implement 'Auto' strategy that will select the best strategy to use based on daily benchmarking
- Clean up UI and make more presentable to end user
- UI display & user accessible setting to display/control whether bot is in Paper Trader mode or Live Trading mode
- Persist strategies between sessions so user doesn't have to re-add them on app restart
- Upload & release v0.1.0 to public
If I progress past this point, I can always pick up some stuff out of my work item backlog.
And now, a look at my investments:
As you can see, I saw a 4.3% month-over-month growth thanks, primarily, to crypto recovering; though stocks saw a bit of a bump too. Still have quite a bit of recovery to go.
Here's a look at the weighting:
And finally, a look at how I did in terms of my monthly income FIRE goal, split between savings (4% rule) and income:
Much healthier number over last month!
Hopefully August continues to have things trend in an upward direction; but with a looming recession, who knows.
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.
#financialfreedom #financiallyindependent #financialindependence #financialindependenceretireearly #passiveincomeinvesting #passiveincomestream #passiveincome #sidegig #sidehustles #sidehustle #wealth #makingmoney #wealthbuilding #incomestreams #incomestream #passiveincomeideas #passiveincomestreams #passiveincomeclub #passiveincometips #passiveincomemethods #sidehustleideas #sidehustler #sidehustlers #sidegigs #sidegiglife #sidegigsuccess #passiveincomesuccess #sidehustlesuccess #sidegighustle #entrepeneur #creatingwealth #investmentportfolio #income
No comments:
Post a Comment