"Gas, Gas, or Gas! No One Transfers ETH for Free!"

#SatoshisSaturday: 2021-02-20

By LoonyLiberal | Dollars and Nonsense | 21 Feb 2021


DISCLAIMER 1:

The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st to shorten hyperlinks. I get a few cents when users click the links, and I get rewarded if users register using these links. However, my personal experiences with these sites have been beneficial enough that I can promote them without feeling like a shill.

I will gladly provide clean links upon request.

DISCLAIMER 2:

This article is not a "get rich quick" article. This refers to sites and strategies which I personally use. It is entirely possible that my actions and subscriptions could lead to financial loss. As such, constructive criticism and suggestions are always welcome.


Real life overrides plans.

I had a medical scare earlier this week, which forced me to divert investment (and grocery) money for medications. And over the next few weeks, my investments are going to be in a standby phase. I'll explain in a future blog post why that is.

For now, let's see how my crypto treasury is faring.


  1. Browse with Brave Browser

    Still a good browser. Still a handful of dollars in BAT per month which I redirect towards Hedged Bitcoin.

  2. Check Publish0x at least three times a day

    Yes, I failed to meet this goal again. But this time, I have a note from my doctor, so can you find it in your heart to give me a Mulligan this week?

  3. Collect daily BTC and ETH with the auto-faucets at RandomSatoshi

    I'm going to keep building these faucets for as long as I can just in case my next destination has a built-in firewall or VPN that renders the site unusable. In the meantime, $0.03/day times five cryptocurrencies adds up to $0.15/day.

  4. Invest $10/week with CoinSeed

    In a few weeks, I'll be able to lock some of my currencies into savings accounts. Yes, a 3% APY on $5 is hardly cause for celebration, but being able to lock $15 in cryptocurrency ($5 times 3 lockable cryptocurrencies) every 3-5 weeks will add up to a nice snowball effect over time. And if I can lock roughly $125 in an interest-bearing cryptocurrency, then that means I can add it to the scoreboard.

    And if I rebalance or reconfigure my investment pool to include BCH, DASH, LTC, and/or XRP, that will give me four more ways to lock funds to gain interest.

  5. Buy at least one bond a week from Worthy Financial

    No changes here, so my daily earnings round down to $0.01/day.

  6. Stake AWC with Atomic Wallet

    Rising cryptocurrency prices means that my AWC stakes earnings round down to $0.02/day.

    There's still no word from Binance on when I'll be verified, which will allow me to buy more BNB in order to buy and stake more AWC. I may have to resign myself to buying BNB directly from Atomic Wallet (though the fees suck).

  7. Build interest on BlockFi

    No deposit. No change. Not enough interest to add it to the scoreboard.

  8. Re-evaluate usage of Cash App

    I'm unlinking Cash App for the time being because of a disturbing Twitter thread I found on my SFW account:



    Although I've had good experiences with Cash App and that I rarely keep an active balance on my account, I understand that that may be nothing more than an anecdotal fallacy. Therefore, I'm going to err on the side of not exposing my readers to the risk of losing their money and de-link Cash App until I see a satisfactory resolution to this situation.

  9. Build interest on Cointiply

    After my last deposit, my weekly interest payment was $0.02, and 2 cents divided by 7 is too low to add to the scoreboard. I still tap the faucet a few times a day, but that's just to ensure that I get the weekly interest.

  10. Build interest on FreeBitco.in

    After my last deposit, my daily interest payment is 44 satoshis/day. I could discreetly increase my balance by tapping the faucet and spinning the wheel more often, but it's nice to know that this site's interest has no strings attached after reaching the minimum balance.

  11. Deal with HashShiny when I have too much of those pesky sanity and serenity thingies

    I'm getting $1.40/day in BTC and $0.11/day in ETH. My BTC reinvests daily. I know that I should buy more ETH hash power, but this site still remains a low investment priority due to its outrageous maintenance fees and its intermittent downtime.

  12. Invest occasionally in Hedged Bitcoin

    The rising cost of BTC means that my investment here is rising as well. Due to the nature of this investment, I'm not going to add it to the scoreboard. However, my balance has risen roughly 9% since my last meager deposit, so I'll take that as a good sign.

To calculate my daily total, I'm being purposely pessimistic. I'm only counting income that is reasonably guaranteed. I'm excluding all investments until/unless I can demonstrate steady, provable, passive income greater than $0.01/day. For fractions of a US cent, I round down to the nearest whole cent.

Figures are based on values as of 2021-02-20 07:06pm PST:

  • The price of 1 BTC was $55,895.61.
  • The price of 1 ETH was $1,919.75.
  • The price of 1 BCH was $677.52.
  • The price of 1 DASH was $296.73.
  • The price of 1 LTC was $228.28.
  • The price of 1 AWC was $1.83.

 

Atomic Wallet
$0.02/day

FreeBitco.in
$0.02/day

HashShiny
$1.40/day in BTC
$0.11/day in ETH

RandomSatoshi
$0.03/day in BTC
$0.03/day in ETH
$0.03/day in DASH
$0.03/day in LTC
$0.03/day in BCH

Worthy Financial
$0.01/day

 

This adds up to $1.71/day in reliable, passive income. That's an additional $624.15/year in reinvestment power.

There were no dramatic changes in my investment this week due to the dramatic health care scare I encountered. And my investments in general may end up paused completely until April because (SPOILER ALERT) I'm headed back to Nevada.

No. You read that correctly. There's a motive to my madness. But that's another blog post for another time.

Until then, how are your crypto HODLings holding up?

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LoonyLiberal
LoonyLiberal

I have 15 years of experience as a software tester. I've been writing off-and-on for 28 years. I adapt quickly to new technologies and new methodologies. And I believe that humor is the most important social skill.


Dollars and Nonsense
Dollars and Nonsense

Are you familiar with the phrase "funny money?" Finances are no laughing matter unless we make jokes about them. The purpose of this blog is to put a comedic slant on anything related to finances. Cryptocurrency, dollars, stocks, golden parachutes... if it goes ka-ching, I'll make it guffaw.

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