"Get PAXGing, you HODLing hooligans!"

#SatoshisSaturday: 2021-02-27

By LoonyLiberal | Dollars and Nonsense | 27 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.


This week makes me glad that most of my investments are hands-free. Between the upcoming move and increased emphasis on my writing, I haven't put much effort into managing my investments. I did uninstall Cash App because I'd rather handle a scam proactively instead of reactively. I also stumbled upon some news and updates that make RollerCoin a viable option. Otherwise, I didn't do much with regards to my investments.

Let's see how that worked out.


  1. Browse with Brave Browser

    Still a good browser. Still a handful of BAT per month, which I convert to BTC and then funnel into Hedged Bitcoin.

  2. Check Publish0x at least three times a day

    UUUUUGH.

    I've said several times that I treat Publish0x like a workplace. Yes, many of my posts are silly in nature, but this is a seriously effective way to increase my internet presence and generate crypto on the side.

    So having to deal with trolls on this platform frustrates the Hell out of me. Publish0x isn't like Twitter, where I can countertroll for exposure, additional followers, and material for the Tweet, You Sinners! series. I have far less incentive to deal with trolls here. Fortunately, I can delete comments that trolls leave on my blog posts, and blocking seems to work well, too.

    But I'm not going to lie; the tendency for trolls to reply to my posts dissecting logical fallacies with unironic usage of logical fallacies makes me think that humanity needs a 2.0 more than Ethereum does.

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

    My account's at Level 27, with one run yielding 56 claims in BTC, ETH, DASH, LTC, and BCH each or 46 claims in DOGE. I replenish my bits with Hideout TV and its partners to maintain a $0.15/day income. This will take a minor hit during my upcoming move... and possibly a permanent hit since some housing facilities' built-in internet connections are incompatible with Hideout TV, RandomSatoshi, or both.

  4. Invest $10/week with CoinSeed

    I talked myself into adjusting my investments since I'm a fan of interest. My weekly investments are a 10-way split between the seven currencies which I can lock for interest (BCH, BTC, DASH, ETH, LTC, USDC, and XRP), BAT (because Brave Browser), PAXG (a gold-backed stablecoin), and SEED (Coinseed's proprietary token). I also have the option of buying $10 a-la-carte of almost every token CoinSeed offers, though USDC is sadly not one of them. Once a lockable currency hits $5, I'll lock it for $360 days.

    My locked savings will generate an estimated $0.38 of interest. Considering that this is essentially a one-year commitment, it falls far from the $0.01/day threshold. I keep telling myself, "Baby steps...."

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

    I'm up to 14 bonds. Sadly, my inclination to round down leaves me at $0.01/day. However, 1-2 more bonds will bump that up to $0.02/day, so here's hoping that next week sees that happening.

  6. Stake AWC with Atomic Wallet

    My AWC stake earns me about $0.02/day.

    Meanwhile, over at Binance, I think I need to deposit USD into their system in order to complete verification. That seems a bit off, so I'll start with the minimum allowable transactions. If it works, then I'll start buying BNB so I can exchange it for AWC and increase my stake. If not, then I'll look for alternate means to acquire BNB.

  7. Build interest on BlockFi

    Still not enough BTC interest to add to the scoreboard. Damn.

    However, my leaning towards using stablecoins for my Vegas Vacation Fund will make BlockFi a more active part of my crypto portfolio. Yes, CoinLoan offers higher interest rates, but BlockFi has virtually no minimum deposit amount -- a sharp contrast to CoinLoan's $100 minimum.

  8. Build interest on Cointiply

    Last week's interest payment was $0.04, so I can't add this account to the scoreboard yet. But I have a feeling that this will change by no later than the end of spring.

  9. Build interest on FreeBitco.in

    44 satoshis/day interest. No changes. No warning flags about their FUN token, though I'm mentally preparing to cash out at the first sign of SAG-Mining-esque chicanery.

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

    Note to self: do not buy mining contracts from random number generators.

    It looks like my current contracts yield $1.17/day in BTC and $0.08/day in ETH. The recent fluctuations in cryptocurrency values and HashShiny's apparently random payouts and fees make it impossible for me to say with confidence. The closest I can get is by hypothesis based on patterns. I take HashShiny's daily forecast and multiply it by 0.04 to get what I consider to be a reasonable estimate.

    I understand that I'll have no chance of retrieving my ETH if I don't increase my hashrate. However, HashShiny looks more and more like gambling, and I'll soon be able to head to the El Cortez and play their $1 Craps machine, so what's the point?

  11. Invest occasionally in Hedged Bitcoin

    If it weren't for its integration with Uphold, I probably would have cashed out right now and placed the balance in FreeBitco.in and Cointiply instead.

    But considering that Uphold consistently fails to verify my social security number -- which has not changed at all throughout my life -- I may end up cashing out after all if Uphold threatens to make my account go away.

  12. Generate RLC with RollerCoin

    I currently get 0.000314 RLC per block. A negative, realistic estimate should be one block every 10 minutes, which leads to 0.045216 RLC/day. Considering that the most powerful miners currently available cost 99 RLC, I'll need to make some external deposits to significantly increase my daily output.

    Also, over half of my current mining power is the result of playing games, which means that the power is not permanent. It's safe to guess that next week's earnings will be significantly lower.

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 or equal to $0.01/day. For fractions of a US cent, I round down to the nearest whole cent.

Figures are based on values as of 2021-02-27 12:45pm PST:

  • The price of 1 BTC was $47,248.76.
  • The price of 1 ETH was $1,491.75.
  • The price of 1 BCH was $493.96.
  • The price of 1 DASH was $215.81.
  • The price of 1 LTC was $175.54.
  • The price of 1 AWC was $1.55.

 

Atomic Wallet
$0.02/day

FreeBitco.in
$0.02/day

HashShiny
$1.17day in BTC
$0.08/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

RollerCoin
$0.06/day in RLC

Worthy Financial
$0.01/day

 

This adds up to $1.51/day in reliable, passive income. That's an additional $551.15/year in reinvestment power.

...yeah, that's a drop from last week. Oof. Sadly, there's not much I can do about the dip in crypto value except to diversify. I already started with Worthy Financial's 5% APY bonds. Adding USDC and PAXG to my portfolio should help, too.

And I'm monitoring the news for updates regarding the third stimulus. Yes, most of my check would be earmarked for personal or professional expenses such as art commissions and tech upgrades. However, it's safe to say that roughly 10% will go towards #SatoshisSaturdays.

Until next time, beware the DeFis of March!

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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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