It's hard to believe, but the month of February has already come to an end. This means that it's my favorite time of the month again. The time when I calculate all of my earnings from my crypto-related endeavors. If you are new, this is part of an ongoing monthly series that I write where I chronicle my journey toward hopefully becoming financially independent. There are two purposes I have when I write these articles. The first is that it helps to track my own progress and keeps me motivated. The other is that I hope it will help motivate other people that read this article to begin their own journey toward reaching financial independence as well. After all, if I can do it. Anyone can.
February was an interesting time to be in the cryptocurrency market. Finally, prices began to recover, with Bitcoin moving all the way up to $25k before running into resistance and more macro obstacles. For a brief moment, the market turned bullish and there was hope that the bull cycle might be reigniting. Since then prices have come down a little, and no one seems to know what will happen next. Which is par on course for the cryptocurrency market. No matter what happens in the market, I am at complete peace with it. If prices soar I would be ecstatic to see the value of my crypto portfolio increase. But at the same time, I am treasuring these current price-level opportunities that are allowing me to accumulate at a rapid rate.
During this month the methods I used to earn crypto were basically unchanged. My biggest source of income was my crypto writing on websites such as Publish0x Medium, and Hive. However, due to crypto prices increasing, my stacking performance began to improve slightly as well. I have put a lot of effort into writing daily for Medium, in order to build up that income stream. This method continues to be my biggest earner and I'm very excited to see what it could become in the future.
While I'm enjoying the earnings from both blogging and staking, personally there still feels like there is a large hole missing in my earning income. That is largely due to me no longer lending out Bitcoin. At the moment I wouldn't recommend lending out cryptocurrency anywhere. During the past few years, that was my largest income earner where I was earning 0.01-0.02 (about $500 currently) BTC per month passively. With the addition of writing on Medium, this has canceled out the lost passive income that I was earning from lending over the last few years. I'm back to being even. I'm currently continuing to search for methods that will push me even farther ahead.
My short-term goal is to be earning $2,000 per month with my various crypto endeavors. While I am still quite far off from that goal, I absolutely think I could achieve it by the end of the year. Without any further delay, let's look at my performance during February 2023.
Cryptocurrency Blogging
Publish0x
As always, Publish remained my most consistent earner. Publish0x was the first place I began writing in around June 2020 and continues to be the place I enjoy the most. There is a good mix of people in the community here who always are working hard to write original articles.
As of writing this article, I have now reached 7,365 followers on Publish0x. Thank you all for your support and for reading my articles. I'm gradually inching closer to my next goal of reaching 8,000 followers. Thank you to everyone who takes the time to read my articles and follow my blog.
Publish0x Total = $66.54
Hive / LeoFinance
My earnings on HIVE took a small dip during February. I'm hoping that earnings on Hive will improve once the market turns bullish in the future. As always, I will continue posting here and hope for better results.
Hive = $27.25 LeoFinance = $1.87
Combined Total = $29.12
Substack
There were no earnings made on Substack during the month of February.
Substack Total = $0
Medium
My earnings on Medium saw a great recovery during the month of February and actually set a new personal record. I was impressed by this especially considering that February is a shorter month than January. Recently I have been seeing a lot of spam comments on my posts there. But, have been doing my best to report and block them. I'm really excited to see what kind of results I can have once the prices significantly recover and much more attention comes back to the cryptocurrency market.
Medium Total = $715
Freelance Writing
Unfortunately, there were no freelance writing opportunities this month.
Freelance Writing Total = $0
Cryptocurrency Blogging Total = $810.66
Crypto Staking
Kraken
0.0263134 ETH = $42.10
I continue to stake a portion of my Ethereum on Kraken to earn a weekly interest rate. Recently Kraken has stopped all staking services on their exchange for US citizens. I can continue earning with my ETH there until the Shanghai update implements staking withdrawals. This means that when my ETH is finally unlocked, I will need to decide where to stake my Ethereum.
Kraken Total = $42.10
Internet Computer (ICP)
I continue to stake ICP on the network's NNS app. Staking here is a little different compared to most staking. Dfinity calls ICP a "proof of useful work" chain, which pays you interest by staking your coins and using the governance power to vote on blockchain-related issues. If you don't vote or delegate your votes, you won't earn anything. It's very easy to delegate, but I like to vote by myself because I find the process fun.
ICP Total Earned = 3.01 ICP = $18.36
Crypto Lending & Staking Total = $60.46
Miscellaneous
Coinbase Earn
$0
Coinbase Earn Total = $0
Airdrops
My SWEAT token airdrop continued to be gradually unlocked which I promptly sold off for more BTC. While it is free money and I can't complain, I am still disappointed with how quickly this coin has dropped in value.
SWEAT - $4 (unlocked)
Airdrops Total = $4
Miscellaneous Total = $4
Total February Earnings = $871.12
Overall, I'm very satisfied with how February turned out. Especially with the results I had at Medium. I'm interested in how much I can grow on Medium in the future. As prices are beginning to increase, it appears that we have approached the end of the bear market. This means that it is even more important to be doing everything you possibly can to grow your portfolios before the next bull cycle begins.
How about you? What have you been doing to earn crypto income?
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As always, thank you for reading!
