Another month has come and gone, and we are now entering the month of November. The year is going by incredibly fast, but as always, the beginning of each new month is my favorite time of the month, because that is when I get paid in my passive crypto income. So let's look at how I did during the month of October!
This is an ongoing series of mine that helps me to keep track of my own progress towards my ultimate goal, early retirement and living in a tropical beach somewhere. Not only does this track my progress, but it helps to keep myself motivated, and hopefully can motivate a few others who read this article as well.
If you have been following my recent posts you will know that over the last few months I have become incredibly bullish on bitcoin and have been restructuring my investment strategy to reflex on this. I believe we are on the verge of an enormous price increase that will rocket bitcoin to unseen levels, and also forever pricing out many people to ever accumulate 1 full bitcoin. With that in mind, I've have been wanting to accumulate as much as possible before this happens and decided to increase my risk this month, by sending a bit more to BlockFi to lend out.
Also, previously I was only using one crypto lending service (BlockFi), but my funds on BlockFi had reached a pretty large amount of money, so I decided to send all of my lending Ethereum to Celsius to diversify my lending risk, and also take advantage of Celsius' higher ETH lending rate.
My main philosophy has continued to be to maximize bitcoin and ethereum growth my using lending services, (BlockFi and Celsius), maximize other coins by staking (Polkadot), blogging to increase my BTC and ETH even more (Publish0x, and also continuing to blog at other places focusing on building a following that may one day develop into more income.
In the grand scheme of things, my passive earnings monthly are insignificant, but that is okay because they are passive. But the magic is when you start adding the monthly totals together and that is when the insignificant numbers begin to become something more.
So without further delay, let's start talking about my passive crypto earnings for the month of October!
1) Blogging
Publish0x
During the month of October, I was very pleased with my publish0x earnings. I could have done even better, but there was nearly a week that I took off from blogging. My earnings have really seen an increase the last 2 months and I again attribute this to Publish0x increasing the tipping rewards by 30%, also I have been putting a lot of effort into each article that hopefully that reader hopefully can feel, and this leads towards receiving more tips. Also, my subscriber number has increased to 1,008, which means I have finally reached my goal of 1,000. I think this fact has also contributed a lot to my recent success too. Thank you to everyone who has decided to follow me, and now my next goal will be to reach 2,000.
Publish0x Total = $40.11
Uptrennd
On Uptrennd I still haven't had much luck yet. I continue to use most of my points there and reinvest in my account, either by leveling up or boosting my own articles in hopes of gaining my followers (have now reached level 8). I am sometimes upvoted by guardians on the website, which is where I receive a majority of my points there. I am very happy that Uptrennd has been really trying to cut down on the spam on the website, which previously was something that really annoyed me. Now they just need to attract more users and real/natural interactions. I still only have around 11 followers there so I am hoping to quickly reach 50.
If you are a user at Uptrennd please be sure to follow me there!
https://www.uptrennd.com/user/MTIyODU1
Uptrennd Total = $0
Read.cash
I didn't do as well during the month of October as I did during September. The amount of views that my articles receives often remains in the single digits, and it just seems that the site just doesn't have enough users to make it worth a lot of time to create content there. Although my follower base continues to increase, having now reached 55 followers. I continue to post here in the hopes of increasing my follower base incase the website would someday take off in popularity, and also somedays I am lucky and get tipped by the random tipping bot.
Read.cash Total = $7.00
Hive
It has taken some time, but I am starting to see a little more results at Hive. It could be because I have been using all of my HIVE/LEO to power up, and also a few of my articles were tipped by some higher-powered users on the platform. I have become more excited about the platform and will continue to try to build even more of a following there.
Hive Total = $30
Blogging Total = $77.11
2) Staking
Staking my Polkadot for 12% interest continues to be a very nice small bonus of crypto income each month. I haven't bought any more DOT during the last two month, so what I have is just increasing naturally through staking.
**Polkadot (Kraken)
7.2 DOT = $29.88
Staking Total = $29.88**
3) Crypto Lending
BlockFi
To date, Blockfi continues to be my biggest money maker in terms of passive income, and I have been very satisfied with it. As I have mentioned before, my main goal with BlockFi is to be gaining interest on my BTC and ETH. I keep a very small amount of USDC there that I always convert into one of those two coins when there is a price dip that I want to take advantage of. Please note that this month increased my bitcoin lending by a pretty decent amount, lending very little USDC (mainly just keep there to trade for more bitcoin), and sent my ETH to Celsius to lend there. I have loved receiving the interest at BlockFi, if you're interested please give it a try.
https://blockfi.com/?ref=dde31f50
Bitcoin -0.00894072 BTC≈ $$122.56
USDC - 3.81375834 USDC≈ $3.81
Celsius
As I mentioned before, this month as the price of bitcoin has increased, the amount of money I was lending at BlockFi became pretty significant, so I decided to diversify my lending risk, and send my Ethereum to Celsius to lend out. I was interested that they pay out weekly, and also the Ethereum rates were significantly higher, coming in at 7% interest.
I have really enjoyed Celsius so far, if interested give it a try! https://celsiusnetwork.app.link/1990446981
Ethereum - 0.06521576 = $25.00
Lending Total = $151.37
Monthly Total = $258.36
Overall, I'm very happy with my performance this month, especially the increase from my blogging. My goal continues to be to reach $1,000 per month in passive income, and I am now 25% of the way there.
The great thing about the staking and lending is that once you have enough capital invested, it does become much easier to make more and more money consistently, especially if the value of the coins continue to go up. The only thing that is requiring a lot of effort is my blogging. Next month I hope to reach $300.
So what are you doing to make a passive income and where are you having the most success!?
As always, thank you for reading!
