My trusty 4 card RX 580 rig is still chugging away, mining Eth and sometimes Loki. But I made a mistake in trying to build another rig. I bought 5 GTX 1060s at what was an amazing price at the time. But they ran really hot and ran my air conditioning, and thus my electric bill, too high. And now I'm just trying to sell it at a bit more than half of what I bought it for. I don't have the time or mind to try to rent warehouse space or build a shed to scale up my mining operation. Alas, I think I have found mining at scale to simply be too much for my taste.
But I still love crypto and don't like trading, and I want to make a lot of money. So what to do?
I've begun to build a collection of masternodes.
Right now I have just 2 - Gin and Rhenium. Rhenium is looking like a mistake, as I overpaid for it and the price crashed. But I'm still running it and cashing in the rewards for BTC.
As for Gin, I've been very, very happy with it. I got in at $7 per coin, it bounced to $13 (should've sold my whole node, oops) and now it's holding somewhere around $5.50. I've received about 240 GIn in masternode rewards thus far, and have used it to start my next Masternode: Bulwark. I'm about halfway to a full Bulwark node now. The really cool thing is that the Bulwark is staking in my wallet quite nicely itself in the meantime.
My plan is simply to compound interest, basically. Here's a cool chart:
Each node's rewards go directly into another node. The thing is with this path, I need to choose masternodes which will not decrease in price over time.
Gin and Bulwark are good bets, in my opinion, and the next two on my radar are MCT, My Crypto Trading, which is a masternode platform which, like Gin, has a working project. It's a crypto exchange that works a bit differently than a normal exchange. Instead of having trading pairs, it's a peer to peer platform where you can trade alts on an open marketplace. The marketcap of MCT is still only about $1 mil last I checked, which gives it tremendous room to grow.
The last one I have in mind for the near future is Giant. They are building a decentralized options exchange. I'm a bit more hesitant on this one since it doesn't have a working project yet, but the marketcap is low and it looks like it has good potential.
Both of these are only trading on Crypto Bridge, which has been a total disaster recently, but hopefully they both can get on Cryptopia or something soon.
Another neat thing is that all five of these masternodes are on the Gin platform, which makes masternode setup easy as pie.
So that's my plan. I still dream of becoming crypto full time, but I'm starting a new job at a really cool custom software shop in just a couple weeks. So my masternoding pursuits are in my spare time.
Let's make some fake internet monies, yall!!!!