Yeah there are a few people in my social circle that heard that I am in crypto. And every few months or so, usually during bull markets I get texts and calls about them wanting to join in and get involved.
It usually goes 1 or 2 ways.
First one is some guy who says they got like $10K and they want me to turn it into "only $100K" doing something crypto related. Like making 10x gains is something that is easily done.
Another is someone who wants to mine. They are mad that they can't use their Smartphone, Laptop or i3 desktop. They ask if they invest $1K in "crypto hardware" how long until their $1K investment becomes $100K?
Usually conversation ends in them thinking I am lying to them and keep it a secret to reap all the benefits or they discover that crypto might not be a "get rich quick" scheme.
Reason where I live too many people fall for scams --> "get rich quick", I guess the media hypes bitcoin so much after it have gone up up and up and then after that sheeps want in then bitcoin starts going down down and then down, that is one way they lose money if they do the trades themselves, the other way is when those people give money to people to do crypto trades for them, most in the end get scammed. There were scammers promising 10% every month and people believed, in the end none of them got their money back, thieves scammed them all, time to time shows people losing money they have saved their entire life, I mean how somebody can believe 10% back every month from doing nothing? Anyway, I never tell to anybody what I do, too risky, better to keep it in secret. If I was a scammer I would have become a billionaire in few days, those people are willingly to give all their money they have, you dont actually need to do much to convince them crypto will go up forever hehe, thankgod I have principles, what is mine is mine, if I win is mine if I lose, I lose what was mine, too many evil people in the world and idiots who give their life savings so easily to somebody they dont even know, need to watch out.
here is one line you can use to repel nagging clueless social circle noobs who can't/won't/don't understand anything, blinded by get rich quick attempt with no brains behind any action/s taken/to be taken.
me: ..i was recommending it back then (2013), i got lucky but i'm out, yeah i made money but i have no idea where it is going, can be up or down or anything..i'm done with crypto and i have no more coins left.
I dont even bother, last time a friend came to ask about crypto, I said to him, I dont know anything about it, period.
Anyway, this 32k monthly is pure bs, like I said before, to get that much, need a huge installation plus a lot of money 600k usd minimum and a lot of dedication and work, if a short circuit happens, chances are high that all the hardware will be fried, mining is hard, dangerous and truly not worth the hassle.
Okay pretend you get all rtx a4000 at 1200 a card put them in a 12 card case from minerdude.
1 rig cost 12 x 12 = 14400 + 1200 for case = 15,600
10 cases are 156,000 about 10 x 12 x 57 = 6840 mh most cards ever paid was 15 cents an mh so .15 x 6840 = 1026 a day or
31806 a month pre power based on best day averagr which did not last 30 days in a row.
realistically they earn 7 cents or 478 a day.
power at 10 cents is
1.7kwatts a rig or 17 kwatts for 10 rigs or 408 kwatts a day
that is 41 dollars a day or
478-41= 437 a day or 13,547 a month
so they need 24 cases of 12 cards that is 375000 up front.
the 24 pieces burn 41 kwatts an hour that is 200,000 btu of heat.
my garage with doors open and fans moving air is 90f on a 10c day I burn 12kwatts an hour max on very cold days.
