Crypto Income Update – January 2022

brown rock beside body of water

Declines in cryptocurrencies continued in January, as reflected in the earnings this month compared to last month.

There were drops across the board as the risk-off sentiment was the dominant force in both broad market indices and within cryptocurrencies.

I did take some profits during the month, if only to secure the cost of my HNT miners and help cover some of my monthly expenses. I will likely be stacking my cryptocurrency earnings for the next while and rebuilding that portion of my portfolio through mining. What I may do in a few months, pending the condition of my overall portfolio and my crypto portfolio, is take some profits again to help ensure my debt is well positioned for what I have planned this summer.

Due to me liquidating my crypto portfolio, I have decided to remove the Investment portion of this post for now, as the income generated from that will be minimal moving forward.

Mining

CryptocurrencyAmountAmount in CAD*
BTC0.00126390$48.58
ETH0.045567$157.4
BAT3.313$4.37
HNT14.413$512.81
Total: $723.16

Total Monthly Income from Crypto: $726.13

*FX taken at time of writing