Don't quit your day job, DRutter!

in #steem5 years ago (edited)

Welcome to the 64th weekly installment of my series on Steem income and growth!

Income on the Steem blockchain is generated by "investment" (the more currency you have, the more you earn) and by "work" (earning currency by contributing content that adds value). All my crypto holdings are in the Steem currency. Now I'm working to earn more, by uploading unique valuable content to the blockchain.

Calculating weekly income

Considering income from accounts that I own, that my wife owns, and group projects using our funds (currently @drutter, @medikatie, @greatesteem, @hempy, @girlsofgreen, @sativazeee, & @vantocan), here's the running tally:

Week 01 - 0840 (+ ? ) Steem (+n/a%)
Week 02 - 0848 (+ 8 ) Steem (+0.95%)
Week 03 - 0862 (+14) Steem (+1.65%)
Week 04 - 0868 (+ 6 ) Steem (+0.70%)
Week 05 - 0876 (+ 8 ) Steem (+0.92%)
Week 06 - 0888 (+12) Steem (+1.37%)
Week 07 - 0914 (+26) Steem (+2.93%)
Week 08 - 0929 (+15) Steem (+1.64%)
Week 09 - 0936 (+ 7 ) Steem (+0.75%)
Week 10 - 0953 (+17) Steem (+1.82%)
Week 11 - 0960 (+ 7 ) Steem (+0.73%)
Week 12 - 0966 (+ 6 ) Steem (+0.63%)
Week 13 - 0973 (+ 7 ) Steem (+0.72%)
Week 14 - 0980 (+ 7 ) Steem (+0.72%)
Week 15 - 0986 (+ 6 ) Steem (+0.61%)
Week 16 - 0991 (+ 5 ) Steem (+0.51%)
Week 17 - 0996 (+ 5 ) Steem (+0.50%)
Week 18 - 1032 (+36) Steem (+3.61%)
Week 19 - 1040 (+ 8 ) Steem (+0.78%)
Week 20 - 1045 (+ 5 ) Steem (+0.48%)
Week 21 - 1051 (+ 6 ) Steem (+0.57%)
Week 22 - 1059 ( +8 ) Steem (+0.76%)
Week 23 - 1065 (+ 6 ) Steem (+0.56%)
Week 24 - 1073 (+ 8 ) Steem (+0.75%)
Week 25 - 1079 (+ 6 ) Steem (+0.56%)
Week 26 - 1091 (+12) Steem (+1.11%)
Week 27 - 1100 (+ 9 ) Steem (+0.82%)
Week 28 - 1105 (+ 5 ) Steem (+0.45%)
Week 29 - 1108 (+ 3 ) Steem (+0.27%)
Week 30 - 1119 (+11) Steem (+0.99%)
Week 31 - 1151 (+32) Steem (+2.86%)
Week 32 - 1159 (+ 8 ) Steem (+0.70%)
Week 33 - 1166 (+ 7 ) Steem (+0.60%)
Week 34 - 1172 (+ 6 ) Steem (+0.51%)
Week 35 - 1177 (+ 5 ) Steem (+0.42%)
Week 36 - 1183 (+ 6 ) Steem (+0.50%)
Week 37 - 1196 (+13) Steem (+1.10%)
Week 38 - 1204 (+ 8 ) Steem (+0.66%)
Week 39 - 1220 (+16) Steem (+1.33%)
Week 40 - 1250 (+30) Steem (+2.46%)
Week 41 - 1264 (+14) Steem (+1.12%)
Week 42 - 1287 (+23) Steem (+1.82%)
Week 43 - 1300 (+13) Steem (+1.01%)
Week 44 - 1312 (+12) Steem (+0.92%)
Week 45 - 1323 (+11) Steem (+0.84%)
Week 46 - 1351 (+28) Steem (+2.12%)
Week 47 - 1372 (+21) Steem (+1.55%)
Week 48 - 1394 (+22) Steem (+1.60%)
Week 49 - 1410 (+16) Steem (+1.15%)
Week 50 - 1436 (+26) Steem (+1.84%)
Week 51 - 1481 (+45) Steem (+3.13%)
Week 52 - 1505 (+24) Steem (+1.59%)
Week 53 - 1517 (+12) Steem (+0.80%)
Week 54 - 1529 (+12) Steem (+0.79%)
Week 55 - 1540 (+11) Steem (+0.72%)
Week 56 - 1555 (+15) Steem (+0.97%)
Week 57 - 1576 (+21) Steem (+1.35%)
Week 58 - 1606 (+30) Steem (+1.90%)
Week 59 - 1620 (+14) Steem (+0.87%)
Week 60 - 1631 (+11) Steem (+0.68%)
Week 61 - 1647 (+16) Steem (+0.98%)
Week 62 - 1674 (+27) Steem (+1.64%)
Week 63 - 1685 (+11) Steem (+0.65%)
Week 64 - 1702 (+17) Steem (+1.01%)

Average weekly growth (last 10 weeks): +17.3 Steem (+1.08%)

The week was approximately average as far as the past few months have been. Our 10 week moving average, like this week's growth, is about 1%.

A bit more math. My monthly expenses total about 1700 dollars. What would the price of Steem need to be, for me to be able to survive off my full-time work on the blockchain? If I continue to make 17 Steem per week, each Steem would need to be about 23.5 Canadian dollars. Right now they're about 0.5 CAD each, which means they need to increase by 47 times their current price! If Bitcoin increased by 47 times the current price, it would be $362,000 USD each.

Don't quit your day job, DRutter!

If my group's Steem was in one account, it would be the 5262th richest. We aren't exactly the movers-and-shakers of this blockchain! But we sure put out a large amount of quality content, especially given our small size and level of funding.

As the blockchain grows and matures, so will our presence (and income) here. Someday, we may get paid for the work we've done to build this project. Until then, we're pleased to be able to diversify our message here.

my purpose.png

DRutter

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Actually you only need $425/ week for $1700 budget.. over your last 4 week you made 71... that's like 17 STEEM per week.. $425/17=$25... not $100/

Thanks! Recalculating..

Make sure you've signed up for the steemie-curation trails, and collect your Dolla Tokens and crazyrich.io YUM coins asap!! Get in quick. And remember to use the #potcoins and #cryptodope tags.

I would love to make a suitable income from the steem Blockchain. Long way to yet.

Posted using Partiko Android

Have you looked at the weedcash front end? Perfect for your content and would add WEED tokens to your income.

Posted using Partiko Android

I'm kicking your ass at growth.. And even told GanjaCoward to shove it let alone the radical vegans.

And your not totally organic. Just a snobbish hater.

But hell I'll throw you a vote cause your broke and struggling.

From a one time friend! Lolz.

Posted using Partiko Android

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