Sadly, it has come time to part with my GF. Again, it has taken me a long, long time to make this decision. However, given the new outlook on my next venture…It is time for me to accept that the GF will never be what I thought it would be - in regards to a Business aspect.
Truth be told - I’m cutting my losses with the GF now and am going to reinvest those proceeds into Crypto - Raven specifically. I started this new venture back in May and am already turning more profit that I had estimated.
I have built a Mining Operation that is currently generating, roughly, $20/day (after electricity costs). For me, cutting my losses with the GF and reinvesting that into my Mining Operation will net me another $10/day and send me into the next phase of my Mining Operation’s Development.
Just to put it into perspective:
I have spent roughly $10k total on my GF, materials, admin costs and whatever else I needed to get my name and creations out there. I have managed to sell about $1k of creations since I got the GF. If I can get $2500 for my GF now…that puts me at -$6.5k equity. Chalk that negative equity as a loss and figure it into the profitability timeline of the Mining Operation…which after the Operation in complete…will be about 2 months of mining revenue. Sure, I will carry the loss well into 2022, but my current projections will have my Mining Operation generating $3.4k/month by 09/15/2022 (and that is at today’s Ravencoin rate). However, profitability will increase, if, the value of the coin increases as time goes on.
So, you see, it is only temporary that I will be saying goodbye to this GF…I will get another one, but it probably won’t be for a couple of years and it will be solely for my own enjoyment and personal creations - which I will then tokenize onto the Blockchain and add a layer of permanent authentication…thereby increasing the value of said creation…in which there will be a permanent record of ownership and authenticity.
In order to set the current plan into motion, I have to give up my GF in the interim, to get my passive income to buy another GF when I am more prepared for making creations and learned how to tokenize them on the blockchain.
Believe me, if I was aware of how easy it is to make money Mining Crypto back when I bought the GF…I NEVER would have bought it. I would have poured everything into a Mining Operation to make a passive income to buy a GF later…
So, that is why I am deciding to part ways with my GF. It is the catalyst I need to take my Mining Operation to the next level…to make more income…to reinvest that income into an even bigger Mining Operation…to reinvest that income and so on and so on. Eventually, I will get to a point to where I can take a step back and then start looking at things like a GF to pursue my creative ways…until then, all that stands between me and the next phase of my Mining Operation is a GF Pro that I don’t use that much anymore…