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What are you hoping to pay off?

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by COINS NEWS 90 Views

I am in my fourth year of medical school and I just accepted my student loans for the final year today. My total student loan debt is now well over $300k.

I started med school in 2020 with zero debt. Nothing. Everything was paid off. The idea of living with so much debt really bothered me. I began to consider crypto as an option shortly after starting school. I spun up a bunch of GPUs mining away in late 2020 and really enjoyed having extra income from the miners through 2021. It was like having a second job that I didn’t have to work at (other than keeping up with weekly maintenance and replacing bad hardware). While I was studying my tail off, the miners in the basement made extra spending money that really helped my family and I make it through the first two years. I accumulated well into 5 figures worth of crypto and expanded my miners until my basement was at max capacity on the electrical panel. Those were good times. I knew it wouldn’t last forever and that there would eventually be a market downturn. But that was ok, because I was not mining for this bullrun, but for the next bullrun because that coincided with my student loans coming due.

The thought of that debt weighs heavily on my mind as I check crypto charts and my bags multiple times per day. I ROI’d my equipment during 2021, and my miners have mostly been in hibernation since last year. Pretty much everything that I have was attained at no cost, and I can technically afford to lose it all. But that debt… My hope is for the next bullrun to pump my bags up to the point where I can just write a check to pay off those student loans. It is a long shot, but it sure beats playing the lottery.

Tell me, what are you hoping to pay off?

submitted by /u/iamsoldats
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