4 ms·

Depends on what you call "a living". You probably won't get rich from doing $500 bug bounties. But there are hackathons with bounties in the $1000-$10000 rang

by k__ 2y ago

Depends on what you call "a living". You probably won't get rich from doing $500 bug bounties. But there are hackathons with bounties in the $1000-$10000 range. Do 2-4 of those per month and you're good.

kazinator 2y ago
You're not good if they are very close to the bottom of your range. Unless you live in a hut in Thailand or something.
- manuelmoreale 2y ago
  2 or 4 1k a month puts you either above or way above average salary here in Italy.
  - Suppafly 2y ago
    You have to compare it to being a self employed business owner instead of to a salary from a job. Half of it is going to go to taxes.
    - manuelmoreale 2y ago
      Self employed since 2011. In Italy. I know how this world works. If you get 2 to 4K a month you can easily live an absolutely normal life or even above average.
      - Suppafly 2y ago
        I suppose it depends on how you are defining normal. Does that mean owning a home and vehicle and supporting a wife and kids, or does that mean sharing an apartment with multiple people and using public transport and not having any savings? I get that the cost of living is lower in Italy, but different people have different ideas about what constitutes comfortable. Just from googling, the 2k seems like it'd be a bit of a struggle but the 4k seems like it'd be pretty nice.
        manuelmoreale 2y ago
        2k/mo pre taxes as a self employed would allow you to live a normal life meaning you’d not struggle to get through the month. 4k/mo would allow you to easily buy a house and live an above average life. This is obviously true for most of the country and it’s different if you want to live in one of the big cities but that goes without saying.
        kazinator 2y ago
        If you happen to be supporting a four-member family on that 2K, it's barely above the poverty line. Even when you're young and single, it behooves you to think about retirement; it's sooner than you think. You need a safety net in case something happens, leaving you unable to work for a long time. If you support a family, you have to think about things like education funds for the kids, and what happens if you suddenly die.
        manuelmoreale 2y ago
        Agree on the family but if 2 people are working (which is normal) with two 2k salaries you’re doing just fine. Retirement is provided by the state here so it’s not something I have to plan for. Again, just to reiterate, the original post was using 2k/mo as the absolute minimum and the point I was trying to make is that a few Ks a month is a reasonable living in way more places that people realize. But I suspect a non negligible % of people here on HN have a distorted view of the world and how much living cost.
        newaccount74 2y ago
        In Austria, 2k/mo before taxes is roughly what you earn as a part-time employee filling shelves at the supermarket [1]. [1]: Typical supermarket job in Austria: https://jobs.aldi-hofer.com/hofer-karriere-at/job/Linz-BACKBOX-&-Regalbetreuer-%28mwd%29-Spittelwiese-6%2C-4020-Linz-Ober-4020/719967001/?feedId=245101 https://jobs.aldi-hofer.com/hofer-karriere-at/job/Linz-BACKB... The advertised salary for 21 hours/week of 1330€ is paid 14 times per year and comes to a total income of ~15.7k€ after taxes. If you make 24k€ a year as a self-employed person, you will have to pay ~400€ taxes + 6.5k€ pension + health insurance leaving a total of ~17k€ after taxes.
- maccard 2y ago
  $4000/mo pre-tax is an above average salary for the UK. You'd live just fine in most places in the UK (london aside).
  - newaccount74 2y ago
    Can't really compare a salary to bounties. With a salary, you can rely on the income. If you have irregular income, you need to plan for a lot more since you'll always have slow months with no income, or customers that don't pay or pay much later than you expected, and you have a lot of costs that employees don't (eg. you need to pay for your own hardware, office space, accountant, tax advisor, health care, pensions, unemployment insurance, etc).
  - kazinator 2y ago
    Are you including two kids and a retirement plan in the picture?
newaccount74 2y ago
That sounds somewhat feasible, but are there enough of those hackathons around? Can you take part in 20-50 hackathons a year? Most hackathons also require some kind of preparation, I doubt you can just show up, work for 15 hours, and collect $1000? I'd really love to hear from someone who is making a living from bounties or hackathons, because it just seems very hard or impossible to me.

by k__ 2y ago

kazinator 2y ago

You're not good if they are very close to the bottom of your range. Unless you live in a hut in Thailand or something.

manuelmoreale 2y ago
2 or 4 1k a month puts you either above or way above average salary here in Italy.
- Suppafly 2y ago
  You have to compare it to being a self employed business owner instead of to a salary from a job. Half of it is going to go to taxes.
  - manuelmoreale 2y ago
    Self employed since 2011. In Italy. I know how this world works. If you get 2 to 4K a month you can easily live an absolutely normal life or even above average.
    - Suppafly 2y ago
      I suppose it depends on how you are defining normal. Does that mean owning a home and vehicle and supporting a wife and kids, or does that mean sharing an apartment with multiple people and using public transport and not having any savings? I get that the cost of living is lower in Italy, but different people have different ideas about what constitutes comfortable. Just from googling, the 2k seems like it'd be a bit of a struggle but the 4k seems like it'd be pretty nice.
      - manuelmoreale 2y ago
        2k/mo pre taxes as a self employed would allow you to live a normal life meaning you’d not struggle to get through the month. 4k/mo would allow you to easily buy a house and live an above average life. This is obviously true for most of the country and it’s different if you want to live in one of the big cities but that goes without saying.
        kazinator 2y ago
        If you happen to be supporting a four-member family on that 2K, it's barely above the poverty line. Even when you're young and single, it behooves you to think about retirement; it's sooner than you think. You need a safety net in case something happens, leaving you unable to work for a long time. If you support a family, you have to think about things like education funds for the kids, and what happens if you suddenly die.
        manuelmoreale 2y ago
        Agree on the family but if 2 people are working (which is normal) with two 2k salaries you’re doing just fine. Retirement is provided by the state here so it’s not something I have to plan for. Again, just to reiterate, the original post was using 2k/mo as the absolute minimum and the point I was trying to make is that a few Ks a month is a reasonable living in way more places that people realize. But I suspect a non negligible % of people here on HN have a distorted view of the world and how much living cost.
        newaccount74 2y ago
        In Austria, 2k/mo before taxes is roughly what you earn as a part-time employee filling shelves at the supermarket [1]. [1]: Typical supermarket job in Austria: https://jobs.aldi-hofer.com/hofer-karriere-at/job/Linz-BACKBOX-&-Regalbetreuer-%28mwd%29-Spittelwiese-6%2C-4020-Linz-Ober-4020/719967001/?feedId=245101 https://jobs.aldi-hofer.com/hofer-karriere-at/job/Linz-BACKB... The advertised salary for 21 hours/week of 1330€ is paid 14 times per year and comes to a total income of ~15.7k€ after taxes. If you make 24k€ a year as a self-employed person, you will have to pay ~400€ taxes + 6.5k€ pension + health insurance leaving a total of ~17k€ after taxes.
maccard 2y ago
$4000/mo pre-tax is an above average salary for the UK. You'd live just fine in most places in the UK (london aside).
- newaccount74 2y ago
  Can't really compare a salary to bounties. With a salary, you can rely on the income. If you have irregular income, you need to plan for a lot more since you'll always have slow months with no income, or customers that don't pay or pay much later than you expected, and you have a lot of costs that employees don't (eg. you need to pay for your own hardware, office space, accountant, tax advisor, health care, pensions, unemployment insurance, etc).
- kazinator 2y ago
  Are you including two kids and a retirement plan in the picture?

newaccount74 2y ago

That sounds somewhat feasible, but are there enough of those hackathons around? Can you take part in 20-50 hackathons a year? Most hackathons also require some kind of preparation, I doubt you can just show up, work for 15 hours, and collect $1000? I'd really love to hear from someone who is making a living from bounties or hackathons, because it just seems very hard or impossible to me.