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

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.