I actually picked up a considerable amount of side consulting by being a regular commenter on a well known blog. While I make money from that side consulting (near 6 figures), it's actually a drain on how I make money in other ways. It almost doesn't pay (but it's fun). [1] However the time it took me to earn enough of a reputation which led (in an indirect way) to the consulting (and contacts) was really a poor use of my time.
A better idea time wise, to jump start reputation, and build a rep (in a community like HN if that is what you are trying to do) would be to attempt to do things that are remarkable and get attention. Then people might talk about you and you will have the reputation that you seek that will bring other things that you need.
[1] I also get to meet many interesting people and contacts as well.