Understanding Cryptos and how to turn it into a Passive Income stream (Part 2)

in #bitcoin7 years ago

understandingcryptosandhowtogetapassiveincomefro.jpg

Until now I don’t have good experiences in mining but what I know is that it can bring great returns if you know what to do and how. I did try my hand in Asic mining BTC with Antminers from S1 to S3, before I finally gave up. Both Wolf0 and Pallas are legends in this domain(GPU/CPU). A disadvantage in comparison to staking is: It is technically very complex and requires skills and an understanding that only can be achieved over a longer period of time.

I have set up several masternodes — ENT / Eternity, CHC / Chaincoin and DAS (NOT the DA$ from Cryptopia!) — as an experiment and they bring nice small gains on a regular basis. But the disadvantage is: Setting up of masternodes is not easy for many people either. It is much less complex than mining but still quite a task for people not too knowledgeable in Linux. I have to admit that it was a tough job for me — but I hope I will reap the rewards in the future. The annual returns for the masternodes above are somewhere between 90–150%/year (please consider that there are small expenses for VPS-servers, too). The really interesting part is when you get high returns and the price rises at the same time. You can find good overviews about different masternode coins here: (please note that the data is correct at the time of writing!)

http://masternodes.pro/
The cheapest VPS I could find are free, also, please pay careful attention to what’s available on the free tier.
1: amazon web service
2: google cloud

as for the links to exchanges where the mentioned coins can be bought.i was given a warning in another post by steemcleaner about links , sorry you have to google those yourself as they can be deem dangeous links or affililate links

Cryptopia: for Chaincoin
Novaexchange: for Das
Livecoin : for Eternity

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