What are the ways to Earn in Crypto Space other than Investing in it ?
We know Crypto space is booming big more than we imagined , do you know there are other ways to Earn extra money from whatever you have invested in it ?
Proof of stake coins, the coins that you bought and if they are stored in their native wallets will earn you more coins.
Like NEO, currently trading at 80$ and if you store NEO in its wallet it will earn Gas for you, while you sleep.Check this blog for NEO Wallet set up
Run Master nodes for the coins. Though ROI is really big for running master nodes, still you have to have the minimum amount of those coins to run a master node and most of the master nodes can be run in their wallets.
Click here to see, the list of master node coins and their ROI
Run child nodes for the coins, like you can run a Secure node for Zencash which will need some technical knowledge to set up the node, 42.25 Zencash, one Domain name, one Virtual private server or a computer with good configuration.
It will cost you 5$ per month to run a node but the current payout is 0.05 Zencash per day which is 1.50 Zen per month(Current price of Zen is 50$) which is very profitable.
Mining, obviously everyone is aware of it but we need some money to invest in Mining.
Let me know if you know any other ways to earn extra money from Crypto space and leave it comments, I will add it to the blog.
Happy Investing in Crypto...!
Back in 2014 I used to own a mining rig (6 R9 270x's). I primarily mined DogeCoin, shut down the rig when I moved out for college because it was becoming a little too unprofitable with the competition and I couldn't really maintain it/bring it with me.
I also am a huge fan of NEO, love their Smart Economy and own some of their coins to generate GAS.
I can vouch for these two methods. The mining rig back in the day paid for itself and made a little extra before I shut it down, making it a profitable hobby that helped me dive into cryptocurrencies. Mining is an important part of maintaining security in proof-of-work coins, however it does waste a ton of electricity, so make sure to look into how much your electricity bill costs before you commit too hard.
An important thing to note as well is certain coins are more/less efficient to mine in certain ways. If you tried to mine Bitcoin with your graphics card, it is terribly inefficient because you're competing against ASIC's, which are specialized hardware built to be REALLY efficient at doing one thing, and that's mining. So if you are going to mine with your graphics cards, make sure you're doing it for a ASIC resistant coin. I could be wrong, but VTC/XMR/ETH/FTC and a few others are ASIC resistant, so you're in a fair competition against other graphics-card miners when you mine those coins.
Yes, I agree, I also had same kind of thought that mining is not very profitable.
#bitcoin
why people talk about bitcoin
Nice post
Thank you :)
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#bitcoin
how to get it for free, can you explain
Well, there are ways but I have not tried any of them and dont want to mislead any new users. Still they are not ponzi schemes.
a.Bicoinpopper
b.blockchaingame
bitcoinget.com
Link to the site
Let me know, if you came across any other ways, I will surely take a note of it. But since they are free, they might come with a risk also - Just a note of caution.