How to passively earn Electroneum with your phone

in #etn7 years ago

ETN MINEr.png

If you're like me you like to earn cryptocurrencies passively, without risking naything or having to do anything. With your phone it's now possible to do so, as the Electroneum app allows you to mine the cryptocurrency as long as you have the app open and the device is connected to the internet.

Now the device doesn't activey mine cryptocurrencies, or it would become completly useless while performing the intensive task. Instead, the app benchmarks your device and allocates it a spcific hashrate, allowing you to earn by "mock mining."

You won't earn a lot of money but all in all you aren't really risking a lot by doing so. Electroneum is currently being traded at Cryptopia mostly, so I advised you to use that exchange to trade your tokens.

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You should consider writing about a cryptocurrency master node, a form of passive investment in the cryptocurrency world. You basically buy a large number of coins, usually between 1000 and 50,000 depending on the coin. You agree to hold the coins on your desktop computer in a special type of software called a master node wallet. This software must be in constant communication with the internet to facilitate transactions and perform other specialized computer software for the cryptocurrency coin blockchain. You need a large amount of technical expertise to set-up this computer software and special type internet connection called a VPS server, which can be very difficult. But once it is created it runs by itself with some monitoring by you and generates income daily, weekly or monthly, depending on the coin. You are paid in the same currency in this masternode and you can then exchange it for Bitcoin, then your fiat currency of choice like the U.S. Dollar, Yen or Rupee to pay bills and spend on whatever you wish. This means significant work in the beginning, but after you set it up it works by itself making you money without any further work from you as except monitoring the software periodically and fixing it when it has problems long as the software works properly and the internet connection is maintained.
More info here:
https://steemit.com/investments/@shortsegments/the-newest-passive-investment-strategy-for-smart-investors-cryptocurrency-masternodes

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