Ways To Earn Money With Cryptocurrency!
The other day, I was having a discussion about cryptocurrencies and making money online with my friend.
He has more of a traditional mindset and thinks that cryptocurrencies are a risky, and you can't really earn money on the internet unless you do some dark business.
Of course, I had to prove him wrong! I am an absolute crypto Enthusiast and nothing excites me more than discussing crypto topics.
Ways to make money with cryptocurrency
1) Of course, Steemit!
When researching about this topic, I stumbled upon Steemit!
I immediately thought, what an amazing idea for a website - a combination of social media and cryptocurrency.
Of course, I don't have to tell anyone here how big the opportunities are with steemit.. you can really earn money online by posting articles, as long as they're high-quality and you post regularly!
2) Cryptocurrency mining
Mining is the most traditional way to earn cryptocurrencies.
Although a lot of miners have become unprofitable with the increasing difficulty rates, some are still worth your investment.
The Wolf V1 offers the most speed, while Antminers by bitmain are one of the most popular models currently.
They make about $50-$120 per month, depending on the model you choose and on your electricity cost.
3) Completing tasks on website
This method doesn't make that much money, but it's extremely easy: you can earn btc for fulfilling simple tasks on these websites.
- Ads4BTC: earn btc for watching short advertisements
- Coinworker.com: get bitcoin to complete analytical tasks
- Bitfortip: earn bitcoin by answering forum questions
4) Bitcoin lending
If you hold some BTC, you can make money by lending them to other traders. Of course the benefits for you depend on your amount of btc, the duration of the lending etc. But it can be a very profitable option!
Thanks for sharing my friend, I did not know options 3 and 4. I'm going to investigate a little. And thanks to steemit that not only allows me to make money, but also that I can read post like yours, to win more!
BUY Crypto, SELL the US toilet paper dollar!
The dollar will begin its 18 year cycle with a 9 year downturn period to the eurocurrencies as it always has done. This will probably be very bullish for precious metals as well.
Check out this post for more on the cycles of weakening US dollar and the current state of the dollar.
https://steemit.com/dollar/@sjovmaiin/the-coming-fall-of-the-us-dollar
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nice job digitalmoney!
Thank you :))
Realy great work!
Nice way to make some extra money... @pocketechange
By the way... Check out my Blog on the Speed of Sight... @pocketechange
Hi there i have just joined and have no idea how to get people to see may first post and get steemed up ,
Please like my post on Africa burn there loads of great photos and id love someone just to look at it :) Thanks Graham
Hi,
if you are looking for smart ways to earn more cryptocurrency check out bounty hunting. The best platform to find cryptocurrency bounties is Bounty0x.
https://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x
Good post! You can also get coins by staking (Im saying thats different to mining) as you dont need special hardware, just put your coins in to a core wallet and 'unlock for staking' and see the coins roll in.
Another option to hash/scrypt mining is researching, Gridcoin uses that, you dedicate your ordinary computer to researching disease cures and you get crypto for it.
Another thing you can do is loan out your spare computer hard drive space, coins like Sia pay you for that.
Even more fun is SolarCoin where you get paid for having solar panels, every 1MWh you make = 1SLR.
Crypto sure is an amazing place, so many cool ways to earn some.
great post, and very informative.
I'd like to call your attention to this thread that says the KNC Titan 2,0 miner does not exist. And they claim the website that is selling these to be a SCAM. So be carfull If you decide to buy a miner make sure you do your homework to avoid beeing scammed.
http://cryptomining-blog.com/8704-knc-titan-2-0-miner-is-a-convincingly-looking-scam/
Thanks for letting me know - I wasn't aware of that! I will edit the article so that no one falls for this!
Np! thx for editing the post.
Which is the most profitable?
Trading and mining would be the most profitable, but you need knowledge and experience to be able to trade successfully.
And for the miners, the Antminer L3 by bitmain makes about $7 in revenue per day, while the Titan makes $40-60 a day.
Of course the Wolf V1 has the most hashing power, it makes $130 a day but it's much more expensive (over €6000), so your choice depends on your budget.
Bitcoin lending can be quite profitable, but only if you own relatively large quantities of btc and don't need them available for trading.
And completing tasks to earn btc only makes little money, but of course it's the least complex as well.
The Knc-miner website might be a Scam.
https://news.bitcoin.com/mining-hardware-scams-rise/
Hats off, very good and accurate answer.
Adding you to my follow list.
Another great aspect of cryptocurrency is that if affords privacy to those using it, so you can use it to have your spouse whacked and it can't be traced back to you. Theoretically, of course.
Hey Bro,
Good Stuff!
Follow me? https://steemit.com/@dnonomos
Just another BitCoin Collector.
Cheers! Upvoted your articles!
Thank you, that's awesome. Followed!
Hi there i have just joined and have no idea how to get people to see may first post and get steemed up ,
Please like my post on Africa burn there loads of great photos and id love someone just to look at it :) Thanks Graham
https://steemit.com/cloud/@zaragast/what-is-genesis-mining-and-how-function
this is another way to earn Bitcoin with cloud mining
I'd recommend avoiding any cloud mining service. I don't know of one that didn't turn out to be a scam or a big loss to those who invested in using it.