One of the most interesting things about the Hive ecosystem for me is that there are just so many different ways to create income streams.
You can easily set up and maintain both passive and active income streams on the same platform. Let’s take a look at some different forms of income streams that you can create on Hive!
Active Income
Creating Content
This is the main attraction that drew me into Hive. As a small content creator I really like that there are so many different frontends/tribes for so many different topics, and they’re interconnected through tags.
This means that it’s super easy to make sure that you reach the intended target audience for your posts, even on multiple blogging platforms.
Also, you’ll earn rewards in several different tokens depending on the amounts of upvotes that you got on different frontends.
When I started out I wanted to find a blogging platform that would allow me to start earning a few cents a day for writing about things that I’m passionate about. I’ve have within a few months far surpassed this goal, and am currently bringing home over a dollar per post, usually.
It might not sound like much, but this is just the beginning. One should never underestimate the snowball effect.
So, how does this income stream work? Create great content, get upvoted by people who found your content valuable and entertaining, receive a payout after one week. It does require you to continually and consistently create good content, but the ceiling for how much you can earn is very high.
Curation by Upvoting
This little gem of a feature is amazing. By spending your voting power to upvote great content, you and the other voters will receive a small portion of the post’s payout.
This truly incentivizes curation and curators, as actual money can be made by simply finding good articles and upvoting them.
As a smaller account you’ll most likely not earn much doing this, but it’s so easy to do and as you’ll naturally want to upvote any content you find valuable, as long as you’re an active reader on Hive, this income stream is basically automatic.
Commenting
If you’re more into holding discussions about topics that others write about, you’re in luck. When you comment on other authors posts, your comment can be upvoted just as any full article, and you’ll earn rewards from those upvotes just as upvotes on full articles.
This means that if you’re an active commenter who posts insightful comments that other readers find interesting or helpful, you can earn quite well from just commenting. You might find that you need to comment on a lot of posts and always make your comments interesting, so this income stream is more of a little side bonus, for me personally.
Passive Income
Curation by Delegation
I love this one. Due to the fact that there’s money to be made by curation and upvoting, and that you’ll earn more if you’re upvote value is higher, there are many curation project on Hive.
These are larger account that scour the frontend, tag, or topic that they want to support and they find great content and upvote it.
This adds value to the author of the post, to the curation project, to the readers who’ll more easily find articles with many votes, and to the Hive blogosphere as a whole, as these high quality articles will be more visible.
The best thing is that you can delegate your HP (or any tribe token power) to these curation projects, who’ll use your HP for curation, and they’ll pay you back most of the rewards that they received. Usually you’ll get a payout of 80-90%.
This means that you can just accumulate HP and delegate it to curation projects to be able to have a completely passive income stream. The challenge here is to accumulate enough HP in the first place.
Accumulating HP can be done through the active income streams that I presented, or by investing your external funds into Hive, so there are options for everyone.
Mining & Investing Tokens
On the Hive Engine, there are many tokens that allow you to earn rewards for simply holding and sometimes staking these tokens. Completely passively.
I’d suggest you read my article A Quick Guide To Hive Engine Mining And Investment Tokens to learn more about this option.
As a buy-and-hodler at heart, I find this income stream very pleasing.
Blockchain Gaming
I put the blockchain gaming income stream as a separate section because in can be anything from almost completely passive to extremely active. It all depends on you preference and on the games that you choose to engage with.
Personally I have three games in mind that I’m interested in at the moment.
Splinterlands
Splinterlands is a collectible trading card game in which you’ll build a deck of cards that you’ll use to battle other players with. The cards themselves are NFTs and most of the have gone up in value quite a bit in the last year.
If you want to take the active route, you’ll most likely complete daily quests to receive free rewards which sometimes include free Splinterlands cards and you’ll battle other players in the Arena, where you’ll earn Dark Energy Crystals, which is a token that can be used to buy more cards or trade on the Hive Engine.
If you want to take the passive route, which I’m currently doing due to a lack of time, you can rent out your cards to other players. This enables you to almost completely passively earn Dark Energy Crystals from your rented out cards. Many people are doing this as a business venture, by investing in rare and powerful cards with the sole intent of earning rent income from them.
Rising Star
In Rising Star you’re basically managing a virtual music career. This game is semi passive, basically an energy management game. You start mission that earn you Starbits, the native token which can be used for buying better cards or be traded on the Hive Engine, and these missions deplete your energy (which regenerates over time). This game requires you to check in a few times a day to start a new mission, but can be played a bit more actively if you want to optimize your energy usage.
For me, who at the moment has a full schedule with work and family, this is so much fun and fits my life perfectly. The game is currently in beta, and will in all likelihood only become even better as it develops further. Seriously great!
dCity
I added this to my list as I’d like to get into it myself. I’ve heard a lot of great things, and I’ve heard that it experiences some balance issues with its economy. I have not researched enough to make any statement about that.
What I do know is that this is a passive city simulation game where your city is made up of NFT cards that represents building and citizens, and you can earn the native token SIM by setting up and balancing your city correctly. From what I’ve heard, if done correctly, this will become a basically completely passive income stream.
My research in this one is a bit on the back burner, as I’m a bit swamped with other projects. But I’m currently trying to get a hold of as much SIM as I can without spending external funds, so I can get started with dCity without risking any non-Hive Engine funds. Just a precaution as I do not yet understand the challenges in this game.
As you can see, there are some many interesting ways to earn an income here on Hive. I bet these different income stream opportunities will only increase as Hive continues to grow and expand.
Buzz, buzz Hive!
Disclaimer
This is not financial advice. Do your own research. You are responsible for your own personal decisions and your own personal economy.
Support
If you would like to support me, you could use my referral links below to the services that I recommend. You can also support me by tips directly through Hive, or via a Splinterlands Card/DEC donation.
You could also consider supporting Hive’s no. 1 social token Hive Pizza! By holding and staking 20 PIZZA you can start using their PizzaBot to reward great content creators with a hot slice of PIZZA. You can also delegate Hive Power to @hive.pizza for a daily curation reward to stack even more slices!
Cryptocurrency Exchanges
Binance
Coinbase
Gemini
Web Browsing
Brave Browser
Presearch Search Engine
Blockchain Games
Splinterlands
Rising Star
CryptoBrewMaster
Thanks for your comprehensive sharing.
Do you know anything about earning through voting for witnesses? How does that work?
Posted Using LeoFinance Beta
No, I haven't looked into that, not yet at least! If there's money to be made there while voting for reliable witnesses I'd love to dig into that, when time permits!
I agree with you Hive is a great place to earn, literally something for everyone. It is also very easy to become completely overwhelmed. I suggest that the newcomer go slow, and do one thing then move on to the next.
Do not try to do everything Hive has to offer all at once to prevent overwhelm syndrome :-)
That is absolutely good advice!
Thanks you so much for the validation 😀
Great post.
There is another passive income is 12% interest on HBD savings.
Posted Using LeoFinance Beta
That is absolutely true. A great way to earn passively!
Congratulations @technocrypton! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 3500 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Yay! 🤗
Your content has been boosted with Ecency Points, by @technocrypton.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
@technocrypton! The Hive.Pizza team manually curated this post.
PIZZA Holders sent $PIZZA tips in this post's comments:
Learn more at https://hive.pizza.
Dcity is great in that,, like you say,, you can do zero and earn. I find it a little tricky though and the;"taxes" eat up almost everything earned. I believe the intent of the taxes is to fight SIM token emission/inflation, which makes sense.
I've really been enjoying the Dcrops game (and I am not a "gamer" type). It's in the middle of active/passive scale. Easy to understand concept...get land, get seeds, plant seeds, wait, harvest. Done over two week cycles. Referral link: https://dcrops.com/?ref=crrdlx
!LUV
@crrdlx(1/5) gave you
Yes, I've read about the tax situation. That's the main reason for my decision to not spend any external funds on the game initially at least, I really like the game idea, but if it's very difficult to make profitable there are other games that's better to focus at. I've had dCrops on my radar, but haven't yet looked deeper into it. Thanks for the recommendation!
Nicely written and well articulated you keep up the good work as it is a blessing :)
Thank you!