This post is a call for ideas on building a crypto income. My focus is on income, not investing as such. I don't have fiat to put into investments, but want to build an income. Some of the different activities I have used so far are:
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source: pixabay
- Mining. I use minergate (This is a referal link which may benefit me if you join through it) My computer's are not great and I don't have a decent graphics card so my mining returns are quite small. I probably only make a few dollars a week, but am planning install a new GPU soon to boost this return. Minergate is relatively easy to use without much technical knowledge. It may not be the best paying way to go, but it suits my needs at the moment. Currently I am mining Monero, as it offers the best return from minergate with my equipment.
- Cloud Mining. Also through minergate, I have some cloud mining contracts. These are on Bitcoin and Monero. I bought some of these with fiat earlier in the year, and have reinvested most of the earnings. Recently I turned some of the profits into Steem, but have now gone back to buying more contracts from the profits. I have invested around $300 of fiat in these contracts, and at current prices am making around $10 per week. The biggest attraction for me with Minergate as opposed to other cloud mining offers around was they run for life - or until no longer profitable. Some of my contracts bought early on at around $13,000 to $14,000 BTC price level have gone close, but all survived the dips below $6,000 and continue to pay out everyday.
- STEEM from daily posting. Obviously, being active and posting daily here provides some daily income. I have worked on building some conections and being involved in a few communities, and their support and encouragement (and votes) adds up to a few dollars a day currently for my posts.
- @steembasicincome. I am a big fan of SBI and have been working very hard to build my numbers of shares up. Another appealing part of their program is the "lifetime" of up votes. This still requires me to remain active regularly to continue to benefit from the flow of votes.
- Delegate SP to voting services/bots. So far I have only delegated to one service - @tipu. The return is nice, and I love that they pay daily. I am definitely keen to do more of this with them, and other services as it is a truly "Passive Income" - my favourite kind of income.
- Sell votes. I have done this a little but my vote still isn't worth much. I also traded some votes for SBI shares from my followers, and that had a good impact. I havn't made much from this, or from following curration trails (from curretion rewards) yet, but can see that money can be made this way with higher SP levels.
- Manna - I have signed up for Manna and now have a couple of referrals. This earns a couple of cents a week, but may be worth more in time - who knows. Its free and requires no work. My referral link is below if you are not already a member. (I will benefit if you join from my referral)
- Paid reviews. On the weekend I wrote a review of the @kiwibot service - click here for details. I was paid with an SBI share. The review is genuine and it is a service I do use and would very happily recommend. That post has a @steembasicincome opportunity attached to it, but no one has taken it up yet. See the linked post for more details.
- In the past I tried out some faucets, but the time and repetitive nature of these got boring and I gave up on them without really making anything.
source: pixabay
The purpose of this post, with a small bounty attached via @steem-bounty (the first time I have used their service) is to call for comments with other ideas for generating Crypto Income.
I like passive income, as my fiat life is demanding and my time is limited, but all sources of income are interesting to me. Obviously not interested in anything illegal or immoral, but keen to find out what else is out there. Trading is not really for me - I don't have the money to invest or the time to monitor it, plus when I have tried it I was not very good at it.
Let me know what else is out there. What income sources should I research.
Thanks for your time reading and responding to this post.
Have a great day,
John.
I have recently posted a review of @kiwibot. Click this link for more details and a @steembasicincome contest there.
If you would like some free crypto, follow this link: https://www.mannabase.com/?ref=4884fdd285. Manna is a cryptocurrency aimed at providing a Universal Basic Income to all. Once a week, Manna is deposited in your account. You can earn bonuses through referrals like this.
20% of this posts payout is nominated to go to @crypto.charity to support their work. Please also consider ways you can lend a hand.
I like passive income, as my fiat life is demanding and my time is limited, but all sources of income are interesting to me. Obviously not interested in anything illegal or immoral, but keen to find out what else is out there. Trading is not really for me - I don't have the money to invest or the time to monitor it, plus when I have tried it I was not very good at it.
Let me know what else is out there. What income sources should I research.
Thanks for your time reading and responding to this post.
Have a great day,
John.
Look into crypto coins that integrate with steemit. For example @smartcash where steemit users who post good content regarding smartcash can earn smartcash coins.
Also find free games on steemit that allows you to earn steem free! I am currently playing @steemnova. Here is game link: my referral link
Thanks @mawit07 I have heard of smartcash but haven't looked into it yet. Its on my radar now for further investigation.
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start staking xptx. you're welcome
Thanks @dhouse, I'll look into it. Sounds promising, I'll have to see if my crappy computer can mine it.
Posted using Partiko Android
staking doesnt take much in terms of hardware, most computers can do it. it's just a matter of downloading the wallet, sending your coins there, and leaving it open and running. xptx is on cryptopia and has a 230% ROI when you stake, that's without compounding. Its price seems to stay very stable in the range of $0.85-$1.10. It stakes nicely even with fewer coins, although the more the better, obviously.
I think this might be the suggestion I was looking for from this post. It sounds like staking is exactly what I am after, practically completely passive, compoundable (if thats even a word??) Income. Thank you this is top of my list now to research further.
Posted using Partiko Android
In general, staking and masternodes are perhaps the best way to passively generate income in crypto.
hi @jk6276
I just read memo you've sent to me. Thx for invitation. Perhaps we could get in touch via email ([email protected]) or telegram (@crypto_piotr)?
memo's are very easy to miss.
Now let's see what is your post about ... :)
Another reason to keep in touch even closer :)
What are faucets?
ps.
did you try to contact any ICO and offer them writing review about their project? That also can bring some income.
Yours
Piotr
Hi @crypto.piotr, I will get in touch by email soon,
Faucets are websites that basically drip a small amount of crypto to you every now and then for being on their website. Usually, there is a million ads on them and you have to solve captcha's or some kind of "prove you are not a bot" type test for a few satoshi's or whatever coin they use. I found them to be a major time waster with little to no payout.
I haven't tried writing reviews for ICO's yet. I am still working on my blogging skills, and my Cryptocurrency knowledge and don't think I am at a point yet or connected enough yet to make that work for me... Yet. But it is something in the back of my mind for the future, when I will hopefully have more research time.
Chat soon,
John.
Another source of income could be by becoming a Steem Bounty Hunter. You are already using @steem-bounty service. If you become a Steem Bounty hunter, you can look for posts where Steem Bounty is set and comment on those posts to earn additional rewards.
I wrote about becoming a Bounty Hunter here- https://steemit.com/steem-bounty/@rjoshicool/earn-more-on-steemit-by-becoming-a-bounty-hunter
Thanks for your comment and suggestion. This is the first time I have put a bounty on a post and I am definitely interested to see if it works to generate more valuable comments. Congratulations on being my first bounty upvote.
Thanks a lot. I am sure if you take a look at- http://steem-bounty.com/ you shall be able to see posts from where you can earn more income by replying with informative, helpful and quality comments.
I have tried almost all the above methods of earning income. There are lot of scammers online saying that you give them some btc and then the would allow you to withdraw your mined btc...as you said I have tried some online mining free contracts but return is very very less and they are not worth our time. I have tried cloud mining from ebot . It's GUI is tempting but it pays you nothing. Only economical if you have good number of referrals and they should be active. I have migrated account I guess. But those demanded me to buy some contracts which I cannot do at this stage because I'm a student and I'm just trying out free things.
Then coming to free faucets....I have 20-30 free faucet accounts and you know the problem with them. You have solve the boring captcha in order to claim free Satoshi and over time I realised that it is also not worth time. What not!! have tried several other things but I forgot. Finally I landed up here in this beautiful community and happy that my time is worth spending time in this platform. I have won some SBI shares and getting rewarded for good comments, made some great frieds, seen amazing articles and great writers. This is a complete package.
Anyways , one of my keen observation is that if you are active on social media, and you are pursuasive and have made some pretty good followers then You will be earning a lot from your referrels.....I know one of our steemit friends here...he is stackin. He has 1000s of followers and seen that every time he post something about a project which has a referral program, lot of people respond to his referrel links and register from there.
For cloud mining, minergate are pretty good, their return may not be the fastest but the contract are for life (or till not profitable) and i have had no trouble withdrawing.
I avoid anything that seems too good to be true, they are usually a scam. Yes social media and referrals is an appealing option, working on it.
Thanks for stopping by @kpreddy.
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For cloud mining...Can you mine any coin that you want??...Because reward for block mined is very very low these days for well known coina and is not profitable.
Can I mine steem,IOST or any coin that I want using minergate??
Minergate is only btc and xmr. There was rumours of eth but it hasn't happened
Posted using Partiko Android
I don’t know if you like sports or not. But of you do, maybe Scorum could be gold mine for the moment.
It is a sports blogging platform and looks a lot like steemit! The same way of earning! It is online for a little bit more than a month and could be compared with the early days of steemit!
Cheers,
Peter
Thanks for the suggestion, I'll take a look at it. My sports knowledge is pretty average, probably more interesting for info for occasional punting than posting myself but I'll check it out.
Posted using Partiko Android
Wow! This is exciting. I follow lot of cricket and I think this would be wonderful paltform to hang out.
look into staking lab you can pick a coin to stake or do a shared masternode, slowly build it up by reinvesting the earnings
Will look into it @cryptojiang, thanks for the suggestion. I'm currently following up on @dhouse's suggestion and will hopefully have my (tiny) stake of xptx up and running by Sunday. Will have time for more research on the weekend.
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Not exactly an income but I am very happy about the service of @dustsweeper. Did you know that all every vote under 0.02 isn't paid out? so I send in a SBD and dustsweeper upvotes all the the upvoted comments that didn't quite make it. In my case that already proved quite useful and in the end I will have my SBD doubled.
Hi @bamboozled, Yes I have used @dustsweeper and think its terrific. I remember my early days here where I got a 0.01 vote on a comment, and was disappointed when it vanished. Once I saw a suggestion somewhere about @dustsweeper, I joined straight away. It's not much but those small votes can all add up.
Actually, it's not every upvote that is under 0.02 is not paid out, but if the total post is under 0.02 it is not paid out. So if you had 1,000 upvotes from people with a 0.003 upvote, or the starting 15 SP, you would still get a $3 upvote and get paid out since the total is above $0.02.
true, my explanation hasn't been complete. Thank you for making it more comprehensible
1 week ago there came a service from @kiwibot . Send them 1 sbd and you will get a upvote worth .10$ on one post every day for a month haha...you will almost get 3times your sbd after a month.
Excelente las herramientas que has empleado para obtener más ingresos, se ve que te gusta estar en contacto y en todo lo referente a las criptomonedas, Yo estoy iniciando ese mismo camino con este medio y algunas faucets. Te recomiendo leer un poco acerca de Dash.Red es una buena página y paga seguro!
Hola amigo, gracias por tu sugerencia. Publicaré una traducción al inglés de Google translate.
Hello friend, thank you for your suggestion. I will post an English translation from google translate.
Thank you for the re-steem also. Gracias por el re-Steem también.
Your missing the one that pays the most. Bounty Hunter .... basically you find new crypto start ups that are looking for bloggers / writters ect. to create articles / blog post about their new start up and in return they pay you in crypto. This is hit and miss and sometimes you can be paid quite a bit and other times not at all. I have done a few and made upwards of $1200 from one and also been paid $0 for doing some others.
Thanks for this suggestion @rentmoney. I will definitely research this more. Does it require a direct connection with the devs or promoters of the start up, or is there a site where you can find those looking to have these reviews/blogs done?
Hola! Puedes registrarte en kryptonia, te pagan 100 sup por vincular cada una de tus redes sociales, para mayor información pasa por mi blog, no es spam, mis publicaciones de steemit son mis tareas en kryptonia, si colocas las etiquetas kryptonia, y superiorcoin votan por tu publicacion, un abrazo amigo @jk6276
Hola amigo,
I seem to have developed a Spanish speaking following, I love it! Thank you for your suggestion @celinavisaez and I will look further into it tommorow when I have more time. Many thanks.
Google translate is my new best friend.
@jk6276 has set 1.000 STEEM bounty on this post!
What is a bounty exactly?
A bounty is money sent to a post to be distributed to the users commenting on it. It provides a way to reward users directly and works in addition to the steem/sbd they receive from the blockchain. It works independently of SteemPower.
You create a bounty by sending any amount of sbd/steem to @steem-bounty together with a post-url in the memo.
How can I earn a bounty Users are then competing for the bounty by writing their answers to the post in comments that will achieve upvotes from the community and especially the bounty creator. The money of the bounty gets distributed to all top level comments of the post at the same time when the post is paid out (7 Days after it was written). How much everyone gets depends on the votes the comments received. The sender of the bounties votes are weighted higher so that she decideds where 80% of the bounty money goes and all other votes determine the rest.@steem-bounty does all of this for you automatically. You can use this service to automatically pay out a challenge, ask a hard question or simply to reward the people that interact with you.
Read more about how it works, even in different languages here.
Congratulations to the following winner(s) of the bounty!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jk6276 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
excelente tu informacion amigo, gracias por aportarle tal informacion a la comunidad steemiana saludos @jk6276
How it Work You can Check Here
We Support @Steem-Bounty, @Knircky and @Famunger
Have register with manna also but i recently register with forex.you can check them out.
http://www.forextime.com/register/download-MT5-trading-platform-3?raf=6ec7e5d0
Thank you @oclinton for the suggestion. Trading is a bit beyond my risk reward outlook at the moment, but I will keep it in mind and have bookmarked your link for future reference.