It’s not pulling your profits right as you make them. c.) Reinvestment PolicyĪre you willing to reinvest your earnings to make even more of a passive income? A large part of having your money make you money is reinvestment. Other times it means searching for the best platforms that fit your funds and investment personality. You must commit a lot of time to earn passive income in cryptocurrency. For example, how easy is it for you to acquire mining equipment, or to stake a required amount of funds? Are you able to afford a cloud mining provider, or even support yourself with higher electricity bills? b.) AccessibilityĪccessibility means a couple of things. Whether this is via mining or staking, that effort is what makes these assets worth something. Remember, the value of cryptocurrency is based on the work put into it. This increase in challenge is by design, and it ensures a cryptocurrency’s value by making it hard to come by. a.) DifficultyĪs blockchain networks grow larger, and more assets are put into circulation, it becomes more difficult to mine blocks and earn rewards. Many of these are out of your control, but you can play it smart to maximize your returns regardless. While the above ways are all fantastic methods to earn passive income crypto, there are other factors that affect your earnings. Maybe you could earn from your playtime! What Other Factors Affect my Cryptocurrency Passive Income?
Do some research and find the blockchain-based dApp that works for you. Some games you don’t have to put much time in at all, and the asset will grow by itself. You’re not putting in more money to make money – it just requires that initial investment. While this does require some amount of effort, one could argue playing a game is fun and the income it would generate is passive. There are tons of collectible-style games that have you invest in a character, use it in-game so it inherits value, and sell it off later on. This might sound weird, but it’s totally possible to earn passive cryptocurrency income by playing games on the Ethereum blockchain network, as well as other dApp supporting networks. The platform allows you to mine without procuring any mining equipment, battery or CPU. One great cloud mining service is StormGain’s cloud mining platform. For others, it’s the only way to get involved. For some investors, this isn’t a great deal. However, it’s worth noting that you won’t get all of the rewards you normally would if you were mining yourself. The process is quite simple, and requires less of an upfront cost than traditional mining. When it earns rewards, you are provided with your fair share in whichever cryptocurrency they support. In turn, that company uses those funds toward their physical mining establishment. If you can’t or don’t want to commit to a physical mining setup, you can always participate in cloud mining.Ĭloud mining is the act of putting money toward a cloud mining company. In return, the platform sees an increase in value for their token. That, and you can make your own loans on the side, alongside your staked assets being loaned out automatically.Įssentially, you can profit on interest from the platform’s lending as well as with your own loans. Also, since there’s no need for a third party, you can see anywhere from a 5%-15% increase compared to traditional rates. On a DeFi lending platform, you can also stake your assets and earn interest in the form of the network’s token. You earn interest as a result of this, but a small rate decided by the bank.
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