Topic: How to Earn More Crypto But not Bother so much to your life (Read 92 times)

My main focus for the past two weeks was to mitigate the damage I had caused my family. (Currently still trying my best to mitigate it.) Also today I have started a new chapter and have my priorities straighten out.

One major reason I am in the situation that I am in is because I have poorly managed my time with work, family, and hobbies. I consider crypto as a hobby because to me it is fun to learn about new crypto technologies and coins/tokens. Even though I enjoy crypto I need to learn to take it in modernization.

Life can not just be about crypto because I have a family to care for and a job that is totally unrelated to crypto. So the time allocated free for my own use is minimal and I must spend it wisely.

To some of my dedicated followers are aware I am a lover for passive income investments. As I am switching gears toward moderating my time to crypto I wish to still earn crypto even when I am not fully entrenched. This is what really motivates me to go beyond investing in crypto but also to live a life. It is great to watch my crypto portfolio slowly accrue all the while I am able to spend time with family and focus on work.

So what do I really invest in? I look for cryptos that provide a source of interest or dividend without the need to do much other than owning the coin/token.

Exchange Tokens/Coins with dividends
There are a few trading exchanges that gives dividends in the form of crypto to holders of the exchange's coins. Some well known are COSS, BCO, and Kucoin. Currently I am not in any of these coins as I am not trading at all on exchanges. Trying to avoid doing a laundry list for next year's tax returns. Until I can figure out how much crypto I am able to afford to lose I will not be trading at all.

Yet the potential of earning many cryptos would be to invest in a trading exchange coin. For instance holding Kucoin the owner gets daily portion of the revenue fee through all coins traded on the exchange. This means Kucoin owners would receive various cryptos without having to do anything but own the Kucoin outright and earn daily cryptos.

Mining Contracts
This option in my personal opinion can only be a good passive income only if the contracts are open ended. This means once you buy into the mining contract it will be always earning you crypto until the mining cost outweighs what it can mine. As of now the only open contracts that I know of and reliably are Genesis Mining and ViaBTC.

There is also the potential in mining rigs being a passive income, but I feel it really is not considering one still needs to look at the rigs for maintenance and software updates. Just having it run without care is viable but more likely than not one who has a rig running requires attention.

Proof of Stake Cryptos
A big umbrella of coins can be earned through the ownership of the coin. It can be proof of stake, proof of delegation, and so on where the crypto itself will continue to grow as long as the coin is held. One good example is smartcash where owner of the coin earns more smartcash every month just by holding it in a smartcash wallet. Other examples are Lisk, ARK, and Rise where coin holders can use their coins with proof of delegation by voting for delegates which in turn earns cryptos and share back to its supporters.

The overall idea here is to get entrenched in earning crypto without using much of any effort. The initial up front cost to make a decent return on the passive income options I listed can be minimum or very significant. The greater the initial cost the greater the passive income.

Thanks for reading.