This article is about a passive cryptocurrency income. How to earn a passive income in cryptocurrency. A nice quote from warren Buffet:
If you don’t find a way to make money while you sleep, you work until you die.
This quote obviously fits the passive income post. We decided to list 3 lucrative ways of earning a passive cryptocurrency income.
A Masternode is by far the most lucrative way on earning a passive cryptocurrency income. IF you would be running a DASH masternode right now you would get around $90.000,- per year. This is of course a great passive income you could live off. Tho the investment you have to do is 1000 DASH tokens. Quite expensive.
What is a masternode?
A masternode is actually a server that is online all the time. This server works for the cryptocurrency network and provides tasks. A masternode is trustless and decentralized. Something like a Bitcoin node works. One of these tasks is ensuring transactions are validated. For these tasks the masternode receives rewards. This reward is mostly a share of the block reward. So if there are more masternodes on the network the reward is lower.
To learn more about masternodes check out this article on Themerkle.
To calculate the masternode ROI check out this website.
For guides on how to setup Masternodes check out Masternodeguides.com
An example of a SEND masternode
2. Proof of stake
Proof of stake is a really good way of earning a passive cryptocurrency income. But what is Proof of stake?
What is proof of stake?
Proof of stake is a different way of verifieing transactions. The difference between proof of Work (Mining) is that when you Mine a new block you receive the block reward. With proof of stake an algorithm decides who gets the block reward based on wealth or age. The good thing is that staking gives a pretty solid reward.
Examples of proof of stake coins are for example NEO/GAS. If you hold NEO in your wallet you automatically generate GAS. Right now NEO gives around 6% dividend per year.
Different proof of stake coins
An example of the NEON wallet for NEO where you earn GAS
3. KuCoin Shares
KuCoin shares is probably one of the easiest ways to earn a passive cryptocurrency income. You go to KuCoin.com and buy KuCoin shares. The KuCoin exchanges shares 50% of their transaction fee income with their token holders. The more shares you hold the more income you receive. And you even receive it daily.
You can calculate your returns on www.kucoinshares.com