When you are more familiar with Bitcoin or any other cryptocurrency then you also must know the way these digital tokens are created. One of the things which makes a cryptocurrency unique is the way its created: by miners or nodes within the Blockchain network. In the early days of Bitcoin and Ethereum, it was quite easy to use your PC and let it work for you to get some newly mined tokens. Nowadays this way of earning Bitcoin has become impossible for the average PC user and only with high investments, this kind of business will be profitable in the end. So if you don’t have much money to invest is there still a way to earn crypto or Bitcoin in this industry and generate a second income stream?
Surprisingly, the answer is yes. The only condition for this is that you already must have some large stack of crypto holdings on the side. With these holdings, it is possible to use them as a passive income generating assets similar to interest or dividend yielding assets in the traditional financial world.
First some explanation and examples of what passive income actually means. According to Wikipedia :
Passive income is generally defined as a stream of income earned with little effort, and it is referred to as progressive passive income when there is little effort needed from the individual receiving the passive income in order to grow the stream of income. Examples of passive income include rental income and any business activities in which the earner does not materially participate during the year.
In other words it means that you can grow your current crypto holdings by using them for certain business activities without the need to do much effort. How does this work in the currrent crypto markets?
Like this article? Read more on my blog: Earn Crypto: 6 Easy Ways to Earn Bitcoin Online
