Ways To EARN free Passive Incomes🔥💥🤑

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1. Running Masternode:

Host a Dedicated Server to Earn Rewards

If you’re a techie who’s serious about staking, you may consider running masternodes of cryptocurrencies.

Masternode is basically a cryptocurrency full node or computer wallet that stores the entire copy of the blockchain’s ledger in real-time.

 By keeping your wallet up and running 24/7 to maintain network stability and perform tasks, you’ll receive crypto as a reward.

Running a masternode can be a very lucrative investment, you can expect to earn up to 10% interest annually.

However, it’s harder to get started compared to staking. It requires a substantial upfront investment and some technical ability and knowledge to set it up correctly.

Plus, you’ll need to have larger crypto holdings that worth thousands, or even tens of thousands of dollars just to get started with masternode.

For instance, to run a masternode on Dash network you need a minimum of 1,000 DASH (that’s $79,000 as of current price).

2. Mining

Unlike staking, mining doesn’t require you to have cryptocurrency holdings.

 By mining, you can earn Bitcoin and other cryptocurrencies that use a proof-of-work system -without having to put down money for it. As a miner, you will receive Bitcoin as a reward for verifying transactions on the blockchain.

However, mining is an expensive process, which requires a lot of electricity and special hardware.  There’s a time when you can do mining by using your personal computer or using a graphics card (GPU-mining). 

But, bitcoin mining nowadays requires you to buy specifically designed equipment, so-called ASIC miner.

Considering the high setup cost, monthly electricity bills and low rewards, it’s no longer a viable source of passive income for individuals to mine bitcoin at home.

Most of the miners choose to join cloud mining services like Genesis mining. Instead of running your own mining rigs at home, you’re purchasing a package that guarantees you a fixed return in bitcoin.