In the Digital or Cryptocurrency world, of course there are so many opportunities and opportunities to make money. But not so many people know what opportunities are available, let’s go what are the ways to get money:
– Cryptocurrency mine
Mining is the process by which transactions are verified and added to public ledgers, known as Blockchain. By using Bitcoin as an example, new Bitcoin will be released for Miners who contribute to the block through the hashing power of computer equipment such as CPU, GPU or Miner tools, which are directed to the Blockchain via the internet. But miners will get results in the form of Bitcoin where they can sell it for currencies. Please note that only Cryptocurrency that has POW (Proof-of-Work) specifications can be mined. The thing that needs to be considered is the initial investment fund to buy mine hardware, and electricity operations to run it every day.
Staking is a process where the cryptocurrency will be stored in a wallet to get “interest”. Revenue through staking varies from 1% to 100% per year depending on the Cryptocurrency specifications. Please note that only Cryptocurrency that has POS (Proof-of-Stake) specifications can be staked. The thing to consider is whether the Cryptocurrency price will maintain the value in the long run to be staked, so that the initial value of the investment to buy the Cryptocurrency is not detrimental to the initial capital.
Masternode is a complete Cryptocurrency node and works by storing a complete copy of Blockchain in real-time, to perform several additional functions such as:
– Ability to increase transaction privacy
– Ability to transact instantly
– Ability to control decentralized and other features
To run Masternode, you need a certain amount of the Cryptocurrency according to the specifications. Beyond that, hosting via VPS (Virtual Private Server) is needed to run the Masternode. After the Masternode is operational, the revenue in the form of Cryptocurrency will enter every few days. Broadly speaking, this process is indeed similar to the Staking process, but there are also differences between them. Not all Cryptocurrency has specifications to run Masternode.
– Mining Bloggers
Well the last thing in my opinion we can use a number of platforms to write blogs and share photos and videos: Examples such as Steemit, Whaleshares.io, reading, Mvp. Gese.io and many more are now being launched. With so many opportunities in the world of Cryptocurrency, it remains important to diversify, risk management and research on Cryptocurrency. May be useful.