Passive income from cryptos and getting free coins by holding Bitcoin

in #bitcoin7 years ago (edited)

crypto-chips-580x328.jpg

I was finding some information on passive income from cryptos and here is outcomes of my research.
Long story short, HODLing Bitcoin in your own wallet (not on exchange) is pretty neat option if you want passive income as well as good return over years. You can also stake PoS coins (interest rate is around 5-15% p.a.).

Longer version
By HODLing BTC you can get free:

You can expect more new coins do same thing also in future (taking snapshot of Bitcoin from given time and give free tokens for BTC holder).

Same thing was happening also for Ethereum holders - OMG done its airdrop at this block (https://etherscan.io/block/3988888) July 7th 2017. If you had >0.1 ETH, you obtained some OMG dust for free.

Check out detailed article here: https://99bitcoins.com/how-to-use-your-bitcoin-wallet-to-get-free-coins/
Byteball and Stellar guides are also here: https://freedomnode.com/blog/76/how-to-get-free-bitcoins-with-byteball-and-stellar-lumens-giveaways

Another way of passive income is Staking coins
Very well written article from Jon Crasy on Medium recommends few:

  • SingularDTV's SNGLS
  • Decred
  • Ark
  • Neo (for staking NEO, you don't need to have your wallet open, so it is most energy saving option)
  • and 2 other tips how to get BTC dust.

Check out full article here: https://medium.com/@cryptoginger/6-ways-you-can-earn-passive-income-with-crypto-right-now-a5116dc709ed

You can also get interest by staking SteemDollars, and if you have something to say, you can get paid by readers by having Steem transformed to SteamPower. You can use few automated bots to upvote for you so you can get passive income from curation on Steemit without really doing much for it. It is much better if you found good articles by yourself (also rewards will be bigger), but you will need to put your time into that (so it is not that much passive anymore).

Other "bigger coins" for staking:

  • BitShares
  • PIVX
  • STRATIS
  • Reddcoin
  • NXT
  • Waves

Picture is taken from: http://cryptomining-blog.com

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Very good info on specific airdrops! Thanks. Upvoted:Already following:Resteemed.

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How do you stake Steem and BitShares?

SteemDollars you can stake in your web wallet here on SteemIt and get interest 10% (I'm putting everything to SteemPower, so I don't have personal experience). With SteemPower you can use some automated services to upvote for you to basically have passive income (despite the fact it is not technically staking).
BitShares are using DPoS - more on that you can read here http://cryptorials.io/glossary/delegated-proof-of-stake/

Thanks, could you give more details about SteemPower option? What is ROI there?

It really depends on how much Power you have and how whole SteemIt community will grow. Basically, more you invest in your SP, more influential (and higher rewards) you get. I'm trying to find and upvote good articles by myself, and ROI seems to be now (~ month I'm on SteemIt) around 10% from curation rewards and post votes on my blogs (all of it are just cents). System is set so more active over longer period you are, more rewards you will get - e.g. you can get curation rewards from your upvotes more than once (as more people are upvoting over longer period you are getting payments over that period). Lets discuss after 6 months lets say. I believe it should be at least around 20%. That ROI I'm talking in Steem (just to clarify), so if cryptos themselves will be 2x higher, ROI in USDs might be 2x that much.