We have collected options for profiting from digital money in the comfort of your home. We will tell you how to make money on cryptocurrency.
Earnings on cryptocurrency with the help of mining
One of the most common and reliable ways to make money on cryptocurrency is mining. In translation from English, mining is mining. How it works?
Miners on special farms, where mining facilities are installed, consisting of one to tens of thousands of processors and video cards, calculate special blocks that give the right to receive a certain number of virtual coins. At the same time, miners have the right to choose the mined coin.
How to make money on cryptocurrency trading
The second way to make money on cryptocurrencies at home is to trade on the stock exchange and work with gaming platforms and partners.
Trading is a constant and painstaking work on the exchange: viewing analytics, monitoring the market, working on compiling a diversified investment portfolio. And of course, investments, long-term or short-term – it all depends on your capital and risk tolerance.
Money for storage
The third way is staking, an alternative coin mining model that has a special algorithm embedded in it. It is officially called the PoS (Proof of Stake) abbreviation. New blocks in this model are created based on the age of the coins (time used for staking) and a random selection algorithm. .