Bitcoin Forum
January 19, 2019, 07:35:45 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What are some relatively passive ways to increase cryptocurrency holdings?  (Read 138 times)
mostafa1380
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
October 25, 2018, 07:50:41 AM
Last edit: October 25, 2018, 03:59:41 PM by mostafa1380
 #1

What are some relatively low risk and less time consuming ways to increase crypto holdings? I'm going to uni next year so the bulk of my time and energy this year will be spent on trying to get into a good uni and I won't be able to spend as much time researching coins and studying the market. I'm currently looking into mining and arbitrage trading bots.

I have decent experience with mining equipment and there's also the advantage of living somewhere where electricity costs $0.025/kwh (and I'm currently in the process of trying to get a place with $0.007/kwh) but after running through some rough numbers it doesn't look like you'll end up with much more cryptocurrency than you started with unless you buy second hand hardware or go asic. (Asics aren't that accessible where I live amd are usually sold at a significant markup)

Another thing that crossed my mind was setting up a very small miner hosting service, is that something people would even consider? A few mining rigs, if setup well, won't require a lot of time to maintain with enough know how and I can provide significantly lower power and maintenance rates than most large scale mining colocation/ hosting services but I'm not sure on how to prove credibility and get the client to trust me.

I'm also looking into writing a simple arbitrage trading bot but it's still just an idea that I need to spend more time developing and I'm also not that comfortable with keeping money on exchanges for long periods.

Any advice or constructive input would be greatly appreciated.
1547883345
Hero Member
*
Offline Offline

Posts: 1547883345

View Profile Personal Message (Offline)

Ignore
1547883345
Reply with quote  #2

1547883345
Report to moderator
1547883345
Hero Member
*
Offline Offline

Posts: 1547883345

View Profile Personal Message (Offline)

Ignore
1547883345
Reply with quote  #2

1547883345
Report to moderator
1547883345
Hero Member
*
Offline Offline

Posts: 1547883345

View Profile Personal Message (Offline)

Ignore
1547883345
Reply with quote  #2

1547883345
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1547883345
Hero Member
*
Offline Offline

Posts: 1547883345

View Profile Personal Message (Offline)

Ignore
1547883345
Reply with quote  #2

1547883345
Report to moderator
1547883345
Hero Member
*
Offline Offline

Posts: 1547883345

View Profile Personal Message (Offline)

Ignore
1547883345
Reply with quote  #2

1547883345
Report to moderator
1547883345
Hero Member
*
Offline Offline

Posts: 1547883345

View Profile Personal Message (Offline)

Ignore
1547883345
Reply with quote  #2

1547883345
Report to moderator
slaman29
Sr. Member
****
Offline Offline

Activity: 714
Merit: 277


Crypto is going lunar!


View Profile
October 25, 2018, 09:05:13 AM
 #2

You'll find several opportunities other than mining which actually, in my opinion, isn't really passive, as any miner can tell you, it's almost a full time job really because you always have to monitor and maintain. First thing that comes to mind is investment in casino bankrolls, there are several which offer the chance.

Others like BitDice (in my signature) you can buy the native tokens that are linked to profit sharing every quarter. That's truly passive but of course carries a risk like all investments.

BitDice[]               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
shield132
Hero Member
*****
Online Online

Activity: 994
Merit: 529


Watch Agents Of Shield On ABC


View Profile
October 25, 2018, 10:19:14 AM
 #3

Personally I wouldn't buy second hand hardwares, for example GPUs and asics, both of them which are second hand, are used for mining, you'll rarely see used gpu for gaming. So imagine overclocked GPUs, worked for 24 hours, will it be good? (quality over quantity). Asics are problematic too, especially used ones.
You didn't mention but if you think about this too, never invest in cloud mining.
Miner hosting service is a good idea, if you live in a small city, you will be able to more easily find customers.
I remember freebitco.in had this option, id you hold money on their wallet, you would gain some percentages, check it.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
mostafa1380
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
October 25, 2018, 11:04:58 AM
 #4

You'll find several opportunities other than mining which actually, in my opinion, isn't really passive, as any miner can tell you, it's almost a full time job really because you always have to monitor and maintain. First thing that comes to mind is investment in casino bankrolls, there are several which offer the chance.

Others like BitDice (in my signature) you can buy the native tokens that are linked to profit sharing every quarter. That's truly passive but of course carries a risk like all investments.

Maintaining a large number of rigs can be a full-time job but with the monitoring and automation tools that are available maintaining <10 rigs doesn't take that much time, depending on how you set it up.
And I don't want to get involved with anything related to gambling but thank you anyway.
panjul07
Legendary
*
Offline Offline

Activity: 1540
Merit: 1043



View Profile
October 25, 2018, 05:05:15 PM
 #5

You'll find several opportunities other than mining which actually, in my opinion, isn't really passive, as any miner can tell you, it's almost a full time job really because you always have to monitor and maintain. First thing that comes to mind is investment in casino bankrolls, there are several which offer the chance.

Others like BitDice (in my signature) you can buy the native tokens that are linked to profit sharing every quarter. That's truly passive but of course carries a risk like all investments.

Maintaining a large number of rigs can be a full-time job but with the monitoring and automation tools that are available maintaining <10 rigs doesn't take that much time, depending on how you set it up.
And I don't want to get involved with anything related to gambling but thank you anyway.


Other opportunities aside something related to gambling...
Maybe you can try affiliate program of bitcoin related services such as affiliate program of exchanges. Indeed it is not an easy thing to do, but if you can find many active traders under you then it can be a very good passive income. You only need to spread referral link as much as possible, obviously you need something attractive to make people register using your link.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
bhadz
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 504


View Profile
October 25, 2018, 05:19:58 PM
 #6

You shouldn't really put most of your balance on exchanges if you don't do day trading. And with buying miners, don't consider buying a second hand unless you know the person who used it first. I'm not into arbitrage trading but its a trend few years ago but if you are looking to that opportunity I guess its hard to find those exchanges that you can do that. Sometimes it isn't really successful as the market fluctuates quickly.
Hamphser
Sr. Member
****
Offline Offline

Activity: 784
Merit: 256


Semi-Decentralized Exchange


View Profile
October 25, 2018, 06:41:49 PM
 #7

You'll find several opportunities other than mining which actually, in my opinion, isn't really passive, as any miner can tell you, it's almost a full time job really because you always have to monitor and maintain. First thing that comes to mind is investment in casino bankrolls, there are several which offer the chance.

Others like BitDice (in my signature) you can buy the native tokens that are linked to profit sharing every quarter. That's truly passive but of course carries a risk like all investments.

Maintaining a large number of rigs can be a full-time job but with the monitoring and automation tools that are available maintaining <10 rigs doesn't take that much time, depending on how you set it up.
And I don't want to get involved with anything related to gambling but thank you anyway.


Other opportunities aside something related to gambling...
Maybe you can try affiliate program of bitcoin related services such as affiliate program of exchanges. Indeed it is not an easy thing to do, but if you can find many active traders under you then it can be a very good passive income. You only need to spread referral link as much as possible, obviously you need something attractive to make people register using your link.

Affiliate market is one of the ways but as being said this wont really be an easy thing and it do also matter with some luck on hooking up some possible big volume traders. Gambling isnt really an option when we do talk about passive ways on earning or even just having the plan on increasing your investments.Passive can be also attained on gambling sites bankroll not the one who do play on it.Always stick with the house but as expected returns wont really be that big.


                           ▄▄█▌
                       ▄▄██▀▀█▌
                    ▄██▀▀    █▌
 ▄              ▄▄██▀    ▄▀  █▌
▐███▄▄         ▐█▀     ▄█    █▌
▐█▌ ▀▀██▄      █▌      █ ▄▀  █▌
▐█▌    ▀▀██▄▄  █▌    ▄█▀▀    █▌
▐█▌   ▄    ▀██▄█▌  ▄█▀     ▄██
▐█▌   ▀█     ▀██▌ ▄█    ▄▄██▀
▐█▌  ▄  ▀▄    ▐█▌▄█ ▄▄██▀▀
 ██   ▀▀▄█▄   ▐███▄█▀▀
  ██▄     ▀█  ▐█▀▀
   ▀▀██▄▄   █ ▐█▌
       ▀▀██▄▄███
           ▀▀▀█▌
EOSex
EOS Exchange


   The Exchange for the EOS Community!  

███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
ICO: 15th October to 20th November


                           ▄▄█▌
                       ▄▄██▀▀█▌
                    ▄██▀▀    █▌
 ▄              ▄▄██▀    ▄▀  █▌
▐███▄▄         ▐█▀     ▄█    █▌
▐█▌ ▀▀██▄      █▌      █ ▄▀  █▌
▐█▌    ▀▀██▄▄  █▌    ▄█▀▀    █▌
▐█▌   ▄    ▀██▄█▌  ▄█▀     ▄██
▐█▌   ▀█     ▀██▌ ▄█    ▄▄██▀
▐█▌  ▄  ▀▄    ▐█▌▄█ ▄▄██▀▀
 ██   ▀▀▄█▄   ▐███▄█▀▀
  ██▄     ▀█  ▐█▀▀
   ▀▀██▄▄   █ ▐█▌
       ▀▀██▄▄███
           ▀▀▀█▌
WHITEPAPER
BTC                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀
             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
Sadlife
Sr. Member
****
Offline Offline

Activity: 756
Merit: 256


Make winning bets on sports with Sportsbet.io!


View Profile
October 25, 2018, 07:41:25 PM
 #8

There's no such thing as passive earning at the beginning you should first atleast know that in order to gain something there must be an equal sacrifice or effort to gain profit in this case it's the effort to learn and earn through crypto. Once you know the ways and methodology you can come up with a strategy to earn passively.


          ▄▓▓▓▓▓▓▄▄        ▄▄▄▄▄▄▄▄▄▄▄▄      ▄▄▄▄▄▄▄▄▄▄▄       ▄▄▄      ▄▄▄▄▄▄▄▄▄▄
       ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄     ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄   ▓▓▓▓▓▓▓▓▓▓▓▓▓    ▐▓▓▓   ▄▓▓▓▓▓▓▓▓▓▓▓▓
     ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓    ▓▓▓▌       ▐▓▓▓   ▓▓▓▌      ▐▓▓▓   ▐▓▓▓   ▓▓▓▌
    ▐▓▓████▓▓▓▓▓▓▓███▓▓▓   ▓▓▓▌       ▐▓▓▓   ▓▓▓▌      ▓▓▓▓   ▐▓▓▓   ▓▓▓▓
    ▓▓▓▓████████████▓▓▓   ▓▓▓▌       ▓▓▓▓   ▓▓▓▓  ▓▓▓▓▓▓▓▓   ▐▓▓▓    ▓▓▓▓▓▓▓▓▓▓▓▓▄
    ▐▓▓▓▓██████████▓▓▓▓   ▓▓▓▌  ▓▓▓▓▓▓▓▓    ▓▓▓▌  ▀▀▀▀▀▓▓▓▓  ▐▓▓▓      ▀▀▀▀▀▀▀▀▓▓▓▓
     ▓▓▓▓▓▓▓▓███▓▓▓▓▓▓▓▀   ▓▓▓▌    ▀▓▓▓▓     ▓▓▓▌        ▓▓▓  ▐▓▓▓              ▐▓▓▓
      ▀▓▓▓▓▓▓███▓▓▓▓▓▓     ▓▓▓▌      ▓▓▓▓    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓  ▐▓▓▓    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓
         ▀▓▓▓▓▓▓▓▓▓▀       ▓▓▓▌       ▓▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓▀   ▐▓▓▓   ▓▓▓▓▓▓▓▓▓▓▓▓▓
.Money Transfer and Investment.
...Instagramhugeb Facebook hugeb Twitter hugeb Youtube ...

       █▄                                     ▄▄▌
     ██▄██▄▄                                ▄███▄█
     ▀▀█▄█▄██▌▀▄                       ▄▄█▀█ ▄███▀
     ▐█▄█▀▀█▀██▄█▀▄                 ▄█▀█▄██▐▀▀█▄▄█
       ▀▀█████▀█████▄              ██▌███▀█████▀▀
      ██▀█████████ ██▄▄▄▄██▄▄█▄█▄▄█████▄▄▀█▄█████▀
     ▐████ ▄▄██████▐███▀▀▀████▀▀▀███▄██████▄▄▀████
       ▀ ███▄█████████▐▄▀▀   ▐█▀▐▐██████▀█▄███▀▀▀      ▌
       ▀▀▀▀▀▀▀▀██████▐█▀█▄ ▀  █▀▀▀▀██████▀▀▀▀ ▀▀▀
          ▄██▐█▀ █▀██▄██▌      ██ ▄█▄▐█ ▀█▐█▄
              ▄█▐ ▀▀▀▐ █ ▌█▀█▌▌▐██ ▀▀ ▀▐█▄
                      ▀▐ █ █▄▄▌▐
                       ▄ ▄██▐█
                    ▄██▌▄  ▄  ▀▄▀██
                     ▄████ ▌███▀██
                       ██▌█▌█▌██▌   
                          ▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
JOIN OUR VISION TODAY
FOR A BETTER WORLD TOMORROW
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

      ▄▀▀▀▀▀▀▀▀▀▀▀▄
     █   ▄▄▄▄▄▄   ██▄
     █  ▓▓▓▓▓▓▓▌  ████▄
     █  ▓▓▓▓▓▓▓▌  ██████
     █  ▓▓▓▓▓▓▓▌  ███████▄
     █  ▓▓▓▓▓▓▓▌  ▐▓███████▄
     █              ▀▀▀▀▀▀▀▀█
     █  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
     █                      █
     █  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
     █  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  █
     █                      █
     █  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
     █                      █
      ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
LeGaulois
Copper Member
Hero Member
*****
Offline Offline

Activity: 952
Merit: 938

Bitcoin Ninja Unregulated Banker Unbanking Folks


View Profile
October 25, 2018, 09:38:15 PM
 #9

Quote
miner hosting service, is that something people would even consider?
There is a demand currently with hosting and managing Horizen supernode and secure node.
And since there is a market there is a business built around, participating in the ecosystem. People are charged a monthly fee and the service providers take care of everything. You don't need to give your coins or private key to someone. Asking on their Discord channel you can asl to be listed on their documentation pages as a Node manager service.
Or if it's enough passive for you why not run a super/secure node yourself?

mostafa1380
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
October 26, 2018, 06:36:31 AM
 #10

There's no such thing as passive earning at the beginning you should first atleast know that in order to gain something there must be an equal sacrifice or effort to gain profit in this case it's the effort to learn and earn through crypto. Once you know the ways and methodology you can come up with a strategy to earn passively.

I think I didn't do a good job of explaining myself, when I said relatively "passive"  I didn't mean a truly passive source of income but something that doesn't require a lot of time and pays accordingly.
Bitcotalk
Hero Member
*****
Offline Offline

Activity: 854
Merit: 515


View Profile
October 26, 2018, 09:46:41 AM
 #11

What are some relatively low risk and less time consuming ways to increase crypto holdings? I'm going to uni next year so the bulk of my time and energy this year will be spent on trying to get into a good uni and I won't be able to spend as much time researching coins and studying the market. I'm currently looking into mining and arbitrage trading bots.

I have decent experience with mining equipment and there's also the advantage of living somewhere where electricity costs $0.025/kwh (and I'm currently in the process of trying to get a place with $0.007/kwh) but after running through some rough numbers it doesn't look like you'll end up with much more cryptocurrency than you started with unless you buy second hand hardware or go asic. (Asics aren't that accessible where I live amd are usually sold at a significant markup)

Another thing that crossed my mind was setting up a very small miner hosting service, is that something people would even consider? A few mining rigs, if setup well, won't require a lot of time to maintain with enough know how and I can provide significantly lower power and maintenance rates than most large scale mining colocation/ hosting services but I'm not sure on how to prove credibility and get the client to trust me.

I'm also looking into writing a simple arbitrage trading bot but it's still just an idea that I need to spend more time developing and I'm also not that comfortable with keeping money on exchanges for long periods.

Any advice or constructive input would be greatly appreciated.
I would not say there is anything that is considered as low risk, it just depends on your knowledge on how to manage the risk eventually. Mining is not a bad idea and of course it is not that risky, but not getting the right set of miners due to lack of knowledge can be quite risky and it is a good thing you already have some basic idea but at the same time, you have to consider a lot of factors such as electricity, what you want to mine and knowing that mining ties down your capital for a while before even breaking even, let alone, making some profit.

Trading bots is not a bad idea too, but you should at least know some few things about trading before using trading bots, otherwise I will just advice you hold whatever you have for the long term.
elegion
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
October 26, 2018, 06:36:28 PM
 #12

What are some relatively low risk and less time consuming ways to increase crypto holdings? I'm going to uni next year so the bulk of my time and energy this year will be spent on trying to get into a good uni and I won't be able to spend as much time researching coins and studying the market. I'm currently looking into mining and arbitrage trading bots.

I have decent experience with mining equipment and there's also the advantage of living somewhere where electricity costs $0.025/kwh (and I'm currently in the process of trying to get a place with $0.007/kwh) but after running through some rough numbers it doesn't look like you'll end up with much more cryptocurrency than you started with unless you buy second hand hardware or go asic. (Asics aren't that accessible where I live amd are usually sold at a significant markup)

Another thing that crossed my mind was setting up a very small miner hosting service, is that something people would even consider? A few mining rigs, if setup well, won't require a lot of time to maintain with enough know how and I can provide significantly lower power and maintenance rates than most large scale mining colocation/ hosting services but I'm not sure on how to prove credibility and get the client to trust me.

I'm also looking into writing a simple arbitrage trading bot but it's still just an idea that I need to spend more time developing and I'm also not that comfortable with keeping money on exchanges for long periods.

Any advice or constructive input would be greatly appreciated.


Hello Mostafa, my name is E.Legion and I’m the C.E.O of Crypto Portfolio International.

My team at Crypto Portfolio International can help you create a passive income through Proof of Stake masternodes for absolutely free or for a 1% fee depending on the level of involvement and portfolio monitoring you require. We connect our members as VIP affiliates to masternode business services and help them avoid mistakes and loss of profit, by offering live support, tutorials, and the consistent exchange-price monitoring required to properly position those assets.

Send me a private message and let me know your exact budget, including your expected return on investment per day and per month, so that I can let you know if your expected returns are possible or not through masternode investing. I can also create a list of coins that are performing very well and are protected by trusted companies.

To learn more about my company you’re welcome to click the banner bellow, and you can also contact me directly.

I look forward to providing you an honest and transparent response, and I look forward to speaking with you at your earliest convenience.


  

BitHodler
Legendary
*
Offline Offline

Activity: 1148
Merit: 1098


View Profile
October 26, 2018, 11:44:00 PM
 #13

Trading bots is not a bad idea too, but you should at least know some few things about trading before using trading bots, otherwise I will just advice you hold whatever you have for the long term.
Trading bots aren't passive income sources. It's really gambling that you are doing because you can only hope that your bot will end up cashing out more profitable than losing trades.

If trading bots were even remotely usable as passive income source as people think (some times even blindly assume) they are, don't you think we all would be running them by now? It just doesn't make much sense.

And then I haven't even started talking about how important it is to have a bot be coded from the ground up to fit your requirements. Bots people buy from one of the many sellers are mass produced and a target.

If you as seller know how your bots think and behave, you can exploit them or even sell that information to market makers.

jrrsparkles
Full Member
***
Offline Offline

Activity: 490
Merit: 108


Why so serious?


View Profile
October 27, 2018, 04:03:36 AM
 #14

You can lend your crypto currencies to increase your holdings there is no much skills needed for that but it is highly risky since many people will refuse to pay back the koan amount.Trading can be but it is not passive it needs your time too.So mining will be the best for your passive incomes and don't do bitcoin mining start doing mining altcoins which is more profitablw with current difficulty level.

rickadone
Legendary
*
Offline Offline

Activity: 1176
Merit: 1022



View Profile
October 27, 2018, 11:57:41 AM
 #15

You'll find several opportunities other than mining which actually, in my opinion, isn't really passive, as any miner can tell you, it's almost a full time job really because you always have to monitor and maintain. First thing that comes to mind is investment in casino bankrolls, there are several which offer the chance.

Others like BitDice (in my signature) you can buy the native tokens that are linked to profit sharing every quarter. That's truly passive but of course carries a risk like all investments.
That is usually the big thing which matter the most. There is no investment at all that does not come with a risk, even outside cryptocurrency, but this you have mentioned is not a bad idea at all, as I am getting to even come across it for the first time. I never knew Bit Dice had a native token for profit sharing purpose.

However, there are some PoS tokens that one can get as well, which would keep giving you something substantial over time, if you really do not want to tie down your money into mining, and for what it is worth, in the long run, the chances of seeing the whole market doing well and then hitting some huge level is also a plus even if the OP peradventure decides to hold for the long term. That on its own is already an investment.
LTU_btc
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 584

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile WWW
October 27, 2018, 05:35:28 PM
 #16

It's difficult to find methods how to get relatively passive income in crypto. Ok, there are few ways, but it only gives insignificant profit.
For example I can mention Freebitco.in yearly interest. They are paying 4.08% yearly interest for Bitcoins that you hold on their website. For example, if you deposit 1 BTC, after one year you will have 1.04 BTC. If you don't have significant amount of BTC to deposit, you will get tiny interest. And we all know that it's not very safe to hold Bitcoins on online wallets/exchanges/gambling websites and etc.
It's also possible to invest to some crypto casinos bankrolls, but it doesn't always gives profit.

gentlemand
Legendary
*
Offline Offline

Activity: 1890
Merit: 1484


Always remember - I love you


View Profile
October 27, 2018, 06:06:30 PM
 #17

Staking PoS coins is the obvious one, though very few will offer a return worth much and of course there's a chance the prices will collapse further making it something of a waste of time.

Casino bankrolls and lending for margin trading on exchanges are the only other faintly legit low maintenance options that spring to mind, and they certainly have their risks too. I'd favour a very well established casino over an exchange.

I wouldn't call anything to do with mining passive. 

Pages: [1]
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!