It’s pretty clear that almost any other job would generate you more than $0.5-1 per hour without exposing you to extra risks. Of course, some apps and games might be fun, but from an investment standpoint, there are far better alternatives.
1. Ethereum Airdrops
An airdrop is a blockchain project created to give out free tokens — literally. But why do blockchain projects give away free cryptocurrencies? It appears it is to create a community of fidelity by rewarding the loyalty of the users.
How Do Airdrops Work?
There are two types; the first is when users hold the cryptocurrency at one point in time. They take a snapshot of the whole blockchain (ledger) to know who’s holding and give away a relative amount of crypto compared to what they hold.
The second type of airdrops is used to replace ICOs. In 2017, Google and Facebook banned cryptocurrency ads, especially Initial Coin Offerings (ICOs). One year after, the ban was lifted for only the U.S and Japan countries. ICOs were used to launch crypto projects through ads. But because the ads have been banned from these social sites, people are paid money to spread the word.
That means you don’t have to hold any cryptocurrency to get some tokens. You just have to achieve the steps that airdrops require. For instance, follow them on Twitter.
Where can you find airdrops? On the Remitano Airdrop Program. You may also use airdrop.io to see all the past, current and future blockchain projects.
2. Ethereum Mining
Ethereum is the most important and profitable coin when it comes to mining. Mining Ethereum came by when the blockchain was launched in 2016. Today, crypto mining has seen a major resurgence, and a lot of that is thanks to Ethereum. So, with the help of a PC, a wallet and software, you can mine free Ethereum.
Mining is a process carried out by miners (blockchain participants), which involves fact-checking transactions done within the network. The first miner to successfully complete the check of a new block earns free coins.
The only thing is that mining calculations are complex and enormous, so it has to be done using a computer. The machine solves these numbers in the form of hashes.
How Does Ethereum Mining Work?
Create a wallet and save the Keystore file of your wallet. Examples of Ethereum wallets could be:
Download appropriate software to start mining Ethereum. Here some good mining programs you can use.
Join a mining pool. Then configure and connect your software to the mining pool. Finally, double-check your settings and Start mining Ethereum.
3. Ethereum Faucets
An Ethereum faucet is a website or app, where you can register a wallet address, solve a captcha and get rewarded for that. Free-Ethereum io is an example of a program where you can earn reasonably in a matter of hours.
These websites use the opportunity to boost their traffic and make more money. Ethereum faucets usually attract high traction, allowing them to advertise for bigger companies. It’s also a medium to get word out on such companies, and even Ethereum in general.
In short, they also get rewarded for the tasks that you do for them. Here are some other examples of popular Ethereum faucets (apart from free-Ethereum io):
Although it doesn’t necessarily make you enough to make a good profit, Ethereum faucets are a fair way to know how trading works without the risk.
How Do Ethereum Faucets Work?
First, note that these websites are full of ads — scrolling, banner ads, and every possible type. Basically, you earn to view the promotions and in turn, they’re hoping that you will like one, click and buy it. Good thing, you don’t have to.
When you complete the task and earn free Ethereum, they immediately go to your micro wallet. An Ethereum micro wallet allows you to collect small amounts of coins before transferring to your main wallet.
Micro wallets are automatically created when someone registers an account with the Ethereum Platform. They also have a threshold of coins they can hold, and when the limit is reached, ether will be paid out to the user’s main wallet.
However, if you decide to link your macro wallet directly to the faucet, it would eventually cancel out ether earned from the faucet.
One ad view is paid about 0000012 ETH.
4. Ethereum Buy and Sell
Ethereum buy and sell also means trading the digital asset. You can purchase ether and trade it for a higher value when the market favours you most. There is not much difference between trading ETH and other cryptocurrencies. You need to have coins, a wallet and a platform to trade on.
How Does Ethereum Trading Work?
Create an account and wallet on a crypto trading website. Buy ether from any trusted seller Platforms typically protect both the buyer and seller to make sure none is cheated out of the deal. After the buy, you may want to hold the coins in your wallet for a period of time when the value will appreciate. If the set rate is good, you can sell back your ether to another user.
5. Interest Accounts (Staking and Lending)
Interest means the cost of borrowing something, in this case, ether. If you are already trading, you can convert your portfolio to an interest account. Staking and lending is a rather fancy name for it. The crypto trading company you have an account with can borrow from you and repay the given amount with more earning interest.
How Do Ethereum Lending and Staking Work?
You have to be one of the users of the platform you’re lending to. In addition, you need to have a substantial amount in your account to stake. If you have both, you may then request to deposit some of your ether to the company’s account.
The procedure involves agreeing to some terms stipulated by the site. A particular length of time is chosen for when the earned interest and original amount will be repaid. Here are a few finance
platforms you can work with.
6. Crypto Bounties
Named after bounties of Wild West, this method of earning free Ethereum encourages crypto community members with various tasks. The designated tasks are rewarded with tokens after their completion.
Anyone can partake in bounty programs to earn Ethereum for free. Participants help organizations with different tasks on marketing. This is usually done before the token sale ends.
How Do Crypto Bounties Work?
Usually, there’s a pool of tokens for bounties from various projects and a certain percentage of that is allocated for each type of campaign. There are two ways they can split it up; one is the more old-school approach and this is fiat fee where there is a set amount awarded for each listed task.
The second is something called stakes, which is way better and more utilized in recent months. You will get assigned stakes based on the quality and type of completed work and your rewards. See below the steps to earn free Ethereum coins on bounties.
Browse BitcoinTalk for available bounties.
Pick a project you like
Choose and execute bounty tasks
Record your activity
Check results on a spreadsheet
Join Telegram channel for announcements
Receive tokens
Here are a variety of tasks to do and what the scores depend on.
BitcoinTalk signature: Need to be a certain member level
Blog post or video: Quality plus number of views
Translation: Website, ANN thread, whitepaper
Social media: If you’re an influencer
Bug bounty
Coding experts
7. Referral and Affiliate Commissions
If you’re good at persuading, you can earn free Ethereum by referring people to crypto websites. Referral programs use links to reach new members. When friends or family sign up and trade on these sites, you receive a percentage from it.
How Do Referral Programs Work?
Basically, you invite people using a referral link and when they register and commence trading activities on the site, a percentage of it will be deposited into your account. The requirements vary across crypto trading platforms.
Nice article