A passive income that helped me in my first crypto investment
I'm a big believer in the concept of passive income and have been exploring opportunities to do so through investing in bitcoin and the stock market.
At first the journey was not smooth. My country has an unimposed ban on cryptocurrencies, so I couldn’t really manage to buy them with credit cards. Back then I learned about an intriguing method by which one can passively earn money (although not a big amount but gave me a kick start) and which practically every internet user can perform. Because I had increased the speed of my Internet connection back then, I've been considering various options for putting the extra bandwidth to good use. The thought occurred to me then to lease or rent out my unused bandwidth. From my exploration of the topic on internet, I learned about a number of promising platforms in which to do this. While I have experimented with many of these, some have stood out as very promising. I’ll talk about my experience with one of them, Honeygain.
I found Honeygain in a Reddit post basically, there were people talking about payout and stuff. All I wanted back then was anything that pays in Bitcoin. Honeygain was just that thing, required just sharing of bandwidth. Then I came to know, It is the biggest network of crowdsourced web intelligence that rewards only for using more internet bandwidth. I signed up from the reddit post using a user's referral link and got 5$ at the start [ you can use mine too :) ]. I’m with this app since then.
My experience:
I have used Honeygain on 4 devices intermittently for the past six months on and off, with quite impressive results (given the amount of effort put in). I have chosen to withdraw in BTC and requested 20$ equivalent BTC payout in the second month.Courrently I have chosen JMPT which confers a 10% bonus in earnings. The earnings are transferred to Jumptask, and withdrawable to supported cryptocurrency wallets like Metamask, Trust wallet and so forth. So far, I have already earned approximately $20 in JMPT coin (excluding bonuses) — indeed, not at all a bad form of passive income for simply doing nothing other than renting out my unused internet bandwidth. All my income is from devices with no content delivery availed. One can definitely earn a big chunk with that enabled.
Pic: Two of my withdrawals
The Security concern:
I was worried about the fact that my data will be shared with whom, there’s so many exploitation of personal data going on.
So I was little worried about letting an app access my unused data in the background. After all, what happens if Honeygain sells off all of it? And who, exactly, is using my data plan’s traffic.
I mailed them, Honeygain’s says it only sells traffic to trusted partners such as data scientists and Fortune 500 companies (they however gets my data anyways). Additionally, they claimed they doesn’t gather personal data from its users beyond what’s necessary for the service. — specifically your email address, IP address and chosen payout methods.
They send me this list of features, the following security controls:
You can choose the amount of data you want to sell per day.
The app doesn’t access your storage.
You can control who you share your data with.
All connections are fully encrypted.
So I’m continuing It anyways as I’m pretty much convinced of data not getting mishandled or hacked.
Thanks for reading my article on passive income! Do comment your opinion and encourage me If you want to hear more from me.
In case you wish to use honeygain, download and install Honeygain from here on your computer or phone (Windows, Linux, Android etc) and leave the software running in the background.
Here’s my referral link , This will get you 5$ in signup
https://r.honeygain.me/HAFIZE8DAA