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5 Crypto Passive Income Sources I'm Focusing On
These have been earning me 7-10% a month or more.
Read time: 3mins
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We are still in a bear market. Most people are NOT paying attention or spending time looking at crypto right now.
What a shame.
Right now is when all the real opportunities present themselves. I am in full heads-down mode with crypto.
I am looking for opportunities. I am investing. And I am paying attention to the trends.
Here are 5 areas I am focusing on at the moment:
Crypto Trading Bots
For the past 6+ months, I’ve been running crypto trading bots with the crypto project WarFi. Their WarBots let you put money into their protocol and then make use of their crypto trading bots. These bots have been running for over a year.
The lowest return in a month has been about 3% and the highest has been nearly 16%.
In June, they had a return of 7% for the month.
Trading bots aren’t risk-free, but these have been performing really well for me, so I plan to keep my money in and probably add a little more. Only put in what you can afford to lose (the same with all crypto). Check them out here.
WarBot Returns
Bitcoin Mining NFTs
Fraction Mining is a project I’ve actually partnered with because I like them so much. They are making it crazy easy for anyone to get into crypto mining.
Basically, you buy an NFT. They take the money from selling the NFTs to set up mining equipment. Then each month they pay out a percentage to each NFT holder.
It’s slightly less profitable than buying the equipment and running it yourself, but it has NONE of the hassles of doing that and is completely passive.
I have 25 of their Bitcoin mining NFTs and 10 of the Kadena mining NFTs. They are all sold out of the BTC ones but will be selling another batch this week. I plan to buy more this week.
New Crypto Node
A crypto I have been mining, buying, and following for several months now is Neoxa. They are trying to bridge the gap between crypto and gaming.
It’s a super early project, so it’s a high-risk high-reward type of thing, but they just launched their masternodes.
These nodes are currently paying 10% per month in rewards. This percentage will go down as more nodes come online, so it pays to be early, but right now the rewards are excellent.
I am running 10 of these nodes. You need 1 million Neoxa coins per node. My nodes will pay me about $1300 this month.
Current Neoxa Node Stats
Crypto spec mining
Most of the mining I have done in crypto has been spec mining. Meaning: speculative mining. I like to mine cryptos that most people don’t know about or that just launched or that aren’t even on an exchange yet.
I’ve made a LOT of money (half a million+) doing this over the years and it’s still a big part of my overall strategy.
Lately, I’ve been really enjoying the iPollo miners a lot.
Their mini miners are super low power and there are quite a few cryptos you can mine on them. This makes them ideal to run at home.
I have the iPollo V1 Mini SE Plus, but the V1 mini and the X1 are both cheaper and also great.
iPollo V1 Mini SE Plus
Crypto Alpha
Also always, I am keeping my ear to the ground and trying to find alpha… which for those that don’t know, just means finding things that beat the market, are very new to the market, or anything that can give you an edge with investing.
I do this in a lot of ways. One of the perks of having an online brand, I get exposed to a ton of things out there. Most bad, but a lot of solid plays too.
I pay attention to smaller accounts on twitter in the replies to bigger accounts. I pay attention to youtube comments. I regularly find myself on crypto message boards reading through new coin announcements. And a bunch of other sources.
I share all the alpha I learn in my community, Zzz Money Club, before I share it anywhere else.
Whatever you do, I hope that you don’t sit on the sidelines right now. You will regret it when the next bull run comes around.
See you next week,
Andy