Amid this economic crisis upon our throats, more and more people are coming up with ways to make some extra dough.
The Baked Beans Project is gaining momentum and spreading like wildfire.
Long are the days when you have to spend thousands of dollars to buy an expensive miner or expensive graphic cards that will end up making you $2/day. This will result in lots of sleepless nights because of noisy fans and a steaming hot apartment. While the creditors are at your doorstep because you are late to pay your electric bills.
Before we get into how to generate passive income from mining projects, the key to success is to invest more than withdraw.
By using the law of 6:1, where you reinvest your rewards at least once a day every day for six days and withdraw your rewards once a week. Because if you withdraw your rewards every day your daily % rate decreases.
Besides baked beans, there are two other projects that will increase your cryptocurrency portfolio. Both are based on FTM (Fantom) rather than BNB, and they use a similar concept.
Spooky Minear is an exact copy of baked beans that pays you 8% of your initial investment on a daily basis.
FTM Factory is another project which is slightly different because it pays you a higher interest rate than the second one and has been released later. It pays you 10% of your initial investment.