Today I’m going to compare the monetary rewards you get from HIVE and Read.Cash.
Note that I’m going to tell you who pays the most based on my experience, and what option is the best for each goal.
Surprise surprise, one is better for the short term and the other is better for the long run.
Let’s start analyzing it and making sure you have every tool you need in order to succeed at full-time blogging/writing to supplement your income.
How Do They Pay Users: Where Does the Money Come From?
First of all, we have to understand the economic model behind the two websites.
If we want to blog for money, we need to make sure what we do is sustainable and can last, avoiding every other platform that promises much but doesn’t deliver.
As far as HIVE is concerned, you get a piece of the rewards pool, as well as curators on your pieces. The voting system is pretty known by now, and it's solid.
This means that the business is sustainable and you are bound to earn as long as HIVE is around and the token has value.
On the other hand, Read Cash doesn’t pay you, your readers do.
You have a “tip jar” of sorts after each blog you publish (a bit similar to the upvoting button here), and the readers tip you what they deem appropriate.
Fortunately, if your article is good, I’ve found to be able to make around $7 or $10 per article published in the first two days.
There are pretty general tippers on the website, and some automated tippers that reward unique content – it’s pretty nice.
How Do You Cash Out: Means of Payment
When it comes to HIVE, you can get paid in HBD and HIVE / HP, but the rule of thumb is that if you want to cash out you convert the token to your currency of choice.
So, it is pretty easy.
I never had any problems with HIVE.
On the other hand, Read Cash pays via Bitcoin Cash, so you’re getting paid in BCH – a wallet is automatically generated for you, and then you can easily transfer it to Bittrex to withdraw to your bank account.
It’s easy as well, so I guess this is a tie.
The tips on the site aren’t picked by BCH, but for Dollar values, so no matter how much BCH devalues, $10 is always $10 – but if it rises then the previous payments you got an increase in value so it’s a win.
Short-Term Earnings Potential:
As far as short-term earnings potential, Read Cash is the clear winner.
Why?
Well, HIVE mostly depends on big HP players, which are mostly dormant, and so most people who aren't actively paying for bots or in a community earn close to nothing.
On the other hand, expect to earn anywhere between $7 to $10 per high-quality article you write on Read Cash, so you’ll get paid upfront and reliably as there is even a bot that tips 5-9 on average to any high-quality post (yes, without you needing to pay a dime, so it's reliable".
This is why Read Cash holds the trophy on this one.
Long-Term Earnings Potential:
In the long-run, I have to give the trophy to HIVE.
I’ve been a blogger here at HIVE since before it existed (on STEEM) and for around 4 years or so, and I’ve been increasing my earnings from year to year.
This is because HP allows me to get passive income through APR, Curating and Delegations.
This is why HIVE is superior.
On Read Cash you get paid upfront, but your articles kind of get irrelevant as time goes by and there's no compounding.
Conclusion: Read.Cash vs HIVE
To sum it up, if you want to build a passive income profit machine, write for HIVE as it is definitely the best choice for long-term strategies.
Finally, if you want or need the money fast or upfront, opt for Read.Cash as it can pay you upfront for all your high quality and unique articles, being a reliable money earner for those who still don’t have a good portfolio of articles built up.
So, you have got two great portals, one for the short-term, one for the long-term, maybe it’s worth it to go for both!
If you want to join Read.Cash, join under me clicking here