There are so many ways to start earning passive income. Today it can be hard to decipher between what is a scam and what is real. With so many mixed reviews of things it can make everything seem bad.
After many different searches, i came across crypto currencies. I had knows a little bit about Bitcoin since 2012 but never really got into it or researched it.
But this time with the huge market increase it for sure got my attention. I contiplated investing into it and hoping the market will rise just like you do with any stock or investment.
But i decided i didn't want to risk that big of a loss if something were to happen to the market. Atleast i couldn't justify buying in at this high of a peak.
About a week later after seeing the market increase i found an article talking about crypto currency mining and the pros vs cons of it.
After a bit of digging i found thousands and thousands of people saying there is no profit after cost etc...
So i decided to talk to some people who were mining crypto currencies, looked at their start up costs, roi, expences, and profit.
I then decided this was for me. It seemed to easy and to good to be true.
So i went the cheap route, just incase i failed i wouldn't be out of money.
I found a computer on craigslist for $60. Bought it. Got home set up the mining software, and let it run for a month so i could get some base numbers.
The first month i made $80 and my electricity bill increased by $11. I was impressed. I got my money back. Covered the electricity differance and made profit.
So since then i have went and purchased 3 new graphics cards to increase my earnings.
I now am running 4 graphics cards.
They have another month and i will have my return on invest paid off. And start making profit. I am very impressed at the passive income that doing this can generate.
Do not listed to all of the negative people. Find someone who actually does it and talk to them. More then likely, you can succeed just like them.