Cryptocurrencies and the underlying blockchain technology are here to stay. There is no going back. As time passes, the public will become more acquitted with these emerging technologies and how to benefit from them. The fact that you’re reading this shows that you have heard of Ethereum and you’re interested in making money with Ethereum. Well, that’s not a problem. The years to come are going to be productive for all those who join the cryptocurrency trend today.
4 Ways to Make Money With Ethereum
1. Invest in Ether
This is the most common use of cryptocurrencies. It’s the first thing that will come to your mind when you hear about making money with Ethereum. Well, it’s worthy of being on this list as the value of Ether has increased dramatically over the years. Predictions imply that Ether will eventually sell as high as 800. So, investing in Ether might be a good way to generate passive income.
2. Mine Ether
If you have a little tech experience, you can make some cool cash from mining Ether. Although many factors influence how much you will earn from mining, using the right equipment and joining a pool will help increase your profit. Also, you can decide to pay for cloud mining services if you don’t have enough knowledge about hardware mining.
Bloggers are making a lot of money from the cryptocurrency industry, and no rule says you can’t join in on the fun. Emerging technologies like Ethereum and Bitcoin are hot topics for blogging. People want to learn more about this technology, and they go online to look for information. Keep in mind that it’s going to take some time to build a consistent audience. Also, you can monetize your blog and sell cryptocurrency related courses and ebooks to make money.
4. Monetize DApps
Thanks to the Ethereum blockchain, a whole new world of app development is possible. You can use smart contracts to create decentralized apps and monetize them to make a profit.
These are some ways to make money with Ethereum.