Ethereum is considered the second most popular cryptocurrency after Bitcoin. The coin has great potential and is quite attractive to make a profit. The project has a strong team, powerful partnerships and working products, so it’s a sin not to start earning Ether.
How can one earn Ethereum:
- Step 1. Create a cryptocurrency wallet to store the earned cryptocurrency.
- Step 2. Choose the type of Ethereum earnings: it is possible to earn Ethereum without investments or with investments.
- Step 3. Register on the platforms and complete the tasks (if these are Ethereum faucets) or start trading. Purchase and set up equipment in case of mining.
- Step 4. You have become a happy holder of the Ethereum cryptocurrency.
Let's consider these methods in more detail.
Where to earn ethereum without investment
To earn Ethereum without investments, there are many different services called faucets. Let's consider in more detail.
Free Ethereum: you can earn cryptocurrency on faucets
Ethereum faucets are sites that pay users to visit their platforms and complete simple tasks. A faucet is like a lottery that gives out a certain amount of ETH at fixed intervals. There are many such services, and the mechanism of their work is identical to each other.
Faucets differ in the size of ETH accruals, their frequency and the minimum withdrawal threshold. If a few months ago users had no problems with the withdrawal of earned cryptocurrency from faucets, now the situation has deteriorated significantly. Most large projects cease to exist because of problems with advertisers or nonprofitability.
The most annoying thing is that the balances of users on closed faucets freeze, and all earned cryptocurrency “burns”. Administrators do not even think about returning the accumulated coins. And this situation has also affected bitcoin faucets, since the price of BTC has increased significantly and it is much more profitable for faucet owners to simply sell their BTC on exchanges than to make money on their projects, receiving penny payments from advertisers.
There are faucets that pay their users and allow you to earn Ethereum without investment. You need to distinguish the official website of a faucet from fake services, and therefore read what is written on the page carefully. Some examples of working services are Ethfaucet, Allcoins.pw, ClaimFreeCoins, AutoFaucet, and EthereumFree.
To set up the earnings of Ethereum, the user does not have to perform complex tasks. You need to enter captcha at certain intervals, confirming the absence of fraud bots in the system, or surf for Ethereum. The most convenient way to work with Ethereum faucets is on your smartphone.
Let's consider the mechanism of the Ethereum faucet using the example of a service mentioned above.
After entering the website, a window with a variety of advertisements will appear, and money is paid for viewing.
In the "Sign Up" tab, type the email and password that you will need to enter the service in the future, then click "Create Account". That's it, the registration is complete!
Now you can earn Ethereum. Every five minutes, the faucet credits 1610 Gwei, which are transferred to the account balance upon pressing the "Claim Now" button.
The service also has other options for coin accrual rates depending on the time frame:
- 5 minutes - 1610 Gwei;
- 10 minutes - 2890 Gwei;
- 15 minutes - 3860 Gwei;
- 30 minutes - 6430 Gwei;
- 1 hour - 12860 Gwei;
- 4 hours - 32140 Gwei;
- 24 hours - 48220 Gwei.
Gwei is an ETH microparticle, the equivalent of which can be calculated on a calculator.
If you enter the service once a day, then the earnings will be 48220 Gwei or 0.00004822 ETH. If you receive payments every 5 minutes, then you can reach the level of about 400,000 Gwei or 0.0004 ETH. Therefore, in order to reach the withdrawal limit (0.01 ETH + transaction fee), which is issued in the “Account” tab, it will take more than 7 months in case of receiving a reward once a day and about a month with constant activity, taking into account 4 hours of sleep.
How to get Ethereum for free: bounties and airdrops
Many blockchain startups give away free cryptocurrencies through bounties and airdrops. The main goal of such campaigns is to increase awareness of the project and its products, as well as to attract the attention of a wider audience.
The user is given a number of paid tasks (usually activity in social networks). In total, you can make good money on such tasks (up to several ten-dollar payments from one campaign). It all depends on the activity of the participant. In order not to waste time searching for projects, you can use services such as airdrops.io, COINAIDROPS, and BountyHub.
Ethereum freelance earnings
To search for freelance jobs, we recommend using platforms UpWork, XBTFreelancer, CryptoGrind, BitGigs, and Coinality. As for the Russian freelance segment, it is underdeveloped. Yukon.To is one of the Russian-language freelance exchanges where you can find work for cryptocurrency.
Of course, Bitcoin is the most popular payment method in cryptocurrencies, but you can always make an agreement with customers to get payment in ETH.
Due to the high volatility of cryptocurrencies, many are simply afraid to make deals in digital coins. However, in order to protect yourself from situations such as exit, you can fix the exchange rate in rubles, dollars or euros, and upon completion of the task, recalculate in ETH.
What game to play to earn Ethereum
Game lovers have a real opportunity to make money on their favorite occupation. You just need to play and get Ether coins into your account. The most popular for earning ETH are EtHero and CryptoKitties (although the hype for crypto kitties has already subsided a little).
EtHero is a pure clone of the Bitcomine game where you can earn bitcoins. In the game, you manage a sector of the mining industry. Such a position will help you raise money by managing your subordinate miners. The amount of money that will be credited to your account will depend on the ability to manage and work.
CryptoKitties includes buying kittens, breeding them, and even breeding new breeds with subsequent sale. Some breeds’ cost reaches hundreds of Ethereums.
Until now, this method of earning coins is treated with distrust and is considered frivolous. But the number of such games continues to grow.
How to earn Ethereum with investments
As far as investing in the Ethereum cryptocurrency is concerned, the current investment should pay off, at least in the long run. Users who are investing now may be among those who will benefit from the next boom in the cryptocurrency market.
You can invest in Ethereum in 2022 through the purchase of coins for trading on exchanges or of mining equipment.
Ethereum mining earning
Miners are a vital element in keeping the Ethereum blockchain running. They create new blocks in the network, for which they receive a reward in the ETH cryptocurrency.
In order to start mining, miners use mining graphics cards (GPUs) or ASICs. The equipment is not cheap and has a considerable payback period, which depends on the price of the coin, the cost of the equipment, the cost of electricity, etc.
To calculate the profitability of Ethereum mining, you can use an online calculator such as WhatToMine.
ETH earnings on the exchange
How to earn Ethereum fast? Ethereum is very popular in the crypto community, so the coin can be found on all known cryptocurrency trading platforms. Cryptocurrency trading is one of the most profitable investment options. The principle of earning is based on the purchase and sale of cryptocurrencies, i.e. selling high and buying low.
But you may not be able to sell. So, we earn ethereum and go for a long term. As for exchanges, another way to get ETH is to participate in referral programs. To do this, it is absolutely not necessary to make your own investments, and the main task is to attract traders for making passive profit for their activity.
How to earn Ethereum online: other ways
How to earn Ethereum without investments interests many people. There are many other ways to earn cryptocurrencies, but most of them carry increased risks. You are much more likely to run into scammers and suffer losses than earn anything:
- Gambling. You can earn capital by playing for cryptocurrency. But in this hobby, you need to know how to limit yourself, since besides cryptocurrency, you can lose everything.
- Cloud mining. An investor buys a contract for a specific period from specialized data centers. The cost of contracts starts from $1. The amount of income will depend on the investment and the term of the contract. However, there are many fraudulent projects in this sphere.
- Investing in ICO and IEO. 2017 is considered the year of the ICO. At that time, almost everyone made XXX on investments in projects. However, today the situation has changed, and most ICOs are unprofitable. But they were replaced by IEOs. IEO is the same ICO, but with an exchange as the guarantor of such a sale of tokens. However, without a thorough preliminary analysis and risk assessment, it is not worth investing in startups.
Many large investors tend to believe that it is more strategically profitable not to buy ETH coins, but to invest in projects related to the platform. New projects appear with enviable regularity. Many of them are potentially interesting options for long-term investments.
The price of Ethereum is directly related to the demand for cryptocurrency. The more people want to buy a coin, the higher its market price will be. Ethereum is popular, which means there is no serious reason to worry about its collapse. Therefore, earning Ethereum may, more than ever, be appropriate for making a profit in the future.
