Are you interested to learn how to earn ethereum from home without investing your own money? Join the club! Over the past several years we’ve discovered several opportunities to claim ethereum airdrops. But that’s not the only way to earn ethereum. Continue to read to find out exactly how you can start creating extra income from the comfort of your home. Or maybe even from an exotic beach as a digital nomad. We all love crypto airdrops, ETH giveaways and to earn extra cash with crypto.
So let’s find out what the different ways to earn ethereum are…
What is ethereum?
If you’re completely new to this, have a look at some previous blogs where we covered the main points you need to learn. It includes, What is ethereum, Set up your ETH wallet, GAS fee explained and how to complete your first transaction .
But in short we can state: Ethereum is a blockchain based platform with smart contracts.
” Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ether is a token whose blockchain is generated by the Ethereum platform”
How to earn ether online
You can find multiple methods to can earn crypto on the internet. We established a short list for you, starting with the most easy ones.
Get ready to start earning ethereum daily while sitting behind your laptop.
1. Ethereum faucets to get ETH
Are you thinking, what is a faucet?
“A device that controls the flow of liquid, mainly water, from a pipe”
With digital coins this means you get a micro amount of crypto deposited in your wallet at a steady pace.
Let’s look at a possible scenario, you can receive free 0.0001 Monero in your wallet every day.
Even though that sounds negligible. Why would you ever walk away from free crypto?
In the starting era of Bitcoin, this concept grew in popularity quickly. To create brand awareness and attract a community, Satoshi Nakamoto and other early adopters of BTC created faucets and other giveaways to accelerate the adoption of crypto.
We’ve heard rumors that you would receive real Bitcoin’s for just creating a BitcoinTalk account. With over 2.5 Million accounts today, it’s hard to image you actually got paid to create an account there nearly 10 years ago.
From this faucet, you get free ether every 30 minutes. All you have to do is solve the captcha, to make sure you’re not a bot. In addition you earn more ethereum when you refer your friends.
On a side-note, this faucet can get a bit annoying with the amounts of advertisement displayed. But if you’re willing to see some advertisement to earn ethereum, this is a good way to get started.
Try it out today.
2. Ethereum airdrops or ERC20 giveaways
We wouldn’t be Airdrop Alert, if we would forget about airdrops.
Ethereum is by far the most popular platform for free crypto airdrops, with over 80% of token giveaways on their network.
The Ethereum foundation itself, never did an airdrop. However there have been several spin offs or hard forks that called them self ether airdrops.
The most important trade of this platform, is that most free coin giveaways are ERC20 tokens. Which means these ether airdrops can be collected in your ethereum wallet.
Our favorite strategy is to claim all airdrops available, and sell those for ether or BTC at a later stage. Preferably when they increase in value. Arguably this could be the best way to earn ethereum. It almost feels like an ethereum lottery when you are hoping for prices to surge.
People from dozens of countries around the planet are already earning with ethereum airdrops, why shouldn’t you?
3. Hard forks
Ether hard forks are often referred to as airdrops, however there is a slight difference. For an airdrop you usually provide some social engagement while a hard fork you merely hold the coin at the time of the split.
” A hard fork (or sometimes hardfork), as it relates to blockchain technology, is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa). This requires all nodes or users to upgrade to the latest version of the protocol software. “
In other words, if you have 1 ETH at the time of a hard fork, you get a duplicate of the new coin.
Simply put you earn Ethereum, by just holding it.
The most famous Ether hard fork occured in July 2016. After a hack which cost nearly 50 million USD the network split into two chains, which resulted in Ethereum classic.
In the image above you can see a list of other ether variants, which haven’t been able to create a sustainable new chain to date. But that doesn’t mean you should disregard all hard forks.
Just keep an eye out on relevant airdrop news and we’ll notify you when a potential valuable hard fork takes place. Even holding crypto can help you earn ether.
4. Earn ethereum with daily interest
Once you’ve build a portfolio of crypto coins, you can start earning interest on top of them. This might be the fastest way to earn free money online today. You just light up a cigar, pour yourself a glass of bourbon and watch your wealth compound.
If you’re a subscriber of Airdrop Alert, you received an email last quarter, to notify you of the project Nexo. If you opened them, possibly you’re already earning ether with Nexo.
Nexo offers 6.5% yearly interest, which is paid out every day. So once collected enough free coins you can start earning on top of them. Like the wealthy business men on this planet, start to earn money with your money.
Find out more on Nexo loans.
5. Ethereum mining with your computer
In 2017, Nvidia video cards were sold out across the world. There was a gold rush to get into mining. But in late 2018 many cards were up for sale. With the price drop of the crypto market, mining was not profitable anymore for the average Joe.
Crypto mining gets a sentiment of “free money”. If you have a computer, which most of us do, you can become a miner. Free crypto has never been that easy right?
Not quite. Yes, you can mine ether on your laptop, but the cost of energy will be higher than your earned ether.
Plus, the hardware of your laptop is competing against pro miners who spend hundreds of thousands of dollars on specialized hardware and mining rigs to earn ether as mining rewards.
Cloud mining, is that the solution?
The novice miner is better of trying cloud mining. In this case you don’t buy special computers, but you join a pool from a mining farm who delivers the computing power for you.
You claim a piece of the pool earnings based on how much computing power you rent.
There are a spectrum of different cloud crypto mining services. Take a quick peak at Hashflare if you’re curious to earn ethereum this way.
Last words on earning ether from home
All 5 ways to earn ether can be done from your own home. That’s one of the key features we appreciate about cryptocurrency. Creating your own active and passive income streams have become significantly easier for anyone who has an internet connection and a smartphone.
If you think about that, you quickly realize that it is drastically changing life’s across the globe.
Earning cryptocurrency is a great way to learn about blockchain technology. You don’t have to be afraid to lose coins you got for free. This gives you the freedom to play around with it a bit, to get to know the ins and outs of the new possibilities.
With Airdrop Alert it’s never been this easy to collect these token giveaways or bounties. With just a few clicks you can already start collecting free coins.
If you want to get weekly updates about crypto airdrops, relevant news and bounties, Sign up for a free newsletter today.
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Blockchain entrepreneur since 2013 and founder of AirdropAlert.com. “Crypto has changed my life and I’m here to share my knowledge, experience and enthusiasm with you.”
Favorite cryptocurrency: Ethereum, Stellar & Litecoin
Favorite Airdrops: OmiseGo, BlitzPredict & AELF