Way To Improve HNT Miner Market

Seven ways to improve your revenue in the HNT miner market

investing in HNT is a half-mile to financial freedom to try to make capital gains on your investments.  However, unlike a lambda asset, crypto-assets have the characteristics of a currency (exchangeable, storable, and reference values).  Thus, in the same way as your euros, you have the possibility of making your cryptos work to generate passive income.

 Here is a set of methods to increase your end of monthly earnings.

Mining

 Let’s start with the best known.  No doubt, you have already heard of cryptocurrency mining or mining.  As a reminder, miners secure the network by solving mathematical calculations in an attempt to confirm blockchain transactions.

 Mining is often associated with Bitcoin, but it’s much more than that.  For example,(although this will change with version 2.0 scheduled for July 2020) Ether – the cryptocurrency of Ethereum – works via this mining protocol.  Thus, by securing the PoW (Proof-of-Work) network, the miner will create new coins/tokens that remunerate his work.  It is therefore important to know what halving the cryptocurrency is as this will determine the number of coins distributed.

Through  your machine

To become a miner, you will therefore first have to obtain a machine composed of either GPUs (graphics cards) or CPUs (processors). This choice must be made according to the currency you wish to mine.  Indeed, the blockchains not being equivalent, they do not work in the same way.  So look before any action at the blockchain of the targeted token.

 However, it is necessary to pay attention to the costs that this generates.  Indeed, beyond the significant initial budget to buy the machine (amortized on average in 3 years), you must take into account the electricity costs which represent a significant part of the operational costs.  It is after having deducted this that you will be able to have your return (ROI).  To help you, sites allow you to estimate the latter such as CoinWarz.

 Finally, you have the risk of obsolescence of your machine.  Suppliers are in a constant race to produce ever more powerful and less energy-intensive equipment.  It is therefore possible to find yourself in a situation where you buy a machine that becomes obsolete the following month because a model that is twice as efficient is released.

Masternodes

 Masternodes are similar to staking (discussed below).  Thus, it is mainly possible on blockchains using PoS (Proof-of-Stake) consensus and variants.

Just like mining, master nodes make it possible to secure the network.  For this, you will need to lock up some of your cryptocurrencies (this is called collateral) to build your master nodes.  This represents a node that supports the blockchain network and is thus positioned at a strategic location.  If you imagine this, see a network of highways.  Where the stake could be perceived as a gas station, the master node is a toll, that is to say, you are a place of privileged passage, hence the fact that we speak of a node.  This node will typically be located on a server that you rent (such as DigitalOcean or AWS from Amazon).  The goal is to be able to have a master node that works day and night, 24 hours a day, without you having to take care of it every day.  By verifying, controlling, and carrying out the transactions you will then collect between 5 and 20% of the transaction fees.  The return I, therefore, is higher than staking.

 As an indication, here are two examples of annual returns via Masternodes that you can find on the market:

 Dash: 7.6%

 ZCoin: 17%

 But beware!  If the yield is higher it is also because it is not easy to set up.  Programming with the server is not for everyone, and the collateral can be very high.  Moreover, the choice to create a master node is not much different from an investment in a young cryptocurrency or an ICO.  So there are a lot of things to consider and check before getting started.  You can find a complete guide here.  This is why companies have specialized in the field to offer you turnkey solutions.  Masternode pools also exist with the same advantages and disadvantages as a mining pool.

Staking

 Staking is one of the easiest methods of earning passive income.  It works on blockchains in Poland and their variants.  The principle is simple.  By holding cryptocurrencies, you participate in the process of securing the network.  In return, you get a portion of the transaction fees on the ones you secured.

 To understand the difference between master nodes and staking, we can make an analogy with management:

 Masternodes are team leaders who must complete a mission to move the business forward.  Each correctly completed mission will be registered on the blockchain.

 Employees are the nodes that take on the task of completing the task requested by their superior.  This is staking.

 Access to this solution is relatively easy via exchange platforms such as Binance, Coinbase, Poloniex, or the French Coinhouse.  Moreover, it allows the user not to have to lock their funds.

You can also do this through either your cold wallet or even a staking group.  The latter, like the other pools seen previously, will have the advantage of pooling the locked funds and thus standardizing your profits.

 However, if you want to fully immerse yourself in this activity and own a node, I invite you to read this article to fully understand the issues and risks you are exposing yourself to.

 Whether for master nodes, mining, or staking, do not hesitate to get closer to professionals or opt for a pool (less risky and much easier to set up).  Just Mining or Feel Mining (among others) can assist you with setting up a master node, purchasing mining hardware, or staking.

The loans

 The interest of lending its crypto-currencies is that in return, you will receive interest just like a bank loan for example.  To understand how rates are calculated (broadly) one must understand the value of borrowing cryptocurrencies.

 How does it work?

 Unlike the current monetary system where when you borrow you create money, nothing like cryptos.  At the time of a loan, you will need to lock corresponding collateral of 2 to 7 times the amount borrowed.  This collateral remains yours, but functions as a guarantee in the event of non-repayment.  Moreover, it is higher than the amount borrowed because the lender must be sure that you have more interest in returning rather than keeping the loan sum.

 Why borrow?

The first interest is seen in everyday life.  Let’s take an example where you are going to eat at a restaurant.  Thanks to your crypto card, you can pay for your meal but you don’t want to do it in Bitcoin because you are sure that it will increase in the next few days.  The problem is, you have no other alternatives.  You then have the option of borrowing stablecoins like Dai (pegged to the price of the dollar), with no borrowing limit, to pay for your meal.  This will allow you to pay for your meal without de-indexing yourself from the volatility of Bitcoin.  You can then repay Dai once the rise in Bitcoin has taken place and thus take your profits.  When repaying, interest will have to be paid but it should be less than the capital gain realized (if you have calculated your move correctly).  In short, this allows you to keep positions while using cryptos daily.  This example is on a small scale but you can very well see the case with someone deciding to buy a new mining farm. 

These are the various ways you can earn high revenue as crypto or specifically, an HNT trader.

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