Passive income or is it

Passive income or is it


 

 

Good morning/evening

 

One of the things that first attracted me to crypto wasn't necessarily the price going up. Of course, who doesn't like seeing their investments increase in value, but what really caught my attention was the idea of earning passive income. The thought of buying a device, plugging it in and watching the rewards roll in sounded almost too good to be true. Looking back now, I have realised that sometimes it really was!

Over the years I have tried a few different ways of earning passive income through crypto. Some have been enjoyable, some have been frustrating and some have taught me valuable lessons that I probably wouldn't have learned any other way. Even though not everything worked out as planned, I don't regret giving them a go because they helped me understand the space far better than simply buying a few coins and leaving them on an exchange.

My first real experience was with Helium. At the time it seemed like a brilliant idea. Instead of massive mobile phone companies building expensive networks, ordinary people could help create a decentralised wireless network by hosting hotspots in their own homes. In return they would receive HNT tokens as a reward.

It sounded revolutionary, and to be fair, for a while it felt like it was. I remember eagerly waiting for my hotspots to arrive, finding the best place to install them and checking the rewards almost daily. There was something strangely satisfying about knowing that a small box sitting quietly on a windowsill was actually earning crypto while I got on with my day.

Of course, anyone who followed Helium knows the story didn't stay that simple. Manufacturing delays meant many people received their miners long after the biggest rewards had already been paid out. The network grew incredibly quickly and as more hotspots appeared, the rewards were shared between more people. Suddenly those impressive daily earnings became weekly earnings, then monthly earnings, and eventually many people questioned whether it was worth running them at all.

Despite that, I still look back on Helium positively because it introduced me to a completely different side of crypto. It wasn't just about buying tokens and hoping the price increased. It was about contributing to a network and being rewarded for doing so. Whether the economics worked perfectly is another discussion, but it certainly changed how I viewed blockchain technology.

More recently I was also  running WeatherXM miners. Once again the concept appealed to me because it wasn't simply handing over money and hoping for the best. By operating a weather station I was helping to build a decentralised weather network while earning WXM tokens in return.

Just like Helium, there was a certain satisfaction in checking the app each day to see the rewards building up. Watching your own weather station collecting real data and contributing to a much bigger network makes you feel like you're actually participating in something rather than simply speculating.

 

48d55e75c3eee6d422ea9edbd91afb1963c8dc610d17a6a5ace733286e4383c9.png

 

Have I become rich from any of these projects? Definitely not.

Have they all performed exactly as promised? Also no.

But that's the thing about passive income in crypto. It often sounds far easier than it really is and sometimes is far from passive!

When people hear the phrase passive income they imagine money appearing while they sleep without having to do anything. The reality is usually very different. Devices need maintaining. Firmware needs updating. Internet connections go down. Rewards change. Token prices fluctuate. New participants join the network and reduce everyone's share of the rewards. Passive income often turns out to be less passive

 

There are plenty of other ways people now earn passive income through crypto. Some stake their coins to help secure proof of stake networks. Others provide liquidity on decentralised exchanges. Some lend their assets while others chase the latest yield farming opportunities promising eye watering returns. I am sure I have tried all of these!

Personally, I have become a little more cautious over the years. If someone is promising incredibly high returns with very little risk, experience has taught me to ask far more questions than I used to. Crypto has a habit of reminding us that if something appears too good to be true, it often is.

That doesn't mean passive income opportunities have disappeared. They still exist, but I think expectations have become far more realistic. During previous bull markets it sometimes felt like every new project was advertising unbelievable returns. Today the conversation is shifting towards sustainability, real world utility and whether these projects can still exist five or ten years from now.

Looking back, I think the biggest reward from running Helium hotspots and WeatherXM stations wasn't actually the tokens themselves. It was the knowledge I gained along the way. I learned about decentralised infrastructure, network incentives, tokenomics and the challenges of encouraging thousands of people around the world to work towards a common goal without a traditional company sitting in the middle.

 

Would I do it all again? Probably not.

I don't expect to become wealthy from passive income alone, but I did genuinely enjoy seeing these projects develop. There is something exciting about being involved in emerging technology, even when it doesn't always go according to plan.

Crypto has always been about experimentation. Some ideas succeed spectacularly while others quietly disappear into the history books. Helium has had its ups and downs, WeatherXM has gone down the pan, and no doubt there will be another project in the future promising to reinvent passive income once again.

Will I join it? Probably not lol.

Passive income in crypto may not be as passive as the marketing suggests, but for me it has been an enjoyable part of the journey. It has taught me that sometimes the biggest return isn't measured by the number of tokens you earn, but by the experience you gain along the way. After all, experience is one investment that nobody can take away from you. As I now have solar power, my thoughts are again drifting to have some sort of miner not DePin (been there, done that lol), probably not a BTC one, maybe a LTC/DOGE one, but then I talk myself out of it as it is probably easier to buy the tokens! What are your thoughts?

 

As always, thank you for reading and please feel free to comment.

How do you rate this article?

17


crypto newbie mom
crypto newbie mom Verified Member

I have had an interesting rollercoaster ride into the world of crypto and want to share my story. I also post on Bulbapp.io.


A foray into crypto, A technophobes journey
A foray into crypto, A technophobes journey

A personal blog about how we got into crypto and the rollercoaster ride it was.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.