How to make money on cryptocurrency. Five success stories

MiningAmerican Nick Sears began his career in the crypto industry by helping to assemble a mining farm in the city of Dallesport, Washington, when he was 17 years old. Since then, he has been professionally engaged in servicing mining farms. Nick's main specialization is checking the operation of equipment and its repair.Now Nick is 19 years old, he works at the SCATE Ventures mining farm with a capacity of 10 MW for 4.5 thousand ASIC miners. Nick not only works, but also lives on this farm in a separate room with sound insulation.Sears is open every day from 8 am to 4 pm. His main job responsibility is to ensure the uninterrupted operation of each mining device 24/7. In addition, he checks the equipment every day.Nick studies the mechanism of miners, ways to repair them. The teenager's story was told by CNBC. It is reported that Nick earns $ 54 thousand a year.


Crypto projects often pay insufficient attention to security issues. Therefore, attackers regularly discover vulnerabilities in blockchains. For example, in the summer of this year, a cryptocurrency was stolen from the DAO Maker and Chain Swap protocols. However, in addition to cybercriminals, there are also white hackers who help crypto-currency startups to close these vulnerabilities.


In mid-August, a white hacker and security specialist Sam Sun discovered a vulnerability on the Miso platform that could result in a loss of $350 million for the Sushi Swap exchange that owns it. In the case of Sam San, there is no information about the remuneration he received. At the same time, it is known that another blockchain startup ArmorFi promised white hackers a reward in the amount of $ 1.5 million. The Thorchain cross-chain protocol, which was twice attacked by hackers this summer, promised a reward of $ 500 thousand.

Investing in DeFi

The founder of the Defined DeFi service under the nickname Razoreth, a transaction tracker for decentralized exchanges, earned his first million dollars on investments in DeFi. In a series of tweets at the beginning of this year, he said that starting with 1.8 ETH in August 2020, in September his balance was already 500 ETH, and every next month the profit was measured in hundreds of thousands of dollars.


The main way to earn money is to buy tokens that have just entered the Uniswap exchange. Among them Razoreth named tokens YFV, JGN, SUSHI, FARM, YFBETA. The investor claims that he earned more than $ 1 million in six months, of which he withdrew $ 300 thousand in cash, and continued to invest the rest.


Another example of an investor in DeFi is Kevin O'Leary, founder of O'Leary Ventures. In a recent interview, he said that his company was looking for an alternative to investing in commercial real estate. And eventually found it in the form of DeFi. The company invested in the WonderFi DeFi application for cryptocurrency exchange, lending and investment.

Investments in "meme" tokens

"Meme" tokens are a popular area of investment in cryptocurrencies. Two brothers Tommy (38 years old) and James (42 years old), who asked CNN not to disclose their last name, on the advice of a friend, invested $200 each in a Shiba Inu coin at the end of February 2021. Together with them, their family members did it - mother, father, sister. When the price of the token continued to rise, they invested another $100 and bought further. In total, the whole family invested about $8 thousand.


By mid-April, the investment amount reached $100 thousand. The next morning, the price of all their Shiba Inu doubled, and in the following days it rose to $ 700 thousand. On the day when the investments began to be estimated at a million dollars, Tommy and James' mom and sister did not believe that this was really happening.


At the time of CNN's publication, the coins that were stored in the family's wallet were estimated at $9 million. Thus, the profitability of the investment reached 112,400% in two months.

Novice NFT Artist

A 12-year-old boy from London, Benjamin Ahmed, earned about $ 400,000 during the summer holidays by creating a series of NFT tokens called Weird Whales. At the same time, the amount earned by the boy is growing all the time, since he receives 2.5% when reselling tokens.


Ahmed's first collection called "Minecraft Yee Haa" consists of 40 pixel pictures. It did not become popular and did not bring a lot of income. However, the boy was not upset, as he saw it as getting a new experience rather than a way to earn money. Therefore, the teenager continued to create NFT, releasing 3350 pixel images of whales called "Weird Whales".


According to Ahmed, the launch of the project cost him $300. Basically, this amount consists of a gas fee, which is charged when the NFT is released. After the launch in July, the entire collection was sold out in 9 hours, and the teenager's profit in one day amounted to more than 80 Ethereum (about $ 240 thousand at the current exchange rate). Then he earned more


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