How ANYONE Can Start A $100K/Year CRYPTO Mining BUSINESS in 2022



Published
In this video, I'll show you how it's possible to start and grow a $100K/year crypto mining business in 2022.

Time stamps:

0:00 - Why start a crypto mining business
1:08 - Step 1: The Research Phase
1:59 - Step 2: How to go from $0 to $30K/Year
2:40 - Step 3: Scale up from $30K/year to $100K/year
4:52 - Other creative ways to scale up
6:40 - The risks

#cryptomining #crypto #cryptocurrency

Why start a crypto mining business?

You pay less taxes and get protection from personal lawsuits

How do you actually do it?

Step 1 - Find a crypto project you believe in (Bitcoin mining, PlanetWatch, helium, etc)
Step 2 - Start building an income stream for yourself (invest in the mining equipment and start getting paid). From just using Helium, PlanetWatch and MatchX you can get paid $30k year in passive income. Watch this video to learn how.
Step 3 - Scale up by adding partnerships

When it’s working for you, you can now help other people (such as family and friends)

I would recommend by just saying his much you’re earning from the Crypto mining projects you’re involved in. Then say if you want, I can point you in the right direction of how to set this up yourself. But if you don’t have the time or want to take the risk to learn how it all works, I can take do everything for you and we just split the profit 50/50 or 25/75. So that way it’s a win win situation for everyone involved.

So let’s say you split the profit 50/50. If the crypto mining projects earn $30K/year, you’d be getting $15K/year. And if you find 4 people to do this with, we can multiply $15k/year x 5 people = $75K/year.

Plus the $30k from your main income stream, that would mean you can get $105k/year from your crypto business.

If you don't want to work with other people or speak to friends or family members, there could still be other ways for you to scale up by thinking creatively.

For example, if you have your own office space, you can use some of those areas to plug in your mining devices. The indoor planetwatch air quality devices would be perfect for this.

Or, if you already have properties that you rent on Airbnb, you could also install these mining devices in those properties for additional monthly revenue.

And if you want to be really creative you could even try contacting other people with an Airbnb property to see if they'd be interested in some kind of 50/50 partnership.

Or you could do all of the above if you really want to scale things up and turn this into a proper business

Beware of the risks!

Now as good as everything so far sounds, I feel like it's important we talk about the risks involved. With any business there are always going to be risks, but I believe with a crypto related businesses the risks may be even higher. So before you decide this is something you want to do, keep in mind the following 3 risks

Risk 1: price of crypto currency can fluctuate greatly. The crypto you earn could decrease and you earn less money. Ok the other hand, the price could increase and you can earn more money. The truth is no one knows for sure what will happen in the future, but you should definitely take into consideration there is a chance crypto could go to zero and you loose everything. So I'd only recommend investing what you can afford to lose

Risk 2: the projects rules could change. Something could change in the mining projects you're involved in which could affect your earnings. For example, if you're involved in Helium mining, you might start out in a great location. But over time if more Helium miners join your area, it could become oversaturated and your earnings go down

Risk 3: the project could fail. many crypto mining projects are in it's early stages so if they don't succeed as planned, all the mining equipment you bought could be worthless.

Now in my opinion - and this is not financially advice - but I believe there is a greater chance the projects will be successful rather than fail. So I'm happy to take on that risk. But in your situation, you'll need to weigh the risks and rewards for yourself and come to your own conclusions.

So hopefully this video gives you a good idea of what you need to do to build your own crypto business
Category
Cryptocurrency Mining
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