Making Passive Income with Gamerhash for gamers in Web 3
Updated: Feb 8
As a content creator in web 3, you can now share your computing power and earn Gamer Hash native Tokens, and mine bitcoin. This decentralized platform is changing the game on how we can earn passive income in our journey in crypto.
Below will lists some benefits and also some of the cons. I think it's important to be transparent and also aware of both sides of the coin, catch my drift.
Benefits of using Gamerhash
The benefits of using Gamerhash is that if you are already a gamer, chances are using the a application can be a nice perk for you. There are a list of popular games and even metaverse platform such as sandbox where you can Play 2 earn. Even when you are finished playing your games, you can then set your computer to mine bitcoin right after. I think that is a powerful tool, especially if you enjoy already using a gaming computer. I have been metaverse performing for almost 3 years. Last year i found Gamerhash from a user in Decentraland Boxman who put me on. I started making around $40 a month mining crypto my first year. The better quality setup you have the more potential. Each person will make a different amount, depending on your device and location.
Learn More . . .
GamerHash is a platform that allows users to earn cryptocurrency by playing and completing tasks in games. As a metaverse Performer in Decentraland I can say, its super easy to alternate from using the game, then turning on my mining when i finish playing. Check out the list of benefits below.
Some benefits of using GamerHash are:
Earning cryptocurrency: Users can earn cryptocurrency by playing games and completing tasks, making it a fun and engaging way to earn money.
Wide variety of games: GamerHash offers a wide variety of games, from casual to competitive, giving users a range of options to choose from.
User-friendly platform: GamerHash is designed to be user-friendly, making it easy for users to start earning cryptocurrency without any prior knowledge or experience.
Increased engagement: By offering a new way to earn money through gaming, GamerHash can increase user engagement and retention in the games it offers.
Potential for earning passive income: With the ability to earn cryptocurrency while playing games, users can potentially earn a passive income stream through the platform.
I also want to include some of the cons of mining crypto. We want to be mindful of our electricity usage. We all know, mining crypto takes computing power. So a suggestion is to test out your usage by month, look at your bills, and adjust accordingly. If it makes sense, for you then this may be a good suit.
I may add, that certain computer GPUs and CPUs are determining factors, as the higher quality, you will be able to earn at a higher rate. So just be mindful of these, and make your decision if you plan to mine all day long.
Playing to earn, or using platforms like GamerHash, can have some potential negatives. Things you should keep in mind are . . .
Time investment: To earn significant amounts of cryptocurrency through playing games, users may need to invest a lot of time and effort into the platform.
Uncertainty of earnings: The amount of cryptocurrency earned through playing games can be uncertain and subject to market fluctuations, making it a risky way to earn money.
Addiction potential: For some users, the process of earning cryptocurrency through gaming can become addictive, leading to negative consequences such as neglecting responsibilities and social relationships.
Limited earning potential: The earning potential through playing to earn platforms can be limited, especially compared to other more traditional methods of earning money.
Dependence on platform: Users who earn cryptocurrency through playing games are dependent on the platform, and changes to the platform's terms or services can negatively impact their earnings.
Lack of financial stability: Cryptocurrency is not a stable form of currency, and its value can be subject to significant fluctuations, making it a risky form of earning and savings.
There are always some pros and cons when you are using crypto platforms, there are always risks involved. So it's important to keep safety measures in place. Like keeping your wallet secured, saving your seed phrase in a safe place. Not getting addicted to platforms that hinder your in real life duties. I think web 3 takes an incredible amount of will power and also balance to succeed and also have a healthy experience within this new technology. I suggest to always do your research and also seeing what works best for you. There are a lot of web 3 Games like play to earn out there.
I would also keep in mind what partnerships they have, as it also helps to determine if they are reputable and trustworthy. Here are a list of Partners Gamerhash is with.