Can one still earn money from cryptocurrency?

Yes, it is still possible to earn money from cryptocurrency. Cryptocurrencies like Bitcoin, Ethereum, and others have experienced significant growth over the years, leading to opportunities for investment and trading. However, it's important to note that cryptocurrency markets can be highly volatile and unpredictable, and success is not guaranteed. It requires careful analysis, knowledge of market trends, and risk management strategies. Additionally, there are alternative ways to earn money in the cryptocurrency space, such as mining, staking, and participating in Initial Coin Offerings (ICOs) or token sales.

 In addition to trading and investing in cryptocurrencies, there are other ways to earn money in the cryptocurrency industry:

 - Mining: This involves using powerful computer hardware to solve complex mathematical problems in order to validate transactions on a blockchain and earn newly minted coins as a reward. However, mining can be resource-intensive and requires technical knowledge and significant upfront investment.

 - Staking: Certain cryptocurrencies use a proof-of-stake (PoS) consensus mechanism, where users can earn additional tokens by holding and "staking" their coins in a wallet. By doing so, they contribute to the security and operation of the network.

 - Running Masternodes: Some cryptocurrencies have a masternode system that rewards operators for providing services like network stability, transaction privacy, and instantaneous transfers. By running a masternode, you can earn regular income depending on the cryptocurrency's reward structure.

 - Participating in Airdrops: Airdrops are free token distributions by blockchain projects to promote awareness or reward their communities. By keeping an eye on cryptocurrency forums and social media, you can discover airdrop opportunities and potentially earn tokens.

 - Providing Liquidity: Decentralized finance (DeFi) platforms allow users to provide liquidity to trading pools and earn fees in return. This requires locking up your cryptocurrency in smart contracts and comes with certain risks.

 - Freelancing and Gig Platforms: Some platforms enable freelancers to receive payments in cryptocurrencies. By offering your services on these platforms, you can earn cryptocurrencies as payment for your work.

 - Crypto Affiliate Programs: Many cryptocurrency exchanges, wallets, and other crypto-related services offer affiliate programs. By referring new users through your unique affiliate link, you can earn a commission on their trades or transactions.

 - Creating and Selling Digital Products: If you have skills in creating digital products like eBooks, online courses, or graphics, you can sell them for cryptocurrencies. Various platforms allow creators to sell their digital products directly to customers, often using cryptocurrencies as the payment method.

 - Arbitrage Trading: Cryptocurrency exchanges can have price discrepancies between different platforms or markets. Arbitrage traders take advantage of these price differences by buying cryptocurrencies on one exchange at a lower price and selling them on another exchange at a higher price, earning profits from the spread.

 - Participating in Initial Coin Offerings (ICOs) and Token Sales: ICOs and token sales allow investors to buy new tokens at an early stage. If the project is successful, the value of the tokens can increase, resulting in potential profits.

 - Yield Farming: Yield farming involves lending or staking your cryptocurrencies on decentralized finance (DeFi) platforms to earn interest or yield. By providing liquidity to specific pools, you can earn additional tokens or fees.

 - Peer-to-Peer Lending: Some platforms allow you to lend your cryptocurrencies to borrowers and earn interest on your loans. This can be an alternative way to earn passive income from your crypto holdings.

 - NFTs (Non-Fungible Tokens): NFTs have gained popularity as unique digital assets that can represent ownership of digital art, collectibles, or virtual real estate. If you have artistic skills or valuable digital assets, you can create and sell NFTs, potentially earning money from their sale or royalties.

 - Running Crypto-related Blogs or YouTube Channels: If you have expertise in the cryptocurrency field, you can share your knowledge and insights by running a blog or YouTube channel. By attracting a large audience, you can monetize your content through advertisements, sponsorships, or donations.

 - Developing Blockchain-based Applications: If you have programming skills, you can develop decentralized applications (dApps) or smart contracts on blockchain platforms like Ethereum. By creating successful applications, you can generate income from transaction fees or by selling your developed dApps.

 - Cryptocurrency Consulting or Advisory Services: With the growing demand for cryptocurrency knowledge, you can offer consulting or advisory services to individuals or businesses seeking guidance on investing, trading, or understanding the intricacies of the cryptocurrency ecosystem.

 - Cryptocurrency Mining Pools: Instead of mining individually, you can join mining pools where multiple miners combine their computational power to mine cryptocurrencies collectively. By joining a mining pool, you can increase your chances of earning rewards and sharing profits with other participants.

 - Cryptocurrency Affiliate Marketing: If you have a strong online presence or a significant following on social media, you can promote cryptocurrency-related products or services through affiliate marketing programs. By referring customers through your affiliate links, you can earn commissions on their purchases or actions.

 - Crypto Trading Bots: Trading bots use algorithms to automatically execute cryptocurrency trades based on specific strategies or indicators. By utilizing these bots effectively, you can potentially earn passive income by taking advantage of market fluctuations and executing trades on your behalf.

 - Masternode Hosting Services: Running a masternode can be technically challenging for some cryptocurrency holders. You can offer masternode hosting services to individuals who want to participate in a particular cryptocurrency's network, allowing them to earn rewards without the hassle of setting up and maintaining their own masternode.

 - Cashback Platforms: Some platforms offer cashback in the form of cryptocurrency when you make purchases using specific payment methods or through their affiliated merchants. By taking advantage of these platforms, you can earn cryptocurrency rewards for your everyday spending.

 - Bug Bounties: Blockchain projects and cryptocurrency exchanges often offer bug bounty programs, where they reward individuals who find and report security vulnerabilities or bugs in their systems. By participating in bug bounty programs, you can earn rewards in cryptocurrency for helping improve the security of these platforms.

 - Crypto Lending Platforms: Some platforms allow individuals to lend their cryptocurrencies to borrowers and earn interest on their loans. By lending out your cryptocurrencies, you can earn passive income from the interest generated.

 - Staking-as-a-Service (SaaS): If you have technical knowledge and resources, you can offer staking services to others who want to participate in proof-of-stake (PoS) networks but lack the technical expertise or infrastructure to do so. By providing staking services, you can earn fees or a percentage of the rewards generated through staking.

 - Cryptocurrency Education and Courses: If you have in-depth knowledge about cryptocurrencies, blockchain technology, or trading strategies, you can offer educational courses or consulting services to individuals or businesses. By sharing your expertise, you can earn money by teaching others about the cryptocurrency space.

 - Decentralized Exchanges (DEX): Some decentralized exchanges offer liquidity provider programs, where you can contribute your cryptocurrencies to liquidity pools and earn a share of the trading fees generated on the platform.

 - Token Airdrops and Bounty Programs: Cryptocurrency projects often conduct airdrops and bounty programs to distribute tokens or reward individuals for specific tasks like promoting the project on social media, writing articles, or finding bugs. By participating in these programs, you can earn tokens as a reward.

 - Cryptocurrency Research and Analysis: If you have strong research and analytical skills, you can provide research reports, market analysis, or investment advice to individuals or companies interested in the cryptocurrency industry. By offering valuable insights, you can earn money through subscriptions or consulting fees.

 - Crypto Microtasks: Some platforms allow you to complete microtasks or small jobs in exchange for cryptocurrency rewards. These tasks can include simple online tasks like filling out surveys, testing websites or apps, or participating in online quizzes or games.

 - Cryptocurrency Lending and Borrowing: Crypto lending platforms enable you to lend your cryptocurrencies to borrowers and earn interest on your loans. Similarly, you can also borrow cryptocurrencies by offering collateral and pay interest on the borrowed amount.

 - Crypto Staking Pools: Instead of staking your own cryptocurrencies individually, you can join staking pools where multiple participants pool their funds together to increase their chances of earning staking rewards. The rewards are distributed among the participants based on their contribution.

 - Crypto Cashback Credit Cards: Some companies offer credit or debit cards that provide cashback rewards in the form of cryptocurrencies for every purchase made using the card. By using these cards for your everyday expenses, you can earn cryptocurrency rewards.

 - Participation in Token Sales and Initial Exchange Offerings (IEOs): Token sales or IEOs are fundraising events where new cryptocurrency tokens are introduced to the market. By participating early in these sales, you may have the opportunity to acquire tokens at a lower price and potentially sell them later at a higher value.

 - Cryptocurrency Arbitrage: Arbitrage opportunities can arise when there are price differences between different cryptocurrency exchanges or markets. By buying low on one exchange and selling high on another, you can profit from these price disparities.

 - Crypto Gaming and eSports: Some blockchain-based gaming platforms reward players with cryptocurrencies or digital assets based on their in-game achievements. Additionally, participating in eSports tournaments and competitions related to cryptocurrency games can also provide opportunities to earn prizes or rewards.

 - Cryptocurrency Affiliate Marketing: You can earn money by promoting cryptocurrency-related products, services, or platforms through affiliate marketing. By referring new users or customers through your unique referral links, you can earn commissions or bonuses on their transactions or activities.

 - Crypto Cash Loans: Some platforms allow you to borrow money against your cryptocurrency holdings as collateral. By using your crypto as collateral, you can receive a loan in fiat currency without having to sell your cryptocurrencies. This can be useful if you believe the value of your cryptocurrencies will appreciate over time.

 - Crypto Crowdfunding and Initial Coin Offerings (ICOs): You can participate in crowdfunding campaigns and ICOs by investing in promising blockchain projects at an early stage. If the project succeeds, the value of the tokens you acquire during the campaign may increase, allowing you to earn profits.

 - Cryptocurrency Affiliate Networks: Joining affiliate networks that specialize in cryptocurrency can provide access to a wide range of affiliate programs and offers. These networks offer a centralized platform where you can find various opportunities to promote and earn commissions from different cryptocurrency-related products and services.

 - Cryptocurrency Market Research: Many companies, investors, and institutions require market research and analysis on the cryptocurrency industry. If you have skills in market research and analysis, you can offer your services to provide insights, reports, or forecasts to these entities.

 - Crypto Payment Gateways: If you own a business or run an online store, integrating cryptocurrency payment gateways can allow you to accept cryptocurrencies as a form of payment. By offering this option, you can tap into the growing number of cryptocurrency users and potentially increase your customer base.

 - Decentralized Finance (DeFi) Yield Aggregators: DeFi yield aggregators pool funds from multiple liquidity providers and automatically allocate them to different lending or staking platforms to maximize yield. By depositing your funds in these platforms, you can earn higher yields compared to individual platforms.

 - Crypto Arbitrage Trading: Arbitrage trading involves taking advantage of price differences for the same cryptocurrency across different exchanges. By buying low on one exchange and selling high on another, you can profit from these price discrepancies.

 - Freelancing in the Crypto Industry: If you have skills that are in demand in the cryptocurrency industry, you can offer your services as a freelancer. This can include tasks such as blockchain development, smart contract auditing, content creation, graphic design, marketing, and more.

 - Cryptocurrency Education and Courses: If you have extensive knowledge and expertise in cryptocurrencies, blockchain technology, or trading strategies, you can create and sell educational courses or host webinars. By teaching others about cryptocurrencies, you can earn money through course sales or charging for access to your expertise.

 - Cryptocurrency Market Making: Market makers provide liquidity to cryptocurrency exchanges by placing buy and sell orders at different price levels. They aim to profit from the spread between the bid and ask prices. If you have the necessary capital and trading expertise, you can become a market maker on select exchanges.

 - Algorithmic Trading: Algorithmic trading involves using automated software or trading bots to execute trades based on predefined strategies. By leveraging algorithms, you can take advantage of market opportunities and potentially earn profits without constant manual monitoring.

 - Cryptocurrency Consulting and Advisory Services: If you have deep knowledge and experience in the crypto industry, you can offer consulting or advisory services to individuals or businesses. This can include advising on investment strategies, portfolio management, ICO analysis, regulatory compliance, and more.

 - Cryptocurrency Podcasts or YouTube Channels: Creating content in the form of podcasts or YouTube videos about cryptocurrencies and blockchain technology can attract an audience and potentially generate income through sponsorships, ad revenue, or donations.

 - Decentralized Autonomous Organizations (DAOs): DAOs are open, transparent organizations governed by smart contracts and token holders. By actively participating in DAOs, you can earn tokens or rewards based on your contributions to governance, development, or community-building activities.

 - Launching Your Own Cryptocurrency: If you have the technical knowledge and resources, you can create your own cryptocurrency or token. By launching an initial coin offering (ICO) or token sale, you can raise funds and potentially profit if your project gains traction and the value of your tokens increases.

 - Crypto Tipping and Donations: Some platforms and social media networks allow users to send or receive cryptocurrency tips and donations. If you create content or provide value to others in the crypto community, you may receive tips or donations as a way of appreciation.

 - Cryptocurrency Affiliate Networks: Joining cryptocurrency affiliate networks can provide access to a wide range of affiliate programs and offers related to cryptocurrencies. These networks offer a centralized platform where you can find various opportunities to promote and earn commissions from different crypto products and services.

 - Masternode Hosting and Sharing: If you have the technical knowledge and resources, you can set up and host masternodes for specific cryptocurrencies. By providing hosting services, you can earn a portion of the rewards generated by the masternode while allowing others to participate in the network.

 - Cryptocurrency Market Data Analysis: The cryptocurrency market generates vast amounts of data, and many traders and investors are seeking insights and analysis. If you have skills in data analysis, you can provide market data analysis reports, indicators, or signals to subscribers or clients.

 - Cryptocurrency Arbitrage Bots: Building and running your own cryptocurrency arbitrage bots can help automate the process of finding and executing profitable arbitrage opportunities. By leveraging automated bot strategies, you can potentially earn profits from price discrepancies across exchanges.

 - Blockchain Development and Consultancy: If you have programming skills and experience in blockchain development, you can offer your services to individuals or businesses looking to build their own blockchain-based applications or smart contracts. Additionally, you can provide consultancy services on blockchain technology implementations.

 - Hardware Wallet Reselling: Hardware wallets are devices used to securely store cryptocurrencies. If you have access to wholesale pricing or partnerships with hardware wallet manufacturers, you can resell these wallets and earn profits from the price difference.

 - Cryptocurrency Market Analysis and Reporting: Providing regular market analysis reports, updates, or newsletters about the cryptocurrency industry can attract subscribers or clients who are willing to pay for valuable insights and information.

 - Virtual Reality and Augmented Reality (VR/AR) NFTs: The integration of virtual reality and augmented reality with non-fungible tokens (NFTs) is an emerging trend. By creating VR/AR experiences or virtual worlds with unique NFT assets, you can potentially profit from their sale or licensing.

 - Crypto Trading Signal Services: If you have a successful track record in cryptocurrency trading, you can offer trading signal services. Subscribers can pay for access to your trading signals, which provide insights on when to buy or sell specific cryptocurrencies.

 - Cryptocurrency Market Influencer: If you have a significant following on social media platforms or a strong online presence in the cryptocurrency space, you can collaborate with projects and businesses as an influencer. By promoting their products or services, you can earn fees, sponsorships, or partnerships.

 - Initial DEX Offerings (IDOs): Similar to ICOs, IDOs allow projects to raise funds by issuing tokens on decentralized exchanges (DEXs). By participating in IDOs, you have the opportunity to invest early in promising projects and potentially benefit from their future success.

 - Crypto Insurance: With the growth of the cryptocurrency industry, the demand for insurance services has also increased. If you have expertise in the insurance sector, you can provide insurance solutions tailored specifically for cryptocurrency-related risks and earn premiums.

 - Running Crypto News Platforms or Blogs: Creating a platform or blog focused on cryptocurrency news, market trends, and analysis can attract a dedicated audience. By monetizing your platform through ads, sponsored content, or subscriptions, you can generate income from your content.

 - White Label Cryptocurrency Exchange: If you have the technical knowledge and resources, you can create your own white label cryptocurrency exchange. By offering exchange services to users, you can generate revenue through trading fees, listing fees, or other value-added services.

 - Decentralized Finance (DeFi) Product Development: Building decentralized finance applications, such as lending protocols, yield farming platforms, or automated market makers (AMMs), can provide opportunities to earn rewards or fees generated by these protocols.

 - Crypto Tax Consultancy: The complexities of cryptocurrency taxation create a demand for tax consultants who specialize in cryptocurrencies. If you have expertise in cryptocurrency taxation laws and regulations, you can offer tax consultancy services to individuals or businesses in the crypto space.

 - Crypto Gaming Tournaments and Competitions: Organizing or participating in cryptocurrency-based gaming tournaments and competitions can reward winners with valuable prizes or tokens. By showcasing your gaming skills, you have the opportunity to earn rewards while enjoying the gaming experience.

 - Cryptocurrency Market Research Panels: Joining market research panels focused on cryptocurrencies and blockchain technology can provide opportunities to earn incentives or rewards for sharing your opinions and insights on various topics.

 - Development of Decentralized Applications (dApps): If you have programming skills, you can develop decentralized applications on blockchain platforms such as Ethereum. By creating successful dApps that attract users, you can generate income from transaction fees or by monetizing the application in other ways.

 - Cryptocurrency Real Estate Investments: Some platforms allow you to invest in real estate using cryptocurrencies. By investing in tokenized properties or real estate-based projects, you can potentially earn rental income or capital appreciation.

 - Crypto Social Trading Platforms: Social trading platforms allow users to follow and mirror the trades of successful cryptocurrency traders. By being a top trader on these platforms, you can earn additional income through subscriptions or fees from followers who copy your trades.

 - Crypto Cloud Storage: Some platforms offer decentralized cloud storage solutions where users can rent out their unused storage space and earn cryptocurrency rewards. By leveraging your idle storage capacity, you can earn passive income.

 - Blockchain Governance Participation: Certain blockchain networks involve community decision-making through governance mechanisms. By actively participating in the governance process, such as voting on proposals or contributing to network development, you may receive rewards or incentives.

 - Crypto Art and Collectibles: Creating and selling digital art or collectibles as non-fungible tokens (NFTs) has gained popularity. By leveraging your creative skills, you can potentially earn money by selling unique digital artworks or rare digital collectibles.

 - Host Blockchain Workshops or Webinars: If you have expertise in blockchain technology, organizing workshops or webinars can allow you to share your knowledge with others. You can charge a fee for participants or partner with organizations to offer educational sessions.

 - Investment in Crypto Index Funds: Crypto index funds allow you to invest in a diversified portfolio of cryptocurrencies. By investing in these funds, you can potentially earn returns based on the overall performance of the cryptocurrency market.

 - Crypto Rewards Platforms: Some platforms offer rewards in the form of cryptocurrencies for completing various tasks or activities, such as watching ads, taking surveys, or playing games. By participating in these platforms, you can earn cryptocurrency rewards.

 - Cryptocurrency Tax Software: With the complexity of cryptocurrency tax reporting, developing or offering tax software solutions tailored for cryptocurrencies can provide a valuable service to individuals and businesses in the crypto space.

 - Crypto Cashback and Rewards Programs: Some platforms offer cashback or rewards in the form of cryptocurrencies for making purchases through their affiliated merchants. By using these platforms, you can earn cryptocurrency rewards for your everyday spending.

 - Crypto Freelance Platforms: Several freelance platforms specifically cater to crypto-related projects and tasks. By offering your skills and services on these platforms, you can find clients looking for crypto-related work and earn income in cryptocurrencies.

 - Cryptocurrency Arbitrage Software: Utilizing cryptocurrency arbitrage software can help automate the process of finding and executing profitable arbitrage opportunities. By leveraging these tools, you can potentially earn profits from price discrepancies across exchanges.

 - Crypto Trading Competitions: Some exchanges or trading platforms organize trading competitions where participants compete against each other to achieve the highest trading profits. By participating and performing well in these competitions, you can earn prizes or rewards.

 - Crypto Market Forecasting: If you have expertise in technical analysis or forecasting market trends, you can provide cryptocurrency market prediction services or sell market analysis reports to traders and investors seeking insights.

 - Blockchain Consulting Services: Offering blockchain consulting services to businesses can provide opportunities to earn income by helping companies understand and implement blockchain technology solutions for their specific needs.

 - Cryptocurrency Podcast Sponsorships: If you have a popular cryptocurrency podcast or YouTube channel, collaborating with relevant businesses for sponsorships can generate income. Companies may pay to have their products or services promoted to your audience.

 - Cryptocurrency Hardware Development: Developing and selling cryptocurrency-related hardware devices, such as mining rigs, wallets, or hardware security modules, can be a lucrative opportunity if you have the necessary technical skills and resources.

 - Proof-of-Stake (PoS) Validation Services: If you hold a significant amount of certain PoS-based cryptocurrencies, you can offer validation services by running a reliable network node. By doing so, you can earn staking rewards or fees for providing network security.

 - Crypto Market Data APIs: Developing and selling cryptocurrency market data APIs can provide a valuable service to traders, analysts, and businesses in need of real-time or historical market data for their applications or research.

 - Crypto Referral Programs: Many cryptocurrency platforms offer referral programs where you can earn rewards or commissions by referring new users to their platform. By sharing your referral link and getting others to sign up, you can earn bonuses or a percentage of their trades or transactions.

 - Crypto Masternode Hosting Platforms: Some platforms allow individuals to easily set up and host masternodes for various cryptocurrencies. By hosting masternodes on these platforms, you can earn rewards and fees without the technical complexities of setting up and maintaining your own masternode.

 - Cryptocurrency Research and Analysis Reports: If you have strong research and analytical skills, you can provide in-depth research reports and analysis about specific cryptocurrencies, blockchain projects, or market trends. You can sell these reports or offer them as paid subscriptions to interested individuals or companies.

 - Investing in Initial Exchange Offerings (IEOs): Similar to ICOs, IEOs are token sales hosted on cryptocurrency exchanges. By investing in IEOs, you have the opportunity to support promising projects and potentially benefit from the subsequent growth in the value of the tokens.

 - Building Cryptocurrency Mining Rigs: If you have technical skills and knowledge of cryptocurrency mining, you can assemble and sell custom-built mining rigs to individuals who want to mine cryptocurrencies but do not have the expertise or time to build the rigs themselves.

 - Cryptocurrency Price Predictions and Signals: If you have a knack for predicting price movements in the cryptocurrency market, you can offer price predictions or trading signals to subscribers or clients. By providing accurate predictions, you can attract followers and charge fees for your services.

 - Participation in Blockchain Governance Events: Some blockchain projects organize governance events or votes where token holders can participate in decision-making processes. By actively participating and voting, you may receive additional rewards or tokens as an incentive for your engagement.

 - Crypto Trading Education: If you have experience and knowledge in cryptocurrency trading, you can offer educational courses or mentorship programs to teach others how to trade cryptocurrencies effectively. You can charge fees for access to your education materials or personal guidance.

 - Cryptocurrency Market Making Software: Building and deploying automated market-making software or bots can allow you to provide liquidity to cryptocurrency exchanges and earn profits from the spread between buy and sell orders.

 - Contributing to Open Source Cryptocurrency Projects: By contributing to open source cryptocurrency projects, such as code development or bug fixing, you can gain recognition within the crypto community and potentially earn rewards or tokens from project owners.

Certainly, earning cryptocurrency is not more difficult now compared to a few years ago when there was a significant drop in cryptocurrencies. Despite the initial lack of belief in its growth, the cryptocurrency experienced rapid growth. I remember myself during that time, and I did not invest.

For beginners, it is advisable to avoid signalers and "gurus" who promise unrealistically high profits from investing in certain coins. These schemes are often designed to exploit inexperienced individuals.

As mentioned earlier, mining is not as profitable as simply buying and holding strong coins that have seen exponential growth. However, one might argue that if cryptocurrencies were to eventually cease to exist, mining equipment would lose value and might need to be sold at lower prices. Overall, mining is more suitable for those who prefer not to hold their money in coins or engage in day trading.

Similarly, investing in crypto-pyramids that guarantee fixed returns should be approached with caution. Cases like BitConnect serve as reminders of the risks associated with such projects. The collapse of BitConnect resulted in millions of dollars lost.

Personally, I prefer to invest in infrastructure coins for existing blockchains or promising new technological projects with reputable teams and partnerships.

Investing in coins during their initial coin offering (ICO) stage is also an option worth considering. However, caution is necessary to avoid potential scams. By purchasing coins at their lowest price during ICOs, one can make excellent long-term investments.

To summarize, beginners should consider allocating most of their portfolio into bitcoin and highly liquid altcoins with strong teams and clear roadmaps. Additionally, a small portion of the investment can be allocated to ICOs and lesser-known altcoins that show potential. Finding good coins requires experience and understanding of the current market cycle. It is important to be aware of risks such as account blocking, fraud, and loss of private keys.

Investing in cryptocurrency involves high risk, and one should only invest what they can afford to lose. These tips are not investment advice, and I do not assume any responsibility for the risk associated with investing your money.

Earning money through cryptocurrency is still possible, but it is challenging and not universally applicable. I will provide a more detailed explanation of each aspect.
     
Firstly, there is mining. However, mining has become less profitable nowadays due to the increased complexity of cryptocurrency mining. The expenses for video cards and processors outweigh the profits. Additionally, there is a high likelihood that a bill recognizing mining as a business activity and subjecting it to taxation will be passed soon.

Alternatively, there is cloud mining where individuals can earn bitcoins and altcoins using computing power without having to own their own equipment. This method seems promising since it eliminates the need to deal with electricity bills, excessive noise, and heat. Unfortunately, currently, there are no reliable cloud mining services available. Some platforms have discontinued the option to purchase mining capacity, while others, like Hashflare, are unprofitable due to the aforementioned increase in mining complexity.

Another way to earn money is through trading on cryptocurrency exchanges. Trading has become feasible due to the numerous new altcoins with significant price fluctuations. Some popular exchanges to consider include Yobit and Bittrex.

However, it is important to note that trading is a risky activity, similar to other cryptocurrency-related endeavors. The safest approach to earning money is by investing in bitcoins and a few altcoins and patiently waiting for their long-term growth.

Overall, while making money with cryptocurrency is still feasible, it requires careful consideration and understanding of the risks involved.