They say that there is no free money anywhere. You’d have to invest money to make money. But what if I told you that there was a way to legally make money without investing any money?
Would you be interested?
In this digital age, and the advent and growth of new financial technologies, there are many ways to legally print money without investing money.
Printing Cryptocurrency is one of such ways.
As at 2010, cryptocurrency was useless and worth a total of zero dollar. If you had told anyone to invest just 100 Naira into Bitcoin in 2010, they would tag you a scammer. But today, almost everyone is now an investor in cryptocurrency. From ordinary people, to global CEOs, and politicians.
Now, with the knowledge you have about cryptocurrency, if I told you to invest 100 Naira to buy 100 bitcoin, would you do it?
You would even buy as much as you can hold. If possible, you would raise extra cash to buy as much bitcoin as is legally possible because you now know its value.
The Evolution of Bitcoin
But did you know that there were people who were printing bitcoin for free before its mass adoption? Yes. When everyone else didn’t value bitcoin, there were those who saw a future of crypto adoption, who were busy printing as much bitcoin as they could print before the public found out its value.
These savvy people now own thousands of bitcoin worth billions of dollars. While everyone else thought these guys were wasting their time, they were busy printing as much bitcoin as they could print before cryptocurrency went mainstream.
Now, with the knowledge you have, if you were told in those days to join in printing bitcoin before it went mainstream, would you do it?
You would because you are now in the future and you know the value of bitcoin. You know that the harder you work in printing bitcoin, the richer you’d become as the value of bitcoin appreciates.
The Future of Crypto
But no one is going to show you the future. You’d have to predict it and believe in it. There are over 1,000 cryptocurrencies in the world today, some more valuable than others. Some cryptocurrencies right now are in the same stage that bitcoin was in 2010.
No one is going to show you the future and tell you that a particular cryptocurrency would be worth thousands of dollars in 5 years or 10 years. Just like no one told you about the rise of bitcoin.
The richest bitcoin holders today are the true believers of bitcoin. They believed in it, and they put in the effort in printing more of it even when people laughed at them. Now, they are laughing last.
Printing of Currency
Before we delve into this, I want to ask you a simple question.
How is the fiat currency printed? I mean the Naira, Dollar, Pounds, etc.
How are they printed?
It’s simple. The leadership of the country and the Central Bank decides that they want to print a new denomination and they just print it.
If Nigeria decides to print a new currency today, that currency becomes immediately valuable today even if it didn’t yesterday. The compulsory adoption by law makes the new currency valuable and there is nothing anyone can do about it.
So, printing of new currency is not new. Governments have been doing so for years at their own will and creating value out of nothing.
How To Print Cryptocurrency
Now, the tables have turned and the game is changing. Cryptocurrency is giving power to the masses to print their own money.
Never before was it possible for a group of people to come together and decide on printing a currency and making it a valuable global legal tender. Normally, this would be a crime in many jurisdictions, but the digital nature of cryptocurrency is playing a huge advantage for the masses.
Now, people can come together, launch a new digital currency and grow its adoption until it becomes valuable. Financial power is now in the hands of the people.
The act of printing cryptocurrency is called mining. Just like you would mine other natural resources such as gold and diamond, you can now mine cryptocurrency at will. Crypto is now the new gold.
What is Mining & How to Mine Crypto
Mining is a number of activities that supports the growth, adoption and use of cryptocurrency. It is a voluntary activity and free to participate in. For newer cryptocurrency, the more you mine, the more crypto you are able to print for yourself.
The more valuable a cryptocurrency gets, the harder it is to mine (print) and the lower the speed of mining (printing). So, if you were to mine bitcoin today, it would be significantly harder and would earn you significantly less than it would have earned you a couple of years back.
Right now, it would take significantly more resources and almost 10 years to mine 1 bitcoin. That is why most miners are now quickly moving to other new cryptocurrencies where they can mine faster and earn more for their efforts. This is common sense.
So, which cryptocurrency are miners moving to?
Mining Newer Cryptos
The hottest new crypto to mine right now is the Pi. Most miners are moving to the Pi network because it is at the verge of going mainstream. And the biggest part of mining Pi is that it is significantly easy to mine. You don’t need any technical skill and you wouldn’t need any other resources than your mobile phone and an app.
With Pi, you can mine on the go. And you don’t need to spend too much time mining Pi. The average daily time used by most miners on Pi is 10 seconds. That is significantly faster than any other mining platform you may have come across.
All you need to mine Pi is to log in to the mining app, click a mining button, and that’s it. You only have to log on to the app daily and click your mining button and the mining process would continue for 24 hours even when you close the app.
It is just like going to the mining field daily, pressing a button and then going home. The mining button then activates a system that helps you in mining gold automatically even after you’ve returned home. All you have to do is return to the mining field in 24 hours, count the gold pieces mined, press the button again and return home. Rinse and repeat.
That is how mining Pi works. It is too good to be true, but it is actually true. You can literally start printing your own cryptocurrency right now at zero cost.
How To Start Mining Pi
The great news is that mining Pi is totally free. You don’t have to gamble your money in predicting the future of crypto and you don’t have to waste your time doing so. All it takes is 10 seconds daily on the mining app.
People spend hours daily on social media chit-chatting on irrelevance with nothing to gain. So, it takes nothing from you to put in just 10 seconds daily in mining a crypto that you hope would become valuable in 5 years time.
5 years time may seem too far but it is approaching thick and fast. I’m quite sure you can vividly remember how the last 5 years went for you. It even seems like yesterday. If you had $100 worth of Bitcoin in 2016, it would be worth over $5,800 dollars today. That’s an over 5,000% increase in just 5 years.
Now imagine if in 5 years time, you had managed to mine a modest 10,000Pi and the value of Pi gets to just $0.1 you would have Pi crypto worth of $1,000 which is not a bad place to start as the crypto ecosystem continues to grow.
Requirement To Start Mining Pi
To start mining Pi, you will need to download the Pi network app on your mobile phone and register with either your phone number or your facebook.
Registering on Pi is strictly by referral, so you will need a referral code. You can use the referral code: SLNX30. With this, you would get 1 free Pi to start with.
Once you are done registering, you have to verify your phone number or your facebook to show that you are a real miner and not a robot. After that, all you have to do is click on your Pi button by the right side of the app and your mining process would begin.
You will have to open the app every 24 hours and click on the Pi button to restart your mining. If you don’t open the app and click your Pi button after 24 hours, your Pi mining would stop after the previous cycle. So, you have to always restart the mining cycle on a daily basis.
So far, mining Pi has been fun for me. It’s relatively easy and free. All I have to do is make sure I accumulate as many Pi coins as possible and we’ll see what the future holds.
Doing this for just 10 seconds daily is a no-brainer for me. At least, it is better than arguing on social media or trying to accumulate meaningless points playing temple run on my phone.