Working in cryptocurrencies: How to find a legal job? freelance and entrepreneurship opportunities

Here is a complete guide outlining the key job opportunities that cryptocurrency represents for both freelancers and established teams.

Many people still do not see how to make money working in the cryptocurrency space. It is well known that Bitcoin is a mystical thing and that Bitcoiners are rich and good at economics. Let's take a look at how they earn cryptocurrency instead of regular fiat money.

Working in cryptocurrencies for freelancers

Freelance reporter

Unlike regular press, crypto news is open to new people. Anyone with a short resume can get a job here. This is the best starting point and easy chance to learn more about the blockchain technology, ecosystem and its current developments. Not many authors can write on sensitive topics like blockchain. Things like node allocation, network acknowledgment times, and OP_RETURN scripts don't tell the average reader anything. But many bitcoiners appreciate journalists who understand this technology.

Just leave your resume on the official mail of the selected outlet. Showcase your previous work, better if you've worked on financial news or blogs.

Then wait a day or two and give them time to review the links you posted. Many authors believe that editors do not read resume articles. But they do it, you have to prepare and complete a list of your best works. Editors love it when you submit news or suggestions with your resume. You can earn cryptocurrency by writing short newsletters, op-eds, guides, price analysis, long logs, and more. Keep in mind that rare information costs more money than regular news. This includes techniques, internal trading, blackmail materials, or fraud warnings.

If you know two or three languages ​​and your fingers are fast, it can make a lot of money. An author makes an average of one to four articles per day. You can earn anywhere from $ 5 to $ 50 (on average) apiece from various news outlets in the area. It depends on the internal performance of the outlet and the type of information you provide.

Sites with less traffic pay less. If you already feel like a pro, try connecting to larger websites. Always offer the best tips and ideas, especially in your initial letter to the editor. If you have a good reputation, becoming a valuable writer is much easier. Google tracks authors and ranks them. It checks to see if any of the top authors are running on the website and changes the site's ranking.

Miner

One of the most reliable ways to get bitcoin is to mine it. You won't have to deal with money laundering, OTC platforms or other risks. What's wrong with mining? This requires investment in mining equipment, which is not a difficult game for everyone. Even after you buy a lot of mining rigs, you will have to prepare the room and set them up to work.

Typically, you need to wait at least two months for your equipment to arrive. Be sure to complete your local declaration in accordance with local laws so that customs officials can allow your package to cross the border.

The old scam is to use crypto miners as "server hardware" if there is no clear position in your country on how to declare mining rigs. Some countries charge extra money for importing mining hardware. Some restrict such parcels from going through customs. Make sure your jurisdiction is suitable for mining. Check local forums and Bitcointalk.

Many manufacturers may delay the delivery date. Sometimes they change prices, cancel orders, and so on. The list of reliable suppliers is very short. Read reviews and testimonials on Bitcointalk, Reddit, and other forums to find out who are legitimate providers. Some examples: Bitmain, Ebang or Canaan... Never buy equipment from resellers, order only from official websites. You don't need to hire someone to help you with your order.

When the equipment is in your home, you will need a separate room with electricity, dry air, and ventilation systems. Never allow equipment to operate anywhere near a heat source or hot liquid. The colder the air, the better.

Many crypto sites have a mining profitability calculator, you can fill in the specifications of the miner and find out the amount of profit. Keep in mind that many miner models only become profitable after 6-9 months of operation. It is also worth noting that the difficulty of Bitcoin mining is not constant. Over time this will change so that you either earn more or less with the same equipment.

developer

Developers appear to be the most sought-after people in the crypto world. Financial apps are designed to preserve wealth, and bad crypto software gets feedback fast enough to hurt the industry and sales.

You can develop sophisticated cryptocurrency wallet software or start with browser-based applications and even hardware wallets. Many of the wallets have the ability to create third party plugins. Thanks to the support of wallet developers, even a novice can try their hand at writing plugins.

Working as a contributor to decentralized blockchains and applications does not mean that the time spent working will pay off. If you want to get real money, it's best to join a classic centralized company with a stable set of benefits. Developers with deeper knowledge browse the open positions page of their preferred company. Usually companies are looking for experienced blockchain developers, testers, UI / UX developers and so on.

Trader

Crypto trading is somewhat similar to forex or classic exchange trading. As a crypto trader, your goal is to hold a deposit on trusted exchanges, here is our complete guide to choosing exchanges to trade. Keep in mind that you have to learn some classic fundamentals before moving on to trades.

You need to know what is doing George Treach strategy or how does it work accumulation wyckoff... Read classics like "Smart Investor" Benjamin Graham and stay tuned. You need to learn to separate the empty business from the important. You should see the hidden game while everyone else falls in love with the delusion. Comparing the sentiments of many experts is one of the starting practices.

Crypto Artist

One of the rare ways to make money in crypto is to get bitcoins through artwork. The street art of Pascal Boyart is an interesting case. He has earned over $12500 in donations. The cash flows come from people on the streets who send coins through a QR code embedded in the art. Another interesting example is the Bitcoin Quest idea, where people look for seeds hidden in high resolution drawings.

The media can raise awareness about their own things. The crypto space is a big international audience, so if you just say something smart about crypto, you will make headlines. Many musicians and comedians use cryptocurrencies to raise awareness, accept donations, and so on.

Crypto blogger and educator

A prime example of a top-tier crypto educator is Andreas Antonopoulos. He has traveled the planet for many years to bring bitcoins to the masses. Andreas has earned over $ 2 million in crypto donations for his work. His books on cryptocurrencies are well received, cited in the press, and give you some basic knowledge.

If you want to write without following the general rules, try joining projects like Steem or read.cash. These are blockchain-based blogging platforms that have a public funding system. Users tip the author using the internal wallet and the function button below each piece. If your posts get high ratings, you can earn up to $200 a post, sometimes even more.

You can only create a sound domain and create your own blog. Crypto blogging is somewhat beneficial if you manage to establish a loyal audience. Subscribers in the crypto world are picky, so they have to be addicted to your style in order to stay long. Don't risk getting money from scams and Ponzi schemes by risking your reputation. Bright opportunities arise over time for honest / pure crypto bloggers.

For example, legitimate projects entering the field may ask you to do a comprehensive review of their team, code, or their entire business model. This means you keep making organic content for your blog without teasing people to unsubscribe. And you get a good salary for raising the firm's reputation as hundreds of competitors may not fit your definition of "legitimate" projects.

Another way to make money on a cryptoblog is to introduce rare products to your audience. The cryptosphere is good at inventing weird ways to make money. If you post a review of some major exchange or exchange, readers will guess that it is sponsored material. But the situation is different if the article is about a service that sends your enemies horse shit, or websitewhich allows users to embed JPG images in transaction metadata. This content looks organic and is fun to read. May not be suitable for large news sites. Nonetheless, non-standard "opinions" are great for blogging.

Dealing with scammers, scams and ICO scammers

When you gain a certain level of authority and demonstrate rare skills, the bounty hunters will invite you to join high-paying companies. Be extremely careful. These people convince well, they look believable, and often come from forex scams or acting schools, or both.

Scammers love to collect personal information from customers and employers. You will also need to send them your ID scans, talk to their people via a webcam, and so on. This way, they ensure that you don't spread the truth after you leave. The scammer's success lies in the fear of being sued for disclosing "trade secrets".

Even if you have no choice but to deal with fraudsters, keep in mind that prosecutors will usually ask for a full list of employees if they disclose a company for a crime. Before you start dealing with scammers, make sure you don't regret it. Many Telegram channels dump data very quickly, and someday the fact of your participation in fraudulent pyramids will shine brightly. As an author, you will have to come up with a new name to keep working in the industry.

Dealing with fraudulent exchanges

Government investigators collect data before attacking fraudsters. Some officers like to dump related names on forums even before legal action takes place. For example, WEX exchanges the names of former employees on Bitcointalk along with other internal data. Take a look at these detailed reports of personal contacts of people associated with WEX. The theme was created by the user "Polizei" for the Russian public.

What is frustrating when dealing with financial scammers is that you will receive regular payments while the project administrators raise millions and live a luxurious life. When the police find out about the swindle swap, you can become one of the targets. They may even draft paperwork to make it look like you are the head of an organization or a financially responsible person.

Working in cryptocurrencies for teams

Wallet software development

Software wallets are the backbone of crypto adoption. Many quite talented teams are making efforts to rediscover the design and functionality of Bitcoin payment applications. All such payment applications take into account their peculiarities and create ways to keep users on the hook.

Coin creation: how does it drive business?

If the issuers of the coins are famous people, the press and users show much more confidence. Take, for example, computer games or cartoons. Studios can have their own branded coins. Fans receive or send native tokens after completing simple quests, posting on forums, etc.

In many ICO startups, we have seen anonymous people collect millions and then disappear. On the other hand, an established company has a name, a profitable product, and a loyal community. A studio launching an ICO campaign can benefit from fans by providing them with valuable virtual or physical prizes.

Large farms, mining hotels or cloud mining company

To build a farm, you will need a significant investment, as well as a dedicated warehouse of some kind. The place must be protected from thieves. Make sure it is cold and there is clean water and electricity. Sometimes miners consider moving equipment to another country.

The price per kilowatt-hour is very different around the world. Moreover, to get into the profitable zone, you will need about 500-1000 TH, otherwise you will not get a lot of profit. The Bitcoin reward system brings in $ 1950 per month if you run a farm with at least 1000 TH / s computing power.

Mining a hotel is a kind of business where other people send you their rigs and you take care of the air humidity, temperature, power line, cooling, motherboard failures, repairs and so on. You charge a fixed amount per month and handle most of the paperwork. Mining hotels are a small business. Usually these are crypto businessmen working for their local counterparts while avoiding the international market. You have to have a reputation if you want people to believe you won't steal equipment like some companies do.

Cloud mining is a type of business where people pay a fixed price for a contract and get remote control over the mining equipment. Being a client of such a firm is risky. Almost all of them collect negative feedback on the forums over the years. Do not order contracts from them and do not enter into partnerships. According to BBW's John Tuviner, 99% of these companies are scams.

There is no way to clearly determine if a given company is a scam. Because many commentators claim to receive payments. So if you just want to make Bitcoin, avoid this kind of crypto activity. Cloud mining is more like a lottery. No business diagram and no legal issues to help protect clients.

Mining chips, rigs, hardware wallets and IoT devices

There are probably five to six ASIC chip manufacturers on the planet. One or two make chips for personal use only. Among the most notable - Innosilicon, Bitfury and TSMC. Chip makers have a rare engineering background. They will not give it to anyone, so you cannot easily get into this business even with a huge investment.

The best option is to facilitate the development of IoT devices. It is difficult to achieve the technological advantage needed to manufacture 5nm ASIC chips. However, a much easier task is to create a dual function device based on chip mining by Chinese experts.

Ready-to-use mining machines with additional features can interest people. For example, here are convectors for cold areas, they can mine bitcoins and use the heat of working mining chips to heat your apartment.

Another interesting option: custom full bitcoin implementations like these. In addition, crypto hardware wallet manufacturers are receiving a steady stream of profits. This is because many coins want to keep coins with style, as if they were characters from a computer game from the future of cyberpunk.

Essentially, a hardware wallet is a fancy encrypted flash drive where private keys are generated offline on a secure disk space. The product is built using debit and credit card technologies. All to protect coins, avoid information leakage.

Consider the security level of the debit card applied to cryptocurrency transfers and you will see how to do it. Hardware wallets are great for virus protection due to the inability to execute malicious code. However, you must be very careful with the engineers who develop the wallet. They may want to add a backdoor or hidden vulnerability to the design in order to steal the user's coins and stay in the shadows. Such hacks will undermine the hardware wallet's reputation. As the head of such a company, you will have to spend a lot of time and effort to find honest employees.

Why honest work is most important in the crypto world

As Bitcoin shows, people value rare things. Honesty is rarely found among cryptocurrencies as they often do not adhere to fiduciary duties or official SEC guidelines. Typically, many of these legitimate looking companies steal from investors as soon as they see sufficient returns. On the other hand, crypto companies that have been in business for years and are gaining a positive reputation gain a huge fan base and the power to shape the future of money.