How I Turned My Internet Bandwidth into a $2000 Passive Income!
The advent of the internet has revolutionized the concept of money making; gone are the days when revenue can only be generated by conventional means of hard work and labour. Much similar to the concept of physical properties, digital assets represent a profitable source of passive income that is as appealing as it is lucrative, given the simplicity and ease with which it can be leveraged to generate a stream of passive income. Content creation is one such example — however, it is not without entailing a certain degree of effort and time. A simpler and often overlooked means of monetization of digital asset is simply in the palm of your hands — your internet bandwidth itself! Welcome to the age of internet monetization, which I was happy to embrace recently, and which has since then generated an effortless source of passive income for me, leveraging the assets that I already have - without requiring any capital!
The Concept of Internet Monetization
In a world where our internet bandwidth often exceed our needs, a hidden opportunity lies in this surplus of speed and bandwidth. By leveraging innovative applications, you can instantly transform these surplus resources into tangible income by renting out your bandwidth to businesses seeking an unfiltered view of the online world, without any concerns of location-based restrictions or censorship! This concept not only helps ensure the privacy of your data, but also opens up a realm of earning possibilities, with rewards spanning from cryptocurrencies to PayPal payments in return for the bandwidth offered. To maximize your returns, simply run these applications simultaneously on a single device and internet connection to avail the most of your resources!
And best of all, these applications require nil to minimal efforts to maintain while seamlessly working in the background of your mobile and desktop devices to generate revenue, using the resources that you already have!
My Results
I avail a variety of such internet sharing apps to passively generate a stream of passive income in the form of cryptocurrency (like Bitcoin and JMPT) and PayPal. With regards to data privacy, I have not encountered any issues so far. However, suffice to say that not all such platforms are made equal! Earnings do vary considerably — read on to find out which are the ones worth spending your time on! (Arranged in descending order of profitability)
#1 Honeygain
My absolute favourite on this list, Honeygain never fails to deliver consistently! Launched in 2019 as a crowdsourced residential proxy network, Honeygain has been quick to earn for itself a reputable position as one of the best passive income applications out there. With generous earning opportunities ranging from internet monetization and content delivery to daily lucky draws (‘Lucky Pot’) and frequent contest opportunities, it is little wonder that Honeygain has garnered such a wide user base!
The bulk of my earnings come from Honeygain — I have earned a total of 1585,395 Honeygain credits so far, which equate to $1585! I have chosen to earn in JMPT — the native token of the JumpTask network, a micro-tasking Web3 platform; as this payout option confers me a 10% bonus in earnings. An alternative payout option is via PayPal, with a requirement of having to cash out at least $20. As such, JMPT presents a more flexible payout option for the cryptocurrency-initiated user.
Click here to earn a $3 signup bonus for new users!
#2 Peer2Profit
Peer2Profit used to be one of my most profitable internet sharing applications until recently when its functionality was curtailed. It is operational via its Telegram bot, and still paying up to the date of writing. I have earned a total of $300 from Peer2Profit so far; however the downsized interface does make navigating the platform slightly less intuitive recently.
#3 EarnApp
EarnApp is also a similar internet sharing platform that pays wellvia PayPal. My total earnings so far from EarnApp amount to $66.
Earnings From Other Platforms
The following internet sharing platforms were less profitable, earning me negligible sums of money despite being given the same amount of internet uptime as the above 3 applications.
- Repocket $5.2
- IPRoyal Pawns $5
- PacketShare $5
- PacketStream $3.46
- Traffmonetizer $5
However, earnings may vary depending on geographic variations in bandwidth demand — what does not work for me, may well work for you!
How I Spend My Earnings
Being a blockchain enthusiast, I reinvest my earnings mainly into cryptocurrencies, most notably BNB (Binance Coin).
But why BNB, you ask?
- Ease of trading with high liqudity and low fees on Pancakeswap
- Potential for gains in a bull market, as the native currency of Binance’s own blockchain, the Binance chain.
- Ability to partake in ‘airdrops’: Binance has been actively organizing Launchpad/ Launchpools, which are crowdfunding methods that help startups raise funds and gain exposure to investors. In other words, holding and committing BNB to these pools confer the benefit of gaining free tokens as they are launched! MATIC, for example, was one such fine example of a successful token launch supported by Binance back in 2019! I have revelled in the joy of receiving free airdrops of newly launched tokens such as ALT, MANTA, XAI, AI, NFP, among many others; simply by committing the BNB that I have earned from my earnings into these projects!
The portion of my earnings cashed out to PayPal is used to pay for my Medium subscription, which opens up a rabbit hole to an endless world of creative thoughts out there, of which cryptocurrency related contents abound!
Final Thoughts
Internet monetization is undoubtably not a quick way to earn a large sum of money; however, given that it requires nil to minimal effort, with no starting capital, it presents itself as an appealing avenue of passive income generation, utilizing pre-existing resources at no extra costs!
To learn more about the applications above, feel free to check out my previous articles. Happy earning!
★Free apps to earn money without any capital!★
🎁 Honeygain A passive income app to earn money off your unused internet bandwidth. Get $3 for free, no investment required.
🎁 Peer2Profit A passive income app to earn money off your unused internet bandwidth.
🎁 IPRoyal Pawns A passive income app to earn money off your unused internet bandwidth.
🎁 EarnApp A passive income app to earn money off your unused internet bandwidth.
🎁 JumpTask Earn free crypto when you complete microtasks!
🎁 CryptoTab Earn free Bitcoin while surfing the internet!
🎁 Bitcoin Faucet Sites: FreeBitco.in, Cointiply
🎁 StormX: Earn crypto as you shop online!
★Cryptocurrency Investment/ Trading Platforms★
🎁 Bake A one-stop investment platform that bakes passive cashflow at APYs of up to 100%! Get a $50 bonus in DFI with a $50 deposit.
🎁 Nexo An advanced, regulated digital assets institution offering instant crypto loans, daily earning on assets with APYs of up to 36%, an exchange, with services in 40+ fiat currencies in more than 200 jurisdictions. Get a $25 bonus with a $100 deposit.
🎁 Binance The world’s largest cryptocurrency exchange that needs no introduction!
🎁 Bitget A leading cryptocurrency exchange offering free advanced trading bots and copy trading.
🎁 Kucoin An expansive cryptocurrency exchange, with interesting offerings like staking, free trading bots and bitcoin cloud mining services.
🎁 HTX A cryptocurrency exchange with diverse offerings, free airdrops and trading bots.
🎁 MEXC A cryptocurrency exchange with interesting listings and frequent airdrops from holding the MX token.
🎁 Crypto.com A cryptocurrency exchange based in Singapore. Get $25 in CRO on staking for a Ruby card.
🎁 TradingView An invaluable charting platform for various markets. Get up to $30 discount off a paid plan here!
★Cryptocurrency Trading Bots★
🎁 3Commas A cryptocurrency trade management platform offering DCA bots, Grid bots, Options bots, Futures bots, HODL bots, Scalper Terminal, and full Portfolio management all from a single convenient interface.
🎁 Jet-bot An advanced spot and futures trading bot with Copy Trading functionality. 3-day trial period available with demo account.
🎁 Pionex A free multifunctional arbitrage trading bot that automates the process of buying low and selling high, 24/7.
🎁 Wundertrading An automated cryptocurrency trading bot offering a 7 day trial period with full functionality.
🎁 One Click Crypto An AI bot powered by neural networks that manage your cryptocurrency portfolio on autopilot.
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