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Showing posts from July, 2022

How to build a passive income stream from cloud mining?

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Cloud mining is an alternative way to invest in cryptocurrencies and get consistent passive income without directly using mining equipment or hardware. Cloud mining is the process of mining cryptocurrency without the direct use of mining equipment or hardware. The process allows users to mine Bitcoin or altcoins without having to manage their own resources. In traditional crypto mining, cryptocurrency is produced through a computational process. Miners need to solve complex mathematical problems using mining hardware to be rewarded with coins. The process of cloud mining is similar, but instead of using their own resources, miners rent or buy resources from a service provider. As more players entered the cryptocurrency scene, mining became more complex, requiring more computing power. For this reason, many people who used to mine crypto using their own hardware now find it unsustainable due to high electricity costs and the wear and tear on their hardware. Cloud mining has ...

Could Elon Musk Become The First Trillionaire?

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The world’s richest person turned 51 last week. Tesla Inc and SpaceX founder Elon Musk is the third youngest person ranked in the top ten richest people in the world. What Happened: Thanks to a rise in the valuations of Tesla and SpaceX, Musk has seen his wealth soar in recent years, which has prompted the question of if he could become the first trillionaire. A study from Approve.com done earlier this year compared the net worths of billionaires and their average annual gain to see if anyone was on pace to become a trillionaire. The study predicted that Musk would become the first trillionaire in 2024, at 52, assuming his net worth rises at the current annual average of 129% — among the best rates for billionaires. Musk is currently valued at $210 billion. In 2022, he has lost $60 billion since the price of Tesla has fallen by 43% so far. The resurgence of Tesla to new highs and the prospect of a SpaceX IPO continue to be possible drivers of Musk’s wealth growth. Benzinga ...