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Generate Passive Income With HIVE Blockchain Finance.

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@magdasierra
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Image Cripto Hive @magdasierra. Image Blockchain

Hello!.

"An Investment in Knowledge Pays the Best interest."

Author Benjamin Franklin.

I think this Publication "Generate Passive Income with Hive Blockchain Finance" is a complementary part of the study of the initiative in which I participate thanks.

@theycallmedan for the @leofinance community.

How the rewards we receive in Hive Tokens and Hive Dollar have impacted on your Finances for compensation for our posts.

What are passive income in cryptocurrency and active income?

Passive income is a type of financial income in cryptocurrencies that is obtained without the need to dedicate a lot of effort and the time spent executing the activity is decided by the user and even done from home, without the need to move to another site.


Active income is that type of income for which effort, dedication and a set schedule are required; In other words, it is a dependent job.


How is the system of payment of the income mentioned above? In the case of passive income the reward is received with cryptocurrencies to the rewarded users in digital wallets and the records are reflected in a transparent and public way, while the active income the money received is by bank transfer and / or check in the currency the legal course of a country; these entry records are private.

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From the origin of the CRYPTOCURRENCIES, it began from the mining of cryptos based on an algorithmic system, over the years the production of cryptocurrencies has been developed worldwide expanding the cryptoactive market.


Cryptocurrencies, also called digital currency, are used encrypted; A proposal for the implementation of the use of the advanced technological platform BLOCKCHAIN arose in 2008, it became popular and the use of this excellent blockchain technology in a single record agreed proof of work (Proof-of-Work) was notary: and distributed in several nodes of a network, it represents the ledger where each of the transactions are recorded, its operation its implementation is complex internally, but its use is simple; Blockchain technology allows us to store information that we see how Blockchain works in this image: .

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The HIVE Cryptocurrency arises from the bifurcation the block chains work to a consensus of delegated proof of stake, the holders or holders of the tokens have the power to vote for witnesses, in the hive community it can be said that the members have financial freedom is 100% participatory.

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Obtaining a passive income entry in cryptocurrencies is possible, thanks to the technological advancement of its obtaining and different ways of obtaining passive income through crypto assets have emerged I will explain in a rough way the different ways Mining is one of the main ones, Staking, is Another technology validation with applications, Masternode is a decentralized network server is rewarded, it must be considered that the use of masternode is recommended for expert users, extensive knowledge and large amounts of capital and more relevant for us users the passive income that we obtain using our Hive Blog platform before Steemit, it is here where we are rewarded for making our publications with our own content in expanding areas of human knowledge, contributing ideas, presenting viable proposals and scientific inventions, referenced content from another where it is valued and supported benefited with passive income that we get user, cure Investors and investors receive the cryptocurrency Hive Tokens, Hive Dollar in the wallet using the blockchain platform.

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The Hive platform is based on Chainbase, which is a progression from Graphene. Chain Base develops systems with blockchain technology and creates an original market connecting and using both technologies. To stop blockchain locks and block corruption, Chainbase is resilient. It is more durable and more talented than its ancestor. It supports identical access to the database and enables snapshots of its status while managing an escalation volume of RPC requests efficiently without an unusual increase in memory usage.

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It is worth mentioning that when analyzing the global market we found that Hive Blockchain has had trends of operational expansion, we found that it doubled its operational hashrate by incorporating new bitcoin mining equipment, this happens because Bitcoin has had mining difficulty when collapsing, In addition, something very particular has been happening in the Bitcoin mining sector The blockchain information points to favorable information in October 2020 due to the increase in the price of Bitcoin and this result is directly proportional to the increase in the profitability of mining equipment.


In relation to the information provided by hive blockchain, it indicates that it will immediately buy and implement 1,240 MicroBT WhatsMiner M30S miners with an aggregate operational hash power of 113 Petahash per second (PH / s) as it continues to expand its bitcoin mining operations.


Likewise, the firm noted that the Bitcoin M30S mining equipment had a cost of US $ 2,715 per unit, or US $ 3.4 million, financed with cash from the Company.


With the deployment of these 1,240 new mining rigs, HIVE's aggregate operational hash rate nearly doubles from 116 PH / s to 229 PH /s.


According to the HIVE statement, it emphasizes that the company's goal is a total operational hash power of 1,000 PH /S within the next 12 months waiting for the pandemic to cease in order to meet the proposed goals, since the Covid-19 pandemic affected economic activities, reducing the performance of hive blockchain, that is, of mining companies, but after May 2020 it saw a rebound in its shares, doubling its mining capacity.

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To finish obtaining passive income with cryptocurrencies, it is one of the greatest social benefits of crypto in the world and more in this pandemic is doing work from home, thanks to the decentralized finances offered by the Hive platform with blockchain technology and the pace of giants with an available expansion in competitive world markets that allows us to publish, share knowledge arts, music, science among others, interact and meet people giving the opportunity to meet food needs clothing, shoes and / or services as well as investment and obtaining monthly returns, the strategies as well as the learning in your performance depends on us.


It is important to know that before investing money in the market it must be clear in which they suffer volatile fluctuations, previously consider the risks taking into account the study of the movements that have presented in the value of the cryptocurrency the support and the operations of background to The transaction to be carried out considers the rates the demands and the offers and my personal advice do not place all your investment and a single type of cryptocurrency distributes the money with the highest weight among several; This way you will have options to increase your income; And if you use a multi-cryptocurrency wallet, you can exchange for another cryptocurrency whose value is currently increasing trends, as the transactions are fast in their approval and when making the exchange they will increase your liquidity to capitalize.


“The most powerful asset we have is our mind.”

Author. Robert Kiyosaki

Thanks for reading and sharing..

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