A Complete Guide to Bitcoin Riches in 2024

Originally published at https://www.incomecraze.com on January 8, 2024.

Bitcoin had another volatile yet overall positive year in 2023, gaining over 50% amid wider adoption. With the long-awaited SEC approval of a bitcoin ETF finally becoming a reality last month, there are some attractive opportunities to generate passive income from the world’s largest cryptocurrency. Here are a few methods to consider.

Bitcoin Mining

One way to potentially earn passive bitcoin income is through bitcoin mining. Although the mining industry has professionalized and expanded greatly in recent years, individual miners using specialized rigs can still validate transactions and earn small amounts of bitcoin from mining rewards and fees.

While the days of easy mining profits with a regular home computer are over, investing in an efficient ASIC mining rig to setup in your home, garage or even storage unit can lead to profitable mining returns with bitcoin’s price expected to continue rising over the long-term. Just be sure to account for electricity costs based on your utility rates. Miners in colder regions can benefit from naturally cooler ambient temperatures.

Here are some of the top resources for those looking to get into bitcoin mining: