Blogging is not the only source of income on Hive
Many people still think that blogging is the only source of income on Hive. During the Steem days maybe that was the only good source of income as Splinterlands and other options were just getting started. But today we have so many opportunities inside Hive that can give us both active as well as passive income. We don't really have to be dependent on the blogging income alone. In fact, many people earn a lot inside the Hive ecosystem without even writing a single blog.
Yes blogging is good
I do agree that blogging is very important and it is one of the primary features of this blockchain. People earn a lot from blogging. But it doesn't stop there. Not everyone can write good blogs and not everyone can earn decent value from writing blogs even though their articles are really good. Only people who get votes consistently from bigger accounts would be able to earn a decent value here. Otherwise, it is hard to earn from blogging regularly.
One of the biggest problems with blogging is Writer's block. We might have the enthusiasm and motivation to write articles. Sometimes there can even be good rewards where some whale accounts pick a particular account and vote them consistently. But writer's block is something that will push us towards not writing anything. We may not really have anything to write or our brains won't work on certain days. This is the biggest problem I would say compared to getting rewards from writing. Consistency is definitely important and it gives good visibility.
Other sources of income on Hive
There are several other sources of income inside Hive apart from blogging. Blogging definitely gives visibility to earn by sharing our thoughts but the other primary source of income would be DeFi and gaming. There are many games emerging on Hive. Splinterlands is the biggest player here. People can earn passive income as well as active income from this game by playing the game regularly or by just being an investor. I'm personally a passive player and not an active player. I rely on rental income from my assets. Not just splinterlands but there are several other games on Hive that attracts people. These games not only give a fun but also creates an earning opportunity.
I would say that DeFi is the next major earning thing on Hive. HBD savings is DeFi. I would say HBD is one of the best stablecoins we have in the crypto world. Most of the other coins lose stability when there is a big market crash but HBD holds strong even during bear markets and even if something happens, it heals back faster. On other blockchains, they have a different definition for DeFi but I would personally say that HBD savings are the best DeFi that gives 20% APR for the invested value. The withdrawal period is also just 3 days which is very much sufficient. The APR rewards are available for claim once in 30 days. That also gives us a small room for compounding our earnings and if we look overall the APR goes even above 20%.
In addition to HBD savings, people can purchase Hive and power it up to do curation. That's another passive income opportunity. People don't really have to write blogs but they can curate other authors and earn curation rewards. There are also opportunities to delegate the HP to other community accounts like @indiaunited and get a 100% share from the manual curation the community does.
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You are so right about writer's block being one of the major obstacle to blogging. I struggle and write like once every 3 or 4 days. But I curate with the little hp I have.
I don't know much about Splinterlands or other hive games but I'm working on knowing more. Your post has been helpful. Thanks 😃
If you have writer's block, the best options are to write for a prompt daily, or search for contests :) ... I know of quite a few good ones.
I think you speak my mind out. I've been sticking with blogging, interact with others users here on Hive but yet the effort I put on writing something get unnoticed. This is very hard think about what you have to put down in your blof everyday and still get nothing from it.
With that, I'm now taking my time to learn about Defi game and I believe if I get onboard there will be a different productivity
Clearly, There are more opportunities for earning on Hive Blockchain now compared to before. DeFi is my favorite earning route apart from the standard blogging on chain. It's a passive income stream with a huge potential upside.
I agree. Hive has alot of defi potential, and that has only been improving as time goes by. HBD is a great stablecoin.
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Yup, we all can relate to the writers block thing. It's a constant with content creation.
I recently started playing rising star. It's fun. 😃
Greetings, the content information is very important, I am currently starting to save casually, today I am celebrating my first month, I am waiting to be able to withdraw the interest and add another part that I have already obtained through the creation of content.
Hive really have a lot of opportunities surrounding apart from blogging which is awesome and this however can boost one's stay in the blockchain to be active when earning on s daily basis is involved.
HBD savings is frankly the one source of income that requires very little strategic approach currently and it also pays the highest. Moving forward we may begin to see other ways to earn that doesn't involve the hive reward pool and that will have a great impact on the ecosystem.
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Greetings @bala41288.
Everything you have expressed is wonderful, Hive is undoubtedly a huge project very solid and with much potential yet, I am a blogger in Hive since its inception, and it is a unique experience, I spent some time in Splinterland and still maintain some investments there, I love the Defi of Hive, definitely a great project that makes us fall in love for its solidity, thanks for sharing all these potentialities of Hive. Best regards.
I agree that blogging is not the only way we can earn from Hive. It was the other way for me as I was introduced to Hive by Splinterlands. I originally thought the only way to earn is from the game and didn't know back then that I can also earn from blogging. 😅
I do blog occasionally and currently have my Splinterlands card for rental. 😊
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STOPCheck out the last post from @hivebuzz:
The opportunites on Hive is amazing. Play to earn, HBD savings and Defi are all good options for people but I think HBD savings is the best option available.
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Personally I prefer the blogging, powering up, and HBD hodling options :) ... There's plenty to write about, it's just finding the time to do it...
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Defi game?
I will go take a look on that and see if
Opportunity to earn might be right there too
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Next to blogging and curation, I would say that HBD is definitely what I would consider. I only have a couple of hundred dollars in savings currently... but I can definitely see how this would be a great choice!
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