As we all know, money doesn’t grow on trees. In fact for many of us, it can only be earned through some sort of exchange with time. What if there was an different way to earn money? What if you could quickly and easily set up a side stream of passive income?

1. HOW TO EARN INCOME
THOUGH CRYPTOCURRENCY
MINING & STAKING
(WITH BITBAYS ADVANCED PROOF OF
STAKE 3.0)

2. JOIN THE CONVERSATION
ON TWITTER
@BITBAYOFFICIAL

3. ABOUT
BITBAY
BitBay is a suite of free-to-use,
multi-platform applications
including the world’s first
fully-functional Decentralized
Marketplace.

4. Want to see
everything our
advanced client can
do?
VIEW ROADMAP

5. What is the purpose of mining
cryptocurrency? How does it work?
In general, the mining process creates
2 desirable results for the blockchain:
It both creates new coins (as a reward),
and provides security through
transaction verification.

6. There are two primary methods for
verifying transactions on a blockchain
network; Proof of Work (PoW) and Proof of
Stake (PoS). Both offer a variety of
profitability levels for the miner/staker.

7. PROOF OF WORK (PoW)
The foundation of PoW is based on an
intense mathematical competition, where
miners race to solve a puzzle in order to
win the opportunity to verify a block of
transactions.

8. This process requires a massive amount of
electricity. While the energy consumption of
PoW ends up creating robust immutability, it
has many more disadvantages. These
downsides include extremely high power
costs (needed to run the computers and
cooling systems), expensive equipment,
ever-changing hardware and growing
competition from other miners.

9. PROOF OF STAKE (PoS)
The foundation of PoS is quite different.
Instead of miners, it involves coin holders
who maintain a simple connection to the
network. Where Pow requires quadrillions
of attempts to solve a puzzle, PoS blocks
are awarded through randomized chance.

10. THIS METHOD OF VERIFICATION
IS SIGNIFICANTLY CHEAPER AND
MORE ENVIRONMENTALLY
SUSTAINABLE.
The main problem with traditional PoS is
that “coin age” is not taken into account.

11. These drawbacks have led to the
design of PoS 3.0, the most
advanced Proof of Stake system to
date. With PoS 3.0, the stakers’
balance must be connected to the
network for a specific amount of
time before block rewards can be
received.

12. Dubbed “coin maturity” this provides
more of a fair chance for all stakers
to win a block, and receive a reward.
ho do stake.

13. Here at BitBay, decentralization is
imperative.
More importantly, this creates a
direct incentive for users to stay
connected to the network, which
equates to stronger security.

14. Without it, our network becomes vulnerable
to both internal and external attacks.
BitBays base-layer protocol was designed
to be as decentralized as possible. This is
why we use PoS 3.0.

15. BitBay wants everyone to participate,
and profit from the process. The BitBay
coin maturity is set at 120 blocks, or
roughly 2 hours.
So as long as you keep your wallet
connected and unlocked after that
period, you will be eligible to earn
stake rewards.

16. Staking with BitBay is easy. Start by
using our staking calculator to set your
expectations of profit before getting
started. To begin, download either the
BitBay Markets Client wallet, the BitBay
QT wallet, or purchase the BitBay
Staking Box.

17. Once the coins are in your wallet, all you
have to do is check the “enable staking”
box in settings, and then unlock your
wallet. After that is completed, you will be
staking after roughly 2 hours.

18. EVERYTHING IS AUTOMATED,
AND REQUIRES NO MORE
EFFORT ON YOUR PART.
You will be eligible to earn rewards as long
as you stay connected to the network.

19. There are many ways to earn money
these days. You may have heard the
saying “Time is money” With the
emergence of cryptocurrencies and
blockchain technology, that phrase
can now be “Proof is money”.

20. Click HERE to
get started
today.
Have any
questions?
Ask HERE