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Passive income is one of the best forms of generating some extra revenue. My Cashware helps you earn extra money by using your computer’s resources to mine virtual currencies. Absolutely no work needs to be done on your part.
What Is My Cashware?
My Cashware is an unobtrusive piece of software that uses your computer power to create virtual currencies. In other words, it enhances your computer’s processing power to participate in virtual mining. Normally this is an incredibly difficult task to setup, but My Cashwork takes out all of the complexities for you. They’ve been around for a little over a year and have been successfully helping users generate a passive income.
When you leave your computer on with the My Cashware application installed, your computer generates revenue for you by using your machine’s resources. The amount that’s utilized by their software is very limited, so you shouldn’t see any slowdown on their machine.
In fact, in order to ensure that it’s not slowing you down, you can even choose what type of processing power it utilizes, whether it comes from your CPU or graphics card. You also get to choose how much power it’s using- you’re always in control of what the software is actually doing.
The best part is that you can leave it running while you’re not at your machine, making this a great passive income earner. Registration is completely free, and you can connect as many Windows PC devices as you want to increase your revenue. Unfortunately, this software is yet to be available for Mac devices. Check back later for updates, as they have indicated that it will be out soon.
My Cashware is completely transparent about how they utilize your computer’s resources. You’ll know exactly how much your making along with your software usage when you log-in to your account.
How Much Can I Expect To Earn With My Cashware?
The more CPU power you allocate to My Cashware, the more money you’re going to earn. Therefore, the more powerful your machine, the more efficient your computer is going to be at mining.
The great thing about this software is its low payment threshold of $5 before you can cash out. There’s no limit to the amount of machines that can use My Cashware, but as mentioned above it currently only works on Windows devices.
Sometimes you can also receive bonuses. My Cashware pays out a daily earnings depending on the market. When their experts make extra from currency trading, they give off a portion of it to you. Keep in mind that these bonuses are usually random.
With that said, we aren’t exactly positive as to how much you can earn. Nonetheless, we estimate that you can earn a minimum of $5 per month on a very slow machine. If you feel like you have a better estimate, please let us know in the comments below.
Refer Friends For Extra Cash
You can increase your earnings even further by referring your friends. For each friend you refer, you get 20% of their total earnings for life. There’s no limit to the amount of friends you can refer. If you’d like to support FFL, you can use our referral link here – we’d greatly appreciate it!
How Do I Get Started With My Cashware?
Getting setup with My Cashware is incredibly easy and can be done in just a few steps. We’re here to walk you through the process so you don’t miss any details.
You can register for a new account for free by clicking this account here. All you need to do is create a username and password to get started.
2. Install the software.
Once you register, you can download and install their software at no cost. Unfortunately, the My Cashware is currently unavailable for Mac computers. However, they have indicated that a Mac version is coming soon.
3. Start Earning.
Run the software and start earning. While we don’t have a good estimate at how much you can earn, we’re guessing at least $5 a month on a really slow machine. The faster your device, the more money you’ll make.
4. Refer Friends.
Refer your friends for more cash. For each friend you refer, you get 20% of all of their earnings for life. There’s no limit to the amount of referrals you can have.
5. Request Payment
Once your account balance reaches a minimum of $5, you can request a payout be made to your PayPal account.
What Are Some Other Great Ways To Earn A Passive Income?
We’re going to tell you about 3 other resources that can help you increase your passive earnings. I personally use all of these, and they don’t take any extra effort to use.
Datacoup is a website that gathers data about your social media accounts and credit card use. Once you link to these sources, the only work you have to do on your end is cash out. On average, you’ll be paid once every 4 weeks.
The amount you’re paid is limited and depends on the amount of accounts you have linked. Don’t expect to make any more than $5 per month. One thing we would like to note is that you will need to be partnered with a Stripe card in order to cash out.
Keep in mind that all of the data you share is completely anonymous. None of your personal messages, images or anything else will be shared. They just want to track how much time you spend utilizing certain resources on social media accounts as well as how much you’re spending and what you’re buying if you decide to link credit card accounts.
Data Wallet is another passive earner that is quickly growing in popularity. Like Datacoup, you get paid to share your data, but only for social media accounts. Most people prefer this to Datacoup since the payout is much higher, but sometimes it’s a bit difficult to know when you’ll get paid.
Some users report earning upwards of up to $50 per month. Keep in mind that it’s incredibly difficult to get a company to buy your data if you only have a few social media accounts. This is why we recommend linking all of them: Facebook, Twitter, Pinterest and Instagram.
It took me 2 months before someone decided to buy my data, and I found out this was mostly because I wasn’t linking my Pinterest account. Furthermore, the more you use these social media accounts, the more likely you’ll get paid since the more data you’ll be sharing. This app currently only works for iOS devices.
My Cashware is a great way to earn some money on the side. Even though the earnings aren’t very high, you don’t have to do any extra work on your end.
If you’ve used this software before, we’d love to hear about how much revenue you’re generating on a monthly basis. Questions or comments? Leave them below. Thanks for reading and happy frugaling!
My name is Jason Wuerch and I'm currently located in Madrid, Spain running a personal finance blog called Frugal For Less. My goal is to help everyone and anyone willing to make and save money through easy and simple ways that don't require much effort. Just because you're frugal doesn't mean you have to give up life's luxuries.