Decentralized Monetization
Bitcoin runs on a decentralized computer network or distributed ledger that tracks transactions in Bitcoin. When computers on the network verify and process transactions, new Bitcoin is created as a reward for verifying the transaction, therefore creating or mining Bitcoin. These networked computers, or miners, process the transaction in exchange for a payment in Bitcoin. Much like a living minimum wage, the equipment used to mine Bitcoin is rewarded for its work on the Bitcoin network for verifying these transactions.
If a creative is able to generate value during downtimes of their profession, then they will be able to effectively reduce costs to their business while also generating digital value to store, because this downtime would be compensated for by using existing equipment already owned to mine Bitcoin. This would effectively reduce costs to the creative over time with the increased value of Bitcoin.
AMD: $3.25 Nvidia: $0.50, S19j: $8.10 (Per Day)
After your specific tax location (let’s say 45%), income from mining per year could pay for cloud storage services, software, or services of other creatives all while letting your computer or miner run either away on location or during editing sessions (equipment, results and electricity cost subject to change).
*This is an independent study and findings are applied to my individual situation. Findings and information should be applied to your own situation and advised by proper guidance. Please seek assistance in areas you are unsure about.