Landlords urged to consider cryptocurrency mining

With property investors of all sizes feeling the squeeze from both rising interest rates and increased regulations, a new form of passive income could prove the ideal solution.

That’s the view of Josh Riddett, CEO of Easy Crypto Hunter who is keen to dispel many myths about currency mining and show landlords how easy it is to get involved.

Riddett says, “Landlords rent rooms to unreliable tenants every day. They risk their investment, have void periods and rooms they can’t monetise. They suffer sleepless nights and stress, but a crypto mining rig is trouble free and can be a superb source of income.”

East Crypto Hunter is a UK-based operation with a reputation for transparency. It’s keen to help those with little or no understanding of cryptocurrencies to learn and profit from their potential. Riddett himself has advised the EU parliament and the Home Office. Although he’s evidently an enthusiastic advocate of mining rigs, he remains honest about the variability of returns. “They fluctuate,” he said. “But over a four-year period, we’ve seen returns of 279% from a rig running 24/7. Results like that – many times the yield on property rental – have to be worth investigating.”

Landlords often believe that starting in currency mining will be difficult, or that they will need an upgraded power supply or Wi-Fi connection. According to Riddett, getting started is easy, and both the power supply and Wi-Fi concerns are unnecessary.

A mining rig simply needs an unoccupied room with a power supply and adequate ventilation. It can, for example, be a simple way of generating income from a property when it cannot be let, perhaps when it is being renovated. Riddett.

However, doesn’t see a mining rig as a solely short-term alternative to a tenant. He urges landlords to consider mining as an enhancement to existing properties or commercial spaces and points out the potential for improved overall yields.

With landlords always under pressure and operating in an uncertain market, it may be that a cryptocurrency mining rig is the perfect addition to their portfolio.