Want to earn more PIVX without buying it? There are four main ways: claiming PIVX Rewards (faucet farming), running a Masternode, staking your PIVX, and actively participating in the PIVX ecosystem through giveaways and events. This lesson will walk you through each method to help you start earning free PIVX today.

PIVX Rewards

Similar to faucet farming from the early days of Bitcoin, PIVX Rewards is one of the easiest ways for newcomers to acquire small amounts of PIVX without any initial investment. Cryptocurrency faucets are websites or applications that distribute small amounts of crypto in exchange for completing simple tasks. These typically include solving CAPTCHAs, viewing advertisements, playing games, or answering surveys. 

In the case of PIVX Rewards, you get rewarded for interacting with the platform. You can claim 0.0023 PIV every hour. The platform is gamified, and the amount claimable can be increased exponentially by performing additional tasks like referring friends. For instance, you earn 25% commissions on every user you refer.

While faucet farming won't make you rich, it's a risk-free way to start accumulating PIVX and learn about the ecosystem.

PIVX Masternodes

Masternodes are specialized network nodes that provide stability to the PIVX blockchain. Operating one requires a 10,000 PIV collateral and a dedicated server with a static IP address. Running a masternode is a more advanced method that requires a significant initial investment but can provide substantial ongoing rewards.

Historically, masternode owners have earned approximately 12-15% annual returns. This varies based on network conditions, such as the number of active masternodes in the PIVX network. 

Here’s a more detailed guide on how to set up a PIVX masternode.

Staking

Staking is similar to traditional interest-bearing accounts and offers a lower barrier to entry than masternodes. It involves holding PIV in a cold or active wallet to participate in network consensus. PIVX uses a PoS consensus mechanism where stakers validate transactions and transmit new blocks. While there's no enforced minimum, practically speaking, having at least 100-500 PIVX improves your chances of regular rewards.

As with masternodes, staking rewards vary based on the number of active nodes. However, stakers can generate an APY of between 10-13%.

You can easily cold stake your PIV via the MyPIVXWallet (MPW). Alternatively, you could stake using the PIVX Core wallet. However, the latter option requires your wallet to be online. There are also several third-party platforms and exchanges that offer PIVX staking.

*MPW is a non-custodial light wallet for the PIV cryptocurrency that operates entirely within a standard web browser. It is open-source and designed to work on most desktop and mobile browsers, making it accessible across different devices.

Events & Giveaways

Getting involved in the PIVX community is one of the easiest ways to earn free PIV. While community participation may not provide a guaranteed income, it offers diverse opportunities that can sometimes be more lucrative than technical methods.

For instance, the PIVX Labs Discord channel posts trivia several times a day. The first person to get the answer is rewarded with some PIV coins. Community managers occasionally host giveaways for active members.