In the era of modern, constantly improving financial instruments, it is difficult to surprise anyone with the emergence of new payment systems that operate in large amounts. However, the programmer under the pseudonym Satoshi Nakamoto succeeded. In 2009, he published the source code for his project. This date can be considered the beginning of the existence of the Bitcion payment system.
The word is quite unusual for hearing, because it has never been used by anyone before. But, despite this and a number of other paradoxes, this financial instrument has been constantly gaining popularity since the beginning of its existence, and today a fairly vast audience of the Internet space knows about it. Why else do you need currency, except for earning and spending it? For this reason, with the introduction of global mining tools (the so-called bitcoin mining), a huge mass of users rushed to master the treasured “coins”. Many people only know about the existence of bitcoin, how to earn this currency, but do not imagine. There are several ways to get it, including those where investments are not required. Where to earn bitcoin is discussed in this article.
What is Bitcoin?
Bitcoin stands for: bit is a unit of information, and coin is a coin. If we talk about what Bitcoin is in practice, then this is a universal payment system that does not have a single center and, as a result, one owner. In fact, everyone who uses them has bitcoins, that is, they mine and spend. It’s quite difficult to put in your head, but the principle of work is just that. Another paradox is that this currency does not have an official wallet.
There are many services that provide bitcoin storage services, such as blockchain.info. Here, during registration, a long individual address is issued, which can be indicated in various services for earning this cryptocurrency. This is done for the reason that the potential audience of the currency is the whole world, so there should be enough addresses for everyone. After it has turned out to earn a lot of bitcoin, you can send them to your wallet, and then exchange them on the exchange for another currency that is used everywhere. What determines the popularity of this money? Probably, first of all, by their novelty and unusualness. Indeed, until now, no one has ever tried to create something like this - money that does not have real value. Another important point is the anonymity of use. At the same time, all transactions are visible to users, but none of them can track who made transfers to whom.
Bitcoin History
The development of the project was started back in 2007, but for the first time it was released in 2009. The developer (or a group of developers) under the pseudonym Satoshi Nakamoto published the source code of his creation, after which it began to spread with high speed on the World Wide Web.
Initially, the Bitcoin exchange rate was equivalent to the dollar exchange rate, but over time, due to the increasing popularity, it began to grow and reached 800 dollars for one bitcoin. And this is already quite an impressive amount, and those who managed to earn without bitcoin investments from the very beginning, after a while, quickly enriched themselves due to the appreciation of the currency. Unfortunately, now Bitcoin is falling, and its rate is about three hundred dollars. However, even he is impressive. Some predict currency collapse, others - on the contrary. And others even consider it a global financial pyramid. You can learn more about the history of the currency on the official website bitcoin.org. Unfortunately, this site will not tell you how to earn the coveted coins.
Currency Features
Before you learn how to quickly earn bitcoin, you need to figure out what this currency is. After all, an understanding of the principles of work will allow more efficient extraction of it. So, here are a few features:
- Bitcoin is not backed by any circumstances. This means that it is not a debt obligation, as usual money. The price of it depends on demand. The larger it is, the higher the value of the currency. In order to make it easier to understand, you can draw a parallel with precious metals: as long as there is demand for them, they will be in price. That is, theoretically, bitcoin can drop to zero. Therefore, all those interested in earning this cryptocurrency should provide the system with new "miners".
- Bitcoin does not have one center. All data of the payment system is stored by the owners of the currency. And the quantity is determined by the number of units mined and in demand.
- One of the unique features is the limited currency. Initially, the code contains 21 million coins, the issue of which into the network is 25 times in 10 minutes. These coins are distributed among the miners, that is, it makes sense to contain powerful hardware to obtain a larger share of the issued units. Emission is halved every 4 years, which ensures a permanent increase in the price of the currency - the system has a deflationary structure. Nevertheless, after the extraction of all bitcoins, they will be distributed among the owners, so the history of the system will continue.
- As noted above, the anonymity of the use of currency. Despite the fact that any operation can be traced, it is not possible to recognize its subscribers, since bitcoins belong simultaneously to everyone who uses them.
- No commission for transfers. This is explained quite easily. Since there is no single center, there is no need to pay for its work.
Knowing these features, it is much easier to understand how to make bitcoin.
Currency flaws
Like any system, the Bitcoin project has a number of shortcomings, it cannot be said that they are too serious, but still they are. Firstly, the lack of a single regulator makes it impossible to cancel operations with the currency. This can be used by scammers. The second disadvantage can be considered the complexity of the application. Cryptocurrency is an extremely extraordinary thing, completely turning over the concept of cash, so for many it is a dark forest. The third and probably the most significant drawback is the risk of becoming a prohibited currency. A number of states have already taken this step, wishing to fully control the economic situation. Bitcoin is an anonymous currency, which the government is actively struggling with due to the inability to track financial transactions. This creates a fertile ground for scammers. Nevertheless, more and more often people use exactly bitcoin in their calculations. How to earn this currency, consider below.
Ways to make bitcoin
There are several ways to earn a lot of bitcoin. To begin with, we list them, and after we analyze each one individually.
- It is quite simple to get them using the so-called cranes - special services that give out bitcoin for free. How to earn? Unfortunately, the program with the help of which they are mined has not yet been created, therefore, the process cannot be automated. By the way, he is not worth it.
- Bitcoin mining, or mining. Automatic earnings of bitcoins using computer power.
- Currency trading on the stock exchange. Automation of this process is also impossible, but brings tangible profits in a fairly short period of time.
Earnings with cranes
This type of production appeared relatively recently. It is not worth staying on it for a long time, since its profitability is not very large. In short, the point is to play the free lottery. Once in a certain period of time, the user gets the opportunity, guessing the captcha, play and get a reward in the form of bitcoins. However, their number is so small that it takes a lot of time to earn at least half of one bitcoin. You can ask a logical question: "What is the benefit of crane sites?" After the visit, the question will disappear by itself - they are literally crammed with advertising banners.
Mining earnings
It’s worthwhile to dwell on this method in more detail, since it is the main method for obtaining bitcoin. How to earn? Mining is the extraction of virtual currency due to the computing power of a computer. Groups of such miners, or, as they are also called, miners, organize pools to combine the power of machines for more efficient cryptocurrency mining. It is the “virtual miners” that ensure the life of the system, as they create demand for bitcoin. How to make money on this? There are two options: independent mining and joining the pool. The first option is not very profitable, since it is unlikely that a home computer will have the capacity to successfully “mine” bitcoins. But you will be accepted into the pool only if the machine pays off. Therefore, many, in the absence of their own capacities, buy a share in the pool, which brings constant passive income, depending on the size of this share.
Earnings on the stock exchange
There are two ways: either invest in bitcoins and wait for the appreciation, or actively speculate on minor fluctuations. Both methods have the right to exist, however, a certain starting capital may be required. Nevertheless, a competent game will be able to bring good profits, which may well become a source of constant income.
How to cash bitcoins
So, we figured out where you can earn bitcoin. Now you need to decide how to use them. If you plan to continue to work in this industry, then the best way is to invest your money in mining pools. Calculations are also made in bitcoin and do not require conversion. If there is still a need to use these funds, then you can resort to the services of numerous exchangers, after which you can already use ordinary money. By the way, some services already accept bitcoins as a settlement currency.
Future bitcoin
There are several opinions about the continued existence of this cryptocurrency. Experts believe that the exchange rate will gradually increase due to emission restrictions. Thanks to which the currency will cover a wide segment of the market. Some believe that the latest course changes are the beginning of the end. At the moment, it is dangerous to invest in bitcoin, because it is not known what will happen to its value, since at the moment the course does not have a pronounced direction of movement.
Conclusion
Now, after a more detailed acquaintance with the bitcoin cryptocurrency, how to earn it, it became clear. In fact, there is nothing complicated. You just need to be patient and a little savvy. Paradoxical as it may seem, Bitcoin is a currency that came out of nowhere. Therefore, it is available to anyone who wants to receive it.