The emergence of bitcoin as one of the most popular new investment assets has surprised many - those who once believed that a cryptocurrency managed by a blockchain would never have profitability. Today the situation has changed. Many users can get high returns thanks to this digital currency. The article will present the most popular ways to make bitcoin.
Powerful mining
It is worth starting with the most popular way. On the Internet, when asked how to make Bitcoin, mining is the most popular tip. However, without investments it will be impossible to receive funds. If you want to collect as many bitcoins as possible, mining is one of the best options. The method relates to the use of computer technology for a set of mathematical operations, which, in turn, creates a new bitcoin.
Before you start mining, you need to know that over time, complexity increases. In other words, creating cryptocurrencies requires more and more time and computing power. At the dawn of the existence of bitcoins, enthusiasts could get several of these monetary units using ordinary video cards on computers. To date, however, the complexity has grown so much that it requires much more specialized equipment. How to make bitcoin now in the new year, the question is complex. This will require a powerful installation for cryptocurrency mining.
Miners are computers with great computing power for the production of bitcoins in modern conditions of high complexity. The price of a bitcoin miner will vary significantly depending on its processing ability. Small devices with USB cost from 10 thousand rubles, and more powerful ones can cost up to several millions in cost.
If you decide to start production yourself, do not forget about the additional costs. You will not only have to pay for any equipment that you decide to use, but it will also require electricity costs. If you have a large miner that generates a lot of heat, you may also need to install a cooling system for it to work correctly. Together, these costs can absorb most of the profits. Fortunately, if Bitcoin continues to rise in value, these peripheral costs will eventually be offset retroactively. However, monitoring the course is still worth it.
Micro Tasks
Mining is the most reliable and profitable way to help make bitcoin. Its high investment threshold means that it is not suitable for everyone. If you are looking for a cheaper way to plunge into the Bitcoin pool, you may prefer to perform microtasks that are paid for by Bitcoins.
Micro-tasks are small simple actions, such as viewing ads or posting on social networks. Payment is usually very low. However, in answer to the question of how to make bitcoin yourself, this will be perhaps the easiest way. But you should be patient.
One of the best places to start working with micro-tasks that are paid in bitcoins is Coin Worker, a trading platform that specializes in such tasks. Tasks are paid in points, each of which costs from 50 cents. However, there are more expensive ones - up to 100 rubles. When wondering how to make bitcoin yourself using this method, it is important to understand that it will not work quickly to make a profit.
There are also several sites that will pay you small amounts of bitcoins for viewing ads. Like other micro-tasks, very little money is paid for these actions, but they are easy to accomplish. If you are trying to earn your first bitcoin, viewing ads will be one of the easiest and most affordable ways to do this.
Using special taps
Each of the methods has its own profitability. At the same time, the price of bitcoin directly depends on its demand in the market. Therefore, many users choose faster methods of earning. Bitcoin faucets are similar to micro-tasks in the sense that they pay very small amounts of bitcoins in exchange for a small amount of your time - often about 1 satoshi, which is a millionth of BTC. However, in the case of faucets, bitcoins are usually available to users at a certain interval, for example, once every five minutes.
The idea of using a bitcoin faucet is that their owners sell ads, which are then viewed by users. Bitcoin faucets pay out amounts that are too small for many users, but they are a good way to understand the world of cryptocurrency. Getting even a pair of such coins will be difficult. The price of bitcoin on the market is constantly fluctuating and it is important to understand whether the cryptocurrency is worth the effort spent on this method of mining it.
Cryptocurrency Investments
Another way to help earn bitcoin from scratch is by investing in the development of cryptocurrencies. It requires not only the availability of several thousand dollars, but also knowledge about trading. One of the most interesting events in bitcoins over the past few years has been its appearance as a fairly popular investment asset. Investments in cryptocurrency, although not as widespread as investing money in stocks and bonds, quickly transfer to financial flow. As you can imagine, investment is one of the most profitable methods of getting money using bitcoin. However, it also carries financial risks.
The question of how to earn bitcoin from scratch constantly worries world traders. However, as practice has shown, a currency can not only grow rapidly in price, but also fall. The main way to make money is to purchase bitcoin and hold it until its price rises enough to make a profit. Due to the high level of price volatility, Bitcoin brought incredible benefits to investors who have long adhered to this strategy. If you invested just $ 500 in cryptocurrency when it cost $ 1 in early 2011, your investment today would cost more than $ 9.5 million. Of course, this is an extreme example, but it demonstrates how profitable such investments were for some traders who are willing to keep their investments for long periods of time.
One of the problems that has hindered investing in bitcoins in the past is the lack of reliable exchanges. If you have been following cryptocurrencies for a while, you can recall the unexpected collapse of large exchangers that occurred as a result of a large-scale hack in 2014. Millions of dollars of losses left a negative imprint on the entire cryptocurrency industry.
Creating Content for Monetization
Another way to help earn bitcoins with attachments is to create videos and informational articles. If you know a lot about making money online, you probably came up with the idea of paying for advertising on a website. Fortunately, exactly the same concept works well with bitcoins. If you want to passively earn on cryptocurrency by creating great content, consider registering with an ad network based on bitcoins such as Bit Media. These networks will pay you in bitcoins for clicks on advertising posts posted on your portal. The more visitors and clicks your content receives, the more cryptocurrency units you can earn. You can create guides, starting with the topic of how to create bitcoin wallets and ending with the assembly of your own mining farm.
Although ad networks with BTC can theoretically be implemented on any type of site, they will be most effective on portals that are actually oriented to cryptocurrency and technology. This is due to the fact that most advertisers currently using these services are themselves in the niche of bitcoins. The good news is that it makes it easy to place ad networks with payment in cryptocurrency freely on your portal. This approach gives you the opportunity to simultaneously earn bitcoins and rubles on the same website, diversifying the revenue stream between them. However, it is important to maintain the relevance of the information. Articles and guides on how to mine bitcoins on a home computer are no longer effective, since more performance is required for this.
Cryptocurrency lending
The issue of money at interest as a passive income in full applies to digital currencies. Lending with bitcoins is much like lending between people, as it allows individuals to take on the role of a bank or other financial institution. In turn, these lenders collect interest as they repay the amount of the loan.
To earn bitcoins using loans, you will need to use a special financial platform. At the moment, Bitbond is the main and leading lending platform, although there are several more available. Interest rates on loans can be quite high up to 10%. However, there are also many difficulties. Basically, users are faced with the question of how to transfer bitcoins to a card. The difficulty is that an exchange office is needed, and it also carries out conversions and transactions for a certain percentage. It is important to calculate these nuances in order to obtain high profit from lending.
Before you start earning interest, you need to have an initial cryptocurrency capital. You can buy it, earn or earn using one of the other methods described here. You can also use lending in addition to other methods of earning bitcoins. However, if you want to earn serious amounts on loans, it may be a good idea to buy the initial shares of Bitcoin, as this will significantly increase profits.
Blockchain development
Most of the options you saw on this list were small, simple ways to make money with bitcoins that you can even make at home. If you are really serious about making a living using cryptocurrency, then one of the best ways to do this is to become a developer of a growing number of sites and digital systems that use bitcoin and other cryptocurrencies.
For every new website that decides to accept payments in BTC, there is an opportunity for a developer with special knowledge of Blockchain. If you are this person, the possibilities available to you in the coming years can be almost limitless. How to use bitcoins in this case may not be immediately clear. However, the basis is not the very use of cryptocurrency, but the technology of production and transaction.
Of course, this method of making money is far from simple. First you need a deep understanding of computer science, mathematics and computer programming. You also need to become knowledgeable in the specialized field of blockchain.
With such a high threshold for entry, you may be wondering why it's still worth becoming a blockchain developer. The answer to this question is the amount that qualified blockchain specialists can earn in the current market. The average salary of developers in this area starts from 4 million rubles, while top-level developers can receive salaries of more than 10 million rubles per month. However, these values are converted based on the US dollar, as the domestic market so far pays many times less. Salaries in this amount can be obtained in South Korea, Taiwan, America and several European countries. Therefore, knowledge of English above the average level will also be a prerequisite.
Great earning potential is also associated with growing demand. With the popularity of Bitcoin growing every day, the number of companies investing in blockchain technology may increase significantly in the future. Since there are few such developers and they are far from each other, this means that there is practically no competition.
Training other users
Once you have established yourself in the world of bitcoins, you can share your experience and information with those who are less knowledgeable than you. Whether it’s cryptocurrency investment strategies or explanations of how to properly set up a miner, there are people who will be extremely interested in learning about your experience. If your content is good and you have valuable information for training, you can even make good money and become famous, helping other people learn about cryptocurrencies. Additionally, to attract a large flow of people, you can consider topics on how to trade bitcoins. Many cryptocurrency owners do not always know how to properly manage them.
One way to learn how to talk about bitcoins is to make a video on YouTube. Although this video hosting service will certainly not make you rich, you will get the opportunity to monetize using the Google AdSense program. This makes it possible to integrate advertising and earn money on it. If your channel becomes a popular source of information about bitcoins and cryptocurrencies, this income stream can even make up a fairly noticeable indicator.
If video content is not suitable for you, you can also write articles about the pros and cons of cryptocurrencies. These articles can be posted on your own website or on other thematic portals. If you create good written content, you can make good money by selling articles to the right websites.
Finally, if you consider yourself truly a specialist, you can create a course on some aspect of bitcoin. Online video tutorials are a good way to get some money, but it takes a lot of time and effort to create them. If you are going to create a course, videos and lessons will be easier to sell if you post them on Udemy - the site that hosts the content for training. Through Udemy, you can sell the training course by setting the price yourself and have access to millions of potential students. Whatever you do, make sure that the advice you offer is valuable enough to be worth the price. If you create a course sub-item filled with information that can be found using a simple Google search, you are unlikely to make a lot of money from this.
Earnings through games
The best way to end this review of the various ways that help earn bitcoins without investing on the Internet is to review special gaming services that also allow you to receive real money. Millions will not be able to get, but with proper patience and dexterity, it will be possible to earn a budget smartphone for a year. Games that pay in bitcoins are very similar to the taps described above in that they pay small amounts and bring profit to developers through advertising. The advantage of bitcoin games is that they monetize activities that you can well devote time to every day. If you are used to playing mobile games, try to find those that will pay you small bonuses in the cryptocurrency to reward you for the time spent on them. Even if it's a little, it's still better than playing the game for free.
The Bitcoin games category also includes online gambling, which uses cryptocurrencies as settlements. Although this can be fun for you, if you like gambling, it is not a good way to make money securely. As in any other casino, the odds will always be in favor of the institution. Therefore, it is better not to try your luck, as making money on this method through gambling will be unrealistic.
Conclusion
As you can see, the ways to profit from the growth of bitcoins are almost limitless. If you want to own a cryptocurrency yourself or make money by providing services and know-how to other enthusiasts, you have this opportunity in the current market. Best of all, the full potential of BTC is probably far from being realized. As cryptocurrencies begin to be increasingly used as financial instruments and everyday payment methods, the opportunities to earn money on them will only expand.