Have you ever wondered how you could earn Bitcoins online? For many of us, the discovery of Bitcoins is like the discovery of organic foods. Using them is quite interesting but it's much difficult to get some. We're going show you some tips to get some. In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment.
Bitcoins Faucets Earn Bitcoins by completing tasks on websites,
typically proving your humanity.
Bitvisitor: Earn
Bitcoins for watching websites or videos. Every
page is shown for five minutes. Then you can click 'Next' for confirmation and
move on to the next page.
Bitcoin Zebra: Bitcoin Zebra is a completely FREE bitcoin faucet paying out
up to 3000 satoshi every hour. Each time you visit this page and feed
the zebra you
will receive a faucet payout amount randomly selected from the available
amounts shown in green.
MoonClaim: Earn free Bitcoins every 5 minutes
PaidBooks: Get paid to read books
Aliens Faucet: One of the highest paying faucets
Earn Bitcoins by Mining
The very first way to get your own Bitcoins was through mining. In 2009, every block mined (every 10 minutes on average) brought a reward of 50 BTC to the lucky one who managed to solve the computational problem. Right now and till 2016, every block brings 25 BTC. While the reward is still luring, there are some issues which stand in the way of earning some loot:
– The hashing difficulty has grown significantly over the last years. No single equipment has enough computational power to compete for Bitcoins.
All these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning Bitcoins online.
Mining has gotten unprofitable.– In hope for some reward, people are forced to unite in pools or use cloud mining services.
– Even when the efforts are combined, there is still need to pay for the electricity, and the utility bills often exceed the mining reward.
In Bitcoin, it’s like every organic food store has someone out front, offering free samples. Also, there’s a library everywhere you look, but only a few of those libraries have any good information. Now, before we begin discussing the places out there to get free Bitcoin, let’s just be clear: there is no good way to get wealthy without working or investing for it. It is impossible to make a good income in bitcoins or any other currency just by clicking around on some websites.
Earn Bitcoins from
interest payments %
If you already have some Bitcoins, put your Bitcoins to work for you.
Earn Bitcoins through interest payments by lending them out.
- Lend directly to someone you know. This allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who match your amount, duration and interest rate requirements. But it's a nice way to earn Bitcoins.
- Peer to peer Bitcoin lending websites with listings from various borrowers are another option. Bitbond is such a peer-to-peer lending site. Borrowers publish funding requests and you can contribute to their loan. You can fund small portions of many loans and thereby diversify default risk. Bitcoin loans usually work the same way as fiat currency loans. The borrower gets a certain amount of money over a specified time and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and the borrower needs to be trustworthy. When the site assesses the creditworthiness of their applicants the information given about borrowers can be more credible.
- A Bitcoin banking like model. Here you place your Bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. As everything here, this method has advantages and disadvantages. The good thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins with your Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. However, be very careful. In the previous case of peer to peer lending you diversify your lending activity over many borrowers. In the banking model you trust one single borrower which is the bank. If they don't do a good job in managing your Bitcoins, everything can be lost at once. That's because the bank takes you deposits and invests them in assets, the most important assets usually being loans. If they do a good job you are fine because you simply collect the interest payment. If they don't do a good job you take the hit. An there is no deposit insurance in the Bitcoin world, too.
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