The emergence of bitcoin as one of the most popular new investment assets surprised many - those who once believed that a blockchain-driven cryptocurrency would never be profitable. Today the situation has changed. Many users can earn high income thanks to such digital currency. The article will present the most popular ways to make bitcoin.
Mining with powerful hardware
It is worth starting with the most popular way. On the Internet, when asked how to make bitcoin, the most popular advice is mining. 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 refers to the use of a computer technique of a set of mathematical operations, which in turn creates a new bitcoin.
Before you start mining, you need to know that the difficulty increases over time. In other words, it takes more and more time and computing power to create a cryptocurrency. At the dawn of bitcoinenthusiasts could get several of these monetary units using ordinary video cards on computers. By now, however, the complexity has increased so much that much more specialized equipment is required. How to make bitcoin now in the new year is a tricky question. This will require a powerful cryptocurrency mining rig.
Miners are computers with a lot of processing power to produce bitcoins in today's highly complex environment. The price of a bitcoin miner will vary significantly depending on its processing ability. Small USB devices cost from 10 thousand rubles, and more powerful ones can cost up to several million.
If you decide to start mining on your own, be aware of the additional costs. Not only will you have to pay for any equipment you choose to use, but you will also need to pay for electricity. 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 properly. Together, these costs can eat up most of the profits. Fortunately, if bitcoin continues to appreciate in value, these peripheral costs will eventually be offset retroactively. However, it is still worth following the course.
Performing microtasks
Mining is the most reliable and profitable way to help make bitcoin. Its high investment threshold means it's not for everyone. If you're looking for a cheaper way to dip into the Bitcoin pool, you might prefer doing microtasks thatpaid in bitcoins.
Microtasks are small, simple actions like watching ads or posting on social media. Pay is usually very low. However, in answer to the question of how to make bitcoin yourself, this will probably be the easiest way. But be patient.
One of the best places to get started with microtasks paid in bitcoin is Coin Worker, a marketplace that specializes in microtasks. Tasks are paid in points, each of which costs from 50 kopecks. However, there are also 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 bitcoin for viewing ads. Like other microtasks, these activities pay very little money, but are easy to complete. If you are trying to earn your first bitcoin, watching ads will be one of the easiest and most affordable ways to do so.
Using special faucets
Each method 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 microtasks in that they pay very small amounts of bitcoin in exchange for a small amount of your time - often around 1 satoshi, which is a millionth of BTC. However, in the case of faucets, bitcoins are usually available to users through a certaininterval, for example, once every five minutes.
The idea behind bitcoin faucets is that their owners sell ads that users then view. Bitcoin faucets pay out amounts that are too small for many users, but they are a good way to understand the world of cryptocurrencies. It will be difficult to get even a couple of such coins. 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.
Investing in cryptocurrency
Another way to help earn bitcoin from scratch is to invest in the development of cryptocurrencies. It requires not only the availability of several thousand dollars, but also the knowledge of trading. One of the most interesting developments in bitcoin over the past few years has been its emergence as a fairly popular investment asset. Investing in cryptocurrencies, although not as common as investing money in stocks and bonds, quickly turns into a financial stream. As you can imagine, investing is one of the most lucrative methods of making money with bitcoin. However, it also carries financial risks.
The question of how to earn bitcoin from scratch constantly worries the world's traders. However, as practice has shown, the currency can not only quickly grow in price, but also fall. The main way to make money is to buy bitcoin and hold it until its price rises enough to make a profit. Thanks to the highlevel of price volatility, bitcoin has brought incredible benefits to investors who have long followed this strategy. If you had invested just $500 in cryptocurrency when it was worth $1 in early 2011, your investment would be worth over $9.5 million today. Of course, this is an extreme example, but it demonstrates how profitable such investments have been for some traders who are willing to hold their investments for long periods of time.
One of the issues that has hindered Bitcoin investing in the past is the lack of reliable exchanges. If you have been following cryptocurrencies for a while, you may remember the sudden collapse of major exchanges in 2014 as a result of a massive hack. Losses of millions of dollars left a negative imprint on the entire cryptocurrency industry.
Creating content for monetization
Another way to help earn bitcoin with investments is through the creation of videos and informative articles. If you know a lot about making money online, you have probably come across the idea of paying to advertise on a website. Luckily, the exact same concept works well with bitcoin. If you want to passively earn from crypto by creating great content, consider signing up with a bitcoin-based ad network like Bit Media. These networks will pay you in bitcoins for clicks on advertisements posted on your portal. The more visitors and clicks your content receives, the more units of cryptocurrency you can earn. You can create guides ranging from how to create bitcoin wallets to building your own mining farm.
While BTC ad networks can theoretically be implemented on any type of site, they will be most effective on portals that are actually focused on cryptocurrency and technology. This is because most of the advertisers using these services at the moment are in the bitcoin niche themselves. The good news is that it makes it easy to host cryptocurrency-paid ad networks freely on your portal. This approach gives you the opportunity to simultaneously earn bitcoins and rubles on the same website, diversifying the income stream between them. However, it is important to keep the information up to date. Articles and guides on how to mine bitcoin on a home computer are no longer effective, as it requires a lot of performance.
Cryptocurrency lending
The issuance of money at interest as a passive income fully applies to digital currencies. Bitcoin lending is a lot like peer-to-peer lending in that it allows individuals to take on the role of a bank or other financial institution. In turn, these lenders collect interest as the loan is repaid.
To earn bitcoin with loans, you will need to use a special financial platform. At the moment, Bitbond is the main and leadinglending platform, although there are several more available. Interest rates on loans can be quite high, up to 10%. However, there are also many difficulties here. 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 profits from lending.
Before you can start earning interest, you need to have initial cryptocurrency capital. You can buy it, mine it, or earn it 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 by borrowing, 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, easy ways to make money with bitcoin that you can even do at home. If you are really serious about making a living with cryptocurrencies, then one of the best ways to do this is to become the developer of the growing number of websites 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 specific knowledge of Blockchain. If you are this person,the opportunities available to you in the coming years could be almost limitless. How to use bitcoins in this case may not be immediately clear. However, it is not the use of cryptocurrency itself that is taken as the basis, but the production technology and transactions.
Of course, this method of making money is far from easy. To get started, you will need a deep understanding of computer science, mathematics, and computer programming. You also need to become proficient in the specialized field of blockchain.
With such a high barrier to entry, you might be wondering why becoming a blockchain developer is worth it. The answer to this question lies in the amount that qualified blockchain professionals 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 in excess of 10 million rubles a month. However, these values are converted based on the US dollar, since the domestic market still pays many times less. Wages in this amount can be obtained in South Korea, Taiwan, America and a number of European countries. Therefore, knowledge of English above the average level will also be a requirement.
Great earning potential is also associated with growing demand. With the rise in popularity of bitcoin every day, the number of companies investing in blockchain technology could increase significantly in the future. Since such developers are few and far between, this means that there is almost no competition.
Teaching othersusers
Once you have established yourself in the world of bitcoin, you can share your experience and information with those who are less knowledgeable than you. Whether it is cryptocurrency investment strategies or explanations on how to properly set up a miner, there are people who will be extremely interested in learning from your experience. If your content is good and you have valuable information to learn from, you can even make good money and become famous by helping other people learn about cryptocurrencies. Additionally, to attract a large flow of people, you can consider topics on how to trade bitcoins. Many owners of cryptocurrencies do not always know how to properly dispose of them.
One way to learn how to talk about bitcoin is to make a YouTube video. While this video hosting will certainly not make you rich, you will be able to monetize with the Google AdSense program. This makes it possible to integrate advertising and earn money from it. If your channel becomes a popular source of information about bitcoin and cryptocurrencies, this income stream could even add up to quite a noticeable figure.
If video content doesn't suit you, you can also write articles about the pros and cons of cryptocurrencies. These articles can be posted on your own website or other subject portals. If you create good written content, you can make good money selling articles to the right websites.
Finally, if you consider yourself a real expert, you can create a course aboutany aspect of bitcoin. Video tutorials online are a good way to make some money, but they take a lot of time and effort to create. If you are going to create a course, videos and lessons will be easier to sell if you post them on Udemy, a site that hosts learning content. Through Udemy, you can sell your course, set the price yourself, and have access to millions of potential students. Whatever you do, make sure the advice you offer is valuable enough to be worth paying for. If you create a course subitem filled with information that can be found with a simple Google search, you are unlikely to make much money from it.
Earning through games
The best way to end this review of various ways to earn bitcoin without investment online is with an overview of special gaming services that also allow you to get real money. You won’t be able to get millions, but with due patience and dexterity, it will be possible to make money on a budget smartphone in a year. Games that pay in bitcoin are very similar to the faucets described above in that they pay out small amounts and generate revenue for developers through ads. The advantage of bitcoin games is that they monetize activities that you can devote time to every day. If you're used to playing mobile games, try to find ones that will pay you small cryptocurrency bonuses to reward you for the time you spend playing them. Even if it's not much, it's still better than playing the game for free.
The category of bitcoin-based games also includes online gambling games that use cryptocurrencies as settlements. While this might be fun for you if you love gambling, it's not a very good way to make money reliably. As in any other casino, the odds will always be in favor of the house. Therefore, it is better not to try your luck, since it will be unrealistic to make money on this method through gambling.
Conclusion
As you can see, the ways to profit from the growth of bitcoin are almost limitless. Whether you want to own cryptocurrencies on your own or make money by providing services and know-how to other enthusiasts, you have that opportunity in the current market. Best of all, the full potential of BTC is probably far from being realized. As cryptocurrencies become more and more widely used as financial instruments and everyday payment methods, the opportunities to earn on them will only expand.
