In the era of modern, constantly improving financial instruments, it is difficult to surprise anyone with the emergence of new payment systems operating with large amounts. However, a programmer under the pseudonym Satoshi Nakamoto succeeded. In 2009, he published the source code for his project. It is this date that can be considered the beginning of the existence of the Bitcion payment system.
The word is quite unusual to hear, as 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 large audience of the Internet space knows about it. What else is the currency for, except for earning and spending it? It is for this reason that with the introduction of tools for its extraction into the global space (the so-called getting bitcoin), huge masses of users rushed to master the coveted "coins". Many are only aware of the existencebitcoin, how to earn this currency, they do not represent. There are several ways to get it, including those where investments are not required. About where to earn bitcoin, and will be discussed in this article.
What is Bitcoin
Bitcoin stands for: bit - a unit of information, and coin - a coin. If we talk about what Bitcoin is in practice, then it is a universal payment system that does not have a single center and, as a result, one owner. In fact, everyone who uses them, that is, who mines and spends them, has bitcoins. It's pretty hard to wrap your head around, but that's how it works. 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 specified in various services for earning this cryptocurrency. This was done for the reason that the potential audience of the currency is the whole world, so there should be enough addresses for everyone. After you have earned a lot of bitcoins, you can send them to your wallet, and then exchange them on the exchange for another currency that is used everywhere. What is the reason for the popularity of this money? Probably, first of all, their novelty and unusualness. After all, so far no one has ever tried to create something like this - money that has no real value. Another important point is the anonymity of use. At the same time, all transactionsusers in plain sight, but none of them can track who made transfers to whom.
History of Bitcoin
The development of the project was started back in 2007, but for the first time it saw the light in 2009. A developer (or a group of developers) under the pseudonym Satoshi Nakamoto published the source code of his creation, after which it began to spread rapidly across the World Wide Web.
Initially, the bitcoin rate was equivalent to the dollar rate, but over time, due to increasing popularity, it began to grow and reached $ 800 per bitcoin. And this is already quite an impressive amount, and those who managed to earn without investing bitcoin 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 the collapse of the currency, others - on the contrary. And still others even consider it a global financial pyramid. You can learn more about the history of the currency on the official website bitcoin.org. How to earn the coveted coins, this site, unfortunately, will not tell.
Currency Features
Before you learn how to quickly earn bitcoin, you need to understand what this currency is. After all, understanding the principles of work will allow you to extract it more efficiently. So here are a few features:
- Bitcoin is not backed by any circumstances. This means that he is not debt free.obligation, like ordinary money. The price for it directly depends on demand. The larger it is, the higher the value of the currency. To make it easier to understand, we can draw a parallel with precious metals: as long as there is a demand for them, they will be in price. That is, theoretically, bitcoin can fall to zero. Therefore, everyone interested in earning this cryptocurrency should provide the system with new "miners".
- Bitcoin does not have a single center. All payment system data is stored by the owners of the currency. And the rate 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 emission of which into the network is 25 times every 10 minutes. These coins are distributed among the miners, which means it makes sense to keep powerful hardware in order to get a larger share of the minted units. The emission is halved every 4 years, which ensures a permanent increase in the price of the currency - the system has a deflationary structure. However, once all bitcoins have been mined, they will be distributed among the owners, thanks to which the history of the system will continue.
- As noted above, the anonymity of the use of the currency. Despite the fact that any transaction can be traced, it is not possible to recognize its subscribers, since bitcoins belong simultaneously to everyone who uses them.
- No transfer fees. This is explained quite easily. Since there is no single center, there is no need to pay for its work.
Knowing these features,much easier to understand how to earn bitcoin.
Currency Disadvantages
Like any system, the Bitcoin project has a number of shortcomings, not too serious, but still they are. Firstly, the absence of a single regulator does not make it possible to cancel currency transactions. This can be used by scammers. The second disadvantage is the complexity of the application. Cryptocurrency is an extremely extraordinary thing that completely changes the concept of money, so for many it is a dark forest. The third and probably the most significant drawback is the risk of becoming a banned currency. A number of states have already taken this step, wanting to fully control the economic situation. Bitcoin is an anonymous currency, which the government is actively fighting due to the impossibility of tracking financial transactions. This creates a very fertile ground for scammers. Nevertheless, more and more people are using bitcoin in their calculations. How to earn this currency, consider below.
Ways to earn bitcoin
There are several ways to earn a lot of bitcoin. To begin with, we will list them, and then we will analyze each separately.
- It's quite easy to get them with the help of so-called faucets - special services that distribute bitcoins for free. How to earn? The program by which they are mined, unfortunately, has not yet been created, so it will not be possible to automate the process. By the way, it's not worth it.
- Bitcoin mining, or mining. Automatic earningsbitcoins using the power of a computer.
- Foreign exchange trading. Automation of this process is also impossible, but it brings tangible profits in a fairly short period of time.
Make money with faucets
This type of production appeared relatively recently. It is not worth dwelling 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, having guessed the captcha, to play and receive a reward in the form of bitcoins. However, their number is so small that it will take a long time to earn at least half of one bitcoin. You can ask a logical question: "What is the benefit of faucet sites?" After visiting, the question will disappear by itself - they are literally crammed with advertising banners.
Earnings on mining
This method is worth dwelling on in more detail, since it is the main one 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” who ensure the life of the system, as they create demand for bitcoin. How to make money on it? There are two options: independent mining and joining a pool. The first option is not very profitable, since it is unlikely that homethe computer will have the power to successfully “mine” bitcoins. But you will be accepted into the pool only if the car pays off. Therefore, many, in the absence of their own capacities, buy a share in the pool, which brings a constant passive income, depending on the size of this share.
Earnings on the stock exchange
There are two ways here: either invest in bitcoins and wait for the rate to rise, or actively speculate on minor fluctuations. Both methods have the right to exist, however, a certain start-up capital may be required. Nevertheless, a competent game can bring good profits, which may well become a source of permanent income.
How to cash out bitcoins
So, we figured out where you can earn bitcoin. Now we need to figure out how to use them. If you plan to continue working in this industry, then the best way is to invest your money in mining pools. Payments are also made in bitcoin and do not require conversion. If, nevertheless, there is a need to use these funds, then you can resort to the services of numerous exchangers, and then operate with ordinary money. By the way, some services already accept bitcoins as a settlement currency.
The future of bitcoin
There are several opinions about the continued existence of this cryptocurrency. Experts believe that the exchange rate will gradually rise due to the limitation of emission. Due to this, the currency will cover a wide segment of the market. Somebelieve 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 rate 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 in this. You just need to show patience and a little ingenuity. Paradoxically, bitcoin is a currency that came out of nowhere. Therefore, it is available to everyone who wants to receive it.
