How do you earn bitcoins?

Bitcoin is the latest buzz in the world of digital currency at the moment and those who see its significance from a permissive outlook, they go for it because they know it that through this magical currency they can make money faster and become rich. Well, I am sorry to burst that bubble, but to be honest; Bitcoin is like any other currency out there. Like there is no easy way to make money, similarly, there is no other or magical way to gain cryptocurrency or Bitcoins too.

However, cryptocurrency may open up a new method of earning, but the basic rule that applies on any investment, remains the same. You need to invest some time or money to make bucks. In addition, this is a fact that Bitcoins or cryptocurrency are not for a layman. It means you should go for it only when you have a sound financial background as well as substantial knowledge of this highly unstable currency.

Following are some of the points you can go through to know how you can earn bitcoins −

Bitcoin Mining

Mining is one of the most popular ways to get Bitcoins. Almost a decade ago, lucky miners who managed to solve a hash puzzle using their computational resources would get a reward of 50 BTC. The reward is becoming half in every 4 years and at present, miners get 12.5 BTC for every block. Despite getting such a captivating sum, a few troubles come in the way.

The trouble of hashing is the most significant. To go for bitcoins, you need dynamic computational setup and power. Mining is not so profitable, due to the requirement of constant upgradation of systems and soaring electricity bills. It gets feasible if miners assemble into pools and put all their resources together. But still, they have to share the reward.

Work for Bitcoins

If you do not go for mining, you can search for work and earn Bitcoins out of it. You can find number of services that will give you an opportunity to work for cryptocurrency. Check out Coinality or you can go to /r/Jobs4Bitcoins on Reddit or even you can try some freelancing opportunities who pay in Bitcoins.

Moreover, there are Bitcoin startups and companies such as Overstock, which gives an alternative to pay in this currency. Soon the whole arena will widen up as soon as people are more willing to accept it as a normal currency.

Offer Your Services

Another way to make Bitcoins online is that you can exchange your products or services and accept Bitcoins in return.

Earn Bitcoin Online

There are a few ways through which you can make Bitcoins, and they all belong to different arenas. You require completely varied set of skills to earn them there. For instance, gambling or trading. Yes, you read it right. You can earn it by playing a gamble or putting your hand into trading. Both, undoubtedly, involve a lot of risk. However, at one hand, gambling is all about luck, and trading demands a certain amount of industry knowledge.

Updated on: 30-Jul-2019


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