Bitcoin has recently gained a lot
of awareness from the press, due to its exponential price growth. People from
all over the world are beginning to use the digital currency, looking to strike
it rich, or simply take advantage of its unique features.
Scrape Bitcoin faucets
Bitcoin faucets have played an
essential role in the history of Bitcoin. Faucets are websites which
automatically dispense free BTC to a user who enters his or her Bitcoin
address. This is an ideal way for newbies to get a small amount of BTC for
free.
There are many different faucet
websites, each with its own unique features. For example, some websites require
players to complete a simple game, instead of solving a boring old CAPTCHA. A
number of
Bitcoin casino sites
give out coins which can be used to bet on a dice roll or sports event. You
could potentially earn a lot more from these sites, compared to regular
faucets.
Mine Bitcoin
Mining is the process of
generating Bitcoins through solving computationally-difficult problems. It also
serves the purpose of confirming transactions, which secures the network. In
layman’s terms, this simply means that you can use computers to crunch numbers,
and earn BTC as a reward.
Bitcoin mining is actually a lot
harder than it sounds. In 2009, when the virtual currency was first released,
you may have been able to mine hundreds of BTC with any regular computer
effortlessly. Today, miners employ specialized devices in a race to earn the 25
BTC block reward. In fact, the Bitcoin network is around
256times faster than the world’s top 500 supercomputers combined.
So is it possible for ordinary
people like you and me to take part in the Bitcoin gold rush? The answer is
simple. You can join a mining pool to work with other miners, and then split
the reward based on how much computational work you did. USB-powered mining
hardware, such as the ASICMiner Block Erupter, are readily available, and
affordable to the average Bitcoin user. Although there is a chance that you
won’t make back the money you spent on purchasing hardware, you will still
learn how Bitcoin works, and earn some extra money along the way.
Sell goods and services
Instead of simply purchasing
Bitcoins on an exchange, you can also earn it through selling useful items and
services to the community. If you’d like to sell something, you should consider
accepting Bitcoins, instead of simply listing the item on eBay. Even a number
of Subway shops now accept BTC as payment.
One of the key features of
Bitcoin is that it allows you to send and receive money from anywhere in the
world. That means that you could make money by providing useful services to
international customers. If you are skilled at a particular job, such as
programming, or graphics design, you could earn a good amount of Bitcoin doing
freelance work.
