Where can you earn Bitcoins?

2017-05-18 00:00:00:

The question of where you can earn Bitcoins excites the hearts and minds of millions of network users. This is not surprising, because the world of cryptocurrency provides a lot of new opportunities that allow you to make a profit without an initial investment. Since the appearance of virtual coins in circulation, many options for making a profit have been developed - from classic mining to trading on the exchange. The main thing is that each of the options is good in its own way. So what is cryptocurrency? Is there such a thing as earning Bitcoins for free? What are the features of this or that option for making a profit.

Earning Bitcoins: It All Starts With Theory

It is important to understand that earning Bitcoins always starts with the theoretical part. The user must understand what kind of currency it is, what is its essence, what options for making a profit will be most in demand. There is no mystery here. Bitcoin is a unique cryptocurrency that exists and is used only on the global network. Its features are the absence of any control, decentralization and release, thanks to the work of millions of computers on the planet.

Many people note that passive bitcoin earnings are somewhat similar to making a profit from working with classic electronic money (Yandex.Money, WebMoney, and others). But it is not so. Bitcoins capabilities allow you to buy anything for this currency - euros, dollars, rubles, and so on. Unlike conventional electronic currencies, cryptocurrency is decentralized, that is, it exists on its own. She doesnt care about controlling structures, banks, tax police and other organizations. That is why millions of users emphasize that one of the best types of online commerce today is earning money on Bitcoins and have high hopes for it.

A certain Satoshi Nakamoto acts as the creator of the cryptocurrency. It was he who was the first to propose and implement an electronic system based on mathematical calculations. Satoshis idea was to ensure any transactions with the lowest fees and the fastest turnover. As the seven-year practice of using new coins showed, Nakamoto managed to realize his plans. At the same time, society still does not know who this person is and whether he really exists.

Many people ask the question, who prints the cryptocurrency, what structures are involved in its emission. This is the peculiarity that nobody. Thanks to decentralization, the structure lives its own life, and the regulation of the number of coins depends on other factors. For this reason, everyone can earn Bitcoins for free. Already at the initial stage of the emergence of cryptocurrency, such a direction as mining became popular, in which computing power is used to extract coins. In the course of a transaction, the transaction is processed using the same network, which ensures the independence of the system.

Do not think that you can earn an infinite number of cryptocurrencies. To reduce the risk of inflation, Satoshi has provided for a certain limit on the maximum volume of coins, which is 21 million. It should be borne in mind that for convenience, each Bitcoin is divided into one hundred million coins, each of which is called "satoshi" (in honor of the creator).

Progressive netizens understand that one of the ways to arrange the future is to make money on Bitcoins, and step-by-step instructions in this case will come in handy (options and features of earning a cryptocurrency are discussed below). But here it is important to understand that ordinary money is backed by something (precious metals, GDP, and so on). As for Bitcoin, this cryptocurrency is not backed by anything - it is about ordinary mathematics. At the same time, each person can download the source code to a computer and figure out what the principle of the cryptocurrency is.

Meanwhile, decentralization is not the only plus of cryptocurrency. This kind of money is easy to manage. If you have to lose more than one hour of personal time to open an account, then in the case of a cryptocurrency, five minutes are enough to open a wallet. After that, you can decide on a suitable option and organize earnings on Bitcoins in Russian. At the same time, an important plus is the absence of a commission, which makes the use of virtual money even more profitable.

In addition, the cryptocurrency is confidential and, at the same time, completely transparent. Any user can create dozens of addresses, which allows them to "cover up" any, even the largest transaction. At the same time, the history of completed transactions is stored in the network as a chain of blocks. This means that anyone can find out how much cryptocurrency a particular user has in his account. At the same time, it is impossible to find out the identity of this person (if he himself did not provide the necessary information).

Many are interested in where you can earn Bitcoins for another reason - due to the high speed of transactions and the absence of any restrictions. With cryptocurrency in hand, you can conduct almost instant transactions towards users who may be in different parts of the world. It should be borne in mind that transactions are irrecoverable. This means that by sending money, it will not be possible to return it back.

Where you can earn Bitcoins: the main options

Above, we discussed the benefits of cryptocurrency that make it tempting for millions of network users. It remains to figure out whether there is bitcoin earnings for free, what are the features of each of the options, and what profit can be expected in the future. Lets highlight the following directions:

Mining. If translated literally, this word means the extraction of metals. With regard to the cryptocurrency system, we are talking about obtaining Bitcoin by using the power of a computer. It should be noted that mining is not an easy task and requires certain skills from the user. Such bitcoin earnings implies the presence of certain investments associated with the purchase of high-quality equipment and increasing the overall capacity of the PC. In addition, the miner himself must have a certain amount of knowledge that allows him to perform certain actions on the network.
Below are the features of such earnings on Bitcoins and step-by-step instructions for it:

Create a wallet in the system, then go to the tab for creating your address. The number of addresses can be any - the main thing here is not to get confused during the subsequent transactions. It is desirable that each received address has a personal tag, which will allow you to accurately determine the belonging.
Stock up on quality work equipment. In order for the best bitcoin earnings to generate income, it is worth installing a high-quality video card. Many users continue to work with only the capabilities of the processors. But this approach is irrational and leads to excessive consumption of electrical energy. To optimize the earning process, you should immediately buy a quality software - a driver. For example, it could be AMD APP SDK.
Select a suitable pool where cryptocurrency is generated and join it. If earlier the single mining of Bitcoin gave at least some results, today this approach is useless. The essence of special pools is to unite people with the same interests. Each participant is looking for blocks, after which the profit is divided among themselves. Many believe that this is passive earnings of Bitcoins. Actually this is not true. To achieve results, you have to work and constantly be in business.
The advantage of working with a pool is the possibility of making a profit even without registration. Many associations "allow" new users to visit them without entering personal data. This allows you to test the capabilities of the pool and, if desired, exit it.

Go through the registration process (this option is preferable). After authorization, access to statistics opens, the number of ways to withdraw personal funds increases, and additional functionality opens. To create a personal account, it will be enough to enter an e-mail address and come up with a strong password.
Download a special program with which the work will be carried out. It could be the famous Miner or CGviner app. After downloading the software to your computer, it remains to unpack the archive, open a text file and put the start line in it. When doing this, be careful. When performing such manipulations, you should immediately change the administrators address to the name of the "miner" in the pool. Then the new file is named run.cmd, and the document itself is saved in the program folder.
All that remains is to join the pool. In order to earn Bitcoin for free, it is important to keep busy and work around the clock.

It should be noted that in order to increase the overall productivity of work, it is worth purchasing high-quality equipment in various modifications. At the same time, you should not wait for an instant payback. On average, it is possible to recoup costs in 3-4 months and only in the best case. Much depends on the activity of the miner and the quality of the pool he has chosen.

Such earnings on Bitcoins, as a rule, are organized in Russian, so it will not be difficult to figure out the basic basics. At the same time, it is worth considering a number of important points:

When buying equipment, give preference only to reliable sellers who are responsible for the fulfillment of the assigned tasks.
In the buying process, consider the risk of increased complexity.
After obtaining the required equipment, you will have to spend some time on setting it up. This can be done using the information on the selected pool site.
Withdrawing Litecoins and other forks is also possible, only to carry out such manipulations will have to suffer.
It is better to exchange the received cryptocurrency for Bitcoins or immediately work with them.
Cloud mining. Considering the question of where to earn Bitcoins, one should not forget about a more efficient "offshoot" - cloud mining. In fact, this method of making a profit is similar to what was described above. The only difference is that not personal equipment is used, but the technique of special services. Thanks to this, you can save money on the purchase of equipment. If we take a closer look at this earnings on Bitcoins, the step-by-step instructions will look like this:
Searching for a suitable cloud mining service.
Making payments and getting access to equipment for a certain period.
Receiving money and withdrawing it through exchange platforms or special exchange online resources.
The advantages of this technique are obvious - an affordable price, no hassle with the purchase of expensive equipment and its repair (maintenance), receiving cryptocurrency immediately after paying for the rent, and so on. But along with the pros, it is worth highlighting the disadvantages of such bitcoin earnings. So, it will no longer be possible to get additional profit on the sale of equipment to another miner. In addition, there is always a risk of losing honestly earnings in the event of problems with the cloud service. Also, with this option, earnings will have to endure certain costs. Therefore, if you are looking for options for earning Bitcoins for free, then this method will have to be postponed or, at least, you should be very careful when choosing an online platform.

Buying Bitcoin for storage. In fact, we are talking about investing capital, that is, buying a cryptocurrency with the aim of selling it and making a profit. The main danger is that it is difficult to predict the results of such actions due to the volatility of the exchange rate of coins. The bottom line is to buy a certain amount of Bitcoin and keep the funds until the price rises with the subsequent sale. If youre lucky, you can hit a big jackpot, practically doing nothing. In fact, this is passive earnings of Bitcoins, which, with knowledge of the market and the ability to predict its behavior, can guarantee a stable and serious income. The calculation is based on the fact that the value of the cryptocurrency is only growing over the years. This is due to an increase in the complexity of mining and a gradual approach to the maximum emission limit. The only thing is that you should not count on the result right away - this way of making money belongs to the category of long-term investment.
Work on the stock exchange. Many people believe that the best bitcoin earning is trading cryptocurrency on special exchange platforms. This option is considered the most popular among many users and is promising in terms of the amount of profit. The principle is the same as described above. Only the purchase / sale of cryptocurrency is made in tight time frames. An exchange participant plays on the difference in rates and makes a profit from transactions with Bitcoin. The only thing is that you cannot earn Bitcoin for free in this case without investments - you must have a certain capital on hand. Trades are conducted using a special program that allows the participant to track current rates online and quickly respond to price changes. Here everyone chooses for himself which exchange platform is most suitable. The language factor is also important. So, for residents of the CIS, earning on Bitcoins is convenient in Russian. Accordingly, it is necessary to look for suitable resources. The work algorithm is as follows:
Registration on the exchange floor.
Account replenishment and purchase of cryptocurrency.
Making purchase and sale transactions and making a profit.
Withdrawal of the received profit through exchange services.

If you have sufficient experience, you can conduct arbitrage trading, which implies working with several exchange platforms at once. The main thing here is to notice the discrepancy between courses on different sites in time and take advantage of this opportunity. At the same time, it is important not to convert into US dollars, but to buy coins with the lowest exchange rate. With the right strategy, you can earn, without much straining, up to $ 300-500 per month.

Other options. In addition to the above methods, it is worth highlighting the earnings of Bitcoins on special faucets and rotators that pay rewards to users simply for visiting the resource. But here you can count on profit only when working with several sites at the same time.
It is possible to earn Bitcoin today. The main thing is to decide on a suitable option for making a profit, delve into the topic and believe in yourself. Good luck to everyone and stable high incomes!