23.08.17 251 113 0

What are Bitcoins

And is it possible to make money from them?

Since the beginning of 2017, Bitcoin has increased in price by 4 times.

Money that does not exist is worth more than oil and gold. I'll tell you how you can make money on this.

Antonina Asanova

I tried trading bitcoins on the exchange

In May of this year, I tried trading bitcoins. In 2 weeks I earned 30%. Then I lost 15% in a month. While this article is being prepared, I may trade 15% again, or I may lose even more.

Trading cryptocurrency is a risky business. Here's what you need to know if you're a risk taker.

ATTENTION

What is Bitcoin

Bitcoin is digital money. This currency does not physically exist, there are only special registers that keep records of how many bitcoins someone has and who transfers them where. These ledgers are called blockchains.

This is similar to how cashless payments in banks work: when you pay with a card in a store, you also do not transfer any physical money or gold to anyone. Your transaction is simply recorded somewhere in the bank register.

Bitcoins differ from regular currency in that registers are not stored centrally in banks and payment systems, but simultaneously on all computers that are occupied with bitcoins. Anyone can with all the bitcoins in history.

The registries are protected by cryptography. It is impossible to fake them for everyone at the same time. It is impossible to rewrite data in blocks and say that someone now has millions. Bitcoin is quite secure in this sense. True, there is already an attack that allows you to pay twice with the same bitcoins, so it is impossible to say that bitcoin is absolutely safe.

Where do bitcoins come from?

Regular currency is issued by the government. It is very indirectly connected with gold reserves, but in fact it is not connected with anything - as much as the state needs, it will print as much.

Bitcoins are not associated with any one state. New units of Bitcoin are created as computers on that payment network serve the needs of that same network.

For example, somewhere in China a person paid for pizza with bitcoins. This operation must be recorded in the registries on all computers connected to the Bitcoin network. To record a transaction in the register, you need to seal it with a special signature, like a wax seal. This signature needs to be calculated, which is a complex computer task.

Somewhere in Venezuela there is a computer that services the Bitcoin network. He just figured out this cryptographic signature. As a token of gratitude, the owner of this computer receives a reward in the form of a bitcoin penny.

For a Venezuelan who has set his computer to the mode of calculating cryptographic signatures, it looks like this: his computer is rustling something, and bitcoin pennies are dripping into his account. The computer appears to be mining bitcoins, although in reality it is simply encrypting and sealing other people's transactions. This is called mining - like “mining” bitcoins.

In fact, it is not the bitcoins themselves that are mined, but sealing wax to protect the ledgers. Bitcoins - this is a reward for service.

Mining is a separate big topic. In a nutshell: the equipment is expensive, efficiency is low, and you will have to compete with megawatt Chinese mining clusters that are built on the basis of power plants. We will write a separate article about mining.

Why do we need Bitcoin?

Cryptocurrency allows you to transfer money under a pseudonym and without the participation of banks. This is relevant for transactions with people and companies from countries outside the CIS.

For bitcoins you can buy an Airbaltic ticket or a Dell computer. You can even donate funds to a Buddhist temple in Seoul.

Where Bitcoins are accepted for payment - map from Usebitcoins.info

Bitcoins are traded on the exchange and money is invested in them.

Since 2015, Bitcoin has risen in price from $200-300 to $4,000 and continues to grow. This has made cryptocurrencies interesting for investment and speculation.

Success stories fuel interest. In 2009, Norwegian student Christopher Koch randomly bought $24 worth of bitcoins. He remembered the investment 4 years later, when his fortune reached 885 thousand dollars. And I bought an apartment in Oslo with part of the money invested.

Bitcoin wallets are used for transfers and payment for services. They store digital keys required for transactions. If you lose private key, then the money will be lost forever. They cannot be returned by calling the bank. The Bitcoin system has no single center or regulator.

Under a pseudonym is not anonymous

Bitcoin transaction registers contain the entire history of transactions for all times across all wallets. If you bought something bad for bitcoins, and then somehow it became known that this wallet was registered with you, then an interested person will be able to see all your transactions.

For example, if you bought a plane ticket for bitcoins and indicated your personal data when paying, then the interested intelligence agencies will already be able to identify you.

There are, of course, means of completely anonymizing payments, but they are expensive.

It is legal?

The Central Bank and Rosfinmonitoring warned against the use of bitcoins. At the same time, the State Duma is preparing a bill that would legalize the purchase of cryptocurrencies for use abroad and trading in bitcoins.

Until the government regulates the circulation of bitcoins, banks and other companies cannot sell them. Cryptocurrency exists in the world of the dashing nineties. They can be purchased from individuals, online exchangers or trading exchanges.

Important clarification

We provide a basic scheme for buying and selling bitcoins through an exchanger and stock exchange. All examples are in rubles, to make it clear.

There is no universal way. If you have your own recipe for trading cryptocurrency, come in the comments.

How to buy Bitcoin through an exchanger

Internet exchangers work on the same principle as street ones that exchange euros and dollars. They buy bitcoins at a price below the exchange rate, and sell them at a higher price. They make money on the difference.

There are many popular exchangers: Bestchange.ru, Okchanger.com, Localbitcoins.net. There you can exchange rubles for major cryptocurrencies.

I compared the rate on different platforms and chose Localbitcoins. Buying cryptocurrency took 10 minutes. It took another 20 minutes for the bitcoins to arrive in my wallet.

How to use. Enter in the search the amount for which you want to buy bitcoins. We choose the lowest rate and suitable payment method. Most often, exchanges are offered to Sberbank and Qiwi account holders.

If the seller agrees to the deal, he reserves the required amount. When you transfer rubles to him, he will send bitcoins to your wallet. Now you can buy something or transfer coins to a more secure wallet on your PC or flash drive.

Minuses. The rate at exchange offices is very high.

Commission. Localbitcoins charges a withdrawal fee of 0.00039629 BTC. I invested a thousand rubles and received bitcoins worth 826 rubles. Transactions absorbed 17.4%.

For larger amounts the commissions are lower. You can negotiate individual terms with exchangers.

No one regulates the exchange market on the Internet. No one guarantees the security of transactions. If in doubt, do not transfer money or try to exchange a small amount first. Take into account the huge commission of exchangers when purchasing goods or investing money in bitcoins.

How to buy Bitcoin through an exchange

Exchanges are online platforms for trading cryptocurrency. Sellers and buyers of bitcoins meet there. If there are more sellers, the rate falls. If there are more buyers, it grows.

To register on a small cryptocurrency exchange, all you need is an email address. Large sites require you to enter your name, address, date of birth and telephone number. The larger the amount you change, the more personal data you will have to disclose.

At the end of July, the largest exchange that worked with rubles, Btc-e.com, closed. There are smaller exchanges left: Exmo.me, Livecoin.net, Cex.io. When choosing, pay attention to two points: the currency sale rate and the money input system. Some exchanges accept Yandex Money and Qiwi.

If you need to exchange several thousand dollars, choose a large exchange. Smaller sites may not have enough sellers. The most significant exchanges are Bitfinex.com, Kraken.com, Bittrex.com.

We write not only about digital money, but also about other investment instruments, ways to save on common things and accumulate a financial cushion.

Subscribe to T-Z VKontakte so as not to miss articles

My experience. The Eksmo exchange suited me. I transferred rubles to her through Qiwi. Although this method has now been eliminated. It took almost 2 hours for the money to arrive on the exchange. Transfer to Bitcoin is instant.

How to use. First, we top up our account on the exchange. We put rubles on online wallet. On the exchange website, click the “top up in rubles” button. We choose a payment method, amount and transfer money.

We transfer rubles to the Eksmo exchange

Now let's buy bitcoins. On the exchange website, select the bitcoin-ruble currency pair. Find the block “Purchase, BTC” and enter the required amount.

Minuses. Exchanges sometimes block withdrawals for 1-2 days after replenishing your account. This is explained by the rules of payment systems. Information about blocking is indicated on the money entry page.

Commission. Exchanges charge 4-6% for entering rubles. Exchanges also charge a commission on each transaction. As a rule, this is 0.1-0.3%. There is also a commission for withdrawing bitcoins - 0.001 BTC. As a result, out of a thousand, 805 rubles remain.

You can save money if you use a dollar or euro card, as well as register with the international payment systems MoneyPolo or ADVCash and top up through them. In this case, exchanges can credit funds without any commission at all.

To choose the most convenient and cheap way exchange, you will have to register on several services. Decide in advance where you will write down your passwords.

Anonymous methods of depositing and withdrawing money are more expensive than legal ones and much riskier. Using bitcoins is like walking down the street wearing a mask, but with transparent pockets. The system does not reveal the owner of the wallet, but all transactions are recorded on a public blockchain. Sometimes government agencies manage to link Bitcoin wallets with real people by IP address or delivery addresses of purchases.

To achieve anonymity, users transfer money several times between new Bitcoin wallets, use anonymous network Tor and Bitcoin mixers - for example Coinmixer.se. In the mixer, transactions from different users are split and mixed. As a result, it remains a mystery who transferred how much and to whom. The service costs 1-3% of the amount.

On Localbitcoins and forums you can find a person who will exchange bitcoins for cash. It is also almost impossible to track them. However, this method of exchange is very risky: on forums you can stumble upon scammers and be left without money.

How to sell bitcoin

Let's say that since you bought bitcoins, their rate has increased so much that it has outgrown all your costs for commissions and transfers. It's time to sell bitcoins and take the money you earned. In this situation, you can use exchangers again or withdraw money through the exchange.

Experience. I am withdrawing funds from the Eksmo exchange to my card. Of all the withdrawal methods, I choose the cheapest one - the Capitalist.net service. Transferring from the exchange to the card takes less than a minute.

How to use. Register with Capitalist. In the exchange wallet, select the withdrawal of rubles and enter the “Capitalist” account number. Then we transfer the money to a Visa or MasterCard card.

Commission. You can transfer bitcoins to an exchange wallet without commission. “Capitalist” charges 2.5% for transfers to a card.

Do not transfer bitcoins before they send you rubles for them. Bitcoin transactions cannot be reversed.

How to make money on bitcoins

On the Internet you can find many training videos, blogs and forums that promise an income of 20% per month. General meaning: buy bitcoins at the minimum rate with minimal commissions and sell at the maximum rate, but also with minimal commissions.

It seems that trading currencies is simple, but you should not take risks right away. The Bitcoin exchange rate changes very quickly and dramatically. First, try trading with an amount that you don’t mind losing. When you can earn money consistently, you can play big.

There are the least risks when trading with a trend. To do this, you need to deposit money on the exchange, wait for the moment when the rate has fallen and is just starting to rise. And then buy bitcoins and wait for the rate to reach its peak. With this strategy, it is safer not to store bitcoins on the exchange, but to transfer them to a separate wallet.

Trading on the stock exchange is work. Players constantly monitor exchange rates and check with Chinese exchanges. To avoid missing rate fluctuations, you can download the Bitcoin Paranoid app. As soon as Bitcoin starts to fall or rise, the alarm will go off. Bells can be placed on Bitcoinwisdom.com.

You can also earn money from ICO. Initial Coin Offering is an analogue of crowdfunding or going public. You are investing in new company, a startup, and for this you get tokens - something like shares. If you are lucky and the company grows, you will receive income.

At the time of writing this article, the ICO procedure, like many other things in the field of cryptocurrencies, is almost unregulated and not protected in any way. Companies can launch an ICO without a product or a real business, just to collect money from investors and ride off into the sunset. Therefore, invest in companies at your own risk.

They are also investing in new cryptocurrencies. In addition to Bitcoin, there are several hundred of them. Monero exchange rate for Last year increased 40 times, from 14 to 585 dollars. Ethereum and Dash increased in price by 17 times.

Investments in ICOs and new cryptocurrencies are high-risk. To assess the prospects of a startup, you need to understand blockchain technologies and business.

Remember

1. Cryptocurrency is a risky business. Bitcoin is still not beyond the scope of the experiment. It is not legalized in Russia. No rights of yours are protected here.
2. Take care to protect your wallet and save your passwords securely. Lost keys cannot be recovered.
3. Check out the service fees before transferring funds. Transactions can eat up 10, 15, and even 20%.
4. Do not transfer bitcoins until you confirm that you have been transferred currency for them. Cryptocurrency transactions cannot be cancelled.
5. If you store money in bitcoins, monitor its exchange rate.
6. Start trading with an amount that you don’t mind losing.
7. Professional Bitcoin trading is a full-time job. If someone promises guaranteed income without effort, chances are that someone will make money for you.

Only 17 incomplete years have passed since the beginning of the new millennium, and now we can say with confidence that the 21st century will leave the twentieth century far behind in terms of technical innovations, both in their quantity and in quality. But just recently the past century was considered almost a phenomenon in terms of the pace of technological progress.

The innovations of our days have not only touched sometimes the most unexpected areas of life, but are also revolutionary and unusual. However, like modern society - free, unexpected in its manifestations, active and innovative.

If we take the financial sphere, and it interests us in the first place (after all, we are talking about earnings), then the most a prominent representative The new technology here is undoubtedly the digital currency bitcoin. This word is probably familiar to many of our readers, and they have heard something like this, but it is unlikely that many can clearly formulate what it is and how these same bitcoins can be earned (after all, this is money, which means there must be a way to earn it ).

So, meet Bitcoin (bitcoin, BTC or just cue ball)

Bitcoin (known as cue ball on the Internet) is a digital currency or electronic payment system, one of the types of cryptocurrency.

The topic of such a currency, so to speak, was in the air until it finally took shape in 2007 into a concrete idea. The history of its creation is very vague and ambiguous. The most common version says that Bitcoin (its source code) was created by a certain Satoshi Nakamoto, in whose honor the components of Bitcoin - Satoshi - got their name. But no one knows who exactly is hiding behind this name - 1 person or a whole group of programmers.

Be that as it may, after 2 years of development, in 2009, the source code was presented to the general public and from that moment the life of Bitcoin began. By the way, within a few years there were dozens of varieties of cryptocurrencies.

This currency is exclusively virtual, it cannot be seen, touched or held in your hands, that is, it is not present anywhere in physical form. It is used only on the Internet, which gives it some features that distinguish Bitcoin from the money we are used to.

Bitcoin Features:

1. This cryptocurrency does not have any material backing and its value is determined only by the level of demand from users. It's like the price of gold. While people want to get it, it's expensive. And what more people strive to acquire gold products or bars, the more expensive they can be sold. But imagine for a moment that everyone suddenly lost interest in this precious metal. How much will it cost? Probably at the level of any other metal from which a pot or frying pan can be made. But you can’t even make a frying pan out of Bitcoin, so if demand disappears, its price may simply go to zero.

But until this happens (and will it happen at all), no natural, financial or political factors can influence the value of bitcoin.

1. The next feature is the absence of a single center or regulator (like central banks in each country), that is, there is no one to determine the volume of cryptocurrency production, influence its exchange rate, etc.
2. Number of Bitcoin units (coins) programmed source code and amounts to 21 million. In addition, the frequency of release of new units has been determined. Today this is 12.5 coins every 10 minutes. The dynamics decrease by 2 times after 4 years. This means that sooner or later (presumably in 2033) the issue of the cue ball will be stopped. And this, naturally, causes its cost to increase.

But the payment system will not stop developing with the completion of the coin issue, since the technology provides for the division of the coin (after the decimal point to the eighth digit).

Disadvantages of the system:

1. Such a feature of the cue ball as the absence of a regulator (single center) is a significant drawback, since it excludes the cancellation of completed operations.
2. The next problem is the technological complexity of cryptocurrency. All this electronic system too confusing and incomprehensible to a simple user, far from the latest developments. Therefore, the conquest of bitcoin to a wide audience is still going on at a snail’s pace.
3. Well, like any anonymous currency, bitcoins run the risk of being banned by the governments of most countries. Most likely, this will happen someday, especially since shops have begun to appear online that sell drugs and weapons for bitcoin. The ban will cause the exchange rate to fall, but will not destroy the system as such. Rather, he will drive her underground. After all, there will always be users striving for complete anonymity.

The question is logical, but no one except you can answer it. We can only present some thoughts on this matter.

Digital currency can be used as a unit of payment when purchasing any goods (services), as a store of value, or for stock market speculation.

As for the first use, we are much more accustomed to paying in cash or by bank card, and bother with some new, confusing and not entirely clear digital technology to buy a sofa, it seems like there’s no need. Old enough good ways, and to master something that is still unknown how it will show itself in the future (and does it even have a future?) is only a waste of time.

This is on the one hand. But there is another one. Think back to a couple of decades ago and remember what you understood about a computer then, and how realistic did the prospect seem to you that it would be in almost every home, and even preschoolers would be able to use it? So no one can say today that after some time Bitcoin will not become a convenient and accessible electronic financial system with many advantages over the banks we are used to.

Now about Bitcoin as a way to save for a rainy day. Many experts pay attention to the high volatility of the cue ball, which may well turn hundreds of dollars invested into it into tens. But on the other hand, the exchange rate can not only fall, but also rise. By the way, on the Internet, if you wish, you will find many stories about how people who spent several tens of dollars on Bitcoin at the dawn of its appearance, a few years later became owners of fortunes of hundreds of thousands of “American rubles” (immediately after the appearance of Bitcoin for 1 a dollar could buy more than a thousand BTC, but now 1 BTC costs more than a thousand dollars).

And finally, about how realistic it is to make money from buying and selling cue ball. Realistic, but difficult and risky. If you have strong nerves and at least some understanding of trading strategies, then serious experts in this field advise you to try it. In any case, the number and volume of investments in bitcoin are growing constantly, although perhaps not very quickly.

Here are the pros and cons. But in our opinion, what stops users, first of all, is the fear of the unknown and not entirely clear. So maybe, instead of being cautious and hesitant, it is better to try to understand and study this “unknown and incomprehensible”?

If we nevertheless accept as true that earning bitcoins is necessary and useful, then a logical question arises - where and how can this be done?

There are more than enough resources on the network where you can start earning bitcoin without investment. They are called bitcoin faucets. These sites differ in interface convenience and efficiency, so we will only talk about those that we are confident in and can recommend to you with a clear conscience.

I would like to immediately note that it makes sense to do this business if you work on at least 2 dozen sites at once. For convenience, it is better to open them in separate browser and you need to connect immediately sound notification, which signals that the issuance of satoshi has begun. Then you won’t have to be on duty at the monitor - after hearing the sound, it will be enough to sit down at the computer for 15-20 minutes, collect bitcoin cents and go about your business again.

For effective earnings there are cue balls various ways. We will look at the main ones, first dividing the faucets into categories, since each category has its own characteristics and nuances:

1. Satoshi distribution at intervals of 60 minutes. In this category, I would like to first highlight the site Freebitco.in. The faucet distributes from 262 satoshi once an hour. And although the minimum distribution requirement is not very high, there is an opportunity to get additional satoshis through bonuses, lotteries or roulette. Moreover, this addition is quite significant, sometimes reaching 2 bitcoins (they can be won in the lottery). By the way, the likelihood of receiving a good prize is directly affected by the frequency of Satoshi withdrawals.

The second bitcoin faucet that I would like to mention is Freebitbox.com. The mechanism for receiving cue balls here is the same as on the previous site, but up to 400 coins are distributed. But in the local lottery the main prize is more modest, and to participate in it you need to purchase a ticket.

Faucets that distribute coins hourly include such promising resources as Lead-in.info (500-1000 coins every hour), Battlebit.co.in (90-20000), BitcoinX.co.in (up to 20000).

Youbit.su generously and consistently distributes Satoshi. Every 2 hours here you can collect from 5 hundred to 5 thousand coins.

Of course, this is not at all full list, it can go on and on. Many bitcoin faucets in this category bring in less income, but are quite suitable for expanding your earning opportunities, so you shouldn’t neglect them.

1. Sat collection time is 15 minutes or less. The interval in the distribution of Satoshi by faucets from this category ranges from 1 minute to 15. That is, you can collect the “harvest” almost continuously and get quite a serious profit in 2-3 hours of work.

The site 777bitco.on is particularly generous in this category, where up to 6,000,000 satoshi are distributed every 15 minutes.

Faucets such as Getyoubitco.in and Worldofbitco.in distribute 250 and 150 coins, respectively, every 5 minutes. And on CrocoCoin you can earn from 200 satoshi to 1 bitcoin.

There are sites where you can collect coins while playing. It takes a little longer, but, firstly, it is more interesting, and, secondly, the earnings are higher.

For example, on the Henbtc.com bitcoin faucet you can become the owner of a poultry farm. The chickens will lay you one egg every 6 minutes, which you can exchange for 100 satoshi. If you do not carry out this operation with one egg, then wait for 3 pieces, which will bring you 150 coins. Or accumulate 3 dozen eggs and exchange them for 2000 satoshi at once.

For lovers " sea ​​battle» The site Shipbattles.men is suitable. Here you can play every 10 minutes and thus earn coins. If you win a complete victory over your opponent, you will receive as much as 600 satoshi.

Bibobirds.com is another site that allows you to have fun while earning money. A game with a bird fluttering through the clouds is available every 10 minutes. Satoshis are hidden behind the clouds. But not everywhere, sometimes you get an eagle and then the game is over. On the Frogfaucet.com tap there is a frog instead of a bird, water lilies instead of clouds, but everything else is the same.

You can also note the site BoomFaucet.com, where you, crossing the road, will collect coins from each cell until you blow up a mine. You can also play once every 10 minutes. There is also roulette, a successful attempt in which will enrich you in the amount of 1000 and more.

1. Automatic satoshi payouts. There are Bitcoin faucets that automatically distribute satoshis, meaning you don’t have to periodically enter a captcha. It is enough to register on the resource, turn on the timer and log into the system as often as possible to withdraw a “harvest” of satoshi. If you prefer to accumulate more coins and only then withdraw them, then keep in mind that accruals fall over time.

It is recommended to add faucets operating on this principle in the maximum quantity (as much as the power of your computer allows), because this effective method increase earnings. The only thing bad about it is the short-term operation of such sites - about six months. Then you have to look for new ones.

A few more “fat” Bitcoin faucets

As you already understand, there is nothing inaccessible or labor-intensive about collecting satoshi. You need to go to the resource, watch a video, enter a captcha, wander around the site, etc. But sometimes advertisers clearly go overboard with advertising, it happens that the resource has an inconvenient interface or administrators complicate working with captcha by displaying completely unreadable pictures. Therefore, we decided to show you a number of faucets where you can easily and completely free earn bitcoins:

1. ClaimBTC. The project is relatively young, which did not prevent it from becoming a leader among similar resources. The pay here is good, the faucet operates uninterruptedly and allows users to harvest the BTC “harvest” 3 times an hour.

It is impossible not to note the attractive system of incentives and bonuses. Each of your visits will be rewarded with an increase in payments or will make them more frequent, and the most successful ones may get a jackpot and a lot of other pleasant surprises. If you are not too lazy to log into ClaimBTC every day, you can double your profits.

1. Moonbit. Unique site. Its exclusivity lies in the fact that you only need to come here once a day. After the captcha is entered, you can receive your satoshi and transfer it to your account. The counter is reset and the cue balls are accumulated in automatic mode. Not a bad affiliate program - royalties are 50%.
2. Bonusbitcoin. You can get rich here once every 15 minutes by first entering a captcha in a special field. Bonusbitcoin is distinguished from other projects by its one-of-a-kind bonus program. Every day the system rewards you with 5 percent of the amount you have accumulated. To receive the bonus, you only need to log into the site once a day. Affiliate – 50%.
3. Coinhd. Here, to collect satoshi you will need to watch a video. Videos from YouTube are built into the project. For watching them, you will be credited with Bit, then this item will be exchanged for Bitcoin and credited to your balance. By the way, the site provides the opportunity to promote own video, and cheaper compared to other offers. Many users like this feature and attract them to the project. There is also an affiliate program here.
4. Starsbit. The size of the one-time earnings here is such that this site would not be worth mentioning if not for the frequency of distribution. And they distribute satoshi here every 3 minutes. You need to enter the address, then spin the wheel, solve the captcha and pick up the BTC. And so on as many times as you can.

We don’t know whether this advantage will outweigh the obvious disadvantages in your eyes. Try it and decide for yourself. But the disadvantages are the huge amount of advertising, which does not add anything positive. Plus, the wheel spins with an unpleasant sound, reminiscent of the sound of a roulette wheel and God knows what else. So at late times you need to either retire or turn off the sound.

1. ePay. To collect a “harvest” of satoshi on this site, you will have to work at least a couple of hours a day. If you go to such temporary expenses, then in a month you can enrich yourself by 50 dollars. And this does not yet take into account bonus savings. True, there are such captchas that you can break your eyes, but you can manage your profits without any problems, the interface is convenient and payments are always made on time. You can withdraw from 13,000 satoshi.
2. MyCoinAds. A resource of venerable age, tested more than once. The interface is no frills, simple and convenient. Working here turns into an entertaining game that is well paid. The task consists of browsing various sites. Don’t be afraid of the relatively high minimum for withdrawal; you can earn it without any problems. Payments are made daily and automatically.

Of course, the list of Bitcoin faucets is not exhausted by the resources presented above. But this is enough for a start. The main thing is to understand that this process is accessible to everyone and does not present any particular difficulty.

In the generally accepted sense, mining, translated from English, means the extraction of natural resources through the development of deposits. In relation to our topic, that is, bitcoin, this is the creation of new units of this cryptocurrency. People who engage in this process are called miners.

Bitcoins cannot be created like any traditional currency - printed on a machine or minted. The appearance of each new unit is preceded by complex computing operations, which are carried out either on personal PCs or using special and very expensive equipment.

You won’t earn much through an ordinary home computer, but you won’t need to make large investments either. You just need to download the program and accept the loss of some part of the power of your hardware.

If you want to earn money on an “industrial” scale, then you will have to spend accordingly. To buy necessary equipment and to create a so-called “farm” capable of generating serious profit, you need to invest no less serious money.

Of course, everyone decides for themselves, but before making a decision to purchase expensive equipment, you need to carefully calculate everything so as not to end up at a loss.

The topic of mining is very broad and quite complex. We remembered it here only in order not to ignore this method earning bitcoin, but in general this is not an option that can be recommended for widespread use.

The days of furiously accumulating wealth using Bitcoin may be long gone, but that doesn't mean there's no point in doing it anymore. Now we can see the growth of Bitcoin infrastructure, including regulated and analyzed circulation, the emergence of Bitcoin ATMs and much more. Some sellers like Overstock also manage to take advantage of Bitcoin's low fees and offer special discounts on purchases made using Bitcoin. Additionally, Bitcoin appears to have calmed the storm that was raging thanks to Mt. Gox, and has shown amazing growth and maturation. All these factors allow us to roughly imagine what Bitcoin will be like after some time.

If you are fascinated or at least intrigued by Bitcoin, then you have probably either tried or thought about trying this payment system. However, it should be noted that first it is important to find out Additional information, and the first question is usually how to get Bitcoin in the first place.

There are 4 main ways to earn money and receiving Bitcoin, and we’ll start, perhaps, with their purchase.

1. Buying Bitcoins

The most common way to acquire Bitcoin is to sell and buy Bitcoins at exchangers. This is the way most of you will start using Bitcoin, as there are no additional fees and you will be able to get your money back if you decide to sell it. It should also be noted that you can only buy part of the Bitcoins, so you don’t have to pay $650 or something like that right away.

Buying Bitcoins from exchangers is a very simple process: just open and create an account on one of the exchangers. Some of them may require copies of personal documents and even others additional documents to verify your identity.

There are two types of exchangers: fixed rate and real-time exchange.

1. Exchange at a fixed rate: The exchanger sets the value, and all sales and purchases are carried out according to it. An example can be given.

2. Exchange in real time: During the buying and selling process, you can set the maximum price at which you would be willing to buy and the minimum at which you would be willing to sell. As an example, take a look at and.

There are quite a few options available, so we offer you some tips on how to choose and conduct the exchange correctly:

* It's best to choose an exchanger that supports the currency you need to avoid having to convert your money twice.
* If you are patient, real-time exchanges will allow you to receive best deals when selling and buying Bitcoin.
* If urgency is important to you, then it is better to turn to exchangers with a fixed rate.

Bitcoin and LocalBitcoins ATMs

You can also buy and sell Bitcoin at ATMs, which are gaining popularity in North America. For example, it has several ATMs scattered throughout North America, and this network plans to expand to other countries such as Singapore, Australia, Italy and others. It also has a network of Bitcoin ATMs, which, however, is not yet operational.

If you don't want to risk your Bitcoins on online exchanges and don't have a single ATM near you, you can browse and try to find individual Bitcoin owners near you who can help you with the sale or purchase.

An alternative to buying Bitcoins is to earn money on your own - mining. It's worth noting that this is a pretty competitive environment these days, and you should only consider this opportunity if you want to do it on a long-term basis and are willing to continually upgrade your hardware.

In addition, mining will only slow down over time, since there are only 21 million Bitcoins in the world. This limit will not be reached any time soon, but it is worth remembering.

Mining equipment

Bitcoin mining requires fully autonomous and expensive ASIC hardware. There are many ready-made solutions for your choice, from quite entry level at 5 gigahashes/sec (GH/s) like up to 2 terrahashes/sec (TH/s) like from Cointerra. TerraMiner IV, for example, is capable of generating about 1.8 Bitcoins per week.

This all sounds tempting, but be warned that mining difficulty is increasing every day and your machines will continually generate less and less.

Mining costs

When mining Bitcoins, you should take into account additional costs in the form of electricity costs. TerraMiner IV consumes approximately 2100 watts per hour. Add this to the initial cost of 6 thousand dollars, and then earning 1.8 Bitcoins per week doesn’t seem so good anymore, does it?

The biggest difficulty, however, is that the car simply will not be delivered. The mining hardware market is full of scammers and tempting offers. If you are an adventurer, we recommend that you thoroughly familiarize yourself with the device you want to buy, as well as study the history of the person who is selling it.

Cloud mining

There is another way to earn Bitcoins that does not involve buying or selling them or using mining hardware. It's about about mining in the cloud. On this moment, such a service offers several sites, for example, one of the sites is the site. Overall, CEX.IO is a marketplace that allows you to buy and sell hashing power in the form of GH/s.

The GH/s you buy generates Bitcoin for you, and all you have to do is just pay for the power you consume. This is very interesting solution, and perhaps you should pay attention to it if you do not want to deal with exchangers and buy mining machines too expensive.

3. Exchange Altcoin for Bitcoin

Option 3: Instead of generating bitcoins yourself, you can generate or buy altcoins (from the word "alternative"), such as Litecoin, and then exchange them for bitcoins in exchangers like or. This method means that you will have to monitor the quotes and react quickly when a bet that suits you is offered.

Scrypt coins are comparatively easier to earn and can even be generated using AMD-based home GPUs. In addition, today they are noticeably cheaper.

AMD's current flagship GPU, the R9 290X, tops out at $600, and you'll definitely need more than one to generate even one litecoin per week, which is roughly 0.028 Bitcoin at the time of writing.

You will definitely need more than one card, and with each new card your electricity consumption will increase.

No one is saying that you have to mine Litecoin, as you will need to choose best option, and stick to it. At the time of writing, Dogecoin was a fairly attractive option, however this, like everything in the cryptocurrency world, can change overnight.

4. Free Bitcoins

If you just want to take a closer look, get the hang of it, and don’t have much desire to spend your own money, then you might be interested in Bitcoin gateways or distributors. They sometimes give out free Satoshi, sometimes once or several times a day. Some also attract you to games where you can get free bitcoins. As examples, I would like to cite those who distribute free Bitcoin and those who distribute free Dogecoin.

However, don’t flatter yourself too much. Satoshi is the smallest particle of Bitcoin, approximately 0.00000001 BTC. , for example, distributes about 0.00000300 BTC every hour, although you can get 0.3 BTC. Of course, such gifts will not allow you to buy a cool TV, but they will help you get acquainted with this world and the sphere of cryptocurrency.

In conclusion

The choice of method depends entirely on how much money you are willing to invest in this matter. Mining Bitcoins is definitely a task for someone special, but Bitcoin exchanges or giveaways help ordinary people feel what this cryptocurrency is. Considering that people like Jared Cohen and Google are ready to lose weight for the sake of Bitcoin and cryptocurrency, then it’s definitely worth thinking about at least getting acquainted with these neologisms.

Bitcoins are a digital currency founded in 2009. Payments in it are not regulated by the state; the release of a new cryptocurrency occurs due to the functioning of millions of computers around the world. Bitcoin is the result of complex mathematical calculations and is gaining increasing popularity.

Note! In some countries, Bitcoin is officially recognized as a means of payment at the state level.

Ways to earn Bitcoins

There are several ways to earn bitcoins, this article reveals the main ones.

The choice of the appropriate method depends on the answers to the following questions:

1. Ability and desire to invest your own funds;
2. Set goals (long-term prospects for maximizing profits, urgent conclusions);
3. Technical capability of the user (availability of necessary equipment);
4. Availability of time

Mining

The mining procedure refers to the extraction of cryptocurrency. Due to the growing popularity of bitcoins, it is becoming increasingly difficult to mine them, so the requirements for specialized mining equipment are constantly increasing.

The essence of mining is the calculation of mathematical problems using computer technology (the hashing process). The more powerful the equipment, the higher the computing power. The solution to the mathematical problem forms a block of bitcoins - a certain amount of cryptocurrency: in 2017, 1 block = 12.5 BTC.

How does the farm work?

A mining farm is a whole system of interconnected miners connected to a database for processing data and generating transaction blocks through 1 or several computers. The reward for each block found is receiving cryptocurrency.

Factors affecting the speed of block detection:

1. Power of devices combined into a farm;
2. Blockchain complexity – the more users and power there are, the more difficult it is to define blocks.

For increase computing power users are united in pools - specialized platforms that unite miners for a certain commission.In mining pools, all earned bitcoins are distributed in proportion to the volume of calculations performed by the user, i.e. proportional to power.

Stages of creation

To create your own mining farm, you must perform the following sequence of actions:

1. Invest your own funds in equipment: purchase video cards or specialized miners, additional power supplies;
2. Construction of a server room where the farm itself is assembled (additional costs may be required for renting premises);
3. Cooling system control;
4. The assembled structure is connected to the main computer, on which a connection to the selected pool is carried out;
5. Starting the cryptocurrency mining process.

Cloud mining

Cloud mining is a method of obtaining cryptocurrency using third-party data centers.

The essence of the process:

1. Select one of the cloud mining services;
2. The package is paid for (the cost of the package depends on the computing power of the connected equipment): payment can be made either with existing bitcoins or through bank transfers or credit cards;
3. Mining starts, the user connects to the selected pools;
4. The resulting cryptocurrency is distributed among the pool participants.

Note! Additionally, payments for data center maintenance and electricity costs are debited from the miner’s balance.

Investments

The main goal of investing in cryptocurrency is to develop a long-term strategy to maximize income.

Investing in Bitcoins can be done in the following ways:

1. By creating a Bitcoin wallet: Bitcoins are purchased through any trading platform in cash;
2. Purchasing a share in a specialized hedge fund;
3. Investing in Bitcoin mining.

Advantages of investing:

• Anonymity of all calculations;
• Decentralization: cryptocurrency is created by miners, there is no government regulation and commissions for transfers of funds;
• Limited number of issued bitcoins (21 million bitcoins)

To calculate the payback of a project, you can use Bitcoin calculators on the network, which, based on initial data, allow you to calculate the approximate payback period and the possible amount of profit received.

Trading

Classic cryptocurrency exchange trading is carried out according to the principles of the stock and foreign exchange markets: based on a technical analysis of the information received about the bitcoin exchange rate, a trading strategy is selected. Professional trading is a job where you need to constantly analyze the state of the market.

Additionally, some exchanges offer the services of professional traders: trading is carried out in accordance with the strategy they have developed.

Earning money from faucets

One of the ways to get cryptocurrency without investing your own finances is to use Bitcoin faucets.

The essence of faucets: owners of Internet portals display their advertisements(banners, etc.). After registering (which is free), site visitors click on buttons that link to advertisers’ portals (depending on the faucet, these transitions appear every half hour or hour). Earning Bitcoin kopecks (Satoshi) is based on the number of views advertising banners and time of activity on the advertiser’s portal. Withdrawal of funds - to a Bitcoin wallet.

Bitcoin Games

For fans of online games, there are games for bitcoins that allow you to earn cryptocurrency. This method earnings do not require user investment. Limit – the minimum threshold for the withdrawal amount (varies depending on the developer).

The types of games are very diverse: from standard online casinos to growing vegetables and fruits on your own farm.

Partnership programs

It is beneficial for any Internet portal to attract as many investments as possible, so various partnership programs, the essence of which is to obtain additional privileges when attracting new users.

Privilege:

• A certain percentage of the attracted user’s purchases is credited to the Bitcoin wallet;
• Advanced analytical data for trading on the Bitcoin exchange;

The more attracted users who register on the portal through referral links, the greater the income.

Is it possible to earn bitcoins without investments?

Currently, Bitcoins are in great demand as the exchange rate for them is constantly increasing. The anonymity of transactions and the lack of legal regulation makes cryptocurrency increasingly popular. But is it possible to get bitcoins without investments?

For the really big and make quick money investments are necessary. Home mining It is gradually losing its relevance due to the increase in the capacity of the largest organizations, however, cloud mining is still capable of generating quite large profits.

Earning money without investments is possible, but it will take much more time: any online games or faucets set earnings rates in Satoshi (pennies) and you must constantly complete certain tasks in order to receive cryptocurrency in your wallet.

What to do with the earned bitcoins?

Bitcoins are a cryptocurrency that is distinguished by the fact that there is no centralized place for storing registers - the history of all operations performed is stored on each computer involved in the process.

Purchasing goods and services

In some countries, Bitcoin is recognized as an official means of payment. Payments in bitcoins are accepted by such giants as Microsoft and Wikipedia. However, many companies refuse to accept payments in cryptocurrency due to its high volatility.

The technical side of the issue: payment for goods or services to a third party or organization is a transfer of personal funds from a Bitcoin wallet to the counterparty’s wallet. The seller creates a QR code, the buyer scans it and receives information about the amount required for payment, which is transferred through a special application.

Withdrawal of funds

Since not all online stores accept payment in bitcoins, the question arises about withdrawing earned cryptocurrency.

There are several ways here:

• The owner of the wallet transfers bitcoins to an account on the exchange and sets the selling price;
• Receives funds for redeemed bitcoins;
• Withdraws the received money to your card.

Note! This method allows you to withdraw cryptocurrency at a favorable rate and with a small commission, but it will take time.

Exchangers: the owner of the funds transfers the resources to the wallet specified on the exchanger’s website, and the funds are credited to the card.

Note! Fast and convenient way withdrawal, however, may incur a high commission.

Transfer of bitcoins into electronic funds through payment systems: bitcoins are directly credited to the owner’s account in payment system(for example, Web Money);

Selling to a third party for the required currency is the riskiest method, since it is impossible to cancel the transfer of cryptocurrency, and the money may not be transferred.

How much do you earn on bitcoins?

Making money on cryptocurrencies is a risky process. The amount of income received depends, first of all, on the course and computing power. The investment may pay off in a few months or never.

How much can you earn 1 bitcoin?

All available methods receiving bitcoins without investments (faucets, games) offer earnings in indivisible particles - satoshi.

There are 100,000,000 satoshis in 1 bitcoin.

It is very difficult to earn bitcoins quickly without investments. To get a lot of satoshi, you need to use several dozen faucets every day without breaks, spending almost all your time on this. Also required excellent speed Internet.

Cloud mining: since the block is distributed among the pool users depending on the investment, therefore, the more invested, the faster you can earn your bitcoins. With sufficient investment, you can earn a good income.

Nuances and possible problems

Bitcoins are an underexplored niche where you can quickly make money or lose money.

Possible problems:

• It is impossible to cancel the transfer of bitcoins; there is a risk of not receiving goods or funds from an unverified seller;
• Each wallet contains a unique identifier - its loss will lead to the loss of all existing ones Money, because settlements with bitcoins are not regulated by anyone;
• Spending a lot of time trying to make money without investing.

In addition, at the moment in the territory Russian Federation a legislative framework for the exchange of cryptocurrencies has not been developed and payment flows are not regulated in any way, which leads to additional risks.

The Internet allows every modern person to keep up with the times, including making money anywhere and at any time. The Internet opens up new horizons for people and gives them the opportunity to develop in a wide variety of directions. On the other hand, the Internet is the natural habitat of bitcoins - digital coins that do not have a physical shell and function online.

Today, many people are interested in the topic of making money on Bitcoins. Bitcoins can be obtained without investments - for example, by viewing advertisements on specialized sites. Of course, these are tiny amounts, unless you have to put in any serious effort to get them. And if you are serious about making money on cryptocurrency. we will tell you about other ways to obtain digital tokens.

What are bitcoins and what is the secret of making money online using this cryptocurrency?

Bitcoin(from the English bit - a unit of information “bit”, and the English coin, which means “coin”) is a new digital coin that is rapidly gaining popularity, which appeared in 2009.

The founder of this innovative cryptocurrency was Satoshi Nakamoto, and already in the first years of the existence of the Bitcoin network, its development posed a serious challenge to the entire global economy. It is worth noting that bitcoins are rising in price, and they can easily be exchanged for regular (fiat) money at the current rate.

In 2009, the rate of 1 bitcoin was $0.00076, now it has increased millions of times. The process of exchanging currency is quite simple, and you can do it at any exchange office. And now closer to the actual earning of bitcoins.

If you want to get a complete understanding of cryptocurrencies and making money on them in 40 minutes, download free book “25 Strategies for Investing in Cryptocurrencies.”

What are Bitcoins - video

How to quickly earn bitcoins without investment

There are a huge number of different services on the Internet (so-called cryptocurrency faucets) that allow you to earn bitcoins without investment by entering a captcha (a unique number or alphabetic set that is displayed along with advertising), by viewing advertising, or by performing other simple actions. Earning Bitcoins without Investment Attracts Thousands modern people who want to receive digital tokens and not spend a single ruble. But we need to make a reservation that there is no way to earn a whole bitcoin from cryptocurrency faucets. We're talking about earning satoshis - a tiny part of bitcoin (1 satoshi = 0.000000001 btc).

First, you need to create your wallet in the bitcoin system. This is done very simply, conveniently and quickly: there are many resources offering free online wallets. Then you need to register on one of the many BTC earnings services.

Today, one of the most popular services for earning bitcoins are:

• Freebitco.in
• Freedoge.co.in
• bitvisior.com
• landofbitco.com
• greenbitco.in

This is not a complete list of faucets for earning Satoshi - there are quite a lot of them, and new resources appear regularly. In addition, many faucets hold lotteries, promotions and drawings that allow you to increase the amount of satoshi received. But don’t delude yourself: you won’t be able to earn more than 100 rubles a day (in terms of fiat money) using faucets.

How to earn bitcoin using cloud mining?

If you are interested in serious earnings, then first of all it is mining, or the extraction of bitcoins. To get bitcoins, you need to do complex calculations by using special devices(video cards or ASIC) and receive blocks, and bitcoins will be paid to the miner as a reward. You can do this yourself if you set up a mining farm (for example, at home). Miners also unite into communities (pools). There is another mining method that will not require your time, but will require certain investments - cloud mining.

To make money on cloud mining, you need to register on one of the special services, such as eobot.com, which will not take much of your time and effort. It’s nice to know that after registering you won’t have to download a bunch of different applications or other files. In essence, the user rents production capacity for mining and in return receives an agreed share of the profit of this service.

At the initial stage, you will need a certain amount, which can be very small - about 0.0005 BTC. The user enters into a contract (usually for a year) and after a year should receive a profit. After this, he can extend the contract or withdraw his investments. But it is important to carefully read the terms of the contract - because the complexity of mining new blocks (and, accordingly, bitcoins) increases every year. In addition, the work of the mining farm consumes a large number of electricity, which also has to be paid for. Therefore, you need to carefully consider the possible profit, taking into account all possible costs.

Other ways to make money on the Internet

Mining, or how to earn Bitcoin - video

We also suggest that you read the article on how to become a guru in the fashionable niche of making money on.

By earning bitcoins now, you are investing in your future!