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question about bitcoin
Posted:
question about bitcoinPosted:
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Joined: May 04, 201410Year Member
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is there any way i can get free bitcoins beacuse ive been hearing that lots of people have been getting free bitcoin
#2. Posted:
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Joined: Dec 25, 20149Year Member
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Joined: Dec 25, 20149Year Member
Posts: 6,418
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I'm not to familiar with bitcoin and how you can invest/get it. I looked on google and here are some things that could help you with your question,
1. Mine your own Bitcoins
The very first way to get your own Bitcoins was through mining. In 2009, every block mined (every 10 minutes on average) brought a reward of 50 BTC to the lucky one who managed to solve the computational problem. Right now, every block brings 12,5 BTC. While the reward is still luring, there are some issues which stand in the way of earning some loot:
- The hashing difficulty has grown significantly over the last years. No single equipment has enough computational power to compete for Bitcoins.
- Mining has gotten unprofitable.
- In hope for some reward, people are forced to unite in pools or use cloud mining services.
- Even when the efforts are combined, there is still need to pay for the electricity, and the utility bills often exceed the mining reward.
All these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning Bitcoins online.
2. Do work for Bitcoins
If mining is not for you, you can search for work that you can do for Bitcoins. There are multiple services that will offer one an opportunity to work for cryptocurrency. You can find something at Coinality or by just going to /r/Jobs4Bitcoins on Reddit. Currently, you can earn Bitcoins online as a freelancer mainly, but some Bitcoin startups and companies like Overstock offer an option to get the regular payment in BTC. With greater acceptance, there will be more options to look for.
3. Offer something for Bitcoins
Another way to earn Bitcoins online is to sell something for crypto. If you are keen on handmade, you can accept BTC on your ETSY page, and if you are a merchant, you can use your Bitcoin address to accept Bitcoins payment on your website. You can also hang a "Bitcoin Accepted Here" sign at your hotel, restaurant, caf etc.
4. Gambling and casino games
If you are searching for a simple way to earn Bitcoins online, you may try gambling. However, while it might seem to you as easy money, gaming has a number of risks which need to be taken into account. In the following article, we have outlined for you some websites worth checking out when trying out your luck: Bitcoin Gambling. We don't guarantee that you win, which is why we strongly recommend you to play only if you have some initial capital to spend. On the other hand, who knows, maybe you will get lucky and multiply your crypto.
5. Use various Bitcoin faucets
We have already mentioned gambling and faucets in a recent article. What you need to know about Bitcoin faucets is that they allow you to get a small amount of cryptocurrency in particular time spans. For example, on many Bitcoin dice websites you can get 0.0001 BTC every 5 minutes. However, to get a new portion of satoshis, you need to have a zero balance. There are other options too where you can earn 'Bitcoin dust' for time spent on the website (for example, when playing games). You cannot gain much here, but sometimes it can be enough to get a feeling of owning some crypto.
6. Boost your trading skills
A good way to make an earning with Bitcoin and cryptocurrency in general is to do it through trading. CEX.IO allows you buying Bitcoins with payment cards or via bank transfer, after which you can convert it to other crypto or fiat using the price volatility at your advantage. Sometimes, however, Bitcoin trading can be very similar to gambling - high risks are involved here too. In order to minimise them, you need to learn a bit about trading. You may follow our blog to get some trading tips. Meanwhile, you can start with our 3 tips for profitable trading and then explore our trading category. Just start with a little amount, and when you feel more confident, you will be able to get to bigger earnings.
1. Mine your own Bitcoins
The very first way to get your own Bitcoins was through mining. In 2009, every block mined (every 10 minutes on average) brought a reward of 50 BTC to the lucky one who managed to solve the computational problem. Right now, every block brings 12,5 BTC. While the reward is still luring, there are some issues which stand in the way of earning some loot:
- The hashing difficulty has grown significantly over the last years. No single equipment has enough computational power to compete for Bitcoins.
- Mining has gotten unprofitable.
- In hope for some reward, people are forced to unite in pools or use cloud mining services.
- Even when the efforts are combined, there is still need to pay for the electricity, and the utility bills often exceed the mining reward.
All these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning Bitcoins online.
2. Do work for Bitcoins
If mining is not for you, you can search for work that you can do for Bitcoins. There are multiple services that will offer one an opportunity to work for cryptocurrency. You can find something at Coinality or by just going to /r/Jobs4Bitcoins on Reddit. Currently, you can earn Bitcoins online as a freelancer mainly, but some Bitcoin startups and companies like Overstock offer an option to get the regular payment in BTC. With greater acceptance, there will be more options to look for.
3. Offer something for Bitcoins
Another way to earn Bitcoins online is to sell something for crypto. If you are keen on handmade, you can accept BTC on your ETSY page, and if you are a merchant, you can use your Bitcoin address to accept Bitcoins payment on your website. You can also hang a "Bitcoin Accepted Here" sign at your hotel, restaurant, caf etc.
4. Gambling and casino games
If you are searching for a simple way to earn Bitcoins online, you may try gambling. However, while it might seem to you as easy money, gaming has a number of risks which need to be taken into account. In the following article, we have outlined for you some websites worth checking out when trying out your luck: Bitcoin Gambling. We don't guarantee that you win, which is why we strongly recommend you to play only if you have some initial capital to spend. On the other hand, who knows, maybe you will get lucky and multiply your crypto.
5. Use various Bitcoin faucets
We have already mentioned gambling and faucets in a recent article. What you need to know about Bitcoin faucets is that they allow you to get a small amount of cryptocurrency in particular time spans. For example, on many Bitcoin dice websites you can get 0.0001 BTC every 5 minutes. However, to get a new portion of satoshis, you need to have a zero balance. There are other options too where you can earn 'Bitcoin dust' for time spent on the website (for example, when playing games). You cannot gain much here, but sometimes it can be enough to get a feeling of owning some crypto.
6. Boost your trading skills
A good way to make an earning with Bitcoin and cryptocurrency in general is to do it through trading. CEX.IO allows you buying Bitcoins with payment cards or via bank transfer, after which you can convert it to other crypto or fiat using the price volatility at your advantage. Sometimes, however, Bitcoin trading can be very similar to gambling - high risks are involved here too. In order to minimise them, you need to learn a bit about trading. You may follow our blog to get some trading tips. Meanwhile, you can start with our 3 tips for profitable trading and then explore our trading category. Just start with a little amount, and when you feel more confident, you will be able to get to bigger earnings.
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#3. Posted:
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Joined: Oct 19, 201013Year Member
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Status: Offline
Joined: Oct 19, 201013Year Member
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Reputation Power: 548
You cant get free bitcoins.
You realize they are each worth thousands of dollars right?
You realize they are each worth thousands of dollars right?
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#4. Posted:
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Joined: Apr 02, 201212Year Member
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xDustyx wrote You cant get free bitcoins.
You realize they are each worth thousands of dollars right?
what he said
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#5. Posted:
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HughJaynusss wrotewell you can mine for them but you need a powerful computer and you waist a lot of electricity. Look up bit coin farms!xDustyx wrote You cant get free bitcoins.
You realize they are each worth thousands of dollars right?
what he said
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#6. Posted:
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might be some illegal way to do it, other than that no, they are worth around 5,000
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#7. Posted:
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soggy wrote might be some illegal way to do it, other than that no, they are worth around 5,000
Lol btc is back up to 7500
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