You can’t believe how easy to make money with Bit Coin. Bitcoin was noticed in September 2017 when the rate jumped by 200% in one night and people realize it’s also a good way of making money. Now in December 2017 when I am writing this article the rate is $14000 for one bitcoin which was around $1000 in January 2017. Here I am going to explain the different risk free way to make money from Bitcoin.
What is Bitcoin?
To make money from bitcoin, we aware from what’s bitcoin actually is and how does it work? Bitcoin is cryptocurrency or digital currency which can be used to buy something or exchange something and can be converted in real cash by ATM or bank transfer.
Bitcoin provides high level of security which can’t be editable. The total number of Bitcoins are limited to 21 millions and we can’t generate more than that. To make bitcoin more secure each amount of bits block contains specific identity which made from hash rate, public key of owner and private key of owner during currency transfer. We can understand it more clearly from below diagram. Each bit details can be found at https://blockexplorer.com
Make money from Bitcoin Faucet
Building and managing your own Bitcoin faucet is the simplest way to make money from BitCoin. You can make around $50-$800 per month from bit coin faucet. By running your own Bitcoin faucet you will be paying out small amounts of Bitcoins to your users (automatically) but will be gaining much more income through ads you place on your website. In this video you will have more idea for making money.
Setting up your own Bitcoin website to generate a Indirect income
You can provide different update, tips and current rates by creating your own Bitcoin Information website. This type of website goal is to attract new users for bitCoin and explaining different useful tips for investment. Additionally you can make money by third party ads and affiliate programs.
It requires a bit of time and a small investment to get started but after long it will give you a good returns your investment. A free PDF version of the course can be found here https://99bitcoins.com/My_Dirty_Little_Bitcoin_Secrets.pdf
Tiny Earnings- Spent small time for Small bit of cash
Many online users are making money by completing small amount of task for small money from website. Many times these so-called “faucets” engage looking at ads in one way or additional.
The website owners get paid when people view and click on ads. A few websites, like bitcoin faucets, will share some part of those incomes with their visitors. Your earning percentages are different for different websites. With some, you’ll kill aliens or feed animals, with others you’ll basically watch videos or click on ads.
Be caution, however, some websites will infect you with malware and viruses.
Writing- Skill of literary
The Internet is overflow from message boards and forums, and content opportunities. These websites offer good money for marketing their products and services, and few companies pays to promote their items on different forums. You can keep signature link for forum thread marketing.
Increase your knowledge about bitCoin and write articles, forum and blog posts. You could also set up your own blog, place ads on it, and get paid in bitcoin. You can write in other language too if you have more language knowledge.
Accept Bicoin for products and services
Bitcoin is worldwide acceptable digital currency. If Bitcoin is one of your payments accept method then make money by selling product and service with fewer service charges or no service charge. You only need to advertise your product or service from social media and search engine and accept payment as BitCoin. If you’re already making money from online sale then accept Bitcoin as payment and save money of third party fees.
Bitcoin Withdraw – Mine your own wealth
Buying and selling like trade business is applied for bitcoin too. Bitcoins are made by solving complex algorithms that create blocks. The public ledger is the history of all transactions performed through bitcoin.
Long story short, miners basically build the public ledger and allow the whole bitcoin system to function. As they create new blocks, miners are rewarded with new bitcoins. This encourages more miners to get in on the action, which allows the bitcoin community to grow.
Once upon a time, people could use their home PC to mine bitcoins, but over time mining has become more difficult as the algorithms have become more complex. Now, you’ll either have to buy a specially built mining rig, or join up with a bitcoin mining pool that harnesses the power of multiple computers.
If you want to check out the profitability of Bitcoin mining today use a Bitcoin mining calculator
Lending- Loan some bitcoins, earn some interest
Lending is perhaps the oldest way to use money to make money. Basically, you loan out money to a relevant party and they pay you back, with interest. Interest rates will vary with the risk involved. If you get collateral in exchange for your loan, interest rates will be low. No collateral means higher risks, but it also means higher interest rates.