Tag: earn bitcoin

Bitcoin is currently more valuable than the U.S. Dollar and the value of the Bitcoin has more upside potential ahead. 1BTC currently costs about $649; hence, you’ll have to do some serious work before you can earn 1BTC. Nonetheless, you don’t have to go through the hard way of mining Bitcoin because mining requires a high upfront cost in terms of equipment. You can however earn little bits here and there and those bits could amount into a decent amount of Bitcoin over time. This article provides insight into 4 weird but real ways through which you can earn Bitcoin.

1. Watch short videos to earn Bitcoin

You can earn a decent (compounded over time) amount of Bitcoin if you don’t mind watching a couple of videos online. It sounds too good to be true because you probably watch a number of cute cat videos on Facebook and Youtube everyday without earning a dime. However, Vidybit is one of the top platforms where you can earn Bitcoin for watching videos. Vidybit says it has an unlimited video selection on multiple channels where you can watch videos to earn Bitcoin all day long.

However, watching videos to earn Bitcoin is serious work and you should be ready to put in long hours. Vidybit currently pays 39 Satoshi for every video you watch. If you have a Xapo account, you can withdraw your earnings without having to meet any minimum payout requirements. However, there’s a minimum payout requirement of 5430 Satoshi if you plan to withdraw your earned Bitcoin into your BTC wallet.

2. Read books to earn Bitcoin

If watching video all day long sounds boring or uninspiring to you, you should consider reading books to earn Bitcoin. If you’ll love the opportunity to read some classics as well as modern books for free, the gig might be a perfect fit for you. Of course, you’ll also get paid in Bitcoin for expanding your mind. Paid Books is one of the top platforms where you can read books online to earn Bitcoin. Paid Books is part of the Bitcoin Aliens family, which commits itself to giving out free Bitcoin.

Paid Books has a wide selection of books raging from classics such as Pride and Prejudice to Children books such as Peter Pan. Paid Books currently pay 400 Satoshi for every 10 minutes you spend reading and you could also win an 800 Satoshi jackpot. You should however note that Paid Books has a 20,000 Satoshi minimum payout; hence, you won’t get paid until you’ve acquired 20,000 Satoshi from reading.

3. Play mobile games to earn Bitcoin

If watching videos or reading books doesn’t sound very exciting, you might find it more enjoyable to play mobile games to earn Bitcoin. A quick online search will yield information about hundreds of mobile games that you can play to earn Bitcoin. If you like Plants VS Zombies, you’ll most likely derive pleasure from playing Oh Crop! To earn Bitcoin. Of course, you should be ready to endure some minutes of seeing video ads interrupt your gaming experience – those video ads are the main reason you’ll get paid.

Other mobile games you can play to earn Bitcoin include Coin Flapper for people who enjoyed playing Flappy Birds. You can also try out BattleCoin if you prefer multiplayer PvP games where you can earn extra Bitcoin by referring new gamers.

4. Solve Captcha to earn Bitcoin

You can also earn Bitcoin by taking the time to solve online Captcha tasks. Solving online captcha to earn Bitcoin is one of the many different Bitcoin faucets available. However, solving captchas have the added benefit of requiring some mindfulness; hence, you can easily earn a decent amount of Bitcoin without getting bored.

When you solve an online captcha, you’ll be rewarded with Satoshis. It should be noted that many of these platforms earn money from the ads placed on their websites. Hence, they’ll pay you fraction of their earnings when you solve captchas or answer some short questions. Some of the notable Bitcoin platforms where you can earn Bitcoin by solving capthcas include Moon Bitcoin, Free Bitcoin, and Bitcoin Zebra.

Bitcoin currently trades for about $649 for 1BTC and for most people; it might be somewhat pricey to buy Bitcoin with USD. Yet, it is important to own Bitcoin because of the impressive upside potential that it offers. However, if you want to own Bitcoin without having to clear out all the funds in your bank account, you can go through the slightly long process of earning Bitcoin.

Nonetheless, you should note that it might take some time before you have a sizeable amount of Bitcoin. If you don’t mind the long process, here are four straightforward ways through which you can earn Bitcoin.

1. Mining Bitcoin

The most traditional way to earn Bitcoin is to become a miner. Miners are saddled with the task of providing computational power needed for the verification process of Bitcoin transactions. Miners are then rewarded with some Bitcoin for their efforts. Mining is the “original” way of getting Bitcoin with an allegory similar to how the miners of old got gold by mining it.

Of course, mining Bitcoin is different from mining gold because you’ll need a powerful computer, superfast Internet connection and a dedicated mining program. It should be noted that it is becoming increasingly harder to mine Bitcoin because of the inbuilt strategies for keeping the supply of Bitcoin in check. More so, miners now earn lesser Bitcoin for their troubles because the Bitcoin reward block has been halved. Yet, mining is a great way to earn Bitcoin and immerse yourself in learning how Bitcoin works.

2. Join a Bitcoin Mining Pool

As mentioned above, mining Bitcoin is becoming increasingly less profitable for the individual miner. However, you can join a mining pool in order to leverage the strength of numbers to your earn more Bitcoin from mining. A mining pool is a mining community in which miners combine their computing power to solve a mining block. The miners in the pool the share the Bitcoin reward equally based on amount of hashing power contributed.

Joining a mining pool is a better way to get involved in mining activities on a small scale without incurring exorbitant upfront costs. Antpoll is currently the biggest mining pool in the world and it controls about 30% of the blockchain hash rate. You might also want to consider Slush Pool, which is the first mining pool in the market. Slush Pool controls a 7% hash rate.

3. Trade Bitcoin for a multiplier effect

If you understand how the financial markets work, you might want to consider earning more Bitcoin by trading. Trading Bitcoin is probably the smartest and fastest way to increase the number of Bitcoin that you own exponentially. Bitcoin currently trades at 1BTC to $649 yet it has traded as low as 1BTC to $11 in 2012. In the last one year, Bitcoin has gained an incredible 109%. In contrast, the S&P 500 has only gained 3.18% within the same period and gold has gained 7.79% in the last one year.

Hence, you’ll be better off trading Bitcoin than trading stocks or gold if you are interested in profiting from upside potential. Nonetheless, you should note that Bitcoin prices are still subject to wild swings and high volatility. You should be ready for a high-risk high-reward scenario if you want to earn more Bitcoin by trading.

4. Accept Bitcoin tips

Another smart way to earn Bitcoin is to collect your tips as Bitcoin. If you work in the service sector where the culture of tipping is acceptable, you can elect to have patrons reward you for your service by getting tipped in Bitcoin. You’ll find it much more easier to get your tips in Bitcoin if you employer already accepts Bitcoin as a form of payment. However, you can still request patrons to tip you in Bitcoin if making such a request doesn’t flout your terms of service.

However, being tipped by Bitcoin is not restricted to people who work in bars, restaurants, and hotels alone. You can also get tipped in Bitcoin if you offer valuable advice on a blog or in an online forum. You can request other users to tip you for your expertise/time in Bitcoin. BCTip is smart way to get tipped in Bitcoin. You may also want to consider Changetip if you’d like to get tipped in Bitcoin for your social media acitivities.