Bitcoins - what is it and how to make money on them?
Let's take a quick look at what bitcoins are and what ways to earn them.
Bitcoins are a digital electronic currency that is not controlled by anyone. But in general it is the same money as rubles. For bitcoins, as well as for rubles, you can buy almost anything you want!
The essence of Bitcoin is that it does not have a single owner and center - and all operations associated with it (purchase/sale/transfers...) are serviced thanks to the power of millions of different computers around the world.
Initially, there is no commission for transactions with Bitcoin; miners only receive remuneration for their work - mining cryptocurrency. That is, they, at the expense of their computers (power), ensure the completion of these same operations with bitcoins.
mining , has become possible —everyone can make money on it! This requires at least a computer and the Internet (read more below!?).
The Bitcoin rate depends on its popularity: the more people use it, the higher the rate will be. And you can make money from this - we’ll also talk about this in this article!
By the way, for those who don’t know, the smaller part of bitcoins (0.00000001 part of a bitcoin) is called satoshi .
But let's talk about everything in order! And yet, how to start earning bitcoins?
So, there are several main ways to earn bitcoins:
- Bitcoin faucets (easy way);
- phone applications (easy way);
- mining: regular and cloud;
- bitcoin arbitrage;
- trading on the bitcoin exchange (due to changes in the exchange rate).
I propose to start with the simplest ways to earn bitcoins and gradually move on to more complex, but at the same time more profitable!
Earning Bitcoin on cloud mining
The essence of the process is identical to classical mining - bitcoins are mined through the work of powerful equipment. But you don’t need to worry about the cost of electricity, ideal Internet and the computer itself, which will work for wear and tear. There is a proposal to “buy” part of the power of one of the mining farms and make a profit from it.
All instructions for working with cloud mining consist of simple registration and payment for hashes. The catch here is different - you need to find a proven cloud site that will not take your deposit and not disappear with it in a couple of weeks. We recommend paying attention to IQ Mining, Hashflare, Genesis Mining, which have been on the market for more than two years, are very stable and have a lot of positive comments.
- Complete the registration form on the website. Fill out all the fields provided, provide your email, and confirm your account.
- Enter your Bitcoin wallet number.
- Select the currency that will be mined - in our case it is BTC.
- Buy hashes. You can spend either 1 dollar on this event (it is in this currency that payments are most often made on servers), or several hundred or thousand. Pay by credit card or any online payment system.
- After these manipulations, a contract will be concluded for a certain time. During this period of time, you will be charged from 150 to 300% per annum (depending on the resource), plus you need to bet on the exchange rate. If it grows, income will increase proportionately with it. If the value of Bitcoin falls, profits will decrease.
IQ-mining company conditions:
All that remains is to monitor the receipt of money into your account and the Bitcoin exchange rate. The computer, which is located far away, will do the rest.
Earning money on Bitcoin faucets - TOP 5 excellent sites for easy and fast earnings
Description: faucets are sites that pay bitcoins (Satoshi) for performing certain simple actions/tasks: watching videos, entering captchas, surfing websites, clicking on advertisements...
❗️Payment for such tasks is low: on average from 50 to 400 satoshi !
Attachments: no required!
This is the easiest way to earn bitcoins from scratch - you don't need absolutely any cash investment! While you can start earning money right now - after reading the information!
This earning option is suitable for absolutely everyone , even schoolchildren. The only downside is that you really can’t earn too much from this.
However, you can increase your income in several ways:
- register on several Bitcoin faucets at once;
- and also use affiliate programs.
Thanks to this, your earnings can be increased significantly!
I will briefly summarize the pros and cons of making money on Bitcoin faucets below in the table:
№ | Pros (+) | Minuses (-) |
1 | No investment required. You can start earning money right now. | Small income. |
2 | The tasks are extremely simple; no special knowledge or skills are required. | Usually the same type of tasks and monotonous work. |
3 | Suitable for anyone who has free time. | Projects may turn into scams and stop paying out bitcoins. + There are many fraudulent Bitcoin faucets. |
Now let's move on to a review of the 5 most reliable Bitcoin faucets with a good reputation that consistently pay out money to users.
Site #1: Adbtc.top
One of the most popular sites in RuNet for earning bitcoins. More than 350,000 users are registered on the site.
The main type of task is browsing various websites for a short period of time. Payment for one task sometimes reaches 100 Satoshi or more.
A fairly large number of new tasks appear every day. Withdrawal of earned funds is made to a Bitcoin wallet . Minimum for withdrawal is 15 thousand satoshi .
A huge advantage is that you don’t need a computer to complete tasks and earn money directly from your mobile phone.
⭐️ Important! Do not be fooled by advertisements when browsing websites that promise huge earnings practically “for nothing.” More than 95% of all ads and sites on faucets are various investment pyramids and dubious projects! Be carefull!
There is also an affiliate program through which you can receive an additional 7.5% of the earnings of the referrals you refer.
It is worth noting that in this case, referrals will earn as usual - no less, you will just receive an additional affiliate reward from the funds of the service itself!
Therefore, an affiliate program can be a good additional source of income.
Site #2: Btcclicks.com
Another good faucet, similar to the previous one, but has several differences.
The tasks for Btc clicks are approximately the same - viewing websites and advertising. The pay is a little lower though.
Here you need to browse websites for an average of 10 to 20 seconds and then each time you will need to enter a captcha. After this, payment for the task will be automatically credited to your account.
The minimum withdrawal amount is set at 10,000 satoshi .
But under the affiliate program you can receive from 40% to 80% of your referrals’ earnings.
Site #3: Bonusbitcoin.co
This faucet also allows you to earn free bitcoins by entering captcha.
According to the developers on this site, it is possible to earn up to 5000 satoshi every 15 minutes. The amount is most likely greatly overestimated, but I think it’s realistic to earn up to 3-5 thousand satoshi a day.
In addition, a bonus is awarded daily in the amount of 5% of total earnings for 3 days. Through the affiliate program you can receive 50% of referral earnings.
✅ To increase your earnings, you can turn on notifications that will remind you that you can complete the next task and earn satoshi.
Also select “Receive average payment” in the settings. In this case, the earnings will usually be slightly higher!
Site #4: Freebitco.in
This is another large service for earning bitcoins without investments, with over 8 million registered users .
First you will need to register - it will take you no more than 1-2 minutes. There are many different ways to make money: captcha, games, lotteries...
Free bitcoins are also awarded every hour. The referral program on Freebitco is very generous and amounts to 50%.
The minimum available amount for withdrawal is 30 thousand satoshi .
Site No. 5: Cetobeto.com
This is another foreign faucet that allows you to earn money by playing simple and interesting online games . The site has a good reputation and reliability.
In this case, you can not only have fun, but also earn some bitcoins.
☝️ The more time you spend on the site, the more Satoshi you will be credited. They are credited to your balance every 40 minutes .
Payments to Bitcoin wallets are made automatically .
Bitcoin - virtual money of the Internet
Perhaps everyone is familiar with Bitcoin either by hearsay, or by a certain amount in their wallet and related activities. I have already spoken in detail about what Bitcoin mining is, and, in fact, why many choose the cloud option in comparison with the solo format. Today, debates continue to rage about the viability of this cryptocurrency, and some continue to claim that the BTC is a soap bubble, but, as for me, it is either made of very high-quality soap and therefore so dense, or it is actually a financial revolution that is intended to ultimately will completely change the world, remove cash and transfer everything to blockchain.
It is often said that Bitcoin is money for millennials, which is difficult to argue with, since representatives of this social group are distinguished not only by their deep education, but also by their enormous involvement in digital technologies.
And no matter how much they talk about this cryptocurrency, I don’t know anyone around me who wouldn’t want to earn Bitcoin or at least a certain part of it - Satoshi.
Earn bitcoins on your phone - 3 popular applications for Android
Description: Did you know that you can simply earn bitcoins using your mobile phone? To do this, just download one or more of the applications below to your mobile phone, complete various tasks and earn money.
The tasks are usually the following: viewing regular and video advertising, entering a captcha... Sometimes you need to even get Satoshi for a simple click!
Attachments: no required!
You can download applications using Google Play on your phone.
However, I will make an important note: any such application may stop paying money at any time, no one is immune from this.
The fact is that there are really a lot of faucet applications, they appear quickly like mushrooms, but disappear just as quickly.
№ | Pros (+) | Minuses (-) |
1 | No investment required. All you need to do is download the app to your phone. | Low income. |
2 | The tasks are very simple, sometimes all you need to do is click a button. | Among the applications there are many fraudulent ones that do not pay out bitcoins. |
3 | Doesn’t take much time, just spend up to 10-15 minutes daily. | Even running apps may stop paying out over time. |
⭐️ Personal opinion! From my experience, I can say that it is much more profitable and reliable to make money using regular applications that pay in rubles for installing applications and viewing ads.
Here the payments are fast, you earn more money, and there are many proven applications that really pay. You can find an overview of the 15 best applications in this article: “How to make money from mobile applications.”
And below, based on reviews on the Internet, I have selected the 3 most adequate applications for earning bitcoins.
Application #1: IQ Bit
The application is not the most popular, but it is reliable and, according to reviews on Google Play, it scored 4.6 out of 5 points .
For completing tasks (mainly for watching videos) you will receive “bits”, which can then be exchanged for bitcoins and withdrawn.
☝️ How much can you earn? Every 3-4 minutes you can earn about 100 bits. In 1 hour, earnings on average will be 1500 bits!
The minimum withdrawal amount is not too high compared to other applications - 40,000 bits . And rewards ranging from 400 to 1100 rubles are often awarded.
At the same time, if you have any questions, you can write to the support service - here they are quite loyal to users.
In addition, bits can not be exchanged for bitcoins, but you can immediately withdraw them to your Qiwi wallet, Yandex money, Paypal or Steam.
Application #2: BitMaker Free Bitcoin/Ethereum
One of the most popular and famous applications with a rating of 4 points . 1 million downloads of this application !
For completing tasks you will be awarded a special currency - “blocks”. They, in turn, can be converted into bitcoins or ethereum.
❗️You can earn money from games, applications, watching video ads... Also, free bitcoins (Satoshi) are awarded every 30 minutes - all you need to do is click and collect them.
The disadvantage of this application is the lack of Russian language.
According to reviews, the application pays regularly. The minimum threshold for withdrawal is also low!
There is also a good referral program here!
Application #3: Bitcoin Crane
This is another common application for earning Bitcoins. More than 100,000 users have downloaded it on Google Play.
According to user reviews on Google Play, it has a score of just over 4 points .
✅ The application gives out free Satoshi every 11 minutes, which can be collected simply by clicking on the appropriate button. The size of a satoshi differs from case to case and can range from 100 to 800 satoshi .
There is also an additional feature for receiving Satoshi for watching video advertisements.
To withdraw bitcoins to your wallet, you need to collect 400,000 satoshi . This is quite a big minus, since it will take on average 1 month to collect this amount.
Bitcoin crane app
Bitcoin Crane also has its own affiliate program , which can additionally generate good income.
Apparently, the application pays, although on the Internet you can find reviews from some users who still write that the application sometimes resets the balance and does not pay out satoshi.
Where to earn bitcoins - review of the TOP 3 services for earning money
I offer an overview of the most popular services for earning bitcoins. These are international platforms available to everyone.
Thousands of miners have already withdrawn money from them and are withdrawing them now , so there is no deception, only program code.
1) HashFlare
Cloud mining HashFlare is a new generation service with equipment created specifically for cryptocurrency mining. The platform connects users to pools - special web services that allow them to receive bitcoins more evenly and predictably. The user has the right to select several such pools to reduce risks.
HashFlare is a division of the larger company HashCoins, which develops professional mining software. So the service uses its own products, and not third-party equipment .
The service guarantees clients low risks, a minimum entry threshold and low costs for program support and maintenance. The company's head office is located in Tallinn.
2) Kryptex
“Kryptex” is the name of the server and special program. You download it to your computer, it starts generating cryptocurrency. Profit comes in both bitcoins and dollars, rubles and other currencies for which you exchange virtual money.
The application makes special calculations using the power of your device. The operating algorithm is as simple as possible: install the program, register, leave Kryptex running, and make a profit.
The earnings are small - up to 9,000 in rubles on medium-power computers, but do not forget - you get this money without making any effort.
3) Fleex.cc
Mining platform for mining the most popular cryptocurrencies. Estimated earnings are 2-3% per day from investments. 100 Gh/s (power units for mining bitcoins) as a gift.
Using affiliate programs, you receive an additional 5-12% of the power purchased by your referrals.
Service comparison table:
№ | Service | Principle of operation | Potential income |
1 | HashFlare | Professional mining equipment | Depends on the amount of investment - up to 80% per year |
2 | Kryptex | Special application for installation on your computer | Up to 9,000 per month |
3 | Fleex.cc | Purchasing mining capacity | 2-3% per day |
How to earn bitcoins using a computer on a machine (mining)
Description: To mine bitcoins, computers are required, and the more powerful they are, the better! They, in turn, solve cryptographic problems, for which bitcoins are awarded! In this way, you can earn income completely automatically, i.e. passively!
earn hundreds and thousands of rubles a day this way And this is not the limit! Some large miners earn 10,000 - 50,000 rubles daily!
Investments: in most cases, at least minimal, but required! Although there are exceptions!
№ | Pros (+) | Minuses (-) |
1 | The annual return can be 100% or more. In addition, you can make extra money from the growth of the Bitcoin rate. | To make “normal” money from mining, you need investments. |
2 | Passive income - you earn even while you sleep! | There is a risk that the investment will not pay off or will bring little profit. |
3 | The level of earnings is limited only by your investments. | Scammers in cloud mining are quite common. |
Method 1: Standard mining
Many people have a question: how does a video card earn bitcoins?
But the fact is that it is mainly she who performs the computational operations that are necessary for the existence of bitcoins.
And since no one will provide their computer power “just like that,” that’s why a monetary reward from cryptocurrency is awarded for this service!
❗️It used to be possible to earn good bitcoins directly from your home computers.
Now super-powerful computers are appearing, so you won’t be able to make big money on weak video cards. But it’s still possible for anyone who has a computer to earn small amounts of money!