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Guide To Earn Huge Money With Bitcoin in 2017!

Introduction

Bitcoin a digital coin created in 2009 by an anonymous person of alias Satoshi Nakamot . Transactions with this currency are made without any intermediary or, therefore, you do not have to pay any kind of commissions and it is not necessary to give your personal data. Bitcoins are increasingly accepted by many merchants: you can buy hosting services, pizzas or even manicures with this currency.

Are you looking to earn some extra money or accumulate some wealth? Bitcoin is a great way to do it. When most people think of making money through Bitcoin , they think of mining and investing in completely virtual currencies, but these days there are numerous other methods that people can use to generate Bitcoin and money for themselves.

How do Bitcoin work?

As a new user, you can start using Bitcoin without understanding the technical details . Once you have installed a Bitcoin wallet on your computer or mobile phone, you will generate your first Bitcoin address and you can create new ones whenever you need them. You can give your address to your friends so they can pay you and vice versa. In fact, using Bitcoin is quite comparable to exchanging emails , except that Bitcoin addresses should only be used once.

To store your Bitcoin it is necessary to have a “portfolio” , which is a software that has to be installed according to a single algorithm.

It can be installed on Windows, Linux, Android , Blackberry, Mac … (Except iPhone), but there are also web servers online (watch out for pirates!)

Block strings are recorded in a general and public accounting book shared in which the Bitcoin network as a whole. All confirmed transactions are included in the block of the chain. Thus, in the Bitcoin portfolios the balances are established and it is possible to verify that in fact the new transactions transfer the corresponding Bitcoins property of the payer. The integrity and chronological order of the blocks of the chain are supplied by cryptographic means.

A transaction is a transfer of value between Bitcoin portfolios that is included in the block of the chain. Bitcoin wallets hold secret information called a private key or seed , and it is used to sign transactions, providing a mathematical proof that comes from the owner of each portfolio.

The signature also prevents any change in the transaction after its issuance. All transactions are distributed among users and usually begin to be confirmed by the network at 10 minutes by a process called mining .

How can you get Bitcoins?

Bitcoin can be obtained in several ways:

- Through mining 
- As payment for goods or services. 
- Buy them in a currency exchange in Bitcoin. 
- Interchanging them with someone

Mining is a distributed consensus system that is used to confirm pending transactions , including chain blocks.

It imposes a chronological order in the blocks of the chain, protects the net neutrality and allows different computers to agree on the state of the system.

The transactions pending confirmation must be included in a block that must match very strict cryptographic rules that will be verified by the network. These rules prevent the modification of a previous block, since it would invalidate the rest of successive sequences.

In this way, no individual can control what is included in the chain block or replace parts to cancel their own expenses.

There are many platforms that are dedicated to the sale of this currency (taking advantage of its volatility). In these platforms you can buy and sell your Bitcoins.

To sell your Bitcoins, simply look for these sites, create an account and trade your Bitcoins at market price or wait at the price at which you want to sell them.

One of these platforms is Local Bitcoins .

The most effective ways to make money with Bitcoin

-Bitcoin faucet

One of the frequently overlooked ways to make money with Bitcoin is to build and manage your own Bitcoin faucet. You can earn around $ 50- $ 800 a month for managing your own Bitcoin faucet. The process of handling a faucet is very simple and explained in every detail in this guide .

When managing your own Bitcoin faucet you will be paying a small amount of Bitcoins to your users (automatically) but you will get much more profit through the ads that you put in your site. Here’s how to get started with your own Bitcoin Faucet .

Part 1 – What are Bitcoin faucets?

Bitcoin faucet is a website that gives out a small amount of Bitcoins to its visitors. The amount can vary anywhere from 100 Satoshis (0.000001BTC) up to 10,000 Satoshis and more (0.0001BTC).

Usually after you receive your coins you need to wait for a certain amount of time until you can ask for another batch. The original Bitcoin faucet was operated by Gavin Andresen , The Bitcoin Foundation’s chief scientist. It started out around late 2010 and it gave visitors five Bitcoins for free. Back then, each Bitcoin was worth something like $ 0.08. The whole idea was to spread the word about the world’s first cryptocurrency.

How to Make Money from Bitcoin faucets

You can ask yourself why people give away free Bitcoins. Well, there are 2 answers for that:

#
p<>{color:#000;}. They are trying to teach people about Bitcoin.

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p<>{color:#000;}. They are somehow making money from it.

Of course you can probably guess that # 2 is the main reason people set up faucets. Just so you'll get an idea of how big the faucet industry is, almost 50% of the leading Bitcoin websites today in terms of traffic are faucets.

But the question remains: How can you make money from these faucets? Well, most of these websites have an overwhelming amount of ads placed all around them. Some deceitful faucets even place their ads in places which will get you to accidentally click the ad instead of the “claim bitcoins” button.

So the business model of these faucets is bringing cheap traffic in and getting them to click on ads. But where do they get their “cheap” traffic from?

From a referral system.

Faucets will let you earn a percentage of the Bitcoins they give away to visitors you brought in. This method is so successful that it is the main traffic source for most faucets and it also created a new type of website – The Bitcoin faucet rotator.

The site rotator is a site that allows you to quickly surf through different faucets without opening a new site or tab each time. The links to each faucet inside the rotator are referral links and the rotator owner earns the commission from each faucet you visit through it as well.

At this point you may be thinking, “Hey I can make lots of money by visiting faucets!” Well I’m sorry to burst your bubble but trying to get rich out of visiting faucets is not a realistic option. You’d probably just be doing your homework going from website to website ending up with no more than a few bucks after hours of work.

Even if you sit at your computer 24 hours a day, claim a new batch of coins every 30 seconds and manage to find only faucets that are paying 10,000 Satoshis (which practically do not exist), you would still be making 0.0024 Bitcoins a Day.

Another thought that may pass your mind is, “So maybe I can make a lot of money by creating a faucet!” Well, this may be true, but you’re going to need A LOT of traffic in order to generate substantial revenue. However this is exactly what this post is about.

So keep on reading and let’s see exactly how much I’m making with my own faucet at the moment. 

Part 2 – How I Got Started with my own Bitcoin faucet

Around a month ago I noticed an ad on Flippa that listed a Bitcoin faucet called “BitcoinGenie” for sale. At the time the site had a huge amount of traffic (around 240K users each month) and was making ( according to its owner ) $ 850 / month. Here’s an overview of the site’s traffic between Sep. 1 – Sep. 30, 2015:

As you can see, the site was doing pretty well. I decided to jump on the opportunity and bought the website. However I wanted to use a different name for my faucet, something shorter and more catchy. I ended up going with Milli and redirected all of the traffic from Bitcoin Genie to miili.io (on November 2016 I embedded Milli into 99Bitcoins as the official faucet for the site).

Ever since then I’ve been testing out different payment models and ads in order to try and maximize my profits through this faucet. In this post I’m going to reveal to you my exact stats from Milli and I will also keep updating the blog from time to time once I get any additional insights.

-Create your own Bitcoin website to generate passive income

One of the most missed chances to make money with Bitcoin is probably to start your own Bitcoin information website. Unlike a faucet, this type of website will explain the basics of Bitcoin to new users, while earning money through ads and affiliate offers. It takes a little time and a small amount of money to start but in the long run it will probably give you the best return on your investment. Here you have a video course explaining this process completely.

[* -Write- Turn your literary skills into money *]

The Internet is filled with endless forums and message boards, and this creates opportunities. These forums offer great opportunities to spread the word about products and services, and some companies even pay you to promote their products in those forums. Often this involves modifying your signature and putting an ad code inside it.

Other websites will pay you in Bitcoin for writing articles and blog entries. You can also create your own blog, insert ads in it, and get paid in Bitcoin. If you happen to know another language you could also do some translation work for Bitcoins.

Either way if you can write, you can win Bitcoin. Most of the opportunities are in English, but there are some in other languages.

-Sell products and services

Remember, Bitcoin is a coin. This means that you can earn Bitcoin by selling almost any type of product or service, simply by accepting Bitcoin as a payment method. Even major websites, such as Overstock.com, now accept Bitcoin as a payment method.

If you happen to be a high-ranking seller, or good with the arts and crafts (among many other things), you can sell your services and products, and accept Bitcoin in return. But just like any other type of business you will have to go out and promote for yourself your products and services.

If you are already selling something, you should consider accepting Bitcoin as a payment method, if you have not already done so. If you are not selling something, it is a good time to observe the market to identify needs, and find ways to meet those needs. Bitcoin offers a wide variety of opportunities to bold and ambitious entrepreneurs, and fully digital currencies make managing a business around the world cheaper and easier.

[* -Minar Bitcoin- Mine your own wealth *]

Minar Bitcoin is possibly the oldest way to create wealth through Bitcoin. Bitcoins are created through the resolution of complex algorithms that create blocks that are added to a public accounting book. This public accounting book is the history of all transactions conducted through Bitcoin.

This is the way with a higher risk of all that we have seen. With bitcoins you can rent hashpower on sites like Miningrentals. Equipments that execute all kinds of hash algorithms suitable for each type of digital coin can be rented. 
Leasing mining equipment in the cloud can be a fun activity if you do research before choosing which currency to invest in. However, do not make the mistake of renting mining equipment in the cloud that promises daily payments.

^^1^^

Long story short, the miners basically build the public accounting book allowing the entire Bitcoin system to function. Both create new blocks, miners are rewarded with new Bitcoins. This encourages more miners to participate in the action, allowing the Bitcoin community to grow.

Some time ago, people could use their home PC to mine Bitcoins, but over time mining has become more difficult as algorithms have become more complex. Now, you either need to buy a specially built mining rig or join a mining pool that harnesses the power of multiple computers.

If you want to check the profitability of mining Bitcoin today use a Calculator to Minar Bitcoin .

[* -Invest- Take advantage of the growing value of Bitcoin *]

Last Month BTC was worth $2000 and Now it’s $4000+, It means if you had invested last month you would have made $2000 profit per coin.

Since Bitcoin has a limited supply and its production is tightly regulated by itself algorithms, Bitcoin has numerous integrated anti-inflationary considerations. This means that over time Bitcoin should gain more value.

[* -Bet- If you're lucky, you could make some money. *]

Now, you are probably familiar with online casinos. They are quite simple. You play a game of luck, or based on skills like poker, and if you win, you win money. Bitcoin makes it easy to bet and you can win big amounts of Bitcoin if you have a jackpot. Of course, when it comes to betting the house always wins in the long run, therefore the risks are high.

-Reward

This is one of the easiest and easiest way to get Bitcoin, you can generate 20% of your Bitcoin money, just keep your money at Bitcoinplus.org (a digital wallet) for a year. This percentage is calculated 20% of what you have in your virtual account. If in the course of a year you have 10 Bitcoin you can expect to receive 2 Bitcoin by the end of that year. It is what we know as fixed-term deposits according to the common banking.

-Undermine

This form consists of solving mathematical problems, in a period of 10 minutes thousands of people compete online and the first one to solve the problem receives Bitcoin. To participate, you must select the page where you want to mine, then register, you must cancel a fee for your participation and each page varies the number of fractions of Bitcoin free to receive.

-Earn Bitcoins through tips

This form of profit, has some similarity to receiving Bitcoins as payment method. You must have a virtual wallet, a BTC generator and a QR code. Thanks to this modality you can receive tips, whether you have a physical or virtual store. Also if you own a virtual blog, you can place your Bitcoins address at the bottom of the page, and the rest will be expected the reader to decide how much to tip you off.

-Win Bitcoins with interest payments

If you already have some Bitcoins, put your Bitcoins to work for you . Earn Bitcoins through interest payments by making loans.

*
p<>{color:#000;}. Make a loan directly to someone you know. This allows you to personally evaluate if the borrower is reliable. Then the two just have to agree on terms such as duration and interest rate. The downside is, however, that you probably will not find many acquaintances that are compatible with the amount, duration and interest rate that you demand and expect. But it is a good way to win Bitcoins.

*
p<>{color:#000;}. Bicoin’s peer to peer loan pages with listings from several borrowers are another option. Bitbond is an example of a peer-to-peer loan page. Borrowers publish loan applications and you can contribute to the loan. You can finance small portions of many loans and thereby diversify your risk of loss. Bitcoin loans usually work in the same way as a traditional currency loan. The borrower gets a certain amount of money for a certain time and repays the money with interest. There are two things you have to take into account when you make a loan with Bitcoins. The pages must be reliable and the borrower must also be reliable . When the page evaluates the creditworthiness of the applicants, the information revealed about the borrowers may be more reliable.

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Guide To Earn Huge Money With Bitcoin in 2017!

  • ISBN: 9781370260065
  • Author: Alian Nadeem
  • Published: 2017-08-16 00:32:15
  • Words: 2640
Guide To Earn Huge Money With Bitcoin in 2017! Guide To Earn Huge Money With Bitcoin in 2017!