Learning How to Mine Bitcoins
Thanks to its meteoric rise, Bitcoin is now one of the most frequently discussed currencies in the world, crypto or not. Everybody seems to have a strong opinion on it, despite not having any. In this article, we are going to talk about how to earn Bitcoin. Bitcon mining.
The very first thing you have to understand is that there are no simple ways to earn Bitcoins. There are no easy ways to make a great amount of USD either. It’s all about how much money/time/effort you’re willing to spend on your cryptocurrency mining crusade. And just to reiterate, there’s no such thing as free Bitcoins. Never trust a website that says it can help you get free Bitcoins. We know it’s tempting, but it’s a 100% scam.
Top 5 Ways to Earn Bitcoin
Let’s go over some of the safest/surest ways of making cryptocurrency, including the aforementioned mining.
Micro tasks. Everyone has heard of these websites where you get paid to click on stuff. You mostly click on suspicious-looking ads, browse websites with annoying pop-ups, etc. This method, on average, takes up a ton of time but won’t EVER earn you a big amount of Bitcoins.
Small jobs. Hopefully, you’re good at writing articles. Some cryptocurrency-centric sites pay you in Bitcoin if you are able to conjure up a good article.
Bitcoin lending. It’s possible to get very high returns via Bitcoin lending. However, as they say, with high returns comes high risk – people may try to screw you over. That’s why you need to be incredibly careful.
Bitcoin investing. Huge disclaimer here: avoid those. Never EVER visit one of those websites. They claim that they will make you money via some dark voodoo magic, throwing in big business/investment words. Scams. Avoid.
Now, here’s the best option – MINING.
Obviously, mining crypto is not an easy way to earn Bitcoin. It’s not a fast way, either. It takes a lot of time, money and effort. Right from the get-go, you need to invest in mining hardware.
When we say “invest”, that basically means the following: you NEED to buy the single best Bitcoin miner, no matter the cost. The hardware has to be efficient in order for you to make a profit, otherwise, all your earnings will go into covering electricity bills. There’s plenty information regarding what kind of miner is the best one on the internet, this subject alone deserves painstaking research and meticulous budgeting.
Then you download free mining software. Once the hardware part is taken care of, you need to download a special app used for mining. There are many free ones out there, you just need to do your research once again.
Once you’re done with that as well, you need to find a Bitcoin mining pool to join. Without joining one, your chances of actually earning a single Bitcoin go down drastically. These pools enable people to work together and share the rewards.
The final step – set up a wallet. Never EVER forget to enable two-factor authentication, you just cannot be too careful with a decentralized payment system/currency.