Ways to earn money on bitcoins - free satoshi, cloud and farm mining, playing on the course

The growth of the exchange rate of the first cryptographic currency bitcoin against the backdrop of a decrease in the cost of traditional investment objects encourages many people, even those who are skeptical about cryptocurrencies, to begin to be interested in this topic. To understand how to earn bitcoins without investing in mining equipment, you should consider how to set up automatic Satoshi earnings from faucet sites on the Internet. Satoshi is one hundred millionth of a bitcoin, a kind of “cent bitcoin”.

What are bitcoins and how to earn them

The word "currency" means a product capable of performing the function of money when buying and selling on the domestic or international market. The value of traditional currencies previously depended on the gold reserves of the issuing countries, now on the limits provided by the US Federal Reserve. The first-born of currencies based on other principles of independence, blockchain and cryptography - bitcoin, was created in 2009 by a group of programmers led by the Japanese Satoshi Nakamoto.

The advantages of the new cryptographic currency were appreciated, and in 2019 the cost of 1 btc exceeded 3000 USD. Its extraction, or mining, is available in several ways, including:

  • the ability to create mining farms using computer processors, video cards;
  • the use of powerful special ASIC modules;
  • cloud mining;
  • collecting Satoshi from faucet sites on the Internet;
  • stock trading.

Free bitcoins

Crypto companies and crypto exchanges, using the bitcoin trend, are trying to attract a large number of investors with tempting offers, free distribution of Satoshi. To popularize electronic currencies, Internet portals are created with easy registration and the ability, when performing a simple task, to get a small piece of bitcoin - a small amount of Satoshi. For the same purpose, computer games are created, in which Satoshi serve as prizes.

bitcoin mining

The openness of the bitcoin cryptographic code provided everyone with the opportunity to generate this crypt. For this purpose, at first, ordinary computer capacities were used, then it was necessary to create farms from several processors or video cards. The increasing complexity of mining with each new block led to the creation of programmable FPGA matrices, special ASIC processors.

Creating farms using this expensive equipment requires huge financial costs. The solution to this problem was the unification of miners from different countries into pools and the creation on this basis of cloud services that provide an opportunity for any Internet user to connect to the collective mining of bitcoin. Cloud mining is available even when using the power of a conventional computer.

Earning bitcoins without investment

The number of people who want to mine cryptocurrency is constantly growing. The Internet offers several types of additional bitcoin earnings without investments:

  • Faucet sites attract new users to their pages by giving away Satoshi for free. They offer easy tasks or tests in order to keep the visitor longer and force him to click on an advertising banner or link. First you need to create a bitcoin wallet.
  • Bots of faucet sites automatically sort through sites, log in to them, complete tasks, solve captchas, click on the button to receive cryptocurrency.
  • Game bitcoin generators work like a casino or roulette, in which free Satoshi are offered as a first deposit.
  • Solo mining using the computing power of the farm or a personal computer.
  • Cloud mining and bitcoin pools organize mining by combining a large number of disparate miners with different mining capacities.

Where can I get Satoshi for free

Registration on faucet sites is simplified, you need to enter your email address, password and bitcoin wallet address. The TOPs in the list of faucets in 2019 are special services:

  • BonusBitcoin - Gives out free Satoshi every 15 minutes, with a 5% daily bonus on balance. The minimum withdrawal amount is 10,000 Satoshi. A lot of advertising.
  • FieldofBitcoin is a bitcoin faucet that allows you to collect Satoshi every 10 minutes. The client has 3 attempts to choose a prize. Withdrawal threshold - 10,000 satoshi, pays directly.
  • FrogFaucet - every 10 minutes you choose a prize by jumping with the toad through the swamp until the crocodile eats it. The minimum withdrawal amount is 25,000 Satoshi;
  • CoinCollecting - in order to see your prize, complete an easy task, then enter the captcha and get satoshi.

What are bitcoin faucets

Internet businessmen seek to get the maximum income, using the interest of a large number of people in bitcoins. For this purpose, advertising sites are created that offer free Satoshi in the amount of 10 to 200 pieces for 10-15 minutes of being on this portal. Passing a simple registration on such a site, the client indicates his email address, password, enters the address of the bitcoin wallet. The faucet site makes a profit from viewing ads by its customers, from clicking on advertising links or banners.

Having done the simplest tasks, the client clicks on advertising banners or links. For each transition, the site owner receives money from advertisers, and the first satoshi is credited to the client. The withdrawal limit is set - from 10 to 30 thousand Satoshi. However, it is not easy to collect such a number, many leave the site, while all their winnings are returned to the owner. Faucets provide quick, no-investment earnings to start a business with virtual currencies.

Completing tasks

The scheme of operation of bitcoin faucets is based on the receipt of income from advertising and the payment of part of it to those who wish to earn in the form of Satoshi. These sites will not enrich clients either intellectually or financially. Simple tasks offered by these resources, in addition to keeping you on the portal, may contain banal offers to click on an advertising banner, follow a link, register for a mailing list, or like an advertisement on social networks.

Faucet profitability

The use of faucets can show a relatively good profitability when using bots. It should be understood that no site will pay customers more than their advertising revenue. Therefore, it makes no sense to look for new weakly untwisted cranes - it will take a long time to wait for serious revenues from them. Popular satoshi faucets in 2019 include:

  • ClaimBTC is a good faucet, paying out coins three times within 1 hour, no overlays;
  • TakeFreeBitcoin - income can be 2-3USD per day.
  • BonusBitcoin is a well-known Satoshi faucet with a 5% bonus on the daily balance;
  • Bitcoinker - a site that gives a 25% bonus for using the Haro wallet;
  • Welovefaucets is a satoshi faucet with good design and lucrative jackpot.

How to get bitcoins for free in games

Many gaming services use the popularity of bitcoin in their games, lotteries:

  • PocketDice is the world's best bitcoin dice service, intuitive interface, tangible bonuses of 1000 satoshi every 10 minutes, completely fair games, all bets, hashes for any game are public.
  • CoinBrawl - create a character with the goal of taking coins from an opponent.
  • MyBitMine is a gold mine.

How to earn bitcoins

If you are serious about bitcoin mining, you should prepare for large investments. Creating relatively inexpensive farms on processors or video cards does not solve the issue of bitcoin mining. These techniques and tools are suitable for other cryptocurrencies. For bitcoin, earnings remain possible only when using less energy-intensive specialized ASIC processors.

Cryptocurrency mining solo

Options to earn bitcoin alone with the help of mining are practically reduced to single attempts. It is not cost-effective to carry out this work in a systematic way - the costs will cover the profit. Some interest in solo mining is fueled by the rise in the bitcoin rate, which was estimated at 3200 USD on August 6, 2019. According to the innovative ideas of specialists who are engaged in the extraction of digital currencies, it is possible to create new methods of earning if you combine a large number of computers into a special bitcoin mining network.

Mining bitcoin in the pool

The extraction of new bitcoin units is possible by joint efforts by combining the capacities of several miners into a pool. Each participant, registering in the pool, downloads a special program, indicates the capacity of his equipment and automatically receives tasks to load his equipment. After solving the problem, the reward is distributed among the pool participants in proportion to the declared capacity.

cloud mining

It is possible to connect the power of your equipment or home computer to the pools of e-currency miners through cloud services. These platforms combine both mining and financial resources of users for the optimal ratio of their own and rented power. The results, as in pools, are distributed in accordance with the investments of each of the participants in the system, minus the service commission. The most popular are:

  • Hashflare - reliable and profitable cloud mining, rent power for SHA-256, Scrypt and Ethereum mining;
  • Hashing24.com is a reliable service, there is an opportunity to make real money, it is a partner of BitFury, in the cryptocurrency market since 2012;
  • Coinomia is a profitable cloud mining of Bitcoin and Ethereum cryptocurrencies.

Earning on bitcoins

The most popular cryptocurrency attracts the attention of a large number of people. Many are looking for opportunities. You should be aware that collecting free Satoshi from faucets, gambling with cryptocurrency is not a serious business. To create a business with bitcoin and other cryptocurrencies, you will need to invest a certain amount of money.

Electronic money has only been around for a few years, and new processes and ways to obtain it are likely to emerge. The improvement of computer technology, the creation of quantum computers will lead to the creation of new types of earnings on bitcoin. Many countries already recognize it as a serious currency. The Chinese government has included it in the list of reserve currencies for their country. The growth in the volume of trade for electronic currencies will only increase, spurring the creation of new and strengthening the role of already known digital money.

Investment in production

Cryptocurrency mining farms are booming and are the most popular way to earn cryptocurrencies. The most popular video cards used to build farms have become a big shortage in Russia and many Western European countries. Such farms allow you to earn income on the mining of different cryptocurrencies. Mining bitcoin by small farms at the current mining difficulty and block price is possible with participation in pools. Solo bitcoin mining is not profitable right now.

Certain prospects in this direction are mining using central processors. This type of extraction will be able to compete with other methods, as the leaders in the production of computer equipment will strive to improve the performance of their components. In this, the interests of producers and miners of cryptocurrencies coincide. AMD's latest Ryzen 1700X processor has 8 cores and runs at 4GHz. With low power consumption and low cost, it is able to compete with mining on video cards.

Cryptocurrency trading

The appearance after the cue ball of a large number of its forks, altcoins, and other cryptocurrencies led to the creation of crypto exchanges. To work on it, you need to register, in which wallets of all cryptocurrencies traded on the exchange, dollar, euro or ruble wallets are created for the client. Depositing your funds to the cryptocurrency exchange is free. To exchange your currency for another, you create an order-application indicating the amount of the required crypt and the desired rate. After a counter order with your conditions appears, the currency exchange takes place.

It is possible to withdraw both cryptocurrencies and fiat money from the exchange to bank cards or electronic payment systems. Most exchanges operate with cryptocurrency exchange rates against bitcoin, whose exchange rate against the dollar is also constantly changing. The Yobit exchange almost every week conducts an initial offering (ICO) of new cryptocurrencies, the emission of which is carried out by different companies. Having well understood this process, it is possible to earn on new forks, and then exchange them for bitcoin. It is possible to sell bitcoins both on the exchange and on exchangers.

Arbitrage between exchanges

Cryptocurrency rates on different exchanges may vary. At the same time, the difference in time zones or regions gives a gap of 5-10%. Buying cryptocurrencies on one exchange and selling on another is called crypto exchange arbitrage. For its profitability, it is necessary to track the rates of cryptocurrencies on the main exchanges, monitor the commissions for depositing and withdrawing fiat money. The main crypto exchanges are:

  • BTC-e - the most popular Russian-speaking exchange, there are BTC-e codes;
  • EXMO - exchange with the largest trading volume and fastest order execution;
  • YoBit is the largest set of cryptocurrencies, many types of earnings, there is a Russian language.

Selling goods and services for bitcoins

The first sale and purchase transaction using bitcoin took place in 2011. Now with the help of this cryptocurrency, a large number of calculations are carried out when trading. Many online stores trade for bitcoins. Everyone who has the opportunity to get bitcoins buys goods and services for this currency. Sellers who price goods for bitcoins need to monitor its price, due to the high volatility of the exchange rate.

The absence of a control center for bitcoin transactions imposes more serious requirements on the reliability of suppliers who sell goods through it. It is almost impossible to return transactions and transfers, so carefully choose and check the sellers of goods and services. Specialized sites appear on the Internet indicating wallets and scam sites.

Video