Do you wonder where you can get some free bitcoins? For many of us, the discovery of Bitcoin is like the discovery of organic foods. We can see the benefits of using them but find it difficult to justify the cost, and then there is the risk that we’ll be getting a bad deal since we don’t know what we’re doing.
Mining!!! In the real world we know what that means, for example in the case of the gold industry, but mining bitcoins? Bitcoin (and most other cryptocurrencies) can be mined by using your own hardware to assist the peer-to-peer processing of Bitcoin transactions. Whilst it is technically possible to use a reasonably powered desktop computer to mine for coins, it is not recommended.
If you had bought Bitcoins at $5 dollars just a couple of years ago with prices today above $600 you would have made a staggering 6000% percent increase.Thats pretty impressive. So there is much to be said about the buy and hold system here. The question is with bitcoins at over $600 whats the chances of another increase like that have we missed the Gold rush?
Well that all depends on your point of view. Remember the winklevoss brothers we talked about in the new rich list? They bought in 2012 and there holding about 1% of all bitcoins in existence. Question si why are they not selling? One could speculate that they believe bitcoin price has a way to go yet. Other pundits and financial gurus agree with a few predicting Bitcoins to reach $10,000. A recent Bitcoin conference confidently predicts bitcoin being $2000 at years end. So simply taking a punt and buying now to hold on for a while, could be a very profitable adventure. However if that is not exciting enough for you…
“With normal currency this method would not be considered.”
3. Accept Bitcoins as a mode of payment
This is perhaps the most convenient means to earn Bitcoins. If you are the owner of a small business, you can very quickly and easily start taking payment for your good and services, the integration occurs seamlessly and quickly, irrespective of whether you own an online business or a brick and mortar shop. Completion of the following steps will get you started:
Following the creation of the wallet, you are required to display a QR-code along with the Bitcoin address just by your cash register. Any of these two methods can be adopted in this case. Once the Blockchain.info (as mentioned earlier, you can go for other sites as well) account is setup , go for ‘Receive Money’. From the drop-down menu ‘Actions’, choose ‘QR-code’. Herein the image needs to be printed out together with the QR-code and placed by the cash register. Your clients would most probably possess a smartphone in which the Bitcoin app is installed, so that they are capable of entering the purchase value in EUR or USD. Automatic calculation of the equivalent Bitcoin value will be done by the app, wherein the existing exchange rate is taken into consideration. Once this is done, the confirmation of the incoming payment will be confirmed in the account. For using the other option too, you need to start off with ‘Receive Money’ and then click on ‘Create Payment Request’ from the ‘Actions’ drop-down. Now, the Bitcoin amount that should be paid by the client has to be entered and once this is done, the QR-code corresponding to it would be displayed. This becomes easy for the customer, because he is not required to enter any amount.
To follow this methodology, compute the Bitcoin amount against the corresponding USD or EUR price prior to entering it for generation of the QR-code. Imagine the PR value of being able to say you accept bitcoins for payment! There are of course several other advantages too, like no transaction costs or currencies losses.. At the entrance, stick a prominent ‘Bitcoin accepted here’ icon to catch the attention of your customers.
The logo’s printable version is easily available across the internet. Now that you are completely prepared, start earning those exclusive digital currencies by simply selling your services and goods.
Earn Bitcoin by surfing the web, yes it can be that easy
Complete tasks on websites and add free Bitcoins to your wallet
There are a number of websites which come with the idea for earning free Bitcoins in exchange for some task.. Many of these sites work on the principle that helps you to earn a little amount of Bitcoins just by going through the site. It is something like watching a number of ads one after the other and getting what you want (may be music clips or a film), somewhere in between.
While opting for such sites, remember that the return on investment that you are getting might be very little. Here, you are investing your precious time to go through these advertising sites. Here are some interesting portals which are worth trying: