How to Earn Bitcoins Without Mining
There are people who prefer not to earn Bitcoins through mining. One such reason is because in order for Bitcoin miners to be profitable with recent technology, a lot of electricity is required to power the systems. As such, it is not profitable for everyone to earn using this way of earning. How do you earn Bitcoin then without mining? Here is a list of some websites that you can visit:
Websites such as BTCClicks payout for every advertisement that you visit on their sponsor websites. You will be required to view the ads for a certain amount of time, and you will be dispensed Bitcoins as a reward. This is one of the most common ways to earn without having to mine them yourself.
Bitcoins as Accepting a Means of Payments
Another easy method is to charge a service and decide that you will accept Bitcoins as a payment system. Any product online or offline can be legally traded , so this alternative will allow you to save on mining equipment should you want to start a business.
Accept Bitcoin Donations
Offer a service for free and ask for Bitcoin donations if the public likes your products. Donations using Bitcoin are simple and effective, and can even be less intimidating than using real currency due to exchange rates. The most simple alternative to mining Bitcoins by far, and an excellent model if you are a programmer who can create applications such as AdBlock that are popular.
Earn by Completing Tasks
Websites such as BitVisitor or CoinWorker allow you to perform small tasks such as watching websites or videos or simple analytical tasks. Depending on the length and difficulty, you will be rewarded accordingly with a certain amount of Bitcoins. Knowing how to complete these tasks quickly and efficiently is something that comes with experience, and this can be developed quickly.
Start Loaning Your Bitcoins
If you have the Bitcoins to lend to others for profit, this will bring in a lucrative return. Establishing trust and rapport is essential. You can use a Bitcoin banking model, where you place a deposit with a site that pays a fixed interest rate. If they don’t do a good job, you can lose your investment. However, good websites will yield a consistent return.
Earn Bitcoin Through Market Trading
Similar to using the stock market, you will want to safely use your Bitcoins to earn money through methods such as Arbitrage. Simply put this means buying low and selling immediately for a higher price at another location. You can start by visiting websites such as Bitcoin StackExchange.
Work for Bitcoin
Yes, it is possible to have a salary based on Bitcoin. Although most people who earn through this method are programmers or specialists, the job boards are always open for more individuals who wish to be paid through a different form of currency. Since Bitcoin has the opportunity to be more lucrative, it can also be a better investment for time.
Don’t Get Scammed!
Finally, be aware of websites that may try to scam you in offering ways to earn Bitcoins that is not related to mining. Although this list is not exhaustive, there are scenarios where websites may not pay out due to poor management or other financial reasons. Ensure that you invest heavily only in places that you can trust.
Alternatives to mining are viable when you know how to spread your portfolio. Thus is recommended that you use these mining alternatives only when there is a high probability that you can make a return on your investment, whether it be time or otherwise.
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