Browsed by
Author: Quentin Lee

Ways To Make Money From Bitcoin

Ways To Make Money From Bitcoin

If you are interested in making extra cash online, then bitcoin offers the best option for doing so. From the time bitcoin become the most popular digital currency, various forms of earning money from the digital currency have emerged. Some methods of making money with bitcoin are new, while others are as old as the digital currency itself. In this article, I will show you how to make money with bitcoin.

1. Mining

Some people have claimed that bitcoin mining is not profitable because of the high cost of powering miners, an increase in the rate of difficulty, and the reduction in the bitcoin reward. However, people still carry out mining activities on a larger scale you just need to be aware that profits might be smaller than they once were. But look at the long term potential with Bitcoin. If the price truly can go to $100k and beyond then it will be profitable in the long term.

2. Mining Pool

Due to increase in difficulty in mining, the endeavor has become less profitable to solo miners. This means that to make a profit, you will have to join a mining pool because it enables you to reap small profits in the short term. The advantage of a mining pool is that it allows miners to gather their resources and consolidate their hashing power, while sharing the profits equally based on the amount of shares they invested in solving a block. You have to make sure you are joining a legitimate pool though, it’s best to go to https://pool.bitcoin.com for cloud based mining pools in my opinion.

3. Mobile Games

The bitcoin android space is currently supporting some important applications. One of these applications is the Oh Crop game, which is based on zombie plants. Players are supposed to defeat evil plants, and if successful, they are rewarded with bitcoins.

4. Faucets

Apart from mobile games, you can do small tasks in order to make money with bitcoin. All you need to start is a bitcoin wallet. Certain website allows visitors to solve captchas and pay them with satoshis, which are tiny amounts of bitcoins. The website generates income from the advertisements shown on their pages. People who visit the website to answer simple questions or solve captchas are rewarded with a small percentage of the profit made by the website owners.

5. Read eBooks

Some websites pay users in bitcoin to read classic books. Paid books are more rewarding compared to the normal faucets. For instance, currently you can receive 400 satoshis for every ten minutes spend reading a classic book. The websites also offer a jackpot of 800 satoshis, which is 90% more than the rate offered by free bitcoin faucets.

6. Watch Videos

You can actually be awarded free bitcoin for watching videos. Before watching your first video you will need a bitcoin or a Xapo account. Most of the videos are short, and you could be awarded bitcoins for watching a video that lasts less than a minute. The bitcoins will be sent to your account instantly after you finish watching the video.

7. Get Paid in Bitcoin

If you did not know, some people work and get paid in bitcoins regularly. Most organizations have not considered the idea of paying their workers in bitcoins, without special arrangements. Nevertheless, organizations are slowly adopting bitcoins as one of their payment options.

Besides working for an organization, you can also work from home and be paid in bitcoins. Some sites offer jobs and pay exclusively in bitcoins. Some of the jobs offered on the site are simple and consume less time, and are a great way to earn bitcoins and make some extra cash.

There are a number of ways to get paid with Bitcoin but it’s important to make sure that you are storing your Bitcoin in a correct way. For that my personal recommendation is the Nano S from ledgerwallet.com as it’s secure and it’s hardware so it can’t be hacked.

8. Make Money from Buying and Selling Bitcoins

You can make money from trading in bitcoins, despite the fear of cyber attacks that result in theft of the digital currency as witnessed in the past. Basic trading in bitcoins means that you buy the cryptocurrency when the prices are low, hold on until prices increase, and then sell to make a profit. Alternatively, you could trade in bitcoins through arbitrage by buying the cryptocurrency cheaply from one dealer and selling it at a higher rate elsewhere.

9. Starting Up Your Own Website

One of the least explored ways on how to make money with bitcoin is starting up your own website that provides information on the cryptocurrency. This type of site explains bitcoin dealings to visitors, while the owner of the site earns revenue from the advertisements and affiliate offers. This approach of making money require patients at the beginning, but in the end, it has the highest return on investment.

10. Selling Goods and Services

Bitcoin is currency, and this implies that you can make money by selling different types of products and services and accepting the cryptocurrency as payment. For example, you can do affiliate marketing or sell arts and crafts and accept bitcoins as payment.

11. Earning Bitcoin Through Alt Coins

A good way of earning bitcoin is actually to invest in alt coins and ICO’s that increase in value quicker than Bitcoin does. You can actually invest in these against the value of Bitcoin and when they go up you will earn more. Obviously it’s easier said than done so it’s worth looking for reviews of ICO’s to know which are worthy of your investments. You can check out The Token Investor blog to see which ICO’s are worth their salt and which aren’t.

USI Tech Review – Good Opportunity For 2018?

USI Tech Review – Good Opportunity For 2018?

Cryptocurrencies have been an active trend and prevalent in the major markets around the globe.

They are both diverse and powerful alternatives to ordinary currency as well as being very powerful means of exchange which is independent and well placed away from the scrutiny or interference by the government.

It is also a safe way to trade as all the transactions are interrelated and any tiny changes in the way things are going on will be reflected throughout the ecosystem which makes this an ideal means of doing business all over the globe in addition to keeping markets active and thriving.

Where Does USI Tech Fit In

usi tech logo

I was recently invited to join a company called USI Tech which states that they can help you make 1% per day which is compounded. To be honest I was skeptical but wanted to put together an honest review. I have consulted various online publications as there are many blogs and YouTube channels in the space offering their advice. My first stop was over at the YouTube channel of Ethan Vanderbuilt as he offers many useful reviews albeit quite negative.

I’ve also checked out the review of USI Tech by NoBsImReviews.com as they are one of few honest review blogs (despite their heavy promotion of the AWOL opportunity) but the reviews themselves are actually legitimate unlike other blogs that flat out promote whatever they are reviewing regardless of whether it’s a scam.

After doing my research my findings are as follows. I hope you enjoy my USI Tech review:

There are several paths to trading with Bitcoin and one of them is joining up with an already established and tried entity to be able to enjoy the same benefits that so many others are already enjoying. Such is what USI Tech aims to offer by introducing the Bitcoin concept to all its members in addition to giving them the opportunity to become part of the dealings and trades by letting them earn bitcoins and use them on their own.

After all, trade lies on the currencies and habits that have long been established as well as the inclination towards new means of doing the trade.

As part of the system, you will enjoy dealing in cryptocurrencies which are the most advanced currencies with security features far outstripping what the governments of the day are using. As part of a blockchain in the bitcoin network, you contribute a tiny fraction of the overall resources and your efforts do not go unrewarded. As the network grows, so does your rewards and this is what makes these currencies so powerful no matter what you get to use them for. It is also a great path to retiring early and you earn compounded interest as well as an edge on the market.

In the history of cryptocurrencies, there has always been the myth that being part of a group gives you greater returns as compared to when you are going it alone and using your resources to try and reach the rest of the pack that is united under a common goal. There is greater power in being united towards reaching the same goal and this is what the initiative is aimed at, giving you greater returns as opposed to what you rightfully deserve by calling upon the rest of the network. It’s both a useful and productive resource which is encouraged for those seeking to make headway into bitcoin and cryptocurrencies.

There is no doubt as to the security offered by these currencies and they tend to be more powerful as a means of exchange than their traditional counterparts. When you have signed up to be part of the tradings, your rewards and contributions to the overall efforts will not go unnoticed as every component of the system is duly rewarded for what they have contributed to the system. USI tech is a great opportunity for making headway into the world of encrypted currencies and has got enough space for the cryptocurrency enthusiast. Businesses can indeed benefit from this by getting better and more secure currencies to trade in and the bitcoins are great for dealing over the internet without worrying about interference or government intervention as they do not have the rights or authority to influence how you are trading in the cryptocurrencies world.

USI Tech Conclusion

As a company, USI tech has been growing at a rapid pace with their business model seeing to the success of many who have tried it. It also has a huge backing with the community behind it growing and surging in numbers. It has also grown in popularity by quite a bit and the participants are being able to benefit from their involvement by doing better business using the advanced means of trade and making payments. Mining and investing in cryptocurrencies and bitcoin has been around for a while now and an ideal strategy will see you make definite progress in the world of bitcoin by leaps and bounds. No matter what stands in your way to progress, joining an accredited and proven cryptocurrency will see to it that your trading is both successful and event-free. You can also try out the cryptocurrency for the safety features and long-term investment security that is made evident through bitcoins.