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At the time of writing this article, about 16.7 million of these Bitcoins have been successfully mined, leaving more than four million on the desk for Bitcoin miners.One thing you'll need to know about Bitcoin mining prior to getting into it is that the problem increases over time. In other words, it will require more time and more computing power to generate each subsequent Bitcoin.

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By now, but the problem has gone up so much that much more specialized equipment is needed.One way to strategy Bitcoin mining would be to do it yourself. To do this, youll need to invest in a Bitcoin miner. Bitcoin miners are external devices that provide the necessary computing power to make Bitcoin in todays high-difficulty environment.

Small USB miners start at under $100, while larger, more potent mining devices can run into the tens of thousands of dollars. Although the initial investment of buying a Bitcoin miner can be pretty large, it allows you to create your own steady stream of new Bitcoin until the whole 21 million has been reached.If you opt to start mining your self, be sure to keep the peripheral prices in mind.

If you have a massive miner that produces a substantial amount of warmth, then you can also have to install a cooling system to keep it running properly. Together, these costs can eat up a lot of the gain margin in Bitcoin mining. Luckily, when Bitcoin continues to appreciate in value, these peripheral costs will eventually be compensated for retroactively during that appreciation.If you dont want to go to the initial expense and hassle of setting up your own personal Bitcoin mining operation, you can still get in on the action with what is known as contract mining.

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This contract will last for a certain period of time, and all Bitcoin mined during this time on the equipment youve contracted will be sent to your Bitcoin wallet. Two of the most major contract mining solutions are Genesis Mining and Hashing24. Contract mining is an easy and passive method that you collect Bitcoin, even though it will cost more over the long run than having your own Bitcoin mining equipment. #2 Complete Micro-tasks for BitcoinThough mining lets you earn Bitcoin faster than any other method, its high investment threshold means it wont be suitable for everyone.

Micro-tasks are small, simple actions, such as viewing an advertisement or engaging with a post on social media. Though the pay is usually very low, micro-tasks are most likely the simplest way to get into Bitcoin.One of the greatest places to go to get started with micro-tasks that pay in Bitcoin is CoinWorker, a marketplace that specializes in these tasks.

Though many jobs on CoinWorker cover as little as $0.03-0.05, some do pay over $1.00. Tasks listed on CoinWorker are typically very simple and require only click resources a couple of minutes to complete.There are also several sites that will pay you little amounts of Bitcoin for viewing advertisements. As with other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly easy to perform.

A number of the best sites that enable users to see advertisements in exchange for Bitcoin include CoinAdder, Ads4BTC and Advercoins. #3 Bitcoin FaucetsBitcoin faucets are somewhat like micro-tasks in the sense that they cover very small amounts of Bitcoin in wikipedia reference exchange for a small amount of your time often around 1 Satoshi, which can be a hundredth of a millionth BTC.

Bitcoin faucets pay amounts which are almost too small for many customers to bother with, but theyre a good way to break into the world of Bitcoin and start to see a little amount of cryptocurrency in your pocket.  Moon Bitcoin is one of the most popular of those faucets, but there are many others out there, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne among the most interesting developments in Bitcoin over the last few years has been its emergence as a rather common investment asset.

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As one might imagine, investment is one of the more rewarding methods of making money with Bitcoin.The most basic kind of Bitcoin investment is buying and holding Bitcoin until its cost goes up enough to turn a profit. Thanks to the high level of price volatility, Bitcoin has generated some incredible gains for investors who pursued this plan early on.

Of course, this can be an extreme case, but it does demonstrate exactly how profitable Bitcoin investment has been for many traders who've been willing to hold their investments for long lengths of time.One of the problems that has plagued Bitcoin investment in the past directory is the absence of reliable exchanges.

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