Earning Bitcoins: Let Me Count the Ways

Although bitcoins have been around for more than 5 years, they gained a higher level of attention last year for a number of reasons. One reason for that is the “demand for the currency spiked a whopping 5,000 per cent in 2013, driving the price of a bitcoin from about $13 U.S. in January to more than $1,000 U.S. in November.”  Now that’s certainly a huge amount. According to an article in Huffington Post this was due to a large demand in China.

Now how about us today, in the here and now. How could we possibly benefit and earn through this now highly popular digital currency? Well, let me count some of the most common ways:

Mining. In the early days of bitcoin, this is done by running a software on home computers. As one runs the software, one is rewarded with newly generated coins. Today, more people opt for cloud mining where a professional does the mining and then they just get a share from it.

Image credit: Victor Habbick/FreeDigitalPhotos.net
Image: Victor Habbick/FreeDigitalPhotos.net

Doing small tasks and taking part-time or full-time jobs. Yes, you can earn bitcoins from doing small and simple tasks such as watching videos, visiting sponsor’s websites, doing minor admin tasks as well as completing surveys. You can also earn by simply joining an affiliate program. Yes, it can be as easy as that.

There are now also part-time and full-time jobs which will pay you in bitcoins. This can vary from programming to marketing and even writing jobs. And yes, you can find more information about these jobs online.

Trading and Investments. Trading bitcoins is just like day trading (think forex). You can access sites on the internet where you can do your trading. Before you do so, just like day trading, you will have to consider trends and do some analysis to get market insights.

You can also just choose to invest your bitcoins to earn some more without having to spend a lot of time watching and waiting in front of your computer for price movement. There are now a number of sites on the web where you can do your investing.

Selling Stuff or Goods. Yes, you can now have bitcoins as one option for payment for goods you are selling online. There are now marketplaces in the net where you can sell your stuff and get your share of bitcoins as payment.

They say that bitcoin as one digital currency is here to stay and we will continue to hear more and more about it. As we continue staying online, we can also count and try ways of earning our share of bitcoins.

One Comment

  1. Lynn said:

    This is the first time that I’ve heard about Bitcoins and knowing that one can earn from it, I will check it out and read more about it.

    September 27, 2014

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