No one wants to be left out of the so-called “digital gold” revolution and everyone wants to know how to win Bitcoins in this market. In TodoIcos we have prepared this article to explain the different ways we have to obtain the main virtual currency of the Internet.
As an Introduction we can say that there are 3 ways to obtain Bitcoin: Working and getting payments in cryptomedas for it, buying it in the Exchanges and finally mining.
How to earn Bitcoins working on the Internet?
We’ll start explaining the safest way to earn Bitcoins, working for it. In this case it will not require us to make any investment and we will be able to do so without even leaving our homes.
But where can I work to earn Bitcoins? Are there job offers like this? Yes, in TodoIcos we have done the relevant research and we have evaluated what are the options that allow us to offer our services in exchange for Bitcoins. Here is a list of these websites.
We started with CryptoGrind because we consider that it is the best option to work for Bitcoins within the internet world. It offers a considerable number of options for grading jobs as needed.
The platform offers the Escrow service, which generates that you retain the client’s money to guarantee payment to the workers. By offering this service the platform charges a commission, however, the same is lower compared to other freelancer platforms in the market.
The platform only allows you to win Bitcoins and the vast majority of existing offers are oriented towards the English-speaking market. However, services may be offered which do not require in-depth knowledge of the English language.
This platform is important within the list because it has many employers registered on it. It is an ideal platform for those involved in web design, programming, graphic design and writing, as these are the job offers that can be seen most within the portal.
The Coinality system is very simple, employers or clients offer a job, giving details about what they need and workers registered on the platform submit proposals to perform these jobs.
The important difference between Coinality and CryptoGrind is that it does not offer Escrow service to guarantee payments and that it contemplates the option of paying with other cryptomonedas beyond Bitcoin.
It is a platform with a very basic but very efficient concept. In addition to giving customers options to post their job offers, they also allow workers to post their services. The most positive aspects of this platform is that the publication of the offers are totally free and that they are very varied, they have offers even related to leisure and fun.
The platform functions as an employment exchange where customers publish the needs that have to be met. The offers are very varied, ranging from part-time jobs to full-time jobs. They also offer the possibility of doing only one job per contract.
In the platform there are usually works related to programming and web design, but there are also publications to get editors. This platform accepts payments in Bitcoin as well as other crypto currencies.
How to win Bitcoins in the Exchanges?
If you already have a good job that pays you in Fiat currency but still want to know how to earn Bitcoins, then you can choose to buy it. The reality is that there are two types of platforms where we can make the purchase of this digital currency: The Exchanges and the market portals P2P (Peer-to-Peer).
Buying by Exchanges is safe and any user can buy Bitcoin by these mechanisms. To buy here we must open an account in one of the many Exchanges that exist within the market, verify that account with our data and see what are the purchase mechanisms to acquire our Bitcoins.
There is also the possibility to buy through a P2P market. The one we recommend in TodoIcos is LocalBitcoins, a portal that offers security and comfort to buy Bitcoin anywhere in the world. It offers us a large number of options to buy and sell Bitcoin and all this with a very useful Escrow service to ensure the proper conduct of operations.
How to win Bitcoin with mining?
Bitcoin’s Blockchain network is maintained by miners who lend their computational strength to solve the network’s cryptographic algorithms so that transactions can be processed.
In the early days of Bitcoin, you could mine with simple computers, however, as the popularity of crypto asset increased, the mining of Bitcoin began to become more difficult and computers were no longer enough. Video graphics cards were used for GPU mining in order to obtain more computing power within the process.
However, that mining lasted very little time and finally the algorithm SHA-256 was given with the mining of specialized machines ASIC. However, these machines, as mentioned above, are expensive and require us to make a significant investment both to purchase the equipment and to keep them permanently connected. They are equipments that have a high electrical consumption and need to have some cooling so that the equipment is optimal, which also consumes energy.
To determine if Bitcoin mining has any kind of profitability we must calculate the cost of electric power and the cost of acquiring the equipment. In countries where the price of electricity is very high, Bitcoin mining is totally unviable.
Given this reality, the mining of Bitcoin is only considerable for those countries where electricity is subsidized by the State (such as China or Venezuela) or in countries where the production of energy is given by means of renewable energy and therefore is more economical. For countries where mining is not possible, it is more cost-effective to purchase Bitcoin on an Exchange rather than through mining.