How to earn bitcoins using a computer. Bitcoin how to earn money from scratch step by step instructions

Everyone wants to earn cryptocurrencies, but not everyone is ready to set up mining or invest in it. In addition to complex and serious methods, there are also simple ones.

Some foreign banks are ready to pay money in BTC, and basic operations are performed on them, websites are viewed and work is carried out on light orders.

If you are a beginner and want to collect some cryptocurrency, first of all consider simple sites for earning Bitcoin.

Books with withdrawal to Bitcoin are not popular in RuNet, there are no high-quality projects yet, so you will have to go to the bourgeoisie. There are plenty of suitable resources there.

What sites are there for earning Bitcoins?

Before presenting you with working boxes with withdrawal to Bitcoin, I would like to talk a little about projects for earning cryptocurrency in general.

In addition to axle boxes, beginners actively use cranes. It’s even easier to collect small amounts on them; you just need to enter the captcha. In the article about we have already presented a list of services.

Bonuses are distributed there after a certain time, for example, every hour. You have to constantly find time to enter the site, it’s not very convenient.

On axleboxes, you can complete tasks and browse websites without expecting anything. The pay there is also not high, but a little more than when collecting freebies.

Don't think that Bitcoin books will bring you big profits. These are sites for beginners, they do the simplest work.

The only way to turn such projects into a source of decent profit is to use affiliate programs. Attract referrals and receive rewards on different terms.

Best Sites to Earn Bitcoins

We won’t talk for long about the available ways to earn money, because now we have decided to find out which axle boxes are suitable for earning Bitcoin. There are quite a lot of them, but not all are good. Therefore, we have chosen the most profitable ones, interesting and stable paying projects:

– earning bitcoins by browsing websites with a maximum reward of 0.00109 mBTC. This is the most popular Bitcoin booking service, where the minimum payout is only 0.1 mBTC. Referrals earn from 40% to 80% (maximum per click 0.00087 mBTC). Premium account available.
— site for earning bitcoins in Russian. At the moment, 60 sites are available for viewing, the total reward for this exceeds 1000 Satoshi. To register, you need to provide your Email, Bitcoin address and create a password. Affiliates are paid 7.5% of income and expenses for advertising referrals.
– this is more of a crane than an axle box, but you also need to know about it. A cumulative bonus is offered here; the more often you collect it, the more you get. The minimum withdrawal requirement is only 10,000 Satoshi. Users have access to free games and the Over/Under game, where you can win Bitcoin.
– a full-fledged click sponsor, from which, in addition to Bitcoin, money is withdrawn to various payment systems. Over 200,000 users earn money here by viewing sites and completing tasks (Offers section). Minimum withdrawal is $5 (equivalent in BTC).
– paid over 900 million Satoshi. On this site, users receive 25 Satoshi for viewing each ad. The affiliate program accrues 20%. Payments are made only in Bitcoin, the minimum amount for withdrawal is 20,000 Satoshi.
– surfing sites, earning bitcoins, profitable affiliate program. For each of your clicks you can get up to 61 Satoshi, and for referral clicks you get 12 Satoshi. Payments are made through the popular faucetHub service, you need to collect a minimum of 10,000 Satoshi.
– a proven site for earning Bitcoin. So far there are just over 30,000 registered users. They receive up to 80 Satoshi for visiting sites, from 40% to 80% from referrals, withdraw funds from 0.0003 BTC and receive them in their wallets in a maximum of 72 hours.
– there are a lot of advertisers on this box, so there are always enough ads. The administration also offers additional methods of earning money, lotteries, surveys, bonus collections, and so on. The affiliate program is profitable, the minimum withdrawal requirement is 0.00025 BTC, money is credited in 1 to 3 days.
– the best Bitcoin Books from which payments are made to payment systems. There is no Russian language, but registration is simple. In your personal account you will see gray blocks, you need to click on them to view sites. After a few clicks, you will be offered to watch the video for money.
– you earn dollars by browsing websites, they can be withdrawn to Payza or Bitcoin. Up to 2 cents are paid for each transition, plus there are tasks. By attracting referrals, the minimum amount for withdrawal ($5) is collected much faster. They also give out bonuses when you click on the image cells.
– you will have to collect at least 200,000 Satoshi to order a payment from this site. They pay up to 0.000004 BTC for clicks, 5% comes from referrals, and there are additional ways to earn money. They offer to invest in shares or play gambling. Try to increase the Bitcoins you get from surfing.
– the design is no different from the popular mailer, which we have in first place. Here they also pay for visiting sites up to 0.00000173 BTC. You will receive the first 500 Satoshi as a gift for registration. If your referrals click, you will be credited with 0.00000035 BTC. Minimum withdrawal requirement is 0.0005 BTC.
– a simple foreign service where you pay for viewing advertising sites. Transitions bring up to 0.00110 mBTC, and referrals earn from 60% to 100%. To order a payment, you need to collect at least 0.3 mBTC, transfers are instant. Unfortunately, there is no Russian language.
– one of the best buxes paying in Bitcoins. In addition, payments are made through various payment systems. The system uses its own currency BAP. The more there are, the more often you get sites to view. They pay little for clicks, so it’s better to attract referrals.
– users have access to no more than 100 views per day on a free account. Therefore, the maximum income from visiting sites is approximately 0.00003 BTC. Before viewing, you must enter a captcha, and the minimum amount for withdrawal is 100,000 Satoshi.
– many people use the site as a bookstore. Satoshi bonuses are distributed here every hour, and you can use them to play gambling. Users also have access to a section with tasks. There are offers from different services and there are suggestions for visiting sites.

We have collected only the best boxes for earning bitcoins; there are many more of them created. While not everyone is trustworthy or pays so little that it is better not to use them at all. Register with proven services, here you can definitely earn extra money.

Other proven sites for earning bitcoins

If you are serious, then you should use not only axle boxes. There are a lot of other high-quality projects with which it is possible to mine Bitcoin coins.

Just be careful, scammers often take advantage of the interest of newcomers. To avoid falling for their bait, earn only on these trusted sites:

– bonus up to 5000 Satoshi every 15% and 50% of profits from referrals.
– regular and cloud Bitcoin mining (from PC and mobile devices).
– free bonuses every hour and 50% from referrals.
– cloud mining without investment (due to daily bonus).
– Bitcoin investments in trading, deposits and cloud mining.

How to earn Bitcoin? Earning Bitcoins is now more relevant than ever. This section contains step-by-step instructions on how to earn Bitcoin from scratch. Bitcoin is the most profitable way to invest money today. It’s no joke, in 2017 the Bitcoin rate increased more than sixteen times, from $970 in January to $16,600 in December. Many crypto enthusiasts simply do not know how to start making money on Bitcoin from scratch, and they also believe that it is too late to enter this market. But these are completely wrong assumptions! Bitcoin is developed on the basis of innovative Blockchain technology, which is in great demand in the world. Investors believe in Bitcoin and are ready to invest and invest entire fortunes in the first cryptocurrency. Bitcoin is capable of replacing the financial system we know in the future; sooner or later every progressive person will start using this coin. In the article you will find answers to the following questions: “What is Bitcoin”, “How to start earning Bitcoins on the Internet”, “How to make money on the difference in Bitcoin rates”, “What are the reviews about earning Bitcoins”, “How can you earn Bitcoins at home”, “Where earn Bitcoins”, “How to make money on Bitcoins with investments” and “How to buy, trade on the exchange and withdraw Bitcoin”. You can buy Bitcoin as quickly and easily as possible on the reliable cryptocurrency exchange Binance:

The biggest income from the growth of the Bitcoin rate can be learned by trading on the stock exchange. Binary options broker Binomo offers an excellent trading platform for making money on Bitcoin. To earn money, you do not need to have special skills or study stock trading tools. You just need to predict whether the Bitcoin rate will fall or rise during the selected time interval. Binary options are much simpler than Forex trading and much more profitable. You can get up to 80% profit in one trade. The broker credits all new traders with 10 thousand dollars to a demo account, which will help you learn binary options trading completely free of charge. In my opinion, Binomo is the best trading platform for earning Bitcoins today. For a detailed review of the broker, see. Click on the banner below to register on Binomo and start earning money on Bitcoin:

How to start making money on Bitcoins from scratch. Many newcomers to the crypto industry do not know where to start making money on Bitcoin. The first thing you need to do is study Bitcoin itself and understand what prospects are inherent in this coin. This section contains a lot of useful information; at the beginning of the article there are links to useful articles that analyze in detail the mechanism of Bitcoin and everything connected with it. Be sure to study all these articles, so you will have a clear understanding of how to make money on Bitcoins from scratch. After studying the background information, of course we need to buy Bitcoin. Without the coin itself, you won’t be able to make money. This is the first point from which you start making money on Bitcoin.
How to buy Bitcoin. The procedure for purchasing Bitcoin is quite simple. But beginners may have difficulties. Especially for beginners, we have written a detailed manual “”. There are two ways to buy Bitcoin at a favorable rate: through the BestChange service or on the Binance exchange. Buying BTC on the exchange is more profitable. It is possible to deposit rubles, dollars or euros on the exchange from a bank card and popular payment systems (Payeer, WebMoney, Perfect Money, Advanced Cash, QIWI). Then you instantly exchange this money for Bitcoins inside the exchange itself. The exchange is the most convenient, fastest and easiest way to buy Bitcoin profitably. After an investor has bought Bitcoin on an exchange, he either begins to trade on it, or transfers Bitcoin to his wallet if he plans to simply store it.

Investing in Bitcoin

To make money by investing in Bitcoins, you need to choose a reliable crypto exchange and master the basic rules of trading on it. As I said earlier, Binance is the best exchange for trading Bitcoins, I recommend everyone to invest in Bitcoin through this trading platform. After purchasing Bitcoin, you have two options: store it for months or even years, increasing your funds due to the constant increase in the value of the coin, or trade Bitcoin on an exchange.

The choice is up to the investor. If you have chosen to increase your money over the long term, we have already discussed reliable ways to store Bitcoin. If you want to trade Bitcoin, which I recommend you do, then read the article “”. Here you will find detailed information on how to make money on the Bitcoin exchange rate, learn profitable Bitcoin trading strategies, understand how to use tools for technical and fundamental analysis of the crypto market, and much more.

The audience of this blog is Russian-speaking, so I am constantly asked how to earn a lot of bitcoins in Russia, Ukraine, Belarus, Kazakhstan and other CIS countries. In principle, it does not matter what country you live in and what language you speak. Bitcoin can be used anywhere in the world, all you need is an Internet connection. The process of earning Bitcoin is the same in all countries, and this process is described in detail in this section.

The only thing I would like to clarify regarding this topic is the choice of Bitcoin exchange for trading. The exchange should be focused on Russian-speaking traders. There are many popular American, European or Chinese exchanges with high trading volume and good reputation. But all of them do not support the Russian language, which complicates the trading process, they require you to go through a complex verification procedure, documents for which are very difficult to obtain in CIS countries, technical support does not answer questions, and in general there are many cases of groundless account blocking. This is why I recommend trading on Binance, it is the ideal exchange for Russian-speaking traders.

Ways to make money on Bitcoin

1) Investing in Bitcoin. We have already discussed how to make money on Bitcoins with investments above in this article, I see no point in repeating it.

2) How to make money on Bitcoins without investments. Many novice crypto enthusiasts want to earn Bitcoin easily and for free. This possibility exists. You can earn free Bitcoins using your computer through various services. Basically, these are the so-called faucets and Bitcoin boxes. The essence of earning money is simple: you enter a captcha and view ads on these services, and receive a reward in the form of BTC. You won’t earn much this way, but taking into account the fact that Bitcoin always rises in price, if you don’t spend your wages, the amount of earnings will increase over time.

How to make money on Bitcoin faucets and boxes without investments, read.

Just below you can find a table with all the reliable faucets. I recommend collecting satoshi from all faucets, so you can earn the maximum. Explanation of the table: project – name of the crane; distribution – the name of the cryptocurrency that is distributed on a specific faucet; interval – time after which cryptocurrency can be collected; satoshi – earnings in satoshi; payments – which wallet the faucet pays to. The faucets are sorted by profitability, the very first faucet in the list is the most profitable. Most faucets distribute free cryptocurrency once every five minutes, that is, you can earn cryptocurrency without interruption. Add this page to your bookmarks, come here as soon as you have free time and earn cryptocurrency on all the faucets presented in the table (also, under the table there is a detailed video lesson explaining how to earn Bitcoin without investments):

Project	Giveaway	Interval	Satoshi	Payments
FreeBitcoin	Bitcoin	60 min	22 — 2158664	Binance
FreeDogecoin	Dogecoin	60 min	0.15-26000	Exmo
BonusBitcoin	Bitcoin	15 min	18-5000
BitFun	Bitcoin	5 min	10-5000
MoonBitcoin	Bitcoin	5 min	10-40
MoonBitcoinCash	BitcoinCash	5 min	50
MoonDogecoin	Dogecoin	5 min	0.35-4
MoonLitecoin	Litecoin	5 min	600
MoonDashcoin	Dashcoin	5 min	120
adBTC (books)	Bitcoin	axle boxes	~2000+/day	Binance
BTCClicks (books)	Bitcoin	axle boxes	~600+/day	Binance
FreeBitcoinIO	Bitcoin	60 min	8-4617864	Binance
CoinFaucet	Ripple	60 min	0.0003-350	Bitcoin	60 min	10-1000	Binance

How to earn Bitcoin from scratch? To answer this question, you need to understand the topic itself and understand the internal mechanisms. According to statistics, about 80% of Russians have not even heard of this cryptocurrency(digital currency). What is Bitcoin and how do people make money on it? We analyze it in detail in the article and answer all questions. If you don’t know yet, we recommend reading about it (with step-by-step instructions).

BTC in simple words for beginners

Bitcoin is electronic money, the “production” of which occurs through a computer algorithm. It was created by a man with the pseudonym Satoshi Nakamoto. In January 2009, he made the first bitcoin transaction in the amount of 100 BTC (short for bitcoin). As of January 15, 2018, 1 BTC costs around $13,500.

In total, it is planned to “produce” 21 million bitcoins. 1 bitcoin is equal to 100 million satoshi or satoshi. Mining of the last Bitcoin will end in 2140. The difference between this cryptocurrency and the physical money we are used to is that it is not controlled by anyone. All manipulations (purchase, sale and transfers) occur due to the power of a huge number of computers around the world.

All transactions remain private within the Blockchain- a global distributed database that contains information about all existing BTC wallets. Thanks to this, such mining appeared - earning bitcoins for any person. What is required for this, and what are the ways? Read on.

Without investments with withdrawal of money - top 6 sites

There are many ways to earn bitcoins. For beginners, it is recommended to start with special sites, not requiring investment. They are called taps. Here you can get satoshi by showing certain activity. For example, clicking on an advertisement, visiting websites, liking, and so on. For such actions you receive approximately 50-350 satoshi.

Earning free bitcoins is similar to, even suitable. Earn more by registering on multiple faucets, and don’t miss the opportunity to increase your earnings through affiliate programs.

Pros of Bitcoin faucets:

No investment;
Without special knowledge and technology;
For all.

Cons of Bitcoin faucets:

Small profit;
Boring job;
Possibility of losing earnings due to the closure of the site (fraud).

TOP sites - operating in 2018 (January)

Cloud mining is a good area for scammers. There is no guarantee that scammers will not make off with your investments. You act at your own risk.

Small earnings on mining for beginners

For easy mining of bitcoins without investments, there is a mining program Kryptex. It must be installed on your computer. It uses your computer's processing power to make you money.

The program’s website promises pretty good earnings per month, given that you don’t have to put in any effort. Earnings on a regular PC - 1500 rubles, gaming - 3000 rubles, top-end - 9000 rubles.

Withdrawals are made in bitcoins, rubles, hryvnias and tenge. The minimum wage is 50 rubles on Qiwi.

Farms

This is a more complex method that requires investment. Essentially, you create your own Bitcoin mining farm by forming a large network of connected computers. This requires the purchase of several high-quality video cards (at least four) and an individual power supply.

To assemble the farm, you need to create a frame to fix the purchased equipment. The frame is assembled from wooden blocks or metal corners. After this, the motherboard, hard drive, cooler are installed and connected to the power supply. Next step: turning on video cards.

Of course, this is not a method for beginners or those who want to invest their last money. With a large investment, you don't know how or when it will pay off. There is also no need to count on selling equipment, since technology develops every year.

To mine 300-400 rubles a day, you will have to invest more than 100 thousand rubles and hope for luck.

Earnings on the farm depend on the Bitcoin exchange rate. Experts give different forecasts for 2018. Some say their cost could rise above $100,000. But there is an opinion that they will lose ground and will cost less than 8 thousand dollars.

Cryptocurrency exchange – arbitrage

Arbitration is one of the recently emerging ways to earn bitcoins. This method consists of making a profit on the difference in rates by exchanging cryptocurrency on different exchanges.

To do this, it is necessary to analyze a large number of sites and try to predict the movement of the exchange rate. The principle of this method is to buy cheaper and sell more expensive. Sometimes the cost difference can reach 20%. Arbitrage traders use different programs and services to compare rates. For example, MegaTraider or BITKURS.

Pros:

Opportunity to make money on exchange rate differences in a short time.
No need to buy mining equipment.

Minuses:

Serious investment;
Every second fluctuations in the cryptocurrency rate.

There are now hundreds of exchanges. Let's look at some of them.

This can be done in different ways. For example, download programs to your computer (Bitcoin Knots, Green Adress, Arc bit and others). Install the application on your phone (Coin.Space, Bitcoin Wallet, breadwallet, etc.). You can also register on websites (Green Adress, Coin. Space, etc.). For a complete list of methods for any device, visit bitcoin.org.

After registration you will receive a secret key. Do not give it to others under any circumstances and keep it in a safe place!

Withdrawal and exchange of bitcoins carried out on special services. There are three available methods:

Exchangers;
Exchanges;
Forums.

For example, choose exchangers BestChange, Bit-Changer, X-change. Look for options with minimal fees. These are the most reliable and proven methods for withdrawing Bitcoin.

You can also contact cryptocurrency exchanges, for example Exmo, Bitmakler.com, Cryptonator.com. As a rule, exchanges offer the most favorable Bitcoin rate, but the transaction may take up to 24 hours.

There are specialized forums where people offer to buy, sell or exchange bitcoins for electronic or cash money for a certain commission. This is not a very secure method, since an unknown person can simply steal your funds. Be sure to read the reviews.

The only way to issue the cryptocurrency bitcoin (btc) is bitcoin mining, which is the creation of new blocks by performing a certain mathematical task using a specialized program installed on a computer. There are several ways to obtain popular digital currency, each of which has its own advantages and disadvantages.

What is mining

The process of creating virtual coins got its name because of its labor intensity, comparable to mining. The essence of mining is to perform mathematical calculations in order to find a certain value. The purpose of such operations is to obtain a hash - a bit string of a fixed length. After the code is decrypted, the next block of Bitcoin appears, including a cryptographic signature. This signature is formed based on the hashes of previous blocks.

The sequence of bitcoin blocks appearing one after another forms a block chain. The selection of numbers that form the basis of the hash is carried out automatically. Bitcoin mining involves a reward in the form of btc coins, which go to the first miner to guess the hash. The amount of virtual rewards is halved every four years. At the time the system launched in 2009, miners could count on 50 btc for a decrypted hash; now the reward is already 12.5 bitcoins.

Basic principles

The Bitcoin mining process must follow certain principles to maintain the validity of the cryptocurrency and the security of the network. The main principles of production are:

the difficulty of creating a currency;
the established average time for calculating one block;
lack of a single inlet center;
automatic increase in difficulty level as the number of miners grows;
the amount of remuneration is established by the system and provides for a gradual reduction;
mandatory confirmation by miners of a transaction between participants in the bitcoin network by including it in a block;
autonomous self-regulation of the network.

Difficulty of mining cryptocurrency

Due to the constant increase in the number of electronic coin miners and the steady increase in computing power, a mechanism is needed to compensate for this growth. As such a mechanism, a complexity parameter was provided, on which the amount of cryptocurrency mined per unit of time depends. The technical side of the concept of "computational complexity" is described as the number of attempts required to generate a hash.

Types of mining

Earning bitcoins can be done in several ways, which involve using specialized devices or paying for the rental of someone else’s capacity. There are also shareware types of mining. The methods differ from each other in the size of the required investments and the expected income from production. The most popular types of Bitcoin mining are:

using a personal computer or laptop;
using GPU;
using FPGA modules and ASIC chips;
creation of mining farms;
cloud mining;
bitcoin faucets, bitcoin games.

Bitcoin mining on your home computer

Mining cryptocurrencies using a video card

The time when it was profitable to mine bitcoins using a regular video card has already passed, since the mining process has become significantly more complicated and more power is required to carry out calculations. With increasing interest in Bitcoin due to its increasing value, manufacturers of graphics accelerators and processors began developing powerful video cards.

Mining farms

A large number of computers involved in the mining process are the so-called bitcoin mining farms. The principle of their operation is to continuously perform calculations. Hash generation occurs using:

A large number of video cards is the most energy-consuming type of farm.
FPGA modules - economical in terms of power consumption.
ASIC processors - the ASIC device (specialized processors) is the most expensive, but at the same time its operating speed is maximum.

Cloud mining without investment

The principle of obtaining bitcoins using cloud mining is identical to the usual mining of electronic coins, except that they do not use their own capacities, but third-party ones, rented. The amount of cryptocurrency mined depends on the rent charged. There are also free services that offer their mining equipment.

How to start mining

In order to start mining your first coins, you first need to decide on the mining method. The size of the initial investment will depend on the method chosen. The general step-by-step algorithm for mining bitcoins looks like this:

Purchase the necessary equipment.
Install the selected program for mining bitcoins on your computer.
Select a pool site.
Register your wallet to withdraw rewards.
Launch the software.

What are pools

To increase the chances of receiving btc coins, specialized web services (pools) provide miners with their services, which consist of using maximum parallelization of calculations. This mining method involves pool participants searching for their own solution options without linking them with the decisions of others. Miners provide their computing power to the pool, and the pool acts as a solo miner to find a block. When choosing a pool, you need to know the rules for distributing rewards and the power of the pool.

Cryptocurrency mining programs

You should start mining bitcoins by installing the software. Mining programs are divided into two types: for processors and for video cards. It is necessary to select software based on the parameters of the existing equipment. The most popular programs among users are presented below:

name: Bitminter;
characteristics: the application, which is also a pool, runs on video cards, has ASIC support, is compatible with all operating systems;
pros: suitable for both beginners and experienced miners, easy to install;
cons: no
earning opportunities: the cost of coins mined in 24 hours is equivalent to $0.5.

Console client that is easy to use for both beginners and professional miners:

name: BFGMiner;
characteristics: console client supporting video cards and FPGA devices, support for scrypt, RPC;
pros: easy setup of pools, ability to control computer cooling elements;
cons: high requirements for equipment;
earning opportunities: an experienced miner receives 18 thousand satoshi per day.

For users who have knowledge of the MS Dos operating system and have equipment with a powerful processor and video card, the DiabloMiner program is suitable:

name: DiabloMiner;
characteristics: support for operating systems such as Windows, Linux, Mac, installation of video cards of different series is provided;
pros: easy to configure pool parameters;
cons: not suitable for beginner miners;
earning opportunities: on a powerful computer you can get a reward of 20 thousand satoshi per day.

A console client that easily adapts to user requirements is the Ufasoft Miner program:

name: Ufasoft Miner;
characteristics: it is possible to change the pool address, suitable for mining cryptocurrencies such as bitcoin, ether, litecoin;
pros: several operating modes depending on the user level;
cons: requires a lot of RAM;
earning opportunities: experienced miners receive remuneration from 18 thousand satoshi.

The CGminer program is more suitable for users who have extensive experience working in the MS Dos system:

name: CGminer;
characteristics: assumes installation on powerful processors; when overclocking the video card, it increases MH/s to the maximum;
pros: reprogramming is possible, easy to set up;
cons: not suitable for beginners;
earning opportunities: from 18 thousand satoshi per day.

50 Miner is a graphical shell for several of the most popular miners, such as Cgminer, Phoenix, Diablo, Poclbm:

name: 50 Miner;
characteristic: it is possible to use without installation, while all settings are saved in the configuration file;
advantages: ease of authorization, compactness;
cons: unstable operation, requires a lot of RAM;
earning opportunities: with minimal initial conditions you can earn 15 thousand satoshi per day.

Is bitcoin mining profitable at home?

To understand whether it is profitable to mine Bitcoins at home, you should calculate the size of the required investment and predict how quickly it will pay off. Considering that since the advent of the process, which today is called mining, the situation in the cryptocurrency market has changed significantly, it is worth knowing the main factors influencing the economic feasibility of mining now:

The complexity of production contributes to the constant growth of equipment capacity, which affects its cost. At home, it is difficult to achieve a competitive level of mining speed.
The growth of btc in relation to official currencies attracts new participants to the network. If the price of bitcoins falls, the profit from their sale may not cover the investment.

How much can you earn from mining?

Bitcoin mining has the goal of making a profit, so before you start mining cryptocurrency and wait for the computer to earn money on its own, without your participation, you should find out what level of earnings you can expect. There is no clear answer to this question, because the amount of income depends on many factors, such as:

Bitcoin exchange rate fluctuations;
relevance of the chosen production method;
costs for purchasing equipment;
number of miners in the network;
cost of electricity.

You can calculate the approximate profit from mining using specialized calculators (for example, on the Russian information site btcsec), which take into account a set of parameters entered by the user. However, even in this case, it is worth taking into account that if the Bitcoin exchange rate changes on a cryptocurrency exchange, the calculation results will be irrelevant.

Bitcoin mining costs

In order for Bitcoin mining to be profitable, the income from it must cover all the costs associated with mining. The economic component of expenses includes costs for:

purchase of special equipment;
payment of bills for consumed electricity;
repair and adjustment of capacities;
payment for rental capacity.

Special equipment

The future Bitcoin miner must take into account that in order to make a profit, it is necessary to have competitive equipment. Given the technological race caused by high demand, the cost of specialized equipment has increased significantly. In addition to the basic elements (video card, chip, module), you will need software for monitoring equipment temperature and a cooling system.

Electricity costs

Bitcoin mining involves operating equipment for a long time, which leads to high energy consumption. The higher the power of the processor and video card, the more impressive the electricity bills will be. In addition, the need to use cooling elements also leads to an increase in power consumption.

Depletion of home PC capacity

If you plan to mine bitcoin on home computers, you should take into account the fact that the load on the main elements of the machine will increase. Constant overheating of the processor and video card leads to a deterioration in their performance and faster failure. The miner will have to frequently repair his computer and buy new parts, which will lead to additional costs, and downtime will negatively affect the profit received.

Pros and cons of mining

Before you mine bitcoins, you should familiarize yourself with the positive and negative aspects that you will encounter during the mining process. The advantages of Bitcoin mining include:

Stable passive income. Bitcoins are mined without your participation. By installing a special program, you can go about your business.
To mine btc, it is not necessary to invest funds. If you don’t want to take risks when investing your money, there are free mining methods, but you can’t count on big profits in this case.
Mined bitcoins can be easily withdrawn from the system (sold, exchanged, paid for purchases).

Miners who mine virtual coins note the following disadvantages of bitcoin mining:

Equipment failure. Using a home computer for mining leads to rapid heating of the video card.
High energy consumption. Increasing the level of mining complexity requires increasing the mining speed, which became possible with the advent of new technologies. Powerful devices are energy-consuming, so Bitcoin miners have to pay large bills for the electricity they consume.
High risk. Investing money and time in Bitcoin mining is a high-risk investment, due to the fact that the price of the cryptocurrency is unstable, and the Bitcoin exchange rate may fall at any time.

Video

Virtual earnings have recently acquired unusually large proportions. Among the various ways to replenish your budget, Bitcoin mining deserves close attention, which has become amazingly popular since mid-2017. The secret of this direction lies in the diversity and variability of existing methods. Often, a regular computer with Internet access is used to mine cryptocurrency. So, how to earn bitcoins using a computer? Let's understand everything in detail.

What you need to earn bitcoins

To earn bitcoins at home on a computer, you will need some preparation. But it’s worth mentioning right away that this approach is unlikely to allow you to earn a lot of digital currency, which can then be exchanged for a more stable option. After all, such investments allowed everyone, including beginners, to earn good money only a few years ago. Back then, even satoshi (that’s 1/100,000,000 of a bitcoin) could be converted well.

First of all, a miner (one who mines bitcoins or other cryptocurrency) will need to take care of choosing a place to store digital money. To do this, you can use special services on the Internet or a special bitcoin wallet. The second option is considered the most preferable by professional miners, since it:

as safe as possible;
extremely easy to use;
free from the risk of hacking by virtual scammers.

Each user can create such a wallet for bitcoins on their own computer. To do this, just select the option that is suitable for the version of Windows installed on your PC. After installing the wallet, you only need to launch the program, because the first time you open it, the download starts.

Ways to earn bitcoin

Now it’s worth getting acquainted with the options for earning bitcoins on your computer. There are several methods, and this is not only standard mining on video cards, processors, farms or cloud mining, which is also quite in demand and popular today. The appeal of several other options to earn Bitcoin is that no initial investment is required.

Method number 1: trading

One of the ways to earn bitcoins is trading. Today you can not only mine Bitcoin yourself. Cryptocurrency is traded on various specialized exchanges, like other (usual) currencies - rubles, euros or dollars. It is fair to note that the happy owners of Bitcoins who purchased these digital coins about 7 years ago have today become real, not virtual, millionaires. However, no one guarantees the further growth of quotes for btc or other digital coins.

Interesting! There is a real story: a student from Finland purchased several bitcoins in 2009 by spending $27. He forgot about the strange currency, but remembered it a few years later. To his surprise, he was able to earn $886 thousand from these bitcoins.

In addition, some Internet users make good money from Bitcoin exchange rate fluctuations. However, pursuing this method of making money on exchanges is difficult and can be very risky for beginners. After all, the initial investment may not pay off, and you may not be able to earn anything at all.

Method number 2: affiliate programs

Affiliate programs are another way to earn bitcoins. This is a highly profitable and very promising option. To do this, you will need to own a personal website, blog or regular profile on a social network.

On any of the resources, the user places his own affiliate link. For this he already receives a certain reward in the form of cryptocurrency. In addition, when one of the other users follows this link, he receives additional income from the affiliate site. The attractiveness of this opportunity to earn bitcoins is that there is no need to make large investments at the start.

A completely fair and appropriate question immediately arises about where you can get such links in order to continue earning bitcoins. Everything is simple here: these are bitcoin gaming sites or faucets, which we will discuss below.

The complexity of this approach lies in something completely different. Usually it is much more difficult to attract new users and interest them, to motivate them to follow the link. That is why they most often take into account not the quality, but the number of links posted, which can be left not only on your resources on the Internet, but also:

in the form of comments on various sites that talk about how to make money online;
in all kinds of communities;
on thematic forums.

Method number 3: on taps

Another option for making money on bitcoins is completing captchas on so-called faucets. Here, initial investments are not needed at all.

What it is? What is meant by taps? Faucets are certain sites that allow each user to get some satoshi. To do this, you will need to perform some simple steps on your computer. The user may need to enter a captcha, click on a banner, go to a specific site and spend some time there, and watch a video. The reward received is credited to the user’s wallet on this site.

How much money can you make from faucets? It is worth mentioning right away that it is small. You can earn between 100-300 satoshi. However, some sites of this type on the Internet often hold drawings for excellent prizes.

On a note! This method of earning money also has some features. So, usually you cannot withdraw any amount from the network. As a rule, you need to save a certain amount, and only then can it be transferred to your e-wallet.

However, there are also advantages. Earning bitcoins on faucets is simple and safe. After all, in essence the user does not risk anything. He does not invest his own finances initially. So all that we managed to earn was pure profit.

Method number 4: games for bitcoins

Another way to earn cryptocurrency is by participating in gambling. At their core, such projects are no different from regular online casinos. However, the gamer does not receive winnings in dollars or rubles. He wins cryptocurrency.

You can play on such sites yourself. But there is also the possibility of attracting referrals. The second option sometimes turns out to be more profitable and promising. After all, here your own risk is reduced to zero.

Method number 5: classic and cloud mining

Mining is the most popular and widespread way to earn bitcoins. To mine cryptocurrency this way, you will need to purchase specialized equipment (mining farms), and not just a powerful modern computer. Accordingly, mining will require significant initial investments. However, this is the foundation on which mining btc in its pure form is based.

With the help of processors and video cards, from which many miners assemble their own farms, a special code is calculated. It is the chain of such calculations that makes it possible to identify the hash, which, in turn, brings the user digital coins.

The attractiveness of creating a farm and mining with their help is that the user himself does not waste time mining electronic coins. This happens automatically and continuously.

However, it is worth considering that the miner will have to invest heavily not only in purchasing equipment, but also paying for the Internet, electricity, and installing ventilation and cooling systems. But even with this, wear and tear on the equipment cannot be avoided. So the investment here is colossal, but will you be able to earn enough to cover the expenses? This is already a serious question.

In addition, for mining you need to install special programs. Among the most popular it is worth noting:

DiabloMiner;
Phoenix;
BFGMiner;
CGMiner.

There is other good software, as this area is actively developing and expanding today. New programs are being created aimed at making miners' work easier and more productive results.

There is another option for mining Bitcoins, which has recently become the most popular. This is cloud mining, which allows you to use rented power. You don’t need to take such equipment to your home; it is already installed somewhere. The cryptocurrency miner simply pays to rent the program for a certain period.

At its core, cloud mining of bitcoins and other digital coins is a simple industrial center focused on the extraction of cryptocurrency, including bitcoins. The attractiveness of this method is that the miner does not need to buy the necessary equipment and monitor it.

The essence of such earnings is simple. The miner will need:

select a site for cloud mining;
register on it;
deposit cryptocurrency into your personal account;
purchase capacity;
conduct bitcoin mining in semi-automatic mode or automatically.

How to build a Bitcoin farm with your own hands

Some users decide to mine bitcoin on their own. To do this, they need to assemble a farm with their own hands. But what is needed for this? There are no secrets here.

To earn Bitcoin and other cryptocurrencies on your computer, you should purchase:

several modern high-power video cards;
a set of strong power supplies;
several cooling and ventilation systems;
latest generation processors.

That's all! Then all purchased equipment is simply assembled according to the principle of a regular server. What does this mean? Nothing complicated! The sequence of this work is quite simple:

First, the racks are installed.
A plan is drawn up for the placement of the monitor, video cards, and system unit.
Based on the drawn up plan, you need to start assembling the base of the mining farm: connect the hard drive, processor, and motherboard. The RAM and monitor are installed.
Next, the video cards are connected to the motherboard via PCI. It is not recommended to do this directly. It's worth using risers.
Now the risers are directly placed on the racks. The optimal distance between them is 10 cm.
Pin cables are used to connect video cards to the power supply.
The computer is connected to the power supply and the Internet.

It remains to install water and air cooling systems.

To see the whole process with your own eyes, you can watch the video instructions for assembling the farm:

Video: how to earn BTC using a computer

To understand the very essence of the process of earning bitcoin using a computer, it’s worth watching several videos: