Bitcoin is a crypto currency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. people make money through it so today i will let you about bitcoin and how you can earn easily money through it.
Here is 2 very popular and best ways to Make money through bitcoin.
Buying and Holding Bitcoins
Bitcoin Mining
i will explain both of these ways and how they works in following. keep reading.
how to invest in bitcoin
this is known as Buying and Holding Bitcoins If you want to start earning bitcoin you first need to obtain a bitcoin wallet, which is used to send, receive and store your bitcoins. You can obtain one from an online based service such as zeb pay. zeb pay is safe and best for indian users.
Once you have a wallet service, you can establish multiple bitcoin addresses, which allow you to receive bitcoins from others. now you have to just buy some coins and hold it untill its price increses and then sell it.
How To Mine Bitcoin In India For Free
Mining bitcoins can be quite complex and is usually not recommended for beginners. The process entails the use of sophisticated machines that are expensive and consume quite a lot of electricity to solve mathematical algorithms in exchange for bitcoins. Bitcoin miners enable bitcoin transactions by sharing their processing power. In exchange for enabling the bitcoin network to function, they are rewarding with new bitcoins. This is what “mining” refers to.
Having said that, it is no longer considered lucrative for individuals to mine at home using mining equipment and the shift is being made towards more large-scale operations.
If you do want to engage in bitcoin mining and are willing to invest in expensive mining hardware, it is strongly advisable to join a mining pool. In a mining pool, miners pool their resources together and share their hashing power with the aim of solving a block and dividing the reward equally, depending on the number of shares contributed by each person. It is an effective way to motivate small-scale miners to continue their involvement in mining activities. Some popular mining pools are:
Antpool
BTCC
SlushPool
Alternatively, you could sell services, as a freelancer for example, and get paid in bitcoin. There are numerous bitcoin-based freelancer platforms where one can offer their services, such as BitGigs or Coinality.
