Relatively recently, the minds of people were captured by cryptocurrencies, one of which is bitcoin. What it is and how to earn it, in simple words to explain to a person who is not associated with programming, is quite difficult, but everything is actually not so confusing.
What is Bitcoin in simple words
In simple words, bitcoin is such a digital currency. It was created to facilitate settlements between users without the participation of third-party banks and centralized management. Almost all currencies in the world are issued and regulated by the central banks of countries, the issue, exchange, storage of bitcoins is controlled by the program and supported by all users involved in the process of working with this cryptocurrency.
Operations for payment with bitcoins, exchange, production are carried out anonymously, and the system is protected by the fact that all transactions are recorded on millions of computers of users of the entire network.
There are several different opinions about bitcoins. For example, American entrepreneur, financier James Dimon said that in simple words, bitcoin is a scam, illegal money, because such a circulation of funds does not obey the laws of any state. After his words, as well as after the harsh statements of some famous personalities, the bitcoin rate temporarily fell, but as usual quickly returned to growth again. Nicholas Carey, the founder of blockchain technology, gives opposite reviews of bitcoins. He believes that the future lies precisely with such electronic cryptocurrencies, mathematics and computers, and not with bankers and politicians.
How to earn bitcoins
If what bitcoin is, should now become clear to anyone, but how to make it, you need to figure it out. It is quite natural that in light of the growing popularity of digital cryptocurrencies and rumors of easy and large earnings, many are interested in the technology of bitcoin mining.
There are many ways to make money.
The first way is the so-called taps. We are talking about sites that pay a reward in bitcoins for performing certain actions. This can be watching ads, videos, surfing websites, etc. Such earnings are suitable even for schoolchildren, since no investments are required at all, but the income will not be very high either. Examples of faucet sites include: Adbtc.top, Btcclicks.com, Freebitco.in. The second way to make money is mining. Computer power is required to run the bitcoin system. They can be provided by individual users, receiving coins (satoshi) for this. To earn decent sums, you need to invest a lot of money in such a bitcoin mining farm, but the income can be substantial.
Currently, there is such a concept as "cloud mining" of bitcoins. In simple words, earning coins on rented facilities. However, there are many scammers among landlords, therefore, before investing your money in rent, it is important to read reviews about a company that provides computer power for rent.
Another way to earn bitcoins is by reselling them on exchanges. There are many websites that allow you to exchange bitcoins for other currencies. And the hens exchanged for them can sometimes differ significantly. If you follow several such exchanges at once and carry out exchange operations on time, you can make money on the difference in rates.
Understanding what bitcoin is in simple terms, you can make good money by investing in currency. The bitcoin rate is growing steadily, only sometimes showing small jumps down. Just a few years ago, one bitcoin cost no more than a couple of dollars, and now this price is tens of thousands of times more.
