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At the time of writing this article, about 16.7 million of those Bitcoins have been successfully mined, leaving more than four million on the table for Bitcoin miners.One thing you'll need to know about Bitcoin mining prior to getting into it's that the difficulty increases over time. In other words, it will require more time and more computing power to generate each subsequent Bitcoin.

By now, but the difficulty has gone up so much much more technical equipment is needed.One way to strategy Bitcoin mining is to do it on yourself. To do this, youll need to invest in a Bitcoin miner. Bitcoin miners are external devices that supply the necessary computing power to make Bitcoin in todays high-difficulty environment.

Small USB miners begin at under $100, while larger, more potent mining devices can run into the tens of thousands of dollars. Although the initial investment of buying a Bitcoin miner can be fairly large, it allows you to create your own steady flow of new Bitcoin until the whole 21 million has been reached.If you decide to begin mining your self, make sure you keep the peripheral prices in mind.

In case you've got a massive miner that produces a substantial amount of heat, you may also need to install a cooling system to keep it running correctly. Together, these costs can eat up a lot of the gain margin in Bitcoin mining. Luckily, if Bitcoin continues to appreciate in value, these peripheral prices will eventually be compensated for retroactively through that appreciation.If you dont want to go to the initial expense and hassle of setting up your own personal Bitcoin mining operation, you can still get in on the action with what is known as contract mining.

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This contract will last for a certain length of time, and all Bitcoin mined during this time on the equipment youve contracted will be sent to your Bitcoin wallet. Some of the very major contract mining services are Genesis Mining and Hashing24. Contract mining is an easy and passive way for you to collect Bitcoin, though it is going to be more expensive over the long run than having your own Bitcoin mining equipment. #2 Total Micro-tasks for BitcoinThough mining lets you earn Bitcoin useful content faster than any other method, its high investment threshold means it wont be acceptable for everyone.

Micro-tasks are small, simple actions, like viewing an advertisement or engaging with a post on interpersonal networking. Though the cover is usually very low, micro-tasks are probably the simplest way to get into Bitcoin.One of the best places to visit begin with micro-tasks that cover in Bitcoin is CoinWorker, a market that specializes in these tasks.

Though many tasks on CoinWorker pay as little as $0.03-0.05, some do cover over $1.00. Tasks listed on CoinWorker are typically very simple and take only a few minutes to complete.There are also several websites that will pay you small amounts of Bitcoin for viewing ads. Like other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly easy to perform.

A number of the best sites that allow users to see ads in exchange for Bitcoin include CoinAdder, Ads4BTC and Advercoins. #3 Bitcoin FaucetsBitcoin faucets are somewhat like micro-tasks in the sense that they cover tiny amounts of Bitcoin in exchange for a small amount of your time often around 1 Satoshi, and it can be a hundredth of a millionth BTC.

Bitcoin faucets pay amounts that are almost too small for many customers to bother with, but theyre a fantastic way to break into the universe of Bitcoin and begin to see a small amount of cryptocurrency in your digital wallet.  Moon Bitcoin is still one of the most popular of these faucets, but there are many others out there, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne of the most interesting developments in Bitcoin over the past couple of years has been its emergence as a fairly popular investment asset.

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As one might imagine, investment is one of the more rewarding ways of making money with Bitcoin.The most fundamental kind of Bitcoin investment is buying and holding Bitcoin until its cost goes up enough to turn a profit. Thanks to its high level of price volatility, Bitcoin has generated some incredible gains for investors that pursued this strategy early on.

Of course, this is an extreme case, but it will demonstrate exactly how rewarding Bitcoin investment has been for some traders who have been willing to maintain their investments for long lengths of time.One of the problems that has plagued Bitcoin investment in the past is the absence of reliable exchanges.