How can i make bitcoins?
Contents
Ways to get Bitcoins
Bitcoins can be bought, earned, or mined.
Bitcoin Exchanges
Bitcoin Exchanges are places you can go to and trade your hard earned BTC for dollars/yen/etc. You can also pay cash to buy Bitcoins. The most famous BTC exchange is Mt. Gox, an international exchange that is used as the standard for discovering exchange rates for most people.
Bitcoin Faucets
Bitcoin, being an easy way to pay anyone for anything, as given rise to services called Bitcoin Faucets. These "faucets" let you do small tasks, and earn bitcoin from them. Similar to freelance work sites with jobs posted on them to be done, Faucet sites allow you to take surveys, apply for "free" stuff, review websites, categorize images, all of which earn you a small chunk of a Bitcoin. These faucets can be completely anonymous if you use them properly, and can earn you Bitcoins faster than a single GPU bitcoin mining rig per hour.
Bitcoin Mining
Since the Bitcoin is backed by nothing physical (like gold, oil, silver) it has to be backed by SOMETHING to stabilize the currency fluctuations and to add to the total money supply of Bitcoin. Instead of being backed by Gold like the USD, Bitcoin is backed by computing power. The more computing power, the more bitcoins, just like the USD works (in theory) the more gold, the more total money supply. This means that in dollars, whoever has the most gold can control more of the market than any other single entity. It is the same for CPU power and the bitcoin. Whoever has the most CPU power, has the most bitcoins in their control. Users invest their computing power (CPU, GPU, FPGA, ASIC devices) to solve difficult mathematical problems. Whoever has solved the most of these problems has the highest earnings for their current computing power investment, and also has more say in "what Bitcoins went where".
Bitcoin Services and Products
Another way to make Bitcoins is to sell products or services for Bitcoins. This process, due to the anonymity of the internet, can be ALMOST completely anonymous. A lot of businesses now take Bitcoins as a payment method (a lot being less than 1%, but still accounts for 10,000 or more sites that accept Bitcoin). Ideal services for taking Bitcoins as payments are online businesses like web hosting and computer/server solutions, anonymization services, and technology consultation. It is unclear where the Bitcoin market will go in the next year (due to volatility in exchange rate), so it makes it difficult to price these services. Nevertheless, these services if used properly, can be almost entirely anonymous.
