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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 to get Bitcoin miners.One thing you'll need to know about Bitcoin mining prior to getting into it is that the problem increases over time. In other words, it will take more time and much more computing power to generate each subsequent Bitcoin.

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

Small USB miners start at under $100, while larger, more powerful mining devices can run into the tens of thousands of dollars. Although the initial investment of buying a Bitcoin miner can be fairly big, it allows you to produce your own steady stream of new Bitcoin until the full 21 million has been reached.If you opt to start mining your self, be sure to keep the peripheral costs in mind.

If you've got a massive miner that generates a substantial amount of warmth, then you can also have to install a cooling system to keep it running properly. Together, these costs can eat up a lot of the profit margin in Bitcoin mining. Luckily, when 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 that time on the equipment youve contracted will be sent to a Bitcoin wallet. Some of the most major contract mining services are Genesis Mining and Hashing24. Contract mining is an easy and passive method for you to collect Bitcoin, though it is going to cost more over the long run than having your own Bitcoin mining equipment. #2 Total Micro-tasks for BitcoinThough mining lets you earn Bitcoin quicker 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 social networking. Although the cover is usually very low, micro-tasks are probably the easiest way to get into Bitcoin.One of the greatest places to go to get started with micro-tasks that pay 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 pay over $1.00. Tasks listed on CoinWorker are typically very simple and take only a few minutes to complete.There are also several sites that will pay you small amounts of Bitcoin for viewing ads. Like other micro-tasks, these actions pay very tiny amounts of Bitcoin, but are incredibly simple to perform.

Some of the best sites that enable users to view advertisements 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 good way to break into the world of Bitcoin and begin to realize a little amount of cryptocurrency in your digital wallet.  Moon Bitcoin is still one of the most popular of those taps, however there are many others on the market, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne among the most interesting developments in Bitcoin within the past couple of years has been its emergence as a fairly common investment advantage.

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

Of course, this can be an extreme example, but it does demonstrate just how rewarding Bitcoin investment has been for some traders who have been willing to hold their investments for long periods of time.One of the problems that has plagued Bitcoin investment in the past is the lack of reputable why not find out more exchanges.