Ways to earn bitcoin

in #cryptocurrency6 years ago

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Bitcoin is a cryptocurrency which is widely popular in whole world. As we all know bitcoins can be exchanged with the other currencies. There are millions of users who are using cryptocurrencies and most of them are using bitcoin. There are some other cryptocurrencies also like ethereum , litecoin and etc. Now let’s see some ways that can help to earn bitcoins.

Here I’ll talk about the two most common ways to earn bitcoin.

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Bitcoin mining


One of the most common and the very first way used to earn bitcoin is mining. Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions. Each group of transactions is called a block. Blocks are secured by Bitcoin miners and build on top of each other forming a chain. This ledger of past transactions is called the blockchain.

Accept bitcoin inplace of other currency

Not every time bitcoin mining is successful. So, You can do work work for bitcoins and accept bitcoins in place of the work you have done. you can earn Bitcoins online as a freelancer mainly, but some Bitcoin startups and companies like Overstock offer an option to get the regular payment in BTC. With greater acceptance, there will be more options to look for.

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