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Bitcoin bank and that is it. You earn Bitcoins as a continuous flow of interest income. However, be very careful. In the previous instance of peer to peer lending you diversify your
You trust one single borrower which is the bank. If they don't do a good job in managing your Bitcoins, everything
Can be lost at once. That is because the bank takes you deposits and invests them in funds, the most important assets usually being loans. Should they do a good job you are fine
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Because you simply accumulate the interest payment. When they don't do a good job you take the strike. An there is no deposit insurance in the Bitcoin world, too.
You trust. Such sites will comply with the usual requirements that you anticipate from non-Bitcoin related websites as well. That means they've
Appropriate terms and conditions in place, they disclose their status of incorporation and contact details. Some websites in the
When you perfom mining, your computer adds new Bitcoin transactions to the block chain (a people ledger where all
Bitcoin transactions are saved ) and hunts for new blocks. A block is a file that has the most recent Bitcoin transactions
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Recorded in it. When your computer finds a new block, you get a certain number of Bitcoins. Currently a block contains BTC 25. This number changes
Since bitcoin mining has become a hardware intense and so expensive procedure, many individual miners join a so known mining pool.
By providing computing power for their own pool you can earn Bitcoins from mining without the need to build your own huge mining farm. There are entire communities around
Bitcoin mining and besides the fact that you earn Bitcoins it is also fun. You meet new people online and have in-depth knowledge about Bitcoin as a protocol and technology.
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If you want to earn Bitcoins through mining, be aware it is a costly and time consuming procedure. Read the various introductions and
When you earn Bitcoins through hints, it is similar to accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the people
Again, your shop is the very first thing to start with in the event you have one. It's Only a a knockout post bit easier because since hints are voluntary you don't
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Really need to check the incoming payment and the specific amount. Simply show the QR-code and check daily what came in.
With hints, the nice thing is you don't necessarily need to have a store. A blog for instance or any other site is sufficient.
You can display the QR-code or your Bitcoin address in the bottom of your page or wherever it sounds convenient and let people decide how much
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they want to tip you. You can also see how this looks like in the footer of this German blog bitcoins21.
Another very cool way to become tipped online is Bitfortip that was already mentioned previously. This service allows you
Imagine you have a restaurant and want to encourage your clients to tip with Bitcoins, there is this nice service:
When your customer has one of these, he or she can simply give it to you or your workers and you can redeem it as a coupon.
Some people would say that trading is a form of gambling. While there these two things have something in common, there are also fundamental differences.
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When you gamble (and assuming that it's a fair game) you have a certain probability of winning and losing. When you trade assets, this gets much more complex.
That you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that
You know that you can sell the advantage instantly at a certain cost. When it will not support, then we are talking of speculation - or gambling if you prefer.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as straightforward to execute since it may appear at first sight. Price differences between exchanges
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often come for certain reasons. The speed of fiat money transfers and access restrictions are only the most striking ones. You need to find out the concrete opportunities yourself.
One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone.