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Bitcoin bank and that's it. You earn Bitcoins as a steady flow of interest income. But be very careful. In the previous instance of peer to peer lending you diversify your
You trust one single debtor which is the bank. If they don't do a good job in managing your Bitcoins, everything
Can be lost at once. That's because the bank takes you deposits and invests them in assets, the most important assets generally being loans. Should they do a good job You're fine
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As you just collect the interest payment. If they don't do a fantastic job you simply take the hit. An there is no deposit insurance in the Bitcoin world, too.
You hope. Such sites will comply with the usual requirements that you expect from non-Bitcoin related sites as well. That means they have
Proper terms and conditions in place, they disclose their status of incorporation and contact particulars. Some websites in the
When you perfom mining, your own personal computer adds new Bitcoin transactions to the block chain (a people ledger where all
Bitcoin transactions are stored) and hunts for new cubes. A block is a file that has the most recent Bitcoin transactions
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Listed in it. When your computer finds a new block, then 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 to their pool you can earn Bitcoins from mining with no need to build your own big mining farm. There are entire communities around
Bitcoin mining and besides the fact that you earn Bitcoins it's also fun. You meet new people online and get 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 tips, it's much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the folks
Again, your shop is the very first thing to start with in case more you have one. It is Only a bit easier because since tips are voluntary you don't
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Really need to look at the incoming payment and the specific amount. Simply display the QR-code and assess each day 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 website is sufficient.
You can display the QR-code or your Bitcoin address at the bottom of your webpage or wherever it sounds convenient and let people decide how much
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they want to tip you. You can even view how this looks like in the footer of this German site bitcoins21.
Another really 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 customers to tip with Bitcoins, There's this nice service:
When your client has one of these, he or she can simply give it to you or your employees and you can redeem it as a coupon.
Some folks would say that trading is a sites kind 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 is a fair match ) you have a certain chance of winning and losing. When you exchange assets, this gets far more complex.
That you find an opportunity to get an advantage in one place for a certain price and sell it immediately at another location to get a greater price. It's important that
You know that you can sell the advantage immediately at a certain price. When it does not support, then we're talking of speculation - or gambling if you would like.
The Bitcoin entire world, in my opinion offers such arbitrage opportunities. But they are not as straightforward to execute as it may seem 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 just the most striking ones. You have to find out the concrete opportunities yourself.
One place to begin is that this thread on Bitcoin StackExchange. Additionally, not every opportunity is available to everyone.