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Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. But be very careful. In the previous case of peer to peer lending you diversify your
You hope 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 assets, the most important assets usually being loans. If they do a good job You're fine
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As you simply collect the interest payment. If they don't do a good job you simply take the hit. An there is no deposit insurance in the Bitcoin world, also.
You trust. Such sites will comply with the typical requirements that you expect from non-Bitcoin associated sites too. That means they have
Appropriate terms and conditions in place, they disclose their status of incorporation and contact details. Some websites in the
When you perfom mining, your personal computer adds new Bitcoin transactions to the block chain (a people ledger where all
Bitcoin transactions are stored) and searches for new blocks. A block is a record which has the most recent Bitcoin transactions
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Recorded in it. When your computer discovers a new block, you receive a certain number of Bitcoins. Currently a block contains BTC 25. This number changes
Since bitcoin mining has come to be a hardware intense and so expensive process, most individual miners join a so called mining pool.
By providing computing power to their own pool you can earn Bitcoins from mining with no need to construct your own big 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 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 that it is a costly and time consuming process. Read the various introductions and
When you earn Bitcoins through hints, it's similar to 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 first thing to start with in case you have one. It's Only a bit easier because since tips are voluntary you don't
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Really need to check the incoming payment and the exact 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 shop. A blog for instance or any other website is sufficient.
You can display the QR-code or just your Bitcoin address in the bottom of your page or wherever it seems 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 get 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 trick with Bitcoins, There's this nice support:
When your client has one of these, he or she can only give it to you or your workers and you can redeem it as a coupon.
Some folks would say that trading is a form of gambling. While there those 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 losingweight. When you exchange assets, this makes much more complex.
That you see an opportunity to get an advantage in one place for a certain cost and sell it instantly at another place to get a greater price. It is important that
You know you can sell the advantage immediately at a certain cost. When it will not support, then we're talking of speculation - or gambling if you prefer.
The Bitcoin world, in my opinion provides such arbitrage opportunities. But they are not as straightforward to execute as it might appear at first sight. Cost differences between exchanges
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often come for certain reasons. The rate 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 start is that this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone.