Easiest way to earn Bitcoin for beginners

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Recently, Bitcoin is known as a valuable asset. 1 Bitcoin (BTC) is worth more than 1 ounce of gold. Bitcoin price now is trading over 4,000 USD, which attracts more speculators, investors, as well as newbies come into the market. Bitcoin price once reached 5,000 USD per BTC in the early September 2017.

So which way is the most cost-benefit to earn Bitcoin?

There are couple of ways to earn Bitcoin: setting up your own Bitcoin mining hardware, trading Bitcoin through exchange market, play some faucet Bitcoin games or doing Bitcoin cloud mining, but not all of them are suitable for beginners.

Among those choices, Bitcoin cloud mining provides the most effective option to earn Bitcoin since it is less time consuming and does not involve any coding knowledge needed,  additional electricity cost or complicated investment and speculation knowledge.

First, doing your own Bitcoin mining could be tough business, since mining Bitcoin requires a high-efficiency graphic card or a specific Bitcoin mining machine. The effective one will cost you around 200 USD. Nevertheless, a basic mining machine is far less effective to mine Bitcoin profitably. You will end up with electricity cost loss daily and get nothing since mining difficulty is increasing dramatically. Moreover, you still need specific skills to set up your mining rig and to find a proper mining pool. Buying a hi-end Bitcoin mining rig might cost you around 3,000 USD, and you’ll still have to set the rig up by yourself.

Trading Bitcoin on cryptocurrency market could be a tricky and risky business, since the price fluctuation plays an important role to the profitable investment. Loads of Bitcoin exchanges have opened to attract more traders to risk their money in Bitcoin. Statistically, less than 10 % of them could make money on it. Trading in any market requires not only complicated cryptocurrency knowledge, but also the understanding of trading and investment basics, for instance, technical tools using in price chart, money management strategies, and a proper mind management training. Not everyone is suitable for being a crypto trader.

Another way of getting Bitcoin is playing faucet games, this way is the cheapest choice, but also the most time consuming. Trying to earn less than a cent may eventually lead you to scammed sites. Providing your Bitcoin wallet address to scam website could put into risk your hard earned Bitcoin.

The last method we mentioned here is the most effective way and the surefire way to get Bitcoin: Bitcoin cloud mining. This is the real way of doing Bitcoin business. The idea of Bitcoin cloud mining consists of mining companies sharing their mining process power which allows customers mine Bitcoin without hardware management needed. Bitcoin cloud mining could be done through MinerGate which provides a fair-priced hashing power for Bitcoin cloud mining. The dashboard is specifically designed and considered to be the safest and most user-friendly among other providers. Another advantage of MinerGate services is that you can choose how much hashing power you’d like to buy, easily moving the scroll bar or typing the amount into the box as shown below:

cloud mining planTo use MinerGate’s services, you need to register on the registration page which guides you to Cloud mining page. Nowadays MinerGate is extending their service by Ethereum (ETH) and Monero (XMR) Cloud mining service that will be available soon.

In addition, MinerGate’s Chat room service support is a strong mining community and a  place for veteran miners discussing mining issues and ready to help any newbie in need.

Comments

Good afternoon, I wish to buy cloud mining power
The contract for how long is it? is UNDEFINED CONTRACT
Or for how many years
I’m going to do it but I do not specify
Thank you

Hi!
Cloud mining only supports bitcoins or i can buy hash power to mine other cryptos ?
If it´s only available for bitcoin mining can we expect other cryptos soon ?!
thanks

Hello Dieter! There is no option to increase a cloud mining contract you have already. You are welcome to buy another one.

How long are the contract periods for? If one wanted to cancel a contract, does the customer have the option to do so?

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