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Bitcoin bank and that is it. You earn Bitcoins as a continuous flow of interest income. But be very careful. In the previous case of peer to peer lending you diversify your
You trust one single debtor which is the bank. If they don't do a Fantastic 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 resources generally being loans. If they do a good job you are fine
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As you simply accumulate the interest payment. If they don't do a good job you simply take the strike. An there is no deposit insurance in the Bitcoin world, also.
You hope. Such sites will comply with the usual requirements that you anticipate from non-Bitcoin related websites too. That means they have
Appropriate terms and conditions in place, they disclose their status of incorporation and contact particulars. Some sites in the
When you perfom mining, your 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 which has the most recent Bitcoin transactions
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Listed 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 therefore expensive procedure, most individual miners join a so known mining pool.
By providing computing power for their pool you can earn Bitcoins from mining without the need to construct your own big mining farm. There are entire communities around
Bitcoin mining and moreover 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 it is a costly and time consuming procedure. Read the various introductions and
When you earn Bitcoins through tips, 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 people
Again, your store is the first thing to start with in case you have one. It's just a bit simpler 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 that 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 seems like in the footer of this German blog bitcoins21.
Another very cool way to get tipped online is Bitfortip which was already mentioned above. This service allows one
Imagine you have a restaurant and want to encourage your clients to tip with Bitcoins, there is this nice support:
When your client has one of these, he or she can only give it to you personally or your employees and you can redeem it like a coupon.
Some people would say that trading is a kind 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 is a fair match ) you have a certain probability of winning and losing. When you go to these guys exchange resources, this makes far more complex.
That you see an opportunity to buy an advantage about his in one location for a certain cost and sell it immediately at another place for a higher cost. It's important that
You know that you can sell the advantage instantly at a certain price. If this does not support, then we're talking of speculation - or gambling in the event that you would like.
The Bitcoin entire world, in my opinion provides such arbitrage opportunities. But they're not as simple to execute as it might seem at first sight. Price 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 this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone.