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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 instance of peer to peer lending you diversify your
You trust one single debtor that's 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 generally being loans. Should they do a good job You're fine
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Because you simply collect the interest payment. When they don't do a fantastic job you take the strike. 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 related sites as well. That means they've
Proper 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 searches for new cubes. A block is a record that has the most recent Bitcoin transactions
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Listed in it. When your computer discovers a new block, you get a certain number of Bitcoins. Currently a cube contains BTC 25. This number changes
Since bitcoin mining has become a hardware intense and so expensive process, most 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 construct your own huge mining farm. There are entire communities around
Bitcoin mining and moreover the fact that you earn Bitcoins it's 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, bear in mind it is a costly and time consuming process. Read the respective introductions and
When you earn Bitcoins through tips, it is similar to accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin speech on it and the people
Again, your store is the first thing to begin with in case you have one. It is just a bit easier because since tips 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 get a shop. A site 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 seems convenient and let people decide how much
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they want to tip you. You can even see how this looks like in the footer of this German site bitcoins21.
Another really cool way to become tipped online is Bitfortip which was mentioned above. This service allows one
Imagine you have a restaurant and want to encourage your customers to trick with Bitcoins, there is this nice support:
When your customer has one of them, they check these guys out can simply 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 game) you have a certain probability of winning and losing. When you exchange resources, this gets far more complex.
That you find an opportunity to get an advantage in one location for a certain price and sell it instantly in another location for a higher cost. It's important that
You know that you can sell the asset immediately at a certain cost. If this will not hold, then we are talking of speculation - or gambling in the event that you prefer.
The Bitcoin world, in my opinion provides such arbitrage opportunities. But they are not as straightforward 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 begin is that this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone.