Ever since it became popular, earning money from bitcoin has become a possibility through several methods. Some methods are new while others became more common with the increase in popularity of bitcoin.


Even though it’s been claimed multiple times that mining nowadays isn’t profitable due to the energy costs associated with the hardware, the increasing difficulty rate and the halving of a block reward, there are still mining activities being carried out, just on a larger scale, with more sophisticated equipment.

Mining pools

BitCoin mining machine

Solo mining is basically an impossible feat because of the current difficulty level, you can do it, but you won’t really profit from it, or get a return on your investment for that matter. This is where mining pools come into play, allowing you to mine and earn short term rewards, albeit smaller than what you could get from solo mining, but it’s still a better choice, since it doesn’t require a big investment.

Mining pools allow miners to pool their resources together, sharing their hashing power to solve a block. When a block is found through pool mining, the reward is split according to the contribution from each miner. This is a great way to mine for people that simply don’t have a lot of money to make an investment in several ASIC machines.

While there are many methods to calculate the share of bitcoins mined, the two common calculation schemes used that are considered the fairest are the Pay-per-share (PPS) which offers instant payout for each share that is solved by a miner from the pools existing balance and the Double Geometric Method (DGM) in which the operator receives a portion of payouts during short rounds and then returns it during longer rounds in order to normalize payments.


If you have some time on your hands to do some easy tasks or even playing minigames, all you need is a bitcoin wallet to go join some websites that make you solve captchas to earn some satoshis (the sub-unit of bitcoin). For the most part, websites like these earn their money by ad placement on their pages. So the users that visit the site to solve captchas receive a fraction of what the web owners collect from advertisement.

While it might take you a considerable amount of time to earn a decent quantity of BTC in sites like these, they are most definitely one method that only takes as much time as you want it to and you earn the currency for free. Freebitcoin is a good and trusted faucet that has been active for years already, check them out.

BitCoin mining machine

You can even earn them by reading books

The site Paidbooks functions similar to a faucet but with a much more engaging task than just filling captchas. Instead, you get paid for reading books from a selection of over 600 of them. They also pay more than usual faucets, so they’re definitely worth checking out if you’re into reading.

Watching short videos

There are aps like vidybit that give you 1 satoshi per video watched. Now, you might be thinking that’s a the reward is really low but the truth is that the videos are a minute long at best, and they play automatically, meaning you can leave your phone playing them while you do something else, so it won’t take any of your time.

Vidybit offers instant payments, unlimited videos through multiple channels and privacy to the user.

Earning bitcoins as your source of income

BitCoin mining machine

This can be the most profitable method to earn bitcoin. Now that it’s more commonly accepted, you can find jobs available that pay you in bitcoin instead of fiat currencies. BitWage is a good place that allows both employers and employees to work with bitcoin as their payment.

Freelance work is also a possibility if you prefer to work at your own pace to earn some extra income. Jobs4Bitcoins, BitGigs and The BitcoinTalk Forum services section are good starting points, some gigs can be done quickly if you know what to look for, so it will take as much of your time as you want it to.

Playing dice

Sites like Primedice let you play dice with a free balance even if it’s very small. If you’re willing to put some time into it and learn some dice strategies to play RNG to your advantage, that free amount could turn into a substantial amount of money.


Bitcoin trading

It can prove to be profitable to play the market through exchanges if you’re willing to make an initial investment. Basic speculation is enough to start, buying low and selling high to make a profit. Understanding how the market moves and how prices fluctuate are key points here, and it can be a very rewarding experience. It’s worth to mention however, that you should never invest what you can’t afford to lose. This is especially true for bitcoin, so take that into account.

BitCoin Mining Investment

Offer programs

Some programs can give users a good starting amount of satoshi, even if it’s just to get their interest in the currency. Bitcoinreward is a great site that lets you complete different kinds of tasks that can reward them with up to 100,000 satoshis, which is more than great. Additional to this, you can refer other people to the site and if they register with your referral link you will get a 50% commission on every offer they complete.

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