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Bitcoin bank and that is it. You earn Bitcoins as a steady stream of interest income. However, be very careful. In the previous case of peer to peer lending you diversify your
You trust 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's because the bank takes you deposits and invests them in funds, the most important assets usually being loans. If they do a good job You're fine
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Because you just accumulate 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 usual requirements that you expect 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 discovers a new block, then you receive 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 procedure, many individual miners join a so called mining pool.
By providing computing power for their pool you can earn Bitcoins from mining with no need to construct your own big mining plantation. 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 get 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 that it is a costly and time consuming procedure. Read the various introductions and
When you earn Bitcoins through hints, it's much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin speech on it and the folks
Again, your store is the first thing to start with in case you have one. It's just a bit easier because since hints are voluntary you don't
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Really need to check the incoming payment and the specific amount. Simply display the QR-code and assess each day exactly what came in.
With tips, 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 see how this looks like in the footer of the German blog 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 customer has one of these, they can simply give it to you personally or your employees and view it 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've got a certain probability of winning and losing. When you trade assets, this gets much more complex.
That you see an opportunity to buy an asset in one place for a certain cost and sell it instantly in another location to get a greater cost. It's important that
You know that you can sell the advantage instantly at a certain cost. When it does not hold, then we are talking of speculation - or gambling if you prefer.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute since it may appear at first sight. Cost differences between exchanges
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often come for certain reasons. The speed of fiat money transfers and access restrictions are just the most striking ones. You need to find out the concrete opportunities yourself.
One place to begin is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone.