How to earn bitcoins using a computer
Some users think that the main method of making profit with a PC is mining. But it requires a lot of computing power. Mining bitcoins with PCs is complicated. Therefore, newbies often ask “how to earn bitcoins with PC?”. As of 2022, there are simple methods for earning BTC and other cryptocurrencies. Some of them require no investmen
5. Characteristics of cloud mining
6. Is it possible to mine on a home computer
7. Software for mining cryptocurrency
The main ways of earning bitcoins on your home computer
There are a total of 5 main ways to get Bitcoin coins using a PC:
- Referral programs.
- Cranes and airdrops.
This method of earning bitcoins is very simple. It requires no initial investment. In this case, users do not need to do almost anything themselves. The essence of the method comes down to the use of affiliate programs of cryptocurrency platforms. Users need to register on them and generate referral links to invite new clients. Offers can be sent to anyone.
- Share the referral link with your friends
- Invite friends to sign up and contribute $50 or more
- Get a $100 USDT cashback voucher for each
*New User Bonuses on Binance
Typically, referral revenues consist of a portion of the commissions of digital platforms. Platforms share profits with partners in gratitude for new users who increase their overall trading turnover. There are other methods of remunerating referees. But the essence is always the same. In this case both partners and platforms win.
The profit of the referee depends on the number of invited clients and their trading volumes. The higher these two indicators, the higher the income of partners.
Top 5 exchanges with referral programs for July 2022:
Cranes and airdrops
This way of earning is also simple and requires no investment. However, users must be active in order to receive Bitcoins.
Cranes are applications that give bitcoins to customers for free. But users must perform small tasks. These include viewing ads and other similar activities. Using the cranes doesn’t make much profit – often up to $5 in 24 hours from a dozen apps. But customers only need to log in to the apps for 1 minute.
Airdrops are giveaways of digital assets from cryptocurrency project developers. At the end of the events, coins and tokens are credited to those who contributed to the promotion. Usually participants of Airdrops need to perform simple tasks. For example, the developers ask users to repost the latest posts on Facebook, give likes, and post comments. But there are other tasks as well.
Airdrop events bring more profit than cranes. But such events do not imply instant profit. Usually developers send rewards to participants 1-3 months after giveaways. However, airdrop events can potentially help to raise enough capital for long-term investments. This is due to the possibility of growth in some of the projects that hold giveaways.
This term means trading cryptocurrencies. Trading is a complicated method of making money. To use it, you need initial investments. But beginners without trading skills and experience often lose investments.
Trading also requires perseverance. To trade successfully, you need a lot of time to research charts and cryptocurrency projects. Traders call it technical and fundamental analysis. But you also need to know the basics of trading:
- Cryptocurrency market cycles.
- Investor behavior patterns and other basics.
Trading is different. It depends on the strategy chosen by the trader. Each trading model has a different complexity and brings a different profit.
The probability of success for professional traders is higher than for beginners. That’s why beginners should use minimal investments. It is recommended to invest such sums that you do not regret to lose. It will allow you to gain experience and with time begin to trade in the plus.
Trading can bring a very high income per month – 100% or more.
Top 5 trading exchanges with low commissions:
- FTX – 0.020% of each trade
- MEXC – 0.020%.
- Currency.com – 0.075%
- OKX – 0.080%
- Binance – 0,100%
This is an easy way to make money. There is no need to invest in it. But the way requires activity from users.
Part of the mobile cranes provides clients with mini-games. They do not replace viewing ads and solving captchas. Games are an additional way to earn Bitcoin with cranes. Typically, the applications include entertainment such as “three in a row”. Also, developers of some cranes create special tasks and hold tournaments.
Top 3 games with bitcoin rewards:
- Bitcoin Pop
- Bitcoin Food Fight
- Bitcoin Solitaire
Characteristics of cloud mining
Classic cryptocurrency mining requires a large hash rate. Therefore, you need to buy expensive equipment for mining. Few users can buy such computer equipment. But for 2022 there is a potential solution to this problem.
Cloud mining involves renting computing power. It is possible to rent hash rate for mining cryptocurrency assets from providers. Often intermediaries make the mining equipment themselves and rent out their power to customers via cloud services. Users use the resulting power to mine bitcoins.
Hash rate rentals are made by purchasing digital contracts. Usually providers offer several of their tariffs simultaneously and provide customers with the ability to configure virtual agreements on their own.
The contracts specify the terms of the lease:
- Hashrate value
- Cryptocurrency for mining
Cloud mining can potentially be profitable. But you should not expect a big profit. That said, many cloud platforms are fraudulent. As of 2022, there are few honest providers.
Usually, scammers deceive customers to steal their cryptocurrency investments. They promise high profits, take users’ money, but then they don’t fulfill the terms of the lease – they don’t pay income or stop responding at all. Scammers also forcibly terminate contracts. At the same time, the criminals do not return the investment.
Is it possible to mine on a home computer
It is not illegal to mine bitcoins on a PC. But in the year 2022, it is useless. You can’t make bitcoins that way. To mine BTC you need ASIC equipment – single-tasking computers for mining Bitcoin.
But there is an effective method to get bitcoins by mining with a computer. It involves mining other coins and selling them for bitcoins through cryptocurrency exchanges.
PC mining coins as of July 2022:
- Ethereum (ETH)
- Monero (XMR)
- Bytecoin (BCN)
- Vertcoin (VTC)
- Zcash (ZEC)
Software for mining cryptocurrency
Mining bitcoins and other digital coins requires software. Software allows you to connect to blockchains and use the hash rate of computers to compute within them. Mining pools can be used instead of software. Some of them provide clients with their own interfaces to connect to cryptocurrency networks.
Top 5 programs for mining Bitcoin and other cryptocurrencies:
- Phoenix Miner
- Claymore Miner
Some users ask: “how to earn bitcoins on my computer?”. This question is usually asked by beginners who are not able to buy expensive Bitcoin mining equipment.
Earning bitcoins without a large investment is possible. Popular methods:
- Cryptocurrency trading on exchanges
- Referral programs
- Cranes and airdrop
- Promo actions
The last 4 methods are simple methods of earning. You do not need to invest money and spend a lot of time to apply them.