Bitcoin Forum

Having a decent stack of BTC sitting on your wallet is pretty good, but im wondering if there is a way to watch that money grow off interest in the Bitcoin world. Im thinking about how can I grow my Bitcoins passively without having to do basically nothing, just like those rich fiat cunts do. Unfortunately I don't have many BTC but I don't have much free time to work parttime for extra BTC beyond posting a bit on here or what not and that pays peanuts. I do my occasional trading as well but that takes time so it doesn't count as passive income.

No.

To earn any sort of interest you'd have to invest it somewhere and right now there isn't anything worthy enough to trust, all the companies which looks trustful might end up scamming after they have acquired enough funds, so my advice to you is just keep it safe and wait for the price to go up. You can try lending in the subforum but then again it is risky and one bad loan might put a real dent to your savings so far.

all investment has risk, my current method is diversification, i save some and invest some. some investments are more risky than others. i think some POS coins that are stable arent a bad investment :)

You could invest your bitcoin on a reputable site's bankroll.
Note that this still involves some short-term risk, but you will have profits in the long term with the house edge.
The only big risk is the casino being hacked, it could happen.
I recommed a well established casino with security being a priority.
I will not be giving you-advertising any names though, you will have to make your research.

Exactly this! OP don't be crazy! Don't let the greed takes you over. Hold your bitcoins in the cold storage and be happy that you have them and that nobody can scam you.

There is no good and sure investment possibility in the Bitcoin space at the moment. Just many scams and ponzi schemes!

Trust me!

I wish there is some way as well. Just like you i have my stash sitting there doing nothing. However if you weigh the risk you would have to take to generate that some extra coins, it would still be better if you would have left it there doing nothing at all

the only way would be with mining if you have low electricity cost or if you have it free, aka steal it

you can buy 1 S7 and see how it go, but the long roi will kill your expectations

Can also workout with the GHS ,but not that much roi but less hardwork and burden .
not really anyone can steal electricity ?

OP, invest some bits on lending section of poloniex. But also its not recommended to leave your bits on any exchanges.


NOTE: I'm not responisble for any of your losses by this.

there are some college students or someone that work on a huge industry that can take their electricity and use to mine , maybe with an hidden miners

inrussia i've heard that they are still doing the trick with the magnet, to have free power...

What is the trick you're talking about ? I've never heard of.

Best advice!

you put a magnet near the electricity meter, which should stop the counter to go ahead, there it will be registered that you have never consumed anything in term of electricity

this is not legal at all, but in some country it still working

that is not soo welcoming if you are mining with a couple of miners ..
and if you have a farm full of ASIC's and you do it then ,you prolly get caught by the amount of usage and the amount you are paying .

No, there is not legit/trusted way to get interest on your bitcoins, I have seen some sites but they turned to scam after they got enough deposit

What's an average monthly return on 1 BTC offered for lending on Poloniex? I know it depends on length of a contract, but I'm asking for someone with experience to give the estimate on average.

YES, there is a safe way to gain interest on BTC:
Goto Bitfinex, sell your coins and gain interest on the dollars that rest there(2-30days)
Actually its around 0.016%/day(fee included), but it had been already much higher.
Whenever you need the coins, you buy them back there.
Anyway, the fee at the exchange there is very low, so you dont loose much.
If its only the interest rate , you should leave your coins/dollars at least a month.
Risk is minimal as its one of the biggest exchanges worldwide.

well yes, this was done by private small miners in the altcoin section, with multiple gpu , not by asic companies

Yes your proposals are good but still you can grow your bitcoins without loosing your coins. When you lend some one with proper collateral then how one can scam you?  In case if he/she don't payback then just liquidate your collateral but you make sure you get at least around 125% of collateral to safer side. I think if you follow this rule then surely no one can scam you.

That is a very different case then , Gpu's dont require the hardwork like asic's do but still you are going to get caught under cyber criminal activities eventually and that too just for saving some bucks.

You can earn bitcoin interests here https://bitcointalk.org/index.php?topic=774359.0
You can try with small portion of your bitcoin and put the rest in cold storage.

There should be big bank-size loaners to make the interest system work.

And that means a serious job just like banks do.

There are many ways but most are not trustable. As long as you do not hold the private keys, you do not have control over the coins. The investment "company" or "products" may suddenly "disappear".

Why would anyone call the OP greedy for wanting to make the most of his BTC?

It's called enterprise, not greed.

Long term in my opinion, there are no viable investment opportunities.

Short term however, I think that p2p lending is good if you back the right people.

JustDice was fantastic place to park some BTC, with highly reliable owner. Unfortunately, he was forced by Canadian government to cease accepting BTC from anonymous users, and site switched to altcoin instead. There is none highly reliable place like that any more, all others are far more riskier.

consider P2P lending
https://loanbase.com/

No investments are without risk, but there are some relatively low risk investments.
You could try investing in a gambling site?

Or buy some shares on cryptostocks for example.

I think there is just a matter of time until all these unregulated gambling sites don't get under the government scrutiny. I don't know when will this happen but something tells me that with the crisis all over the world, governments won't let these things slide this easily.

After all they need their taxes, and losing money by inability to tax Bitcoin gambling sites will not be acceptable for them.

lending is waiting a fairly long time with a small interest percentage as reward. especially when there are very experienced lenders out there that are asking for very low interest rates.

Someone recommended BtcPop some days ago. There are highly trusted people there who seem to return their loans with interest. But my advice (as always) is to put in a bit and see how it goes before risking a lot of money.

I would say Yes
Yes you can invest bitcoins and earn interest without doing anything..you can invest in dice sites bank roll or any other reputable site bank roll but i am not saying it's risk free.Every investment big or small involves risk,so only invest what you can afford to lose.Other way is to provide loan to people who csn provide you with valid collateral..This way you can earn some interest on your bitcoins..I don't think any other way exists and remember not to fall for scam sites otherwise you will end up losing your bitcoins and don't go for ponzy and hyips :)

I think HaoBTC is offering deposit BTC and earn interest. But there's a big deposit needed to start with HaoBTC and interest is not really that big. They have a thread here in BCT somewhere.

It seems BTCJam is having less and less volume lately. Maybe people is getting tired of not getting paid back. I wonder if the business will survive long term. We need something to make lending more secure and less of a big gamble, because I would rather go to the casino for that.

That's the shocking news I read here. I see many people they are saying from lending out bitcoin they are making more than decent amount of bitcoin. But with lesser volume, it would be harder for longer run as Bitcoin lending sector to grow.

Surprised nobody's tried yet to push CoinJoin/Joinmarket onto anyone who can't manage to run it.

I don't think that you will be able to find a possibly way to earn bitcoin passively from your bitcoins. I read all the above posts but I think that there are not yet such credible sites which offer low but sure profit. If you want to risk with your bitcoins I don't advice this. Every bitcoin entrepreneurship (start up or not) which offer interest is not to much credible (as I know) or their don't guarantee you bitcoins. So with much probability your bitcoin will be lost. Better leave them in your wallet hoping that one day the price of bitcoin versus the other currencies go high. In that day you will have you passive profit from your "investment" of not doing nothing without risking nothing.

I have a HaoBtc account, and can say the work pretty well paying interest hourly (at least the last time I entered it, which was some weeks ago). Right now I do not how they are paying, I am trying to enter but can get through the chinese language, as homepage has changed (before you can see it in English, but right now I cannot find the option).

Interest was about 6-8%, so it requires a lot of money to get a decent amount.