Bitcoin Forum

I got into bitcoin with the thrill of mining, but now that the difficulty is through the roof (my btc turned scrypt rig would make about $0.34/day), what is there to get into? As the price sort of stagnated, I'm wondering if anyone has interesting ways of earning bitcoins, or anything that might bring my interest back into something I once thought was amazing but now don't seem to have the time for (which is not what I want for btc's future)

Signature campaigns are paying okish, you can make around 15-30 USD a week at hero tank.

Other than that, I don't think there are a lot of ways currently.

Working for as much money as your value commands and then using fiat to buy bitcoin. That's the best way to obtain Bitcoin. You could also try to sell goods or services on this Forum for bitcoin.

In the future (quite soon actually) there may be some legitimate BTC investment options. Right now you can buy penny stocks in BTC, but penny stocks can be risky.

Mining for rich ? 17 kW = 110TH/s

http://www.spondoolies-tech.com/products/sp50

can replace heater device at home.
6x 120mm fan ...  ;D

need filter ...

http://imagizer.imageshack.us/a/img903/4551/P7j4ll.jpg

Mining isn't just for the rich if you know what your doing.  Keep a close eye on the goods section and you can snag some good deals here and there, definitely enough to keep a good sized farm going if you know the different units and their current prices.

I agree. OP, you are a full member so you can join a good Signature campaign and make $12-$15 in Bitcoin per week without any miner and without high electricity bills. But don't spam or you might be banned.

Not too many options. Everything is to risky and full of scams, all of the so called investments, etc. What I would do if I was you, I would buy coins, as much as i can afford and stick them into a cold storage.

Then I would enroll into a signature campaign just to make some pocket change, that I can engage into discussions and help people!

ask yourself. what can you do in the real world to earn FIAT..

now put that same answer to bitcoin.

hint: get a job

for all these sig campain abusers. who spend all their waking hours making comments just to get $15 a week.. how about put ur C.V into all these 100,000 bitcoin businesses, asking to be customer service reps, replying to queries.. and earn yourself more than $15 a week..

now most jobs you would get $300 for 40 hours at $7.50.... which is better pay then 80 hours of forum abusing for signature commissions... and the best thing is..
if your happy doing 80 hours for $15.. then offer 40 hours of your life for anything above $15, so both you and employer profit..

His signature has "Click HERE for free totally legit free money" in it today. He should stop using it to offer "free money", and start using it to earn money through a signature campaign. It's been a few years since everyday people could mine Bitcoins with graphics cards. You have to either earn them or buy them now.

Well an alternative to mining for earning bitcoins could be receiving it in exchange for the services you offer to the public which I recommend to study some programming language as the fee's for programmers are pretty decent... you could also get involve in trading although requires initial knowledge plus dedication and luck but since you mentioned you don't have that much time then your best bet would be to invest on cheap 2nd hand mining equipment's as mentioned by DebitMe and then after some time reinvest the earned bitcoin using it into buying another mining equipment and do this until you have enough miners that satisfy you although this is a long term solution

There is so much more to Bitcoin than just a get rich quick scheme by mining Bitcoin. You can get Bitcoin by doing work and jobs like you do any other currency. It can be used to buy stuff. You can try to utilize Bitcoin and blockchain to make something that can potentially become profitable.

It's amazing how many times I have to tell people this same sentiment. Bitcoin is currency, that's it. Decide what you want to do first and then decide if you want to accept Bitcoin or Yen or Euro or Dollar for it.

It's hard to mine now i know, i sold all my rigs (that i could, some even couldn't be sold for anything more than dust so i kept them as souvenirs), but there
still are ways to get a hold of bitcoins. Just start small by offering some service you can offer people to, and then use profit to start your own lending service
with competing interests, and if you are careful about the collateral - your stash of bitcoins should start rising slowly over the time.
If you are searching for a quick way to get bitcoin funds on the other hand - just forget about it, those days are gone.

I wouldn't say mining is for the rich. I'd rather say it's for people who have quite a lot of money to begin with, that's for sure, but those people must also be willing to take risks, and accept a low return on investment for the foreseeable future. If BTC goes down again to say, $200, mining will be a terrible way to generate an income.

You still haven't said how much it costs...

I define "the rich" as "people who have quite a lot of money to begin with."

How do you define them...?

I would say the truly rich as born into it.
Those that say they made themselves rich from nothing, never tell you they had a trust fund to fall back on and that their daddys and mummys had insurance put out on themselves.  :D
So truth told - don't ever believe the hype when someone tells you that they grew up from nothing and worked hard to make it rich. That is all BS in my opinion.
People tend to believe stories people tell them. ::)

I'm not following the sig campaign and $20 or so dollars a week. Is life that bad? Where are you people from??.?

when you can pay 2 person per month.

i presume anyone happy to take home less than $300 a week, must be from third world currencies where the cost of living is much lower.

Well I use a signature campaign and I can make around 5 bucks a week while also learning a lot about Bitcoin. So you can get into a signature campaign or you could also do some gambling. Another thing that you could do would be to buy some ant miners and mine as you will be able to earn a decent amount of profit, keep in mind your electricity bill, this may not work for you.

I think mining's more of a hobby now instead of an investment. So if you really like those awesome rigs you should go for it. If you're purely into mining for the profits I suggest you look into other investment opportunities.

I think people in China would beg to differ on your opinion of it being "just a hobby".
Have you seen the mining farms they have? It is at an enormous scale and must shelling them a massive amount of coins per day or they would not be in it to begin with.

You can still try to mine some altcoin and then sell for Bitcoin. It tends to be more profitable.

He's referring to average Joe  mining, and what you're talking about is industrial level mining, which is the very reason us "average Joe's" don't have a place in mining anymore.
It all went down when ASIC's came out, and imho it ruined the very thing bitcoin was created to have - decentralization in every form - mining included.
Even tho mining provides somewhat better security now, with larger hashrate, i still think that switching to another algo as soon as asic's came out would be far better solution.
Keeping it in average people's hands was the idea,available to everyone -  was it not ?

I'd imagine there will be some nice opportunities with Open Bazaar (and competitors) once they open the doors (like a month or so?).

If it was to keep in the average people's hands was the premise of mining then yes I agree with you.
But everyone knows that one big corporations(in this case a person who had money to start off small then grow it to something massive) see something they can profiteer from, they will jump on it and leave the little mom and pop shops in the dirt. That is big business for you.

When you can pay 2 person per month to do what?

As I've always maintained - you're not going to be getting better monetary rates than just having an actual job. If you have a job - even if it doesn't pay in BTC, you can convert fiat to BTC and "earn" BTC that way - and in all likelihood you'll come out ahead than if you try and find something else. And as a side note, mining requires a large amount of capital but by no means is it for the "rich" - people who are actually rich (ie. top 1%) have significantly more capital than those who mine.

There's nothing left for home miners unless you get special rebates for buying ASICs and can purchase them at a lower price or have a free electricity. Even so, the scale of the mining and the profits would not justify the time wasted on the maintenance. Try mining some altcoins.

They have almost free electricity in some places and really cheap hardware(they are produced in China) and super devalued currency. With scale even the hardware is close to free.

Of course most of the world is not in the same situation

They have very cheap land and can build warehouse using those. Cheap electricity isn't enough as it wouldn't yield much profit with low number of hardwares. There's no import fees when they have the miners produced in their country.

I can see where you coming from.... The mining side of Bitcoin, also got me interested, when it was still profitable... those days are long gone and individuals in pools, make nearly

no money at all. You could dabble in the Alt coin scene, if you want to stay with mining, but the margins are quite thin there too. Cloud mining is out of the question and ROI is

non-existent.  Signature campaigns is boring and the time, do not justify the returns. {It's a incentive and a free bonus, but not a effective way to become rich}

I would take on a second part-time job, take that money and buy Bitcoins, when the price is low.... sell when it's high.  ::)

ehm it's not 20 a week i admit that now it is only 160 per months, which is 40 a week, so still higher than what you was thinking

but in the past it was double of that so 80 per week, and for me 80 per week is a decent profit for only 3 hours a day of posting

OP you can simply buy bitcoin if you want, which will help the market also...

seems alot of people are stuck in the rutt of sweatshop working for pennies an hour.

even when told they could get proper jobs, many people here continue to think bitcoin is only signature campaigns and USB mining devices to make pennies..

well i guess people dont want real work..

Gosh, and here I thought trying to get rich fast was the smartest route XD

lol, but just look at many peoples advice on how they should 'get rich fast'.... by spending 80 hours a week to earn $15.. its like the blind leading the blind

Yes, that's right, but my point is that being rich is only one side of the equation. Mining belongs to risk-takers. And since you have to invest quite a lot of money to be a successful miner, it means taking a pretty large risk. There are many rick people, but very few get into mining.

It is like outside world. Guys who have production tools are always at advantage.
And production tools' prices always goes up and up and up.