Bitcoin Forum

So, i wanted to write this topic because the most noobs very first questions are "how can i earn bitcoins", and 99% of them ends up to the "investor-based games" section (aka scams).
Please if you are an experienced member of this forum, help me to complete this topic.

Pre-requisites:

• No, none of those sites in the investor-based games" are legit, you been warned! A lot of experienced members will warn you to not use those websites as they are scam. Please listen those suggestions and no: hashocean is not legit, doubleyourbtcinhours is not legit, ponzis are not legit: they are scam and they will eat your money and if you will continue to support/participate in those frauds, you will loose all your money or if you ROI, you would only have stolen other users money and be tagged with negative red trust on this forum. I been asked:"if they are scam, why moderators dont delete/ban them". Because moderation policy of this forum is not to delete those scammers but to let you use your brain and train you to stay away from those "too-good-to-be-true" stuff. Again: before to invest your money in anything BTC related, search for posts on this forum and listen at experienced and trusted members suggestions.
• No, scamming people here or elsewhere will not make you rich and/or you will propably end in jail. Self-explained: if you are here to scam, you are not a pro. You are a miserable unskilled guy, so unskilled that soon or later you will get caught. Despite the international use of Bitcoin, this community is close enough to find out scammers and tag them...trust me: go back home, dont even try here.

Ways to seriously earn bitcoins:

• Faucets
• Sell goods for bitcoins
• Signature campaigns
• Mining
• Trading

How to:

• Faucets - Faucets are free coins give away to everyone by solving a captcha or visiing paid ads. They give away a few satoshis every x minutes to the same user. You can find a lot of threads abot faucets on this forum. There are also faucet rotators, websites hosting a list of faucets so you would be able to scroll within them without being inactive to wait your claim time is over. You will not become rich with faucets. You can play with faucets to start and study your bitcoin wallet and see how it works but, you wont earn more than some cents and propably your fingers will get tired before of that. Faucets sites are used mainly for advertising purposes.
• Earn bitcoins selling goods - look around your garage, house, grandma wharehouse and see if there are goods you can sell. You might be a programmer even so you could eventually sell your own applications or services. Or maybe you have some old mining hardware or collectibles. There is a marketplace on this forum and personally i check it at least once a day. You will be surprised at how fast you can find interested people to your goods. If you have some money to invest, buy a domain and an hosting, advertise it with a signature campaign in this forum or with google adsense, and accept bitcoin only payments: if you work seriously on it, you would be propably the first case of success here...so you got a lot of room with almost no competitors.
• Signature campaigns - Signature campaigns are a unique feature of this forum. You will not find another forum with active and paying signature campaigns: signatures are those spaces you can see at the end of everyone posts and if you accept to display ads in your signature, you will get paid for each post. Some of them accept newbies but the more you grow your forum rank, the more you get paid. Please dont spam just to get paid: campaign managers will find it out and ban you from their campaign. Write constructive posts, no need to write essays, just dont spam. You have the chance to actively contribute to this community growth and get paid for it: isnt it great? How much can you earn tho from Signature Campaigns? There is a thread on this forum that is continuosly updated with active campaigns, their status and their payouts. Just search for Signature Campaigns and you will see that sticked article. Personally i'm earning 0.008 per post with Bit-X but it is not open to new members for now.
  Edit: i see a point on what KenR says: Signature Campaigns are not related to Bitcoin's earning itself, it is more related to this forum feature. So i partly agree with him and i'm going to get some feedbacks before to decide to remove the Sig Campaigns from this list. Please comment and let's listen at others thoughts. Thanks KenR for bringing this up!
  
  Quote from: KenR on March 28, 2016, 08:24:10 PM
  I suggest you remove Signature Campaigns as a way to earn bitcoins.It dissolves the entire purpose of this forum.The main objective is to contribute to the forum constructively ,you get few bucks for it,its just an advantage and not something your livelihood should dwell upon.People just come here for signature campaigns ,in fact people want to join such campaigns to earn bitcoins without having a clue how it works.This topic will be searched throughout google,don't want you to mislead a lot of young minds to dwell on signature campaigns without having a clue how bitcoins work.I request you to remove signature campaigns.
  
• Mining - yes mining is still profitable and the way bitcoin is designed, mining will be profitable for a lot of years, until the max number of bitcoins have been generated (IIRC about 21 millions of coins). Dont mind halving, the price will adjust itself because the universal demand/supply economic law so, the less bitcoins are generated, the more its price will go up (with up and down adjustments tho). All you have to follow is the hardware and the electricity cost: hardware builders like bitmain, bitfury and their competitors, will continue to build new hardware using new technology, so to keep mining always profitable. If they stop is ok, difficulty will decrease making old hardware still good for mining operations, so that's not an issue. Right now antminer S7, avalon and some spondoolies based 28nm chips can give you 10% of montly ROI. Anything lower than that, is a waste of money and electricity, so dont even try. No you cant profit with antminer S5 and lower right now, so dont whine, stop to say mining is not profitable and buy a new hardware  ;D. Actually we consider electricity cost lower than 10 cents per Kw, good to mine. So anything around there or lower, will give you good chance to profit with mining operations. If you dont have that cheap electricity cost, you should cloud mine. Cloud mining is still profitable yes, but only with a few companies and hardware: actually bitmain S7 market and BW.com are the only companies that are both legit and provide an exit strategy. Both are behind the best pools and both allow you to sell your hash at user marketplace: so if you need your money, you can get it back whenever you want. I'm sorry for genesis mining and hashflare or other legit companies but, unless they provide an exit strategy, i woudnt invest one cent of mines there.
• Trading - Trading on exchanges like bitstamp, BTC-e and others is good but, please, dont use them like gambling sites: use a strategy. There is a section in this forum with very experienced members that can show you good strategies. Keep calm and pick one, you will earn some good Bitcoins. Personally i like Sampey's CAT automated trading script, if i had enough time i would get some referrals from his bot, he is even a good guy and a trusted member. To show you how profitable would be a trading strategy, i am going to show you what i call emergency trading, that strategy i use when there are those huge red or green candle sticks that cause a lot of panic  :D
  The strategy is to transfer your principal from fiat to BTC everytime the candle stick goes green, and viceversa: transfer back your principal from BTC to fiat everytime the candle stick goes red. So here is a simplified schema:
  
  BTC                  USD                  BTC/USD           Price         Action        USD VALUE
  1,000000           0,00                  400,00             -10%        Sell 5%      400,00
  0,900000           36,00                360,00             -10%        Sell 5%      360,00
  0,810000           65,16                324,00             -10%        Sell 5%      327,60
  0,729000           88,78                291,60             -10%        Sell 5%      301,36
  0,656100           107,91              262,44             -10%        Sell 5%      280,10
  0,721710           88,97                288,68             +10%       Buy 10%    297,32
  0,793881           66,05                317,55             +10%       Buy 10%    318,15
  0,873269           38,32                349,31             +10%       Buy 10%    343,36
  0,960596           4,77                  384,24             +10%       Buy 10%    373,87
  0,971876           0,00                  422,66             +10%       Buy 10%    410,78
  
  Look at USD VALUE column: we faced up a huge red candlestick and then a huge green, by selling 10% of BTC everytime the price ticks -10% and bought 10% everytime the price ticks +10%. At the end of the swing we got a total of 410,78 dollars worth of our assets value vs initial 400 USD.
  This is a strategy i use when i panic and i used it just to show you how you could use a strategy to not "gamble" with your money, so it is not meant for daily trading strategies. In the trading discussions sub you can learn more complex and more profitable strategies.
  

This is it, actually these are the only legit ways to seriously earn bitcoins and that i personally tried with success. I hope other members will add their experiences helping everyone to make Bitcoin community better and avoid days of wasted time (and money) to newbies (and over  ;), me included)

Hamu

Seriously? Mining and Trading are your ideas for earning Bitcoin for dummies?

To be fair, there aren't many other ways to earn Bitcoin, and there are some tools that set up and mine for you, and trading is basically buy low, sell high, so anyone who is able to follow that logic should be able to figure out how to trade.

Sure, they might not get rich off of it, but it is a fairly simple concept that anyone who has the brain to get into cryptocurrencies could use.

Very good and nice thread .However i think it should have been posted in "Beginners and help" section of forum because that is the only section from which most of newbies start with.Anyway you can move it .


I also think that those are not best ideas to earn bitcoin for dummies as some of them maybe completely new about it so it is better to give them time to understand it or provide links in thread regarding some information how mining and trading stuff works.It maybe very risky for dummies if they take a step without knowing anything about it.

I also think that there are couple of points that OP missed like faucet and altcoin faucets or microearning-sites .Also part-time jobs if dummies are capable of doing specified work.

I must admit this is very informative op.Helped me clear lot of things about trading and taught new things about mining.It may not be for dummies,but it is helpful

Interesting thread with a nice explanations, i just was curious about your method :P, lets hope this can help someone but maybe is a little bit hard for dummies.

Btw Sampey's CAT automated trading bot is really good, well, specially if you cant program your own one, but people must be really carefully, sometimes people use it thinking that they will be rich in few weeks and they didnt know even how to configure it...

Thanks for this thread. I am especially interested in the trading part.

The time to earn serious bitcoins as a dummy were over as soon as bitcoin got any resemblance of value. To make a good amount of bitcoin nowadays, you need to be involved and willing to spend either a lot of time or cash.

Signature campaigns might be the best way for dummies nowadays, but you won't make more than 20-30 USD a week even in the best campaigns at the highest ranks. And that is not something id call serious bitcoins.

If you really want a lot right now, just spend cash on it and have them on hand directly.

what a useful thread.
I actually wanna start trading (I just followed signature campaign this time). I asked my friend how to trade, but he gave me unclear ways.
then I read your thread. would you mind to explain more about trading? my friend said we need some money ir butcoins to start trading. so how much we need to start?

Bitcoin "dummies" are better off making money in the real world - even if just some minimum wage job - and then buying bitcoin as a way of "earning" bitcoin. Bitcoin dummies are more likely to lose their bitcoin in mining and/or trading. When they are no longer dummies, then maybe look into mining or trading.

its a good guide. but imo only the first 2 options are good. you can sell goods &services or join a signature campaign, because i think if you are new to bitcoin mining wont really be a good option for you.

You can add doing captcha solver. It paid per 1.000 captcha and the rates is depend what time do you work. The rates is around $0.3-$1.2 per 1.000 captcha. If you can type fast, this job is good for you.

Not just typing you have to solve the images in the captcha
box by checking which has the same match

I have tried this but do not recommend it.
This method is very time consuming and only good if you have good dexterity.
I found you have to sit in front of the computer for an hour at most to continuously type and found that only 85-90% were counted towards the solved ones that were accepted. If you can sit infront of your computer doing 1000 in one sitting, your hands will cramp up and possibility cause irreversible damage to your wrists/hands. Is it really worth it for $1.20?

I think the first option has the best potential of earning respectable amounts of Bitcoins every month. If you can create a niche website and do your SEO right you can get a lot of traffic of people interested in Bitcoin and subsequently get a lot of referral commission by selling products and showing ads. The sky is the limit here and you may be making bank in a very short period of time.

There are also airdrops of altcoins that one can trade for bitcoin should they receive the drop.  They have different requirements but are free to join...some airdrops could land one a decent little stash of bitcoin once traded.  However, I don't know if dummies should get involved with airdrops because they are also an easy way to inject viruses into one's system....so, maybe not for dummies but they are a start for some.

For trading, are there other decent trading bots out there besides CAT? Preferably free ones?

Thank you for the informative guide, so simple but straight to the point very helpful especially with newbies to trading, I think logic is easy if you really focus and really wanted to learn. you done a great job here mate keep it up and thank you again.

Yep, this.  Trying to work for bitcoin is ridiculous unless you're a coder or something.  It's like trying to work for gold--there aren't many people who'll pay you in gold.  Just get a job and buy btc.  The sig campaign suggestion isn't a bad idea but they don't pay big money. 

Mining can be in the form of cloud mining and it is suitable for dummies. Only they will have to invest initially. There are some cloud miners, who are real and paying off their investors money as agreed.

Though trading is truly risky for the dummies, but eventually if they wish to earn big, they will have to move to trading. It's better for the dummies to learn trading using altcoins which is available in the market for free/easily. Then only they can move to bitcoin.

Mining and trading, yes. Especially dollars to Bitcoin.
I think one of the easiest ways is Bitwage - take a chunk out of each paycheck. Or else Circle or (not) Coinbaise.
I would not recommend signature campaigns.

I thought that was a great article for how to earn bitcoin for dummies. I am only a Jr Member so i do not know that much but that was a very encouraging article but i believe that the article should be put into a different section of the bitcoin forum such as a help guide

 This is really a great and useful post for everyone, who wants to earn BTC
Thank you for sharing this.........

Never heard of this before but saw it mentioned in the beginner's section on a thread that I posted on just a couple of minutes ago. Care to elaborate on this?
I would just install it on a independent computer that I have no real use for that is not on my network if I suspect something fishy with the application that involves with this airdrops that I keep hearing about.

Yes, it's a good idea to either install the client on a stand alone, if a spare is available, or use a VM.  The problem with the airdrops is that they induce a large population of participants before any liquidity is established.  The participants download the client, submit their address with a few extra details to insure there's no multiple drops, and before much peer review can take place, their systems are compromised.  Some also use the bait and switch where one client is presented for peer review and then it's switched out with a rogue client....Sorry for being too lazy to search out the citation links but there here somewhere....

I don't think mining is suitable for newcomers to cryptos. There are so may quirks to iron out before you could get a decent hash rate going both from hardware and software standpoint. And I have done cloud mining before on Cex.io and I didn't get a big profit either. It was more like because I didn't have the mining hardware at that time I decided to give it a try to see how mining would work. And of course with the increasing difficulty my bought hashing power didn't make the cut any more and I just withdrew everything. If you want to see how mining works don't invest a lot in mining hardware if you are a novice and buy some hashing power instead and enjoy the ride.

very good analyze,but why dont you put faucet rotator to your seriously earn bitcoins?
i think people who concern earn bitcoin fromfaucet also will have good income,they earn btcoin with serious way,adding so many faucet on faucet rotator,and i'm sure they can earn big amount of bitcoin each month.

Yes bud faucet rotators save you a lot of time and you can earn a certain amount of satoshis if you finger for an entire month. The problem is i always gave up before to reach the "certain satoshi amount" just because my fingers coudnt react anymore to my commands  ;D
Jokes apart, yes i mentioned faucets and i think it is a good start for new comers to see how the wallet works and things like that.
I wont post any info on faucets and faucets rotators because all of them would be referral links, and that's not fair play on this forum, but everyone can just use the search button here and find tons of those.
Thanks for bringing this up!

It just shows how times have changed my very 1st thought when i came across bitcoin was where can i buy some,  back in 2013 not where can i earn some.  It shows that there is obviously an uncrease on people and busineswses paying in Bitcoin.  ;D

I think what he meant was that he can give a brief or simple explanation of each earning method, and how anyone can do it. I found this to be very helpfull

Cloud mining, absolutely not. However many of us got our first taste of bitcoin through mining at home. That could be the best way to get started because you learn how it works a lot better than treating it merely as a currency or a poker chip.

I have tried to think of any other better than faucets method to earn bitcoins except the one you have listed, but I didn't really come up with a better one except for more risky, gambling. Although you might end up loosing all your bitcoins, it si one of the fastest method to earn fast and easy. The only thing needed here is luck and a bit of bits to start with.

I totally agree with you! I miss my GPU fans lullaby  ;D
Unfortunately electricity costs are not the best where i live so i had to look for an host. Actually 10% ROI of invested principal is back to me every month. Not bad i guess. Hardware is S7. Anything lower give bad returns even with cheap electricity  :(
Looking forward to next generation chips.

I suggest you remove Signature Campaigns as a way to earn bitcoins.It dissolves the entire purpose of this forum.The main objective is to contribute to the forum constructively ,you get few bucks for it,its just an advantage and not something your livelihood should dwell upon.People just come here for signature campaigns ,in fact people want to join such campaigns to earn bitcoins without having a clue how it works.This topic will be searched throughout google,don't want you to mislead a lot of young minds to dwell on signature campaigns without having a clue how bitcoins work.I request you to remove signature campaigns.

So i edited OP since i see a lot asked to include faucets (despite my fingers cant really stand the captcha solving thing but i see from comments it is propably just me  ;D).
I also quoted KenR and updated OP (thanks KenR for bringing this up) since i kinda see his point: SC are not Bitcoin's related themselves, but they are more something used in this forum only. so thumbs up on that but, as usual, i'd like to hear from other members before to decide to remove SC from OP (kinda same happened with faucets: initially i didnt mind to include them in the list but i HAD TO because of folks request  :D)
Hamu

It would help more people to earn Bitcoin with the right way, but I think it's kinda boring to be read.
Btw someone already done this thing before, but anyway thanks for the effort.

Well, there was substantial time spent to create this topic, but I'm afraid I have to say you can't seriously earn BTC with faucets or signature campaigns. There are more possibilities with mining and trading, but I don't think a newbie can be successful there. Frankly, it's better to work at a fast food joint and buy BTC.

Only because you requested this: In my opinion the signature campaigns help the bitcoin economy in two ways 1) they help introduce new members to the community, and 2) they help those who are attempting to start up a new bitcoin market by advertising their services. 

The problem, of course, is that the signature campaigns illicit spam or nonsensical posting which clutters the forum....the solution is to have the signature campaigns moderated by experienced campaign managers.  That's where we're currently seeing the signature campaigns migrate....Competent campaign managers are offering their clients a higher return on their investment so more campaigns are hiring the more competent campaign managers and the "spammy" signature campaigns are losing on their investments.  Signature campaigns are a viable source of bitcoin for those entering the community.  Of course, we could start regulating the signature campaigns out to preserve the integrity of the forum but that's an elitist viewpoint and not beneficial to the bitcoin economy.  My position is that we should let the market decide and let's stop trying to centralize control over it with our elitist standards.

A couple of ways more that I think are worth mentioning.

1) Posting/blogging. There are several Bitcoin ad sites that pay you for publishing banners in your blog (mellowads, coinad, blockzad). You can blog about things you like/know about and get some BTC.

2) IRC chatting. There are also several IRC channels that tip you for being active in chat in different altcoins. Those altcoins can then be traded for BTC (or kept, which is sometimes a very good option). You'll not get much (although sometimes there are big giveaways), but you'll get more than with faucets.

I don't know if this has already been put into the section but you can also go to services in marketplace, and look for jobs that pay out, like making videos and jobs to earn bitcoin. An example of this was the Crypto-games.net Youtube campaign, where you had to make a video (it's closed now) to earn 0.05 BTC.

As this thread dedicated for Dummies,     Faucets, Sell goods for bitcoins, and Signature campaigns are best ways to earn bitcoins.

But Mining is not suitable for dummies, as it need huge investment for mining equipments.

Trading is advisable for well experienced investors, not for dummies.

more thread about good way to earn bitcoin is much better for us and for newbie,newbie can find thread like this in every section,so i think this is will great,even this thread not give any links,but newbie will more aducated and feel free to try.

I believe trading and bitcoin mining is not at all suitable for novice. But buying bitcoin would be a better choice but it is not a earning method. Might be signature campaign is a better way but it needs some experience in this forum to start with.

The best way to earn Bitcoins will still be to get paid in Bitcoin for the work you do or to buy when the price is low and to sell when it is high. The trading the OP suggested is too complex for the average Dummies out there and a poorly configured bot can actually cause you to lose a lot of money. The faucets is only a good options, when you do not have to solve a single Captha, but has built up a huge referral network and they generate the income for you. You might even start your own faucet from a pre-configured script, but I would advice against that, if you not a seasoned programmer. ^hmmmm^

Realistic ways to get bitcoin:

+ Buy for fiat
+ Sell goods or services
+ Signature campaigns


- Trading is a risk, most will get burnt.
- Faucets are waste of time unless by faucets you meant to trick many others to use your referral.
- Mining Bitcoin means quite some investment with small chance to ROI unless you know what you are doing and have extremely cheap electricity. An interesting idea can be the mining of atlcoins and selling for bitcoin, since for that your gaming computer may be enough.

in order to have bitcoin the best way is to buy it with fiat.
and the only method for earning bitcoin that is decent for "dummies" IMO is signature campaign. all the rest requires the person not to be a dummy,
using faucets needs referral gathering skills, or exploits...
selling goods needs experience on what to sell and how much to charge in order to make profit
mining can't be done by us at home with the electricity costs that we have to pay
trading is a good way but requires a lot of time dedication.

If you're good at something, it can anything, like writing articles, graphic design, video editing etc, it could be a good idea to advertise your service on the forum here or on Reddit. For this though, I would choose something I'm totally comfortable with and enjoy doing, it's not gonna work if you have to put a lot of effort into it. It's a shame Fiverr has started accepting Bitcoins as payment but does not pay out in BTC yet because they are great for these types of small jobs.

Assuming the person we're talking about isn't too far gone, signature campaigns are the best bet for people. Of course you need to look at the average signature campaign poster here, which (sadly) is:
25% 1 letter posts
50% posts that don't add to the conversation or make sense
25% posts that are actually good.
There are so many downsides to a signature campaign, and so many pros, but i'll shorten it for you and say that there is really no good way to earn bitcoin easily for dummies and it's all personal preference. Like art and good at it? Go to services and join a logo design thing and earn up to 1 bitcoin for that! It's all about what you're good at and what you want to do.

Yes you are right. This article is more motivational and a good guide for all the people even for higher ranked members who are still looking for more methods to earn bitcoins.

I agree too.  This article has also opened up a dialogue that is exposing other creative techniques for earning bitcoin.  I am sure that there are methods that some are using that are kept in secrecy.  (SMILE)  Maybe, a new  and innovative technique will be exposed in this thread....I am subscribed!

It's basically the same process as you would earn fiat money.

good post. i myself am enrolled in a sig campaign and doing some service here and there for some btcs. i also do some altcoin trading and searching for promising altcoins to invest in.

Boring to you? You must be already having very big amount of bitcoin hoarding. For those who are very much enthusiastic to make bitcoin would be finding this article most useful and very interesting.

Yes this article is some what lengthy but I find it more useful. Because I am in search of finding new and different ways of earning bitcoin. Because I do not want to stick on to single old method always. The new methods are interesting as well as energetic to motivate myself.

There are many bitcoiners here who are always wanting to switch over to new things not only for their entertainment but also for earning. So, this kind of article will give them any new idea to make bitcoins in a new innovative method.

Recently I came across some people who are already having some big amount of bitcoin but they are finding faucet earning more interesting to them after tried many other bitcoin making methods. So, we are not aware which method will be suited and interested to whom.

I think I might have an idea:  learn a secret to earning bitcoin and produce a bitcoin seminar series that explains how the secret works, then publish a book that explains why one should buy the seminars.  Sell the book to those who are interested in buying the seminars then sell the seminars to them.  Oh, that's already been done....it works too!

Mining is rather chancy though isn't it? I'm okay with faucets and trading but mining or gambling might not be safe.

i used to buy bitcoin from some market, and when i started to think to mining myself, i think its already late... sigh...

Bitcoin is easily converted to money, so, it is money. No one is giving, throwing , Gifting money away.
There are many people trying to get your money, so, expect the same about Bitcoin.
Don't get lured by Big shiny opportunities that seems too easy and too profitable.
You have to learn a lot, and like money, to earn, you must be prepared to spend time and effort.