egzoski (OP)
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Activity: 19
Merit: 0
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October 13, 2016, 06:01:48 PM |
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So guys, how are you earning your Bitcoins, through mining hardware, or satoshi digging crap? I am making them through a bit different way of the "usual mining" I am actually "working" or call it whatever you want on a site called Steemit, which is mostly about writing articles. I am earning STD (steem dollars) within each article, and then I process the redeeming to bitcoins. But this is not passive, and not guaranteed cuz there are days that I am not earning anything.. It all depends on "voting power" - who votes for you. Oh forgot to say votes are important because that's what earns your steem dollars. Steem dollars can easily be exchanged for bitcoins. The process takes 5-10 minutes.
So, what about you guys? What's your "passive income", how are you mining bitcoins?
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Carlton Banks
Legendary
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Activity: 3430
Merit: 3080
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October 13, 2016, 06:10:57 PM |
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Steem dollars can easily be exchanged for bitcoins. The process takes 5-10 minutes.
Isn't there a preliminary stage though? Something like: Post something on Steemit -> Get upvoted some Steem crypto -> Convert Steem to Steem Dollars -> Convert Steem Dollars to BTC .....where the Steem > Steem Dollars stage takes several weeks?
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Vires in numeris
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egzoski (OP)
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Activity: 19
Merit: 0
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October 13, 2016, 06:13:11 PM |
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Ugh no of course.. After you submit a post, there's a period of 24 hours to generate any income and you automatically get paid the amount that you made from that post onto your steemit account, and then you can transfer to bitcoins or any cryptocurrency.
Let's say I publish an article on 13/11/2016 in 8:00PM The earning availability from that post will end on 14/11/2016 8:00PM and you will get paid in steem dollars automatically what you made from that post.
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Carlton Banks
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Activity: 3430
Merit: 3080
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October 13, 2016, 06:19:27 PM |
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Ah, so it takes 24 hours and 10 minutes to convert Steem to BTC? That's what you mean, right?
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Vires in numeris
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bitbunnny
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Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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October 13, 2016, 06:19:53 PM |
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At the moment I'm only earning Bitcoins from the signature campaign. It is not very much but is stil something. But I'm looking for other ways how to eaen some coins so your way also sounds interesting. Trading is another good way for earning Bitcoins but at the moment don't have the funds for this.
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es2thekay
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October 13, 2016, 06:21:33 PM |
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Graphic design works when i have opportunity, most of my earning come from tasks and dice. maybe from sig campaign in a near future.
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Leonard2016
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October 13, 2016, 06:30:26 PM |
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i am mainly doing two things to earn bitcoin, the one that you see here is participating in a signature campaign and getting paid for it.
and the other one which is better and you don't see here is trading. and for that i mainly trade different altcoins for making more bitcoin.
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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October 13, 2016, 06:53:10 PM |
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I am a hodler as my handle here also suggests, so that's from time to time my way of generating Bitcoins by securing profits.
Another way is earning some coins through the signature campaign I am currently enrolled in. And that's it.
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BSV is not the real Bcash. Bcash is the real Bcash.
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croutonhexagon
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October 13, 2016, 06:55:08 PM |
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I am not generating bitcoin rather i am earning it from signature campaign at this forum and through betting in bitcoin betting sites. Luckily i am winning good amount in betting and i am addicted now with betting. But i know this not the best option to earn bitcoin.
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Bitcoinsummoner
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October 13, 2016, 06:56:31 PM |
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For me right now still looking for a good source to generate more bitcoins and only signature campaign is giving me good bitcoin.. but i hope that there is a site that can give many jobs and task.. just like bitfortips but i really dont know about that site i tried it but never earn.. or its just fake one..
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hakanbalta577
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October 13, 2016, 07:01:26 PM |
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The most common way i am earning bitcoins right now is signature campaigns and i am earning close to 0.1btc per month with it,which is not huge but still good enough.I am also doing some trading with bitcoins but only little bit without taking any risks to earning are pretty low there as well,but i hope with time it will increase.
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Wendigo
Legendary
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Activity: 2604
Merit: 1036
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October 13, 2016, 07:05:02 PM |
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Steemit is 100% forced content, there is nothing genuine in there like every single article is created for the sole purpose of being monetized. Also the begging for upvotes in the comments section is just disgusting. I don't want to be the party pooper but there is nothing more you could find on Steemit that hasn't been already posted on Reddit for example. Steemit is run by the cartel of high-voting power whales and everyone else is churning out shitty content hoping for them to click the 'upvote button'
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DannyHamilton
Legendary
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Activity: 3472
Merit: 4798
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October 13, 2016, 07:08:46 PM |
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So guys, how are you earning your Bitcoins, - snip -
Bitcoin is money. I get it the same way I get any other money: I have a job. I provide a service, and I get paid for that. My employer prefers to pay me in the local currency so, just like I would if I wanted any currency other than the local currency, I exchange some of that local currency for bitcoins.
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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October 13, 2016, 07:11:14 PM |
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I'm converting a percentage of my monthly salary to bitcoin to maintain a steady stream of new bitcoins and it acts as investment for later.
Next to that, the signature campaign earns a nice amount every month.
I wish the price was still a bit lower so my monthly buying would net me more bitcoin, but can't complain with the price other than that!
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isen
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October 13, 2016, 07:15:00 PM |
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Most of my Bitcoin earnings come from altcoin trading I am not earning much but still it's a decent extra income for me,other sources are signature campaign and my faucet referral commissions many people seem to underestimate them but I am satisfied a lot from both,the first cause I am getting paid for doing something I enjoy and the second cause it is almost passive.
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jamids
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October 13, 2016, 07:25:45 PM |
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I am generating bitcoins through trading altcoins. I believe that this is the best way for me to earn because I already have the background and idea of how trading works and I already have the strategy. Since I have a day job, trading is ideal for me because I will just have to set up my target price then I will just have to wait for it to be hit so I don't need to watch it the whole time. It's risky because the price is unpredictable and it's possible that the target price would be hit in just minutes or it might take days or weeks. My target profit is not that big because I prefer day trading if possible because if I wanted a bigger profit then it might not be hit within the day.
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jack1111
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October 13, 2016, 07:32:43 PM |
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I earn Bitcoin mainly from my signature, as you see I am senior member in Betcoin.ag campaign, also I have twitter account with more than 2400 followers, sometimes I invest my profits in ICO or I trade with them if I found good opportunity, recently I made reasonable amount of Bitcoin by trading Pesobit.
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Kprawn
Legendary
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Activity: 1904
Merit: 1074
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October 13, 2016, 07:36:07 PM |
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Not everyone can write articles worth something, so they revert back to what they know. Trading in Cryto currency works for some, and the more technical inclined people, would go for the mining and development. The majority use Signature campaigns and faucets to generate some sort of income. You have to remember, everyone are not the same... $10 US, are loads of money for someone that are living in a 3rd world country. Some people look down at these so-called bottom feeders, but I admire them.
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audaciousbeing
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October 13, 2016, 07:43:16 PM |
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My way is probably the simplest anyone can think of in the sense that since I can't code neither can I do graphics nor build website, neither have I mastered trading then I revert to the basic way of earning Bitcoin which include among others as follows:
1. Claiming faucets although annoying and time wasting 2. Signature campaign which I am doing already 3. Claim bounties for campaigns 4. Little gambling because I dont want to lose since its hard to come by bitcoin these days
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HabBear
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October 13, 2016, 07:45:00 PM |
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I'd love to get into mining but I can't forget a way to make it work, to make a profit on it. Maybe you guys have more to invest in it or live in a cooler climate (to save on cooling costs, etc.)
The easiest way, by far, has to be to buy coin with whatever fiat you earn for your regular day work - right?
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