The profitability and effort put into different ways of earning bitcoin

[NotATether]

I found a chart on the internet made by 99bitcoins that demonstrates how much money you can get from the different methods available to try to get bitcoin. The only one not listed is on-ramping your fiat into bitcoin which of course should be in the top-left quadrant because it is an easy way to get a lot of bitcoin, ignoring the difficulty of obtaining the fiat money in the first place. But I definitely assume you would get it from a 4- or 5- figure salary.

As you can see, signature campaigns will not earn you a lot of money, so for example if you earn $2 a day like cryptotalk pays then you will end up with $60 per month and $720 per year which is easily blown on rent. I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do. And considering how many off-topic posts are removed here, even easier than a sig campaign on this site.

[20kevin20]

I've had times when I've considered sig campaigns as a source of income and that is very wrong. After some time, you start sh*tposting just in order to get the max payout you can get instead of writing real posts.

It's easy to earn off sig campaigns if you don't care about the money and see it just like a reward for posting good stuff. Blogging is a job, sig campaigns are rewards from the community. Had to change my mentality to finally see it this way.

[The Cryptovator]

I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do. And considering how many off-topic posts are removed here, even easier than a sig campaign on this site.

Signature campaign should not consider as a your main earning source. We don't know when a campaign would stop or run and only very limited peoples involved with signature campaign especially btc campaign. I believe most of forum users are not aware about blogging like me. I am not familiar with it and just first time heard its possible earning btc by writing blogs. I know only there is few campaign for blogs but it won't a huge amount like you mentioned on OP.  I think most of forum users connected with gambling & trading although both are high risky but quite easy.

[Ethereums]

sig campaign earns naturally not high as trading but it's just like a chance if we want to take or not. As we try to earn some token which we believe will be good cos we analyst it before we join the campaign. Nowadays not many tokens as good as first ICO and now IEO taking its limelight. Even IEO could go wrong since many exchange appear and labelled as scammer. They just asking fee for listing and when they think its enough, they run with BTC which made many people get wary with IEO righ now.

[NotATether]

Signature campaign should not consider as a your main earning source. We don't know when a campaign would stop or run and only very limited peoples involved with signature campaign especially btc campaign. I believe most of forum users are not aware about blogging like me. I am not familiar with it and just first time heard its possible earning btc by writing blogs. I know only there is few campaign for blogs but it won't a huge amount like you mentioned on OP.  I think most of forum users connected with gambling & trading although both are high risky but quite easy.

My gut feeling to how people would earn money from blogging is that they first grow their audience and then sign up with an ad network like AdSense, which would require that the website in question has somewhere around 5000 interested unique viewers per month. And to get that much viewership, you need to actually be knowledgeable in some profession or skill, not some ordinary person churning out things that you would see in social media posts.

AdSense pays to a bank account in dollars. There are BTC ad networks in the wild but I suspect professional bloggers would make less money using them because of the shady nature of the ads being ran there. MellowAds alone is largely just gambling/investing ads so if your viewers are not interested in gambling or investing then you don't have much of a choice for ad networks. The reason being is that hardly any normal service advertises itself on BTC ad networks due to uninterested viewers so this becomes a chicken-and-egg problem. A professional blogger with nothing to do with investing would never use a BTC ad network if the only ads his viewers would see (who in turn are not investors) are investment ads.


Trading is definitely not an easy thing to do but unfortunately it's being hyped everywhere as a quick way to earn big profits. When most newbies see claims like that they don't have ears for anything else and they try to guess when the daily highs and lows will be which ends up wrecking their balance. I believe part of the responsibility for loss of money like this lies with the people who promote such a method.

To become a proper trader or stock broker as opposed to some script-kiddy wannabe trader, you need to have a business administration, economics or financial university degree, complete an internship, find a sponsor so you can take a licensing exam and pass the licensing exam. How many "cryptocurrency traders" can complete all of that?

[mk4]

I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do. And considering how many off-topic posts are removed here, even easier than a sig campaign on this site.

Unless you're actually really knowledgeable on blogs yourself, you're most definitely underestimating the difficulty of maintaining a blog. Not only that you'd have to be decent at writing, you'd also have to be heavily knowledgeable on the niche you're writing about. Just spamming your blog posts on forums and social media isn't the right way to go if you actually want it to be a sustainable source of income.

And wait, there's more! You'd also need to have decent knowledge on Search Engine Optimization(SEO) for your articles to actually gain traction. A lot of blogs out there don't even reach even 1 organic view(through search engine searches).

Lastly, blogging and affiliate programs can overlap.

[sayaya17]

Signature campaign is indeed a simple and easy way to get bitcoin, although now the signature signature campaign is sometimes not in line with expectations, different from 2017 to early 2018. When there is a signature campaign vacancy, why don't we try it, like the signature campaign I used, it pays well.

[Lakai01]

I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do. And considering how many off-topic posts are removed here, even easier than a sig campaign on this site.

Unless you're actually really knowledgeable on blogs yourself, you're most definitely underestimating the difficulty of maintaining a blog.
-snip-

I second this based on the experiences I ve made with my blog. It is very difficult to gain noticeable attraction from real (there are lots of visitoing bots out there), non-paid viewers and foremost: keep them coming back at a regular basis.

Additionally, you usually have to invest money into marketing if you want to run a blog of a size that is interesting for campaigns to pay you a decent amount of money to write an article about their project. They often have very high requirements like 10k followers or 5k unique views which are definitly not that easy to accomplish. So no, I wouldnt say blogging is "high profability" for the majority of us.

[Tipstar]

Lending/Saving could be a less risky way of earning bitcoins. There are many secured saving accounts like Celsius where you earn bitcoin for storing. Other exchanges like Bittrex and Binance also provides some interest on bitcoin.
P2P lending with collateral would also have a maximum chance of getting back your bitcoin with profit otherwise, you can liquidate the collateral which sometimes would yield more bitcoins than what you owe.

[NotATether]

Unless you're actually really knowledgeable on blogs yourself, you're most definitely underestimating the difficulty of maintaining a blog. Not only that you'd have to be decent at writing, you'd also have to be heavily knowledgeable on the niche you're writing about. Just spamming your blog posts on forums and social media isn't the right way to go if you actually want it to be a sustainable source of income.

And wait, there's more! You'd also need to have decent knowledge on Search Engine Optimization(SEO) for your articles to actually gain traction. A lot of blogs out there don't even reach even 1 organic view(through search engine searches).

Lastly, blogging and affiliate programs can overlap.

Yeah I guess I took the chart too seriously. I actually do have my own blog (about programming) on a website blogging platform and I can testify to how difficult it is to retain viewership. A few weeks ago I had thousands of viewers for one article I wrote, only for most of them to go away when I made more articles. This caused the page to plummet in Google search results.

[Sadlife]

Well signature campaign does pay a low amount, but that depends on the country you're in for example like me who is in a third world country. $60 is equivalent to 2000 here, so living in a third world is actually beneficial and the reason people dont do blogging is because it takes a lot of effort and time.

[Zicadis]

I found a chart on the internet made by 99bitcoins that demonstrates how much money you can get from the different methods available to try to get bitcoin. The only one not listed is on-ramping your fiat into bitcoin which of course should be in the top-left quadrant because it is an easy way to get a lot of bitcoin, ignoring the difficulty of obtaining the fiat money in the first place. But I definitely assume you would get it from a 4- or 5- figure salary.

As you can see, signature campaigns will not earn you a lot of money, so for example if you earn $2 a day like cryptotalk pays then you will end up with $60 per month and $720 per year which is easily blown on rent. I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do. And considering how many off-topic posts are removed here, even easier than a sig campaign on this site.

Can you post a link to the original article? I'd like to read further into it.

For example, I can't see how mining can be considered high effort and high reward. Most small cryptocurrency miners are unprofitable, while setting up the hardware is usually a one and done deal.

If you could PM me when you drop the link I'll merit the post.

[Lucius]

As you can see, signature campaigns will not earn you a lot of money, so for example if you earn $2 a day like xxxxxx pays then you will end up with $60 per month and $720 per year which is easily blown on rent. I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do.

We cannot put all signatures campaign in the same basket, and it is especially silly to mention some that are not in this forum. Good members on this forum can find good sig campaigns that pay a lot more then $2 per day and even $60 per month is more than average salary for the whole month in some countries. To have a successful blog is not something anyone can do, rare are those who manage to combine quality, knowledge and technical skills to profit from it.

I see you posted your blog experience, so don't be surprised that most people always choose the easy way, which is a normal occurrence.

For all signature campaigns visit this link : Overview of Bitcointalk Signature-Ad Campaigns

[DdmrDdmr]

The red High Risk means are set in the mid-to-upper profit quadrants, and although the risk is implicit, the fact is that, on a case by case basis, they could easily turn out to be on the Low Profitability quadrants. I figure the chart should be interpreted as some sort of potential best case scenario, where skills and luck play their role.

Seeing HYIPs (High Yield Investment Programs) there is a bit of a shocker, as they are very often Ponzi schemes where some may profit at the loss of the majority.

The complete base article: https://99bitcoins.com/earn-bitcoins/

Note: funny to see Mickey Mouse (top left quadrant) there as a High Profitability, Low Effort, High Risk triad of means ...

[kaya11]

It's sad to say that even the higher risk with high profitability is not an option for those who do not have money to invest in to, so they would rather do the low risk ones like signature campaign. I guess this is not new and I am one of those people who strive to earn as much as possible without breaking the rules. I could safely say though that we have tried the higher risk but failed and just manage to do the safest method to earn Bitcoin up to this moment.

[buwaytress]

Which year was this made in? It must have during a time when faucet owners weren't banned by Google ads yet, cause there's almost no way you can make money from a faucet site now when ad revenues for crypto is basically nada.

Also, HYIP? It's not just high risk, it's very low profitability (unless they meant actually owning or running them). The only hyip guys making money are the ones earning from referring. You might as well replace HYIP with gambling. But that's not specific to bitcoin at all.

And lending for high profitability? I did earn a bit from loan facilities back when they were in demand at Polo, but even the best DeFi lending platforms today offer interest I'd consider low profitability at disproportionate risk.

[Asmonist]

I admit I devote my time to signature campaigns. Its true to earn a little from it. However, I guess I'm still keep doing it since I have limited time as well. The chart really opens up my mind of the other activities to earn. It just need more time to make things done. And on my part now that I'm also doing my usual job, its really quite impossible to maintain or do the tasks in other activities. Sig campaign for me is a suitable bitcoin earning activity with low risk.

[BrewMaster]

i disagree with most of the things in that chart!
for starters HYIP, gambling and a lot of things that are categorized as "micro earning" such as faucets are not ways to earn bitcoin at all.
HYIP is an obvious scam that you only lose money in so it can't even be in this category.
gambling is also not a way to "earn" money but it is instead a way to "spend" money.

as for effort:
mining doesn't have "high" effort. you just invest and maintain the equipment, there is no much else to do. the equipment (ASIC or gpu rigs for altcoin mining then dumping for bitcoin) does it automatically.

owning a faucet is also definitely not "high" profitable at all. and it is medium effort at best.

[stompix]

The moment you put HYIPs and Gambling on the same risk factor as Lending and Mining is the moment you lose all credibility.

Reading further in the article I'm stumbling across things like this:

Income Low
From my calculations, if you work non stop at clicking buttons you’ll average anywhere between 5-40 cents an hour. Not sure that’s worth your time or even the electricity for running your computer.

That's not low income, it's a loss!!!!

Going down to mining, I find another gem!

The fact is, that today Bitcoin mining has become more of a profession than a hobby. It requires extremely expensive mining equipment, high electricity costs, hardware configuration knowledge and physical space to actually store your miners.

Oh dear, I never thought that bitcoin mining requires HIGH electricity costs!

13. Claiming Bitcoin forks and airdrops
Risk high!

Who wrote this, a 9yo ?

I'm surprised more earners here aren't blogging since that generally has higher rates of return than a sig campaign and is also slightly easier to do.

Yeah, I'm surprised too not everyone has a blog, this way we could all earn...Oh, there is a catch of course!
Otherwise, we would have 5000 NBA leagues and we would be all playing and we would be all earning millions and we could all be both owners, coaches and the entire team.

[hatshepsut93]

The moment you put HYIPs and Gambling

Should have ended here. If a person things that activities with negative expected value can be considered a source of income, their opinion can be safely discarded, as it clearly demonstrates that they have no clue of what they are talking about.

OP's post is a good example for showing that newbies shouldn't trust everything what they read, even if the author sounds like they know things, there's plenty of bad advice around.