The profitability and effort put into different ways of earning bitcoin

[Darker45]

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.

On the contrary, it is easy to notice that almost every account on this forum is wearing a signature and those signatures are mostly paid.

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.

Blog campaigns have been here since forever, although they are more focused on altcoin campaigns. I cannot remember a particular project which pays in Bitcoin for blog contents. But on altcoin projects, almost every single bounty includes blog campaign. If I am not mistaken, the reward that goes out to blog participants is oftentimes bigger because only few of them are sharing it unlike in signature and social media campaigns.

I think most of forum users connected with gambling & trading although both are high risky but quite easy.

Most of the forum users are most probably connected with altcoin campaigns. This is because there are much more available slots there as compared to BTC-paying campaigns which are mostly requiring gambling posts. Gambling is easy but winning is hard. Trading is definitely not easy.

[1715073525]

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[1715073525]

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[Mike Mayor]

I like and have respect for 99bitcoins as they have been around for a long time and have a very helpful page. however that entire graph is bullshit. Gambling is not a form of income and never will be. Gambling is a game in which you lose the house edge on every single bet. HYIP High profitability? Umm no... Besides the fact it is immoral and stupid, you will lose your money.

You can't actually say what is more profitable since people are different. A blog might be good for one person but not for another. What a stupid chart.

You say blogging can make more than signature so quickly? So you just open a blog and the money magically comes in does it? Ok then tell use how to make a magical blog that makes profit from day one?

[kryptqnick]

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.

That's an informative chart, thank you! I think it is more or less correct, but perhaps the gradation between the activities could be improved. For instance, while some people might gamble with low effort, others might spend lots of time practicing, watching poker tournaments or reading about football teams (if you think betting on sports is also gambling). And the profitability is potentially high but it can also be very low or even negative if a person keeps losing money (I guess the 'high risk' thing covers that, though). As for blogging, I don't think it's easy to find someone willing to pay for average blogs, whereas new signature campaigns with different rates and standards come and go all the time, so this might be why many people stick to them. What kind of blogging with high rates do you mean? Could you give specific examples of a platform that stimulates it or of companies that look for people like that? I know a guy who might be very interested, but neither he nor I know of such things, to be honest.

[The Sceptical Chymist]

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.

I think most sig campaigners don't really have a lot to say about crypto, and I'm not sure how profitable blogging would be for the average person just trying to earn crypto--especially if they don't have any writing talent, which also seems to be the case with sig campaigners.  Just take a look at what those idiots are writing over at cryptotalk.org.  It's all spam and plagiarism, and that's why so many of them get booted from campaigns on this forum.

This is an interesting infographic, OP.  But HYIPs are shown as being highly profitable, and I'm not sure that's the case.  My impression has always been that those are Ponzi schemes in which most participants lose all their money.  I also think that term "HYIP" is only used on bitcointalk, because I've never seen it used elsewhere.

[barbara44]

Blogging is a good source of income in cryptocurrency, but most people are not interested in it because it’s not easy.
You can already see it at the upper right quadrant, signifying there’s need to put in higher effort than you will do in signature campaigns.

You will have to worry about writing good articles and after that you are left with worrying about getting audience, and not just audience but the ones that will come to stay. It’s not an easy thing to do, so that’s why people are not interested in it. Most big blogs don’t write contents for themselves, they pay writers to do it for them. As a start-up you might not be able to afford paying writers to write for you since you’re not even gaining anything yet.

[Zicadis]

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 ...

Thanks for finding the source, upon reading the article I find that the author is just throwing together whatever he can.

He hasn't actually done in-depth research into how each industry works, and hence can't accurately gauge the effort and probability scales.

[sheenshane]

It's really a simple one. The signature campaign is not for primary income. It's just an additional income so that when you post good stuff, you will be paid even if what you did was just to post something you are really interested in. Faucets and minings should not be in the list of the high risk and high profitability part, as well. Because honestly, minings and faucets don't really give great profitability compared back then when there's bull run. It seems like the chart is outdated.

I would rather join a signature campaign and do blogs than mining. The highest profitability you can get in cryptocurrency is in Trading, Business, and Gambling. But if you really wanted to earn big income in cryptocurrency, try to learn and master taxation. And Big shark bitcoin holders will find you.

[sheenshane]

snip-

For now, my signature campaign is only the main income (for payments using Bitcoin), because doing this is a sure thing to produce. Compared to having to do the Faucet or create a blog.

Signature campaign earning probably can't sustain your daily needs, I will advise to have a decent job and let the signature campaign be your extra earning while having a job. (Unless, if you do an account farm, but this is not advisable) All I mentioned above is not worth it to have a profit if you have a family to feed. Aside from that, cryptocurrency is very volatile and very risky if you are short term holder. So, it has made a sense to find a job first and then invest bitcoin when you have your salary.

[FlightyPouch]

Well, blogging is not that easy. I did try making a blog and I can't create one that easily. I know it is more profitable than sig. camps but not all of us here can create an interesting and good blog or even an article. Though if I will be given a chance to be paid to make one, I would try again, we don't know it might work.

[NotATether]

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.

You have a point   I was thinking that since information and tutorials about different areas of knowledge like technology and engineering is so readily available on the internet, most of the people spamming nonsense here could use their heads, stop what they're doing, actually learn the above things, and assuming they are willing to share it with others, make a blog about teaching what they've learned and do their best to keep the traffic and as a consequence revenue up.

Or failing that, they at least have enough skills to get a $5K/year remote work job considering that online courses go for $200 and they can at least claim they took that on their resume. Which is worth way more than ad revenue you would get from a blog.

What kind of blogging with high rates do you mean? Could you give specific examples of a platform that stimulates it or of companies that look for people like that? I know a guy who might be very interested, but neither he nor I know of such things, to be honest.

I'm guessing that professional bloggers make their money almost entirely from ad revenue (explains the Block-AdBlock notices everywhere). I myself don't make any money from my blogging cause my platform doesn't support it.

This is an interesting infographic, OP.  But HYIPs are shown as being highly profitable, and I'm not sure that's the case.  My impression has always been that those are Ponzi schemes in which most participants lose all their money.  I also think that term "HYIP" is only used on bitcointalk, because I've never seen it used elsewhere.

Thank you. I strongly disagree with the author of the website link about HYIPs being profitable because from my gut feeling, you have a greater chance of winning the lottery than making money off of a HYIP aka usually ponzi schemes because why would they want to give you back a huge amount of money that you sent? And if they are legit, they may have less funds than the amount you send in. At least lotteries don't try to cheat you from your prize.

Thanks for finding the source, upon reading the article I find that the author is just throwing together whatever he can.

He hasn't actually done in-depth research into how each industry works, and hence can't accurately gauge the effort and probability scales.

Already sent you a PM to the source because I didn't read this reply first (I saw DmdrDmdr's). Excuse the noise.

EDIT: Forgot to write this earlier, but it's sad that an early adopter of bitcoin is the one who wrote this article, if joining in 2013 can be called early. He is misinforming bitcoin newbies with his article.

[Latviand]

It's really a simple one. The signature campaign is not for primary income. It's just an additional income so that when you post good stuff, you will be paid even if what you did was just to post something you are really interested in. Faucets and minings should not be in the list of the high risk and high profitability part, as well. Because honestly, minings and faucets don't really give great profitability compared back then when there's bull run. It seems like the chart is outdated.

I would rather join a signature campaign and do blogs than mining. The highest profitability you can get in cryptocurrency is in Trading, Business, and Gambling. But if you really wanted to earn big income in cryptocurrency, try to learn and master taxation. And Big shark bitcoin holders will find you.

For now, my signature campaign is only the main income (for payments using Bitcoin), because doing this is a sure thing to produce. Compared to having to do the Faucet or create a blog.

I would also suggest trading your altcoin holdings(if there are any) because it would give you additional income. Signature campaign is the most common way to earn profit in this industry without the need to invest. But it is now hard to join such campaigns because of the requirements with regards to merit and such. Also, the rank in this forum limits the participants to do so, a bit unfair to those who has low forum ranks. Gambling is also another way but do take note of the risk.

[malekbaba]

If you are good at anything, serve well and get payment in Bitcoin/other alts. If you are a writer, write blogs/articles about any specific coin and sale it, get reward for your effort from the project owner. Or anyone can start business and use crypto as main currency. like any e-store that sales products. Buyers will have to use crypto in order to buy from the site. This is not out of risk though as btc price fluctuates a lot. Signature campaign was a good source of income once, not anymore. Good projects are scanty and merit system in the forum makes it nearly impossible for the new member to earn from it. We , the old guys here, are lucky enough.
And Trading is always risky but sometimes it brings big profit. I prefer alt coin signature bounty. Not always rewarding but sometimes I get huge reward from it.

[passwordnow]

Blogging is on the high profitability corner because it's for real but it's not that you can easily make money through making 1, 2 or 3 blogs. It takes time for your blog to be monetized unless you are writing for companies and you've been tied up with them with a certain contract for which you need to provide blogs or articles to them in scheduled manner. But making your own brand alone, this is going to be a difficult beginning although mostly it's really the hardest part of everything.

[LogitechMouse]

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.

I can share my little experience regarding signature campaigns.

I know that some here are saying that "Signature campaign must not be considered as a main source of income". To be honest I tried to experiment myself for a year. I didn't work for a year and I'm in my home only playing games and browsing the forum. Yes I'm not that techy compare to other people here but at that time, signature campaign is my main source of income. Did I survived? Yes and I also bought my own desktop last year too and I gave some money to my family. My earnings in my current signature campaign covered up all of my expenses (since I'm not that extravagant at all).

Or just I'm lucky compare to other people here who are joining signature campaigns (Bitcoin-paid) because I have been accepted to a signature campaign who has a high rates and running for a long time already. Yes you can consider that since I have a bit of luck at the time when I applied for them but the bottom line here is "You can consider signature campaign as a main source of income". It is just a matter of:
-does your monthly earnings in the campaign can cover all of your expenses in one month.
-do you have luck (kidding).

P.S. Right now, I have a work IRL while browsing here. New year = new life is my motto right now so I need to add additional sources of income .

[NotATether]

I would also suggest trading your altcoin holdings(if there are any) because it would give you additional income. Signature campaign is the most common way to earn profit in this industry without the need to invest. But it is now hard to join such campaigns because of the requirements with regards to merit and such. Also, the rank in this forum limits the participants to do so, a bit unfair to those who has low forum ranks. Gambling is also another way but do take note of the risk.

I wouldn't live off of earnings I get from signature campaigns even if I held a Legendary account. The truth is that fast food workers and cashiers make more money per day on average than the highest paying signature campaigns here. Yes there are some campaigns that do pay more than $8 per hour which assuming 8 hour workdays becomes $64 per day, but do you see Legendary accounts spamming posts here?

I am biased to dealing with dollars when talking about any conversion between bitcoin and fiat money because I wound never withdraw to a foreign currency, and the person above me did manage to make a living off of signature campaigns, but when you consider that millions of people stuck with these jobs need lots of insurance and federal programs just to cover basic outstanding expenses, the things you can spend with your sig campaign money become limited.

[davinchi]

Blogging is on the high profitability corner because it's for real but it's not that you can easily make money through making 1, 2 or 3 blogs. It takes time for your blog to be monetized unless you are writing for companies and you've been tied up with them with a certain contract for which you need to provide blogs or articles to them in scheduled manner. But making your own brand alone, this is going to be a difficult beginning although mostly it's really the hardest part of everything.

Starting and launching our own blog isn't that challenging job as we can even find some blogs domains which we could acquire for free. We need to have immense knowledge about the articles we would be publishing on our blog as it needs to be attractive and should be something which matches the trend.

People should find benefits by going through your blog and once you succeed, you can have good benefits just by displaying ads onto your blogging platforms. Also you can get paid for publishing few articles onto your blog if you collaborate with any of the emerging industry. You can really earn a passive and active source of income from blogging.

[pixie85]

You're not taking an important factor into account which is the investment.
A signature campaign doesn't need any investment to begin! This means that it may earn you much more than trading if you're only trading with something like $500. Also it doesn't put your money at risk at all it's always pure profit. You're wrong in so many things in this diagram. HYIP is not high risk. Scams don't count!

[gundala]

This view is very objective, and depends on the opinion of each person who has a different passion. It's just that, in general from the quadrant we can draw one big conclusion: high profitability is always accompanied by high risk and high effort. Everyone also has their own tendencies, there are those who are interested and very good at trading, so that makes it the main way, there are those who like to write and master all the techniques needed to support their writing to produce results, some are more interested in signature campaigns for the reason each. Each of these options also has their own size, it can't be said the signature is more profitable, or trading is more profitable, etc ... this really really depends on the circumstances of each.

[wxxyrqa]

You're not taking an important factor into account which is the investment.
A signature campaign doesn't need any investment to begin! This means that it may earn you much more than trading if you're only trading with something like $500. Also it doesn't put your money at risk at all it's always pure profit. You're wrong in so many things in this diagram. HYIP is not high risk. Scams don't count!

I believe that each participant in a company’s signature invests their time and labor, even if this is not the equivalent of money, then it still has a certain value.  And if you consider that most of the projects in recent years do not show good results, not to mention of course fraud, then this activity for the user brings minimal income.

[FanatMonet]

Subscription campaigns are the tidbit of this cryptocake, but it’s not clear where you got the amount of $ 2 / day? It’s clear that the signature campaigns pays in different ways, from rank and other factors, but I think the amount of $ 2 is underestimated, in most campaigns it's $ 3-4.
For example, in mine, this figure now is $ 13 / day.
But it's very good campaing.