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Author Topic: Confused Newbie  (Read 2916 times)
dlc1962 (OP)
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January 09, 2015, 04:33:05 PM
 #1

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated! Huh
Outlander
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January 09, 2015, 04:40:20 PM
 #2

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated! Huh

You could buy Bitcoin from local exchanger or earn free Bitcoins by completing tasks on websites and faucet.
Or maybe sell something ( stuff or service ) for Bitcoin.

dlc1962 (OP)
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January 09, 2015, 04:43:30 PM
 #3

How do I start making bitcoins with a wallet?
dbshck
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January 09, 2015, 04:44:33 PM
 #4

Your question is similiar to " How do I start making money?"
Bitcoin is a currency, it has a value, you can buy things with it. If you want to earn Bitcoin, work for it, or sell some goods for Bitcoin.

Otherwise, if you want to have them easily, buy it from an exchanger, like https://btc-e.com
Edit: You might wanna read some basic information about Bitcoin first https://en.bitcoin.it/wiki/Main_Page

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79b79aa8d5047da6d3XX
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January 09, 2015, 04:48:48 PM
 #5

It is impossible nowadays for a user without specialized hardware to "make" bitcoins. 5-6 years ago, when the system was getting started, you could run a program on your PC and you would be rewarded BTC for doing so. But it is a feature of the system that, as more people get involved, it becomes progressively more difficult to "make" (mine) BTC. Today it involves setting up farms of dedicated computers with specially designed, single-purpose chips. Unless you are an expert (in which case you would not be asking), doing so is far more expensive and complicated than just exchanging a bit of your national currency for BTC.

And this is as it should be: if anyone could print their own money, the money they printed would not be worth much.

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January 09, 2015, 04:51:29 PM
 #6

How do I start making bitcoins with a wallet?

A wallet is a place to store your BTC, not to "make" it.

Just like in real life, where your leather wallet does not sprout bank notes.

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January 09, 2015, 04:52:41 PM
 #7

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated! Huh

The most commonly asked questions by new users (and old)  Wink

1. Create a Bitcoin wallet
2. Locate your Bitcoin address
3. Buy Bitcoins

or (alternative methods)

1. Doing faucet
2. Completing tasks
3. Earn Bitcoins through interest payments by lending them out
4. Mining
5. Getting tipped
6. Trading
7. Gambling - not recommended for everyone (high risk)
8. Other ways


Wusolini
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January 09, 2015, 04:53:27 PM
 #8

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated! Huh

Welcome aboard. This is one of the most frequently asked question and answers are.

1 - Mining - you have to invest into mining device and the profitability is questionable at the moment. Do some calc before entering.
2 - Income from ad - this is for for webmasters. Some sites are paying bitcoins for banner view etc. (coinurl, bitmedia, coinadvert, bitclix, adbit...)
3 - Signature campaign (rent your signature space) - after some while you will reach member level and you can participate. more info here
4 - Offer your skills - are you coder,designer, writer or can you translate? look around forum "marketplace/services" section
5 - Faucets - easy but very limited income, no special skills required
6 - involve bitcoins in your bussiness (if you are running any)
7 - Giveaways & promoactions - this is most easy, you will get some registration bonus, but usually you have to invest to be able to withdraw.


Hope this helps you a little.

dlc1962 (OP)
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January 09, 2015, 05:00:42 PM
 #9

What is a faucet? I still am confused as to what wallet is and it makes money and does it have to be financed or do I just use my key on these other options?
DeboraMeeks
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January 09, 2015, 05:03:54 PM
 #10

What is a faucet? I still am confused as to what wallet is and it makes money and does it have to be financed or do I just use my key on these other options?

A faucet is a site that provides (often newbies) with small amounts of bitcoin so you can have experience of receiving and 'playing' around with small amounts of btc. Eg: http://freebitco.in

A wallet is where you store your addresses. Sign up for one at https://blockchain.info/wallet (have a strong password and enable 2FA) and you can create addresses. These addresses are where you can ask faucets for example to send you btc. A wallet does not make you money and does not have to be financed.
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January 09, 2015, 05:06:18 PM
 #11

What is a faucet? I still am confused as to what wallet is and it makes money and does it have to be financed or do I just use my key on these other options?

Faucet is general nomenclature for website giving you small amount of bitcoins (satoshis) after solving a captcha. This webs earns money from ad place and part of this income they are giving to their visitors.

Wallet is just place to store your BTC (like regular wallet) and no it does not have to be financed, its free of charge .... Wallet can be empty.
Only if you want to send bicoins you have to pay fee (this is the only cost).

kwaasteniet
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January 09, 2015, 05:08:04 PM
 #12

You can start with Faucets. Here is a list of working faucets with no popups or other annoying stuff.
Aggressor66
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January 09, 2015, 05:10:16 PM
 #13

What is a faucet? I still am confused as to what wallet is and it makes money and does it have to be financed or do I just use my key on these other options?

Maybe this video will help you

https://www.youtube.com/watch?v=ClxTNIQT9Jw
dlc1962 (OP)
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January 09, 2015, 05:11:01 PM
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Site went to error page.
kwaasteniet
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January 09, 2015, 05:14:39 PM
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Site went to error page.

solved, sorry
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January 09, 2015, 05:20:43 PM
 #16

How do I start making bitcoins with a wallet?

you can't with the client, you must have equipment to mine it, like when you dig you need pickaxe

or with cloud, you buy contract and someone mine for you, you can also earn btc by trading, but this is pro area, better to not go there for the moment
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January 09, 2015, 05:33:40 PM
 #17

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated! Huh

You can buy, mining, earning.
You can earn from faucet(although its wasting time), you can earn from giveaway too. Search on games and rounds section.
Or you can earn bitcoin with join sig campaign(its so fun for earn bitcoin, you can earn and learn more about bitcoin)
dlc1962 (OP)
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January 09, 2015, 05:44:12 PM
 #18

Site went to error page.

solved, sorry

Thanks! Got it setup!
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January 09, 2015, 06:08:52 PM
 #19

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated! Huh

The most commonly asked questions by new users (and old)  Wink

1. Create a Bitcoin wallet
2. Locate your Bitcoin address
3. Buy Bitcoins

or (alternative methods)

1. Doing faucet
2. Completing tasks
3. Earn Bitcoins through interest payments by lending them out
4. Mining
5. Getting tipped
6. Trading
7. Gambling - not recommended for everyone (high risk)
8. Other ways




Nice work.. Appreciating

8. Other ways
In other ways try Sig campaign here which is the best thing to earn btc. Secondly do trade of btc with $ and str. Thirdly daily check the forum about giveaway threads.

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January 09, 2015, 06:14:02 PM
 #20

How do I start making bitcoins with a wallet?

Look into safe wallets.  Cold storage or paper wallets.  Shameless plug I am in a signature campaign with a physical wallet you can put your paper wallet in and then store it some place safe.

On your question on getting bitcoins.  You really need to buy or mine.  Those are the two main ways.  Faucets and things like them will take a longtime. Signature campaigns can be fun as well. Quite honestly a good signature campaign will beat your earnings by far of using faucets.
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