RE: How to earn Bitcoins - Part 1 - page 2.

CryptopreneurBrainboss

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Quote from: morggin on January 08, 2019, 11:43:54 PM

What is your opinion?

Should MINING be excluded from the How to earn Bitcoins topic?

Yes it should be Also there are some altcoins I believe are still worth mining like Monero XMR

Quote from: morggin on January 08, 2019, 11:43:54 PM

Are BTC faucets worth the effort any more?

No they aren't, in fact it's a total waste of your time, just as the above user said instead of engaging in such act go get a job that pays in bitcoin or work for blockchain related project that's pays in altcoin which can be traded to bitcoin

Quote from: morggin on January 08, 2019, 11:43:54 PM

Are we truly stuck with just trading or buying to increase our BTC wallet?

No, we aren't just stuck with that, we have other options like investing in ICOs (DYOR) and future STOs

Quote from: morggin on January 08, 2019, 11:43:54 PM

Are the other suggestions for the topic still valid?

Yes they're and it depends on your field of interest, earning bitcoin through gambling still pays and it's advicible to only engage in such if you have the skills.[/list]

morggin

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Quote from: mk4 on January 09, 2019, 12:03:21 AM

If mining bitcoin isn't profitable, then probably only hardcore bitcoin enthusiasts will be mining at a loss. It just hugely depends on the hardware you're using, taxes, and your country's electricity fees.

On earning, I really don't get the need for articles about "earning bitcoin". Bitcoin is money, just like the USD, GDP, etc. If you want to "earn" bitcoin, then get a job, do gigs, or start a business, then demand bitcoin instead of fiat, or use the fiat money you earn to buy bitcoin. That's just pretty much it.

I take it you agree the top pinned article is out of date and needs some rethinking? I definatly agree that it needs to approached the same way you get fiat currency. I'm not so sure I would want my employer to pay me in BTC though due to the US tax implications. With the changes in (US) legislation, it is getting rather complicated.

mk4

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If mining bitcoin isn't profitable, then probably only hardcore bitcoin enthusiasts will be mining at a loss. It just hugely depends on the hardware you're using, taxes, and your country's electricity fees.

On earning, I really don't get the need for articles about "earning bitcoin". Bitcoin is money, just like the USD, GDP, etc. If you want to "earn" bitcoin, then get a job, do gigs, or start a business, then demand bitcoin instead of fiat, or use the fiat money you earn to buy bitcoin. That's just pretty much it.

And no. Faucets are a huge waste of time. A waste of time in terms of income, and at the same time, you don't learn and gain anything from it besides being able to detect street lights and fire hydrants.

morggin

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I think the top subject in the forum needs some adjusting. It's not even profitable anymore to try to MINE bitcoins. And with the 2018 drop in value, it's seems hard to even justify mining altcoins.

The mining difficulty is now astronomical.
The equipment you would need (hundreds or even thousands of ASIC processors for BTC) costs far beyond what you would be able to justify.
The power consumption to run said equipment would cost more than you would be able to get in reward for processing the blockchain.
Even participating in a Pool still would not yield enough coin to justify the above-stated expenses.

What is your opinion?

Should MINING be excluded from the How to earn Bitcoins topic?
Are the other suggestions for the topic still valid?
Are BTC faucets worth the effort any more?
Are we truly stuck with just trading or buying to increase our BTC wallet?

Topic: RE: How to earn Bitcoins - Part 1 - page 2. (Read 492 times)