How To Multiply Your Bitcoins?

It’s very common for people who are just starting out with bitcoin to ask themselves how they can multiply it. There are a few ways to do so. Although there are some traditional methods you can use, some of them may be less efficient than others. We will, however, discuss both the traditional ones and the modern ones.

1. Mining

Probably you already know that if you are mining bitcoins you will get a bitcoin reward. This was a very helpful tool for building the entire system and was one of the best ways to get bitcoins. However, as more users join the mining pools, the complexity of the task grows and it’s slowly making mining obsolete. People are turning away from mining because it requires massive data centers, expensive computers, and special hardware.

2. Faucets

You can find websites that will give you a small amount of bitcoin if you do some simple tasks for them such as clicking a link, liking a page or solving a Captcha. This method is very time-consuming so it’s best if you like this method to use special website rotators that will automatically navigate you from one site to another.
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3. Try Working For It

Now you can find many jobs that are paid in Bitcoin. Just search the internet. Chances are you are more likely to find a decent job and get paid in blockchain if you have any kind of an IT certificate. You will probably be freelancing but there are some companies that offer permanent positions.

4. Sell

Imagine having a garage sale and you give an option to customers to pay you with bitcoin. Give a QR code of your wallet address and that’s it. If you sell online, there are even more solutions. If you own a café or a bar, give an option for people to tip in bitcoins with printed QR-code vouchers. Of course, before doing this, check the legal aspects and the possible taxations.