Bitcoin has become a popular commodity and is considered the digital gold of the world. With tremendous value and the chance to make riches, Bitcoin has become something everyone wants to have. Ever since Bitcoin emerged on the scene in 2008, acquiring it for the average person was hard to do. Here in 2019, there are many ways to get Bitcoin through a variety of methods. Yes, buying Bitcoin out-right may be an easy method, but there are other ways to acquire Bitcoin that we will breakdown for you in this article.
Below are some of the most popular methods of getting Bitcoin without buying it with cash, a credit card, or a debit card.
Getting Bitcoin With ASIC Mining
The most popular method for acquiring Bitcoin is mining. One company that comes to mind for its leading hardware is Bitmain. The company named Bitmain whose headquarters are based in Beijing, China design is the hardware that uses specialized Application-specific Integrated Circuit (ASIC) chips for bitcoin mining.
With ASIC hardware, mining Bitcoin has gotten a lot easier. The more hardware that you acquire that provides a decent amount of hash-rate, the more of your chances of profiting from Bitcoin. One thing to understand with ASIC mining is that the machines that generate Bitcoin are loud and require maintenance. While keeping your machines in a cool and dust-free environment is one challenge, watching your electric bill is another.
With the correct setup of multiple machines and connecting them to a Mining Pool, you can recover the expense of the machines in a 6 to 8-month time-frame and start to see a profit after. Because the mining difficulty increases every year, you have to consider machines with a higher hash-rate. Below are ASIC machines for you to potentially consider in a mining campaign.
Getting Bitcoin with Your Computer
ASIC hardware is the more powerful and better way of acquiring Bitcoin. Another way to generate Bitcoin is by using the power from your Desktop or Laptop computer. Even though this may sound like the easiest route, you have to keep in mind that the amount of Bitcoin you generate will depend of the speed and capabilities of your CPU/GPU.
To mine using your computer more effectively, you should consider having a PC with an i7 processor and that runs at a speed of at least 3.2 Ghz. Anything less will get you minimum to no profits. If you are looking for a bigger bump in speed, you will need a powerful GPU (graphic card). With the combination of a strong CPU/GPU, mining with your computer should be easier.
Below is a list of Graphic Cards you should consider for mining with your computer. Listed from top to bottom in regards to power.
Now that you have a more than capable graphics card with a decently powerful computer, the following below is a list of programs that will allow you to generate Bitcoin or cryptocurrencies with your computer.
Getting Bitcoin with Cloud Mining
ASIC or hardware mining will always be considered one of the top options when it comes to getting Bitcoin, but that comes with a cost. For those who are looking to mine Bitcoin without the additional costs and maintenance will probably opt for Cloud Mining.
How it works is, a company would create a mining farm that consists of hundreds to thousands of ASIC miners and connect them to an operations board or computers. You the user on the other end will sign-up to their service by purchasing mining contracts that can run up to 2 to 3 years (depending on the company). In each mining contract, you will purchase hash-rate. The more hash-rate you have, the bigger your chances are for a return in profits.
There are a few reputable cloud mining platforms online, but always know that owning your own hardware is the safest route. Some companies can exit with your profits or provide little to no profits. It’s up to you to do your research and know what company to go with. Below are a few cloud mining services to consider.
Getting Bitcoin using Faucets
Another way to acquire Bitcoin without paying for it is by using Bitcoin Faucets. Faucets are reward systems from websites or mobile apps that issue satoshi’s which are hundredth of a millionth BTC (Bitcoin). These faucets allow you to earn Bitcoin by solving captcha forms or completing tasks.
Some Bitcoin Faucets offer a drip every 30 minutes to an hour. If done daily with multiple faucets, you can earn a reasonable amount of satoshi every month. The biggest way to increase your earnings is to get referrals. The more referrals you have, the less work you have to do in acquiring Bitcoin.
Below is a list of popular Bitcoin Faucets you can potentially use in your campaign.
Firefaucet.win – 60 Second Faucet for Bitcoin & Altcoins
Getting Bitcoin through Trading / Exchanges
The other methods listed above breakdown all of the popular ways to acquire Bitcoin. Another popular way to get Bitcoin is by converting it from other cryptocurrencies. You can convert Litecoin, Ethereum, Bitcoin Cash, and more into Bitcoin by using an exchange service. Exchange services are popular because you can convert over 100+ cryptocurrencies into Bitcoin instantly.
Professional traders use trading services to generate a profit on Bitcoin by buying low and selling high between digital coins. Professional traders with experience generate profits similarly to binary trading with fiat currencies. Below are popular crypto exchange services that allow you to swap alt-coins into Bitcoin.
There are many ways to acquire Bitcoin without purchasing it with money such as cash, debit cards, and credit cards. Some services allow you to generate Bitcoin for free while others require you to invest in mining services or hardware which turns your investment into Bitcoin. Generating Bitcoin is very popular at the moment and will continue to be so until the amount of Bitcoin available in the world runs out.
Currently, there are 17 million Bitcoin’s acquired, and the total number of minted is 21. As the supply runs dry, the difficulty will increase. This means this is the perfect time to start growing your digital portfolio. Bitcoin is here to stay.