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I respect it as a first step to get familiar with Bitcoin in general. Also, it is interesting to find out what kind of services are enabled through frictionless money transfers.
Lend directly to someone you know. This allows you to assess personally, if you regard the borrower as
Only need to agree on the terms such as duration and interest rate and away you go. The downside is, however, you probably will not have too many acquaintances who
Peer to peer Bitcoin lending sites with listings from various borrowers are another option. Bitbond
And also you can contribute to your own loan. You can fund small portions of many loans and thereby diversify default risk.
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Bitcoin loans generally work the same way as fiat currency loans. The debtor receives a certain amount of money within a specified time
and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The Website needs to be trustworthy and
The borrower needs to be trustworthy. When the Website assesses the creditworthiness of their applicants
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A Bitcoin banking like version. Here you put your Bitcoins as a deposit using a site that pays you a fixed interest rate on those deposits. As everything
This method has advantages and disadvantages. The fantastic thing is, that you don't need to diversify your Bitcoins over many creditors. You just place your Bitcoins with your
Bitcoin bank and that is it. You earn Bitcoins as a continuous stream of interest income. But be very careful. In the previous instance of peer to peer lending you diversify your
You trust one single debtor which is the bank. If they don't do a good job in managing your Bitcoins, everything
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Can be lost at once. That is because the bank takes you deposits and invests them in assets, the most important assets generally being loans. If they do a Fantastic job You're fine
You hope. Such sites will comply with the usual requirements that you expect from non-Bitcoin related sites as well. That means they've
Appropriate conditions and conditions helpful hints in place, they disclose their status of incorporation and contact particulars. Some websites in the
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When you perfom mining, your own personal computer adds new Bitcoin transactions to the block chain (a people ledger where all
Bitcoin transactions are saved ) and hunts for new cubes. A block is a record which has the most recent Bitcoin transactions
Listed in it. When your computer finds a new block, you get a certain number of Bitcoins. Currently a cube contains BTC 25. This number changes
Since bitcoin mining has come to be a hardware intense and so expensive process, many individual miners join a so called mining pool.
By providing computing power for their own pool you can earn Bitcoins from mining without the need to construct your own huge mining plantation. There are here entire communities around
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Bitcoin mining and besides the fact that you earn Bitcoins it's also fun. You meet new people online and have in-depth knowledge about Bitcoin as a protocol and technology.
If you want to earn Bitcoins through mining, bear in mind it is a costly and time consuming process. Read the respective introductions and
When you earn Bitcoins through tips, it's similar to accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin speech on it and the folks
Who can potentially offer you a tip need to be aware of it. There are various places where you can get Bitcoin tips.
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Again, your shop is the very first thing to start with in case you have one. It is just a bit simpler because since tips are voluntary you don't
Really need to check the incoming payment and the specific amount. Simply show the QR-code and check each day what came in.
With tips, the nice thing is you don't necessarily need to get a store. A site for instance or any other site is sufficient.
You can display the QR-code or just your Bitcoin address in the bottom of your page or where it seems convenient and let people decide how much
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they want to tip you. You can even see how this looks like in the footer of the German blog bitcoins21.
Another very cool way to become tipped online is Bitfortip which was already mentioned previously. This service allows one