Earning bitcoins in 2022 has become much more difficult than 1-2 years ago. At that time, Bitcoin and cryptocurrencies in general were just beginning their ascent; it was possible for anyone to earn the average salary of an office worker, even on a home PC.
Now, with the advent of great competition and specialized equipment (ASIC miners), we have to come up with new ways to earn cryptocurrency, since buying your own equipment no longer brings that income? which was in 2017.
We will look at all the current ways to receive bitcoins in 2022 in this material. The most effective and profitable of them require investment, but there are options where you can get bitcoins, or rather several satoshis, without investing your own funds (in this case, you invert your time), although it’s worth noting right away that you won’t be able to earn anything significant without investments.
Cloud mining - earning bitcoins automatically
The best option for earning bitcoins in 2021 is cloud mining. It allows you to use the rented capacity of data centers. You don’t need to take such equipment to your home; it is already installed somewhere. The cryptocurrency miner simply pays to rent the program for a certain period, usually the contract duration is 1-3 years.
The essence of cloud mining is that you don’t have to spend money on a computer, video card, and so on. You are offered to rent computing power on remote servers. The purchase of capacity occurs in hashes. The computer unit increment system is identical to bytes.
The cloud service for mining bitcoins and other digital coins acts as a simple industrial data center focused on the mining of cryptocurrency, including Bitcoin (BTC). The attractiveness of this method is that the miner does not need to buy the necessary equipment and monitor it.
The essence of working with a cloud service is extremely simple; for cloud mining you need:
- select a site for a cloud service (we choose IQ Mining);
- register on it;
- deposit funds into your personal account;
- choose a tariff and mined cryptocurrency (contract for 1-3 years);
- receive income semi-automatically or automatically.
Reviews of the three most reliable cloud mining services for 2021:
- IQMining,
- HashFlare
- Genesis Mining.
A detailed overview of all leading cloud mining services is available here. The main advice is to choose only trusted sites and do not fall for the promises of scammers promising 1000-2000% per annum, this is an obvious deception. The editors of Mining-Cryptocurrency use IQ Mining as the most reliable and profitable service in this niche at the beginning of 2022.
Cryptocurrency for training
There are currently 3 cryptocurrency education platforms that pay you for your education in the cryptocurrency you are learning. Okex and Coinmarketcap joined Coinbase's first educational program.
You need to watch a video on each cryptocurrency and answer a few questions to prove that you actually watched and listened. The video is of course in English.
Coinbase. Not available to residents of the CIS, but you can take classes and get on the waiting list. Verification required.
Coinmarketcap. To receive cryptocurrency, you will need a Binance account. This program is not available for residents of Belarus.
Okex. Every day there are 5 questions available, for each correct answer you get 80 satoshi. You must go through verification and confirm your phone number.
Naturally, all the answers are available on the Internet.
Mining on your own equipment (farms or ASICs)
Mining is the extraction of currency using a video card, one of the first ways to earn cryptocurrency. It has its drawbacks, although it is considered the most reliable and profitable.
About two years ago, you could earn money thanks to a video card, which did not require any expenses. The whole point was that the currency “hunter” built gold mines in a game form, extracted gold and exchanged it for real money.
Now, in order to earn money, you need to create or buy a special computer configuration with an expensive video card. Not only will the configuration cost a lot of money, but you will also have to pay twice as much for electricity. That is why mining, as an unprofitable method, goes down a step from the top every month.
Advantages of mining on your own computer | Disadvantages of mining on your own computer |
|
|
We suggest you consider the offer of classic mining only if you have the opportunity to pay half the cost of electricity or not pay for it at all. Or if you have the opportunity to purchase equipment from China at wholesale prices (it is also important to take into account warranty service here).
What is a Bitcoin faucet?
You can earn Bitcoin cryptocurrency using a Bitcoin faucet. This is a site that provides the opportunity to periodically receive payments in Satoshi by completing simple tasks.
Most often, faucets are created specifically for Bitcoin, since cryptocurrency news is mainly devoted to it, as the leading digital asset of the crypto-economy. As you know, the Bitcoin exchange rate is now tens of times higher than other coins, so users are trying to earn it and then withdraw their wallets to Bitcoin.
Trading on cryptocurrency exchanges and purchasing from exchangers
Cryptocurrency is traded on specialized exchanges, just like on regular dollar and ruble exchanges. Those who purchased a decent amount of bitcoins 2-3 years ago are now millionaires. But this does not mean that the rise will continue.
But to make money from fluctuations in the exchange rate of cryptocurrencies relative to each other, you need a lot of knowledge and constant immersion in the life of the market and monitoring news. One thing is certain: trading on Forex or special Bitcoin exchanges without initial preparation is extremely risky.
Therefore, if you just want to buy cryptocurrencies for a long time, it is much easier and more convenient to use exchangers. If you choose reliable and verified exchangers, then the likelihood of fraud is reduced to zero because thousands of transactions go through them every day, and if someone is deceived, this will almost instantly become known in the rating of cryptocurrency exchangers and they will be excluded from the list of verified ones.
We have selected the most reliable cryptocurrency exchangers with a brief description of their features and nuances of operation; to familiarize yourself, follow the link.
Here we provide only the most current information on options for depositing funds for conversion to Bitcoin and other cryptocurrencies:
- Qiwi;
- Sberbank;
- Visa and MasterCard cards;
- Perfect Money;
- Yandex money;
- PayPal;
- Webmoney;
- and more than 10 options.
Let us only note that if you want to invest in some little-known cryptocurrency not from the top 10, you will still have to use cryptocurrency exchanges because exchangers support only the most popular coins, such as:
- Bitcoin;
- Ethereum;
- Litecoin;
- Zcash;
- Dash;
- Monero;
- Ripple.
Internet
Publish0x
Publish0x is a content publishing platform (blog platform) that rewards cryptocurrency not only to content authors, but also to readers. That is, by taking a couple of minutes to read the article, you will receive some cryptocurrency (BAT, ETH, AMPL). Every 10 minutes you can request a “tip” for different authors and once a day for a specific author.
Presearch
Presearch is an open, decentralized search engine that rewards community members with Presearch tokens for their use, contributions, and promotion of the platform. Essentially it’s like Google or Yandex, only for each search query you receive cryptocurrency, which can then be exchanged for Bitcoin. In addition, there is no intrusive advertising or user tracking.
Blogs
If you know how to write interesting articles and texts, you can post them on blogging platforms where authors are rewarded for good content.
- Steemit
- Hive
- Read.Cash
Where is the best place to buy Bitcoin? TOP 5 crypto exchanges
For a safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds in rubles, hryvnias, dollars and euros .
The reliability of the site is primarily determined by the trading volume and the number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from Visa/MasterCard and payment systems QIWI, Advcash, Payeer .
Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
# | Exchange: | Website: | Grade: |
1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
2 | Bybit | https://bybit.com | 7.5 |
3 | OKEx | https://okex.com | 7.1 |
4 | Exmo | https://exmo.me | 6.9 |
5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is given in our rating of crypto exchanges:
- Reliability of operation
- stable access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the period of operation on the market and daily trading volume. - Commissions – the amount of commission for trading operations within the platform and withdrawal of assets.
- Reviews and support – we analyze user reviews and the quality of technical support.
- Interface convenience – we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Features of the platform are the presence of additional features - futures, options, staking, etc.
- The final score is the average number of points for all indicators, determines the place in the ranking.
Useful tips
Knowing how to earn Bitcoin on an Android or iOS phone, you can test your strength in one of the presented options. But you need to take into account that without investments you can’t count on a solid income. At best, you can earn no more than 5-10 dollars within a month, which is unlikely to suit users with ambitions.
To increase your income, you can use several applications or understand the work of cryptocurrency exchanges, where you cannot do without an initial investment. To receive additional profit in the future, it is important to monitor news about cryptocurrency, and periodically find out where else you can earn income. It is also worth participating in affiliate programs and looking for new ways to invest.
How to earn Bitcoin from scratch, without deep knowledge about cryptocurrency?
With the growth of the exchange rate and popularity in 2022, many are asking how to earn Bitcoin cryptocurrency from scratch, what is worth paying attention to and whether it is worth spending time on it, what is better to start trading or what to invest in.
If you do not know what cryptocurrency is, what Bitcoin and Ethereum are, then you need to read these publications on our website for a better understanding of the market and blockchain technology.
The best options with a minimum entry threshold for beginners and people with zero knowledge of crypto will be:
- cloud mining (power rental) - here you only need to buy a contract in your personal account and make a profit, you pay for the power and receive income from the cryptocurrency mined with its help. For the user, it all comes down to paying the bill and monitoring the income received in your personal account.
- cryptocurrency trading - buying and selling cryptocurrency on specialized crypto exchanges (reviews of exchanges are on the website in the top menu) or through brokers.
Let's consider trading cryptocurrency pairs. At the moment, some Forex brokers offer investing or trading in cryptocurrency, this is good for us as clients. A high-quality and time-tested broker will work according to all market rules and will not be able to manipulate your funds.
Brokerage companies offer a number of unique opportunities, such as trading on the Forex market, investing in PAMM accounts, there is the opportunity to copy transactions from successful traders and receive constant profits. In a nutshell, the broker invites you and me to trade cryptocurrency and invest in a cryptocurrency portfolio selected on the basis of reliable signals. Although reliability for cryptocurrencies is a very relative concept, due to the fact that the market is still very young and there is not enough history for fundamental analysis.
Comparison of cryptocurrency trading and classic mining
Separately, we need to discuss the advantages of cryptocurrency trading in relation to mining. Let us immediately note that we are talking specifically about classic mining on your own equipment. Regarding cloud mining, the situation is completely different; we recommend investing in cloud services (the most reliable IQ Miming) at the moment, but only in proven ones with real confirmed hashrate power and resources. But mining on your own equipment is no longer as interesting as before, now we will try to explain why.
Initially, those who were optimistic about the prospects for Bitcoin began by purchasing powerful computers and setting them up to mine digital coins, but at the moment it is obvious that trading cryptocurrencies is more convenient and often more profitable than mining them on your own equipment. At a minimum, because when the Bitcoin exchange rate decreases, mining becomes less profitable, but trading does not, since at any time you can open a sell transaction and receive income from the decrease in exchange rate.
In addition, there will be no need to constantly monitor the performance and settings of the mining farm, as well as maintain the level of energy consumption and cooling of the room. But as you understand, in order to trade you need starting capital, and you can start mining with 1-2 powerful cards, if you already have them, the income will of course be small and you will not be able to mine Bitcoin, since this requires specialized ASIC equipment, which is very expensive. You can mine another currency and sell it on an exchange or simply exchange it in a cryptocurrency exchanger (list of reliable exchangers on our website).
But if your level of technical knowledge allows, then mining on your own equipment can be extremely profitable. However, it now has practically no advantages over cloud mining, and the process itself is much more time-consuming.
The most reliable crypto pairs for trading in 2022
In 2022, we can expect growth and renewal of the previous maximum value of Bitcoin, but only if it consolidates above the technically important level of $6,000. The price of Bitcoin is also positively affected by the news that the largest online retailer Amazon may soon begin accepting cryptocurrencies as payment.
China's policy of encroaching on this area is fading away or being compensated by other countries. For example, Japan will open the first official cryptocurrency exchanges for its citizens soon, and a number of countries are preparing the legislative framework for conducting ICOs.
Among other cryptocurrencies, it is worth paying attention to Ripple, which may well increase in price and cost much more than the current 25 cents, as well as Monero, which soared from $50 to $150 a few weeks ago and is preparing to repeat this surge. I also recommend paying attention to:
- EOS,
- NEO - a lot depends on Chinese legislation in the coming months,
- Ethereum - 90% of all ICOs are carried out on ETH with the ERC20 standard,
- Ripple,
- Dash,
- Monero,
- Ethereum Classic,
- Litecoin
- Zcash.
How to withdraw/exchange bitcoins - 3 easy ways
And here are actually 3 ways to withdraw/exchange bitcoins!