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At the time of writing this article, about 16.7 million of these Bitcoins have been successfully mined, leaving more than four million on the desk for Bitcoin miners.One thing you'll need to know about Bitcoin mining prior to getting into it's that the difficulty increases over time. In other words, it is going to take more time and much more computing power to generate each subsequent Bitcoin.

By now, however, the difficulty has gone up so much much more specialized equipment is needed.One way to strategy Bitcoin mining is to do it yourself. To try it, youll need to invest in a Bitcoin miner. Bitcoin miners are external devices that supply the necessary computing power to produce Bitcoin in todays high-difficulty environment.

Little USB miners begin at under $100, while larger, more potent mining devices can run into the tens of thousands of dollars. Even though the initial investment of buying a Bitcoin miner can be pretty big, it allows you to produce your own steady stream of new Bitcoin until the whole 21 million has been reached.If you opt to start mining yourself, be sure to keep the peripheral costs in mind.

In case you have a large miner that produces a substantial amount of warmth, then you can also need to install a cooling system to keep it running properly. Collectively, these costs can eat up much of the profit margin in Bitcoin mining. Luckily, if Bitcoin continues to appreciate in value, these peripheral costs will eventually be compensated for retroactively during that appreciation.If you dont want to go to the initial expense and hassle of setting up your own personal Bitcoin mining operation, you can still get in on the action with what's known as contract mining.

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This contract will last for a certain length of time, and all Bitcoin mined during this time on the equipment youve contracted will be sent to your Bitcoin wallet. Two of the most major contract mining services are Genesis Mining and Hashing24. Contract mining is an easy and passive way that you accumulate Bitcoin, though it will be more expensive over the long run than having your own Bitcoin mining equipment. #2 Complete Micro-tasks for BitcoinThough mining allows you earn Bitcoin quicker than any other method, its high investment threshold means it wont be suitable for everyone.

Micro-tasks are small, simple actions, like viewing an advertisement or engaging with a post on social media. Although the cover is normally very low, micro-tasks are probably the easiest way to get into Bitcoin.One of the best official source places to go to begin with micro-tasks that pay in Bitcoin is CoinWorker, a marketplace that specializes in such tasks.

Though many tasks on CoinWorker pay as little as $0.03-0.05, some do pay over $1.00. Tasks listed on CoinWorker are typically very simple and take only a few minutes to complete.There are also several sites that can pay you small amounts of Bitcoin for viewing ads. As with other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly easy to perform.

Some of the greatest sites that allow users to see advertisements in exchange for Bitcoin include CoinAdder, Ads4BTC and Advercoins. #3 Bitcoin FaucetsBitcoin faucets are somewhat like micro-tasks in the sense that they cover very small amounts of Bitcoin in exchange for a small amount of your time often around 1 Satoshi, and it can be a hundredth of a millionth BTC.

Bitcoin faucets pay amounts which are almost too little for many users to bother with, but theyre a fantastic way to break into the universe of Bitcoin and begin to realize a small amount of cryptocurrency in your digital wallet.  Moon Bitcoin is still one of the most popular of those taps, however there are many others on the market, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne among the most interesting developments in Bitcoin over the past few years has been its emergence as a rather common investment asset.

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As one might imagine, investment is one of the more lucrative ways of making money with Bitcoin.The most fundamental kind of Bitcoin investment is buying and holding Bitcoin until its price goes up enough to turn a profit. Thanks to the high click this link level of price volatility, Bitcoin has produced some incredible gains for investors that pursued this strategy early on.

Obviously, this is an extreme case, but it does demonstrate exactly how profitable Bitcoin investment has been for many traders who have been willing to maintain their investments for long periods of time.One of those problems that has plagued Bitcoin investment in the past is the absence of reliable exchanges.