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At the time of writing this article, about 16.7 million of those 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 before getting into it is that the difficulty increases over time. In other words, it will take more time and more computing power to generate each subsequent Bitcoin.

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

Small 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 large, it lets you produce your own steady flow of new Bitcoin until the full 21 million has been reached.If you opt to start mining your self, be sure to keep the peripheral prices in mind.

If you've got a large miner that produces a substantial amount of warmth, then you may also need to install a cooling system to keep it running properly. Collectively, these costs can eat up a lot of the gain margin in Bitcoin mining. Luckily, when Bitcoin continues to appreciate in value, these peripheral costs will eventually be compensated for retroactively through 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 a Bitcoin wallet. Some of the very major contract mining solutions are Genesis Mining and Hashing24. Contract mining is an easy and passive way for you to collect Bitcoin, even though it is going to cost more over the long run than having your own Bitcoin mining equipment. #2 Complete Micro-tasks for BitcoinThough mining allows you earn Bitcoin faster 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. top article Although the cover is usually very low, micro-tasks are probably the easiest way to get into Bitcoin.One of the best places to go to begin using micro-tasks that pay in Bitcoin is CoinWorker, a market that specializes in these tasks.

Though many jobs on CoinWorker pay as little as $0.03-0.05, some do cover over $1.00. Tasks listed on CoinWorker are normally quite easy and take only a couple of minutes to complete.There are also several sites that will pay you little amounts of Bitcoin for viewing ads. As with other micro-tasks, these actions pay very tiny amounts of Bitcoin, but are incredibly easy to carry out.

A number of the greatest sites that enable users to see ads in exchange for Bitcoin include CoinAdder, Ads4BTC and Advercoins. #3 Bitcoin FaucetsBitcoin faucets are a bit like micro-tasks in the sense that they cover tiny amounts of Bitcoin in exchange for a small amount of your time often around 1 Satoshi, and it is 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 start to realize a small amount of cryptocurrency in your digital wallet.  Moon Bitcoin is still one of the most popular of these taps, however there are many others out there, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne of the most interesting developments in Bitcoin over the last couple of years has been its own emergence as a rather common investment asset.

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

Of course, this is an extreme case, but it will demonstrate just how rewarding Bitcoin investment has been for many traders who have been willing to maintain their investments for long lengths of time.One of the problems that has plagued Bitcoin investment in the past is the lack of reputable exchanges.