Assuming you already know what Bitcoin is and have a wallet setup, if not please read my introduction article to bitcoin (https://steemit.com/bitcoin/@michael.collett/bitcoin-how-and-why-to-invest). In this article I will show you a few methods you can use today (100% free) to start earning bitcoins. I am also offering a free bitcoin giveaway to help boost your cloud mining account. Spend the time to bookmark these and save them as 'tabs to open' when you launch your internet browser.
Faucets
First you want to setup a 'Coinpot' wallet. Coinpot acts as a 'pool service' for many faucet promos to send free cryptocurrency too. https://coinpot.co/
Go to http://moonbit.co.in/?ref=235674d2b3d6 and sign up with the same email you used for your coinpot account. Click claim, and complete the 'captcha'. You can claim every 5 minutes, or leave it 'build up' and claim at a later time.
Go to http://bonusbitcoin.co/faucet and again, sign up with the same email you used for you coinpot account. Scroll down the page until you see the "I'm not a robot" captcha, tick it and click claim. You can claim every 15 minutes, or claim more less frequently. Ignore the popup adds, it's how the site pays for it's faucet. Note* Don't bother with 'Bitcoin Generators', they all ask for you to send a payment to receive the "generated bitcoins" - it is a scam. This site does pop up bitcoin generator adds, do ignore these.
Lastly, https://freebitco.in/?r=7033445 is a 'Hi-Lo' flipping game that also works as a free weekly lottery and rewards program. There are many crappy strategies on youtube that you can try you hand at losing too. My advice from experience here, don't put any money into it. Just collect the free bitcoins every hour which automatically puts you into the weekly lottery.
Cloud Mining
In short, cloud mining is the ability to buy/rent hashpower for mining bitcoin and altcoins. There is a wealth of options out there, the key is reliability. Essentially mining is not really profitable until you pass the 6-22 month mark depending on who you choose. For that reason there is a risk of investments 'going under' if the mining company shutsdown. Here are two recommendations.
+++++FREE GIVEAWAY+++++
EOBOT - https://www.eobot.com/user/1121663
After registering, click deposit and "generate" a bitcoin address. Upvote and leave a comment with this wallet address and your user ID. You must register via the above referral link. I will send $2 USD to all who sign up, and reply with block transaction link.
Eobot has been running for a while now, the key feature is that anyone can get involved for free. Once you sign up, click the drop down box for Mining, and select 'GHS 4.0'. Then under the 'Products' tab, select 'Faucet' and claim your free hashpower. You can claim free hashpower each day, or alternatively, switch your mining preference to something else, and be paid out respectively.
Once you have received the free bitcoin giveaway in your EOBOT account, you can click "exchange" to transfer it into more mining hashpower. Select BTC from the left dropbox, and 'SHA 256 4.0 5-year rental' from the right dropbox. Click purchase SHA 256 4.0 and you're done :)
The great thing about Eobot is you can essentially "mine" more hashpower, which has a minor accelerating effect on your capacity to mine more.
-----FREE GIVEAWAY-----
Genesis Mining
My second recommendation is https://www.genesis-mining.com/ Genesis mining is your more serious option if you are looking to invest more. Contracts are limited in availability (in high demand), and as of today they have launched a pre-order purchase for open-ended (no term limit) Bitcoin mining contracts, commencing Oct 31. If you would like a 3% discount when ordering, you can use my referral code: OM2rA9
As of today I have pre-ordered a Bitcoin mining contract with Genesis, if you would like to leave your referral code in the comments i'll pick one on my next contract upgrade.
If you would like to donate, details are as follows
Bitcoin: 388eHVMUdDn9EqCnytFdQabwZsW8ybVmdo
Litecoin: MSarwkbtjEScboVDppYhzcgohCUHYDVeNg
Bitcoin Cash: 1MUCiWHfcSzxZ1cxBr88kStPQrEpE4aRks
Ethereum: 0xF4dD42BC37516f729133658726E3034cC4c9B0A8
Dash: XsnuT8rXCz98utSbGBiMqySkR7FsbjX9gw
This is great. Thanks for posting. I signed up using your link. Here is my user ID: 1135417
Here is my wallet address: 12M6KZtd7XL9y2gz1YRofhA9db2Uwgdv63
I also followed you. Thanks again!
Thanks vaughnjb, I have verified your id and sent you $2.00 USD to your EOBOT account. Block: 065bf8c15c4ddd572fcb2df2607975ab96ebc0ae76be1387d43c52d378a84923
https://btc-bitcore3.trezor.io/tx/065bf8c15c4ddd572fcb2df2607975ab96ebc0ae76be1387d43c52d378a84923
Happy Mining :)
I got it. Thank you. You are a man of your word. Greatly appreciated.
You're welcome. If you wish to exchange it into hashpower to mine faster - click exchange, left drop box select btc, right drop box select 'GHS 256 4.0 5 year' then purchase.
My strategy is to first mine an equal amount of everything, then the next day I see what coin has increased the most value and exchange that for hashpower, then I start mining the coin that has dropped the most. Like trading basics - buy low sell high, mine low and rent hashpower high :)
Don't bother with the 24hr rental, you only earn about 80% back on the rental fees. To profit well you should diversify and allow the market to swing your profit margins more.
e.g. this morning 'bitshares (BTS) is down 2.4% in the last hour and 8.7% in the last 24hrs, so I'm mining this now and will exchange pre-mined Lisk (LSK) as it is up 3.6% in the last hour and 9.9% in the last 24hrs.
Wow....thanks for the knowledge.
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STOPGreat post ! I'm using most of the faucets, for multiple currencies, and i do love them. The payout seems like little, but on most sites you can generate lots of bonusses and multipliers. It does add-up in the end, and it is now just a small daily routine i do.
I would advise anyone to give it a try, especially if you are new to crypto.
I found this yesterday - http://youfaned.com/
One site that you can scroll through several faucets with less add interruption.
I tend to save up and send it to my mining account for 24hr hash rental, or put it in some 'HYIP'. Next article I'll do will be on HYIP's (high-yield investment programs).
Thanks for reading :)
No problem, love reading well written content.
Should be an interesting article, i too save it up, maybe your next post can convince me to follow in your path. ;)
I have already signed up but not under you. EOBOT really pays.
Should I send you my Wallet Address for donation :)
E-Beggar :)
If you are already a registered EOBOT user, Resteem this and ill send $1.00 USD to your EOBOT wallet.
Done. Would you kind enough to send me some GOLEM or RIPPLE instead of $1 as I don't have EOBOT Wallet or I don't know where it it
If you cant setup a trezor, id recommend electrum desktop wallet. Alternately you can log into you eobot account and click deposit, then click 'generate address' next to bitcoin.
It does not have USD Deposit address. Give me GOLEM or RIPPLE if you can
rwg2ZmtePJvewUtR8cBqVvvPKnZk5GjDMA
That is my ripple address, if you can be kind enough to transfer :)
You can click 'Generate' next to BTC address. Ripple wallets need to have min 20 ripple in it to withdraw from EOBOT into - as it states when you click withdraw. I ran a check on your wallet - https://ripple.com/build/ripple-info-tool/
Validated came back 'False'.
If you generate a Bitcoin address in EOBOT, I can send to that and you can exchange to ripple if you wish.
Thanks for information regarding generation.
However, I have some ripple which is more than 20 in number :)
Here is my Golem (GNT) wallet address from Poloniex
0x116659666d5a1d6786e6e0a41d703269780812b5
And I am glad that now I know how to check ripple address :)
Thanks for info.
Hey Michael,
I signed up through the link you posted. Thanks, this sounds exciting.
The generated bitcoin address is 3Pcrjh8FVeYXadC4pXMgygEup7ZKH3HS1b
And my user ID is 2218409
Thanks for the post, here is my user ID: 2322835 and my wallet address: 3MZzA4yzzctCgEgoe4S7LZ9K2ToadWzoau. Soon I'll use all your referral link to join the sites.