At the start of 2018, Bitcoin value was up over 1000% on the $1,000 which it had started the year at in 2017. Needless to say, 2018 is subsequently welcoming a brand new generation of digital currency millionaires.
There is just one problem.
While people like John McAfee predict that Bitcoin value will surpass $1 million by the end of 2020, investing now simply isn’t possible for many new to market investors. For the determined entrepreneur, however, there are still ways to earn free Bitcoin online which anybody can take advantage of.
How to Get Free Bitcoins in 2018 & Why Everybody Should Try To
Bitcoin value rises in tandem with growing adoption of the digital currency. Much more importantly, while the Bitcoin value per coin does crash occasionally, it often just as quickly rebounds. This makes Bitcoin itself one of the most promising investments of the current decade.
What are Bitcoin Faucets & How Can You Use Them?
Looking for how to get free Bitcoins? If so, the easiest way is to use a Bitcoin faucet. These are websites which members of the Bitcoin community drip feed (and giveaway) free Bitcoins into, in order to encourage wider adoption of the digital currency.
2018’s Best Bitcoin Faucet
The top 5 best Bitcoin faucet websites to use to get free Bitcoin in 2018 are:
This is because after signing up, all of the aforementioned sites have a long, reputable history, of paying out between 56 – 5,600 Satoshis (increments of Bitcoin) on a regular basis.
How Much Can You Expect to Earn?
The most important thing to remember when signing up to use a Bitcoin faucet is that even the best Bitcoin faucet isn’t going to pay out whole Bitcoins. Realistically, BTC amounts paid are the Bitcoin equivalent of a free cosmetic sample which you might find in a beauty magazine insert.
How to get Free Bitcoins Which Might make You Rich One Day
Looking for how to get free Bitcoins but looking for higher returns than just cents on the dollar? If so, you might want to think about mining Bitcoin. The important thing to remember here, however, is that mining will require significant upfront investment.
Mining Costs Vs The Overall Bitcoin Value & (Potential) Profitability
The only way to mine Bitcoin and other top market cap altcoins in 2018, is to use dedicated ASIC mining hardware.
When bought direct from hardware producers like Bitmain, single ASIC mining units can cost as little as $1,000. Prices on places like eBay and Amazon, however, will often be much higher. Added then, to ASIC hardware costs, miners then need to factor in up to $3,000 per annum running costs in terms of electricity consumption and ISP bandwidth. In fact, after hardware costs, Bitcoin will usually cost $1,000 (approximately) to mine per token.
The Current Bitcoin Value Makes Mining Profitable – But This Could Change
At present, Bitcoin selling for $15,000 – $20,000 per token does make mining profitable. Bitcoin mining, however, isn’t nearly as easy as many people like to imagine.
Every day Bitcoin becomes more difficult to mine. This means that in time ASIC mining hardware will need to be upgraded and added to. Meanwhile, there is always the possibility that Bitcoin itself will crash in value one day. People looking to earn free Bitcoin should, in this case, make sure to sell Bitcoins as they are mined in order to guarantee profits, as well as fully research their own actual operating costs prior to investing.