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At the time of writing this guide, about 16.7 million of these Bitcoins have been successfully mined, leaving more than four million on the table to get Bitcoin miners.One thing you'll need to know about Bitcoin mining prior to 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 technical equipment is needed.One approach to strategy 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.

Little USB miners begin at under $100, while bigger, more potent mining apparatus can run into the tens of thousands of dollars. Although the initial investment of buying a Bitcoin miner can be pretty large, it allows you to produce your own steady stream of new Bitcoin until the full 21 million has been reached.If you decide to begin mining yourself, be sure to keep the peripheral costs in mind.

In case you have a massive miner that produces a substantial amount of heat, you may also need to install a cooling system to keep it running properly. Together, these costs can eat up much of the gain margin in Bitcoin mining. Luckily, if 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 is known as contract mining.

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This contract will last for a certain length of time, and all Bitcoin mined during that time on the equipment youve contracted will be sent to a Bitcoin wallet. Some of the most major contract mining services are Genesis Mining and Hashing24. Contract mining is an easy and passive method for you to accumulate Bitcoin, even though it will 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 acceptable for everyone.

Micro-tasks are modest, simple actions, like viewing an advertisement or engaging with a post on interpersonal media. Though the pay is normally very low, micro-tasks are most likely 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 marketplace that specializes in these tasks.

Though many tasks on CoinWorker pay as little as $0.03-0.05, some do pay over $1.00. Tasks recorded on CoinWorker are typically very easy and require only a couple of minutes to complete.There are also several websites that will pay you small 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.

Some of the greatest sites that allow users to view advertisements in exchange for Bitcoin include CoinAdder, Ads4BTC and Advercoins. #3 Bitcoin FaucetsBitcoin faucets are a bit like micro-tasks in the sense that they pay tiny 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 that are almost too little for many users to bother with, but theyre a good way to break into the universe of Bitcoin and start to see a small amount of cryptocurrency in your pocket.  Moon Bitcoin is still one of the most popular of these taps, however there are many others on the market, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne of the most interesting developments in Bitcoin within the past few years has been its own emergence as a fairly common investment advantage.

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

Obviously, this can be an extreme case, but it does demonstrate just how rewarding Bitcoin basics investment has been for some traders who've been willing to hold their investments for long lengths of time.One of those issues that has plagued Bitcoin investment in the past is the absence of reliable exchanges.