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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 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 is going to take more time and more computing power to generate each subsequent Bitcoin.

By now, but the difficulty has gone up so much that much more specialized equipment is needed.One approach to approach Bitcoin mining would be 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 produce Bitcoin in todays high-difficulty environment.

Small USB miners begin at under $100, while larger, more powerful 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 create your own steady flow of new Bitcoin until the whole 21 million has been reached.If you opt to begin mining yourself, make sure you keep the peripheral prices in mind.

If you have a massive miner that produces a substantial amount of heat, you can also need to install a cooling system to keep it running correctly. Collectively, these costs can eat up much of the gain margin in Bitcoin mining. Fortunately, 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 period of time, and all Bitcoin mined during this time on the equipment youve contracted will be sent to a Bitcoin wallet. Two of the most major contract mining solutions are Genesis Mining and Hashing24. Contract mining is an easy and passive way that you collect 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 lets you earn Bitcoin faster than any other method, its high investment threshold means it wont be suitable for everyone.

Micro-tasks are modest, simple actions, like viewing an advertisement or engaging with a post on interpersonal networking. Though the cover is usually very low, micro-tasks are probably the simplest way to get into Bitcoin.One of the best places to go to begin using micro-tasks that cover 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 cover over $1.00. Tasks listed on CoinWorker are typically very easy and require only a few minutes to complete.There are also several sites that can pay you little amounts of Bitcoin for viewing advertisements. As with other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly easy to carry out.

A number of the best sites that enable users to see 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 cover tiny amounts of Bitcoin in exchange for a small amount of your time often around 1 Satoshi, which is a hundredth of a millionth BTC.

Bitcoin faucets pay amounts that are almost too small for many users to bother with, but theyre a good way to break into the world of Bitcoin and begin to realize a little amount of cryptocurrency in your pocket.  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 advice Bitcoin within the last few years has been its own emergence as a rather common investment asset.

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As one might imagine, investment is one of the more rewarding methods 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 level of price volatility, Bitcoin has generated some incredible gains for investors that pursued this strategy early on.

Obviously, this is an extreme example, but it does demonstrate exactly how rewarding Bitcoin investment has been for many traders who've been willing to hold their investments for long periods of time.One of those issues that has plagued Bitcoin investment in the past is the absence of reliable exchanges.