Making Money with Bitcoin (Part IV)

Write about Bitcoin / Crypto

  • Effort – Medium
  • Income – Medium
  • Risk – Low

If you’re into crypto and have a way with words you might want to think about becoming an article writer or crypto journalist. As the crypto industry grows, more and more information and news websites are being created. In many instances, these sites are in dire need for writers as they are creating dozens of articles every week.

Since good writers are hard to find, if you can submit quality work you might be able to get a nice revenue stream by writing about Bitcoin and cryptocurrencies from the comfort of your own home.

The best ways to find work as a writer would be to look under the job section in your favorite crypto publications. You can also email certain sites you’d like to write for.

Sell a related product or service

  • Effort – Varies
  • Income – Varies
  • Risk – Varies

If writing isn’t your thing, maybe there’s a different service you can offer. The BitcoinTalk services provides a host of services you can offer in exchange for Bitcoin. Some of these are marketing an online product, developing a website, or even becoming an Escrow agent.

Mine Bitcoin / crypto

  • Effort – Medium to high
  • Income – Medium to high
  • Risk – High

Many people that start out with Bitcoin are quickly drawn to the concept of Bitcoin mining. Making magical web money from your home computer? What’s not to like?

The fact is that today Bitcoin mining has become more of a job than a hobby. It necessitates very expensive mining equipment, high electricity costs, hardware configuration knowledge and physical space to actually store your miners.

Mining altcoins is cheaper than what you’d need in order to mine Bitcoin. But this only means that the hardware costs less. The other hassles of electricity costs, maintenance, and configurations are basically the same.