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At the time of writing this guide, about 16.7 million of those Bitcoins have been successfully mined, leaving more than four million on the desk for Bitcoin miners.One thing you'll need to know about Bitcoin mining before getting into it's that the difficulty increases over time. In other words, it will require more time and much 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 way to strategy 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.

Little USB miners start at under $100, while larger, more potent mining devices can run into the tens of thousands of dollars. Even though the initial investment of buying a Bitcoin miner can be fairly large, it lets you produce your own steady flow of new Bitcoin until the full 21 million has been reached.If you opt to start mining yourself, make sure you keep the peripheral costs in mind.

In case you've got a massive miner that produces a substantial amount of heat, you can also have to install a cooling system to keep it running correctly. Together, these costs can eat up much of their profit margin in Bitcoin mining. Luckily, when 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 that time on the equipment youve contracted will be sent to a Bitcoin wallet. Two of the very major contract mining services are Genesis Mining and Hashing24. Contract mining is an easy and passive way for you to collect Bitcoin, even though it will cost more over the long run than having your own Bitcoin mining equipment. #2 Total 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 social networking. Though the cover is usually very low, micro-tasks are most likely the simplest way to get into Bitcoin.One of the greatest places to visit begin using micro-tasks that cover in Bitcoin is CoinWorker, a marketplace that specializes in such tasks.

Though many jobs on CoinWorker pay as little as $0.03-0.05, some do cover over $1.00. Tasks recorded on CoinWorker are typically very easy and require only a couple of minutes to complete.There are also several sites that will pay you small amounts of Bitcoin for viewing advertisements. As with other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly easy to perform.

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

Bitcoin faucets pay amounts which are almost too little for many customers to bother with, but theyre a good way to break into the world of Bitcoin and start to realize a small amount of cryptocurrency in your pocket.  Moon Bitcoin is one of the most popular of those taps, however there are many others out there, including FreeBitcoin, Bitcoin Zebra and Daily Free Bits. #4 Invest in Bitcoin and Bitcoin DerivativesOne among the most interesting developments in Bitcoin over the past couple of years has been its own emergence as a fairly common investment asset.

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As one may imagine, investment is one of visit the more rewarding methods of making money with Bitcoin.The most fundamental kind of Bitcoin investment is buying and holding Bitcoin until its cost goes up enough to turn a profit. Thanks to the high degree of price volatility, Bitcoin has generated some incredible gains for investors who pursued this strategy early on.

Of course, this is an extreme example, but it will demonstrate exactly how rewarding Bitcoin investment has been for some traders who have been willing to hold their investments for long periods of time.One of those problems that has plagued Bitcoin investment in the past is the absence of reputable exchanges.