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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 desk to get 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 will require more time and much more computing power to generate each subsequent Bitcoin.

By now, but the problem has gone up so much that much more technical equipment is needed.One approach to approach Bitcoin mining is to do it yourself. To try it, 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.

Small USB miners begin at under $100, while bigger, more powerful mining devices can run into the tens of thousands of dollars. Although 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 whole 21 million has been reached.If you opt to start mining yourself, be sure to keep the peripheral prices in mind.

In case 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 properly. Collectively, 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 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. Some of the most major contract mining solutions are Genesis Mining and Hashing24. Contract mining is an easy and passive way for you to collect Bitcoin, though it will be more expensive over the long run than having your own Bitcoin mining equipment. #2 Total Micro-tasks for BitcoinThough mining lets you earn Bitcoin quicker than any other method, its high investment threshold means it wont be suitable for everyone.

Micro-tasks are modest, simple actions, such as viewing an advertisement or engaging with a post on social networking. Although the pay is normally very low, micro-tasks are probably the easiest way to get into Bitcoin.One of the best places to go to get started with micro-tasks that cover in Bitcoin is CoinWorker, a market that specializes in such tasks.

Though many tasks on CoinWorker cover as little as $0.03-0.05, some do cover over $1.00. Tasks recorded on CoinWorker are normally quite easy and take only a couple of minutes to complete.There are also several websites that will 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.

Some of the best sites that allow 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 pay 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 taps cover amounts that are almost too small for many users to bother with, but theyre a fantastic way to break into the universe of Bitcoin and begin to realize a little amount of cryptocurrency in your digital wallet.  Moon Bitcoin is still 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 of the most interesting developments in Bitcoin within the past few years has been its own emergence see this page as a rather common investment asset.

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As one might imagine, investment is one of the more lucrative 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 its high level of price volatility, Bitcoin has produced some incredible gains for investors that pursued this plan early on.

Obviously, this is an extreme example, but it will demonstrate exactly how profitable Bitcoin investment has been for some traders who've been willing to hold their investments for long lengths of time.One of the problems that has plagued Bitcoin investment in the past is the absence of reputable exchanges.