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At the time of writing this article, 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 will require more time and more computing power to generate each subsequent Bitcoin.

By now, but the difficulty has gone up so much much more specialized equipment is needed.One approach to strategy Bitcoin mining is to do it yourself. To try it, youll need to invest in a Bitcoin miner. Bitcoin miners are external devices that supply the necessary computing power to make Bitcoin in todays high-difficulty environment.

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

In case you've got a massive miner that generates 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 a lot of their profit margin in Bitcoin mining. Luckily, if Bitcoin continues to appreciate in value, these peripheral prices 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 length of time, and all Bitcoin mined during this time on the equipment youve contracted will be sent to your Bitcoin wallet. Two of the very major contract mining solutions are Genesis Mining and Hashing24. Contract mining is an easy and passive method that you accumulate Bitcoin, though it is going to cost more over the long run than having your own Bitcoin mining equipment. #2 Complete 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 small, simple actions, like viewing an advertisement or engaging with a post on social networking. Although the pay is usually very low, micro-tasks are most likely the easiest way to get into Bitcoin.One of the greatest places to go to get started using micro-tasks that cover in Bitcoin is CoinWorker, a marketplace that specializes in such tasks.

Though many tasks on CoinWorker cover as little as $0.03-0.05, some do pay over $1.00. Tasks recorded on CoinWorker are normally quite simple and take only a few minutes to complete.There are also several sites that can pay you little amounts of Bitcoin for viewing ads. As with other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly simple to perform.

A number of the greatest 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 very small amounts of Bitcoin in exchange for a small amount of your time often around 1 Satoshi, and it is a hundredth of a millionth BTC.

Bitcoin taps cover amounts which are almost too small for many users to bother with, but theyre a good way to break into the universe of Bitcoin and begin to realize a little amount of cryptocurrency in your digital go to website 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 among the most interesting developments in Bitcoin over the past few years has been its own emergence as a fairly common investment asset.

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

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