It’s a question for beginners, noobs as we call them. But hey, we were all beginners once, and we have plenty of beginners arriving to the Bitcoin community. Furthermore, the very nature of that question has changed over the past several months.
First, several new exchanges have come online, giving people more options on how to trade dollars, yen, euros, etc. for BTC.
Second, Bitcoin “mining” has proceeded to increase in difficulty. Currently, the value of BTC is more than keeping pace with this increase in difficulty, but the costs of entry in terms of hardware are climbing as well.
A New Economy
Up until this point, the Bitcoin economy and its participants have been somewhat reliant on making money through mining. It’s been some peoples’ hobby, others’ part time full-time job.
Due to increased difficulty, however, the BTC yield has seen diminishing returns. If you wish to get into mining, I highly recommend that you watch this video on Youtube by an experienced miner: http://youtu.be/BzBCbO8U45w
Another practical way to earn Bitcoins has become to provide goods or services to others. You know, like people do with a normal currencies.
Check out cool services and products on the front page, here.
So, where would you go to sell goods and services?
- Get a member to put your service on the Wiki Trade Page.
- Post your item to the BiddingPond.
- Post on the Marketplace Forums.
- Put your item for sale on Craigslist, and include the word “Bitcoin” or “Bitcoins” in the posting. Here’s why.
- Make a classifieds posting here, we’ll put it on the Bulletin’s homepage.
- Post on BitMarket.ca
I will post more hotspots for goods and services as I find them.
-Spencer
