How Long Does It Take To Mine Asch XAS
Asch Singapore Foundation is Officially Incorporated. Server error when transferring XAS out of web wallet. But how long does that take?
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So you have some bitcoins in your hands. How can we grow our existing Satoshis into 1 μBTC (0.000001 BTC) or—dare we dream it—1 BTC? Read on to find out! 1) Lend BTC on a peer-to-peer lending service • • These two sites offer a similar service with marginal differences; they’re both essentially a marketplace that connects borrowers to lenders. The idea is this: borrowers who need to borrow BTC for their business or investment offer a reasonable compensation (in the form of interest) to lenders. Image from btcjam.com To weed out scammers, both services offer a gauge on how trustable a borrower is as borrowers can: • submit IDs for identity verification • submit their source of income for verification • connect their Linkedin, Facebook, eBay, Twitter, and PayPal accounts BTCJam goes one more step further with credit card and bank verification.
Regardless of the verification system in place, you should always diversify between the loans you’re providing. There’s a reason why this adage is still relevant now: “Don’t put all your eggs in one basket.” In the event a borrower defaults, there’s only a low chance that you’d be able to recover your loan. While BTCJam uses, the process of loan recovery is tedious and time-consuming. Time invested: may be a lot.
Need time to find reputable borrowers with high credit scores. As these borrowers are in high demand and they often get funded pretty quickly, it may be a while before you can locate a borrower with lower risk.
Risk: fraudsters; loan defaults Reward: medium-high Expected APR: varies, anywhere between 9% – 19% 2) Lend BTC on Chinese exchanges • • To help BTC traders with their margin trading without a large commercial entity, regular Bitcoin users can now double as a lender. Unlike lending on a peer-to-peer service, both borrower and lender will not know the other party’s identity. And as a lender, you may offer BTC at an interest rate and maximum period of lending you specify, to be used by a margin trader. Borrowers may or may not take you up for it.
Both Bitfinex and BitVC do not have deposit or withdrawal fees. Time invested: not a lot; depends on how “attractive” your specified interest rate and max.
Period of lending are Risk: while there is no counterparty risk from the borrower, the exchange, however, controls your funds. This also depends on whether it can remain solvent in the event of a market crash Reward: medium 3) Save in interest-bearing BTC accounts • • Earns roughly 0.033% in interest daily at the time of writing • • Earns roughly 0.025% in interest daily at the time of writing While both sites are based in China, BitVC is also available in English.
Both wallets function as an interest-bearing savings account. As Bitcoin is not an inflationary currency, questions are often raised as to how these sites can afford to pay interest to their users. And it’s a good question to ask. For Yubibao, the income is derived from “leverage fees paid by borrowers who do margin trading on BitVC”, of which 80% of the fees are allocated to Yubibao savers []. For JUA, the company generates income by purchasing mining machines to mine for BTC, lending BTC, and investing in other companies []. Time invested: minimal Risk: whether to trust an exchange that holds your money.
As such, there’s a risk that they may be shut down or hacked Reward: medium 4) Start an online service and solicit donations via Bitcoin If you have an available server that you’ve been renting for other purposes anyway, you may want to consider starting a useful online service that visitors will keep returning to, where you can then solicit donations via Bitcoin. An example of a useful site include:. While the site has nothing to do with Bitcoin, it offers a useful service to compress, convert, merge, or split PDF files. Time invested: a lot Risk: no risk involved. If it doesn’t pan out, the only thing you’ve wasted is your time Reward: low to medium 5) Complete micro-tasks to get Bitcoin While these tasks take only a few minutes at any one time, it takes a long time before you can accummulate any substantial amount.: You can earn BTC by completing micro-tasks. Similar to Amazon’s Mechanical Turk, users get to do simple tasks and get paid for it. These are usually tasks that humans can easily do but computers cannot.
It also pays out at 60 bits, usually within 24 hours.: Like BitcoinGet, some of the tasks available include completing surveys and downloading apps. It also pays out at 5,000 bits.: Similar to the above two sites, Work4Crypto pays out in altcoins like Dogecoin, which you can then sell for Bitcoin if you so desire. Time invested: low to medium Risk: no risk involved. If it doesn’t pan out, the only thing you’ve wasted is your time Reward: low 6) Sell your items: Do you have a game or gadget lying around that you've not used for a long time? Glyde is a platform that allows you to sell your used phones, tablets, MacBooks, or video games for Bitcoin.
Unlike other platforms, upon getting a buyer online, Glyde will ship you a shipping kit with a prepaid label. Your package will also be tracked and insured.: Similar to eBay, Cryptothrift allows you to auction and sell your items for Bitcoin or Litecoin. It also has a user feedback system that allows buyers to determine the trustworthiness of a seller. Time invested: low Risk: there may be buyer fraud. As with other marketplaces like eBay, always document your items (take photos of the product and serial number) before shipping them Reward: low to medium 7) Sell your services: Inspired by Fiverr, this site allows users to offer their services—be it designing logos, solving difficult math equations, or writing a short article—and be paid in Dogecoin.
You can then sell them for Bitcoin if you wish. Time invested: dependent on the services you're offering Risk: while sellers have to send their Dogecoin to Dogerr's escrow, there may be a possibility that the seller will not pay up Reward: low to medium 8) Watch videos and get paid in Bitcoin: With PerkTV’s app on iOS and Android, you can watch videos on your mobile phone and get 1 point each (which equals $0.01). Back in its heydays, you used to be able to get 4 points for each video. And if you think you can leave your phone running non-stop, think again. A pop-up will appear after an hour to make sure that you’re still watching. With your accummulated points, you can then redeem $25, $50, and $100 worth of BTC via a separate Perk Wallet app on iOS and Android.
The BTC will then be transferred to your account. However, the rate to Bitcoin is 80% of Bitcoin’s actual value, so you don’t get the full value of Bitcoin compared to redeeming in cash equivalent gift cards. In addition, redemptions are only processed once a week. [] /: You can similarly watch videos and be paid for it at 50 uBTC for every 30 seconds of video. Time invested: not a lot Risk: no risk involved Reward: low 9) Listen to an online radio and earn Bitcoin: If you’re working at your computer all day, you may be interested in listening to an online radio to earn Bitcoin. (In fact, you can just mute your computer and still earn.) You’ll be prompted with a CAPTCHA every 10 minutes, which will then garner you 500 Satoshis. Payments are also processed every day at midnight EDT.
Time invested: not a lot to just enter the CAPTCHA if you’re going to use the computer anyway Risk: no risk involved Reward: low 10) Bitcoin faucets There are simply too many to list—there are now 106 known working Bitcoin faucets at the time of writing. The full list may be found here:. Almost all sites have a minimum payout.
They use a countdown timer before you’re allowed to click a button to accumulate enough Satoshis to withdraw. These sites usually earn money through ads; you often cannot use them if Adblock is enabled. Time invested: not a lot Risk: no risk Reward: very low 11) Getting involved with Altcoins Why would you want to dabble in altcoins? As you can sell altcoins for Bitcoin, this is yet another way to increase the size of your BTC wallet. Zcash ZEC Mining Calculator Difficulty on this page.