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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 for Bitcoin miners.One thing you'll need to know about Bitcoin mining prior to getting into it is that the difficulty increases over time. In other words, it is going to require more time and more computing power to generate each subsequent Bitcoin.

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By now, however, the difficulty has gone up so much that much more specialized equipment is needed.One approach to approach Bitcoin mining would be 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 produce Bitcoin in todays high-difficulty environment.

Little 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 fairly big, it lets you produce your own steady flow of new Bitcoin until the full 21 million has been reached.If you opt to begin mining yourself, make sure you keep the peripheral prices in mind.

If you've got a massive miner that produces a substantial amount of heat, you may also need to install a cooling system to keep it running properly. Together, these costs can eat up a lot of the profit margin in Bitcoin mining. Fortunately, when Bitcoin continues to appreciate in value, these peripheral prices will eventually be compensated for retroactively through 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 is 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 wikipedia reference to your Bitcoin wallet. Two of the very major contract mining solutions are Genesis Mining and Hashing24. Contract mining is an easy and passive way 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 acceptable for everyone.

Micro-tasks are small, simple actions, such as viewing an advertisement or engaging with a post on social networking. Though the cover is usually very low, micro-tasks are most likely the easiest way to get into Bitcoin.One of the best places to visit get started using micro-tasks that pay 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 pay over $1.00. Tasks recorded on CoinWorker are typically very simple and take only a few minutes to complete.There are also several websites that will pay you small amounts of Bitcoin for viewing advertisements. Like other micro-tasks, these actions pay very small amounts of Bitcoin, but are incredibly simple to carry out.

Some of the greatest sites that enable users to view 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 pay tiny 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 fantastic way to break into the universe of Bitcoin and begin to see a small amount of cryptocurrency in your pocket.  Moon Bitcoin is still one of the most popular of those faucets, but there are many others on the market, 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 emergence as a fairly common investment advantage.

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

Obviously, this can be an extreme example, but it does demonstrate exactly how rewarding Bitcoin investment has been for some traders who've been willing to maintain their investments for long periods of time.One of the issues that has plagued Bitcoin investment in the past is the absence of reliable exchanges.

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