Bitcoin is digital money, so it should come as no surprise to you to learn that people earn it in many of the same ways that you would earn the traditional fiat money issued by your country’s banking cartels. One of the best and most popular ways for regular people (i.e. non-technical or semi-technical people who can’t program their own apps and stuff like that) to make money online is through blogging.
Blogging is not a get rich quick scheme. In fact, becoming a successful blogger can often be a very long and slow process. You will need to put in a lot of effort to gradually increase the amount of published content you have, build up an audience, and develop relationships with advertisers. But it is very rewarding and also very flexible – you can put in just a few hours per week to earn some extra beer money, or you can work full time to earn a living as a blogger. Of course, you can also work whichever hours you like without having to be up early in the morning to commute to a dull grey office.
Earning Bitcoin by blogging is no more difficult that earning any other kind of money. There are two things that you will need – a successful blog and the right monetization strategy.One way to do that is to start a blog on a revenue sharing website – and there is one called Bitlanders which will reward you in bitcoin for your contributions on the site, in the form of written blog posts, videos and other stuff. That is probably the easiest way to start earning bitcoin by blogging, and can be great fun, but won’t earn you a fortune. The rest of this article will focus on settin gup your own blog – because that is where the real money lies.
The art of creating a successful blog site and driving traffic to it is a huge topic and not really something I can do justice to here, but there are some tips at the bottom of the page for complete newbies; beyond that, I suggest you take to Google and spend a few days reading up on ths subject. For now, I would like to focus on how you can use your blog to rake in the crypto coins.
HISTORY ABOUT BITCOIN
Bitcoin was created by Satoshi Nakamoto, who published the
invention on 31 October 2008 to a cryptography mailing list in a research paper
called "Bitcoin: A Peer-to-Peer Electronic Cash System". It was
implemented as open source code and released in January 2009. Bitcoin is often
called the first cryptocurrency although prior systems existed. Bitcoin is more correctly described as the
first decentralized digital currency.
One of the first supporters, adopters, contributor to
bitcoin and receiver of the first bitcoin transaction was programmer Hal
Finney. Finney downloaded the bitcoin software the day it was released, and
received 10 bitcoins from Nakamoto in the world's first bitcoin transaction.
Other early supporters were Wei Dai, creator of bitcoin predecessor b-money,
and Nick Szabo, creator of bitcoin predecessor bit gold.
In the early days, Nakamoto is estimated to have mined 1
million bitcoins. Before disappearing from any involvement in bitcoin, Nakamoto
in a sense handed over the reins to developer Gavin Andresen, who then became
the bitcoin lead developer at the Bitcoin Foundation, the 'anarchic' bitcoin
community's closest thing to an official public face.
Based on bitcoin's open source code, other cryptocurrencies
started to emerge in 2011.
In March 2013, a technical glitch caused a fork in the
blockchain, with one half of the network adding blocks to one version of the
chain and the other half adding to another. For six hours two bitcoin networks
operated at the same time, each with its own version of the transaction
history. The core developers called for a temporary halt to transactions,
sparking a sharp sell-off. Normal operation was restored when the majority of
the network downgraded to version 0.7 of the bitcoin software.
In 2013 some mainstream websites began accepting bitcoins.
WordPress had started in November 2012, followed by OKCupid in April 2013,
TigerDirect and Overstock.com in January 2014, Expedia in June 2014, Newegg and
Dell in July 2014, and Microsoft in December 2014. The Electronic Frontier
Foundation, a non-profit group, started accepting bitcoins in January 2011,
stopped accepting them in June 2011, and began again in May 2013.
In May 2013, the Department of Homeland Security seized
assets belonging to the Mt. Gox exchange. The U.S. Federal Bureau of
Investigation (FBI) shut down the Silk Road website in October 2013.
In October 2013, Chinese internet giant Baidu had allowed
clients of website security services to pay with bitcoins. During November
2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt.
Gox and the Europe-based Bitstamp to become the largest bitcoin trading
exchange by trade volume. On 19 November 2013, the value of a bitcoin on the
Mt. Gox exchange soared to a peak of US$900 after a United States Senate
committee hearing was told by the FBI that virtual currencies are a legitimate
financial service. On the same day, one bitcoin traded for over RMB¥6780
(US$1,100) in China. On 5 December 2013, the People's Bank of China prohibited
Chinese financial institutions from using bitcoins. After the announcement, the
value of bitcoins dropped, and Baidu no longer accepted bitcoins for certain
services. Buying real-world goods with any virtual currency has been illegal in
China since at least 2009.
The first bitcoin ATM was installed in October 2013 in
Vancouver, British Columbia, Canada.
With about 12 million existing bitcoins in November 2013,
the new price increased the market cap for bitcoin to at least US$7.2 billion.
By 23 November 2013, the total market capitalization of bitcoin exceeded US$10 billion
for the first time.
In the U.S., two men were arrested in January 2014 on
charges of money-laundering using bitcoins; one was Charlie Shrem, the head of
now defunct bitcoin exchange BitInstant and a vice chairman of the Bitcoin
Foundation. Shrem allegedly allowed the other arrested party to purchase large
quantities of bitcoins for use on black-market websites.
In early February 2014, one of the largest bitcoin exchanges,
Mt. Gox, suspended withdrawals citing technical issues. By the end of the
month, Mt. Gox had filed for bankruptcy protection in Japan amid reports that
744,000 bitcoins had been stolen. Months before the filing, the popularity of
Mt. Gox had waned as users experienced difficulties withdrawing funds.
On 18 June 2014, it was announced that bitcoin payment
service provider BitPay would become the new sponsor of St. Petersburg Bowl
under a two-year deal, renamed the Bitcoin St. Petersburg Bowl. Bitcoin was to
be accepted for ticket and concession sales at the game as part of the
sponsorship, and the sponsorship itself was also paid for using bitcoin.
Less than one year after the collapse of Mt. Gox, United
Kingdom-based exhange Bitstamp announced that their exchange would be taken
offline while they investigate a hack which resulted in about 19,000 bitcoins
(equivalent to roughly US$5 million at that time) being stolen from their hot
wallet. The exchange remained offline for several days amid speculation that
customers had lost their funds. Bitstamp resumed trading on 9 January after
increasing security measures and assuring customers that their account balances
would not be impacted.
The bitcoin exchange service Coinbase launched the first
regulated bitcoin exchange in 25 US states on 26 January 2015. At the time of
the announcement, CEO Brian Armstrong stated that Coinbase intends to expand to
thirty countries by the end of 2015. A
spokesperson for Benjamin M. Lawsky, the superintendent of New York state's
Department of Financial Services, stated that Coinbase is operating without a
license in the state of New York. Lawsky is responsible for the development of
the so-called 'BitLicense', which companies need to acquire in order to legally
operate in New York.
In August 2015 it was announced that Barclays would become
the first UK high street bank to start accepting bitcoin, with the bank
revealing that it plans to allow users to make charitable donations using the
cryptocurrency.
A major bitcoin exchange, Bitfinex, was hacked and nearly
120,000 BTC (around $60m) was stolen in 2016.
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