In the last few years, bitcoin has seen massive growth in take-up and price. However, to some, the world of cryptocurrency may seem too expensive to access. The costs of traditional bitcoin mining require significant investment before you get any reward. Contrary to this belief, there are several ways in which bitcoin enthusiasts can earn free crypto income without investment. So, how can you access free bitcoin mining without investment?
Is free bitcoin legit?
Buying and trading bitcoin is the most effective method for acquiring significant amounts. However, you can also earn bitcoin for free through various methods. These methods often require some effort but do not involve financial investment, reducing the risk. Nonetheless, while earning free bitcoin is a legitimate option, it’s crucial to stay alert. Scams exist in this space, so vigilance is key to avoiding fraudulent schemes.
How to earn free bitcoin
There are several ways to get free bitcoin, including faucets and cloud mining platforms. Free mining is definitely a reality, despite the assumptions by many that it is an expensive game. Numerous cloud mining platforms, plus bitcoin faucets, which send out small quantities of bitcoin regularly, make it more accessible.
YouHodler’s Cloud Mining service is a crypto mining simulator and a rewarding system for users who accomplish straightforward tasks.
Simply put, it’s designed as a mining simulator that aims to make the Bitcoin mining experience more accessible and enjoyable. To take advantage of YouHodler Cloud Mining, complete the following steps.
1. Firstly, sign up for YouHodler.
2. Secondly, look over the dashboard. On the left side of the screen, select Cloud Miner.
3. To begin mining, click on the “block” (heptagon). You must have a sufficient number of “Sparks” to “mine” a block.
4. Once you click on the block you will have to complete tasks to earn bitcoin.
Once you mine the block, click on the following block. Your funds will automatically be credited to your account.
Bitcoin mining without any investment
You can get free bitcoin mining without investment, but how? One way to earn free crypto without dedicated equipment is to install a mining browser. This uses the power of your computer to get bitcoins, which you can then retrieve.
One such example of such a browser is CryptoTab, however, there are dangers to software like this. Besides the potential to slow down your computer, there are warnings about the damage this could do to your CPU. There is the potential for it to overwork your computer.
Alternatives to CPU mining
There are, however, alternatives to using your CPU’s power to mine cryptocurrency. In addition to CPU mining, Bitcoin enthusiasts also have the option of GPU mining, ASIC mining, or cloud mining.
Each approach to mining has its own benefits and weaknesses. Ultimately it is up to you to decide which form of mining best suits your needs.
Pros
| CPU | Cost efficient | Better for decentralization | Better for running complex programs |
| GPU | Flexible usage, can be repurposed | Wide availability | Upgradeable |
| ASIC | More profitable | Better energy consumption | High performance |
| Cloud mining | More affordable | Wide accessibility | No maintenance for any hardware |
Cons
| CPU | Unable to mine most cryptocurrencies | Typically less profitable | Hardware maintenance |
| GPU | Less profitable than ASIC mining | Hardware maintenance | Less energy efficient |
| ASIC | High cost | Can not be repurposed | Low resale value for secondary market |
| Cloud mining | Low profits | Many cloud mining scams | Can not control the mining software process |
Bitcoin cloud mining
Cloud mining, as opposed to traditional mining, allows you to mine cryptocurrency without putting up the initial capital required to start a mining operation.
To provide some context, miners often finance their mining operations because the equipment is very expensive. Because they take on large amounts of debt, it diminishes the mining rewards they take home after making loan payments.
Therefore, cloud mining is a way to utilize someone else’s equipment to earn bitcoin rewards. Cloud Mining tools, such as StormGain, a zero commission mining platform, is one option available for those who wish to earn free crypto from bitcoin mining.
Instead of charging fees upfront, Stormgain takes a small percentage of the proceeds of your mining. You get the rest — a small price to pay for a significant gain.
The platform, at more of a cost, offers cryptocurrency trading, as well as its cloud mining services. While there are alternatives, it is not clear that they are completely free, potentially involving some initial costs.
An alternative to StormGain is Cointiply, which, while not requiring investment, may require you to carry out small tasks. This will reward you with amounts of cryptocurrency for doing surveys and tasks.
Alternatively, they have a bitcoin faucet, which gives you an amount every hour. The platform has paid over $3 million in bitcoin since starting up. Cointiply also pay you a 1% bonus for each day that you are active on it.
The fastest way to get one bitcoin free
Is it possible to earn one bitcoin completely free? This, although difficult, is possible over a time period. In conjunction with doing tasks (such as learn-to-earn) and playing games, faucets can lead you to get your first bitcoin.
It may take some patience, but it can get you there. Alternatively, if you aren’t that patient, there is the odd competition that has bitcoin as the prize. Be cautious, though, as not all of these are genuine.
This, if genuine, would be the fastest way to get 1 bitcoin by far. However, if you see a big flashing ad saying one free bitcoin — proceed with caution. These can be and often are scams.
The best free bitcoin miner
If you are looking for free bitcoin mining without investment, some of these options may work for you.
Depending on how much you are willing to put in that isn’t actual money, what counts as the best may vary. For those willing to work for it, Cointiply is the best to mine and accumulate bitcoin through tasks, faucets, and games.
How to get free bitcoin daily
Despite the benefits of free mining, there are other avenues. If you’re not rushing to gain bitcoin and just want daily income, your best option is faucets. These are websites that send out small amounts of bitcoin on a regular (usually hourly or every few minutes) basis. These faucets will either have their own wallets or may ask for an address where the bitcoin will be sent.
Those with their own wallets offer the facility to withdraw the crypto to your wallet. It may be beneficial to leave your bitcoin in the wallet of your faucet, particularly if they offer an interest-earning account. One such website that offers this is FreeBitco.in. Among other features, the faucet offers interest on your bitcoin at 4.08%, but even so, you need plenty of cryptocurrencies to make it worth it.
The difficulty with faucets is working out the tax on your bitcoin income. Since governments have cracked down on cryptocurrency regulation, this has become a necessity to keep track of your bitcoin gains, but this doesn’t make it impossible.
Are these efforts worth it?
There are benefits and downsides to all these methods. It depends on how much effort and time you put into earning free bitcoin. The general rule regarding this is that the more effort you put in, the greater your return. Despite this, if you are willing to wait for considerable amounts of free bitcoin, the best option would be a faucet, sending out small amounts of bitcoin at regular intervals.
These are great options to earn free bitcoin mining income without investment, however, for ease and the lower risk, faucets serve as the better option.
< Previous In Series | Mining | Next In Series >
Frequently asked questions
How can I get 1 bitcoin for free?
How can I get free crypto?
Is crypto free money?
How can I mine Bitcoin?
How do I earn free BTC without an investment?
Can you CPU mine bitcoin?
Are ASICs the only profitable way to mine?
Is CPU or GPU mining better?
Is mining crypto profitable?
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
