The Bitcoin Challenge

Get started with Bitcoins

scratchThis challenge is intended to help you to get off the ground with all things Bitcoin (Ƀ).

So, get started, share experiences and ideas. Ultimately, maybe, make some money.

The Rules

  • Use NO seed money. The challenge is to start from ZERO. No matter how good a deal appears to be, do not spend your own money. The sites you will visit during the challenge will be littered with “too-good-to-be-true” offers.
  • Do not break the law. This is an educational challenge. So many people associate Bitcoins with criminal activity. That is not what we are about.
  • Keep it honest. Only post comments and referral links for services that have been tried personally.
  • Don’t get fired (or dumped) for obsessing. Some of the challenges involve repetitive tasks for small gain. It is all too easy to put too much focus on the mindless stuff.

The Challenges

Each challenge will be accompanied by an explanation post. Other progress can be shared there. If no links are showing, they are a work-in-progress: Come back to check for updates.

Start up tasks

  • Get a Mobile Wallet. A wallet is like a bank account. You use it to send and receive Bitcoins..
  • Set up Micropayment Accounts. 1 Bitcoin (BTC) can be worth $1000. Many of your earnings will be in much smaller denominations. To avoid excessive transaction charges, some sites use Micropayments to accrue earnings centrally, only paying to your wallet once certain thresholds are reached.

Earn a little, quickly

You will want to see money in your electronic wallet, even if it is a little. The Rules state that you can’t use any seed money, so you have to earn some.

Build you income streams

  • Crowdfund in Bitcoin. Crowdsource an event or add a Donate button or add a tip jar to something that is free. Let people show their appreciation with a small donation.
  • Get Referral income. Referrals are an excellent way of earning a passive income, but there are no guarantees. Most sites you will visit as part of the challenge will offer some sort of refer-a-friend incentive. Take a copy of every referral link. Share these links wherever it is appropriate (these posts will be peppered with them).
  • Sell a file (say, an eBook) for Bitcoin. There are sites out there that will allow you to upload files and let others download for bitcoin.
  • Provide a service and get paid in bitcoin. Not easy, but people are doing it.
  • Invest in something and show a profit. Beware of scams: Use small amounts.
  • Mine for Coins. Firstly, cloud mining is a scam. If you give them your money, they will steal it. Why bother? FREE programmes are designed to entice you in. They pay out and incentivise you to re-invest. NEVER re-invest.

Share the love

What goes around, comes around. Do your bit.

  • Click referral links. If you are visiting a site, try to click a link rather than typing a site address. It costs you nothing and could make someone else a small referral fee.
  • Allow others to share links. As long as you are sharing a site you trust, you can post links here in the comments. Let others do the same. You may even find a new site you love.
  • Tip someone. If you think someone has helped for free, share the love and give a small tip. (See below for my shameless begging)

tipjargClick the Jar to tip via CryptoJar, A Crowdfunding Tip Jar and Online Wallet.

donateAlternatively, scan the QR code using your Mobile Wallet App and tip directly.

Earn money online

Surf, Shop and answer Surveys

This well established site provides a steady income of Amazon Gift Cards.

( They also pay by PayPal but it feels less like winning)

Ways to earn

  • Take surveys (the best way of getting paid quickly)
  • Watch Videos
  • Shop with partners
  • Use Swagbucks Search (a yahoo search)
  • Discover (sign up for offers and partner sites)
  • Install Mobile apps

Use your phone too

  • Use a laptop or desktop
  • Earn extra for using a mobile device (phone/tablet) as well

Click to start earning

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(Why not check out our Earn Money Online section)

Self Publishing on lulu.com

Publish your book for free and get a free copy of your book

After my accidental posting of a puzzle book in India, I have now had a go using lulu.com

The Create Print Book Wizard is easy to use and the templates are helpful.

The Cover Wizard is good, but prevents editing of the front and back cover together (ideal for a saddle stitch book).

Sticking to the free services, I was able to publish a print version to the lulu.com store. An Author Spotlight link can also be created.

Click to publish your book for free and get a free copy of your book when you publish

Check out my own efforts:

cdf00008_thumbnail
Support independent publishing: Buy this book on Lulu.

Self Published (in India)

Published internationally by accident

Yesterday was supposed to be dedicated to reviewing self-publish websites.

With a little Google-Foo, it was not long before I was reading a self publishing success-story in the online edition of “The Telegraph”. External links were clicked…

Almost immediately, I was being walked through a “publish your book for free” wizard. It was simple enough as templates were given for different sizes and formats.

Then there was the Recommended Retail Price. 100 Rupees was the suggestion.

What? Yes, I had inadvertently clicked on the Indian edition of The Telegraph. So, in for a penny in for a Pound (or Rupee), I kept going.

cdf7onlinefront

Checking my email this morning, they have accepted the request and now, technically, I am published in India.

The online shop listing is here.

The publisher is Pothi.com. You can publish your own print or ebook with their Self Publishing wizard.

 

Self Publishing Sudoku

Tea-Break Quickies to All-Night Sessions

To start experimenting with Self Publishing, content needs to original. Sudoku is not in itself original, but these puzzles are.

As an illustration here is a free PDF of 60 original Sudoku (5 levels of difficulty – 12 puzzles of each level):

Sudoku cdf00006 – Tea-Break Quickies to All-Night Sessions

Recent Sudoku self publishing

And so we begin

Is it just about the money?

It’s all about the money. But is it? We want freedom from financial worry, but we want to be happy too.

My way of coping is to keep looking. Be happy with what I have, but not miss out if there is something out there.

There will be a lot of dead ends. There will be a lot of scammers. At no point is any cash going to get invested, no matter how tempting the prize!

There will be posts about Self Publishing, posts about Bitcoins and posts about Online Surveys with other ways to earn money online.

It’s going to be lonely for a while.

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