Reducing the cost of small transactions
If you are taking part in The Bitcoin Challenge, you will need to use micropayments.
Now that you have set up your Mobile Bitcoin Wallet, you will have a Wallet ID. This ID will be needed to set up your micropayment account.
1 Bitcoin (BTC) can be worth, say, $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.
Register your Wallet ID on the following sites
You will now want to see money in your electronic wallet, even if it is a little.
Play Games on your Mobile Device for a quick and easy way to start.
Make and receive bitcoin payments
Before can proceed with The Bitcoin Challenge, you will need a Bitcoin Wallet.
A Bitcoin Wallet is a bank account for your Bitcoins. With Mobile Bitcoin Wallets, it can be like the bank account is in your phone. Unless you are really careful and follow the initial instructions, if you loose your mobile device you can also lose your Bitcoins.
- Simple and secure
- Standalone and outstanding
- Quick and simple
- Low resource use as it utilises cloud servers
- Wallet recovery with passcode
- Multiple personal and shared wallets
- Cloud validation
- Easy, fast, reliable and secure
- De-centralised. Its all on your phone
Now that you have set up your Mobile Bitcoin Wallet, you will have a Wallet ID. This ID will be needed to set up accounts on Micropayment Platforms..
Get started with Bitcoins
This 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.
- 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.
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)
Click the Jar to tip via CryptoJar, A Crowdfunding Tip Jar and Online Wallet.
Alternatively, scan the QR code using your Mobile Wallet App and tip directly.
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
(Why not check out our Earn Money Online section)
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:
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.
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.
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