{"id":16459,"date":"2017-08-03T11:48:31","date_gmt":"2017-08-03T11:48:31","guid":{"rendered":"https:\/\/thealternativeways.com\/?p=16459"},"modified":"2017-08-03T11:51:49","modified_gmt":"2017-08-03T11:51:49","slug":"bitcoin-generator-apps-scam","status":"publish","type":"post","link":"https:\/\/thealternativeways.com\/bitcoin-generator-apps-scam\/","title":{"rendered":"Bitcoin Generator Apps Are A Scam"},"content":{"rendered":"

This article was written to help you avoid making mistakes like signing up to Bitcoin Generator Apps.<\/span><\/em><\/p>\n

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If you are looking for a bitcoin generator, let me begin by telling you that those don\u2019t exist under such a term. There\u2019s a set number of bitcoins that already exist, and a set amount that will exist in the future. The only way to create new bitcoins is by <\/span>mining<\/span><\/a> them. <\/span><\/p>\n

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By the end of this article you will have the knowledge you need to invest in bitcoins or join a bitcoin mining pool.<\/span><\/p>\n

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Related: <\/b>Best Cryptocurrencies To Invest In<\/b><\/a><\/h3>\n

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Bitcoin Generator Apps Are A Scam<\/b><\/h1>\n

If you are looking for an easy way to make money online, this is not one of them. There are countless ways to make money through <\/span>investing in crypto<\/span><\/a>, but generating fake bitcoins is not one of them. Bitcoins cannot be simply generated, and any website or app that says differently is trying to fish your information and steal from you.<\/span><\/p>\n

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Bitcoin Generator Apps Are Not A Mining Pool<\/b><\/h2>\n

If the reason you looked up this term was to find out how to start getting Bitcoins, then you were probably looking for bitcoin mining information. <\/span><\/p>\n

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The way cryptocurrencies work is that you lend them computer power in exchange for btc. The computer \u2013 or pool of computers \u2013 puts its computing strength in solving complex mathematical problems. Whenever a solution is found, a new bitcoin is generated. <\/span><\/p>\n

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This is how you can make money through Bitcoin mining. The same is true for any other alt coins.<\/span><\/p>\n

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Joining A Mining Pool<\/b><\/h2>\n

There are many mining pools you can join, but don\u2019t expect to make a lot of money if you are only using your regular computer to mine. Nowadays there are specialized computers created for the sole purpose of mining day and night. Using a regular computer to mine for bitcoin (btc) would cost you more in electricity and computer maintenance than the amount of btc you will make from it. <\/span><\/p>\n

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Instead, I suggest you start mining for some of the alt coins. <\/span>Coincap.io<\/span><\/a> is a great place to see which alt coins are performing better than others. Once you choose a few coins to mine, you can either go to that specific alt coin\u2019s subreddit, or look up on Google how to mine the coin. <\/span><\/p>\n

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Make sure to properly research how without divulging your personal information or downloading any malicious software. If you have any questions or aren\u2019t sure about the legitimacy of a certain website, feel free to comment at the bottom of the article and I will personally check.<\/span><\/p>\n