finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

If yes then probably with the help of this article you will get to know about the ways which will help you to get free Bitcoins easily. There are lots of ways available nowadays which are offering you to earn free Bitcoins quickly. Therefore, you should not miss any of the chances to earn a free Bitcoin for yourself. In addition, you will have to read this whole article to find out the ways which are offered for helping people to get a free Bitcoin quickly.

Today it is possible to earn a free Bitcoin for yourself by taking the help of the Internet and by visiting different types of websites as well. Playing online games and watching ads can help you to generate a small portion of Bitcoin for yourself. However, with time you can arrange the whole Bitcoin for yourself though it will take lots of years to have it. Additionally, those who are interested in earning a little portion of Bitcoin should try out the below steps every day. In addition, there is another important thing that you need to know about Bitcoin is the 51 per cent attack.

Simple Ways To Get Bitcoin Without Mining

Now quickly find out all those ways which help you to generate a little portion of Bitcoin for yourself. 

Use A Crypto Browser

If you want to earn Bitcoin in the easiest way then you can follow all those websites which ask you to do some activities on their site. By using the Crypto tab Browser you can easily avail of Bitcoin for yourself. Therefore, those who are looking for ways to get bitcoin by themselves immediately should use the Crypto Browser to bring in Bitcoins.

Learning About Bitcoin

Another way that you can earn bitcoin for free is by learning about Bitcoins. With the help of the website coinbase you can get more information about Bitcoin and how you can earn a bitcoin as well. However, this website often asks the user to perform some tasks and throw some questions as well in front of them. If the users successfully complete all the given tasks and answers as well then they will get the chance to have a bitcoin or a little portion of Bitcoin. 

Play Online Games to Earn Bitcoins

Several online games are offering their users to bring a small portion of Bitcoin by playing online games or watching the ads as well. However, this method becomes one of the easiest ways for advertisement. By simply watching the ads and playing the online games you can earn a portion of Bitcoin for yourself. However, the amount of winning Bitcoins is very little. Still, people are taking much interest in playing online games and earning a free portion of Bitcoins. 

Trading

By trading on cryptocurrency, you can get the chance to win a free Bitcoin for yourself anytime. However, at a later time, you can sell your Bitcoin if you get a better amount of money instead of it. Therefore, trading is another way that will help you to generate or to help to earn a bitcoin. 

Shopping rewards

There is another way through which you can earn a free Bitcoin by yourself by doing your regular online shopping. Therefore, one just simply needs to download the extension Browser and with the help of that browser, they will have to shop from different online shops. At a later time, they will offer you cashback from their sides as well. In addition, the cashback will help you to get free Bitcoins easily. 

Bitcoin Lending

Another popular way which people can follow to earn a free Bitcoin is by following Bitcoin lending. With the help of the binance earn lending platform, it will become much easier for all the people to earn a free Bitcoin or a little amount of Bitcoin as well.

Conclusion

Therefore, try out all these ways to have a free Bitcoin for yourself. However, many other ways are also available to earn free Bitcoin. 

RiskIQ, the global leader in digital threat management, recently released an infographic mapping and profiling the global cryptocurrency mining landscape, which has swelled in size due to the rush by companies and threat actors alike to capitalise on cryptocurrency's skyrocketing valuation.

The infographic is based on data collected by RiskIQ's web crawling infrastructure, which downloads and analyses website content to identify the individual technical components that load when rendered to detect cryptocurrency miners across the Internet. The research highlights the influx of revenue-generating miners in domains in the Alexa top-10,000 and analyses their attributes, such as prevalence, longevity and associated infrastructure.

Since these miners require an expensive amount of computing power — Fundstrat reported that the cost of mining a single Bitcoin reached about $8,038 and the costs of mining other coins are not far behind — actors often source it from unwitting users. To do so, they take advantage of the fact that security teams lack visibility into all the ways that they can be attacked externally and struggle to understand what belongs to their organisation, how it’s connected to the rest of their asset inventory and what potential vulnerabilities are exposed to compromise.

While some brands capitalise by running cryptocurrency mining scripts in the background of their sites to leverage the computers of their visitors legally, threat actors exploit this blind spot to hack vulnerable sites or spin up fake, illegitimate websites to siphon money, often with typosquatting domains and fraudulent branding. RiskIQ reported back in February that an upwards of 50,000 total websites have been observed using Coinhive in the past year–many of them likely without the original owner’s knowledge.

 

"In the case of cryptocurrency mining scripts, organisations must be able to inventory all the third-party code running on their web assets and be able to detect instances of threat actors leveraging their brand on illegitimate sites around the Internet,” said Adam Hunt, chief data scientist at RiskIQ. “Threat actors realise the lack of visibility these organisations have and are targeting it accordingly.”

The report found that threat actors leveraging domains or subdomains that belong, or appear to belong, to major brands, trick people into visiting their sites running cryptocurrency mining scripts to monetize their content.

(Source: RiskIQ)

More and more institutional investors are starting to invest in cryptocurrencies. As they do, the issue of crypto custody and how it fits within their existing workflows and regulatory requirements becomes a bigger and bigger issue. While a range of approaches are currently being used, everyone wants a better solution. Below David Wills, Co-Founder and COO of Caspian , reveals more.

Since the beginning of last year, cryptocurrencies have surged in popularity, usability, and, most importantly, value. While crypto markets have historically been dominated by individual investors, institutional investors have only recently joined the fray. However, with two Chicago-based commodity exchanges, Cboe and CME, launching the first regulated Bitcoin futures contracts at the end of last year, this new wave of involvement is growing.

As it does, the issue of crypto custody, which is essentially how an investor’s digital assets are stored and ‘kept safe’, gains more attention. In traditional markets, years of regulation have meant that organisations and mature systems, such as the broker/dealer relationship or future commission merchants, have developed for this purpose. In the world of cryptocurrencies, such institutions are only just being imagined or established and they are doing so against the grey area of crypto regulation.

Which begs the question, what solutions are institutional investors using now and are any of them good enough to survive for the long term?

Crypto custody as it exists today

While specific solutions for institutional investors are appearing with greater frequency by the day, they are normally a combination of established crypto storage practices. After all, much of the risk associated with holding and trading cryptocurrencies come from the fact that they are digital assets, which are as vulnerable as an individual’s personal online security measures.

This means that individual institutions are dealing with the same issues of hot storage on exchanges, which enables speed of trading, and cold storage offline, which means increased security of the digital assets held. One option that combines the benefits of both approaches for institutional investors is vault storage. In this scenario, the risk of hot storage is reduced because an exchange creates a private key offline, making it easy to send purchased cryptocurrency to the public address but much less easy to move it from the account using the private key.

Such solutions are being utilised in order to find the right combination of security and efficiency that institutional investors need. For the most part, they are using a diversified combination of hot and cold storage in combination with multi signature wallets and monitored concentration limits to mitigate risk.

As one can imagine though, this is still not the ideal solution for experienced investors used to a mature toolkit that has been optimised to make regulatory compliant trading as quick and easy as possible within a regulated fiat environment.

Solutions for the future

Innovation and consolidation in the area of crypto custody are occurring in parallel, signalling what the future direction of the solution might look like.

As mentioned, crypto funds are already providing a variety of custody solutions for institutional investors, including insurance, and this consultative approach will continue.

In addition, established crypto players are developing their own custody offers to attract the more security conscious players entering the market, either through internal innovation or acquisition. BitGo’s recent acquisition of digital asset custodian Kingdom Trust, which holds more than $12 billion in assets, is a recent example of the latter and it would not be surprising to see crypto exchanges making similar purchases to boost their offer.

On the technological side, recent innovations like the Glacier Protocol suggest that the development of blockchain-focused solutions will also play their part. Although designed for personal, long-term storage itself, the development of similar protocols to solve the problems of institutional investors would not be a surprise.

FInally, the role of the regulator cannot be ignored here. Institutional investors utilise custody solutions in the traditional fiat world that have been designed around the frameworks laid out by regulators. We already know that the SEC has kicked off a consultation with over 100 crypto funds, during which custodianship will undoubtedly be covered.

While a single solution has not yet revealed itself, as more and more regulated institutions enter the crypto space, more regulatory frameworks will be established, more solutions to fit this need will appear and the picture will become much clearer.

One might assume that Kodak, the American photography company best known for printing your beloved baby pictures from the high street, had faded into obscurity after its redundancy in the wake of the ever-changing digital age.

In the dawn of handheld devices such as cell phones, smart phones and tablets—all of which can take photographs themselves—Kodak underestimated the constant change in our technological society, whereas competitors took advantage of the market to remain up-to-date in a rapidly modernizing world. Its share worth paints a clear picture of this despite its financial peak in 1996, with the brief bankruptcy it filed for in 2012 and the subsequent steady slope downwards in worth from then onwards as solid proof of its growing irrelevance.

That is, until you reach January 2018, and a large spike in value ends its loss-making trend.

The cause? Eastman Kodak Co. announcing Kodakcoin, Kodakone and Kodak KashMiner, another entry in the list of growing cryptocurrencies and miners attempting to bank on Bitcoin’s success. The announcement prompted Kodak’s shares to surge from $3.13 per share to $12.75, slating 31st January 2018 as the date for the Initial Coin Offering (ICO) for Kodakcoin to begin.

ICOs are used to raise funds in the development of a new cryptocurrency, often in exchange for fiat currency or other cryptocurrencies such as Bitcoin. The announcement was made at the CES2018 convention in Las Vegas. Kodakone, created in partnership with London-based WENN Digital, will be the platform for which Kodakcoin can be used, utilizing blockchain technology to help photographers keep track of how their photos are used online. They will allegedly benefit from being able to register their work, sell rights to images and receive payment through the new cryptocurrency.

Among these announcements was the plan to install rows of Bitcoin mining rigs at Kodak’s headquarters in Rochester, New York—a power intensive process run by Spotlite branded as Kodak KashMiner, that will verify cryptocurrency transactions rapidly.

Kodak KashMiner computers can be leased by anyone for a two-year contract for over $3000, with alleged returns reaching over $9000 for the customer at $375 a month. Despite this, the overall worth of these machines is under scrutiny due to the fact that Bitcoins become harder to generate over time, signalling the potential that customers will earn far less than they anticipated. The scheme was also criticised over fears that a cryptocurrency bubble will form because of it.

Kodak’s move is among many others who have recently joined in the trend of creating unique digital currencies or taking advantage of Bitcoin’s success—including Mark Zuckerberg, who recently detailed plans to incorporate Bitcoin into Facebook in order to fix its underlying problem of centralism.

But is this move worth the risk?

Bitcoin itself has become common knowledge at this point, with headlines reporting its changes in worth on a daily basis—however, its worth plummeted by 14% in just 24 hours due to the continued discussion over South Korea’s potential ban of the cryptocurrency. With its future up to debate, it is unknown whether Kodak will reap the benefits that it undeniably needs. It has, at least, dragged itself out of the grave and back into the limelight for now.

AMC is a firm of independent consultants offering expertise and professional advice to the exploration, mining and mining finance industries from our offices in Adelaide, Brisbane, Melbourne, Perth, Toronto, Vancouver, Singapore, and Maidenhead. AMC provides consulting services in the fields of Geology, Mining, Geomechanics, Feasibility studies, Mine optimization, and Mining Business Improvement services, among others.

Mark Chesher is a Principal Mining Engineer, who’s worked on feasibility studies for AMC clients for the past 17 years, which follows his 18-year experience in operational roles.

Mark has managed feasibility studies in Australia and other countries (including Finland, Russia, Fiji, Mozambique, Eritrea and Central African Republic) for gold, platinum, base metals, uranium, magnetite, phosphate, potash and mineral sands projects. Interspersed between these major pieces of work, he has also conducted operational reviews and valuations of many operations.

He’s also worked in Russia for the past 3 years, seeing significant mining opportunities there, as well as in other FSU countries. Mark is about to back this confidence by moving to Moscow later this year to pursue an expanding AMC client base. Here, Mark tells Finance Monthly about AMC Consultants, the mining industry in Australia and his experience in the sector.

  

Australia is well known for its mining industry - what are currently the hottest topics being discussed on mining in the country?

 The end of the mining boom has dominated the Australian media commentary for the last 4 years. Reduced commodity prices, leading to reductions in jobs and royalties received by State governments, iron ore in particular, has brought the impact of the mining industry on the general community sharply into focus.

Behind the scenes though, mining operations have been pushing hard to overturn attitudes of the mining boom, where advice to companies was to expand production at any cost. This of course led to overcapitalization of operations and higher unit costs. They subsequently found it very difficult to adjust once the downturn inevitably arrived.

Mining operations have been concentrating on productivity improvement over the last 4 years – basically a return to good mining practice. More proactive companies are well advanced and we have been helping to achieve some of their goals.

With the emergence of “Big Data” in recent years, the mining industry started to think differently about its business models, and concepts like disruption, autonomy and centralised control entering common language. A mining operation generates an enormous amount of data, which can support many productivity improvements leading to improved unit cost performance. AMC holds a competitive advantage in this space, offering clients “Online Mining Intelligence” and “Performance Benchmarking” services from experienced professionals.

 

What attracted you to the field of mining engineering?

Growing up in Brisbane, Queensland exposed me to the impact of mining through coal and base metals operations – particularly at Mt Isa. My older brother also moved into Metallurgy, so I became aware of opportunities afforded by the mining industry.

I found that mining engineering suited my desire for overviewing mining operations and integrating separate disciplines to provide better overall outcomes for projects. Managing feasibility studies, in particular, requires overall understanding of geology, mining, processing, infrastructure, transport, environmental, social, economic, project implementation, and government factors.

 

Can you tell us a bit about your career path prior to joining AMC Consultants?

My early career involved moving to a variety of operations around Australia. I spent 12 years in three gold mines and a bauxite mine gaining a basic grounding in the design and operation of these mines. Experience that has been particularly important in later years of managing and planning operations.

I then moved into management of a mid-sized gold mine, rising to the role of operations manager, and then on to the Mining Manager’s role at the large Murrin Murrin Lateritic Nickel operation.

In all these roles, I generally had overall responsibility as Competent Person for the reporting of Ore Reserves. This gave me a growing insight into factors such as equipment selection and specification, dilution and ore loss estimation, pit design, scheduling and budgeting and operations management.

In 2000, I joined AMC and really enjoy the ability to work on a variety of projects without having to move companies. I have seen several industry cycles and have a great respect for the Australian mining industry’s ability to change and adapt each time there is a downturn.

 

Tell us a bit about your role as a Principal Mining Engineer for AMC Consultants?  What are the most common projects/operations that you work on?

The most common projects are gold feasibility studies at varying levels of confidence (Concept, Pre-feasibility or Feasibility). There is always the challenge in this environment of falling grades and increasing difficulty of deposit exploitation.

Being a Principal Engineer in the AMC Open Pit group provides an opportunity to work on a diverse range of projects with 14 engineers (six of them Principals with more than 30 years of experience). I find this a very collegiate environment with a wide variety of opinions and approaches available to apply to our projects. There are often well-trodden paths for metallurgy, mining and development, or there can be difficult projects that are at times very challenging, requiring novel approaches and use of all our skills to ensure the best possible assessment for our clients.

 

What motivates you about your role?

 I enjoy the reward of seeing projects come to life after starting as several sets of data collected at different times and with a variety of techniques. Turning that data into usable information and then developing viable plans takes planning and forethought to provide the development plans at the right times. Even if the study shows a negative result, I find great satisfaction in understanding the problem and providing objective advice to our client on the way ahead.

Having been in the industry for many years, I now enjoy helping others at AMC achieve the same sort of satisfaction that I receive. Mentoring takes a long time to show results, but seeing my colleagues grow and develop their experience is very gratifying.

 

What are the challenges associated with managing feasibility studies for precious metals projects?

Many study teams lack a clear idea of the study objectives and lack direction on the important features of the study and the outcomes required. For example, a pre-feasibility study is the opportunity to assess trade-offs relevant to the project and determine a project Basis of Design before conducting a costly feasibility study (where the focus is on detailed design of all project components). It is also the time to optimize the project to achieve the goals (perhaps maximum value, minimum capital cost, maximum reserve etc).

Precious metals projects have their own set of challenges. I think they are most prone to public expectation and the temptation for being “fast-tracked” to achieve a certain window of development opportunity. Early conceptual plans are prepared on limited data and for low cost, but often form the basis for early release to the public, sometimes with much fanfare, only to find that more rigorous study does not support the expectations already made public. This can force the project team to confirmation bias and a “making it feasible” approach, rather than satisfying the key question “Is it feasible”, and then developing an optimum solution.

 

What are the most common types of issues that arise during a feasibility study for precious metals projects and how do you help resolve these swiftly?

The Feasibility Study stage is usually the most expensive, where the focus is often on the infrastructure and plant equipment design, cost estimation and financial analysis. However, analysis by AMC over the last 20 years showed that around two thirds of project failures are due to: poor resource estimation; poor mine design and scheduling; or poor metallurgical testing and scale-up. So it seems to me that we should be focussing our efforts on collecting reliable data in these areas and then developing a robust Basis of Design at Pre-feasibility stage before moving to Feasibility study.

An Independent Audit of a Feasibility study, and the underlying data, is an essential check on the study logic and provides a useful “circuit-breaker” enabling problems to be highlighted and discussed before a final commitment to the next stage.

 

Over the years, which would you say has been your most successful and rewarding project, and why?

 Probably the Pre-feasibility study for Cannington Silver and Lead Mine extension. Two AMC teams studied, in parallel, open pit and underground mining methods for the same orebody. My responsibility for the Open Pit area encompassed surface hydrology, ground water hydrology, geotechnical, and environmental factors, as well as mining. The company chose the underground option to take forward for further study and ultimate development. While it wasn’t the open pit option, I felt satisfied that the options were well-researched and the grounds for development were sound.

 

Is there anything else you’d like to add? (OR something like: What is your message to our readers about the mining industry?)

 The mining industry is certainly becoming more global and I think we will see increasing mobility of people and companies. This provides a great opportunity for us all to take advantage of improvements right across the global mining industry. Thus, we all need to be alert for these opportunities as they arise.

 

 Website: www.amcconsultants.com

 

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram