Earn Bitcoin: How to Earn Cryptocurrency (BTC, LTC) with your Links without Mining
With all the buzz around cryptocurrecy these days, it's no suprise you want to earn in bitcoin, or at least, acquire one. At the time of this writing, the price of Bitcoin stands at USD54.84k. Which means to aquire 1 token of BTC you need to part with your USD54,839.20 at the middle of a pandemic in a highly volatile market.
Of course, you can still try your chances in mining, but you will require a bitcoin mining rig which will require at least, a USD30,000 investment and you will still have next to zero chance of aquiring a bitcoin.
Even with the best ASIC miner, it is almost impossible to gain Bitcoin today. A single machine can´t compete with many large mining farms all around the world and mining Bitcoins on your own isn´t always profitable. You will need to cooperate with other miners in so-called mining pools.
Miners provide their computing power to a group and when Bitcoins are mined, the gain is divided among members according to a given power. The income is lower but regular. However, members of a pool have to pay a fee to an operator of the pool, the price of fees is usually around 0 and 2% of the received reward.
It's not all gloomy from here, you can still earn bitcoin without mining or acquiring a token.
How to earn bitcoin without mining
Relax, you can still earn bitcoin today without spending a dime. If fact, you can earn bitcoin simply by making your long url shorter. Cuturl and 1ink provides url shortnening services that allows you to earn satoshi (lowest unit of bitcoin) when you shoten and share a link.
Shorten links, earn bitcoin
If the idea of a shortened random link rewarding you with bitcoin sounds crazy, here is a few things to help you get started.
What is a URL shortener?
A URL shortener is a tool, a software or a website that can shrink and trim down the long URLs (the plural form of Uniform Resource Locator), track links you share and provide you detailed data and analysis of these links. The principal aim of a URL shortener is to keep long web page addresses into short ones that people can easily remember.
Meanwhile, URL shortener acts like an intermediary between the original web page links and the link that you’re supposed to paste or compile in targeted posts, social media platforms, blogs or articles. The URL shortener will also keep connections between the raw URL and the new link by the act of redirection. That means that anyone clicks a link that tackled with URL shortener will firstly visit the URL shortener provider, and then the original web page link.
3 uses of URL shorteners
When speaking of the usage of URL shorteners, we usually mention 2 uses.
- Shrinking URLs. When you want to share something by texts on social media platforms, you can directly past the URLs of the web pages that you want to share. But, these links are too long, making people think of spam information. Thus, by using URL shorteners, you can make these URLs much more neat and shorter.
- Track Links and URLs. There’re many ways of making money online and affiliate marketing is one of them. But it is difficult to track these links and URLs you share on your blog posts, articles, and social media platforms. Yes, of course, you can install some plug-ins or use some software to track these links, but many of them are paid versions. What’s more, you won’t know which affiliate link or referral link your affiliate revenue comes from.
A URL shortener can solve the problems that we just mentioned. URL shorteners can create beautiful links and help you track these links. And you will see the data analysis of your income and traffic on these URL shorteners.
- Hiding URL. When you click the disguised URL tacked by the URL shorteners, you will never know where you will be redirected to. Thus, some will take advantage of this feature to hide URLs.
Where does your bitcoin come from?
How does Cuturl and 1ink benefit from the links you share? This is an internal issue that outsiders often don’t know. But let’s make some speculations here.
- Ads: Advertisers place their ads on Cuturl and 1ink service providers. When people click on your shortened links they are shown this ads and asked to wait for 5 seconds before proceeding to the original url.
- Gathering and selling data: Cuturl and 1ink can also make money by collecting, analyzing, remaking and reselling industrial data and statistics about those websites that value the results and insights.
- These URL shorteners can also get an overview of what kind of URLs are shortened, who made clicks on their platforms when the users clicked their sites, and other demographics saved via cookie tags.
Start earning in satoshi
- Create a free account on Cuturl or 1ink.
- Enter a link in the box and click on the "Shrink Url" button. You can shrink links to interesting YouTube videos, or a trending news story. Whatever to get people clicking.
- Finally, share your link with your friends, on your social media or blog. Watch your satoshi grow.
- When you have reached 1000 satoshi, you can withdraw to your bitcoin wallet. 1ink will let you withraw you satoshi in both bitcoin (BTC) and litecoin (LTC).