Post
Topic
Board Beginners & Help
Re: Using a minimum wage job to earn BTC? Is it worth it?
by
wachtwoord
on 18/06/2014, 11:45:30 UTC
It seems to me that the most efficient way to earn 1 BTC for the average individual is to participate in a minimum wage job and then directly convert the fiat produced into Bitcoin by dumping it on an exchange. If the minimum wage job nets $10 an hour and you participate for 12 hours a day, you should (if my maths is correct) have 1 BTC in five days. Shocked If 12 hours a day sounds too extreme, then I'm guessing you can adjust it so that putting 2 hours towards it everyday should be able to get you up to 1 BTC in 1 month flat, etc.

Has anyone here tried this method before? How easy was it? And how would this compare to say, using faucets or other methods of earning BTC?

Yes, your math is right, and many of us here have bought btc with fiat (part of our wages, or part of our savings which was accumulated from wages).

A side note is that, the minimum wage can be a lot lower, in less-developed countries.

Or higher, in more developed countries Tongue (that was a joke, I didn't mean that. I'm not a fan of minimum wages at all)