SPENCERVILLE — It all began four years ago when a web search inspired Gregory Robinson, of Spencerville, to become a bitcoin liaison.
For years he had worked from home, but none of his jobs compared to the revenue he brought in each week from bitcoin, a cryptocurrency and worldwide payment system.
Through mining the bitcoins, a free way of retrieving the cryptocurrency through the internet, he made anywhere from $5 to $25 on a bad day and as much as $250 on a good day.
“It’s not easy and you’re making your computer vulnerable to viruses, but its free money,” said Gregory. “It’s a great side job.”
Bitcoin was created in 2009 by Satoshi Nakamoto as a way to fix the economy crash of 2008. It began as a digital payment system similar to Paypal.
Users start by making their own bitcoin wallets on sites like blockchain.info, coinpot.co or coinbaise.com. Once users create their wallets they can buy and sell bitcoins all over the web. The currency is measured in Satoshi — 5,440 Satoshis is approximately the equivalent of $1. If users choose to convert bitcoins to dollars, they can create a Bitpay debit card which will allow them to buy items off websites like Amazon, Walmart, Subway and many more. One of the benefits of using the Bitpay card is that there are not any charges or fees, according to Robinson.
The biggest benefit of using bitcoins is gaining capital to open up a business, according to Robinson. Throughout his four years of mining, Robinson earned enough capital to start his own marketing research company called Great Value Marketing.
Through his marketing company, he not only promotes and advertises the benefits of using bitcoin, but he also spends time training first-time users.
“I want entrepreneurs to gain the confidence that they need so they can be successful and make money too,” he said.
Robinson wants people to know anyone can use bitcoin, and he hopes more and more people will reap the benefits of using the cryptocurrency.
“Using bitcoins will create a new income of revenue training,” he said. “If you are into stocks and bonds you invest your money into other sites and if you do it as a hobby it pays and it’s free to do.”
Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews