There is a new online game on the Internet called “Bitcoins Mining Simulator”. What is this? Is it a scam? Who is its target market? Let’s find out.
Bitcoins Mining Simulator is a game on the web site of a company called Cryptogenic Systems. The game itself is not an actual game, although it does have many characteristics of one. It uses a virtual “mine” of bitcoins (the currency in use in Bitcoins), and it simulates the difficulty of actually extracting these from the “mine”. In other words, it tries to make you spend as much time as possible learning how to do this.
When I downloaded the demo, I spent about 15 minutes just checking the various options that were available. The first thing I noticed was that the game gave me several fake options. I thought perhaps this was a mistake, but the next time I loaded up the game it was a different option. On each page of the menu, there was a new fake option: “Start Mining.”
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Then, at one point, I was asked to input “0” and press. I was given a choice of two selections: “cartridge” and “cow.” After pressing “cow,” I was instructed to “click.” Finally, I was asked to “fill the hole.”
After I clicked “fill the hole,” I was instructed to “get started.” Again, the screen was busy with options. Next, I was shown a list of three possible starting machines. One of them was very low quality. I selected the one that was high quality and clicked.
At this point I was presented with three bars that were all labeled “ready to start”. But they were not really simulated mining processes. They were simply representations of things that could happen.
Near the bottom of the screen there were two buttons:” refuel”, and “yet another button.” I turned these buttons on and then turned them off. When I clicked “refuel” the machine worked and gave me three bars to fill. When I clicked “another button” it repeated the same process as before.
The bottom line is that Bitcoins Mining Simulator is not a simulator for actually mining with Bitcoins. But it is rather an enjoyable way to pretend that you are going to be mining with Bitcoins. And in fact, the instructions in the game provide you with a good way to practice that. I recommend playing around with different settings until you find the right one for you. Try not to use real cash though; you don’t want to get scammed.
Before I explain how the simulator works, I want to let you know how it works. Essentially, you have created an account at the main site and/or at a virtual “banking” service (you can find these online). On the left-hand side there is a space where you can put in a fake money amount. There is also a place on your screen where you can put in an amount of your own virtual money. When you click “resume mining” on the toolbar, the simulation process begins.
Once you have set up your account, you are able to start the simulation. What happens is that the Bitcoins Mining Simulator starts to gather transaction fees from you and broadcasts them to every single miner on the network. Every time a transaction happens, the fee you are paying is added to the total amount of money being mined. Over time, your account will start to build a modest but steady income. Eventually, you may decide to try out a real Mining Simulation session and see what happens.
The way this works is that you basically create an imaginary money amount in which you will deposit into your virtual bank account. You then decide how many virtual “real” currencies you want to simulate. You can do this as many times as you like until you have simulated enough of them to have created a completely realistic financial environment. And if you want to try it out for free, that’s perfectly fine too.
In addition to creating money in the simulator, you are also able to see what happens when you do actually mine those virtual currency units. This is important because it lets you get a real feel for how the process really goes. It also lets you see what kind of fluctuations you should expect in terms of price and volume. Plus, it can give you a good idea of what it would be like to try out a short sale if you were the person who mined the Bitcoins instead of a broker or agent.
If you’re looking for a great way to learn more about the fascinating world of online virtual money, the best way to do it is by using a Bitcoins mining simulator. These websites let you use their information tools to help you learn more about the process and how it works. You can learn about the various ways in which it can be mined and how much you could stand to make if you were to try it out for yourself. Plus, there are no fees to use these simulations – they are completely free. And they can make you a much better investor than you might have ever been otherwise. They also offer a great way to try your hand at the trading process without having to invest any money or put any real money at risk.