What is it about?
„Virtual Mining“ is a game unlike any other currently found in the BTC community. In contrast to most other games VM is neither a gambling site, nor a Ponzi scheme to give most money to only a handful of people. In VM every user has the chance to make the same amount of money, no pyramid anywhere.
So in just a few words – what is VM?
As the name says: Virtual Mining is virtual mining.
It seemed to become sort of a trend to spawn new forks for fast pump and dump. This lead to some serious opportunities to make money but It always had an impact on the BTC network since it had drawn computing power away from the real network. Also most of the chains were rather short lived. So this game is meant to put this on a different level. In VM you are meant to create virtual rigs and point them on virtual forks, here called “chains” (short for Blockchains). As of now there will be up to 5 parallel chains around and everyone can mine with as many virtual rigs on those.
As in real BitCoin you earn coins from mining which can be traded for Bitcoins on the site’s exchange. Therefore this game is basically a virtual *Coin network.
So what are the rules?
Currently the game is running in a testing phase – therefore all of the rules are negotiable, except the one about cheating
- Every user may “Buy” as many mainboard, virtual asics and other hardware components as he wants.
o A mainboard has a fixed number of card slots
o A virtual ASIC cannot be upgraded with vGPUs nor does it need a mainboard to be attached to
o vGPUs and vASICs speeds are taken from real life values where possible
o The amount of Devices available is limited depending on the devices real life availability (a 6990 is less available than a 6850)
o Users are able to sell their devices on the "flea market"
- Users can create new Chains
o There can be a maximum 20 parallel active chains
x A chain is flagged inactive after 24 hrs. if no one is mining it anymore
x A chain is deactivated (unminable, 48hrs after flagging inactive)
x Every new chain costs 0.125BTC for every Chain already in existence. The first one is free, the 2nd costs 0.125, the third 0.25 and so on..
- Users can create Pools
o As of now pools are unlimited in size
o A pools founder can set any fee he wants as long as it is less than 25% (to prevent cheating).
o The chain a pool is mining can be set at any time.
o Pools always pay proportional
o Users NOT on a pool mine SOLO
- Deposits are handled with a unique address every time.
o A deposit is “valid” and added to the account after 4 confirmations.
o There is a small fee of 0.01BTC on withdrawal. This is to keep the server alive and cover transfer costs.
- “Cheating”
o “In theory, as the service operator, I could keep the bitcoins for myself. I'm not going to do this, but I completely accept that people do not trust the service operator. It is their freedom of choice, and Bitcoin is about freedom.” (slush)
Website:
http://www.virtualminer.euScreenshots:
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