UPD. !!! — MINING GAME IS HISTORY — !!!
While Cointiply is offline…
Cointiply Mining Game: Passive Income – Myth of Reality?
(SPOILER) Truly “passive” income might be possible if the following conditions are met:
(note: “passive” means “0 effort on your behalf”; in this case we examine a scenario where, following an initial investment and some preparation, we set up a system where we either forget about the existence of Cointiply for almost four months = maximum hardcore; or log in every once in a while to withdraw the funds and, maybe, roll the roulette = medium hardcore)
– all profitability/building/rebuilding spreadsheets studied and applied to individual circumstances
– the user is gifted with the ability to realistically evaluate the amount of time he/she will be able to dedicate to the Game (gem acquisition stage), maintain a zen state of mind (during the passive stage) and
read the works of Marcus Aurelius stoically accept the fact that that $1 per day, a result of hours spent letting Big Brother know every detail of what you did last Summer tapresearching… has a life-span.
– think of referral income as a pleasant bonus; do not factor referral income in the equation.
– think of “bonus from mining pool” as a, well, bonus. Which, (surprise!) diminishes if a user stops re-investing. Dropped down a few ranks? Goodbye 8 Bonus CpH; Hello 6 CpH!
– calculator app at hand, common sense app opened, basic game mechanics understood, subscription to DMYF guides/tips/tricks activated (joke)
– enough Gems to afford “rebuilding” the purchased “real estate” from 0% to 100% post-expiry
– “auto-spend on“, enough Gems to maintain Efficiency at 200% 24/7.
(rough example: a mine generating circa $1 a day needs 5472 Gems to maintain 200% Efficiency)
– (theory) Method:
Step A: repair all buildings to the max
Step B: calculate total repair cost at expiry
Step C: seize the moment when GpC is circa 25 and grind a few $10-15-worth of assignments (our “Earn More, Work Less” series might be handy) and/or get ripped off at the Marketplace.
Step D: pray: may Cointiply feel the divine wrath should they release another patch…
Step E: After the end of the first cycle, log in, rebuild (using previously stored Gems) and count the profits.
Step F: Either deduct the cost of full Rebuild and calculate the actual “passive income“, or collect the Coinses and forget about the Game.
Summary: our stance on the Mining Game is well-known. Despite its mathematically inevitable impending doom, we must say that the Game is an ambitious project incorporating both successes and fails. We kept repeating that a guaranteed way to profit from the Mining Game is to use it as a Gem faucet.
The Rebuild Calculator (all credits go to its creator who took time to form an incredibly useful spreadsheet) is an invaluable tool, offering proof that a mine’s profitability is heavily affected by the GpC rate in the long run, –
should Cointinply decide to close shop…
On a good note: as long as GpC rate is reasonable, the mine will keep generating Coins for months.
Calculator – download link.
(copy-paste the spreadsheet to be able to edit the figures)
Playing around with numbers will develop understanding of the rebuild system and will give users an idea as to when Gems should be stockpiled or spent.
Disclaimer: we believe that the mining game is a risky enterprise. It is unsustainable in the long run, – Gems or no Gems, – its longevity is determined by the influx of new users. The game is time-consuming, addictive (the “reinvest or withdraw” dilemma is ever-present) and “shady“, – “unknowns” such as Cointiply’s plans and the state of their balance sheet can and will impact the future of users’ “investments“.
Saying that, – so far, so good. As long as external deposits are not allowed… the “mining” goes on.
* If possible, avoid purchasing Gems on the Marketplace. Marketplace activity brings GpC rate down!
* Monitor the GpC rate.
* Do not get addicted/emotionally attached to your mine. Before re-investing the Coins it yields, imagine a scenario when GpC rate could be 4:1…
* AVOID COINTIPLIER!!! Word around town – Cointiplier is rigged. We can neither confirm nor deny the rumours, – however, our stance remains the same: a faucet should be a faucet and a casino should be a casino.
A user can’t help but want to gamble the earnings away? Likes the game’s design? Personal choice. At the very least, have a look at Cells and Hacker offered by LuckyGames. Save your Cointiply earnings,- Lucky Tokens are free and Lucky Games has an immaculate reputation when it comes to fairness,
Sounds like we are trashing Cointiply and advertising Lucky Games? Nope.
We have been following Cointiply since its “birth” and we are exploring and testing Lucky Games for months. Our Cointiply reviews have always been mixed. Each time we publish an honest, balanced, yet negative report, we risk getting banned from the faucet, losing a source of income, however insignificant it is.
DMYF is an independent entity, free of sponsors and affiliations. Authors’ opinions are subjective, yet sincere. Is earning money to gamble it away on the same site idiotic?.. Is quoting dozens of users’ posts a crime? Is recommending a service which we are testing ourselves to publish an honest review unethical?..
Rhetorical questions are rhetorical.
P. S. If possible, we ask our readers to refrain from gambling. Otherwise, may Lady Luck always smile.
P. P. S. Cointiply has one truly great feature: faucet earnings are tied to fiat, thus withdrawing earnings = purchasing Bitcoin or Dogecoin. Users’ earnings are safeguarded against cryptocurrency market fluctuations. Is gambling away funds wise, when the earnings can be used to purchase BTC which might return to its former glory?