Earning, Not Mining Cryptocurrency
The mass market for cryptocurrency mining is not without problem and features tall financial, technological and intellectual hurdles. Luckily, there is also a solution: Virtonomics and its VICoin offering. Anyone can earn this cryptocurrency with no mining experience and expertise involved. Virtonomics is a long-standing renowned project with great publicity, both in the media and scientific publications, and ranking among most popular multiuser business simulators worldwide. Virtonomics is founded by Sergey Menshikov, Russian entrepreneur and businessman, one of the key persons for the development of forex market.
CRYPTOCURRENCY = BLOCK MINING + RESULTS OF PURPOSEFUL HUMAN ACTIVITIES, UNDERSTOOD BY AND COMMON TO A LARGE NUMBER OF PEOPLE
Block mining as a way of earning cryptocurrency is still very much the preserve of technology geeks. Today, by far the greatest number of people lacking specialized knowledge of blockchain technologies and the cryptocurrency economy is effectively barred from the mining market. “Industrial”-sized mining farms pay industrial-size electricity bills, with no possible return on investment.
The big volume of fairly specific expertise required for understanding blockchain technologies, the nature of the cryptocurrency market and the ways of gaining from it sets insuperable intellectual and technological obstacles preventing the cryptocurrency from becoming a truly mass instrument based on activities understood by and familiar to the overwhelming majority.
Aiming at providing a massive scale for generation and use of cryptocurrencies, Virtonomics divides the process of token earning into two fundamentally different processes: first, mining as the technological process of generation of cryptographic blocks, too complicated for most people to understand; and second, digging as the activity which is meaningful and comprehensible for the general public and delivers the foundation for generation of tokens and awarding them to people based on the results of their operations. In the Virtonomics system, the activity is referred to as “digging”.
A TRULY MASSIVE-SCALE CRYPTOCURRENCY IS THE RESULT OF COOPERATION OF MINERS AND DIGGERS
Digging is the creation of virtual assets enabling the operation of production chains in the business simulation, for example, virtual coal mines. VICoins have the edge: they are not minable even with unlimited utility resources, for it is only possible to obtain them by comprehensive activity. Registered users can pay for digging units only in VICoins at Virtonomic$ marketplace.
What makes us deem the implementation of this principle important for the active and large-scale development of the cryptocurrency market? For one thing, the total number of people with even superfluous knowledge of blockchain technologies, mining, cryptocurrencies and their mode of operation accounts for no more than 0.01% of the global population, while the share of people having at least a general idea of economy, business, management and entrepreneurship stands at 20%. To make blockchain technologies and cryptocurrencies truly large-scale, one needs to give people mechanisms of earning cryptocurrencies by means of a process that is much more familiar and understandable.