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‘Bitcoin Tycoon’ lets anyone experience the joyless grind of crypto mining

By Jayce Wagner Published October 28, 2020

Bitcoin Tycoon — Image used with permission by copyright holder

Remember Rollercoaster Tycoon? Imagine a game like that, but instead of building a theme park full of thrilling roller-coasters and awe-inspiring attractions, you decorate a basement and fill it with Bitcoin mining equipment. That is what you get with Bitcoin Tycoon, a tongue-in-cheek Bitcoin mining simulator from independent developer 99 Game Studio.

“The early access version will contain a basic mining system, which includes PC building, hardware store and a mining pool. Later on, we may keep working on hardware, running an exchange website, and cloud mining builds,” the developer states on the game’s Steam page.

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In Bitcoin Tycoon, you play as a person who jumped into the cryptocurrency market in early 2014, when things were moving quickly for early investors. The protagonist learns knowledge from “elders” and grows to understand the bitterness behind bitcoin mining, according to the developer’s synopsis on the Steam store. Not only do you get to build a crypto mining setup, but it appears you’ll be able to customize your hardware, and maybe even join different mining pools.

Bitcoin Tycoon 2 — Image used with permission by copyright holder

There is not a lot to go on here, but that is partially because the game is still in Steam Early Access. Very Early Access, it seems.

“Due to some issues with time and cost, we have to publish the early access. We apologize that this game is not well-polished, can only be called playable, but please be kind to an early access game, we are still working on it,” the developer states on the Steam page. “Currently, we are halfway done of the system design. We don’t have a save/load system yet, which is a pain.”

Clearly, the game is in its infancy but could shape up to be a fun look at the sometimes grim realities of industrial-scale Bitcoin mining, especially at its early peak back in 2014. Bitcoin Tycoon is currently in Early Access and it looks like you will be able to get your hands on it in May. Whether or not it will actually teach you enough about crypto mining to give it a go yourself remains to be seen. From what we can tell, it might serve as something of a cautionary tale.

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Former Digital Trends Contributor

A staff writer for the Computing section, Jayce covers a little bit of everything -- hardware, gaming, and occasionally VR.

Computing

How to mine Bitcoin

Graphics cards in a crypto mining farm.

If you want to know how to mine Bitcoin, you can take two different steps: Go through a cloud mining company, or buy and use purpose-built hardware. We'll look at both options and why, though neither is cheap, cloud mining represents the safest investment for your money.

Remember, research is essential! As for buying Bitcoin or altcoins, you need to be aware that nothing in the world of cryptocurrencies is guaranteed. Any investment could be lost, so make sure you do your reading before pulling out your credit card and have a secure Bitcoin wallet standing by. As with all of our cryptocurrency coverage here on Digital Trends, this should not be considered financial advice.
Mining vs. investment

Computing

What is an ASIC miner?

best bitcoin miner admin ajax2

Cryptocurrency mining used to be something you could do easily, but those days are long gone. Today, whether you’re mining Bitcoin, Litecoin, DASH, or a host of other cryptocurrencies, the most effective way to do so is with dedicated hardware known as an ASIC miner. And even then, it's only really for professionals with masses of capital to invest upfront.

What is an ASIC miner? Short for Application-specific integrated circuit, the underlying ASIC chip is typically designed with a singular purpose, like audio processing or managing a cellphone call. In this scenario, it's designed to "mine" a specific cryptocurrency.
What an ASIC miner actually does
In a nutshell, mining is running complicated calculations in the search for a specific number. Whether it's an ASIC miner or a GPU mining rig, mining hardware must run through many calculations before finding that number. In proof of work systems like Bitcoin, the first one to find that number gets a reward -- at the time of writing, 12.5 Bitcoins worth around $96,850. That reward will fall to 6.25 Bitcoins in May 2020.

Computing

How to buy Bitcoin with PayPal

Buying Bitcoin is much easier today than it was in the past, but it would still be easier if you could just use your Paypal account, wouldn't it? It turns out if you try to do that, it's a bit more tricky -- and much more expensive.

One of the main reasons why it's difficult is the potential for chargebacks. Major exchanges won't allow PayPal transactions because it would be too easy for people to buy Bitcoins, then use PayPal's support system to chargeback their purchase and receive their original purchase fee back. That would be an improper and fraudulent way to buy Bitcoin -- even when using the services below -- so it's not encouraged in any manner.