 |
| Gold Activities |
In GoldenTowns, players are exposed to a variety of ways to obtain gold. Either by exchanging goods in the market for gold, selling your workers for gold, selling your army, selling your shares/bonds, selling referrals for gold, buying gold from a gold trader and lastly by mining gold just like the way you collect goods from your production buildings. (If I do miss any ways of obtaining gold, please feel free to correct me by contacting me through the contact form and I will correct it asap, thank you!)
However, unlike the production buildings, the resources required is dependent on the amount of gold that has been mined for the past one hour of global gold mining activity. GoldenTowns came up with a system that automatically adjusts the amount of resources required to mine gold in order to set a balance for capping gold mining activity (specifically, if three gold is mined before an hour has passed, the resources required would be increased by 25% and vice versa, a decrease of 25% of the resources required if it takes the community longer than an hour to mine three gold.). So in other words, the more resources you have, the better chances you have in partaking in the gold mining activity each time since the amount of miners would increase day by day as more players join this game!
Though it may seem rather clear cut on how to obtain gold by mining, the journey to get a gold mine up and running is not so simple! In order to build a gold mine, you will have to ensure that your town's happiness is at least a certain percentage. (50% as stated in the website for now.)
And just like building a gold mine has its restrictions, the other ways of obtaining gold has its own restrictions too! Here are the summaries on restrictions for each different way of obtaining gold:
For selling your resources for gold, your town's happiness level would have to be 60%!
For selling your worker for gold, your worker's life span has to be above 30 days!
For selling your army for gold, your army's life span has to be above 30 days as well, along with the restriction that the army has to be in town!
For selling your shares/bonds for gold, you would need to have gold to buy them first in order to sell them!
For selling your referrals for gold, your referral has to be at least level 3!
For buying gold from gold traders, you would need real life money, isn't it obvious!?
For mining gold, you would need a town happiness of at least 50% and all the resources that is required to build the gold mine and the mining fee! (As of 11th of September 2013, I personally found out that there was no restriction on the percentage of happiness in order to mine gold! I have confirmed that this restriction was lifted by GoldenTowns for now.)
And even if I have just listed the summary of restrictions, there are still tons of restrictions restricting those restrictions!
Lightheaded now are we??
I will try to update this page with more details in regards to obtaining gold whenever I have more information on hand, so stay tuned for those updates!
Detailed Gold Extraction Process
As we mentioned before, the virtual gold in GoldenTowns is limited to 100.000 coins and is distributed to towns at a constant pace. Initially, the entire amount of gold lies in a fund, called “the mining fund”. This fund provides miners with around 3 gold / hour to be “extracted”. The fund permanently adjusts the extraction prices in order to maintain the 3 gold / hour pace.
After every 3 gold extracted, the duration in which they were extracted is analyzed. If the duration exceeds 1 hour, the extraction costs are automatically reduced by 25%. If the duration of the extraction is less than one hour, the extraction costs are automatically increased by 25%. Until the final 3 gold have been mined, the fund stops generating additional gold. To see in detail the miners’ activity, as well as other details, go to the “Gold” page. The first section displays the available amount of gold, the extraction costs and the miners’ activity (the fig. below).
 |
| Fig. 1 |
-- 1. The current gold balance (out of the 3 gold delivered)
-- 2. The necessary resources to extract 1 gold
-- 3. The miners’ activity for the past hours
Remember that there are minimum costs for the extraction of gold, established at 100 vegetables, 200 meat, 300 wood, 400 iron, 500 stone and 600 clay. The extraction price cannot drop below these values even if a 3 gold deposit is mined in more than one hour.
Players are distributed in the virtual countries according to their location in the real world. Under these conditions, certain countries will have a very small population and equally low budget incomes. In order to help the budgets of small countries, each 3 gold deposit is associated to a country. This means that with each gold extraction, the budget of the respective country receives 10% of the extracted quantity. The association of countries takes place at random. Approximately every 10 days a country will be associated to a 3 gold deposit, but everything is left to chance.
FUND ACCOUNTING
In addition to the fact that it provides miners with gold, the mining fund also makes collections. Collections come from selling assets or citizens. Immediately after you conclude a process, you will pay in gold a certain amount that will be added to the fund. Basically, the fund distributes and collects gold from players in an infinite cycle. If the amount of gold in the fund drops below 25.000 gold, the fund will reduce the amount of gold made available for miners. This stage cannot be reached earlier than 5 years from launching the game.
In addition to the sale of assets and citizens, the fund owns 10% of the aggregate government bonds and 10% of the aggregate shares of the cities, that is the entire amount of bonds and shares which can be made available for sale. The fund will collect dividends in gold and be able to sell shares / bonds.
In order to see the list with the fund’s transactions, go to the “Gold” page, “Accounting” section. The page below will be displayed.
 |
| Fig. 2 |
-- 1. The current balance of the mining fund
-- 2. Click to visualize the list of assets and the most recent prices
-- 3. List of the fund’s collections / expenses.
GOLD OWNERS
In the “Gold owners” box you can see the list of players who own gold in descending order of the amounts. Still on this page you will the total amount of gold available for trade, excluding the deposit certificates (the fig. below). The sum displayed here, added to the sum held by the game fund, must never exceed 100.000 gold. When you make a deposit certificate, the sum in gold shall be withdrawn from circulation.
 |
| Fig. 3 |
-- 1. The total amount of gold available for trade
-- 2. The gold owners’ chart
DEPOSIT CERTIFICATES
A deposit certificate represents a code that you can use to pad an account with gold. The code comprises 12 figures, in the xxxx-xxxx-xxxx form, and must be provided so that the account may be padded with gold. Certificates are ideal for those who wish to make long-term investments in gold or play for small periods of time. Even if your account was long deleted due to lack of activity, you can at any time use a certificate to refuel the new account. Certificates have predefines values of 5, 10, 25, 50, 100, 250, 500 and 1000 gold..
You have to be very careful about how you manage and keep the code from a certificate. If you lose a certificate, there is nothing you can do. We do not store in our database the certificate numbers. We only store an encrypted and impossible to decrypt form of the number. To be able to recover the money, we need the certificate number. Certificates are issued to bearer and anybody holding the number can recharge their account with gold.
In order to constitute a certificate, go to the Gold page / Trade / Certificates. In the upper part there are two buttons. The left one allows the construction of a new deposit. The one of the right allows you to liquidate a certificate.
To turn a deposit certificate into gold, go to the Gold page / Trade / Certificates. In the upper part there are two buttons. The left one allows the construction of a new deposit. The one of the right allows you to liquidate a certificate. Insert in the box on the right the certificate number and click on the “Liquidate” button. If the number is valid, you will receive the equivalent of the certificate in gold.
Deposit certificates can also be traded. To see the certificates made available for sale, go to the Gold page / Trade and select from the submenu the “Deposit Certificate” section. Here you will see the list of the certificates made available for sale. Only gold traders can sell certificates.
Post a Comment
Post a Comment