Hello! If you've been using SimpleBits, you must be aware that they have updated pretty much everything in the last few months. If you thought earning was easy then, you should check out how it works now!
What is SimpleBits and what has been updated in the last few months? SimpleBits is a unique mining simulation game that earns you cryptocurrencies. Over the last few months, they have launched what is now dubbed as the Simplebits Version 3.
Let's start with the currencies, i.e., Tokens and Bound Tokens.
You get Tokens from Faucet, PTCs, Shortlinks, and Offerwalls.
Bound Tokens are what you either earn from mining or convert from Tokens with a 1:1 ratio. Bound Tokens are also what you use to withdraw.
The exchange rate for both is very very straightforward. 1 Token = 1 Bound Token (Minimum 1000) and 10,000 Bound Tokens equals $1.
Now, the fun part. The mining. It doesn't actually cost anything to mine in Simplebits. All you've got to do is choose a mining block (Bitcoin/ Ethereum/ Litecoin) and spend the energy that you have, in the block. Energy replenishes itself with time and you can use whatever energy you have to mine.
You earn directly in Bound Tokens, which you can withdraw when you've reached $1. (Withdrawal is available for LTC, DOGE, DASH, ADA and BCH at $1 and for BTC at $7)
If you're interested in knowing more about the mining process, comment below. Or comment if you have any questions. Making Crypto online has never been easier, trust me.