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Vicoprevider We've covered two different instances recently about the need for Bitcoin in gaming economy: the first has shown that Bitcoin is actually improving the value of gaming and second has shown that many gaming companies are embracing Bitcoin as a payment processing and settlement method. Now it's time to see where this is going and how it's to impact the Bitcoin gaming industry.
First, the gaming industry: it's easy to look at one or two of the top titles on Steam with Bitcoin payments and think it's a sure-fire recipe for massive profit and, perhaps, explosive growth from gaming enthusiasts and gamers in general. Unfortunately, though, the data doesn't quite support that.
The following image shows top-sales ranking of two Steam games with Bitcoin payments:
When looking at the first list, games on list are clearly not selling a huge number of Bitcoins and it is difficult to tell if there is any correlation between the two. They're both well-known titles and they are both still active. If you look a little closer at the second list, more interesting things start to come light:
The following image shows growth of Steam sales two games with Bitcoin payments and their exchange rates:
The games on this list all appear to have seen a pretty good amount of sales growth. It's obvious that Bitcoin payment options have made it easier for gamers of all levels to spend their bitcoins on games. However, none of the games on this list saw their exchange rates increase by a larger or greater rate than the overall Bitcoin rate. If anything, it seems to be the case that Bitcoin has actually slowed down as a currency from gaming players' wallets.
That is to say, the games on this list all have remained relatively consistent throughout the year with an Exchange Rate around $0.04 USD per BTC from the beginning of 2012 until late February 2013. Now let's take a look at the second list which also lists a few games from different categories. The following image is a chart showing the price of a game with Bitcoin payments and its exchange rate:
The majority of games on this list did not see a consistent amount of price increase between the time they were sold and the present date. biggest jump seen by any of the gaming titles was by Diablo III's digital download version, which spiked by approximately 20% after launch. However, the price of Diablo III's Standard Edition increased substantially less than the price of Diablo III's Limited Edition. For example, the Diablo III Standard Edition is valued at a little over $25 USD and the Limited Edition costs over $70 USD. In other words, Diablo III's price is about one-third of the price a copy Diablo III's digital download.
That being said, the next chart represents what could very well be the Bitcoin gaming industry's greatest growth driver which we're calling "Gamers and Developers as Customers". If you
venlafaxine dose uk look at the image below, green line represents the value of games on this list.
The green line on this chart doesn't represent the percentage increase of exchange rate, which would likely be much smaller. The green line represents value
overstock drugstore free shipping code of the games on this list based the purchase of a copy Diablo III's Standard Edition. When looking at the exchange rates of these two games, you can see how the value of their standard edition could increase much more than the value of Diablo III's Limited Edition, even though the standard edition has a much higher cost. That said, what may be interesting to see is that the price of Diablo III Digital Download could
coupons for venlafaxine er 150 mg actually be decreasing. When looking at the price of a Diablo III Digital Download, it seems like some developers or consumers looking to purchase a digital game may choose to wait and purchase a physical copy of venlafaxina generica en mexico Diablo III and then trade Bitcoin/USD for that physical copy. will be the end of story for exchange rate, though.
Once you look a bit closer at the data from second chart, it's clear that the growth of Steam payments to digital games is increasing at a steady pace while the growth in cost of a digital game is decreasing and has remained at a steady rate of approximately 3% year on for the past 3.5 months. From chart, it is obvious that a lot of.
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Pingback by How To: Little Library Card Notebooks, Packagery Guest Post | Handmade Spark — September 8, 2010 @ 10:32 am
[…] Packagery shows you how to make a little library card notebook. […]
Pingback by Fun Stuff Friday: Week 3 « Writing in a Digital World — September 17, 2010 @ 12:46 am
Thanks so much for this great tutorial! I made some very cute lil notebooks and linked back to you :)
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Comment by Kate — October 18, 2010 @ 3:54 am