My City Overview
Starter City Investment Experiment
I started this city based off some great posts from ecoinstant. After starting dCity and feeling like I could never earn anything given the prices and tax rate, I decided to give a shot of creating a low cost Citizen Mining to drive income. Here is the city I built that gave me the best chance (30%) to get a new citizen daily, and a 1% chance for a background.
Here is my initial investment 87 Cards, 15,174 SIM
Not too bad , just over 15k SIM to give me a pretty solid chance at getting a few citizens a week. Given the prices of citizens, there is a high probability I can sell them and generate a good ROI.
- New Citizen Chance 30%
- Background Animation 1%
- Tech 1%
Lets take a look at actual results as of 12/20/21
Lifetime NFT'S Minted - 61
Citizens Cards Minted
- Homeless - 23
- Immigrants - 18
- Student - 19
Animation & Backgrounds
- Mountains -1
Looking at the actual ROI from Sales
That is looking pretty good. I am running at a 256.61% realized ROI 123 days into the project with unsold cards that could push be close to 270%! I will say that students have really helped push me up a little higher than in prior updates. Not to mention the airdrop of 7 in one day was a huge push. I did decide to sell them all at 613 thinking the price might fall as the market got flooded, but the exact opposite has happened and the price has gone up 50% to 900-1100 SIM per student! Oh well, I guess my ROI could be higher but profit is profit and I will keep it locked in for now.
While I don't like selling them, to keep this experiment true I will keep selling everything. I have generated an income of 13,199 SIM in than 4 months. That is a lot higher income vs what my daily income is brining in. If you are struggling to find a way to grow, mine citizens, sell them and reinvest into growing your city.
Is it still profitable? Have prices changed since I started and now my numbers misrepresent the opportunity?
This is always been a question I have when I read these... if they are 2,6,12 months old, prices move so much the claims are no longer valid. I updated my cost basis to the market prices as of yesterday. As you can see the price have increased significantly for parks. This is a result of the population changes. The ROI will still be in line with my oringal ROI goal of 100%, and it is on track for 98% or better. This still represents a great oppertunity to earn and grow with a minimal investment. I added line to track the ROI based on current price...
Even with almost tripple the initial cost, it still represents an oppertunity to have a 95% ROI. Sure its not crazy crazy DeFI returns, but it is NFT gaming returns, and as you grow you city, you also have the oppertunity to get card price appreciation. There are plenty of opportunities to find that niche in dCity and grow you city.
SIM Power
I have now sold and held my earnings long enough to breach the 8k requirement to get daily payouts in HIVE!!! Sure its not a ton, but it will just keep growing... and at 25% addional ROI it looks pretty good.
