Mining City is a cryptocurrency platform that has received its fair share of criticism. Why? Is Mining City legit? How can you possibly tell?
It’s important to investigate further. As a result, this post will use Mining City as a case study to show you how to tell a scam from a legitimate cryptocurrency operation. Dig deeper into my Mining City review to know more about it, especially if it is a Ponzi scheme.
This Mining City Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
- No hidden costs
- Rewards are not guaranteed
- Amazing mining plan
Cons: What I Didn't Like
- Not totally transparent
- Bad reviews from clients
- Pay extra to receive pay out
Mining City isn’t too different from most eCommerce courses.
Sure, their marketing makes some great promise you haven’t heard from the other eCommerce gurus, but at the end of the day, no magic bullet overcomes the massive pitfalls of this business model.
Let’s get something clear:
There is NOTHING passive about eCommerce, no matter how well most course creators sell the dream.
If you want that travel-the-world-making-money-while-you-sleep-laptop-lifestyle, eCommerce isn’t for you.
To run a successful eCommerce business, you need to be constantly on the lookout for new products.
Scouring the internet for hot trends and trying to find the next fidget spinner will take hours out of your day.
Not to mention, it’s not enough to just have the hot new product…
You also need to get the customers.
That means ads…
Lots and lots of ads…
Testing, tweaking, targeting, spending thousands if not tens of thousands of dollars before breaking even.
Not to mention, Facebook hates eCommerce, meaning one of your top traffic sources could shut you down at any time.
All of this leads to a very stressful life, not a lot of money, and a lot of time wasted.
Time that could be better spent so you can actually live the life you want.
Now, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Physical Products
- Low Margins
- Long Wait Times
- Angry Customers
- Thousands of dollars testing different ad campaigns
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day running ads, researching products, and trying not to get banned by whatever platforms you’re using?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like eCommerce, and that’s probably a good thing.
However, if you’d still like to know more about Mining City, keep reading.
What Is Mining City?
Mining City is a global platform that offers hash power to mine cryptocurrencies as well as mining plans, mining equipment, and mining rewards. Greg Rogowski, the brand owner of the cloud mining platform and the CEO of Prophetek, had the concept for the platform in October 2019.
Prophetek is the business that created the Mining City platform. It is headquartered in Cyprus, which has better cryptocurrency regulations than many other European nations. Mining City earned the trust of customers all around the globe through experience and technological know-how!
How Does Mining City Works?
Mining City offers “plans” to its consumers. These are basically different packages in which clients employ a specific amount of computing power to mine cryptocurrency. These Mining Plans have intended for mining two cryptocurrencies: Bitcoin and Bitcoin Vault. In short, Mining City helps clients in mining Bitcoin who don’t have mining equipment.
Mining City’s mining equipment is real and is situated in Kazakhstan and China, where power is quite cheap. The customer just pays for machine usage, power, and maintenance. Mining City claims that there are no hidden costs. In other words, Mining City does not offer you mined coins but rather a mining service (hash power) that allows you to mine them.
Some of Mining City’s income comes from creating a network of referrals. However, everything can be checked thanks to a special feature of your Mining City wallet. Wallet Split indicates how much cash is generated by referring new members to the community (a referral bonus) and how much income is produced by actual mining.
Mining City, conversely, makes it clear that mining rewards are not guaranteed. The payouts are determined by the price of the cryptocurrency being mined in the mining pool, the difficulty of the mining network, and other variables. Clients should understand that by joining up, they are accepting a risk based on the market’s volatility and other variables.
How Much Does It Cost To Join Mining City?
Like many other cloud mining operations, Mining City allows you to choose one of the mining plans/contracts.
The plans are divided into four categories: Standard Package, Bronze Package, Silver Package, and Gold Package. The smallest package is $500, which is expensive. The Bronze Package will set you back $1,000. The Silver Package costs $2,000. The Gold Package costs $3,500.
Is Mining City Legit?
Mining City is legitimate since it gives customers real hash power. Mining City also exits banned markets and adheres to new rules and regulations while adapting to global markets. Mining City’s recent implementation of KYC, AML, and other compliance check procedures is an example of the Mining City’s commitment to compliance.
Mining City provides an honest service rather than a promise of rapid riches. Mining City offers customers a legitimate service – the ability to rent a piece of their mining infrastructure – making it hard to label it a Ponzi scheme.
Is Mining City A Scam?
So, is Mining City a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Greg Rogowski makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months, $3-5k in the hole on ads (because that whole “get started with $5 a day” thing is total BS) and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike eCommerce, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Mining City?
Yes, there are plenty of eCommerce programs and resources to choose from if you want to pursue this business model. Here are just a few:
What Is My Top Recommendation For Making Money In 2023?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With eCommerce, you don’t really own anything. You have no control over the quality of products. You don’t even own the products because they go straight from the supplier to the customer.
Yes, if you’ve got a Shopify store, you technically own that. But if every ad platform suits you down, you’ve got a store with no customers. Which is literally worthless.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Ok, so technically you don’t have to worry about inventory since you’re not filling up your garage or a warehouse with products.
But, you still have all the headaches of a physical products business.
Since most dropshipped products come from China, you already have a 2-3 week wait time from when a customer places an order.
But right now, with global supply chain issues, your customers would be lucky to get anything in less than a month.
Imagine finally landing your first customer after months of experimenting, and then getting hit with a refund request or chargeback because they had to wait 6 weeks to get their order.
With Digital Real Estate, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with eCommerce, you’d have to double your inventory, your profit margins, OR your average order value. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. 99.9% of the time, eCommerce provides no value to anyone but the seller.
In a lot of cases, it has a negative impact on the customer because of poor product quality and an overall bad experience (i.e. waiting 6 weeks to get your order).
And that makes it pretty hard to sleep at night.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Mining City which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.