Mining City is a bitcoin platform that has garnered a lot of flak. Why? Is the Mining City website a real thing? How could you possibly know?
First, it’s critical to do more research. Consequently, this article will utilize Mining City as an example to demonstrate how to distinguish a scam from a legal cryptocurrency company.
Investigate my Mining City review for further information, particularly whether it’s a Ponzi scheme.
MLMs like Mining City are a bit of a mixed bag. They CAN be a legitimate way to make money, but some have a reputation for literally ruining people’s lives – so it’s important to know what you’re getting, since each one is unique.
Like most of my readers, you were probably introduced to this one via a friend or some influencer you trust online.
And it makes sense why so many people recommend them:
Making money outside of a 9-5 can be… life-changing, to say the least.
So in this article, I want to help you explore two things:
- If MLMs are actually a worthwhile business to pursue
- If Mining City is a worthwhile MLM
Before that, I want to clear the air on something.
There are A LOT of people out there who bash all MLMs in any form. However, I’m not one of those people.
Instead, I want to genuinely educate you about them so you can make an informed decision on how to proceed.
If you’re unfamiliar with what MLMs actually do:
They’re businesses in which you pay money to a company for the ability to sell their products.
Sometimes the products are actually kind of decent (I still remember my mom throwing Pampered Chef parties when I was younger).
Other times the products are really poorly made and come with a high price tag.
Typically, the only way to really make money is to get people (mostly friends & family) to sign up with you for a recurring subscription.
If the product is 100% legitimate & valuable, it’s entirely possible to get people to sign-up and continue paying you.
If the product is subpar, you’ll usually burn those bridges kinda quickly and end up with $0 coming in each month.
The biggest issue I’ve seen is that this puts significant stress on your personal relationships, as you’re reliant on selling to your “network.”
Think about it: if you KNEW that every time your friend Sally called, she’d be trying to sell you on one of her products… you’d eventually stop answering Sally’s calls.
Now, this doesn’t mean MLMs are outright bad… it means you need to know what type of MLM you’re getting yourself into before you sign up.
Again, some MLMs provide real value to people, but MOST don’t – so in this article, I’m going to explore the case of Mining City.
But before that, I want to ask you a question: what if there was a way to build actual recurring, semi-passive income?
Income that:
- Doesn’t have inventory
- Doesn’t make you sell to your friends & family
- Doesn’t force you to recruit people onto your “team”
Something that you could make anywhere from $2,000 – $10,000 consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it?
If that sounds interesting, you might want to think about using the Digital Rental Method.
If you wanna see what Mining City looks like on the inside, keep reading.
What Is Mining City?
Hash power, mining strategies, mining hardware, and mining incentives are all available on Mining City, a worldwide marketplace that facilitates the mining of cryptocurrencies. Greg Rogowski, CEO of Prophetek and proprietor of the cloud mining platform brand, got the idea for the service in October 2019.
Prophetek is the business that created the Mining City platform. It’s headquartered in Cyprus, with better cryptocurrency regulations than many other European nations. Mining City earned the trust of customers all around the world through experience and technological know-how!
How Does Mining City Work?
“Plans” are what Mining City sells to its customers. These are various plans whereby customers use a certain amount of processing power to mine cryptocurrencies. These Mining Plans are geared toward Bitcoin and Bitcoin Vault mining. Bitcoin miners who don’t have access to mining hardware may turn to Mining City for assistance.
Mining City’s real mining equipment 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 signing up, they are accepting a risk based on the market’s volatility and other variables.
How Much Does It Cost To Join Mining City?
Mining City is a cloud mining service similar to others in that it offers a variety of mining plans and contracts.
Standard, Bronze, Silver, and Gold are the four tiers of coverage. The cheapest option is a whopping $500 for the smallest bundle. It will cost you $1,000 for the Bronze Package. There’s a $2,000 price tag for the Silver Package. The price of the Gold Package is $3,500.
Is Mining City Legit?
Customers get actual hash power; therefore, Mining City can be trusted. Also, as part of its process of global market adaptation, Mining City leaves off-limits markets and conforms to new norms and regulations. Mining City recently implemented Know Your Customer (KYC), Anti-Money Laundering (AML), and other compliance check processes, demonstrating the company’s dedication to regulation.
Instead of promising overnight success, Mining City offers a valuable service to its customers. It’s difficult to classify Mining City as a Ponzi scheme, given the genuine service they provide to consumers (renting out a portion of its mining facilities and infrastructure.)
Are There Alternatives To Mining City?
Yes, there are plenty of MLM companies to choose from if you want to pursue this business model. Here are just a few:
Is Mining City A Scam?
So, time for the $1,000,000 question: is Mining City a scam?
No, not technically. They aren’t going to run off with your money and not give you what you paid for. It’s 100% possible to make money with this program.
That being said, it’s not nearly as simple as they want you to think it is.
There’s A LOT of work to be done upfront, and no guarantee that you’ll be successful. The commissions are also fairly small.
Don’t get me wrong, I’m all for doing hard work now, so that I can reap the benefits later.
But if you’re going to work really hard for 3 months, and your reward is a $100 check… it’s not really a great opportunity.
If I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3 months (I personally did it in my first 2 weeks of using the Digital Rental Method).
Unlike with MLMs, you can do it from anywhere in the world, so it’s a genuine “laptop lifestyle.”
All you need is an internet connection.
Some of my friends are Digital Rental Method that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, using the Digital Rental Method might be for you!
What Is My Top Recommendation For Making Money Online In 2024?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
I’ve also been on the other side of old friends trying to sell me their fancy new MLM products.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.
Why?
Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Read Our In Depth Breakdown Of The Top 5 OppMLM Courses For 2024
Ownership & Control: With MLMs, you don’t really “own” anything – everything belongs to them.
If you read the contracts, they can kick you out or change your commission at any time (it’s happened in a few high-profile MLM cases recently).
Why pour your soul into a business that could be taken away from you at the drop of a dime?
With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.
Big Margins: With MLMs, you’re often going to have really slim margins. That means you need to have a VERY large network to make serious money. This usually entails spending A LOT of money on ads and other methods for recruiting members.
using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your profit increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with an MLM, you would need to sell twice as much inventory. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
You’re Helping REAL People: My biggest gripe with MLMs is that you’re likely going to ruin your personal relationships.
The MLM may have convinced you that you’re actually helping people, but it’s often not really true.
But With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their biz would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other MLM programs like Mining City, which might make you money 12 months from now.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.