What is Mining City? Evaluate the reliability of the Mining City project

• What is Mining City?
• Overview of the Mining City project
• Mining City's mechanism of action
• Mining City's project development team and partners
• Mining City's development team
• Mining City's partner
• Investment packages of Mining City project
• Multi-level linkage model of Mining City project
• Instructions to register and buy BTC mining package at Mining City
• Steps to register to open an account on Mining City 
• Steps to buy Bitcoin mining package on Mining City
• The level of interest in the project in Vietnam and in the world
• Level of interest in Vietnam
• Interest in the world
• The unclear information of Mining City
• The main issues of the Mining City project that you need to know
• Evaluation of the safety level of the Mining City project
• Evaluation of the safety level of the Mining City project

There was a time when Mining City became a stormy project in the market, bringing promising profits to investors. However, in the community, there are still two opposing opinions about this project. Many people still believe that this is a potential project, while others find evidence that Mining City is a scam project. So what is Mining City? Is this project safe or just a scam. Let's dissect and analyze this project with TraderH4 in the article below!

What is Mining City?

Mining City is a project involved in the Bitcoin mining system. In essence, it is Mining City that acts as an intermediary and provides mining services. With the purpose of helping users can conduct mining, increase Bitcoin mining performance based on equipment, technology, and maintenance from other parties. 

In addition, it is difficult to assess the credibility of the project. Finding information about this project in the world is still quite fuzzy because there are no written documents, as well as any press releases about this project. Meanwhile, community information denouncing the project as a scam or fraud is quite common.

Overview of the Mining City project

Here are some important information about the project, updated by TraderH4 to the present time. 

• The official domain name of the project is https://miningcity.com/en/ 
• Registration date: on August 23, 2003
• Expiration Date: August 23, 2025
• Updated date: on December 29, 2020 
• The representative of the project is Registration Private
• Phone number: +1.4806242599
• Address: 14455N. Hayden Road, Scottsdale, Arizona, in the US
• Email: is [email protected]

To talk about the coverage of the Mining City project, we first need to take a look at some of the achievements of this project:

• Top 20 largest Bitcoin mining factories in the world
• Top 15 largest BTC mining pool in the world

Mining City started its presence in Vietnam in May 2019. And the project is rated very "hot" in Asian countries such as Malaysia, Korea, Japan...

However, TraderH4 thinks that you need to learn more about the project before deciding to register to use Mining City's services. Besides the issue of reputation, safety, risk of scam, the market is downtrend without stopping, so investing in this service may not really have potential. 

Mining City's mechanism of action

Mining City is currently a project specializing in selling Bitcoin mining service packages. It is simply plans with different capacity depending on the amount of money spent. Therefore, the computing power and efficiency of the packages are not the same. 

Mining City's service packages help customers who do not own any equipment can still conduct Bitcoin and Bitcoin Vault mining. Mining City does not sell you mined cryptocurrencies, but a mining service (hash power) that makes mining efficient.

Although, the Mining City side said that they own Bitcoin mining workshops in Kazakhstan and China - countries with relatively cheap electricity prices. However, in fact Mining City is just a big partner of MineBest. 

Why are we mentioning this company? Customers buy Mining City service packages to mine Bitcoin. However, MineBest is the company that owns Mining City's mining rig. That means that customers cannot directly rent or invest in MineBest, but must go through Mining City. It can be said that Mining City plays an intermediary role and is also an important link in this activity. 

Mining City's project development team and partners

Mining City's development team

Currently, information about the project's development team is only public information of CEO Gregory Rogowski.

• Gregory Rogowski was a Director at Ubisoft (from 2011 to 2015).
• He was also a famous game publisher in the world with titles like Rainbow 6, Resident Evil 4 and Far Cry...
• Gregory Rogowski also held the position of Marketing Director of Agora SA - the leading media company in Poland in the period 2016 - 2017.
• In 2018, he held the position of Vice President and was in charge of marketing for MineBest, the world's leading Bitcoin mining company. 

About partnerships

Mining City's partners are also big players in the mining industry such as Bitmain, BTC.com, MineBest.

• Bitmain is a brand that is not too strange in the mining world. It is the largest cryptocurrency mining equipment manufacturer in the world. 
• BTC.COM – The largest Bitcoin mining website in the world.
• MineBest is the owner of a lot of Bitcoin mining equipment and technology. At the same time, MineBest is also supplying and maintaining equipment and machinery for Mining City.
• Mining City also cooperates with the Government of Kazakhstan to rent land and cheap electricity for 5 years and is protected by the country's military. This is essentially a cooperation agreement between MineBest and the Government of Kazakhstan and Mining City is a VIP partner of MineBest. 

Investment packages of Mining City project

It is known that the project is providing a total of 6 Bitcoin mining packages. Each plan will have different features, capacity and price for a period of 1,100 days. 

• Primary: 350 USD
• Standard: 600 USD
• Bronze: 1,200 USD
• Silver: 2,400 USD
• Gold: 4,200 USD
• Platinum: $12,600

Specifically, the information of each package is as follows:

Primary – main package

• Investment amount is 300 USD (minimum investment amount).
• Mining time is 1,100 days.
• Contract period is 1,100 days.
• Mining start time is 10 days after completion of purchase.
• The device is WhatsMiner M21S.
• Mining currency: Bitcoin.
• Hash rate: is 3 TH/s.

Standard – standard package

• The minimum investment amount is 600 USD.
• Mining time is 1,100 days.
• Contract period is 1,100 days.
• Mining start time is 10 days after completion of purchase.
• The device is WhatsMiner M21S.
• Mining Cryptocurrency: Bitcoin
• Hash rate: is 6 TH/s.

Bronze – copper package

• The minimum investment amount is 1,200 USD.
• Mining is guaranteed for 1,100 days.
• Contract period is 1,100 days.
• Mining start time is 10 days after completion of purchase.
• The device is WhatsMiner M21S.
• Mining Cryptocurrency: Bitcoin.
• Hash rate: is 12 TH/s.

Silver – silver package

• The minimum investment amount is 2,400 USD.
• Mining is guaranteed for 1,100 days.
• Contract period is 1100 days.
• 10 days after purchase will start mining.
• The device is WhatsMiner M21S.
• Mining currency is Bitcoin.
• Hash rate: is 24 TH/s.

Golden – pack of gold

• The minimum investment amount is 4,200 USD.
• Mining is guaranteed for 1,100 days.
• Contract period is 1,100 days.
• 10 days after purchase will start mining.
• The device is WhatsMiner M21S.
• The cryptocurrency mined is Bitcoin.
• Hashrate: 42 TH/s.

Platinum – platinum package

This is the last and also the most expensive package. All information is the same as the above packages, except for the following 2 points:

• Minimum investment amount: 12,600 USD. 
• Hash rate: is 138 TH/s.

Multi-level linkage model of Mining City project

This project not only attracts attention on services and partners but also links in a multi-level model. That is, Mining City will pay a commission to users who refer new customers. Notably, this commission is up to 5% if the downline has a total of less than 5 people and up to 10% if the number of people referred is more than 5.

Based on the number of new customers successfully referred, you will have the following membership rating:

• Citizen: When the user registers to become an affiliate of the project and has purchased the service package of Mining City. 

• City Builder: Users will have to invite at least 5 Citizens, and the total investment of the downline reaches 10,000 USD. 
• City Developer: Have at least 3 City Builders and effective investment accounts. In addition, the total investment volume of the downline must reach $50,000. 
• City Manager: Maintain at least 3 City Developers and effective investment accounts. At the same time, the total investment volume of the downline must reach 250,000 USD. 

• Chief Manager: Also maintain at least 3 effective City Managers. At the same time, the total investment of the downline reaches 2 million USD or more. 
• City Mayor: At this level, it also needs at least 3 Chief Managers to invest effectively and the amount of the downline is up to 10 million USD. 

Instructions to register and buy BTC mining package at Mining City

How can I open an account and buy Mining City service packages? Here is the answer you are looking for.

Steps to register to open an account on Mining City 

TraderH4 will guide you to register and buy Mining City service packages step by step. 

Step 1 : Visit Mining City's homepage at Miningcity.com website. Then click the "register" button on the right corner of the computer screen or the "menu" section on the phone. 

Step 2 : Fill in your personal information according to the instructions to log in.

Step 3 : Activate the account by following the link Ming City sent to your email.

Steps to buy Bitcoin mining package on Mining City

Step 1 : Log in with your newly registered account, select “my wallet”, then select “deposit”.

Step 2 : Select “pay in advance” and choose to buy the desired purchase package. 

Step 3: Finally select “confirm” to complete the purchase of Mining City Bitcoin mining package.

The level of interest in the project in Vietnam and in the world

This project used to be very hot in Vietnam as well as in the world. So how did the community care about Mining City?

Level of interest in Vietnam

Mining City officially set foot in Vietnam from May 2019. However, up to now, there is not too much information about the project, mainly mixed views about the project. 

Most believe that this is version 2 of Skymining, while others think that Mining City is a very potential project. 

Besides, we often see Mining City Citizens recruiting members to Crypto investment forums or teams. Even many people loudly advertise Mining City as a big project and aggressively recruit downlines. That also partly reflects the "hot" of this project in Vietnam. 

Interest in the world

Although it is said that this is a hot project in the world, most of it is concentrated in Asian countries. Mining City's hot breakthrough comes from the project's massive promotional events, as well as the multi-level form with promising profits.

The unclear information of Mining City

The project always displays photos, massive advertising campaigns showing the project's popularity in Korea, Japan... However, it's only one-way information from Mining City, but no information can be found. from other units from Google.

Currently, for the Mining City project, there is still the problem of insurance of investments? If the project collapses, who will stand out to deal with the risks for investors? This is the general reality of projects on the cryptocurrency market and the Mining City project. All investment decisions of investors face the risk of fraud and loss of money. 

The main issues of the Mining City project that you need to know

Currently, the Mining City project has some key issues you need to know:

• Receive Bitcoin Daily: Although the project has stated that investors can fully receive daily interest with BTC (on the 11th day from successful package activation). However, according to the latest reviews on Trust Pilot, many users have had negative comments reflecting that they cannot withdraw money and Mining City scam. 
• Global coverage project: Although it claims to reach out to communities around the world, in fact, Mining City only focuses on operating in Asia. 
• Transparency: Users can't find much information about the project on Mining City's official website. This limits the user's ability to access the project, as well as shows a vague sign of the transparency of Mining City. 
• Certification license of Kazakhstan. Mining City side announced that there is a mining factory in Kazakhstan, but according to confirmed information, it is a certificate for MineBest.

Evaluation of the safety level of the Mining City project

So in the end Mining City is a scam project or not? 

Previously, despite "signs" of operating under a multi-level model and lying about certificates, the project still paid Bitcoin regularly to users. However, from the end of 2021 until now, there have been many users who have labeled Mining City as a scam, accusing this project of not paying the mined BTC to users. Signs of fraud are more and more obvious, as the number of people standing out to expose Mining City is increasing. 

Moreover, the information about the project is not updated. In addition, the Philippine SEC agency also warned investors that this project is completely unregistered with the Commission and operates without a license. Mining City also does not have any investment contracts. That further confirms the fraud of the project as well as the huge risk for investors.

In the market, rug pull cases or scam projects based on Ponzi scheme, stealing investors' money, have become quite common. Typically, Bitconnect, Bitclub, Plus Token…Through the above information, perhaps you have seen the essence of Mining City and have made your own judgment. 

summary

Obviously, Mining City is not a safe project to invest in. The financial market, specifically the cryptocurrency market, always has many unforeseen risks as well as tricks and scams to appropriate investors' money. 

Therefore, you need to research carefully, before each decision to make an investment with your blood and blood. Let's accompany TraderH4 to update potential projects as well as avoid projects with risk of fraud!