Mining City Review – Legit Investment Biz Op or Big Scam?
Welcome to my Mining City Review!
So, you’re thinking about joining and online business, but you aren’t sure where to start…
There are so many choices out there and it can be difficult to wade through all the scams to find those diamonds in the rough.
One of the best ways to learn more about a company is doing research, so I’m glad you’re here!
In my review, I will talk about the company’s history, products, compensation plan, and cost to join, so you can make a better-informed decision about whether this is the right company for you or not.
So, let’s get right to it!
Mining City Review – The Company
The Mining City website does not offer any information about who owns or operates the business.
The Mining City website domain was registered as “miningcity.com” in 2003 and updated on the 20th of December, 2018.
The domain owner is currently listed as “Prophetek”, and offers an incomplete address in Cyprus.
Mining City’s founder and CEO is identified as Grzegorz Rogowski, who also goes by Greg Strong.
A look at Rogowski’s LinkedIn profile reveals that he’s based out of Poland and is most likely operating the company from there.
According to his LinkedIn profile, Mining City is Rogowski’s first run at an executive position within an MLM.
Although the company seems to be running out of Europe, this company seems to be focused on marketing mostly to Asia.
Alexa has ranked Japan (50%), South Korea (26%) and Vietnam (13%) as the highest sources of traffic to the Mining City website.
It’s funny that they have barely any information on the management, but have this long ass “About US” message lol:
Mining City Reviews – The Products
Mining City has no retail products or services currently available.
Affiliates simply market the Mining City affiliate membership to others.
The Mining City Compensation Plan
Mining City affiliates who want to take part in the attached income opportunity must invest funds for an ROI that is paid over 1100 days.
- Standard – $500
- Bronze – $1000
- Silver – $2000
- Gold – $3500
It seems that the more an affiliate invests, the more they can make in the daily return rate.
Mining City Affiliate Ranks
Overall this company features 5 affiliate ranks within their compensation plan.
Each rank has its own qualification criteria, which is as follows:
- Citizen – Sign up as a City Mining affiliate and invest
- City Builder – Sponsor at least five Citizens and generate $10,000 in total downline investment volume
- City Developer – Maintain five personally sponsored affiliates with an active investment (three must be City Builders), and generate $50,000 in total downline investment volume
- City Manager – Maintain at least five personally sponsored affiliates with an active investment (three must be City Managers), and generate at least $250,000 in total downline investment volume
- Chief Manager – Maintain at least five personally sponsored affiliates with an active investment (three must be City Managers), and generate at least $2,000,000 in total downline investment volume
- City Mayor – Maintain at least five personally sponsored affiliates with an active investment (three must be Chief Managers), and generate at least $10,000,000 in total downline investment volume
Referral commissions are tracked and paid through a hybrid unilevel model.
This type of model has affiliates that you sponsor placed under you, and then the affiliates that they sponsor are placed the 2nd level of your unilevel team, etc.
The hybrid part of the model means that a Mining City affiliate is paid 5% of funds invested by their first 5 sponsored affiliates.
From sixth sponsored affiliate onward, affiliates will earn 10%.
The sixth sponsored affiliate is also where the unilevel team starts, and affiliates can earn on multiple levels.
- Citizens receive a 5% referral commission on up to ten unilevel team levels
- City Builders receive a 5% referral commission on up to fifteen unilevel team levels
- City Developers receive a 5% referral commission on up to twenty unilevel team levels
- City Managers receive a 5% referral commission on up to thirty unilevel team levels
- Chief Managers and higher receive a 5% referral commission on all unilevel team levels
Cost to Join Mining City
The cost to join Mining City as an affiliate is an initial investment of between $500 and $3500.
Although the company lists investment amounts in USD, the backoffice suggests that actual investments are made in bitcoin.
Okay, now it’s time for my final verdict…
So does the Mining City scam exist?
Well keep reading…
When a company offers an investment opportunity such as this one, it is what we refer to a passive.
This means that that company is technically offering securities, something that needs to be legally registered with the proper authorities.
Although this company does mention that they have a contract with a mining company which is how they generate external revenue, the problem is that there is no actual proof.
Sure, mining may be taking place, but the company hasn’t proven that revenue from the mining is what is being used to pay out the ROIs owed.
The only revenue that can actually be verified is the incoming investment from new affiliates.
And if this is the only revenue that they are using to pay ROIs to existing affiliates…
Well, that’s not exactly legal.
And so, when new affiliates stop signing up (and this is usually what ends up happening) new investment will stop coming and ROIs will stop being paid.
So, my advice here folks is to save your investment for another day.
Thanks for reading my Mining City review! Feel free to leave a comment or question down below…
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