What is Mining City?
What is Mining City? Evaluation of the latest MiningCity project
MiningCity.com — a project that is quite high in the FOMO community . In today’s article, join Mining City Team to find out what Mining City is and review the overview of this project.
Register: http://bit.ly/miningcityteam
What is Mining City?
MiningCity is a Bitcoin mining project , in other words people will invest in digging machines to earn bitcoin daily, then you can hoard or trade for profit.
The role of investors in Mining City project is: Investment in pure interest (retail investors) or Building a business system (for the leaders).
Mining City will provide mining equipment, technology and maintenance to improve Bitcoin digging performance and at the same time help investors reduce management costs.
Evaluation of Mining City project
About the model, it is similar to the real Sky Mining , but the difference is here:
Mining City’s official partner is reputable companies in the Bitcoin mining industry
MineBest: Owners of many devices, Bitcoin mining technology, is the main partner providing equipment and maintenance services for Mining City.
Certificate of cooperation between MineBest and Mining City
BTC.COM of the giant BITMAIN: The most influential company to the Bitcoin economy thanks to the superior computing power or hash rate they control. Bitmain’s bitcoin mines like Antpool and BTC.COM account for 28.9% of the total processing power across the global Bitcoin network. BITMAIN is also the manufacturer that dominates the ASIC hardware exploitation segment.
BTC.COM is the largest digging tank with total bitcoin holding up to 16.2% / Source: CoinDance
At the same time, when visiting BTC.COM , it is easy to see the Mining City advertisement banner on the home page below which clearly states “is an official partner of BTC.com hosting 20,000 miners and up” , that is, : “An official partner of BTC.COM stores more than 20,000 miners or more” .
With two reputable partners above, Mining City is a great project. Not just stop there. Mining City is also the only company in the world that has been granted a license to support land lease and exploitation by the Kazakhstan government within 5 years .
Content in the written permit:
“SUPPLY 50MW POWER AND 2 HECTARES LAND WITHIN 5 YEARS
THIS DOCUMENT CERTIFY THAT THE ABOVE PARTIES ARE PROVIDED TO AGREEMENT THAT THE PROJECT INVESTOR WILL PROVIDE MINEBEST WITH 50MW ELECTRIC FOR YOUR DATA CENTER AT EKIBASTUZ, KAZAKHSTAN HAVE CONTAINED 2 LAND HECTARES FOR 5 YEARS. MINEBEST INVESTMENTS TO DEVELOP INFRASTRUCTURE USING BTC-KZ IS THE LOCAL ADMINISTRATOR OF THE PROJECT ”
Besides that. According to Mining City CEO, the project received great attention from the Japanese Government considering and granting business licenses in this market.
Transparent domain name information on GoDaddy
Link check: https://sg.godaddy.com/whois/results.aspx?domain=miningcity.com
Traffic from Korea, Japan and the US is mainly
Traffic to the Miningcity.com website on Similarweb.com sees primarily traffic from Korea, Japan, and the US … fortunately, there is no Vietnamese figure.
Link check: https://www.similarweb.com/website/miningcity.com
Track project progress on Instagram
In addition to the information I gave above, when visiting the Mining City homepage, people can easily see the project’s Instagram channel. People can access to track the progress of the project !!!
Link check: https://www.instagram.com/miningcity/
Team dev is completely anonymous
Team DEV of Ming City is also not anonymously but completely present, it is also one thing I feel secure, they and their partner MineBest also participated in the Blockchain Life event in Singapore.
Blockchain Life 2019 Asia is one of the most famous and important events in the blockchain industry. This is a truly influential forum for the international electronic money market, global blockchain development and the world’s digital economy. The event was greatly attended by many people: Binance, Litecoin, CEO Bitcoin.com …
MiningCity how to pay interest to investors?
Looking at the Mining City operation model below, one can easily see Mining City’s cash flow as follows:
Mining City collects money from the sale of excavators and warranty exploitation services, upgrades for investors + transaction fees when customers withdraw money from Mining City to their wallets and digging costs.
When logging into Mining City below each exploitation contract package, there is a cost and profit calculation sheet that can be found on the following:
Logging into Mining City and pulling down investment packages will have this calculationCalculation of profit / expense of Mining City corresponds to package 3500 $ (Mining in Kazashtan)
Meanwhile, if the same $ 3500 package in Vietnam, it will be like this:
Spreadsheet / Cost Calculation Package 3500 $ in Vietnam
Now everyone understands why there have been Bitcoin digging projects in Vietnam before when the Trend Market has not paid enough for investors and scam yet?
The price of 1 Bitcoin at the time I wrote this article is $ 5,295
The total cost that Mining City dug out a bitcoin based on the electricity price in Kazashtan is $ 2,912 + the maintenance cost is about $ 3,500 (estimated figure)
Therefore, Mining City still has a surplus of 5,295 $ — 3,500 $ = 1,795 $ if 1 year after Bitcoin still retains the price of 5,295 $ (estimated figure for all reference)
The contract we bought from Mining City is 3 years whereby if buying and digging Bitcoin from this point then bitcoin goes up to $ 6–8000, for example, we will get compound interest, and vice versa, the price of bitcoin decreases. That is the risk
But based on observations and evaluations of individuals, Bitcoin will not only stop at $ 5,295 for 1–3 years.
Mining City said it will spend 35% of its total revenue to pay for commissions in its Affiliate system. Thus, there is still 65% of revenue used to maintain other activities and bring profit to Mining City itself
In essence, Mining City is not under pressure to pay interest to investors at all, but we almost pay to buy services that exploit and receive our profits from them so I assess this is the first project. feasible investment if going long.
Capital allocation strategy when investing in Mining City
Why should there be a proper capital allocation strategy before deciding to invest in Mining City ?? Because Mining City issued a 3-year long-term contract without withdrawing the original for investors, it includes 500, 1000, 2000, 3500.
This is a long-term investment project. If after finding out and bringing the mind of All In to this project, it will cause a very worried and insecure mood by always thinking whether someday your money will evaporate by 3 years Not a short period of time.
I myself have participated in many investment projects, have ever understood such feelings … when I felt that the project had something insecure and was living and shaking every day.
That feeling is terrible, isn’t it? Even when sleeping in the sleep, open the phone to watch, even when at night pee also open the phone to update information …
I used to be like that and I advise people not to invest so, two health … so hard to make money, everyone. Really !!!
Personally, seeing Tony Robbins’s plan is suitable for most people who can refer to allocating funds quite safely and comfortable with it is:
- 50% of your income is for:Long-term consumption, Daily consumption, Study,? Play, Give away … for the above way.
- The remaining 50% is divided into 3 parts as follows:
- The first 30% — Venture capital:Coin, ICO, Lending, surfing stock, 10-word 1-dollar missions use this. Losing it, no one will die, no one will curse. 10 deaths, 1 eating is the life of silk bursting.
- Next 30% — Business investment: Opening companies, contributing capital, importing goods, trading … using this amount. Investment of this type is risky but low, rarely dies (Of course, there must be a LEARNING to die, not to study, then it will die if you don’t know why you died) or here is investing in Mining City is fine
- The remaining 40% — Long-term investments: Buy land, bluechips, buy gold to store … This investment is extremely low profit but never lost, super sure. It can be considered as saving … anyone who is more brave, invests in Mining City or similar long-term projects.
If such allocations are made, people feel extremely safe and will not risk, this is an extremely important factor for people to participate in this market. Wished everyone success.
