Mining City drops mining facade, now offering “fixed returns”
Mining City has dropped its mining revenue facade. The company is now paying fixed returns on a schedule.
Mining City’s fixed returns are being marketed as “payment plans”.
As revealed by Mining City CEO Gregory Rogowski in a recent marketing video;
[3:46] These BTCV payment plan contracts are a new way paying out rewards to individual users.
Here, the pre-scheduled rewards are paid out every day.
The biggest advantage of the BTCV payment plan (is) your rewards are certain. You always know what you’re going to get.
Evidently coming up with excuses for low variable ROI payments was too much…
…and so Mining City has converted from a variable ROI Ponzi scheme to a fixed returns Ponzi scheme.
For reasons unknown (marketing?), Mining City is pitching its transition to fixed returns as an “exclusive limited time offer”.
If it hasn’t happened already, presumably at some point new investment will only be possible in fixed return plans.
In the last point of the slide above you can see ELCASH being flogged as an incentive.
ELCASH, aka Electric Cash, was a Ponzi shit token Mining City introduced last December.
The original intention was to launch shitcoins to prop up BTCV’s trading value. After ELCASH failed to have any impact though, these plans appear to have been put on hold.
Cue Mining City dumping ELCASH on affiliates as a marketing incentive.
Curiously, Rogowski doesn’t disclose the fixed return rates for the BCTV fixed return plans.
In any event, like the introduction of Electric Cash, fixed returns is just prolonging the inevitable.
Traffic to Mining City’s website is on the decline. BTCV’s public trading value has been stagnant for months.
Propping BCTV up when there’s no significant new investment being made costs money, further draining what Mining City can pay out.
Contributing to Mining City’s decline are regulatory warnings from the Philippines and Canada.
Mining City failed to address engaging in securities fraud with either regulator. The matter has been swept under the carpet, with Mining City continuing to illegally solicit investment the world over.
Based on Alexa traffic analysis, Mining City’s largest sources of new investment are Papua New Guinea and Japan.
Mining City’s latest marketing video is straight brain cancer.
Imagine coming up with enough crypto bro bullshit to fluff a thirteen minute video, when all you’re doing is recycling invested funds to pay returns.
The comments are a hoot. One sap calling himself “ray ray” seemed concerned with what would happen if BTCV rose to 500.
I wouldn’t worry about that if I were you, ray ray.
Later, someone named “Esther” asked:
Esther seemed fine with learning she’d be receiving some worthless shitcoin in lieu of money, answering:
Sad, really. Funny, but sad.
Be great if MLM crypto admins stopped pretending they can’t generate infinity shitcoins out of thin air on demand.
But Ari Maccabi said this is legit… 🙂
Hey, every scam Ari has been in is totally legit. Until it collapses. Then he trots out one of his standard non-excuses:
1) ALREADY ADMITTED IT!
2) I was a victim, too; he stole my money; I never made a cent, etc.
3) I made some mistakes, but never again!
Immediately followed by all the other scams that he refuses to admit are scams, because they’re really trading, or mining, or selling token products, or recruiting is optional, or, or, or…
I honestly wonder if Ari “The Truth” Maccabi is really that dumb, or just thinks we are.
I already voted to rename him to “anything butthetruth”
@Oz you got an auto rename or is it a manual process?
I don’t edit reader aliases unless a new reader messes up or the system detects someone using multiple aliases (repeat offenders = spambin).
Lol not like anybody could go check… This is their exit plan now very sophisticated
Not the first time fire has been used to set up an exit-scam – https://behindmlm.com/companies/aws-mining-ponzi-collapses-promises-aws-capital-reboot-in-dubai/
If it develops further I’ll put together a report.
MC have cancelled withdrawals. They say that a fake app is in google playstore that could jeopardize users data so they have to put withdrawals through “extra verification” lol.
Lololol. Devs in some third-world country about to be fired.
Or this is all just smoke and mirrors for withdrawal delays.
Well, they did just have a fire, so yeah, smoke.
There is a simple solution to all of this. All that has to be done is for Ari to write to the Philippine SEC and explain to them how Mining City is doing mining, which he can prove, and therefore Mining city is not a Ponzi.
I am sure the Philippine SEC will be impressed with Ari’s due diligence skills, he met the owners and they told him they were legitimate, therefore he knows they are legitimate; plus he can prove they are doing mining.
Kind of makes you wonder why he hasn’t doesn’t it. Especially with him living in the Philippines and all. It is his home turf, so I know that fact will carry enormous weight with the Philippine SEC. It will make them see the error of their ways and rescind their Ponzi designation and claim they are legitimate.
Come on Ari, Mining City needs you in their time of need. Step up to the plate and prove what a great Internet Marketer, 7-figure income earner and mentor to millionaires you are. The Philippine SEC will be impressed with your credentials.
Now Lynn, Ari never made that claim. Sure, it’s how he describes himself on Instagram, but that’s different, for… reasons.
What.. stuff people put on social media isn’t true necessarily? What is this madness.