...Mintagemining.com is a company that allows you to purchase units to mine cryptocurrency. The cost per unit is $1.00. I am going to use the reference of $100 or 100 units for examples through out this explanation.
If you know nothing about cryptocurrency, blockchain, or mining, well keep reading and lets chat later because it is important, but not necessary to understand the math that I am about to present to you.
Unlike buying bitcoin (or any other type of cryptocurrency) and watching the value rise and fall you are actually purchasing units. The units are used to mine every week for three years (156 weeks).
So lets use $100 (100 units) in all of the examples.
Here we go...
You purchase 100 units to mine.
It is mined every week at an average of 2-3% (I am going to use 2% for the examples).
The images below represent returns over the first of three years at 2%, 3% and 4% and from now on we will focus on 2% because that has been the average to date.
Returns at 2% Returns at 3% Returns at 4%
WEEK 1: 100 Units x 2% = $2
You have two options on what you can do with that $2.
1) You can cash out and start collecting $2 a week which will total $208 at the end of year one, $416 at the end of year two and $624 at the end of year three.
or
2) You can compound your interest and take that $2 and purchase 2 more units for another three year contract, giving you 100 units to mine for 155 more weeks and 2 units to mine for 156 weeks. This gives you a total of 102 units so your next weekly return will be slightly higher... at $2.04. We
If you continue this pattern every week when you are paid out (Wednesdays) you will earn $280 after year one $784.09 after year two and $2,195.71 after year three. If you to choose to start collecting that money after three years you be able to take your weekly earnings of $43.05 and cash them out. You will actually still be mining but taking your earnings with you every week. eventually your earnings will decrease (unless you purchase more units) and you will be out of revenue. Three years in to this you will figure out that you can likely take out half of your earnings, mine the other half and keep a pretty stellar weekly return coming your way.
You can only imagine what happens if you put $1,000 in... after 1 year $2,800.33, 2 years $7,841.84, 3 years $21,959.73. I use that to tease you, because if you have the money that is the best way to take advantage of this system. But like me and most people you don't have the money.
It is free to join mintage if you have a referral (that's me) or you want to put in $500 right away, but why do that and not help me a little bit right?
By referring you I get to mine 10% of whatever you put in. It does not go away from you, you get all of your units. This is made possible with a Multi Level Marketing company called Nui.Social. I actually got in to the MLM before I got in to Mintagemining. I can explain Nui in another post, for now, lets stay on topic. Note: You can also refer people and earn an additional 10% but you have to pay an annual membership of $125 as a member of Nui (I also get 2% of whatever they mine). If you have a network and think you can build a downline or have a spouse i recommend having a membership with Nui, but you can do that later.
So, here is where it gets awesome (IMO). Let's start building that downline...
... instead of explaining how to do it I am going to tell you how my wife and I did this.
First know that I was skeptical. I started with $30 and then added $11 a week later after seeing how it worked. I sat on that $41 and then when I started doing some basic math I asked my wife to build a calculator to see what the potential was. She is an excell spreadsheet junkie so she spent a few hours formating the spreadsheet. It is the single most exciting thing I look at each week.... when I can calculate my new projected R.O.I.
After my wife saw the numbers we discussed how much we are willling to lose, because at this point Mintage had only been around for about 2-3 months, we have 1 year old triplets and are on a very tight budget. After discussing and doing the math we put $371 in her account. As my direct downline my account received 37 additional units (10% of hers). For this reason I have never put anything but my mining earnings back in to my account. In fact We have never put more than the $41 in mine and the $371 in her account. This is what year one started out looking like for us at $412 invested.
Ginn Year 1: $1,364 Ginn Year 2: $4,389.79 Ginn Year 3: $13,920
Let me be clear on two things.
1) There is no guarantee as the percentages are a reflection of the cryptocurrency market.
2) We have not taken any money out and I am still working a full time job and my wife is working at home part time while juggling the #ginnlets.
3) We have build a downline without spending any more money from our real jobs paychecks and we are currently (May1st 2018) mining over 750 units in my wifes account and over 220 in my account. If all things stay the same and our downline does not grow and our current downline does not add more units by purchasing their own or compounding their weekly returns we are looking at the following for our three year projection.
Current projections as of May 1st 2018.
Ginn year 1: Ginn year 2: Ginn year 3
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