Money Miner App Review - Real or Fake Bitcoin Miner? (2024)

Money Miner App Review - Real or Fake Bitcoin Miner? (1)

Money Miner App Review - Real or Fake Bitcoin Miner? (2)Welcome to my Money Miner App review!

Lots of people are installing the Money Miner app in hopes to earn real passive income from their phones.

There are many online platforms that allow you to rent the processing power of your device to “mine” cryptocurrencies.

At first glance, Money Miner looks like one of those mining opportunities.

But if you don’t read carefully in between the lines, you will be extremely disappointed to know what this is all about.

So, is Money Miner a scam or a legit mining app? Will it pay you once you reach $100?

Don’t install the app before you read my review!

If you want to earn real passive income from home, check out my #1 recommendation here! This is the same program that helped me reach $1,600/mofrom my laptop. No special skills required.

Money Miner App Review

  • Name: Money Miner
  • Website: https://money-miner.net/
  • Membership eligibility:Worldwide
  • Price:Free
  • LEGIT
  • Overall Rating:2/5

What is Money Miner?

Money Miner is a mobile app where you can supposedly mine cryptocurrencies like BitCoin, Monero and other coins.

This is what you will read on the app description:

“This technology is based on cloud servers algorithms which allow its users to mine (to receive) most currently profitable cryptocurrency”

You see, a real crypto miner will use your device’s processor to solve intricate math problems.

However, it turns out the Money Miner app is just a mining Simulator!

You Won’t Make Real Money!

Yes, that’s right! You can’t make any money with this app.

If you take a look at the app description, it says:

Mining simulator does not require any special skill and complicated settings. Press the button and start the process now!”

Users have to be very attentive to see that Money Miner is only simulating the mining process.

Most people don’t take the time to read the description and thus, mistake the app for a real miner.

After you install Money Miner, you will have another chance to know that you won’t earn real cash.

In the welcome page, the app developers make it very clear by saying:

“The app is intended for evaluating minimum revenue. Conversion of in-app units to real world money is not provided”

Money Miner App Review - Real or Fake Bitcoin Miner? (4)

This reward platform is going viral! Cash out via PayPal, Visa, Gift Cards, and in-game currencies - Click here to find out how to generate an extra $10+ per day!

Money Miner App Review - Real or Fake Bitcoin Miner? (5)

Is Money Miner a Scam?

No. I wouldn’t call Money Miner a scam.

As you have just seen, the company informs users that they won’t receive real money.

Unfortunately, many people still believe that it does because of how the app is advertised.

The Simulation

Money Miner app uses cloud server algorithms to show you an estimate of how much money you can earn based on hashes per second (h/s).

It starts with 200 h/s and you get extra power by watching a video.

The problem is that it doesn’t tell us which cryptocurrency is being mined.

Besides, you can’t upgrade the speed of a real crypto miner by watching more videos.

So, if the app is intended to be a simulator, then, in my opinion, it’s not really fit for purpose.

In reality, Money Miner it’s more of a game rather than a simulator!

It is rather strange that the app has a wallet because it makes you think you can eventually cash out when you reach 100%.

Money Miner App Review - Real or Fake Bitcoin Miner? (7)

User Reviews

Lots of people have left a negative review because they thought they could actually make real money.

One user reached the minimum payout of $100 and confirmed that there was no option to cash out.

Imagine his frustration when he discovered he was just running a simulator game.

Money Miner App Review - Real or Fake Bitcoin Miner? (8)

It’s foolish to think that people will use the Money Miner app just to simulate earnings.

You might as well agree that people want real, not fake money!

How Does Money Miner Actually Work?

The business model behind the app is very simple!

When you install Money Miner, the company will earn advertising revenue from different networks such as StartApp, Applovin, and AdColony.

So, while you are just playing a “crypto Mining game”, the company is making real money on your behalf.

Conclusion

Money Miner is only crypto mining simulator that is funded by advertisers.

The main problem is that many people think it’s real money-maker.

No, it isn’t.

In order to mine a decent amount of cryptocurrencies, you should use extremely powerful hardware known as mining rigs.

Money Miner App Review - Real or Fake Bitcoin Miner? (9)

A mobile device doesn’t have near enough power to make a profit.

The truth is that only the app developers are making real money by displaying ads to you.

In other words, you will watch advertising and waste your phone’s battery in exchange for nothing.

How To Earn Real Passive Income Online

It’s possible to earn real passive income on the internet.

But first, you must put in the work to build up a large online audience.

Lots of people are actually making a full-time income by creating affiliate sites that work for them 24/7.

When you have a website, you can take a long vacation and still earn commissions even if you don’t actively work during that period.

This is only possible because the articles and reviews you wrote in the past will keep attracting visitors while you are away.

I’ve personally grown a successful internet business that earns me over $1,600 per month in passive income.

If you want to build your own passive income site, check out my #1 recommendation and start your first 10 free lessons!

Final Words

Thanks for taking the time to read my Money Miner app review. I hope the information provided was helpful to you.

If you have any questions, feel free to ask in the comment box below. 🙂

All the best

Stefan

Money Miner App Review - Real or Fake Bitcoin Miner? (2024)

FAQs

Does the bitcoin miner app actually work? ›

Such apps usually won't be worth your time, as the rewards they provide are miniscule. However, it's common in the cryptocurrency community to use the term “mining” to describe the process of receiving rewards through an app, even though there's no actual mining happening.

Does Bitcoin mining give you real money? ›

Bitcoin pays out a mining reward each time a new “block” is entered into the permanent record of transactions. The reward shrinks every few years, but for now, it is 6.25 BTC, which in December 2022 was worth roughly $105,000 as Bitcoin hovered below $17,000.

Is Bitcoin mining BTC miner real or fake? ›

Of course, Bitcoin mining is a legitimate way to earn in cryptocurrencies. However, it is not as easy as it sounds.

Are there any legit Bitcoin mining sites? ›

ECOS. ​​Founded in 2017, ECOS has established itself as a trailblazer in the cloud mining industry, being the first provider to operate with legal status. With over 250,000 users, ECOS offers a reliable and legitimate platform for mining various cryptocurrencies without the need for specialized equipment.

How do you cash out on Bitcoin miner? ›

One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.

How do you get paid from a Bitcoin miner? ›

If a miner is able to successfully add a block to the blockchain, they will receive 3.125 bitcoins as a reward. The reward amount is cut in half roughly every four years, or every 210,000 blocks. As of April 2024, Bitcoin traded at around $63,000, making 3.125 bitcoins worth $196,875.

Who actually pays to Bitcoin miners? ›

In addition to rewards, miners also receive fees from any transactions contained in that block. When Bitcoin reaches its planned limit of 21 million (expected around 2140), miners will be rewarded with fees for processing transactions that network users will pay.

Can Bitcoin mining make you rich? ›

Bitcoin mining can be a lucrative way to make money with Bitcoin, but not for individual investors. Because of the computing power required, the upfront and ongoing costs can far outpace mining rewards earned.

How much money do bitcoin miners make per day? ›

Bitcoin's hashprice — a metric miners use to measure the value of their compute power, hashrate — rose to $79/PH/day today, an 11% increase week-over-week from $71/PH/day. This means that miners with 1 petahash (PH) of mining equipment can now expect to earn $79 per day in revenue from these machines.

How to spot a Bitcoin mining scammer? ›

Examples of scams are giveaways, hustles involving new romance, phishing, extortion emails, fake company alerts, blackmail, "rug pulls," and may involve fake mining apps or networks. Signs of crypto scams include poorly written white papers, excessive marketing pushes, and get-rich-quick claims.

Is Bitcoin mining guaranteed money? ›

Your potential earnings from bitcoin mining aren't guaranteed, but they are worth considering. The profitability of bitcoin is measured in dollars per terahash, or TH, per second. That means the amount of money generated by a mining computer that produces a trillion hashes per second.

What are the fake Bitcoin companies? ›

Key Consumer links
Primary SubjectScam Type
good-bookingline.comFraudulent Trading Platform Advance Fee Scam
bitcoinfied.comFraudulent Trading Platform Advance Fee Scam
Bakktunt.com Bakktexe.com (Entity Impersonating Bakkt)Pig Butchering Scam Fraudulent Trading Platform Advance Fee Scam Imposter Scam
28 more rows
Apr 30, 2024

Which website is legit to earn Bitcoin? ›

Binance and CoinMarketCap are two of the best. Check in often to make sure you aren't missing out on any of the airdrops they have listed because they are frequently updated. Airdrops are taxed as income or capital gains in some countries, while other countries only tax the sale of cryptocurrency received via airdrop.

How do I know if a Bitcoin site is legit? ›

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products.

Is Bitcoin mining even worth it? ›

With the right setup, Bitcoin mining is profitable. However, there is no definitive way to know how much money you will make from Bitcoin mining. This is because there are many variables that can determine profitability. For a start, you'll need to purchase Bitcoin mining equipment – known as ASICs.

How long does it take for a Bitcoin miner to get 1 Bitcoin? ›

How Long Does It Take to Mine 1 Bitcoin? The reward for mining is 3.125 bitcoins. It takes the network about 10 minutes to mine one block, so it takes about 10 minutes to mine 3.125 bitcoins.

What are the cons of Bitcoin miner? ›

Cons of cryptocurrency mining
  • High energy consumption. ...
  • Equipment costs. ...
  • Environmental impact. ...
  • Technological complexity. ...
  • Diminishing profitability. ...
  • Tax reporting challenges. ...
  • Security vulnerabilities. ...
  • Operational and financial risk.

Can Bitcoin miners be traced? ›

Cryptocurrency mining can be detected in the network. Machine learning can be employed to detect mining services automatically. Dedicated web application collects IP addresses and service availability of various mining pool servers.

Top Articles
Latest Posts
Article information

Author: Chrissy Homenick

Last Updated:

Views: 5704

Rating: 4.3 / 5 (54 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Chrissy Homenick

Birthday: 2001-10-22

Address: 611 Kuhn Oval, Feltonbury, NY 02783-3818

Phone: +96619177651654

Job: Mining Representative

Hobby: amateur radio, Sculling, Knife making, Gardening, Watching movies, Gunsmithing, Video gaming

Introduction: My name is Chrissy Homenick, I am a tender, funny, determined, tender, glorious, fancy, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.