How does Minerfarm make money?

[WadeWilson]

 They give you free gh/s and they give a lot on promotions.

 The only way if someone deposits bitcoins and purchase stuff , thats it. And since they are giving the coins for free , don't know if there would be a lot of people purchasing something they already get for free. There would be some people for sure , but not sure if enough to sustain the business ( obviously there are enough to sustain so far)


 I think of 2 things

 1- There are enough people that buy gh/s in game . In return minerfarm makes enough to sustain its viability.
 2- Minerfarm will turn out to be a scam and ''get their coins stolen' one day like maaaaany other websites.


 The reason I am asking this ; it is great and I want to jump in but have doubts.

[wpstudio]

"MinerFarm is a simulation game that you can experience Bitcoin mining"  (taken from their help page)

Meaning its just a game... its not REAL bitcoin mining.  The money you "withdraw" is coming from what someone else deposited.  If you remember its just a game then great and you can have some fun if this type of game floats your boat.

[WadeWilson]

 No s**t sherlock.

 I know it is just a game but I am talking about how they make Money out of it. You do withdraw bitcoin there right? Then you deposit too. What is their cut? How do they stay afloat?


 Why am I explaining this. Can someone who has a decent working brain answer please?

[wpstudio]

I think you've already asked and answered your question.

Plus with you even asking this question tells me you probably have an ad blocker on your browser.

Plus - really nice way to try and insult someone who is trying to spare you lose in the future because of your question "The reason I am asking this ; it is great and I want to jump in but have doubts.".  That question told me that you "WANT" to send money to this site but you want to make sure its around to pay you your money.  It's a game.  It can close up tomorrow and they WILL NOT HAVE scammed you at all.  This is NOT bitcoin mining.  So for you to ask everyone that you "want to jump in but have doubts"... that's all I need to know.

[WadeWilson]

 That is the gamble . There is no safety guard.

 They take your money , offer you more money in 4 months you can sell your miners and get double the amount you have. With that knowledge you can triple your money in a year. Thats not probable.

[Phildo]

It's very simple. People give them coins, they slowly give them back over time until they run/feel like they have enough and run off.

[avatar_kiyoshi]

Ponzi scheme of course. I can see in the first time they make an announcement thread here.

[WadeWilson]

 As I was withdrawing I saw how they make some little percent of their income. They take 0.0005 withdrawal fee + 0.0001 usual fee. If they already take the usual fee of 0.0001 of sending , the 0.0005 is only for them. Thats just absurd.

[Psi]

I too joined  and they had adsense up an running right away, think that might help cover some costs, have withdrawn successfully just from my free mine though.

[WENGER]

Well the ads shown on their website brings good amount of revenue for them since it has a lot of viewers and some who actually click to help the service running. then there's the extra withdrawal fee which is 0.0004 more than normal and one of the most important things is that since it's virtual mining, there isn't any expense for them in real life like in terms of electricity for their mining equipment's since it's all virtual so it's more profit than it looks like.

[rezilient]

Most likely they are not making profit they are highly likely to be a ponzi. This is just my opinion and do remember, what happened to ore-mine.org they do have a similar operation

[pickupcoin]

it is not possible to make money with any minerfarm, coudmining or similar game. except owner.
maybe something miserable when "service" start.
high withdrawal fee forcing you do not ask payment, and wait more time. time required for owners to go off with all coins

[wpstudio]

It could all be over already... Since the site is now not accessible anymore.

[Lituation]

It has Google ads, so Adsense money is too big considering the traffic the site gets.
It sells in game mining equipments with reasonable ROI time, so they get money from there too. It's not too hard to make money with a system like that.

[anthonycamp]

i make the final question : ? how many time till they close like 1 year or less lol

[Lituation]

i make the final question : ? how many time till they close like 1 year or less lol

Nobody can guarantee that but as long as they make profit they don't have to run away anywhere. And I know they make good money from this site. Developer also have other plans so he won't ruin his reputation for a couple of BTC's. He's already earning great.

[mexxer-2]

Well the ads shown on their website brings good amount of revenue for them since it has a lot of viewers and some who actually click to help the service running. then there's the extra withdrawal fee which is 0.0004 more than normal and one of the most important things is that since it's virtual mining, there isn't any expense for them in real life like in terms of electricity for their mining equipment's since it's all virtual so it's more profit than it looks like.

Bla Bla Bla, same as Ore-mine. They have some seeding money , which they use to fund the withdrawals themselves the first few months, the investors become happy., they invest more+ recommend others to invest. Then when they are fully saturated, they scam. No difference than any other ponzi/complicated ponzi scheme

[onlinedragon]

Minerfarm have extreme high fees I have explained a bit in the official topic what the cost are. I have reached roi in the past but selled mine miners to invest it in Ore-mine

[wpstudio]

Minerfarm have extreme high fees I have explained a bit in the official topic what the cost are. I have reached roi in the past but selled mine miners to invest it in Ore-mine

Ouch... how's that working out.

[alwinlinzee]

They make money in many ways namely ads display, your deposit etc but dont expect they will stay forever.