Is Monetag worth using on new blogs or small projects?

I’ve seen Monetag mentioned more often recently but the opinions are all over the place. Some say it’s solid, others say mixed things so I wanted to hear from people who’ve actually used it.

If you’ve run Monetag on a new site, low traffic blog or small utility project, did it give you decent CPM and stable payouts? I’m not expecting huge revenue, just something reliable enough to justify hosting.

Would love to hear your experience.