15/12/2010. PrimoEarnings Review and Daily News from the Industry

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everyone! If there are two things you can rely on every year it’s that December brings Christmas and Christmas brings uncertainty and instability to the HYIP industry. And it looks like 2010 has been no exception. More about than in a few moments but first I want to look at a new short term HYIP with an interesting angle on how maybe not to break the cycle but to avoid it altogether. It’s called PrimoEarnings and they’ve been operating since last weekend.

Before I had even looked at the plans the first thing that struck me about PrimoEarnings was their choice of payment processor. They’re the only online HYIP that I’m aware of to only deal exclusively with AlertPay. No LibertyReserve and no PerfectMoney. Just AlertPay. Now I know a lot of you will be thinking that tons of other programs also took AlertPay and it didn’t stop them from closing, so why is this any different? Well, the fact is that when any single HYIP collapses the bulk of the money that gets lost has been channeled through LibertyReserve because AlertPay set limits on how much an admin can withdraw in a week. That doesn’t make PrimoEarnings any less dependent on cash flow than any other online HYIP of course and there are a million things that can go wrong with any program. But in this case the admin running off with tens of thousands of dollars a day or two before Christmas is less likely to be one of them.

So anyway, what about the plans? There’s three of them to choose from with nothing too unusual and all fairly run of the mill industry standards that pay on expiry. The first of them runs for a term of 7 calendar days and can be joined for a $10 minimum. After the term elapses you can expect a return of 112% with your principal included. For a simple example that would mean a $100 spend gets you $112 in return. The maximum deposit is $25,000.

The second option runs for a term of 14 calendar days and can be joined with a deposit ranging from a $10 minimum to a $35,000 maximum. One single interest payment will be made on expiry and is to the tune of 128% including your principal. So for a $100 investment PrimoEarnings will return $128.

PrimoEarnings‘ third plan – which is the riskiest but still by no means expensive so maybe worth a small portion of your overall deposit if you’re feeling lucky – runs for 30 calendar days. You can join for the same $10 minimum as the others but the maximum jumps to $50,000 (as if you’re interested!). The interest is again in the form of one single payment made on expiry. You are offered 180%, principal included. So for a $100 spend you can hope to get back $180.

I’ve already mentioned the payment options which for now is limited to just AlertPay. I must say it’s refreshing to say that in a review for once as usually if it’s limited then it’s always LibertyReserve. But if you don’t use AP for some reason then not to worry. It’s just a temporary situation and the addition of LibertyReserve and PerfectMoney is in the pipeline for January 10, 2011. The plans are tempting enough and the payouts are instant. I collected the first ref com payment yesterday and can vouch for that, so I think it’s a safe assumption that when LR and PM are eventually added then they’ll be instant as well. By the time that happens I imagine the admin’s plan is to be able to present PrimoEarnings as a well established program with a solid history of payments behind it. The general rule of every business needing new money to keep moving still applies of course, and that’s the cornerstone of any successful HYIP no matter what the source of that money is. But in my opinion it’s an interesting and original concept and I’m looking forward to seeing how it works out.

Incidentally I am of course well aware that many of you have misgivings about joining new programs at this time of year and I can’t say I blame you. So if you want to think about it more seriously once PrimoEarnings first cycle is completed then that happens on Saturday. Be sure to keep an eye on MNO and I’ll make sure you’re updated on that.

PrimoEarnings has some decent security features as well. This includes an SSL protected website on a dedicated server managed by Dragonara and a licensed script from GoldCoders. If you have any questions for the admin then you can reach him either by filling in your details on the support form on the contacts page or by e-mailing him directly.

The texts are original enough though to be honest they don’t say much beyond the usual HYIP blurb anyway and there’s nothing really of substance there worthy of being noted. But what’s more original than the text is the concept of an admin only dealing with money that he can’t scam from you in significant quantities while the industry undergoes it’s annual turmoil. Interesting times ahead for PrimoEarnings, that’s for sure and I for one really hope it works out. Who knows? If it does then hopefully things like this might eventually become a familiar sight every December. I’ll keep my fingers crossed but for now don’t be tempted to ignore all the usual warnings when working online and keep yourself and your money safe at all times. Keep it realistic and keep it affordable and enjoy the game.

DAILY NEWS FROM THE INDUSTRY.

Let’s stay on the topic of the above reviewed PrimoEarnings. Some attentive readers of MNO noticed that just a few hours after introducing the program on my blog last night the site of PrimoEarnings went offline for some odd reason. After contacting the admin of the program Trevor it was clear that his site was under a huge DDoS attack and he apparently received an offer from his hosting Dragonara to upgrade the security of the website for a big chunk of money which he subsequently agreed to pay due to having little other choice. The site is currently online and I guess with the upgraded protection Dragonara will provide a much better service to PrimoEarnings than it had so far. Here is the reply I got from Trevor regarding the inaccessibility of PrimoEarnings for a few hours today:
“Hi, Paul! Site is back online. We upgraded our dedicated server to Webpipe protection which cost $699. Site will be no more offline.
Also site was offline earlier because of dragonara server upgrade few more servers was offline too.
Dragonara transferred it to new IP address (of webpipe ddos protection) and change DNS record. Site should be online in few hours. For me site loads already fine.”

As such long downtimes can be very damaging for a very short term programs like LrPmBrokers and PrimitiveMoney I wonder what happened to them as they were also hosted on Dragonara servers and there could be some issues with server upgrades and DDoS attacks on them. I still can’t access those sites and cannot get a reply from the admins either, perhaps due to having their email addresses located on their domains. If getting them back online requires paying a few hundred dollars for the protection upgrade though I’m not sure if the admins have such money to pay for it. Anyway, it’s sad but true that good programs can be a victim of DDoS attacks nowadays which their hosting provider (even such a famous one like Dragonara) cannot cope with. LrPmBrokers was online for 9 days which was quite a long time for a program paying on 1-3 day cycles but PrimitiveMoney just began its work and just last night I received a substantial second payout on my own two day plan. I simply cannot believe that a program that paid instantly up to the last minute when it stayed online could scam and actually make its site inaccessible for some reason. It would rather leave the site online and accept the payments from unsuspecting investors for a few more days as simply going offline makes absolutely no sense to me. So apparently we have hosting issues here with both LrPmBrokers and PrimitiveMoney. Unlike other programs though these ones would be very vulnerable to go offline even for one day and the subsequent investments in them might be dangerous even if they return online soon. So as sad as it sounds, I’ve made up up my mind to put both programs to Waiting status on MNO for the time being. Please be aware that even when/if those programs are back online further investments in them would not be recommended if the instant payouts will be disabled. So please check thoroughly before investing with them at this point. I will give you more news on that if I get any soon, so stay tuned for that.

After yesterday’s collapse of Flamanta (confirmed already!) I have to report about yet another closure of a very good performer FiboTradePro the payments from which have been pending for three days now. The program started back in July 2010 and after a few weeks of stable payouts as a short-term program was suddenly turned into a low-ROI hit paying 1.5%-2% for 100 days with no principal returned on expiry. To tell you the truth, I was quite skeptical from the beginning regarding this sudden transformation but FiboTradePro managed to prove me wrong by surviving a few more months and puting many members who believed in this change into good profits. Unfortunately, it looks it was not able to survive Black December which already saw the collapse of such huge hits like CherryShares, OilStructure and most recently Flamanta. I wonder if we see more collapse of low-ROI programs when we are approaching Christmas and if actually the short-term games will prove to be more popular and profitable than the already established slowly paying HYIPs which seem to be collapsing every day now due to the domino effect caused by the recent instability. Anyway, we will wait and see how the situation develops within the next few weeks as it’s nearly impossible to predict in which direction the HYIP industry will be heading in 2011.

After yesterday’s announcement of the huge $500 prize which will be paid to the lucky winner of the video presentation contest held by the admin of FelixFunds Felix (interviewed here) he had to make a follow up update today. Apparently the members would like to know more details and requirements which will help them to get this huge bonanza just in time for Christmas Eve which will definitely be as goon as any present from Santa Claus. So in the latest newsletter from Felix outlined a general direction to which your video presentation should be aimed at (not to be boring but rather funny). If you don’t have the necessary skills to make a video presentation or are just plain lazy, you still can win $5 daily by participating in the daily cash contest sponsored by FelixFunds that is still running in the appropriate thread on the MNO forum and where every forum member has an equal chance to be a winner and pocket a daily cash prize to their LR account. I wish you all good luck with the contests held by FelixFunds and welcome you to read my detailed review of the program here where you will see more details about the currently offered 1.2%-2.3% perpetual plan with daily payouts on expiry and the possibility to withdraw your principal back at any moment with a 15% fee. The Winter promo plan is still on offer as well and by joining it you can get 117% profit after 15 calendar days for the deposits over $200 made via AlertPay, LibertyReserve or PerfectMoney payment processors. This is the latest newsletter from FelixFunds regarding the requirements for the video presentation the admin is looking for:
“We’ve got a lot of questions regarding our video presentation contest and how the video should be made. I’ll give you a couple of clues here: did you saw 2012 movie (last edition)? There was a crazy guy who made a video presentation for what he think would happen in 2012 with a dinosaur and so on…was funny but made his point…i don’t say you should made such a cartoon..not many has the necessary skills for that…but the funny point it’s important.
I’ll give you another clue now: let’s say a guys is watching the monitor and see how other sites scammed him and smash his head on the computer…then he saw FelixFunds and he will be happy ever after…or something like this. We need a video that is funny, members would love to watch, but in the same time to be clear and made the point for any newbie. People don’t like to watch professional video presentations, boring and with a language that only a few people would understand. We want something funny, clear but to tell exactly what any newbie would understand. And beside this, anybody will always remember a video that is a little funny and they watch it with pleasure. That’s what we want. Also we think that if who ever is willing to participate into this contest would announce his intentions on forums or blogs, would help this contest to be a much bigger success. In our opinion competition is the mother of progress. Hope this helped you and looking forward to get the videos from you and pay the prize to the winner.
Regards, Felix”.

The first Christmas themed short term program has been listed on MNO tonight and is called ChristmasCracker. I guess you can all play it for fun as it just started today and offers a variety of short- and extremely short-term investment plans with $1 minimum in each and LibertyReserve and PerfectMoney accepted as payment processors. The payments are promised to be made instantly but I can only confirm it on my blog tomorrow when hopefully I will receive my first payout from 103% after 1 day plan. This is the shortest possible plan to go with in ChristmasCracker and the others include: 107% after 2 days, 112% after 3 days, 123% after 5 days, 150% after 10 days, 190% after 15 days. The program is running off a licensed GoldCoders script and is hosted on a dedicated server with BlackLotus protection. ChristmasCracker has a beautifully presented and well-designed Christmas based theme and will definitely put you into the festive spirit. As long as you win that is. Just remember that the admin of the program opened it mostly to buy Christmas presents for himself so play it carefully and good luck in cracking them in your favor!

The programs that paid me today are the following:
AllianceAdvantage, ProfitixGroup, FutureTrails, FenixTrust, Konstant, PandaTrade, TetraMetals, YamaFinance, FelixFunds, FxEconomy, RedOrchidInvest, Greenvestment, XSeedFinance, FondosMayores, YesInvestment, GainBucks, ProfitEu, 144CashAds, Finansima, MetalicFund, RussianOilFund, MutualTreaty, RevenueBuild, AssetManagement, ECashBroker, PrimoEarnings, InvestPlatforms and GoldMiningFund (the first payment received).

I would like to sincerely thank all those readers who took the opportunity to vote for MNO on eCommerceJournal where MNO is still leading their annual poll in the category of the best e-commerce blog of 2010. I’m aware that it’s still a long way to go before the final results are tallied and announced in 2011 but just would like to thank you all for this wonderful support you’re showing me. I’m very pleased to see that MNO is still a very popular blog despite this hard year for all of us in the industry and I believe that better times await us in 2011. Anyway, I would really appreciate if you take a minute from your busy schedule and submit your vote for MNO on eCommerceJournal poll here. Thanks in advance for all your support, guys!

That’s about it for today. I hope you enjoyed the news updates and I will see you on my blog tomorrow with another review and more news and updates from the HYIP industry. Don’t forget to subscribe to get my daily news delivered to your mailbox every morning if you haven’t done so already (the subscription form is located on the top of the right sidebar just under the eCommerceJournal voting image). Stick with MNO and check back often because I’m always glad to see you on my blog. You know it makes sense!