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Beware! AmberShares has stopped paying! Do not invest there!

Hi guys! Hope you’re weekend’s been going well so far, whatever you’ve been getting up to. There hasn’t been much in the way of news stories to catch up on so far this weekend, practically nothing if any real interest in fact, so I’ve decided I may as well skip the news section this evening and catch up with everything tomorrow. What I do have for you though is a closer look at a short term HYI program called AmberShares. I should of course start off by making it perfectly clear that AmberShares is by no means a new program, having been online for over a month now. You’ll notice a great number of similarities between this and a large number of other short term HYIPs, particularly with the investment plans, but for one reason or another AmberShares seems to have become quite popular in their time online with no obvious advantage to them over the competition. But that’s up to you to decide I suppose, so let’s see what AmberShares have to offer and whether you think they still have enough left in the tank to make joining there worth your time and money.

So what about the investment plans then, the main reason most of you would have any interest in finding out about AmberShares in the first place. You’ll probably recognize the pattern, with six plans to choose from, and all with a number of features in common. They run for terms of varying lengths, are to be fair all quite affordable so even if they make some rather unfeasible offers they needn’t cost you that much if you just want to play for the fun of it, and all (except one) offer members just one single payment on expiry combining both principal and interest in one lump sum. You can join the first plan for just an $8 minimum, and it runs for a term of 1 single calendar day. So in other words join today and hope to be paid tomorrow. For anything up to a deposit of $500 AmberShares offer a return of 104%, or 4% profit. You may make a larger deposit if you can afford to, and expect a higher percentage in return. The rates are calculated as follows:
Deposits of $500 to $1,000 will earn 105%, and from $1,001 to $2,000 will earn 107%. Check the AmberShares members area for information on larger investments if interested.

The second plan takes a slight change in direction. You can still join for an $8 minimum, but will be offered daily interest payments for the term’s duration which is 3 calendar days. Anything up to $500 invested sees AmberShares pay you back 38% per day, and include your principal already as part of that. So by the time the plan expires you should have collected 114% in total, or your own money back plus 14% profit. Larger deposits can earn:
39% per day on $501 to $1,000 (17% profit), and 41% per day on anything between $1,001 and $2,000 (23% profit). The rates offered to larger amounts can be seen inside your AmberShares members account area.

The third plan runs for a term of 5 calendar days and returns to making payments on expiry. The same $8 minimum deposit is required to join and for anything up to $500 AmberShares are paying back 125% interest, a figure that includes your principal so that’s 25% profit for yourself. For anyone brave enough to go further than that then the following rates are offered:
130% for deposits between $501 and $1,000, and 140% for $1,001 up to $2,000. For the rates available to bigger deposits I suggest you see the AmberShares members area.

AmberShares‘s next plan pays on expiry after a term of 10 calendar days and costs $8 to join. Your final payment will also include your principal. The minimum cost of joining is $8 and the return will be 180% on anything up to a maximum value of $500. If you’re feeling lucky and wish to take a bigger risk then AmberShares make the following offers:
Spend from $501 to $1,000 and earn 220%, and from $1,001 to $2,000 for an offer of 300%. Again check out your AmberShares members area to see what they offer to investments bigger than that.

As you can see the plans get more and more risky as the terms get longer. So it’s time to maybe start considering how realistic these figures are before getting too excited at the enormous rates available. But at least you can still join for a minimum spend of $8 and for AmberShares‘s fifth investment plan which runs for a 20 calendar day term that can supposedly earn you 300% interest, paid on expiry and principal included, if depositing up to $500. Beyond that the rates are:
450% for $501 to $1,000, and 700% for $1,000 to $2,000. Larger investments are accepted (naturally) so for information there see the AmberShares members area.

The final plan open to you runs for 30 calendar days and pays once on expiry. The minimum deposit is $8 and for anything up to $500 the rate being offered is 500%. Higher rates include:
700% for $501 to $1,000, and 1,000% for $1,001 to $2,000. And if all that doesn’t sound unfeasible enough then check out the AmberShares members area for even more outlandish figures.

Most of you will probably know those plans backwards by now, or at least those of you who like playing HYIPs such as AmberShares. I guess you’ll already have known whether you like it or not before you read about it on MNO, but if you do then payment options will be the next thing you need to know about. AmberShares are up to a reasonable industry standard on that front, with nothing exactly ground breaking but all the popular HYIP industry handlers being listed. You can use any of PerfectMoney, EgoPay, or SolidTrustPay to join the program. Payouts to members are not made instantly and will have to be done manually by the program’s admin. For this you will need to log into your private AmberShares members account area and make a request. Once done you are then asked to allow anything up to a further 24 hours for your transaction to be completed.

On the more technical side of things, the AmberShares website is running off a script that’s under license from GoldCoders as I’m sure most of the regular industry players might have recognized. For an extra layer of protection they are using SSL encryption by Comodo and for their hosting provider AmberShares is on a dedicated server with the support and protection of MaxAntiDDos. For any further questions for the admin you didn’t think were explained here or any account related issues you need taken care of then you can get in touch by filling out your details on the online customer support form and submitting it via the contacts page. You can also find a Facebook group you can check out if you’re a member.

It’s unlikely that many of you (I would hope!) are genuinely holding the belief that there could possibly be anything other than an online HYIP at work here, or that payments to members aren’t 100% dependent on new deposits outnumbering withdrawals. That’s more or less the gamble you take with every online HYIP, not just AmberShares. A very short couple of lines, a word-for-word copy, of which can be seen on various similar HYIP websites by the way, gives some very vague and sketchy material about a business model that’s sustainable. And while I must admit a month online for a program like AmberShares, something not all of the similar online HYIPs with the same type of plan ever manage to achieve, it doesn’t make it a sustainable long term business. Like I said, most of you know that quite well, I just feel the need to repeat it for the benefit of those coming to the online HYIP industry for the first time. No need for absolutely everyone to learn absolutely every lesson the hard way, right? So remember to weigh up all the pros and cons before spending anything at all, and if you then decide to go for it then do so only with a sensible sum of money it wouldn’t bother you to lose, and if joining AmberShares at all then try and keep them as a smaller part of a wider more diverse portfolio.


Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: IncomeAlways.
From MNO Premium list: PureIncome, CatenaFinance, RFIGroupDublinCryptoriumLimited, MultiPowerVentures, RemiTrade, DailySharePro, FinMutual, ApexBinary.
From MNO Standard list: AmberShares.
From MNO Basic list: InvestmentCapital, ForexShare, WelorTrade, ThaiMonetaryFund, InsideForexGroup.

That’s all for today then, guys. Thanks for reading and I just want to leave with a reminder of the opinion poll currently running on the MNO TalkBack page where you can share your own experience of how the industry was for you in 2013. And if you enjoy reading MNO and find any of the information here useful to you then please remember that you can always subscribe to get e-mail updates instead. All the articles, exactly as they appear on my blog, will be sent directly to your inbox simply by filling in your address in the subscription box near the top right hand side of my main blog page and then following the confirmation link you will be sent after doing so. Remember you can unsubscribe at any time very quickly simply by clicking the button removing your from the service which is included in every mail sent, so what have you got to lose? It can be convenient but do remember to continue checking my monitor every day for the best possible service and the most up-to-date statuses. Anyway, see you all tomorrow guys, and enjoy the rest of your weekend!

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