Beware! Gener8Profit has stopped paying! Do not invest there!

Hello everyone! It’s been an eventful week in the HYIP industry to say the least. A lot of closures, either of badly run scams to which we can all say good riddance or of some quite impressive programs which unfortunately had just run their course and came to their inevitable end like they all do. But also some highly promising new programs which I really hope can take the place of the better ones that closed. Anyway, to finish up the business week I want to begin tonight’s news update with a closer look at one of the programs hoping to become one of these potential hits. It’s a new addition to the MNO monitor called Gener8Profit, though with two weeks already online it’s not exactly brand new either. The program’s list of payment options has recently underwent some improvement which I will explain below. I also believe this to be the reason why the Gener8Profit admin was waiting to join the MNO monitor. The other thing I wanted to start by saying is that Gener8Profit is a short term HYIP and has just completed the first cycle of their only investment plan. I’ll explain how that plan works for you below, but at least it means the first investors in Gener8Profit will have seen a nice return on their investment already. So let’s see what the main features are and if you think it might be worth taking a chance on.

So like I just said, Gener8Profit offer just the one single investment plan which I guess not only makes for an easy review for me, it also makes for an easy decision for you – you either like or or you don’t. Everyone gets the same rate of interest regardless of how much they invest, provided they at least spend the $10 minimum required to join the program in the first place. As shorter term HYIPs go however Gener8Profit is actually relatively sustainable, not forever obviously but at least for several cycles if the admin is any good at handling online HYIPs to begin with. The investment term runs for 15 calendar days during which Gener8Profit will pay you a daily interest rebate of 8%. This applies to all deposits starting from the $10 minimum I already mentioned right up to the maximum spend of $20,000. What makes this plan so sustainable then is that rather than return your principal on expiry, Gener8Profit are already returning it as part of your daily payments. That means that by the time the cycle is completed your payments should come to 120% of your deposit in total, which is your own money plus an extra 20% net profit on top for yourself.

To put that into simple monetary terms then, let’s pretend you were to join Gener8Profit with a nice round figure of $100. Everyday for the next 15 days following that you can make a withdrawal from the program of $8. This continues like that until you have taken back $120 in total, and that completes the term. You have your own money back plus an extra $20 courtesy of the program, at which point you can either go spend your winnings on something nice or go back and play for another round if you’re feeling lucky. Totally up to you.

On the matter of payment options, this was a bit basic at first but I think most of you will probably be aware that one particular payment handler – SolidTrustPay – is (thankfully in my opinion) a bit more thorough when it comes to checking out who they allow to open accounts with them and who they tell to take a hike. As often happens therefore a program starts off with just the basics, in this case Gener8Profit already had PerfectMoney, EgoPay, and OkPay, and then has to wait a couple of weeks before SolidTrustPay will approve them which has just happened. Payments to members are made manually by the admin and will need to be requested from inside your Gener8Profit private members account area. Something I need to clear up now about this is that I have been reading on certain forums that there seems to be the somewhat mistaken belief held by some that all Gener8Profit‘s payments are somehow made instantly. This isn’t the case. I mean maybe some of them are from time to time, I really wouldn’t know, all I can tell you for a fact is that none of my own payments so far were instant, so don’t go thinking/demanding that your own ones be instant either. Though if that so happens to be the way it works out then great, but please take it as an exception rather than the expected norm. The FAQ section explicitly states that you need to allow the Gener8Profit admin 24 hours to complete your transactions, so I suggest you plan for that and take anything faster as a nice bonus.

As for the more tech sided features to the program, Gener8Profit is running off a script that’s under license from GoldCoders. Still the most popular choice with HYIP admins, I imagine due to its relatively low cost, whatever you think of it yourself as an investor it’s almost sure that you’ll find it instantly recognizable and easy to navigate. The website has an extra layer of security with SSL encryption by Comodo, and is hosted on a dedicated server with the support and protection from malicious attacks by MaxAntiDDos. If you have any further issues you’d like to discuss with the Gener8Profit admin you don’t think were explained here or have any other account related problems you need dealing with then you can get in touch through a couple of different channels. You can start by filling in your details on the online customer support form and submitting it via the contacts page. If there’s an operator available then Gener8Profit also have a built in Live Chat feature. Fans of social networking sites will be able to find Gener8Profit keeping profiles on both Twitter and Facebook, but unfortunately I have to say I’m very disappointed to see that after two weeks online and let’s be honest, a number of decent newsworthy stories, the admin hasn’t made any use of these two potentially useful communication tools.

As for any kind of business plan backing the whole thing up, information is shall we say a bit thin and contains almost nothing on how such rates can be generated. All of which points to one very obvious thing that anyone with an ounce of experience will see very clearly – Gener8Profit is an online HYIP, as such is a gamble at best, and needs to be treated appropriately. There’s nothing to be afraid of of course, provided you always follow the most important rules to protect yourself and your money online. So never ever go past a modest spending limit you can comfortably afford to lose, and if joining Gener8Profit at all then do try and keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE HYIP INDUSTRY

POKERBYPROXY – SHORT UPDATE ON 1.14% PROFIT TODAY

Although the number one spot held by PokerByProxy on my Premium listing was short lived with GeniusCapitalLimited reclaiming the position they held for so long in under 24 hours, it seems to have had no real impact on performances. The profit reported for today was also moderate enough and barely reached 1.14%, which should still be more than enough to satisfy the majority of investors:

“Friday 22nd November 2013
Result 1.14%
yanReport A fairly boring day at the tables today, full of relatively small pots, a lot of folding, and an acceptable profit of 1.14% to go along with it. While the team played a full day of poker, most of the competing players seemed tighter than usual and unwilling to call, leaving us with a bunch of little pots, even with great cards. In one sense, it’s not a bad thing, seeing as many of our users prefer slow and steady returns, rather than wild swings. But for the players, it can be a bit boring. Either way, a win is a win!
All accounts have been updated.”

PokerByProxy has been listed on MNO for about eighty days now paying impeccably on their investment plan offering variable daily returns that depend on the team’s daily poker performance. The probable daily profit on the investment can theoretically reach 25% (though it’s never actually come remotely close to even half that) and possible daily losses are capped at 5%. This amount will be added to your principal or deducted from it and then you will be able to decide exactly what part of your principal and profit you wish to withdraw. That alone allowed many investors with the $25 minimum required to join via PerfectMoney, SolidTrustPay, EgoPay, PayPal, BitCoin, HD-Money, bank wires, and Western Union transfers to profit significantly. I hope the program continues to perform so well and payments continue for a long time to come. If you consider to invest in the program you can always read more on PokerByProxy in my detailed review posted here or in my interview with its admin Patrick posted here.

MNO TALKBACK – FIRST RESULTS AND POLL REMINDER

An important question was recently asked on my TalkBack page that I would like to hear your opinion on. As you know, December is traditionally considered not only a festive season for investors, but also a very unstable time to keep investments at the same rate you might during the rest of the year. Well, at least some people think this way, while others believe that Black December might no longer be the problem it once was because conditions in the industry have changed dramatically since last year, particularly in light of the LibertyReserve closure. That’s why it’s important to see what investors really think in the currently running poll:

“Do you have a definite investment strategy in mind for between now and the start of 2014?”

So, far the vast majority of MNO readers, 61% of you, voted to be cautious during this time, but still continue investing in their favorite programs. They took the option “December is exaggerated. I’ll be cautious, but will judge the market on a day-to-day basis.” If you agree, then please vote for it.

The second most popular option was: “Without LibertyReserve and fewer short term programs online this December will not be as bad as previous years. I will invest as usual.” This opinion is so far being held by about 22% of readers and if you also think that way please submit your vote for it on MNO TalkBack.

Finally, the least popular option with only 17% of votes was: “December is always unstable. I will slow down or stop completely until January.” Being in the minority like that I imagine gives hope to professional admins looking to run high quality programs to start new projects in December and establish their reputation to grow further in 2014.

I encourage you to vote in this poll more actively, as it’s really important to see what strategy investors like you will use in December. The poll will continue for at least another week and the results will be drawn then. Thanks to everyone for casting a vote!

GET PAID REPORT FOR 22/11/2013 

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: GeniusCapitalLimited, PureIncome, CatenaFinance, RFIGroup, BillionairesGroup, DeltaTraders, DublinCryptoriumLimited, GreenHillHoldings, InvGlobal, DailySharePro, MultiPowerVentures (the first payments received), Gener8Profit (the first payments received).
From MNO Standard list: –
From MNO Basic list: InvestAge, WelorTrade, WindStockEnergy, ValuePathFinance, ThaiMonetaryFund, Financ.

That’s all the news for tonight, guys. Not much, I know, but the best thing is to know that there are no complaints about the paying programs on MNO. If I hear anything negative then be sure that I’ll report it on my blog by tomorrow, when I’ll also have a full review of MultiPowerVentures, a short term program, plus the latest news from the industry over the last 24 hours. Stay tuned for that and see you all tomorrow!