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

Hello everybody! Mid-summers day yesterday, the longest day of the year, and boy did it feel like the longest day after some of the disasters during the last business week. Maybe it’s just as well the summer is here now and the industry will probably slow down for a couple of months until September like it normally does. That doesn’t mean there won’t be some reasonable opportunities opening up for us between now and then, but it may well be the autumn before we see any real industry giants capable of replacing the ones that have just passed. Anyway, onwards and upwards as they say, and no point dwelling on the past. I want to start today’s update with a look at a new addition to the MNO monitor called StpayBitcoin. They started life earlier this week on the Basic Section of the MNO monitor before the admin upgraded to the Premium List yesterday. Before we move on to the news section then let’s see what StpayBitcoin are all about and whether you think they’re taking a gamble on or passing on.

Starting off with the investment plans then, StpayBitcoin have a pretty extreme mix of options that I’m not really sure work well together. They range from ultra short term but in my opinion way too expensive to be taken seriously for too long by anyone other than industry newbies, to a very affordable long term plan but that looks so much less attractive to bigger spenders when compared to the short term ones. But at least if you do like anything then you can join StpayBitcoin for a $1 minimum. This gets you into their longest term plan, running for 150 business days (30 weeks) and making daily interest payments from Monday to Friday. On expiry of the term StpayBitcoin offer to return your original principal, so the daily interest payments add up to become your net profit. In the case of deposits up to a maximum value of $10,000 that amount is 2.6% per business day, or 390% profit.

Higher rates are offered to bigger investors, though as we shall see the fact that the figures overlap so much makes the entire program look very badly organized and thought out. For example, amounts between $500 and $500,000 are offered 2.9% per business day, which with your principal back on expiry that’s 435% profit. But when you can also invest $500 in the previous plan running for the same term and making payments from Monday to Friday at a lower rate, that plan just becomes redundant. Likewise for sums upwards of $2,500 (million dollar maximum) StpayBitcoin are offering 3.2% per business day, or 480% profit with your principal then returned on expiry. Please note that StpayBitcoin will allow early withdrawal from this plan if you would like to take your principal back and leave before expiry. This is subject to a penalty fee of 10%.

At the complete opposite end of the scale StpayBitcoin then follow this up with two extremely high risk shorter term plans. The first of these runs for a term of 24 hours, with members getting just one single payment on expiry. It will cost you a minimum of $150 to join, and the payment, with your principal included, will depend on the amount you invest. But basically anything from the minimum up to $3,000 is offered 107%, while anything from $3,001 up to $1,000,000 is offered 125%. Though I’m sure the StpayBitcoin admin will accept more than a paltry million dollars from you if you ask nicely and say please!

As an alternative StpayBitcoin have another one day plan, except this time it’s measured in actual hours. For a $500 minimum deposit you are offered 4.5% per hour, principal included, coming to 108% in total or 8% profit. This applies to anything up to a maximum of $3,000, with larger amounts to a million dollar maximum being offered 12% per hour (188% profit).

Clearly the plans are designed to get the admin one big four figure payment from the short term plans which is probably his personal goal in setting the StpayBitcoin website up at all. The problem is that while he’s waiting for this the payments on smaller deposits are financed by principals in the long term plan, which ultimately only serves to make that plan just as high risk for investors as the short term ones.

The choice of payment processors here is a bit weird, not that the options themselves are all that unusual but it’s the very name of the program that’s so misleading, and deliberately so. StpayBitcoin have most of the usual HYIP industry stalwarts in PerfectMoney, Payeer, EgoPay, and BitCoin. But despite the use of SolidTrustPay in the program’s name, the display of a SolidTrustPay banner, the texts that state quite clearly that SolidTrustPay are their (quote) “major investment e-currency”, there is in fact no trace of STP anywhere on the StpayBitcoin website. If you wish to deposit via SolidTrustPay you are asked to contact the admin for the account details, and then make a manual transfer from your account to his. This is I have to warn you, highly unadvisable. In fact it’s very much strictly against STP’s rules and account holders there have been warned many times in the past that they are only inviting trouble on themselves if they try this. You cannot use STP to invest unless STP themselves have approved the merchant’s account and the payment button is integrated into the StpayBitcoin website. This is very unlikely ever to happen which is what makes the pretense so doubly confusing. Though not that confusing as obviously it’s intended to help the admin withdraw as much money as possible from STP to keep for himself rather than allow payments to continue automatically until the funds are eventually drained.

Likewise this same “offer” also applies to PayPal, however this is even more strongly advised against. Whatever about STP allowing a limited number of online HYIPs, PayPal operate a total 100% blanket ban on the entire industry. Ignoring that ban is again only to invite trouble on yourself.

Anyway, assuming you’re satisfied with the rest of the list and don’t intend wasting too much time waiting for anything else to be added, then payments are made manually by the admin and need to be requested from inside your StpayBitcoin member’s account area. You might expect HYIPs that offer hourly interest earnings to also include instant payouts (as many members would expect to make hourly withdrawals) though that’s not the case here. Having said that however, the admin does say payouts to members taking no more that two hours to compete.

One thing that’s going to have to be addressed sooner or later if the admin is entirely genuine about his program being taken seriously by experienced players and succeeding is the security. This is mostly below average I’m afraid, with no SSL encryption and a level of protection from DDoS attacks looking dubious at best. Being the HYIP industry I have little doubt we won’t have too long to wait before we find out exactly how good it really is. Hosting is by a provider called LotusProxy. This is a new name to me when it comes to online HYIPs, and again if industry can test how good they are then it’s this one. They are at least keeping StpayBitcoin on a dedicated server. The StpayBoin website is running off a script under license from GoldCoders, and if you have any further questions, comments, or account related issues for the admin to deal with for you then you can reach the admin by filling in your details on the online support form and submitting it. You might notice a built-in Live Chat feature in the script, but I myself have yet to see it in operation.

Overall though it’s a poorly designed and badly explained website. Messy is the word some might use to describe it, and there are a lot of contradictions between what you will see on the public area and what you will find in the members area after you actually join. For instance there’s a description of a fourth investment plan that’s supposed to make weekly payments on the homepage, but once you log in this plan mysteriously disappears (which is just as well, I would have suggested you avoid it anyway). The option to withdraw your principal on request is also mentioned somewhere, but in reality that can’t be found either. Also discrepancies in the amounts you are allowed to deposit in the various plans occur between what is stated in the public homepage of StpayBitcoin and what you actually find in the members area when you get to making the investment. This makes everything look even more unprofessional and indicative of a first time admin.

The best thing you can do here is of course to treat StpayBitcoin as you would any other online HYIP, and that is with caution and as a form of high risk gambling. I’m not saying you can’t make a profit here, indeed some people will have got in and back out already with a nice payment for themselves, but just don’t spend money in anticipation of guaranteed good luck. If you happen to like what the program is offering and like your chances of seeing a profit from it yourself, then just remember the two most important rules of self protection in the HYIP industry – always stay well under a spending limit you can comfortably afford to lose, and if joining StpayBitcoin at all then keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE HYIP INDUSTRY

STPAYBITCOIN – TEMPORARY CREDITING ACCOUNTS ON WEEKENDS AS WELL

Staying on the topic of the above reviewed StpayBitcoin, I would like to clarify that anyone who invested in the daily paying plans over this weekend will see their interest payments credited. Starting next week (as in tomorrow) you will only be paid interest from Monday to Friday (on business days) as described in the review. Some clarification was also given regarding premature principal withdrawal which is allowed for a 10% fee and a $0.20 minimum withdrawal. Please read below to find out more on that:

“Note this important Information
Valued Members,
This week,we shall pay Monday through Sunday but as from next week we will pay Monday through Friday for PLAN 1-3 and Monday through Sunday for PLAN 4-6.
If you are investing from egopay, payeer or bitcoin an amount of $1 for instant, it is better you invest $1.2 for you to be able to have exactly $1.1 in your account as any amount lesser than $1 paid to our account will be frozen. The minimum withdraw you can request is $0.2 because our system is not configured to pay any amount lesser due to the service charges of some e-currencies.
Weekly News and Addendum to Policy
StpayBitcoin – Most Reliable Online Investment!”

GENIALSTOCKEXCHANGE – MORE PROMO EMAILS ISSUED

The admin of GenialStockExchange is still promoting his program tirelessly and even vigilantly, by which I mean he sends out multiple emails daily. While I appreciate his efforts in bringing his program to as wide an audience as possible, I do believe he’s overdoing it. A lot of members might consider too many emails from as unnecessary spam, especially as they’ve already joined, and could be less inclined to deposit there. But GenialStockExchange has been nothing but superb by paying on 6%-7.5% for 20 days plan and processing instant payouts to members’ PerfectMoney, EgoPay, Payeer, and OkPay accounts. For over a month of stable payouts do of course need to speed up its growth, it’s just that the admin sending countless emails will do nothing to help the situation. For example, for the last 36 hours I received no less than ten (!) emails from GenialStockExchange, some of them duplicating ones that were sent earlier. Anyway, let’s get through them all and see how you can earn an extra $2 with them by answering some simple survey questions, how you can promote the program more efficiently, and outlining the latest efforts to make the program more appealing in developing new features there including translations to other languages. The admin also invites suggestions from members on how to promote GenialStockExchange (reviewed here) further. Below you can find some selected newsletters from the program which I received lately:

“We help small investors here to build their financial goals quickly with us
Dear Investors,
It is our constant effort to improve the life of small Investors and give them opportunity to earn more from this business.
I have explained below how we help small investors here to build their financial goals quickly with us.
1. Invest with us – in range of $10 to $50 (only for small investors who can afford very low money to invest).
2. At 6% daily you will earn net profit of 20% from this business with instant withdrawal.
3. Apart from that 20% profit we are giving away 2$ bonus for your fair and true opinion about how to improve our business.
4. You can also use our free money exchange service here to invest with us that will save your 8.5% fee (subject to minimum exchange of 50$).
5. If u look at our commission structure , it is designed to make you more profitable at 3 level RC of 7%-1%-1% . We also help you with Genial promotion kit.
To build your downline and our study says that if a small investor is determine to earn from this business, use all our tool and promote this genuine business with a zeal.
Then he or she can earn from 40$ to 120$ for just 20 days use of our services given to them.
6. We are also giving you our FBposter tool free and u can send your post daily to 200 FB groups.
7. We are also giving you a nicely crafted HTML mail along with your referral link and a list of 500+ potential investors.
If you read all above support and follow the same then with investment of just $10 u can earn atleast 44$ ( 40$ from promotion ( bear minimum) +2$ from interest +2$ from survey).
This is your own project and I am just a project manager here. we are here now since 30 days and you must be able to appreciate so far now my nature that I am not here for money.
I am not greedy or a scam admin. I really want to change the life of striggling online earner community.
So support me to help those people and start earning with this business
Happy earning. Admin”.

“Survey for members GenialStockExchange
Complete this survey and get 2$ in your account (Instant withdraw)
Thank you for participating in our survey.
Your feedback is important. We want to know you better to serve you better.
Survey Click here https://www.surveymonkey.com/s/VC95F92”.

“GenialStockExchange Up to date
Now Available in 8 Languages
Make Survey and get $2 in your account Instant withdraw
Exchange your money and get 8,5% in your account Instant withdraw”.

“Important development to help our investors to promote their referral link
Dear Investors,
Here is another important development to help our investors to promote their referral link. GenialStockExchange now provided a promotional website for each active member genial stock. Here is the website. (example)
http://genialstockmnoblog.gr8.com/
For the same website address with your reference link, please email your request to admgenialstock@gmail.com”.

“Petitioning Investors
Help GenialStockExchange to grow
Dear Investors,
Given the quality of the directors of great stock
Given the excellent support provided Genial stock investors to help generate revenue
Given the effectiveness of promotional tools developed by GenialStockExchange for its members.
Given that stock could become a great example to follow.
Given our commitment to this investment site every time “Genial Stock” not only “stock”.
We ask MNO and all other professionals to help genial stock to grow and help its place in the world of online investments.
Mike Anderson Admin.
GenialStockExchange”.

CRYPTORY – #1 SPOT RESTORED AND WEEKLY REPORT ISSUED

After the demise of the two top programs and a possible gap in the market for quality programs that might be open until as long as autumn comes, Cryptory has a unique chance to further establish its leading position in the HYIP industry which it’s enjoyed since November 2013 when it first came online. Now Cryptory is back on top of the HYIP industry as it reclaimed the #1 spot on the MNO Premium List after temporarily surrendering it to RockwellPartners and FinMutual, both of which are now finished. Cryptory were the ones who made the trend of creating investment plans with live variable accruals that grow by the second and the option to withdraw the principal or any part of it at any time so fashionable now. It’s programs that followed their example that formed the biggest single share of the HYIP market so far this year. Cryptory accepts deposits from a $50 minimum and has made instant payouts to PerfectMoney, SolidTrustPay, EgoPay, BitCoin, and OkPay for over seven consecutive months now. You can get a demo account with Cryptory if it looks a bit complicated at first. Here you can see how it all works for yourself and how unique the program truly is. It’s a good opportunity so don’t miss it, but for a clear and simple explanation of everything please read my full review of Cryptory posted here.

The main background story of the program that you might be interested in hearing about is their ability to mine BitCoins in huge quantities and thus make profits for its investors. Just be aware that the promised rate of return is usually much lower than the wider HYIP industry, something that makes Cryptory a lot more stable and sustainable in the long term. The program sends weekly newsletters every Saturday where some stats for the previous seven days can be checked. OK, we don’t know to what extent these details are true, so you should still treat Cryptory as a regular HYIP. But I must admit that in comparison to other HYIPs I’ve seen for the seven years I’ve been running MNO (and a couple more before that as a private player) Cryptory seems to be one of the best and most professionally organized programs ever. Anyway, check out their website and see for yourself. The latest weekly report from Cryptory is re-posted below:

“CRYPTORY Weekly Report
This weekly update includes both general system statistics and user statistics. The report is based on the period 14/06/14—21/06/14 and compiled from system information, company financial reports and user account information.
[14/06/14—21/06/14] SYSTEM REPORT – FINANCIAL STATEMENTS
New Equipment –16806.34 USD
Equipment Replacement –13553.5 USD
Payroll –36865.52 USD
Electricity costs –13553.5 USD
Utilities –25480.58 USD
Investments – Processors, Algorithms –40660.5 USD
The total profit of the company 54214 USD
The company turnover 146919.94 USD
[14/06/14—21/06/14] SYSTEM REPORT – NETWORK – BITCOIN
The Total CRYPTORY? Network Hash Rate 1049126425.16 Mhash/s
Blocks Mined 10
The total amount of mined Bitcoins 250 BTC
Number of mined block BlockChain Link
Block #306928 …e11caa93e84797be06f4
Block #306935 …83a3214c126750f03e34
Block #306944 …a99340e52e3b276c9d64
Block #306958 …54994e434dda90fb2602
Block #306959 …f8df0e46198038523179
Block #306960 …ba219d011034618715ab
Block #306961 …85bcb9ad5792c513873d
Block #306963 …1e2de1c611bfa3ecab3d
Block #306969 …456214dc42ba3b1ccede
Block #306972 …e2703324d8dc20bd151a
Bitcoin Fees 0.01 BTC
Orphaned blocks 0
Bitcoin Difficulty 13462580114.525
[14/06/14—21/06/14] SYSTEM REPORT – NETWORK – PROCESSORS & ELECTRICITY
Electricity Expended 90356.67 Kilowatt hour
Number of Processors I (1st generation processors) 241
Percentage of Processors I in the system 16.08 %
Processors I – Hash Rate 168699529.166 Mhash/s
Number of Processors II (2nd generation processors) 1258
Percentage of Processors II in the system 83.92 %
Processors II – Hash Rate 880426895.994 Mhash/s
[14/06/14—21/06/14] USER REPORT – SUMMARY
Dedicated hash rate 10248.8446 Mhash/s
Account Balance 51.92 USD
6-month Projected Account Balance 85.753142 USD
CRYPTORY? – Is a scalable system of distributed computing. Our powerful computing system is optimized for the emission of Bitcoins, one of the most common decentralized currencies.”

GET PAID REPORT FOR 22/06/2014 

Here is the list of the programs from my monitor that paid me for the last 36 hours:
From MNO Sticky list: –
From MNO Premium list: Cryptory, RemiTrade, FortunesUp, UniroyalChemical, OneAdClick, GrandFX, GenialStockExchange, WazaTrade, StpayBitcoin.
From MNO Standard list:  –
From MNO Basic list: ThaiMonetaryFund, SYMTLTD,  OgdenOrganization, WeasPartners, 1000Devils (the first instant payment received).

That’s about it for today, guys. Tomorrow I expect to post an updated version of the Top Five Popular Programs on MNO which sees huge changes since the last time I did such an article, and paving the way to a couple of more programs to replace them. What these programs are and whether they are worth your time and money please check out tomorrow. Also, your votes on the MNO TalkBack page is highly appreciated and I’ll be drawing the results of the latest polls very soon. See you tomorrow, guys!/a