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

Hi all! It wasn’t exactly a frantic day for news but as usual there’s never that many “off days” in the HYIP industry either so there’s still a few interesting news updates I think you might want to hear about in the second half of today’s blog post. To get things started though I want to look at a recently launched program called CryptcoMiner that joined the MNO monitor’s Premium List a couple of days ago. It’s another of the so called perpetual style programs that allows investors to determine their own investment terms, meaning you are free to treat them as a short, medium, or long term HYIP depending on how you see fit or on how ever the mood takes you on the day. You sign up, make a deposit, claim an interest payment for as long as you think the program can realistically sustain it, and then you leave at a time of your own choosing. Such programs have been popular in recent times, this much we know, but to be honest CryptcoMiner are going to have their work cut out for them if they are going to seriously compete against some of the more established/better organized outfits that currently dominate the industry. But I can only present you with the basics about the program, it’s entirely up to you guys to decide what you do and don’t feel comfortable spending your own money on. So let’s take a look at CryptcoMiner and see if you think they’re worth adding to your portfolios.

There’s really just one investment plan to choose from, however as is usually the case with online HYIPs the CryptcoMiner admin would like to coax bigger deposits out of you with higher interest rates. So while interest rates are fixed, the final rate will depend on the size of your principal. The minimum requirement for joining is $20, and for that you can earn a daily interest payment of 3% until such a time as you decide to leave. Obviously I can’t really give any practical example of how this might work for you – your own personal strategy being unique to you – so do your own calculations before you join. The 3% rate applies to all deposits up to a maximum limit of $1,500.

That probably covers the majority of investors, but if you’re feeling particularly lucky/generous then for a deposit between $1,501 and $3,000 CryptcoMiner are offering 3.5% per calendar day. Again you collect that until such a time as you wish to leave the program, and then request your principal back.

Investors looking to spend from a $3,001 minimum up to a maximum limit of $5,000 are offered a daily interest rate of 4%, while to avail of the top rate available of 4.5% per calendar day investors will need to spend from $5,001 up to $35,000. In any event CryptcoMiner still promise they will return your principal whenever you decide you want it back.

Once you’ve completed the length of time you wanted to keep an active investment in CryptcoMiner and are now ready to leave and ask for your principal back, this is what you’ll need to do next. It’s actually pretty simple, and only involves you logging in to your members account area and clicking the “My Investments” tab in the menu. From there all you need to do is choose Cancel the entire deposit. After that you will be re-directed to the page where you can actually do a full or partial withdrawal of your original deposit. The money will then be available in your balance where it can be withdrawn as usual just like any of your earlier interest payments.

If you like the investment plan and would like to try your luck then the choice of payment processors is about as good as what you might expect from programs like CryptcoMiner. You have the option to join using most of the popular HYIP industry providers, including PerfectMoney, EgoPay, Payeer, and BitCoin. CryptcoMiner also accept direct bank wires, though generally speaking most HYIPs using this option will have a different set of rules surrounding this, such as minimum deposit, minimum withdrawal, payment time frames, and so on. I’ve never been aware of this being popular in the HYIP industry anyway, but if it is something of interest to you then contact the CryptcoMiner admin for further details. Payouts to members are made manually and so need to be requested from inside your members area. Once done, the admin asks you allow anything up to a 12 hour maximum for all transactions to be completed.

One curious feature to CryptcoMiner that I also need to mention is the exchange function. Basically this enables members to make a deposit using one payment processor and withdraw their funds to another, with no fees being charged and no real necessity to keep an investment in the program for any length of time. In the long term I really don’t think this is going to be of any benefit either to the program or the genuine investors looking to make a profit, as it looks like an unregulated loophole to be exploited and leaving the admin to pay the fees to regular exchangers if he’s left short of funds in one or another e-currency. This is about to change though as the admin says it’s just in testing mode and fees will be introduced very soon. The sooner the better I would say as otherwise it’s only being taken advantage of to the detriment of CryptcoMiner overall.

On the design and security side of things, this is where CryptcoMiner needs some work if they’re really going to be competitive against similar programs. The style of plan that CryptcoMiner offers is we know generally popular, but that by itself is no guarantee of some kind of ready-made success. Don’t get me wrong by the way, the basics here are fine such as the hosting and script, it’s just the design. CryptcoMiner is powered off a script under license from GoldCoders and slightly modified to suit the program’s needs, so it’s going to have a familiar feel to most regular industry players, and the website is hosted on a dedicated server with the support and protection of DDoSGuard. For an extra layer of protection the CryptcoMiner also has and SSL certificate from Comodo. The problem (if you want to call it that) is that the design of CryptcoMiner has been used by several other programs many times in the past. Personally I think it’s just cosmetic, and after spending so many years monitoring I don’t remember how many hundreds of programs I can tell you there are very few programs out there that don’t have at least some small part in common with each other, but for better or worse it’s always the design that seems to bother people the most. From what I’ve heard from the admin he seems genuinely unaware of this – in other words it’s the designer that’s been selling this template around rather that it being deliberately copied by the program, but no matter, the end result is the same. CryptcoMiner need to do something to set themselves apart from other online HYIPs if they are to be seriously accepted by big investors and the best time to do that is now while the program is still brand new.

If however you don’t see a similar design as any obstacle to the programs ability to pay and would like to join anyway, then you can put your questions to the admin or any account related issues you need to have dealt with by a couple of different channels. You can start by filling out your details on the online support form and submitting it through the website’s contacts page. Alternatively you can write to the CryptcoMiner admin directly at the listed e-mail address. You might also like to have a quick look at the Live Chat feature which is built in to the CryptcoMiner website as if you find an operator there you may be able to get your questions answered in real time.

Proof of what I said about the design is easily confirmed by the fact that the texts are copy/pasted and easily found in older HYIPs no longer with us. All that means to me and I’m sure the majority of experienced HYIP players is that CryptcoMiner is unlikely to be anything other that an online game and basically a form of high risk gambling. In other words yet another thing they have in common with every other online HYIP and not by itself any reason to write them off. But for the record the alleged business activities claimed by CryptcoMiner to be supporting the payouts to members seem like a badly explained mish-mash of various things from ForEx trading to BitCoin mining, none of which seem to sit particularly well together. But again, it’s mostly just talk and nothing that’s conclusively proven for investors coming to the program for the first time. Therefore as is always the way I suggest you stay well under a sensible spending limit that you can comfortably afford to lose, and if you do join CryptcoMiner then try to keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE HYIP INDUSTRY

BTCLEGACY – OKPAY AND LITECOIN ADDED

BTCLegacy keeps impressing everyone with their superb performance after 22 days online. Some skeptics that didn’t take the programs seriously from the beginning are probably kicking themselves now. The admin has already proved so many people wrong and I remind you that paying 5% to 7% daily returns with the principal returned at anytime he managed to survive a very serious and continued DDoS-attack which even BlockDos had a hard time coping with, probably sent by some competitors of BTCLegacy fearing from serious competition from them. Well, I guess they were right to worry and completely underestimated the admin’s efforts not only to keep his program afloat, but to succeed in taking it to the very top of the industry. According to the independent Top Five Popular Programs on MNO rating (read the latest issue here), BTCLegacy is the firm and undisputed leader to have won investors’ hearts and wallets. The program has been performing really well all these weeks by accepting deposits starting from $25 via PerfectMoney, EgoPay, BitCoin, and Payeer, and today the admin expanded that list by adding OkPay and LiteCoin as two further options. A newsletter was sent on that a few hours ago which I’m going to include for you below. Of course OkPay and LiteCoin are not that popular in the industry yet and I don’t believe adding them would have the same impact as let’s say SolidTrustPay or Payza, for instance. However it appears that this admin, pretty much like most other admins by the way, is being given a hard time in getting these demanding Canadians’ approval, but, fingers crossed, within the next few days we will see the list of payment methods expanding even further. For more information on BTCLegacy from which hundreds of investors have already made a nice profit please refer to the detailed review published here and the latest newsletter below:

“OKPAY and Litecoin now accepted at BTCLegacy
We have completed integration of one new payment processor, OKPAY. You can choose the OKPAY processor from the “Fund E-Wallet” page to deposit either OKPAY funds or Litecoin. The system is completely automated and live from you account dashboard now.
Thank You, BTCLegacy”.

SOLIDTRUSTPAY – LABOUR DAY BANK HOLIDAY IN CANADA

As you all know, SolidTrustPay is based in Canada so they will take a day off on all official holidays there. The next one is next Monday for the Labour Day celebrations. Please note that on that day phone support will not be working and all operations requiring the manual approval of STP staff will be delayed for one additional day. That won’t stop MNO from listing one of the most anticipated programs in recent times, the admin of which has already paid for Premium Listing on MNO (possibly to take advantage of the old prices as the new higher rates take effect on Monday). The program should appear on my monitor within the next few days. I’ll let you know about that as soon as it happens, but I’m really thrilled to hear about the admin who was so determined to get approved officially by STP that he went through all the trials and tribulations before launching his program in which SolidTrustPay will be accepted automatically. That case is so rare nowadays that the future launch will surely be an event in itself and the new program (whose name I’m not yet allowed to tell you, sorry, but it hasn’t started yet) will be a turning point in the industry and hopefully will inspire other admins to keep trying for STP approval. Meanwhile, for those keeping STP funds for HYIP investment purposes please check out the MNO monitor for new additions and read the latest update posted today on the official STP blog regarding the upcoming holiday:

“Customer Support Holiday – Labour Day
Please be advised that SolidTrust Pay’s Phone Line Support Staff will be unavailable on Monday, September 1st for Labour Day. As this is also a Federal Banking Holiday, customers are reminded to add extra processing time for deposits, withdrawals, and e-currency exchanges.
From all of us here at SolidTrust Pay, we would like to wish you a happy and safe Labour Day!”

SAFEPROFITSLTD – MOVED TO PROBLEM DUE TO SITE BEING OFFLINE

I suppose we can safely write SafeProfitsLtd off by now as their website is still offline and only some blatant lies posted on the only remaining page the admin left untouched. Well, it appears he had a reason for posting this nonsense about a server move yesterday. It’s obvious now that there’s nothing like that coming as the site is still assigned with the same IP-address. The question remains why the admin would like to lie and bring SafeProfitsLtd down instead of keeping it alive and accepting new deposits without processing payouts. Maybe a conscience? I doubt it though, as just days before he brought down the site he bizarrely offered a new three-day plan available exclusively to investors who were already in profit from the older plans. Trying to steal back the money he paid you perhaps? I doubt that any smart investors took the offer, but yet he had to close his site in such an unorthodox fashion no one expected from him. And the payments have been done almost until the last hour online too. So I have no idea what really happened to SafeProfitsLtd, but one thing is for sure – the site is no more and the admin is gone. The program is therefore moved to Problem status on the MNO monitor with no further investments recommended even if the site does miraculously pop up again at some point in the future.

GET PAID REPORT FOR 28/08/2014 

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: –
From MNO Premium list: BTCLegacy, RemiTrade, AssuredAssets, TraderWays, PurpleWealth. GlobalBuildingGroup, LaxoTrade, CryptoFarm, WeTradeWePay, CryptcoMiner (the first payments received),
From MNO Standard list: –
From MNO Basic list: TrustForexTrade, VioletStock, OgdenOrganization, BaikalsTours, 20DayGold.

That’s all for tonight, guys. I’ll see you all tomorrow with the full article explaining my goals for the new season and making MNO a place for only elite programs to be monitored. The new listing prices which will come into effect from the first of September will be also revealed and broken down into categories. The old prices will stay in place until the end of the month, so if any admins are reading this and want to save some money on listing fees they should really do so within the next few days while they still can. The regular news from the most popular programs online will also be posted, as the industry seems to be getting back on its feet now and, as they say, ready to rumble. So be a part of the biggest investment opportunities and stay with MNO in the new season to find out the best of the best!