31/05/2014. PowerProfit Review and Daily News from the HYIP Industry

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

Hi everyone! It’s Saturday again so I hope you’re all having a good weekend and taking it easy for a while, especially if your week was as busy as mine. I didn’t publish last night as you will have noticed, not because of a lack of something to say but rather the ongoing situation with PerfectMoney being unclear. As most of you are aware the payment processor’s website has been quite intermittent for the last day or two, so I thought it might be better to see how things played out there before publishing. It seems to be back to normal at the time of writing, so let’s hope that’s the end of it.

I’m not finished with my work for the week just yet (not by a long shot!) as apart from the main events in the HYIP industry that we’ll be catching up with in the news section I still have a couple of new programs on my monitor to get through. Today it’s the turn of a very interesting short to mid term program called PowerProfit, which kinda reminds me that from the most recent batch of programs that were added to MNO over the last week or so there’s been some very diverse, original, and innovative projects in there. PowerProfit would definitely be among those as they try and put their own stamp on their plans and try and make them more memorable – something very important when you’re competing against dozens of other HYIPs offering similar returns. So let’s take a closer look at PowerProfit and see what they’re all about, and if you think they might be worth taking a chance on adding to your portfolios.

I suppose I should start by saying that PowerProfit isn’t exactly new on the HYIP scene. Strictly speaking they’ve been online since last Christmas, though I doubt very many of you will know them yet. It’s not an unheard of tactic in the HYIP industry for admins to launch programs very discretely, then bury them to make sure any activities are kept to a minimum. When they are finally ready to get serious with them then, they can roll them out to the public as these “long established” programs with supposedly unbroken payment records stretching back however many months they were being kept on ice. In reality it’s only now that PowerProfit begins to be taken seriously though. The website and the plans have undergone a complete overhaul and the admin is starting his promotional efforts in earnest. For all intents and purposes then, you may as well treat PowerProfit as a new program.

What a lot of people will like about the PowerProfit investment plans is how flexible they are and the number of different options available even within the same plan. What happens is at first they look a bit like traditional HYIP plans, and indeed that is how they work – you join, your money is frozen for a fixed term, you receive a daily interest payment, and then the principal is returned. It’s at this point where PowerProfit breaks away from the regular HYIPs – on expiry of the term. You have the option to request your principal back as usual and leave the program, or else you are free to leave it in place and continue earning the same rate of interest indefinitely, in other words until you eventually do decide to leave. Think of the fixed term more like a sort of minimum lock-in period then, after which you can to stay or leave in your own time. Certainly the popular trend in the industry at the moment is to allow members a greater degree of freedom in managing their own accounts. Some of the biggest programs in recent months have been doing this, so fingers crossed PowerProfit might take advantage of their popularity. Time will eventually tell, I suppose.

As for the numbers themselves, you have six plans to choose from, all of which are very affordable, and starting with one that runs for 5 calendar days. PowerProfit ask a $10 minimum to join, and once done you are then given a daily interest rate of 3%. On expiry you may then either take your principal back with a net profit of 15%, or else turn the plan into a longer term option and keep collecting the 3% per day for as long as you think the program is viable. There are no withdrawal fees on your principal should you decide to stay. Maximum spend is $100,000.

PowerProfit‘s second plan, also open to deposits of $10 and upwards to a $100,000 maximum, runs for a minimum term of 10 calendar days. During this time you can earn a daily interest payment of 4%, allowing for a 40% net profit on expiry. If you’re happy with that then you can take your principal back and leave, or leave it there and have PowerProfit keep paying you until you decide to go. No fees will be incurred here either. PowerProfit do not allow compounding for their first plan, but for this one and the others they do. Rates will vary, starting with 0% to 80% for this one.

This if followed by a plan running for at least 15 calendar days, and also allowing deposits from at least $10 to at most $100,000. PowerProfit pay you a daily return of 5% as long as you remain a member here, giving you 75% net profit once the term expires, or more should you decide to remain a member. Just remember that from this point on PowerProfit will start charging members a nominal withdrawal fee. It varies from plan to plan but for this one it’s going to be 2% of your principal. This is only charged if you decide to stay any longer than the 15 day minimum, although when you’re getting 5% every day a one time charge of 2% is hardly worth mentioning. Compounding is allowed to a 60% maximum.

Plan number four on the list is equally affordable with a $10 minimum, or equally extravagant if you prefer with a $100,000 maximum. The term runs for a minimum duration of 20 calendar days while members receive a 6% daily payment. That comes to 120% net profit by the end, at which point you can either withdraw your principal and leave or continue earning for a bit longer depending on how confident you feel about the program’s chances of survival. The principal withdrawal fee is 5% for staying beyond the lock-in period and compounding is permitted to a maximum level of 40%.

This is followed by a plan running for 25 calendar days, during which PowerProfit are paying their members a daily rate of 7% interest on deposits ranging between a $10 minimum and a $100,000 maximum. Payments add up to 175% by the end of the term, when you can either leave or stay put for as much longer as you like. If you do stay past the original 25 days then PowerProfit will charge you 10% to withdraw your principal. Compounding is offered up to a maximum value of 20%.

And finally PowerProfit‘s last plan locks your principal in for 30 calendar days. It’s the riskiest of all their options given that it places the greatest financial pressure on the program’s cash flow reserves, i.e. the highest rate of interest for the longest number of days, so if you’re tempted by it you might at least think about splitting your deposit between plans, with the smaller portion going here. Members are offered 8% interest per day, and on expiry PowerProfit will either return your principal for free leaving you with a net profit of 240%, or else allow you to stay (if you wish) but charge a 15% fee when you eventually ask to leave. Compounding is no longer available if you’re opting to join this plan. Oh, I almost forgot to say the investment amounts remain unchanged with a $10 minimum or a $100,000 maximum.

Next up then assuming you’re looking to go ahead with an investment in PowerProfit is of course the payment options. The list is far from comprehensive, though when it comes to HYIPs like this one I’d say it’s probably as good a choice as is likely to be offered. PowerProfit can be joined using any of PerfectMoney, EgoPay, Payeer, or BitCoin. Payouts to members are made manually by the PowerProfit admin and so need to be requested from inside your members area. To be honest that’s not entirely true. I mean yes, you need to request them, though for me all my payments were instant so far and completed in under a minute. It’s just that this isn’t explicitly guaranteed by PowerProfit, and you are asked to allow up to 24 hours to be sure of it. Otherwise just accept the instant payments as a nice bonus when you get them. Please note by the way that instant payments will NOT be applicable to BitCoin payouts at any time.

So if all that’s agreeable with you then let’s move on to the more technical, design and security features of the program. The PowerProfit website is up to a decent enough standard and everything is explained quite well so there shouldn’t be too much confusion about anything. It’s available in two languages – English and Russian – but it looks to me as if Russian is clearly the native tongue here. The script is under license from GoldCoders so should give a very familiar feel and be easy to navigate for most of the regular industry players. The PowerProfit website itself then is further secured to allow safer browsing and more secure transactions with SSL encryption by Comodo. Hosting is provided on a dedicated server with the support and protection from malicious attacks by DDoSGuard. Any further questions for the admin or account related issues you need to have dealt with then PowerProfit can be contacted by filling in your details on the online e-mail support form and submitting it via the customer support page. In addition to that PowerProfit also have a Skype account (though no information as to when or if you can find an operator there) but it’s worth checking anyway before you start composing any mails. Fans of social networking sites will find PowerProfit keeping a Facebook account so you can try and connect with them there as well. Incidentally, the website contains an icon for Live Chat support, but currently this does not in fact work.

Original plans and an original approach to organizing a program are always great selling points, this much I admin and would concede that it’s always a welcome sight when an admin at least tries to make the effort. Originality will never hurt a program after all. What none of this will ever guarantee you is the stability of your payouts or the safety of your deposit. When you join PowerProfit or any other online HYIP remember you are handing your money over to random strangers you will never meet in real life. So a certain gamble is always required, and as experienced players all know, you can’t avoid it but you can reduce its impact. To start with you need to always always always stay within a sensible spending limit that you can afford to lose. And if you do join PowerProfit then remember to keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE HYIP INDUSTRY

PROFITABLEMARKETS – SLIGHT DELAY IN WITHDRAWALS TO PERFECTMONEY RESOLVED

As reported PerfectMoney had some severe problems on Thursday, with many members unable to load the website in countless locations around the world. So when this happened again last night, as predicted it adversely affected some of the weaker short term programs. Unfortunately there were some closures then over the last 24 hours, but at least the good news is that the stronger ones like ProfitableMarkets have come through unscathed and continued paying as usual after PerfectMoney returned to normal early this morning. Although the waiting time for processing the withdrawals to PerfectMoney didn’t even come close to the promised 48 hour maximum, some members were quite concerned by the delays and the admin clearly having some experience in the industry knew enough to update members on the situation:

“PerfectMoney Website is Loading Online Again
There was a slight delay with processing withdrawals due to the downtime or inaccessibility of the website of one of our main payment processors, Perfectmoney.is. It is finally loading perfectly and usable for paying and depositing again.
Withdrawals processed are all processed.
Truly Yours, Alfred Khoury
Administrator of ProfitableMarkets.”

I must say that ProfitableMarkets has impressed many already with its remarkable near forty days online. It might not sound much, but for a short-term game paying 102.5%-115% after 1 day, 106%-150% after 2 days, 114%-250% after 4 days, 130%-400% after 8 days, 180%-850% after 16 days, 330%-2,000% after 32 days it’s exceptional. Payments to PerfectMoney, EgoPay, BitCoin, and Payeer have been stable so far, and hopefully joining the MNO monitor will help this to continue. Anyway, the growing popularity of my website during the last week or so and the obvious surge in activity among both HYIP admins and investors alike gives me some optimism. I was paid for the first time by ProfitableMarkets today so was moved to Paying Status and will be reviewed in more detail tomorrow.

CRYPTORY – ANOTHER WEEKLY REPORT

Cryptory (reviewed here) launched back in November 2013 led the revival of the seemingly long-forgotten no expiry programs. Countless programs followed in its wake and looks to be the driving trend in the HYIP industry at the moment. The ability to see your balance growing in real time (see the Demo Account on the website to see what I mean) and instant payouts have played their part as well of course. The minimum to deposit is an above average $50 which must be maintained in your account at all times to continue receiving interest payments, but an abundance of accepted payment methods compensates for that. Cryptory takes SolidTrustPay, EgoPay, PerfectMoney, BitCoin, OkPay, and even direct Bank wires. The option to withdraw your profits and any part of the principal at any time and be paid instantly is what appeals most to investors who decide their own investment strategy helped Cryptory into the Top Five most popular programs on MNO where it occupies the #3 position at the moment (please read the article on Top Five Programs on MNO here). The one interesting thing I noticed about Cryptory which you mightn’t have realized yet is that the general earnings on your interest have recently increased following them starting to publish their weekly BitCoin mining reports, supposedly aimed at getting investors who already left the program to reconsider and not go to the main competitor. I’m talking mostly about RockwellPartners here, of course, which is the most popular program anywhere for the last couple months. So maybe give a second thought to getting back to Cryptory and check the latest returns for yourself. The level of flexibility in the program allows the admin to jiggle with the payments and so maintain them for over six months now with no major hiccups. Let’s hope it continues. For the latest weekly report please read below:

“CRYPTORY Weekly Report
This weekly update includes both general system statistics and user statistics. The report is based on the period 24/05/14—31/05/14 and compiled from system information, company financial reports and user account information.
[24/05/14—31/05/14] SYSTEM REPORT – FINANCIAL STATEMENTS
New Equipment –12846.72 USD
Equipment Replacement –10036.5 USD
Payroll –27700.74 USD
Electricity costs –8029.2 USD
Utilities –18868.62 USD
Investments – Processors, Algorithms –29708.04 USD
The total profit of the company 40146 USD
The company turnover 107189.82 USD
[24/05/14—31/05/14] SYSTEM REPORT – NETWORK – BITCOIN
The Total CRYPTORY® Network Hash Rate 570363224.48 Mhash/s
Blocks Mined 7
The total amount of mined Bitcoins 175 BTC
Number of mined block BlockChain Link
Block #303367 …4c8fa8a4cd8b44f2f655
Block #303370 …6930413d9376e1aba79d
Block #303378 …4934687cb695000f9326
Block #303390 …7b653487bb3206cbe416
Block #303403 …f230f9a433bb3f502c2e
Block #303406 …4db7a995d4ec5fc5c5bb
Block #303414 …9441f5ca0361d1ad4b7e
Bitcoin Fees 0.02 BTC
Orphaned blocks 0
Bitcoin Difficulty 10455720138.485
[24/05/14—31/05/14] SYSTEM REPORT – NETWORK – PROCESSORS & ELECTRICITY
Electricity Expended 53528 Kilowatt hour
Number of Processors I (1st generation processors) 340
Percentage of Processors I in the system 22.73 %
Processors I – Hash Rate 129643560.924 Mhash/s
Number of Processors II (2nd generation processors) 1156
Percentage of Processors II in the system 77.27 %
Processors II – Hash Rate 440719663.556 Mhash/s
[24/05/14—31/05/14] USER REPORT – SUMMARY
Dedicated hash rate 7880.8022 Mhash/s
Total Income [24/05/14-31/05/14] 0.94 USD
Account Balance 51.4 USD
6-month Projected Account Balance 84.8999084 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.”

FINMUTUAL – ANOTHER WEEK – ANOTHER BONUS

As you might know already, another popular program from the MNO Premium List FinMutual (currently ranked at #2) is offering deposit bonuses to new investors which can vary depending on any given week and whether it’s a weekend or a weekday. These bonuses are not a warning sign in any case as the admin has been offering them for quite a few weeks already and the program continues paying promptly on the 1.8%-2.6% for 160 business days plan to a wide range of payment processors including SolidTrustPay, EgoPay, PerfectMoney, PexPay, BitCoin, LiteCoin, OkPay, and Payeer. Deposits in FinMutual start from $25 and the program has been online for over ten months, listed on MNO for six of them. More on FinMutual can be found in my detailed review published here and more information on this week’s deposit bonuses which could add from 6% to 8% extra on top of the invested amount please read below:

“FinMutual Variable Deposit Bonus Schedule
It is that time to update our variable deposit bonus schedule. For deposits from now through Sunday, June 1st, 11:59PM Eastern Daylight time, a 8% deposit bonus will be applied.
For deposits from Monday, June 2nd 12 Midnight Eastern Daylight Time to Friday, June 6th 5PM Eastern Daylight Time, a 6% deposit bonus will be applied. Thank you for your continued participation in FinMutual and your participation in our variable deposit bonus program over the last 2 months based on funds performance. An extra congratulations to those who first adopted our variable deposit bonus program and are in profit on those new deposits with variable bonuses applied. Please open a support ticket if you have any questions about our variable deposit bonus program.”

GET PAID REPORT FOR 31/05/2014 

Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: –
From MNO Premium list: RockwellPartners, FinMutual, Cryptory, Eazzy, 5DailyPro, RemiTrade, UniroyalChemical, LucrativaLimited, OneAdClick, AssuredAssets, Clarvin, WazaTrade, PowerProfit, GepardAlliance.
From MNO Standard list: Zippfy.
From MNO Basic list: ThaiMonetaryFund, ZeusInvest, VictorCoins, FortunesUp, SmilesFortune, OgdenOrganization, SYMTLTD, RoyalUnionInvestment, TrustForexTrade, RedLines.

That’s all the news for tonight, guys. Hope you enjoy the daily updates with the reviews of the best-selling investment programs online. Tune in tomorrow for the promised review of ProfitableMarkets, the short term program with a long term history. Please also keep voting on the MNO TalkBack poll and stay active on the MNO ShoutBox. Have a good weekend ahead and see to you again tomorrow!