{"id":11011,"date":"2014-05-14T05:51:34","date_gmt":"2014-05-14T11:51:34","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=11011"},"modified":"2014-05-14T05:56:06","modified_gmt":"2014-05-14T11:56:06","slug":"14052014-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2014\/05\/14\/14052014-daily-news-hyip-industry\/","title":{"rendered":"14\/05\/2014. Daily News from the HYIP Industry"},"content":{"rendered":"<p>Hi guys! It&#8217;s been a mixed day for news stories in the industry to say the least, though as always MNO is the place to find all the latest news and updates from the most popular programs online. In today&#8217;s issue you&#8217;ll find the latest from my readers&#8217; favorite <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> and an update on the deposit bonus from <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a>. Also, I have two warnings regarding <b>GramStock<\/b> and <b>OilRigContractors<\/b>, so please keep reading to find out more.<\/p>\n<p><a name=\"bf\"><\/a><br \/>\n<span style=\"color: #008000;\"><strong><a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BITCOFINANCIAL<\/a> \u2013 TIPS ON HOW TO PREVENT YOUR ACCOUNT BEING COMPROMISED<\/strong><\/span><\/p>\n<p>As expected in my original review of <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> (published <a href=\"http:\/\/money-news-online.com\/blog\/2014\/04\/16\/16042014-bitcofinancial-review-daily-news-hyip-industry\/\">here<\/a>), this program was definitely one to watch and has won the hearts of investors with an outstanding performance. Excellent support plus fast (in many cases, instantly processed) payouts to SolidTrustPay, EgoPay, PerfectMoney, BitCoin, Payeer, and PexPay. Reaching #2 on the MNO Premium List after just a month online is a very hard task, but this admin has done so (read the article on Top Five popular programs on MNO <a href=\"http:\/\/money-news-online.com\/blog\/2014\/04\/21\/21042014-top-five-popularprograms-mno-daily-news-hyip-industry\/\">here<\/a>). The program is certainly developing nicely, because the admin adjusted the investment plans slightly and modified the second plan to make it 2.5% daily forever, until you make your principal withdrawal which places the program on par with the undoubted leader of the HYIP industry <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=706\">RockwellPartners<\/a> (reviewed here) that also offers a similar investment plan. That was a really good marketing trick that the admin of <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> Jocelyn pulled a couple of weeks ago which boosted the popularity of her program even further. The original investment plan offered by <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> since the beginning remains unchanged paying 5% for 30 days and the first investors from day one \u2013 the day when <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> was added to the MNO Premium List \u2013 are already in good profit. Of course, the 2.5% daily and with no expiry and principal back on demand is still the most popular option as it offers the utmost flexibility and placing you in control of your own funds.<\/p>\n<p>To better understand the program&#8217;s ability to grow so fast and become so popular please read the full interview with <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a>&#8216;s admin Jocelyn (click <a href=\"http:\/\/money-news-online.com\/blog\/2014\/04\/28\/28042014-interview-admin-bitcofinancial\/\">here<\/a> to read) where she explains everything about her program in detail. She&#8217;s also a very proactive admin even dropping in to the MNO ShoutBox from time to time in order to check if anybody has issues or questions she can fix. Needless to say then that the customer support in <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> has been second to none so far. I hope the admin will keep dup the good work and <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> runs for many more weeks and months to come, maybe even reaching the #1 position on MNO Premium List one day.<\/p>\n<p>I must also add that all the newsletters from <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> were less promotional and more informative, which I believe is exactly what investors are looking for when trying to evaluate the level of professionalism they are dealing with when choosing one particular HYIP from an other. The main subject of the latest newsletter from <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> issued last night was the very important subject of members&#8217; accounts being compromised by other HYIP admins and hackers. Jocelyn emphasized that it was vital to set different passwords for different programs you join not to allow this to happen. Also, Jocelyn is trying her best to protect the members&#8217; accounts in <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> from such incidents so to do so more efficiently it was decided to disable the option of changing your e-currency accounts within the member&#8217;s area, so hackers won&#8217;t be able to take advantage of security breaches and withdraw your principal or profits which in many cases are processed instantly and thus irreversible. If you have to change your e-currency account in <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> for some reason you will have to contact the admin from the same email address you used on registration and your request will be honored. I believe such measures will prevent unauthorized access to members&#8217; accounts by third parties and will make your experience with <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> even more pleasant and secure:<\/p>\n<p>\u201c<em><strong><a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> \u2013 NewsLetter!<\/strong><br \/>\nDear <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> members,<br \/>\nWe hope that your week has been going smoothly so far and you have a productive and peaceful week ahead as well.<br \/>\n<a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> has been online for almost a month now and our team and management have been behind the scenes in every area of the entire program to make sure every operation is flawless and fully functional at all times.<br \/>\nToday, we wish to address a particular issue that has been getting quite a bit of attention around our office lately. A couple of our members faced some security issues with their <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> accounts where they were apparently accessed without the members&#8217; consent from other IP addresses. The members were quick to approach us with the issue and it was immediately looked into by our team.<br \/>\nHowever, we felt it is necessary to caution all existing and potential members about safeguarding their <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a> accounts through some simple tips.<br \/>\nHow can someone access your account without your knowledge? Well, upon discussing with the members concerned, we noticed that they were into the habit of using the same user login information (username and password) for more than one program.<br \/>\nThis makes it easy for someone to try and use the same login to access the member&#8217;s account in multiple programs without their consent. So, always use a unique password for every program you invest in.<br \/>\nHaving trouble remembering them all? Well, add a codeword relating to each program in your password. For example your password along with the programs&#8217; names which will be easy to remember.<br \/>\nWe have also added a feature which makes sure that members will not be able to change their e-currency account numbers. To do so, the members will have to contact us from your registered email ID and we will assist you with the process.<br \/>\nWe hope that the information we have provided above is useful and will help you to protect your account.<br \/>\nWe also would like to thank everyone who have been sending in testimonials &#8211; making it a very inspiring and supportive journey for us as we strive harder to provide you with a very reliable and long lasting experience with us.<br \/>\nUntil we meet again, have a great week!<br \/>\nBest Regards!<br \/>\nJocelyn. <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a>.<\/em>\u201d<\/p>\n<p><a name=\"oac\"><\/a><br \/>\n<span style=\"color: #008000;\"><strong><a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">ONEADCLICK<\/a> \u2013 5% DEPOSIT BONUS AND SOME REMINDERS<\/strong><\/span><\/p>\n<p><a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> has yet to see any real level of popularity among MNO readers despite the speedy payouts and their unique approach to investments. <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> positions itself as an advertising platform where anyone can make from $1 to $2 weekly for simply browsing 1,000 to 2,000 websites and get paid on condition they post payment proofs on major the main HYIP related forums. However the real money is hidden in the so-called Diamond Plan available from a $10 minimum and paying 180% within 80 days (2% for 70 days, then 4% for 10 days) and the Platinum Plan for the larger investors with the minimum of $5,010 and more &#8211; 200% within 70 days (2.5% for 60 days, then 5% for 10 days). Note that if you invest your own money in <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> there is absolutely no need to surf any websites and your account will be credited with daily earnings just like in any more traditional HYIP. <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> accepts all the popular payment processors including SolidTrustPay, EgoPay, PerfectMoney, Payeer, BitCoin, and PexPay and the payouts are processed very fast indeed.<\/p>\n<p>I guess that due to a lack of investors and possible cashflow issues the admin of <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> is trying his best to encourage spending by introducing a 5% deposit bonus that will be available for the next two weeks. Funnily enough, the admin even reasoned this bonus by his own religious beliefs and spoke of Ascension Day after Easter now approaching. Usually announcing such bonuses isn&#8217;t a good sign for any program and although this 5% bonus will not be as hard to sustain the question remains why an admin would offer it if <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> was so popular. In my opinion, the problem is that we have exactly the opposite situation and the admin is trying to offer an incentive to new members with an active deposit in order to pay others. I really hope that it works out for him and <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> gets more popular, but for now I don&#8217;t see it happening and the hope is that this bonus doesn&#8217;t indicate the program is running out of cash. We&#8217;ll see how things work out in the coming weeks, but for now please read the latest newsletter from <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> (reviewed here) explaining the bonus and reminding everyone to provide a correct username when requesting withdrawals and to take an active role in the contests being run (reviewed here):<\/p>\n<p>\u201c<em><strong>Ascension Day 5 % Deposit Bonus &amp; Small Updates<\/strong><br \/>\n<strong>Ascension Day Bonus<\/strong><br \/>\nWe are happy to announce 5 % Bonus on all deposits made during 2 weeks starting today and expiring on Ascension Day i.e. May 29th 2014.<br \/>\n<strong>Importance of Ascension Day<\/strong><br \/>\nAscension Day falls on the Thursday, exactly 40 days after the Easter. The name &#8216;Ascension&#8217; comes from the accounts in the Bible where it is mentioned that the Jesus was taken up into heaven \u2013 He ascended. On this day the Christians celebrate the kingship of the Jesus.<br \/>\nIt is believed that during the 40 days following his resurrection, the Jesus appeared to many of his disciples and told them that He would always be with them and promised them the gift of the Holy Spirit. After saying this, the Jesus was taken up into heaven and took his seat at the right hand of God.<br \/>\nWe wish LORD Showers each and every member of <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a> along with their families Healthy &amp; Prosperous life.<br \/>\nOnce deposited member can raise a support ticket and the bonus will be added Manually to users accounts.<br \/>\nWe are Happy to inform that Users are now providing correct STP Usernames and BITCOIN address and hence we could deliver withdrawals without any difficulty. We hope that Users are satisfied with our Withdrawal Processing Team.<br \/>\nWe would like to remind members of 2 ongoing Contests in <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a>. Please go through the Previous News for more details.<br \/>\nRegards. <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a><\/em>\u201d.<\/p>\n<p><a name=\"orc\"><\/a><br \/>\n<span style=\"color: #008000;\"><strong>OILRIGCONTRACTORS \u2013 MOVED TO PROBLEM STATUS!<\/strong><\/span><\/p>\n<p>Please note that at the time of writing I would NOT recommend any further investments into <b>OilRigContractors<\/b> which I believe is a program the admin is preparing to pull the plug on very shortly. After one full month online the deposits in the program were going through the roof. Well, at least the admin wants everyone to believe so while inflating the stats of the program by no less than $500K daily and proudly boasting of new and greater achievements in what are clearly rigged stats. Here&#8217;s what was said just yesterday:<\/p>\n<p>\u201c<em><strong>$5,000,000+ Total Deposited Milestone Achieved <\/strong><br \/>\nOur company has really been on a roll. The total deposits has reached $5,000,000+ in total deposits. In fact as of this time, the deposits are $5,332,112.27.<\/em>\u201d<\/p>\n<p>Obviously numbers like this are just pulled from the admin&#8217;s imagination. There isn&#8217;t even that amount of money in the entire HYIP industry at the moment, never mind a single short-term ponzi-game which doesn&#8217;t even accept SolidTrustPay. Yet the admin does everything possible to persuade investors otherwise and create some hype around not missing a once-in-a-lifetime opportunity. Such a marketing tricks have worked like a charm for others to be fair. But then the admin suddenly started to find multiple accounts allegedly belonging to the same person which he suspended with all the money forfeited. Well, it sounded reasonable up to a point as this does happen in the HYIP industry. Up until last night that is when he posted hundreds of accounts which allegedly belonged to one and the same person, and even posted some screenshots of suspicious activities on the news section of OilRigContrators. I will re-post this below just to show you the scale of the allegations the admin made against hundreds of his own investors:<\/p>\n<p>\u201c<em><strong>List of IP&#8217;s with Multiple Accounts &#8211; Initial List <\/strong><br \/>\nWondering why your account is flagged? Check this. Wondering why some people complain about their withdrawals? See these links. I will add more links as I finish the list.<br \/>\nClick to see accounts using IP 41.84.198.170<br \/>\nClick to see accounts using IP 41.202.233.183<br \/>\nClick to see accounts using IP 41.202.233.189<br \/>\nClick to see accounts using IP 41.202.240.1<br \/>\nClick to see accounts using IP 41.202.240.2<br \/>\nClick to see accounts using IP 41.202.240.6<br \/>\nClick to see accounts using IP 41.202.240.14<br \/>\nClick to see accounts using IP 41.202.233.184<br \/>\nClick to see accounts using IP 41.202.240.9<br \/>\nClick to see accounts using IP 41.202.240.10<br \/>\nClick to see accounts using IP 41.202.240.12<br \/>\nClick to see accounts using IP 41.202.240.11<br \/>\nClick to see accounts using IP 41.202.240.7<br \/>\nClick to see accounts using IP 41.202.233.177<br \/>\nClick to see accounts using IP 41.202.233.178<br \/>\nClick to see accounts using IP 41.202.233.181<br \/>\nClick to see accounts using IP 41.202.233.182<br \/>\nClick to see accounts using IP 41.202.233.188<br \/>\nClick to see accounts using IP 41.202.240.4<br \/>\nClick to see accounts using IP 41.202.240.13<br \/>\nI am going to post more links today. I am going to screen through all of the accounts today. We are not directly blocking or disabling these accounts. We will need to communicate individually with the users involved.<\/em>\u201d<\/p>\n<p>Surely, for me as an experienced HYIP monitor it was more than enough to see that the end is near, but I didn&#8217;t act until this morning when <b>OilRigContractors<\/b> were moved first to Waiting status on MNO due to an attempt at stalling. It was then moved to Problem Status immediately when I discovered the admin had then removed my monitoring button completely. This indicates he&#8217;s more interested in hiding the problem than fixing it, so clearly there&#8217;s no future in the program now. In the very latest update posted today <b>OilRigContractors<\/b> officially justified the practice of selective payouts. Well, the admin phrased it very mildly and said that some of the withdrawals would be cancelled and sent back to balance in order to \u201c better organize the withdrawals\u201d:<\/p>\n<p>\u201c<em><strong>Payment Processor Details Editing Allowed for 24 hours <\/strong><br \/>\nDue to the heavy work involved in editing profiles for the past 24 hours. We are allowing our investors to edit their profiles today. This way we can focus on the processing of withdrawals and answering more important tickets.<br \/>\nAll withdrawals were cancelled back to balance and everyone is requested to submit another withdrawal request in order for us to better organize the withdrawals.<\/em>\u201d<\/p>\n<p>This statement is simply laughable and for me it&#8217;s just another attempt to play for time in order to get more money from unsuspecting investors, and not the \u201cimaginary\u201d $5.5 million he was trying so hard to put into investors&#8217; minds. The first complaints are now appearing on forums regarding possible selective payouts, but while they are still within the 48-hour terms I wouldn&#8217;t hold my breath for a recovery. Too many red flags indicate <b>OilRigContractors<\/b> is close to the end so please be aware of that and do not invest!<\/p>\n<p><a name=\"gs\"><\/a><br \/>\n<span style=\"color: #008000;\"><strong>GRAMSTOCK \u2013 MOVED TO PROBLEM STATUS!<\/strong><\/span><\/p>\n<p>There was a pretty unusual update from <b>GramStock<\/b> yesterday, though when I say unusual I guess what I really mean is lazy \u2013 it&#8217;s a straight copy\/paste from a UK newspaper&#8217;s technology section on BitCoin. There was no acknowledgment of this nor any link to the original piece which is the normal professional courtesy, though it hardly matters really as the program has now been moved to Problem Status on the MNO monitor anyway. I honestly can&#8217;t say if <b>GramStock<\/b> has a realistic chance of recovering or not, because basically a large part of the problem here is the admin. It&#8217;s almost as if the <b>GramStock<\/b> website runs on auto-pilot and he just has a quick look in once a week to make sure it&#8217;s still online! The level of communication is shocking, with some members getting instant payouts, others being left waiting for three days, and no explanation as to who falls into which category ever being made available. In fact the newsletter below just about sums the entire situation up perfectly in my own opinion \u2013 he can send a copy\/pasted news article with no connection whatsoever to the program, yet he can&#8217;t communicate any real information about the running of <b>GramStock<\/b> that the members might actually be genuinely in need of. All of that&#8217;s just a symptom of course, the real reason <b>GramStock<\/b> is on Problem Status is overdue payments combined with no obvious explanation as to why this is, or when or if they will be completed. For what it&#8217;s worth however, I want to be completely fair here and say that the program could very easily be returned to Paying Status on the MNO monitor should the admin wish to resume the outstanding payouts and issue a newsletter (a proper one I mean, not someone else&#8217;s newspaper article) explaining exactly what&#8217;s going on. However I just feel that too many complaints are coming through now and the damage may well be done. For your information I&#8217;ll include <b>GramStock<\/b>&#8216;s latest \u201cupdate\u201d for you below, which if you&#8217;re interested was originally published here:<br \/>\nhttp:\/\/www.independent.co.uk\/life-style\/gadgets-and-tech\/what-is-bitcoin-a-quick-guide-to-the-virtual-currency-how-it-works-and-its-possible-future-9274495.html<\/p>\n<p>\u201c<em><strong>WHAT IS BITCOIN? How to use a bitcoin in USA?<\/strong><br \/>\nDear <b>GramStock<\/b> users! Its time for a little newsletter from our Gram School. Today we will discuss out a really interesting topic<br \/>\nMany of our investors use Bitcoin as a main payment system. So in this newsletter we want to share with you a little more about this wallet.<br \/>\nBitcoin is currently a more reliable store of value for journalists than it is for investors. The concept of a \u2018digital cryptocurrency\u2019 and its association with various shady goings-on has turned the virtual currency into a symbol for the digital age.<br \/>\nBitcoin is reportedly anonymous, untraceable, and anarchic; either an ignorable pastime for geeks or a credible threat to the world\u2019s biggest financial institutions.<br \/>\nYet despite all the hype, Bitcoin is not going away any time soon and although the currency itself may disappear, the ideas it has seeded in the financial world won\u2019t. Read on to find out more.<br \/>\n<strong>What is Bitcoin?<\/strong><br \/>\nBitcoin is a new kind of electronic payment system that is often referred to as a \u201cdecentralized peer-to-peer currency\u201d. This means that there is no central body that controls the Bitcoin network (in one sense it is regulated and operated by the people who use it) and that unlike other electronic payment systems such as PayPal it also has its own currency \u2013 a virtual denomination known as bitcoin.<br \/>\n(Side note: in this explainer we&#8217;ll be using the capitalised term &#8216;Bitcoin&#8217; to refer to the network itself and the lowercase &#8216;bitcoin&#8217; to refer to the unit of currency)<br \/>\nWhy am I not using it?<br \/>\nThere are two major problems facing Bitcoin at the moment, the most visible of which is bitcoin\u2019s volatile valuation. In 2013 alone the price of a single bitcoin went from $13 to over $1000, with investors buying up the currency in hopes of a big future payday. The total worth of all the bitcoins in existence is currently around $3.5 billion and an individual bitcoin is currently worth about $300.<br \/>\nThis volatility is also partly due to the many security and legislation problems facing the currency. Bitcoin exchanges have proved to be tempting targets for hackers (a recent attack against the Mt Gox exchange lost some 6 per cent of all bitcoins in circulation) while government opinion on the legality of the currency has swung back and forth.<br \/>\nBoth of these factors have affected the currency\u2019s value, but they also show that Bitcoin is not yet mature. It will take time before it becomes of more practical use (if ever) and at the moment many institutions (including Goldman Sachs and the government of Finland) think that it is better to think of Bitcoin a commodity rather than a currency.<br \/>\nBitcoin works well as as medium of exchange, but it&#8217;s not a great store of value.<br \/>\n<strong>Why are people excited about it?<\/strong><br \/>\nAdvocates of Bitcoin believe that because it&#8217;s not controlled by any central authority Bitcoin won&#8217;t be hamstrung by external regulations. They also think that although Bitcoin is not currently working as a currency, the technology that underpins it could still be of use to the financial sector.<br \/>\nBitcoin&#8217;s lack of central authority has a number of benefits, including the fact that there is no charge when making payments in bitcoin \u2013 either locally or internationally. This could not only benefit smaller shops that have to pay a fee to card companies when processing transactions, but could also help individuals whose local financial systems are in trouble or corrupt.<br \/>\nThere are also possible benefits to security. Conventional credit card networks only really detect fraud after the fact (eg with that unexpected phone call: \u2018We\u2019ve noticed some unusual activity on your card Mrs. X\u2019) while Bitcoin could easily be adapted to a system where payments have to be authorised on, say, a connected \u2013 and encrypted &#8211; smartphone app.<br \/>\nBitcoin technology could be used to create a more secure payment system for mobile devices.<br \/>\n<strong>What about the actual technology?<\/strong><br \/>\nThe concept at the heart of Bitcoin is the blockchain: a public record of all the transactions carried out within the Bitcoin network. This ledger is collectively maintained by everyone who uses the currency and it\u2019s this network of combined computing power that makes it difficult for anyone to make fraudulent payments with the currency.<br \/>\nAll current online payment systems rely on a central authority to validate each transaction and make sure that money isn\u2019t spent twice \u2013 a problem known as \u2018double spending\u2019. For a hacker to \u2018double spend\u2019 bitcoin they would need to have more computing power than half of the total network \u2013 a web of computers currently performing around 6.5&#215;10^16 calculations per second (that&#8217;s 65,000,000,000,000,000).<br \/>\nBitcoin\u2019s structure naturally encourages people to donate their computing power to maintain the blockchain by rewarding individuals with bitcoins. As there are only a set number of bitcoins in the world (21 million, or which there are currently 12 million in circulation) the size of this reward is dwindling over the years, with experts expecting that it will eventually be replaced by a transaction fee \u2013 an optional payment that encourages people to process transactions more quickly.<br \/>\nSpecialized hardware is sold to mine bitcoins more efficiently &#8211; but even then, the cost in terms of energy is significant.<br \/>\nCan I get some bitcoin myself?<br \/>\nThe short answer is no \u2013 not by maintaining the blockchain anyway. As the Bitcoin network as grown the computing power necessary to directly \u2018mine\u2019 bitcoins (the preferred terminology) has rocketed far beyond the reach of the casual user. In order to balance out the energy costs involved mining operations now have to scale up, buying equipment worth tens of thousands of pounds.<br \/>\nThere are many ways you can buy bitcoin through various exchanges, some of which work entirely online, some of which pair you up with a seller for a face-to-face transaction, but as Rhodri Marsden found out when he tried to buy some bitcoin \u2013 the whole process is often more trouble than it\u2019s worth.<br \/>\nSatoshi Nakamoto, who denies being the founder of Bitcoin Dorian Nakamoto is one of the individuals who journalists have said invented Bitcoin. Mr Nakamoto denies any involvement.<br \/>\nWho made Bitcoin?<br \/>\nSomeone calling themselves Satoshi Nakamoto published the rules to the Bitcoin protocol online in 2008, with the network launched quietly in 2009. No-one knows who Nakamoto really is and although there have been plenty of attempts by to track them down, there\u2019s not yet been any definitive evidence to say who Nakamoto really is.<br \/>\nThe nearest thing Bitcoin has to a spokesperson is the developer Gavin Andressen, who is the chief scientist at the Bitcoin Foundation, a non-profit that provides a hub for developers working on the Bitcoin code.<br \/>\nHowever, because the code that defines Bitcoin is open-source (this means you don\u2019t have to pay to access it or implement it) there are also a large number of so-called \u2018altcoins\u2019: variants of the currency with various tweaks.<br \/>\nLitecoin, for example, uses different algorithims to shorten the transaction time while Dogecoin (named after the doge meme) was started as a joke but has won the respect of some cryptocurrency fans simply because, unlike Bitcoin, it\u2019s perceived \u2018silliness\u2019 means it is more likely to be spent.<br \/>\nEntrepeneurs have been trying to use Bitocoin in many different ways &#8211; including dispensers like this one.<br \/>\n<strong>What\u2019s the future of Bitcoin?<\/strong><br \/>\nBelieve it or not Dogecoin is actually a pretty good indication of what lies in store for the cryptocurrency. While governments and financial institutions continue to wrangle back and forth over the legality and very definition of Bitcoin, others are taking the currency\u2019s core innovation \u2013 the blockchain method of verifying transactions without a central authority \u2013 and applying it to a number of problems.<br \/>\nEven Bitcoin itself never achieves widespread usage then the lessons it has already imparted on will have a far-reaching impact on how money is dealt with online. Because bitcoins have not yet proven to be a good store of value banks are unlikely to adopt Bitcoin as a currency, but its decentralized system of use (and the associated lo costs) might be too tempting to ignore.<br \/>\nSpeaking of using Bitcoin in <b>GramStock<\/b>, it is really easy and fast (not instant but fast) and more that it is private and legal. So we strongly recommend all of the USA users USE in dont be shy guys.<br \/>\nHOW TO USE A BITCOIN IN USA?<br \/>\n<b>GramStock<\/b> Trading Company<br \/>\nMaking our world a better place, well even if not so better but sill a little bit profitable<\/em>\u201d.<\/p>\n<p><a name=\"gpr\"><\/a><br \/>\n<span style=\"color: #008000;\"><strong>GET PAID REPORT FOR 14\/05<\/strong><\/span><span style=\"color: #008000;\"><strong>\/2014\u00a0<\/strong><\/span><\/p>\n<p>Here is the list of the programs from my monitor that paid me for the last 36 hours:<br \/>\n<strong>From MNO Sticky list<\/strong>: &#8211;<br \/>\n<strong>From MNO Premium list<\/strong>: <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=706\">RockwellPartners<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=722\">BitcoFinancial<\/a>, <a href=\"http:\/\/money-news-online.com\/blog\/2013\/11\/07\/08112013-dublincryptoriumlimited-review-daily-news-hyip-industry\/\">Cryptory<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=670\">FinMutual<\/a>,\u00a0 <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=626\">InvGlobal<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=666\">RemiTrade<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=726\">5DailyPro<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=717\">VaBank<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=732\">Eazzy<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=714\">AssuredAssets<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=731\">OneAdClick<\/a>.<br \/>\n<strong>From MNO Standard<\/strong> <strong>list<\/strong>: \u00a0&#8211;<br \/>\n<strong>From MNO Basic list<\/strong>: <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=728\">VictorCoins<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=720\">OgdenOrganization<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=734\">KavkazFond<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=735\">SolarInvestGroup<\/a>, <a href=\"http:\/\/money-news-online.com\/monitoring\/mno\/goto.php?id=736\">SuccessRoadToWealth<\/a>.<\/p>\n<p>That&#8217;s about it for today guys. Thanks a lot for reading as always, and let me just finish up by reminding you that if you like what you see on MNO you can follow me on <a href=\"http:\/\/twitter.com\/mnoblog\">Twitter<\/a> and <a href=\"http:\/\/facebook.com\/mnoblog\">Facebook<\/a> where links to all the most important articles are posted, or else subscribe to have my news updates sent directly to your e-mail inbox. Just fill in your address in the subscription box near the top right hand side of my blog and click the activation link which will be sent to you shortly afterwards. And don&#8217;t forget to vote in the opinion polls which are always running on the MNO <a href=\"http:\/\/money-news-online.com\/talkback\/\">TalkBack<\/a> page either. My short stay in Sweden has just about come to an end (I spent a fantastic day yesterday crossing on the ferry between Helsingborg in Sweden and Helsingor in Denmark, two small and picturesque port cities either side of the straights) and will be writing the next update, possibly tomorrow, from back home. See you all then, everyone!\/a<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi guys! It&#8217;s been a mixed day for news stories in the industry to say the least, though as always MNO is the place to find all the latest news and updates from the most popular programs online. In today&#8217;s issue you&#8217;ll find the latest from my readers&#8217; favorite BitcoFinancial and an update on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/11011"}],"collection":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/comments?post=11011"}],"version-history":[{"count":0,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/posts\/11011\/revisions"}],"wp:attachment":[{"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/media?parent=11011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/categories?post=11011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money-news-online.com\/blog\/wp-json\/wp\/v2\/tags?post=11011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}