{"id":15292,"date":"2018-02-27T13:31:58","date_gmt":"2018-02-27T19:31:58","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=15292"},"modified":"2018-04-23T00:02:30","modified_gmt":"2018-04-23T06:02:30","slug":"27-02-2018-ethmine-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2018\/02\/27\/27-02-2018-ethmine-review-daily-news-hyip-industry\/","title":{"rendered":"27\/02\/2018. ETHMine Review and Daily News from the HYIP Industry"},"content":{"rendered":"

Beware! ETHMine has stopped paying! Do not invest there!<\/strong><\/p>\n

Hello everybody! Hope the week has been going well for you so far. It’s been a strange day for news because while there’s not been a great deal going on in the industry recently in general I still have quite a lot of news stories to get through. A slowdown doesn\u2019t mean a complete closure of the entire HYIP industry after all, and it looks as if maybe we are turning a corner. In the news section today I\u2019ll another new addition to my monitor to tell you about, hopefully to be reviewed in more depth in the coming days. And if you were reading the last update on MNO you\u2019d have noticed the introduction of another new program then called ETHMine<\/a>. This is another lucrative HYIP that allows investors a degree of flexibility to determine their own investment terms, although not exactly \u201cperpetual\u201d style investment plans that pay members indefinitely, it is something similar. So let\u2019s begin our update for today with a closer look at ETHMine<\/a> and whether you think you might have room for them in your own investment portfolios.
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\nStarting as usual then with the program\u2019s investment plans, actually there\u2019s only one of them. If nothing else then I guess it makes for an easy and short review \u2013 you will either like what ETHMine<\/a> have to offer or you won\u2019t \u2013 simple as that. Before I get to the numbers I should point out that at the moment ETHMine<\/a> is working exclusively with cryptocurrencies. Exchange rates vary from one to another, but you need at least a $10 minimum value in the currency you are using to be allowed join ETHMine<\/a> in the first place. You will still make the deposit using dollars, it will just be converted at the exchange rate of the day at whatever point you are ready to join.<\/p>\n

So, once you\u2019re in you\u2019ll find that technically speaking the investment term runs for a full year, 365 calendar days.<\/strong> That makes ETHMine<\/a> a long term program by any standards, maybe even too much for some folks who normally love long term HYIPs. The reality however is quite different. The plan has a nominal expiry date of 365 days, actually you’re only obligated to remain a member for one single calendar day<\/strong>. After that it’s entirely up to you how long you want to stick around for, you may request your principal back anytime<\/strong> and move on, or else leave it in place and continue drawing an interest payment. The fee for returning your principal is 5%<\/strong>, so obviously don’t leave too soon or you might find yourself at a loss. The rate will depend on how much you decide to invest, as like most online HYIPs ETHMine<\/a> try to entice bigger and bigger deposits with higher interest rates. For the overwhelming majority of investors though this will be 2.6% per calendar day<\/strong>. This is what’s called The Starter Pack<\/strong><\/em> and applies to all deposits between the $10 minimum up to a maximum of $4,999. You are free to reclaim your principal back anytime you feel you are ready to leave after you have completed one day. It\u2019s difficult (more like pointless to be honest) to try and offer a practical example of how something like this might work. After all, there\u2019s as many potential strategies as there are investors. Whether you decide to treat ETHMine<\/a> as a one day, short term, mid term, or longer term investment program is up to you. For the sake of working out your own calculations though, we\u2019ll just say you invested $100. ETHMine<\/a> offer to repay you $2.60 per calendar day. You may collect this everyday for as long as you decide to remain a member of the program up to as long as a full year, and then when you feel the time is right to leave \u2013 perhaps you have reached your initial investment goal, maybe you think you\u2019ve gotten the best out of the program and it\u2019s time to leave, or maybe you have something better to do with your money \u2013 you need to ask for your money back.<\/p>\n

The same basic rules and principles apply to bigger spending investors, except as I said already ETHMine<\/a> improve the daily rates on larger deposits. For example The Advanced Plan<\/strong> <\/em>which applies to deposits between at least $5,000 and up to a maximum of $19,999 offers a payment of 2.8% per calendar day<\/strong>. Keeping in mind that ETHMine<\/a> will deduct 5% from your principal when you ask for it back<\/strong>, you can do your own calculations on what your potential earnings could be for a maximum term of 365 days<\/strong>.<\/p>\n

And finally just for information purposes, anyone spending upwards of $20,000 with no maximum limit, ETHMine<\/a> have The Superior Plan<\/strong><\/em>. Once again you are only required to stay a member for one day of the plan’s full 365 day duration<\/strong>. For how ever many days you stay, ETHMine<\/a> offer you 3% interest<\/strong> for each of them, with your principal returned (minus a 5% fee) on request<\/strong>.<\/p>\n

If that\u2019s the type of thing that appeals to you and you think you\u2019d like to go ahead and join ETHMine<\/a> then the next item up for discussion will be what your payment options are. Not exactly an extensive and complete list, ETHMine<\/a> work exclusively with digital cryptocurrencies to move money in and out of the program. BitCoin, Ethereum, LiteCoin, DogeCoin, and BitcoinCash<\/strong> are all accepted starting from $10 but then converted from USD to the cryptocurrency of your choice. Payments are made manually to most of those currencies and will need to be requested from inside your private ETHMine<\/a> members account area. You are required to allow a maximum of 24 hours for all transactions to be completed. BitCoin investors on the other hand are offered instant payouts,<\/strong> so even if it wasn’t already going to be the most popular payment method it will be now. If you do decide to join then ETHMine<\/a> have included a handy little calculator on the website where you can play around with the numbers yourself and see how much you can earn per day depending on your investment. Just remember to enter all your payment details when joining the program, otherwise the script won’t know where to send your money.<\/p>\n

If we are all clear about that then I would like to talk a bit more on some of the practical information you are going to need in order to work your account with ETHMine<\/a> more efficiently. Specifically I’m referring to how to make an investment, how to make a profit withdrawal, and how to claim back your principal. It’s nothing too complicated, but it’s just that as ETHMine<\/a> have their own script it’s going to be a little different from most of the generic programs you might be more used to dealing with. So, to make an investment you need to click the \u201cBuy Hashing Power<\/em>\u201d tab in your account area. Enter the amount you wish to invest via any of the five payment systems (you will see the daily profit that you can expect to earn from this amount under the sum), you choose the amount in USD which is then converted automatically to the cryptocurrency of your choice. Proceed to pay the exact amount shown directly from your cryptocurrency wallet, and after this click the \u201cConfirm Payment<\/em>\u201d button. You will then see the confirmation saying \u201cTransaction confirmed! Funds will be applied to your account after transaction receives at least three confirmations.<\/em>\u201d Wait for three confirmations and then the script will add your deposit which will be displayed in USD in your member’s area. The amount after three confirmations in USD may be different as the script is converting your cryptocurrency back to USD after three confirmations and at the live rate of the moment.<\/p>\n

Next you’ll need to know how to withdraw profit. So from your account if your account balance is higher than $5 (that’s the minimum to withdraw) you may click on \u201cCollect Interest<\/em>\u201d under the balance and make a withdrawal which should be converted back to the cryptocurrency on the current rate and withdrawn instantly to BitCoin or manually to the others.<\/p>\n

Then finally when you think the time is right to release your principal \u2013 from your account click the \u201cMining Contracts<\/em>\u201d button, then you will see \u201cRelease<\/em>\u201d button across each active deposit which becomes active and clickable after the first 24 hours. You can make a full or partial withdrawal by the way, if you want to leave a smaller part of your principal in place if you wish to continue earning. The principal (or what ever part of it you choose to withdraw) gets transferred to your account balance which you can then withdraw in the same way you would a regular interest payment.<\/p>\n

On the technical side of things then ETHMine<\/a> are hosted on a dedicated server with the support and protection of DDoSGuard. The website is running off a script that\u2019s been custom built from scratch especially to meet the program’s own unique needs and requirements. Despite being unique to ETNMine it shouldn’t take longer than a few minutes to play around with the various features inside your members area to become familiar with everything and see how easy it is to navigate and overall customer friendly. And for an added layer of protection ETHMine<\/a> is using SSL encryption by GeoTrust for safer browsing and more secure transactions. For greater transparency you can see all the latest transactions at the top of the page which, being anonymous to digital cryptocurrencies, can be verified by anyone without any real loss of privacy.<\/p>\n

If you have any further questions for the admin or account related issues you need to have dealt with then you can get in touch with ETHMine<\/a> by a variety of methods. You are first asked to read through their FAQ page before doing anything else as this is quite extensive and should be able to clear up a lot of your queries. If that doesn’t help you can try the ETHMine<\/a> Live Chat via the widget built-in on the bottom right side of the page. You may also get in touch by filling in your details on the online customer support form and submitting it via the contacts page, or else by writing directly to the e-mail address listed. Incidentally, ETHMine<\/a> also list a postal address although experienced HYIP players will know to dismiss this out-of-hand as most likely a virtual address for correspondence. It\u2019s located in Hong Kong if you\u2019re interested, which is where ETHMine<\/a> is incorporated as a company. Of a lot more practical use I would say is the Telegram group you can join for chat and support. Other social media profiles include Facebook, Twitter, and even a YouTube account. You’ll find an introductory video which talks at a bit more length about the alleged business interests of ETHMine<\/a> (which we are told is mining of the Ethereum digital currency) plus another that covers the actual mining process itself. Those new to the HYIP industry, and even some of the more experienced players for that matter, might find the \u201cGet Started\u201d page very handy for getting to grips with the whole ETHMine<\/a> investment process.<\/p>\n

The alleged business interests supporting ETHMine<\/a> are as I said supposed to stem from the mining of the Ethereum digital currency. Even if the actual claims being made aren\u2019t exactly new, as with just about every other online HYIP falls short of giving us any solid information you can research and verify. So despite the good layout, preparation, and design of ETHMine<\/a>, you still need always to remember that it\u2019s no more than an online HYIP with all the potential risks that accompany potential rewards. So establish what your spending limit is, make sure it\u2019s based on what you can afford to lose rather than what you dream of earning, and if you do decide that ETHMine<\/a> is right for you then also try and keep them as a smaller part of a wider more diverse portfolio.<\/p>\n

At this stage I know a lot of you will probably have come to a decision one way or another about joining ETHMine<\/a> or passing on it to wait for something else. Perhaps you wouldn\u2019t mind sharing your thoughts on that with your fellow MNO readers? Please vote in the following poll which as always remains completely anonymous and untraceable. It\u2019s not really the immediate results that are all that interesting, rather looking back much later when we see a more definitive picture of the program\u2019s fortunes, good or bad, to see how many people made the correct judgment call. So:<\/p>\n

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Will you make an active deposit in ETHMine<\/a>?<\/strong><\/p>