HYIP is a type ponzi scheme. This means that the initial investors are only paid when new investors make a deposit. The scheme can only run if there is a steady stream of new investors. The owners will take the money from the investors who have dropped below the initial investment and close the site. There is not enough money to pay the initial investors. It is a form of Ponzi scheme. It is only those who signed up in the initial stages of the site’s opening that will reap the benefits.
HYIPs are worth investing in for their longevity. This is how long they’ve been online. This allows you to determine if they are paying.
Brmine.net – details
BR Mine is an unlicensed cryptocurrency mining company. It is in that there is no actual mining going on. It is a pool of people who invest in a Ponzi scheme, or a Pyramid scheme. Referring investors to the scheme will earn you a referral bonus that will allow it to continue to operate. The owners will take the money from the investors and close the site. It is impossible to predict when it will collapse. You can deposit or withdraw using Bitcoin, Ethereum and Dash, Lisk. Litecoin, Dogecoin.
A final note.
These HYIPs promise high returns and many investors fall for them. This is why HYIPs keep popping up all the time, exploiting investors who don’t want to wait for quick cash. These HYIP scams are something we have taken on as a responsibility. You can now decide if you want to take the plunge.
P.S While we don’t recommend HYIPs, we advise our readers to look for legitimate ways to make money.
We recommend HERE if you are looking for an automated trading robot that can trade CFDs on bitcoins and other cryptocurrencies profitably.
Are you looking for a legitimate cryptocurrency mining company that has actual mining rigs?