Hyipbit.com any good?

[opticbit]

http://hyipbit.com/?ref=16wdZpQ53BzgncDs3xb8BMecoGVQQh73mK

found them on some hyip site, havent seen them anywhere in the btc communities.

minimum is 2btc, and i don't trust this one enough to take the risk.

the send addy doesn't change on refresh, or in private browse mode.  i also sent .01 btc and it went somewhere in 4.5hrs

[dollartrader]

fwiw, I gave (and I use that word purposely) them a few coins shortly after they started. Payments have been coming as the site says.

After reading the "about us" I guessed this has to be the mystery miner

We have installed and maintain a powerful mining rig, which includes around 190 machines with high-end graphic cards, especially efficient in mining procedure.  By optimizing energy consumption we have achieved a very high level of return on hardware investment. We are able to generate about  $9,000 worth of new bitcoins daily, which hedges our risks and provides a secure foundation for our program.

[payb.tc]

fwiw, I gave (and I use that word purposely) them a few coins shortly after they started. Payments have been coming as the site says.

After reading the "about us" I guessed this has to be the mystery miner

We have installed and maintain a powerful mining rig, which includes around 190 machines with high-end graphic cards, especially efficient in mining procedure.  By optimizing energy consumption we have achieved a very high level of return on hardware investment. We are able to generate about  $9,000 worth of new bitcoins daily, which hedges our risks and provides a secure foundation for our program.

why do they even bother coming up with a story like that? and then have hyip in their domain name?

[Global BTC]

This sounds very much like a Ponzi scheme.

[BurtW]

This sounds very much like a Ponzi scheme.

I don't see how it can be since it pays 5.0%, 5.5% or 6.0% per day return.  If it was a Ponzi scheme it would have a lot smaller return in order to last longer.  Why would they use such a large return if it were just a Ponzi scheme?  As a Ponzi scheme it would not be able to be supported with such a high rate of return.

Also, why would you put HYIP right there in the name if you were a HYIP?

In order to make the 6% per day return I had to move all of my money out of my Pirate@40 account into this one.

Do you really think that was a mistake?

[DeathAndTaxes]

Wait your belief is that because it has a very high rate of return it can't be a ponzi?

Am I missing the sarcasm?

[payb.tc]

Am I missing the sarcasm?

yes. nice one burt

[opticbit]

looks like returns would go back to where they came, i guess i'll send two to myself, and hope it sends from that addy so i can keep track.

Tried contacting to have them send to a different addy than where it came from, but the process was a little anoying.

[opticbit]

heres my transaction lets find out

http://blockexplorer.com/t/3KNdoz41Kr

[schnell]

How do you get your money back out again?
Do they pay daily?
Would you suggest investing?

[JusticeForYou]

How do you get your money back out again?
Do they pay daily?
Would you suggest investing?

Good questions, I would suggest you answer them before 'investing'.

[schnell]

How do you get your money back out again?
Do they pay daily?
Would you suggest investing?

Good questions, I would suggest you answer them before 'investing'.

Exactly. I don't see how anyone, ponzi or not, can afford to pay 5% daily on investments, and profit.

[Global BTC]

I don't see how anyone, ponzi or not, can afford to pay 5% daily on investments, and profit.

Well, if it's a Ponzi scheme what they can go for 20 days with no growth at all, since that's the time it takes before you can no longer afford to pay dividends using the users own money. To continue without profit, they would need a daily growth rate of new investors at 5%/20 = 0.25%. This may sound low, but it grows by a whole lot of new coins needed per day after a while.

[Global BTC]

heres my transaction lets find out

http://blockexplorer.com/t/3KNdoz41Kr

So, if they are mining the coins, which they say they are doing, your payouts should be coming from freshly mined coins, created after your payment was done. If  your payouts are coming from your initial investment, it's probably a Ponzi.

[Clipse]

This website looks like an exact replica of http://www.ultimafund.com/

[Littleshop]

Maybe if the owner of that site pays off all of the other past bitcoin HY scams then we can have a ponzi scam of ponzi scams. 

[drakahn]

If you're trying out ponzi's, join my 'pooled' matrix idea (Shared payouts from the top account) https://bitcointalk.org/index.php?topic=70102.0

i want to see someone get the 10btc payout out of matrix

[payb.tc]

if you're trying out ponzis please join this one under my link: *****

edit: just realised drakahn is talking about the same program so to be fair use his link.

[BurtW]

This explains it all pretty clearly:  http://hyipbit.com/invest.html

You never have to ask to withdrawl your money.  You get 50 payments of 5.0%, 5.5% or 6.0%, depending on how much you invest.  Payments are made every week day because, I guess, money has to sleep on the week ends?

So, lets say you do what I did and invest 2000 BTC in order to maximize your profits.  Since the deposit is worth over $5000 it pays 6% per day.

Every week day I get 120 BTC deposited directly into my wallet (this sure is nice - it just makes my day and I get kind of blue on the weekends because I don't get my 120 BTC)

They are going to do this 50 times so my total deposits will be 50 x 120 BTC = 6000 BTC.

So I am going to make a 4000 BTC profit in just 10 weeks.  Sweet!

[payb.tc]

burt if i ever make a hyip, remind me to hire you as the marketing guy.