BitExplosion is a new company who does… well, you already know it’s a HYIP, so lets’s skip the useless information from the website and get straight to it. It offers 2 plans, first is 11% daily principal included for 14 days which is a total return of 154%, second is a plan that pays 3% daily for 60 days and you principal is returned at the end of the period.
As one of my diligent readers pointed out, it is unlikely to run for 60 days, so the safest bet is the 11% plan, and probably only for one round. Profits are paid once daily and you can withdraw once your balance is over 0.0009 BTC. There is a 0.0001 BTC fee for each withdrawal which the FAQs forgot to mention. Minimum investment is 0.001 BTC. This one is high risk (like all HYIPs), so don’t invest bitcoin you can’t afford to lose.
|Type||Details (if given)|
|Date Started||5th September 2016|
|Original Plans||1. 11% daily for 14 days
2. 3% daily for 60 days
|Hosting Location||San Francisco, California, USA|
3349 Liberty Ave
|5th September||Sign up and add initial investment|
|6th September||Payment received, instant withdrawal. Members: 283. Total Invested: $568.81. NOTE: The system uses batch ids rather than transaction ids. Just check your wallet address instead on blockchain to verify|
|7th September||Payment received, instant withdrawal. Members: 371. Total Invested: $1,151.|
|8th September||Payment received, instant withdrawal. Members: 396. Total Invested: $1,236. Alexa rank: 4,597,695|
|9th September||Payment received, instant withdrawal. Members: 433. Total Invested: $1,355. Alexa rank: 2,803,553|
|10th September||Payment received, instant withdrawal. Members: 481. Total Invested: $1,729. Alexa rank: 2,230,628|
|11th September||Payment received, instant withdrawal. Members: 507. Total Invested: $2,425. Alexa rank: 1,842,881|
|12th September||Payment pending. Members: 518. Total Invested: $2,425. Alexa rank: 1,601,050. Investment level unchanged - possible cause of payments being unplugged|
|13th September||Payment still pending - calling a scam. Total Invested: $2,444. Alexa rank: 1,428,036.|
BitExplosion continued the current trend of early scams and is somewhat disappointing. If the website is to be believed, then this admin only received $2,444 of investment, with an estimated 50% of this being paid out. By the time you take out script and hosting costs it hardly seems worthwhile to run a HYIP. Personally, I made it to a dismal 72%, and another one probably best forgotten.