BitFinest

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BitFinest is the “finest bitcoin cloud mining” – or that’s what the site says anyway – which was founded in 2016 and is designed to help Bitcoin miners invest their bitcoins at great interest rates. What it doesn’t mention is that it is also at great risk. So, yeah, you probably guessed, it’s a HYIP that doesn’t do mining.

But, it is a classic bitcoin HYIP offering a number of plans, all of which are principal release for a 5% fee. For deposits up to 2.5 BTC you get 3.6% daily which is pretty good. For deposits from 2.5 BTC to 5 BTC you get 4.08% daily. There are other plans if you invest over 5 BTC, but I don’t recommend you invest that much in any HYIP, ever. Minimum investment¬†is 0.001 BTC, and minimum withdrawal is 0.0001 BTC.

Min.Daily%Days%Paying?RiskRelease
0.0013.6%2279.2%stat-scamInsaneYes, 5% fee

Details

TypeDetails (if given)
NameBitFinest
URLhttps://bitfinest.com/
Date Started30th August 2016
Original Plans1. 3.6% daily for 0.001 to 0.25 BTC
2. 4.08% daily from 2.5 to 5 BTC
3. 4.56% daily from 5 to 10 BTC
4. 5.04% daily 10 BTC and up
IP Address186.2.161.141
Hosting LocationRostov, Yaroslavskaya Oblast' Russia
Company Address20 Fenchurch St., London, EC3M 3BY
Contact Phone+44 20 3239 0588
Emailinfo@bitfinest.com
Company Number10296920
Registrar DetailsCompanies House, Cardiff, 26th July 2016

Website

Snapshot of BitFinest

Snapshot of BitFinest

HYIP Log

DateDetails
30th AugustSign up and add initial investment
31st AugustPayment received, instant withdrawal. Active members: 1,050. Alexa rank: 12,161,194
1st SeptemberPayment received, instant withdrawal. Active members: 1,586. Alexa rank: 4,039,931. Add second investment
2nd SeptemberPayment received, instant withdrawal. Active members: 1,943. Alexa rank: 1,513,856
3rd SeptemberPayment received, instant withdrawal. Active members: 2,283. Alexa rank: 1,358,629
4th SeptemberPayment received, instant withdrawal. Active members: 2,500. Alexa rank: 862,591
5th SeptemberPayment received, instant withdrawal. Active members: 2,669. Alexa rank: 798,411
6th SeptemberPayment received, instant withdrawal. Active members: 2,879. Alexa rank: 724,925
7th SeptemberPayment received, instant withdrawal. Active members: 3.053. Alexa rank: 634,243
8th SeptemberPayment received, instant withdrawal. Active members: 3.233. Alexa rank: 595,447
9th SeptemberPayment received, instant withdrawal. Active members: 3.404. Alexa rank: 534,534
10th SeptemberPayment received, instant withdrawal. Active members: 3.668. Alexa rank: 509,643. Withdraw one deposit
11th SeptemberPayment received, instant withdrawal. Active members: 3.899. Alexa rank: 442,409.
12th SeptemberPayment received, instant withdrawal. Active members: 4,070. Alexa rank: 387,048
13th SeptemberPayment received, instant withdrawal. Active members: 4,214. Alexa rank: 368,500
14th SeptemberPayment received, instant withdrawal.
Active members: 4,372. Alexa rank: 332,420.
Change risk rating to medium, recommend reduce deposits and no new investment
15th SeptemberPayment received, instant withdrawal.
Active members: 4,486. Alexa rank: 318,781
16th SeptemberPayment received, instant withdrawal.
Active members: 4,599. Alexa rank: 299,307
17th SeptemberPayment received, instant withdrawal.
Active members: 4,770. Alexa rank: 260,786
18th SeptemberPayment received, instant withdrawal.
Active members: 4,876. Alexa rank: 260,786
19th SeptemberPayment received, instant withdrawal.
Active members: 4,942. Alexa rank: 241,111
20th SeptemberPayment received, instant withdrawal. Some payment problems reported.
Active members: 5,085. Alexa rank: 239,739
21st SeptemberPayment pending, more reports of payment problems.
Active members: 5,229. Alexa rank: 237,962
22nd SeptemberPayment still pending, calling a scam.

Analysis

Well it would appear that HYIPs just aren’t what they used to be – they have simply gone bad! It happens now and then, but it seems that this time it is dragging on a little longer than usual. BitFinest was an OK¬†performer, but only 22 days paying is not great for a principal release HYIP.

If you had been following me closely you would have seem me withdraw one deposit – it was probably it a little bit too early, but I did lock in the 30% gain plus received my principal back – i.e.- I actually made bitcoin on a HYIP that scammed early. I’ll admit only a small gain, but a small one is better than any kind of loss.

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2 thoughts on “BitFinest

  1. SHANTARAM SAKHARAM PARAB

    Bitfinest is fraud abd chitting company from England, in 22 days they closed Web side and not return my investment

    Reply

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