BitStorm is the another reincarnation of 10Bit, and who doesn’t love ’em. Same deal, 10% daily, principal included for deposits up to 5 BTC. 10 days to 100% ROI. Get in early or lose your bitcoin as these HYIPs can only run so long before the investment level gets too high.
The HYIP has been running since the 4th of August and is bitcoin only. The minimum investment is 0.001 BTC and the minimum withdrawal is 0.0001 BTC. The principal is included in the profit and can not be released.
|Type||Details (if given)|
|Date Started||4th August 2016|
|Original Plans||1. 10% daily forever from 0.001 BTC
2. 12% daily from 5 BTC
3. 15% daily from 10 BTC
|Hosting Location||Spijkenisse, South Holland, Netherlands|
|Company Address||39 Cheyne Court, London, United Kingdom|
|Contact Phone||not given|
|Registrar Details||Companies House, Cardiff, 19th July 2016|
Log shows info about my investments as well as specific information about the HYIP such as, number of accounts, total invested, total withdrawn, changing plans, etc.
|14th August||Payment received, instant withdrawal|
|15th August||Payment received, instant withdrawal. Update risk rating to medium based on investment levels. Alexa Rank: 187,424. Total HYIP members: 13,509. Total deposits: 1,379 BTC. Total withdraw: 645 BTC. Diff: 734 BTC.|
|16th August||Payment received, instant withdrawal. Alexa Rank: 167,276. Total HYIP members: 14,394. Total deposits: 1,576 BTC. Total withdraw: 812 BTC. Diff: 764 BTC.|
|17th August||Payment received, instant withdrawal. Alexa Rank: 151,376. Total HYIP members: 15,271. Total deposits: 1,884 BTC. Total withdraw: 1,223 BTC. Diff: 661 BTC. Danger signs for BitStorm!|
|18th August||Payment received, instant withdrawal. Alexa Rank: 135,853. All account information removed from site.|
|19th August||Payment received, instant withdrawal. Alexa Rank: 125,800.|
|20th August||Payment received, instant withdrawal. Alexa Rank: 116,741.|
|21st August||Payment pending, the system is set to create fake hash details to trick investors. 109,205.|
|22nd August||Payment still pending, time to call it a scam. Not sure of total investment, but would be well in excess of 2,000 BTC|
Bitstorm ran for approximately 15 days and managed to eclipse it’s predecessor BitcoDaily in terms of incoming investment, but not running time. One possible explanation is the higher referral commission of 8% which eats into the profit of the admin, but also the fact that investors are getting used to this type of HYIP.
Personally, I made it to 150% which is good, but it is the lowest for theses HYIPs (10Bit 280%, 15Bit: 240%, BitcoDaily: 210%), and clearly demonstrates a downward trend in overall return. This seems to make sense and sadly is an inevitable outcome as the popularity of these HYIPS grow. As investors become more familiar, they will tend to invest only at the beginning which significantly reduces the life of the HYIP.