Media-Coin – legal arbitrage company

Media-Coin is a new, and legal bitcoin arbitrage company. It certainly is refreshing that this company is not involved in cryptocurrency mining. Arbitrage is the process of buying and selling bitcoin to exploit differences in price across various markets. Sounds great, and lots of money can be made, but you have probably already guessed that this is just another HYIP. So, what makes this one different?


Firstly, the fact that you need to specify that your company is legal is a bit of a worry. However, we will overlook that for now and just accept that this is a HYIP. If you are new to HYIP investing, please take a look at my basics page for more info.

Given recent performance, you would be forgiven for thinking that HYIP admin are the greediest people on the planet, but this is not quite accurate. They are scammers, yes, but you need to keep in mind that for a HYIP to profit, they actually need to give back a little. Why would they want to do this? Well, ultimately a HYIP admin wants to run it as long as possible to build up a solid reputation – and that’s when the big money comes in.

It’s all about balance, the HYIP needs to pay enough to get the early investors, but not too much to make the HYIP unstable. If it can do this for a few weeks then word starts to get around. Variable interest HYIPs like Media-Coin are not all that common, and although it’s risky (like all HYIPs) I think the risk of early scam is very low, and you should see a profit at some point down track.

Min.Daily%Days%Paying?RiskRelease
0.05Variable %1933.58%stat-scamInsaneYes, 10% fee

Investment Plans

Media-Coin offers a single plan of 0.1 to 10% daily with principal release at any time time for a 10% fee. The actual rate varies over time and is a combination of the amount of investment coming in, and how the admin feels on the day. It is 2.2% on average at the time of writing. This will see 100% ROI in about 45 days, but you can withdraw your principal at any time and take a lower return if you want.

So, this one does sound a bit risky and you may think it is not worth it, but I feel that in the right hands it could be here for the long haul. The minimum investment is 0.05 BTC (or $50 if not investing bitcoin) which is a bit high for a HYIP, but it is one way to filter out the scammy monitors. The minimum withdrawal is $0.10 or equivalent in bitcoin at time of withdrawal.

Details

TypeDetails (if given)
NameMedia Coin Limited
URLhttps://media-coin.com/
Date Started8th October 2016
Original Plans1. 0.1 to 10% daily from 0.05
IP Address190.115.26.218
Hosting LocationBelize City, Belize District, Belize
Company Addressnot given
Contact Phone+44 20 3287 1837
Emailsupport@media-coin.com
Company Number10395617
Registrar DetailsCompanies House, Cardiff, 27th September 2016

Website

The website is pretty flashy, and probably the best one that has been put together this year. It certainly could trick a few unsuspecting investors as the look and feel is professional, and the story is believable. However, it doesn’t take much to spot it for what it really is.

Snapshot of Media-Coin

Snapshot of Media-Coin

HYIP Log

DateDetails
8th OctoberSign up and add initial investment. Alexa rank: n/a
9th OctoberPayment received, instant withdrawal. Alexa rank: 2,943,186
Accounts: 116. Deposits: $4,317. Withdraw: $352.
10th OctoberPayment received, instant withdrawal. Alexa rank: 1.322,244
Accounts: 169. Deposits: $5,900. Withdraw: $452.
11th OctoberPayment received, instant withdrawal. Alexa rank: 1.042,210
Accounts: 181. Deposits: -. Withdraw: -.
12th OctoberPayment received, instant withdrawal. Alexa rank: 681,003
Accounts: 188. Deposits: $8,580. Withdraw: $612.
13th OctoberPayment received, instant withdrawal. Alexa rank: 681,003
Accounts: 198. Deposits: $9,307. Withdraw: $704.
14th OctoberPayment received, instant withdrawal. Alexa rank: 561,773
Accounts: 199. Deposits: -. Withdraw: -.
15th OctoberPayment received, instant withdrawal. Alexa rank: 451,179
Accounts: 266. Deposits: -. Withdraw: -.
16th OctoberPayment received, instant withdrawal. Alexa rank: 370,822
Accounts: 266. Deposits: $11,920. Withdraw: $1,134.
17th OctoberPayment received, instant withdrawal. Alexa rank: 370,822
Accounts: 269. Deposits: $12,015. Withdraw: $1,241.
18th OctoberPayment received, instant withdrawal. Alexa rank: 307,346
Accounts: 269. Deposits: $12,031. Withdraw: $1,368.
19th OctoberPayment received, instant withdrawal. Alexa rank: 301,594
Accounts: 271. Deposits: $12,238. Withdraw: $1,490.
20th OctoberPayment received, instant withdrawal. Alexa rank: 298,247
Accounts: 271. Deposits: $12,109. Withdraw: $1,580.
21st OctoberPayment received, instant withdrawal. Alexa rank: 296,293
Accounts: 271. Deposits: $12,129. Withdraw: $1,695.
22nd OctoberPayment received, instant withdrawal. Alexa rank: 274,741
Accounts: 271. Deposits: $12,202. Withdraw: $1,799.
23rd OctoberPayment received, instant withdrawal. Alexa rank: 274,741
Accounts: 271. Deposits: $12,640. Withdraw: $1,956.
24th OctoberPayment received, instant withdrawal. Alexa rank: 253,661
Accounts: 271. Deposits: $12,695. Withdraw: $2,059.
25th OctoberPayment received, instant withdrawal. Alexa rank: 243,898
Accounts: 271. Deposits: $12,663. Withdraw: $2,163.
26th OctoberPayment received, instant withdrawal. Alexa rank: 241,037
Accounts: 270. Deposits: $12,853. Withdraw: $2,282.
27th OctoberPayment received, instant withdrawal. Alexa rank: 241,037
Accounts: 271. Deposits: $13,336. Withdraw: $2,446.
28th OctoberPayment received, instant withdrawal. Alexa rank: 241,037
Accounts: 271. Deposits: $13,564. Withdraw: $2,585.
29th OctoberPayment pending - problems. Alexa rank: 235,017
Accounts: 271. Deposits: $13,657. Withdraw: $2,701.
30th OctoberScam

Analysis

A HYIP with a lot of promise and one which I think would heave done a lot better if the overall HYIP climate had been a little more positive. There have been so many scams lately, and in particular early scams, so many investors simply have no confidence in HYIP admin. Unfortunately, this makes HYIPs even more risky, and HYIP admin even more greedy. A vicious cycle which hopefully ends soon.

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