Date: 2010-26-07 02:47
Batch: 41860301
From Account: U2886145
Amount: $8.00
Memo: Withdrawal of 8 Liberty Reserve USD from serbret98 account balance.
Printable View
Date: 2010-26-07 02:47
Batch: 41860301
From Account: U2886145
Amount: $8.00
Memo: Withdrawal of 8 Liberty Reserve USD from serbret98 account balance.
Date: 2010-27-07 21:24:12
Batch: 41970136
From Account: U2886145
Amount: $3.36
Memo: Withdrawal of 3.36 Liberty Reserve USD
My LR: U0504211 (Czech HYIP Monitor)
7/30/2010 19:31 42145605 U2886145 (Cash-Miner) + $4.82
Date: 8/4/2010 23:41
Batch: 42413251
From Account: U2886145
Amount: $3.36
Memo: cash-miner
My LR: U0504211 (Czech HYIP Monitor)
8/6/2010 20:39 42532145 U2886145 (Cash-Miner) + $4.90
Date: 2010-09-08 04:56
Batch: 42624605
From Account: U2886145
Amount: $8.00
Memo: Withdrawal of 8 Liberty Reserve USD from serbret98 account balance.
:cheer:
8/9/2010 14:51 42650982 U2886145 (Cash-Miner) + $4.80
INSTANTLY!!!
Date: 2010-10-08 22:01:34
Batch: 42737366
From Account: U2886145
Amount: $3.36
Company review
Hi guys! Well the weekend is here again so after another mixed week in the HYIP world I hope you’re all looking forward to putting your feet up in front of a couple of World Cup games like I am. Hopefully it won’t all be doom and gloom though as there are still a couple of promising long term prospects starting up. Granted they’re in the minority but they are out there. And one of the most recent new programs to really impress me is CashMiner. Maybe what I should have said is that one of the few new programs to impress me is CashMiner, but let’s stay optimistic.
This is a long term HYI program with three very simple “no expiry date” perpetual style plans. Which in other words means you only need to deposit once and in return you will be paid every week for either as long as the program runs or as long as you decide to stay a member. And that part is crucial because under current market conditions I know a lot of you are skeptical (and rightly so) about handing your money over to anyone for elongated periods of time. Which is why CashMiner have a get out early clause where you are entitled to withdraw your principal and leave anytime you like.
There’s no lock-in period as such – you can go anytime, but not without a fee. The system of penalty fees is a bit more complicated than usual and I’ll explain it later. But basically what happens is the earlier you leave the more you get charged. Stick around long enough however and you can still get a big chunk of your principal back in addition to the weekly profits you will have been collecting, so at least there is that small extra safety net for you.
And so to the investment plans. As I said CashMiner has three of them, all offering weekly interest payments on your one single deposit for as long as the program runs. The first of these is called The Bronze Plan and is open to deposits of just a $1 minimum, so any misgivings you might have just remember that there is no requirement on anyone’s part to spend big. The maximum deposit is $500 and the weekly return is 8%. Assuming you don’t leave early this will allow you to see your first profit with the 13th payment with everything after that being pure profit. How much you make after that is anyone’s guess, but one of the best programs of last year had an almost identical set up and ran for almost a year. I can’t say that’s what’s going to happen this time, but at least the precedent is there.
Next is The Silver Plan and this will cost you a $500 minimum to join. It’s a bit rich for most investors I suppose, especially these days, but if you are still a bigger player then CashMiner offers you 9% interest per week, no expiry date. Again assuming you won’t be withdrawing early you will (almost) break even after 11 weeks and start making a passive profit after that. But the final figures are really entirely up to yourself, you can stay as long or as short a time as you like. Maximum spend is $5000.
The third plan from CashMiner is, you guessed it, The Gold Plan. At $5000 for the minimum deposit I guess it’s not for everyone but for your information the weekly interest payment on deposits between that and a $50K maximum will be 10%. So that’s your money earned back in ten weeks and sit back and count the profits after that. Once again it’s up to you when to leave so it’s up to yourself also to consider how much you realistically expect to earn from CashMiner and do your own calculations accordingly.
A couple of other things you need to know about the investment plans would obviously include the payment options. It’s not a bad list either and starts with AlertPay who really do seem to be making significant gains from the business being lost by StrictPay these days. Other options include the usual HYIP standards of LibertyReserve and PerfectMoney as well as one from the nostalgia file with c-Gold. I’d actually forgotten all about that one and don’t think I could name the last program I monitored that accepted it. Anyway, if you still have an account there you can use it with CashMiner. The other option open to you is depositing by bank wires. That’s perfect if you prefer to avoid payment processors altogether (as no doubt some people do) but you should be aware that the minimum deposit via this option is $1000.
When it comes to getting paid CashMiner is offering instant withdrawals to AP, LR, and PM which is always popular with investors. Withdrawals to the other two options take a bit longer. Minimum withdrawals are $1 except for bank wires where the minimum is $500. Also, compounding is allowed and you should set the rate when depositing.
Then of course there is the early withdrawal option, which I think should settle the nerves of those not entirely convinced of the wisdom of joining long term (or any term!) HYIPs at the moment. It’s kind of a tricky one to explain properly because the circumstances surrounding the early withdrawal fee change as you stay in the program longer.
Basically the longer you wait to withdraw, the smaller the penalty and the more you get back. Let’s for instance say you invested in The Bronze Plan. That means you get 8% interest per week. Starting in the first week where the early withdrawal is 100%, every week after that the fee goes down by 8%. For example, leave during the following week the fee will be 92%, the week after that it would be 84%, the next week it’s 76%, and so on like that.
That much is fairly simple but where it gets tricky is when you are using compounding. The rate of compounding will also affect the early withdrawal fee, but as that’s a matter of individual choice then I suggest you should contact the admin about your individual case if and when the time arises.
The design of CashMiner is nothing short of excellent and shows a lot of hard work gone into getting this project off the ground. Now I can’t say that these guys are still going to be around in 6, 7, 8, or more months. That’s up to the market and to how the admin runs it but I’d be pretty sure that there’s far too much time and effort gone into this for it to be an intentional fast scam. For one thing the script is really outstanding and unless the admin is a pretty talented programmer himself in his spare time then it wasn’t cheap. It’s totally unique and custom made for CashMiner and most of the big success stories over the last few years have all opted for custom designed scripts. There’s a much more comprehensive FAQ section than what you get with the generic mass produced scripts and the website is protected throughout by SSL encryption. DdoSWiz are the hosting provider and they are keeping CashMiner on a protected dedicated Staminus server.
A couple of things would suggest that CashMiner are going to at least try to make a serious attempt to beat the current industry trend and survive into the autumn when I believe things will almost certainly pick up again. For a start their ref commission rate is just 1%. Promoters may not like it but as an investor I’m pleased that they are managing the incoming funds a bit more sensibly and not throwing it around needlessly on advertisers. And yes, that does include me! Advertising in general though seems to be a bit low key at the moment. Apart from just a couple of popular monitors there is nothing serious to speak of, so again there’s a tight grip on the purse strings until the program builds up a gradual investor base.
Mind you, and I’m sure the admin will hate me for saying this, if I was to be completely cynical and say that CashMiner might be 100% reliant on new members coming in to support payments to older ones (just like every other online HYIP by the way!), look at it this way. If you deposit $100, get paid $8 per week, you don’t see a profit for 13 weeks. Essentially what you are doing is paying yourself from your own deposit for the next three months until the admin comes up with the profits in order to continue paying you $8 per week from the program’s own funds. And by the time that needs to happen we are going to be into September, by which time I sincerely believe a major recovery will be under way in the online investments business. Maybe not the same heights we hit last autumn, but a marked and significant improvement nonetheless.
What else do you need to know? Communication. You can contact the admin with any comments or queries either directly to the e-mail address provided or by submitting a ticket through the support form. There is also a postal address and telephone number in Panama which the admin freely admits is a hosted office and message collection centre. So you may get a message through to CashMiner there, but you won’t find them directly. But that’s fine by me. That’s always the way these addresses work so I’m just grateful to find an admin who’s straight with us about that.
As for the business model, well regular MNO readers know how skeptical I am about these things and much as I like CashMiner they do little to change that stance. A brief paragraph about the value of diamonds, a brief paragraph to suggest the benefits of investing with CashMiner, and nothing that explicitly states a link between the two. Merely a suggestion, a hint, and nothing to prove it.
But that’s the HYIP world for you. I do like this one, but please please please remember that I also have no choice but to advise caution. But it’s cautious optimism as well. Just plan your investments around what you can afford spend as opposed to what you would like to earn, and if planning a diverse portfolio as you should, then you may want to consider CashMiner as a small and modest part of that.
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Reviews (August 10, 2010)http://money-news-online.com/blog/category/reviews/
Quote:
I have sent interview questions to another successful program today that is kinda flying under the radar still. I’m talking about CashMiner (reviewed here) which is still paying instant weekly cashouts of 8%-10% for an unlimited term. The program has been monitored by MNO for nearly two months already and has never let me down. Quite the opposite in fact, apart from a small glitch affecting the instant payments which was successfully fixed within the first week CashMiner seems not to have any issues anymore and gradually expands its popularity introducing new features all the time. The latest was the translation of the site into Russian so from now on all Russian speaking persons can understand the rules even better. As a native Russian speaker myself I can confirm that the translation was made by professionals and not by online tools auto-translators (which never actually come even close to being accurate). Russian language support is also available if you submit a support ticket. Russian became the third language after German was introduced earlier. I guess that the right time to interview the admin of the project is about now so I am sending some questions and hopefully he will find the time to answer soon. Here is the latest short update taken from the website of CashMiner:
“As announced in our last newsletter, CashMiner is now translated into another language – Russian. We also accept support tickets in Russian. More translations are on their way, just watch for our upcoming newsletters.
Best of Luck!”.