BitzFree - Faucet Cloud Mining / hacking others

Bitzfree is a cloud mining site, which uses a faucet to work in a simple but interesting way.

Instead of only buy Ghash power, you can cave bonus gHash for sharing in social media and referrals or even Hack other miners, in order to have a better mining produce.

When you reach 0.01BTC they automaticaly send it to your wallet.

Remember you can hack ghash power but you cannot hack BTC.

So, it becomes more attractive and seems like a competition.

Here follows the link:

Bitzfree

Bitzfree

Ponzi Scheme

Ponzi Scheme is a scam where the operator generates return to older investor with the revenue of new investor. No legitimate business activity or investment is done.

Usually they offer high profits in a short period of time.

When the flow of new accounts runs out, the scheme falls apart.

It's named like this because of Charles Ponzi, who used this technique in early 1.920. He made a fortune in US with arbitrage of international reply coupons for postage stamps.

Usually the operator does not giv detailed information of the operation itself. They say they have secret strategies to achieve high profits. 

At the beggining operator pays high amount of profits. Then, with the participation of new investor, the money spent for them is used to pay the older ones.

Usually these schemes difficults the withdraw of profit by showing new and higher investments.

HYIP - Be careful - Details and How to Recognize

HYIP - High-Yield Investment Program, in 99% of their aspects and operations are frauds.

Usually, it's known for giving a big chance of high profits in a short period of time. 

Then, they started to adopt the name used nowadays - HYIP.

The HYIP is connected to fraud or Ponzi Scheme (piramids).

The money people invest in these HYIP's usually are not being part of an investment, but it is part of a whole, where the investment will pay the profit of the ones who are waiting the payment of their profits. 

With the cryptocurrency rise, it became easier to start a high investment plataform and reach more people abroad.

And also cryptocurrency allow investor to make small investments in these sites.

The average age for these HYIP sites are days or even several years, depending on the number of the investors and investments.

It's important to see that some people really get their investment back and even big profits. But usually these people are the first to adopt the system. Of course it is free will to give a try or not - but it's not recommended.

Detais for you to understand a HYIP:

1) Usually it's shown the possibility of huge profit in a short time

For example, 10% a day profit. As we said, these sites shows extremelly amazing profits.

2) Investor Details

Usually, these HYIP doesn't show a lot of details referring to the operation, administration of funds, location or how your money will be invested. 

3) Referral Comisison

It is common (almost 100% chance) of these HYIP sites give a referral comission in several levels. (2-10 levels comission of 1% to 9% of the new investor).

4) Emotional appeal

These sites usually say "be finacially free, independent", "have all the goods you deserve..." and so...

There are several sites that can give you a track of HYIP sites that are paying.

So, in case you see a HYIP, of course fell free to invest on it, but there is a high probability for you to lose your money.