This program has STOPPED paying! Do not invest there!
Examples of Earnings.
In the first part of this review we primarily took a look at the three different investment plans offered by BitTank. Just to refresh your memory, I’ll repeat the summary information we discovered about the plans here:
$5 – $349
DNI = 0.68%
Total net interest = 250%
Break even in 105 days
$350 – $1,949
DNI = 1.17%
Total net interest = 426%
Break even in 70 days
$1,950 – $36,000
DNI = 1.89%
Total net interest = 688%
Break even in 47 days
Now, let’s take a look at the dollars and cents of all this… What kind of money can be made with these very conservative investment plans? The Simple Miner plan pays you a net annual profit of 250%. So, if you invested $100, by the end of the year, you would receive a profit of $250 on top of your initial investment of $100. How does that compare with the typical bank savings account where you might earn 1% or 2% on top of your deposit? In the bank situation, a $100 deposit would give you $1 or $2 profit by the end of the year. You might as well put your $100 under your mattress. So, a DNI of ONLY 0.68% isn’t so bad after all.
Let’s think about the Standard Miner plan. In this plan you would earn a net annual profit of 426%. So, if you invested $1,000 in this plan, by the end of the year you would have received $4,260 (4.26 x 1,000) in earnings in addition to your principal.
Finally, in the Advance plan, with a net annual profit of 866%, if you invested $2,000, by the end of the year you would receive $17,320 (8.66 x 2,000) in earnings in addition to your principal.
These are very substantial earnings from what are comparatively low interest investment plans in the HYIP industry. Is there anything bad or dangerous about all this? Yes, one thing! We must hope that the program will survive for a long time. At least till the investor breaks even. Hopefully, for the entire year long investment term and, ideally, for a lot longer than that. As I indicated at the beginning of this review, BitTank offers some hopeful signs in this regard. However, only time will tell how this will all work out.
Other Information about BitTank.
How fast your mining plan start will depend all on what method used. We will list all 3 options.
Payment with following methods will activate mining plan right away.
ADVcash, OKpay, Payza, Payeer, Perfectmoney, mbDash
FAST TO MODERATE TIME:
Payment with following methods will activate mining plan when Payment are final verified by network and can vary from time getting confirmations.
Bitcoin, Ethereum, DASH, Zcash, Litecoin
FAST 1-6 HOURS:
Payment with following methods will activate mining plan when payment are final approved by us.
For withdrawals, here is what the website says:
If you use following payment option your payment will be paid instantly.
Bitcoin, ADVcash, Payeer, mbDash, Perfectmoney
All other payment option will be paid by the team fastest possible and always within 12 hours 24/7.
The minimum withdrawal is $1.
I am unable to find a great deal of information on an affiliate program for BitTank. All that I see is the brief entry on the Main Page stating the commissions paid on deposits made ba a persons referrals. This appears to depend on your own investment plan as follows:
Simple Miner – 7%
Standard Miner – 10%
Advance Miner – 12%
In contrast to the large number of ways a person can deposit and withdraw from the program, the only way you can get in touch for support is via an email address. Theoretically, if someone is standing by to answer mail in a timely manner, this can be satisfactory. However, the addition of live chat would be a major step forward.
In summary, for the investor looking for a well-thought-out long-term investment opportunity, BitTank might be a very good choice. However, the person looking for a higher rate of return from a shorter term program probably will not find this program very attractive. As always, we recommend that a person diversify his investment portfolio. If you are exclusively interested in long-term investments, perhaps invest in one of more such programs in addition to this one. If you have no particular preference as to length of term, you have a wider selection of opportunities available to you. Whatever your taste might be, do your research first and — as we always say — never invest more than you can afford to lose. No matter how you cut it, HYIPs are a very risky business. On one hand, you can win big; on the other hand, you can lose everything! Good Luck!
PS. A very small but very nice improvement to one of the tabs on the website theme would be to correct the spelling of “Miming plans” to read “Mining plans.”
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