This program has STOPPED paying! Do not invest there!


A few days ago, we wrote a “First Thoughts” article on Otenga.  I’m going to first repeat the part of that article I wrote about the Otenga company and then get into an analysis of the company’s investment plan.

Otenga is primarily involved with cryptocurrency mining.  However, it looks like they are also involved with cryptocurrency trading.  Per the website, “In addition to the income from crypto mining, we offer services of financial arbitration, which allows us to earn as a result of our trading activity on the crypto exchanges.”  Otenga incorporated in October of this year with the objective of attracting online investors.  Again, per the website, “the offered investment terms imply the indefinite financing our company from your side in return for guaranteed long-term income. The funds we need to significantly reduce the operating costs associated with the lease of premises for data centers, purchase of modern necessary equipment for mining, as well as inline costs related to the payment of bank borrowing.”  So, in a nutshell, Otenga appears to have been involved with both cryptocurrency mining and trading for a while and recently they have gone online to seek investor funds in support of their operating costs and, possibly, further expansion.

The FAQ contains an exceptionally good overview of the ins and outs of working with Bitcoin.  This overview also gives places that the reader can go to for further information about each topic that it covers.  Although it’s a little bit long, I’m going to repeat the overview here.  Perhaps it might be useful to you…


Bitcoin is a digital and global money system (currency). It allows for the pseudo-anonymous (not linked to a real name) trading of money across the internet. The mathematical field of cryptography is the basis for its security. One of the differences between using Bitcoin and using regular money online is that Bitcoin can be used without having to link any sort of real-world identity to it. Unless someone chooses to link their name to a Bitcoin address, it is hard to tell who owns the address. Bitcoin does not keep track of users; it keeps track of addresses where the money is.


You can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once. More necessary information you can find by visiting HTTPS://BITCOIN.ORG/EN/HOW-IT-WORKS.


Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.


A Bitcoin address, or simply address, is an identifier of 26-35 alphanumeric characters, beginning with the number 1 or 3, which represents a possible destination for a Bitcoin payment. Addresses can be generated at no cost by any user of Bitcoin. It is also possible to get a Bitcoin address using an account at an exchange or online wallet service. An example of a Bitcoin address is 13qKMKfRo3MZ2tqDFzPhncXkq1KkNW6QiF.


Bitcoin hash (batch) is a unique code of transaction which you can use to track the status of your payment. Go to the website and use the search bar at the top right of the home page to find your payment and check confirmation status.


You can use absolutely any Bitcoin wallet, which allows you to send and receive payments. However we strongly recommend using as the best and most intuitive among others.


You can register your new wallet online on the Blockchain website: HTTPS://BLOCKCHAIN.INFO/WALLET/NEW.


You can buy bitcoins from either exchanges, or directly from other people via marketplaces. Visit this web site: HTTP://HOWTOBUYBITCOINS.INFO and find the sellers of bitcoins in your country. More exchangers can be found in the “Get started” section.


Find actual Bitcoin price you can on this website HTTP://BITCOINEXCHANGERATE.ORG or use convenient cryptocurrency calculator at HTTP://PREEV.COM.


Otenga Internet Technologies LTD is engaged in cryptocurrency mining and trading therefore it is logical that we only accept Bitcoin as a deposit and pay income in such way.


We recommend subscribing to updates of the most popular websites and blogs dedicated the problems of cryptocurrency:,,,

Analysis of the Otenga Investment Plan.

Otenga offers a single investment plan.  It’s simple to understand and pays 5% daily for 25 calendar days.  Your return includes your principal.  When I wrote the First Thoughts article, there was some confusion as the FAQ also indicated that the investment plan was “perpetual.”  I brought this to the attention of the Otenga support staff and they made the appropriate corrections.  So, as I suspected, the plan, as I’ve stated it above, is right.

Let’s first take a look at the profitability of the Otenga investment plan.  At 5% per day for 25 days, the total gross interest that you will earn is 125% (5 x 25).  Subtracting 100% because your return is included in your earnings, you get a total net interest of 25%.  Averaging this out over the 25-day investment period, you get an effective daily net interest (DNI) of 1% (25/25).  Referring back to HYIP Insights #12 (that you can read here), where we go into a detailed discussion of DNI, we pointed out that programs offering investment plans having DNIs less than 1% have a good change of being long-term survivors.  So, Otenga might have made a good choice with respect to the interest that it offers.  Their plan has a good prognosis for long term success while still offering an attractive return.  An effective daily net interest rate of 1% amounts to an effective weekly profit of 7%.  That’s quite respectable.  Remember, the term “effective” means that this is not the actual profit you will receive on a daily basis.  After the plan is complete and you average out your net return over the entire plan term, that’s what “effective” net interest means.

To determine how long it will take you to break even, you simply divide 100% by the daily return of 5% to get 20 days.  So, during the first 20 days of the plan, you are recovering your investment and during the last five you are receiving pure profit.

As an example, suppose that you invest $250 in the Otenga investment plan.  Every day you will receive interest earnings of $12.50 (0.05 x 250).  After 25 days, your total earnings will come to $312.50 (25 x 12.50) for a total net profit of $62.50 (312.50 -250).  Of course, we could have gotten this result very quickly by simply taking 25% of the initial $250 investment (.25 x 250 = 62.5).

Other Features of the Program.

All transactions of Otenga are by means of Bitcoin.  The minimum deposit is 0.001 BTC (around $10) and the minimum withdrawal is 0.0001 BTC (around $1).  Deposits normally take between one and two hours to get into your account although, if there are delays in the Bitcoin networks, they can take up to 12 hours.  Withdrawals are processed instantly by Otenga.  Of course, there will be a delay before you see your withdrawal in your Bitcoin wallet.

The Otenga referral program is extremely simple. It pays you 5% of deposits made by people that you refer to the program.  You do not have to have an active deposit to benefit from the referral program.

Support is by means of the standard contact form.  This is one program for which I tested the process.  As I indicated at the beginning of the discussion of the Otenga investment plan, there was some confusion about the length of the investment plan the way it was initially described in the website.  I used the support form to question this.  On the positive side, I received a very helpful response that led to a change in their website.  On the negative side, the turnaround time before I received the response was probably too long.   Otengo should make an effort to improve in this regard.   Ideally, replies to support requests should only take a few hours.

Everything considered, the Otenga program looks pretty good.  For me a strong point is its SIMPLICITY.  The investor does not have to struggle to understand how the program works.  Perhaps most important, the returns promised by the investment plan appear to be doable.  The program could, indeed, turn out to be a long-term survivor.  My only concern is that there might be some carelessness by the folks running the show.  The initial error in the description of the term of the investment plan should never have happened and more effort should be put into improving support services.  Perhaps, as the program matures, this issue will be taken care of.  I certainly hope so.

With all this in mind, you might want to consider making Otenga a part of your investment portfolio.   It offers a conservative short to medium-term investment plan.  Of course, we recommend that you diversify your portfolio by investing in a number of different programs and, as always, our final words are to never invest more than you can afford to lose.  Good Luck!


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