{"id":2611,"date":"2017-12-06T04:17:09","date_gmt":"2017-12-06T04:17:09","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2611"},"modified":"2018-01-16T04:25:32","modified_gmt":"2018-01-16T04:25:32","slug":"otenga-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2611","title":{"rendered":"Otenga &#8212; Review"},"content":{"rendered":"<p><strong style=\"color: red;\">This program has STOPPED paying! Do not invest there!<\/strong><\/p>\n<p><strong>Introduction.<\/strong><\/p>\n<p>A few days ago, we wrote a \u201cFirst Thoughts\u201d article on <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga<\/a>.\u00a0 I\u2019m going to first repeat the part of that article I wrote about the <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>company and then get into an analysis of the company\u2019s investment plan.<\/p>\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.otenga.com\/images\/banner_468.gif\" width=\"468\" height=\"60\" \/><\/a><\/p>\n<blockquote><p><a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>is primarily involved with cryptocurrency mining.\u00a0 However, it looks like they are also involved with cryptocurrency trading.\u00a0 Per the website, \u201cIn 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.\u201d\u00a0 <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>incorporated in October of this year with the objective of attracting online investors.\u00a0 Again, per the website, \u201cthe 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.\u201d\u00a0 So, in a nutshell, <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>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.<\/p><\/blockquote>\n<p>The FAQ contains an exceptionally good overview of the ins and outs of working with Bitcoin.\u00a0 This overview also gives places that the reader can go to for further information about each topic that it covers.\u00a0 Although it\u2019s a little bit long, I\u2019m going to repeat the overview here.\u00a0 Perhaps it might be useful to you&#8230;<\/p>\n<ul>\n<li>\n<blockquote><p>WHAT IS BITCOIN AND WHY IT CAN BE CONVENIENT TO USE?<\/p><\/blockquote>\n<\/li>\n<\/ul>\n<blockquote><p>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.<\/p>\n<ul>\n<li>HOW DOES BITCOIN WORK?<\/li>\n<\/ul>\n<p>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\u00a0<a href=\"https:\/\/bitcoin.org\/en\/how-it-works\">HTTPS:\/\/BITCOIN.ORG\/EN\/HOW-IT-WORKS<\/a>.<\/p>\n<ul>\n<li>WHAT IS BITCOIN MINING?<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>WHAT IS BITCOIN ADDRESS?<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>WHAT IS BITCOIN TRANSACTION HASH, AND HOW CAN I USE IT?<\/li>\n<\/ul>\n<p>Bitcoin hash (batch) is a unique code of transaction which you can use to track the status of your payment. Go to the Blockchain.info website and use the search bar at the top right of the home page to find your payment and check confirmation status.<\/p>\n<ul>\n<li>WHAT BITCOIN WALLET DO YOU RECOMMEND TO USE FOR INVESTMENTS?<\/li>\n<\/ul>\n<p>You can use absolutely any Bitcoin wallet, which allows you to send and receive payments. However we strongly recommend using Blockchain.info as the best and most intuitive among others.<\/p>\n<ul>\n<li>WHERE CAN I REGISTER A BITCOIN ADDRESS (WALLET)?<\/li>\n<\/ul>\n<p>You can register your new wallet online on the Blockchain website:\u00a0<a href=\"https:\/\/blockchain.info\/wallet\/new\" target=\"_blank\" rel=\"noopener\">HTTPS:\/\/BLOCKCHAIN.INFO\/WALLET\/NEW<\/a>.<\/p>\n<ul>\n<li>WHERE CAN I BUY BITCOINS?<\/li>\n<\/ul>\n<p>You can buy bitcoins from either exchanges, or directly from other people via marketplaces. Visit this web site:\u00a0<a href=\"http:\/\/howtobuybitcoins.info\/\" target=\"_blank\" rel=\"noopener\">HTTP:\/\/HOWTOBUYBITCOINS.INFO<\/a>\u00a0and find the sellers of bitcoins in your country. More exchangers can be found in the \u201cGet started\u201d section.<\/p>\n<ul>\n<li>HOW CAN I KEEP TRACK OF THE BITCOIN PRICE IN RELATION TO OTHER CURRENCIES?<\/li>\n<\/ul>\n<p>Find actual Bitcoin price you can on this website\u00a0<a href=\"http:\/\/bitcoinexchangerate.org\/\" target=\"_blank\" rel=\"noopener\">HTTP:\/\/BITCOINEXCHANGERATE.ORG<\/a>\u00a0or use convenient cryptocurrency calculator at\u00a0<a href=\"http:\/\/preev.com\/\" target=\"_blank\" rel=\"noopener\">HTTP:\/\/PREEV.COM<\/a>.<\/p>\n<ul>\n<li>WHY IS YOUR COMPANY ONLY ACCEPTING BITCOIN AS DEPOSITS?<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>WHERE I CAN TRACK ACTUAL INFORMATION ABOUT BITCOIN?<\/li>\n<\/ul>\n<p>We recommend subscribing to updates of the most popular websites and blogs dedicated the problems of cryptocurrency: www.bitcoin.com, www.thebitcointrader.com, www.lifeonbitcoin.com\/blog, www.btcmanager.com.<\/p><\/blockquote>\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.otenga.com\/images\/banner_468.gif\" width=\"468\" height=\"60\" \/><\/a><\/p>\n<p><strong>Analysis of the Otenga Investment Plan.<\/strong><\/p>\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga<\/a> offers a single investment plan.\u00a0 It\u2019s simple to understand and pays 5% daily for 25 calendar days.\u00a0 Your return includes your principal.\u00a0 When I wrote the First Thoughts article, there was some confusion as the FAQ also indicated that the investment plan was \u201cperpetual.\u201d\u00a0 I brought this to the attention of the <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga<\/a> support staff and they made the appropriate corrections.\u00a0 So, as I suspected, the plan, as I\u2019ve stated it above, is right.<\/p>\n<p>Let\u2019s first take a look at the profitability of the <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>investment plan.\u00a0 At 5% per day for 25 days, the total gross interest that you will earn is 125% (5 x 25).\u00a0 Subtracting 100% because your return is included in your earnings, you get a total net interest of 25%.\u00a0 Averaging this out over the 25-day investment period, you get an effective daily net interest (DNI) of 1% (25\/25).\u00a0 Referring back to <em>HYIP Insights #12<\/em> (that you can read <a href=\"http:\/\/emilynews.com\/blog\/?p=1099\" target=\"_blank\" rel=\"noopener\">here<\/a>), 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.\u00a0 So, Otenga might have made a good choice with respect to the interest that it offers.\u00a0 Their plan has a good prognosis for long term success while still offering an attractive return.\u00a0 An effective daily net interest rate of 1% amounts to an effective weekly profit of 7%.\u00a0 That\u2019s quite respectable.\u00a0 Remember, the term \u201ceffective\u201d means that this is not the actual profit you will receive on a daily basis.\u00a0 After the plan is complete and you average out your net return over the entire plan term, that\u2019s what \u201ceffective\u201d net interest means.<\/p>\n<p>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.\u00a0 So, during the first 20 days of the plan, you are recovering your investment and during the last five you are receiving pure profit.<\/p>\n<p>As an example, suppose that you invest $250 in the <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga<\/a> investment plan.\u00a0 Every day you will receive interest earnings of $12.50 (0.05 x 250).\u00a0 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).\u00a0 Of course, we could have gotten this result very quickly by simply taking 25% of the initial $250 investment (.25 x 250 = 62.5).<\/p>\n<p><strong>Other Features of the Program.<\/strong><\/p>\n<p>All transactions of <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>are by means of Bitcoin.\u00a0 The minimum deposit is 0.001 BTC (around $10) and the minimum withdrawal is 0.0001 BTC (around $1).\u00a0 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.\u00a0 Withdrawals are processed instantly by <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga<\/a>.\u00a0 Of course, there will be a delay before you see your withdrawal in your Bitcoin wallet.<\/p>\n<p>The <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>referral program is extremely simple. It pays you 5% of deposits made by people that you refer to the program.\u00a0 You do not have to have an active deposit to benefit from the referral program.<\/p>\n<p>Support is by means of the standard contact form.\u00a0 This is one program for which I tested the process.\u00a0 As I indicated at the beginning of the discussion of the <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga<\/a> investment plan, there was some confusion about the length of the investment plan the way it was initially described in the website.\u00a0 I used the support form to question this.\u00a0 On the positive side, I received a very helpful response that led to a change in their website.\u00a0 On the negative side, the turnaround time before I received the response was probably too long.\u00a0 \u00a0Otengo should make an effort to improve in this regard.\u00a0 \u00a0Ideally, replies to support requests should only take a few hours.<\/p>\n<p>Everything considered, the\u00a0<a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga\u00a0<\/a>program looks pretty good.\u00a0 For me a strong point is its SIMPLICITY.\u00a0 The investor does not have to struggle to understand how the program works.\u00a0 Perhaps most important, the returns promised by the investment plan appear to be doable.\u00a0 The program could, indeed, turn out to be a long-term survivor.\u00a0 My only concern is that there might be some carelessness by the folks running the show.\u00a0 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.\u00a0 Perhaps, as the program matures, this issue will be taken care of.\u00a0 I certainly hope so.<\/p>\n<p>With all this in mind, you might want to consider making <a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\">Otenga <\/a>a part of your investment portfolio.\u00a0 \u00a0It offers a conservative short to medium-term investment plan.\u00a0 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.\u00a0 Good Luck!<\/p>\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1155\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.otenga.com\/images\/banner_468.gif\" width=\"468\" height=\"60\" \/><\/a><\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>Emily News<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/emilynews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article, please share it by using the social media buttons below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This program has STOPPED paying! Do not invest there! Introduction. A few days ago, we wrote a \u201cFirst Thoughts\u201d article on Otenga.\u00a0 I\u2019m going to first repeat the part of that article I wrote about &hellip; <a title=\"Otenga &#8212; Review\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=2611\"><span class=\"screen-reader-text\">Otenga &#8212; Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[717,709,712,710,711,713,732,716,714,715,718],"class_list":["post-2611","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-httpswww-otenga-comrefemilynews","tag-otenga","tag-otenga-info","tag-otenga-investment-plan","tag-otenga-investment-program","tag-otenga-news","tag-otenga-review","tag-otenga-scam-or-paying","tag-otenga-update","tag-otenga-updates","tag-otenga-com","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Otenga - Review - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=2611\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Otenga - Review | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! Do not invest there! Introduction. A few days ago, we wrote a \u201cFirst Thoughts\u201d article on Otenga.\u00a0 I\u2019m going to first repeat the part of that article I wrote about &hellip; Otenga &#8212; ReviewRead more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=2611\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-06T04:17:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-16T04:25:32+00:00\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Otenga - Review | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/12\/ot.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2611\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=2611\",\"name\":\"Otenga - Review - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2611#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2611#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.otenga.com\/images\/banner_468.gif\",\"datePublished\":\"2017-12-06T04:17:09+00:00\",\"dateModified\":\"2018-01-16T04:25:32+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2611#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=2611\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2611#primaryimage\",\"url\":\"https:\/\/www.otenga.com\/images\/banner_468.gif\",\"contentUrl\":\"https:\/\/www.otenga.com\/images\/banner_468.gif\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2611#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Otenga &#8212; Review\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Otenga - Review - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=2611","og_locale":"en_US","og_type":"article","og_title":"Otenga - Review | FAIR and FAST HYIP News | EmilyNews | EN","og_description":"This program has STOPPED paying! Do not invest there! Introduction. 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