{"id":392,"date":"2017-02-28T10:39:11","date_gmt":"2017-02-28T10:39:11","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=392"},"modified":"2017-03-14T15:40:46","modified_gmt":"2017-03-14T15:40:46","slug":"ultra-mining-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=392","title":{"rendered":"Ultra-Mining — Review"},"content":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore!<\/strong><\/p>\n

As the name of the company implies, Ultra-Mining<\/a> is involved with cryptocurrency mining, specifically the mining of Bitcoins.\u00a0 The company \u201chas been engaged in software development and computer engineering since 2010.\u201d\u00a0 They explain that their \u201cinvestment model, which until recently was only available in several Asian countries for a small number of corporate partners,\u201d is now being made available to a broader audience due to their long experience and \u201cinnovation.\u201d<\/p>\n

Ultra-Mining<\/a> is a Chinese company and is registered in Hong Kong.\u00a0 This might explain the roughness of the English version of the website which is a little hard to understand at times.\u00a0 We at Emily News<\/em> count this against a company for a number of reasons.\u00a0 For a discussion of this, please refer to HYIP Insights #2<\/em> that you can read here<\/a>.\u00a0 However, it is nice to see a company come along registered elsewhere than in the United Kingdom, often with articles of incorporation that cast doubt on the legitimacy of a company.\u00a0 You may have noticed that we discussed this in reviews we made of a number of other HYIPs lately.<\/p>\n

Ultra-Mining\u2019s<\/a> investment plan is unusual in that your investment is never returned to you.\u00a0 It becomes a part of the company\u2019s working capital and you receive earnings on it forever.\u00a0 In a sense, this is like buying stock and then receiving dividends for the life of the company.\u00a0 There are three levels of investment that pay from 0.8% to 3% daily interest for every calendar day.\u00a0 The amount of interest that is paid depends on the size of your investment.\u00a0 Here\u2019s a summary of the three investment plans:<\/p>\n

0.8% Plan<\/strong>
\nmin: $10
\nmax: $500<\/p>\n

1.2% Plan<\/strong>
\nmin: $501
\nmax: $2000<\/p>\n

3.0% Plan<\/strong>
\nmin: $2001
\nmax: $5000<\/p>\n

I will note in passing that these investment limits are much more realistic that those posted by many other HYIPs. \u00a0In the case of Ultra-Mining<\/a>, an investor might actually come along who will invest a few thousand dollars.\u00a0 In contrast, the investment limits in the hundreds of thousands of dollars listed by many other HYIPs are a joke.<\/p>\n

Let\u2019s work a few examples to see how these different plans would work out for you:<\/p>\n

0.8% Plan<\/strong>.\u00a0 For an investment of $100, you would earn $0.80 daily (.008 x 100).\u00a0 You would break even after 125 days (100\/.08).\u00a0 This is quite a long time, around four months.\u00a0 The time to break even would, of course, be the same no matter how much you invest between the limits of $10 and $500.<\/p>\n

1.2% Plan<\/strong>.\u00a0 For an investment of $1,000, you would earn $12 daily (.012 x 1,000).\u00a0 You would break even in 84 days, somewhat less than three months.\u00a0 This is a little better than the 0.8% plan.\u00a0 Again the breakeven point is the same for any investment between $501 and $2,000.<\/p>\n

3% Plan<\/strong>.\u00a0 For an investment of $3,000, you would earn $90 daily (.03 x 3,000) and you would break even in 34 days (3,000\/90), around one month.\u00a0 If you have over $2,000 to invest, from the point of view of the breakeven point, this plan is the way to go.<\/p>\n

It is important to realize that, once you make an investment to Ultra-Mining<\/a>, you will never see it again.\u00a0 Yes, you will earn daily interest from it for as long as the company survives.\u00a0 However, it is impossible to withdraw it or even a part of it.\u00a0 Likewise, it is impossible to add to your deposit.\u00a0 So, if you would like to invest more, you must make a new deposit and all of your deposits are treated separately.\u00a0 The point is that you can\u2019t add to your initial investment to bring it up to a higher interest rate.<\/p>\n

Earnings are posted every 24 hours.\u00a0 All deposits and withdrawals must be made by means of Bitcoin.\u00a0 This implies that there might be delays as transactions are being verified. \u00a0Deposits can be posted in as little as one half hour but could take as long as 24 hours.\u00a0 No time limit is given for processing of withdrawals.\u00a0 As indicated in the investment plan summaries above, the smallest investment allowable is $10.\u00a0 The smallest withdrawal is $0.10, although I can\u2019t see why anyone would like to make such a small withdrawal unless he is just checking how the system works.\u00a0 After all, what can you buy nowadays for $0.10?<\/p>\n

Bitcoin is the only payment processor that is presently used.\u00a0 I guess that makes sense for a company that is involved with mining Bitcoin.\u00a0 However, it appears that additional payment processors will added in the foreseeable future.<\/p>\n

Ultra-Mining<\/a> has a respectable referral program.\u00a0 It pays you 5% of deposits made by people that you refer (on your first level), 3% of deposits on your second level, and 1% of deposits on your third.<\/p>\n

Assistance is by means of the standard contact form or email, which I assume both go to the same place.\u00a0 There is also a Hong Kong address and phone number.\u00a0 \u00a0I didn\u2019t try to call the phone to test if it is functional.<\/p>\n

Everything said, Ultra-Mining<\/a> might be worth considering adding to your investment portfolio.\u00a0 However, as the saying goes, \u201cdon\u2019t put all your eggs in one basket.\u201d\u00a0 Diversify your investment portfolio and never invest more than you can afford to lose.\u00a0 Good Luck!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore! As the name of the company implies, Ultra-Mining is involved with cryptocurrency mining, specifically the mining of Bitcoins.\u00a0 The company \u201chas been engaged in software … Ultra-Mining — Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":401,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","exalt-entry"],"yoast_head":"\nUltra-Mining - 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=392\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ultra-Mining - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This is \u00a0SCAM project already! 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