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ecocoins-io

 

 

 

Another bitcoin investing program launched recently and this time the company is supposedly involved in the environment rescue ideology. The latest HYIPs were all proved extremely dangerous or scams leaving participants with a loss while the owners were shutiing down websites one after the other.

Today the program under investigation looks like a replica but let’s dive deep before we jump into conclusions.

 

 

 

Inside EcoCoins

 

 

 

The homepage welcome visitors with only 1 main headline.

Meet eco-miners, 5% bonus to your deposit in honor of new equipment production.

 

Investment Plans

 

EcoWorld Plans

  • EcoLeaf: 1.55% daily ROI for 14 days, deposits 0.005 BTC – 0.025 BTC
  • EcoPoint: 1.72% daily ROI for 35 days, deposits 0.025 BTC – 0.70 BTC
  • EcoFarm: 1.93% daily ROI for 52 day, deposits 0.70 BTC – 5.0 BTC
  • EcoWorld: 2.32% daily for 240 days, deposits 2.0 BTC – Unlimited BTC

 

Standard Plans

  • Starter: 8.03% daily ROI for 14 days, deposits 0.005 BTC – 0.025 BTC
  • Standard: 5.85% daily ROI for 21 days, deposits 0.015 BTC – 0.10 BTC
  • Master: 4.70% daily ROI for 28 days, deposits 0.05 BTC – 0.50 BTC
  • Advanced: 3.63% daily ROI 42 days, deposits 0.10 BTC – 5.0 BTC

They underline…

With us you may be sure you’re not dealing with some invisible or nonexistent assets, for example, Hash Rates or dedicated Bitcoin miner. It is much close to bank credit.

 

Minimum withdrawal limit 0.001 BTC

 

Affiliate Program

Basic – commissions on 3 levels deep (MLM)

1st level 3.15%, 2nd 2.21%, 3rd 1.18%

Standard partnership

  • You have to deposit at least 0.5 BTC and to have 15 referrals in your downline (minimum), with a total deposit of 2.5 BTC.
  • Now you earn commissions not only from referrals purchases but from their personal income as well.

1st level 2.4% (commissions on personal income of referrals), 2nd level 1.9%, 3rd level 0.7%

Professional partner

  • Exceed 5 BTC deposits and you will automatically become a professional partner. Another requirement is that the first line in your organisation should deposit at least 15 BTC.
  • Another way to get this status is that your first and second line in your downline team invest 50 BTC or more. And you have personally invested at least 1.5 BTC.

Welcome bonus 7.12% 1st level, 4.9% second line commissions on investments, 1.97% 3rd level.

Income bonus 1st level 15.3%, 2nd 7.19%, 3rd 3.17%

Additional bonus 1% of investments of the 4th line at the end of the period.

 

In order to be eligible for any referral commissions you should be an active customer, meaning that you have to deposit in the system.

 

 

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Credits for Deposits

  • Depending on the deposit plan, the credit terms may vary. Credit is given for a period of 5 days, credit interest rate is 0.5% daily. The credit interest payment is done at the moment of credited deposit profit payment.
  • After getting a credit, user’s Account imposes some restrictions: during the credit usage period user is unable to perform any withdrawal operations and making deposit from the account balance
  • Credit can be repaid only by refilling Account Balance with amount not less than the credit amount

 

There are more requirements if you are interested.

 

Video Commercial – Making Money of Nature

The company started on the idea of mining bitcoins using the power of nature. A revolution.!.They expanded their bitcoin farms. Then they decided to move on with cryptocurrency trading. They have already invested dozens of thousands of dollars and now there is an opportunity for anyone in the world to participate in the company’s dream.

It is not an easy task to use solar energy in order to “Fuel” the bitcoin mining process. That is why every employee is skilled and experienced. They have partners all over the world, experts in their field.

Now they want to expand their horizons using funds from the public.

 

Of course the last slogan is about nature. They care about the environment.

 

OK, I am all ears..!

 

 

ecocoins-io

 

 

 

Management of Plans Budget – They say

The Standard plans are partially used for cryptocurrency trading as well as for buying small, and medium-sized mining hardware spare parts. They also use it to buy equipment for сryptocurrency mining and green power plants for power supply

Meanwhile their experts are constantly analyzing the cryptocurrency market to determine what exactly should be mined today: Bitcoin, Litecoin, 42coin and so on. Actually, there are over 800 various cryptocurrencies available for mining and all of them may be easily converted to Bitcoin. Thus they’re seeking for the best exchange rates to convert the mined cryptocurrency to Bitcoin and receive the highest profit they can. They have only one criterion to mine certain cryptocurrency: it should be much more profitable right now compared to the other ones.

All funds received from the EcoWorld plans investments are used just for purchasing full stack equipment for creating and launching new cryptocurrency mining eco-farms. They’re mining cryptocurrency in the most efficient way with zero-bills for electricity. That is how they have huge extra-earnings. Everybody knows that power supply seriously impacts the profitability of Bitcoin mining: the cost of power consumption is close to block signing reward. Using green power, they are not only taking care of the environment, but also staying more than 60% effective compared to traditional cryptocurrency mining

 

 

ecocoins-io

 

 

Video & other Testimonials

On the homepage there are 3 video testimonials.

The script testimonial found on the affiliate program page shows a man signed as Mike. But this image comes from the stock market.

 

Why to choose EcoCoins

EcoCoins has put an end of the oil millionaires epoch: now you need nothing but green energy to make your own fortune. The future has come at last

  • Benefit from the most eco-friendly way to earn
  • Participate in optimization of Bitcoin mining cost
  • Take care of the planet’s ecology and environment
  • Enjoy making money of nothing but solar energy

 

 

ecocoins-io

 

 

 

EcoCoin Token – The Future of Cryptocurrencies

In short, the main function of any system based on BlockChain technology is the signing of the transactions blocks to exclude the possibility of data corruption. In Bitcoin and most other modern cryptocurrencies, this operation performed by the miners, is extremely energy-intensive.

Based on the experience gained they managed to develop a system that, on the one hand, retains the advantages of blockchain – the inability to make changes to the blocks and guarantee the integrity of data, and on the other hand it is much more economical in terms of energy costs

They developed their own signature algorithms for this purpose, which can not be implemented in the form of ASIC at the present time (which means that they are ASIC-resistant) and in addition it makes the increase in mining farms capacity ineffective

They developed the “Cooperative Consensus Signing” algorithm. The network selects 5% of the miners in the network to sign the block. Selection is based on the power of each of the miners, the queue and other parameters that allow to distribute the signing of each block between random members of the network

More blah blah blah…and…

 

At this point, the ECOCOIN token is in the closed beta stage and is being actively tested!

 

 

Social Media

  • The Facebook page is somehow semi-active. A few sporadic posts, fewer likes. At least there is something.
  • The Twitter account is new as well, only 66 tweets so far. The same goes for the G+ page.

 

On social platform they only publish about their company and the plans. Classic tactic but very ineffective leading to zero interaction.

 

EcoCoins – Blog

Wow, a blog section. May be the HYIP owners are getting better after all.

  • Solar energy: bitcoin mining cost optimization
  • Wind Eneggy: weak perspectives for bitcoin mining
  • Energy harvesting approach to bitcoin mining farm organization
  • The peltier element utilization for bitcoin mining
  • Global blockchain trends: financial markets reorganization
  • ASIC miners: AntMiner S5 or AntMiner S9?
  • The last 5 years trends in solar energy production
  • Gow to determine a suitable place for solar plant deployment
  • Floating solar power plants
  • New Year’s gift from EcoCoins team
  • Good start for EcoCoins people
  • Photovoltaics: innovative approaches
  • Green power in bitcoin mining costs structure
  • Bitcoin mining profitability in 2017
  • Blockchain and IoT integration
  • Japan recognising bitcoin as a legal payment method

 

Interesting, let me comment at the end

 

 

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FAQ – Terms – Important

  • What is EcoCoins?..a c ompany that developed an innovative cryptocurrency mining approach.
  • How do you make profit?..The company owns a system for low cost bitcoin mining. They invest into green energy and solar power plants to power server farms for mining and have an extra layer of profits.
  • Only 1 account is allowed
  • No refunds

.The privacy policy is a bit unclear but they may collect personal information such as tax identification number, date of birth, home address. I would not give them such kind of information. In any case do not upload ID verification documents.

 

Registration – Legal Docs

I could not find any information on the official website. However I found a company named EcoCoins LTD in the company’s house listings. Number 10475029, Kemp House, 160 City Road, London, London, United Kingdom, EC1V 2NX, incorporated on 11 November 2016. The name Martin Weatherall appears as officer.

 

Owners – Domain

By performing a whois search I uncover the registration expiry date for the domain ecocoins.io, 03 October 2018. The owners remain anonymous using privacy protection.

 

 

 

 

Final Words

 

 

 

I believe HYIPs are getting more sophisticated as times passes by. Of course online reviews is the main cause….Let’s analyse the facts…

 

Let’s discuss about the ROIs first…

 

The 2nd pack of plans is obviously writtent without too much of thinking…Here is a copy of the plans…

Standard Plans

  • Starter: 8.03% daily ROI for 14 days, deposits 0.005 BTC – 0.025 BTC
  • Standard: 5.85% daily ROI for 21 days, deposits 0.015 BTC – 0.10 BTC
  • Master: 4.70% daily ROI for 28 days, deposits 0.05 BTC – 0.50 BTC
  • Advanced: 3.63% daily ROI 42 days, deposits 0.10 BTC – 5.0 BTC

Why would someone choose any of the last 3 plans?…is there any reason?…All last 3 plans last longer and give less. The first plan gives 8% daily ROI for 14 days. If this duration is not enough simply you re-invest. Of course you might say, but I can’t invest 5 BTC on the 1st plan.

 

Keep on reading because it would not be a wise decision to invest so much money in a HYIP like that.

 

Apart from these details that are not that much important, this is where we have to focus on. No company can generate such kind of daily ROIs with bitcoin mining. Any program promising more than 10% yearly is very risky and should be avoided. How can they generate 8% on a daily basis remains a mystery.

 

 

The affiliate program is very shady and uses a big catch to make you deposit the maximum number of bitcoins. If you don’t invest more you won’t receive the extra fancy bonuses and commissions on personal income.

 

The expensive video presentation is using stock footage to make us believe in the company’s vision. Expanded bitcoin mining farms. Cryptocurrency trading. EcoCoins owners invested thousands of dollars to fuel a low cost mining process for all. Every employee is an expert and they care about the environment.

None of this information is verifiable. Just because someone says he is involved in trading do I have to believe him?…I need strong proof of the trading experts existence. I need real photos of the bitcoin farms, of the equipment, of the offices and facilities. More importantly I want to see the face of the owner. Why are they hiding like ghosts behind words and websites?

 

I can only see bogus promises and much of talking. They supposedly created their own mining algorithm that right now is in beta stage and being actively tested. They have next to zero electricity costs but at the same time they want fiunds from random people online!!…

If you had such an innovative system in place to reduce all mining costs and you were able to generate 8% daily ROIs would you share your profits and “know how” with strangers?…Does it make any sense?

 

The blog department comes as a surprise. But as we are reviewing these programs at least they try to get better. The thing is that EcoCoins fails dramatically once again to convince me. You see the mini blog is a copy of articles found online. It is not their content.

 

  • For example the article “Blockchain and IoT Integration” (23 March 2017) is a copy of ForkLog.net (19 March 2017).

 

 

ecocoins-io

 

 

  • The article “Bitcoin Mining Profitability in 2017” (13 March 2017) is a copy of bitcoinmining.com (06 February 2017).
  • The article “Photovoltaics: Innovative Approaches” (09 February 2017) is a copy of an old article (at least 2 years ago) found on slideplayer.com, published by Lonnie Laker.

 

 

 

ecocoins-io

 

 

 

This is how they blog on HYIPs. Nice try, but  we won’t take the bait. This is not exactly real contribution. Stealing other people’s content to misdirect visitors is not adding much trust to a company.

 

What about the stock images that they use massively on pages and videos?…It is OK for a company to use stock images, any company could do that. But at least you have to show the real images of the owner and the team members. This is how you build trust. When you create videos showing people supposedly working for your company can be easily verified online. Do not use stock footage for those certain parts. Besides it is a company seeking for investments. Not only, an investor might deposit unlimited bitcoins. Deposit to who?…Who is receiving those funds?…Someone somewhere?…I am secured…

 

Nope, I believe that we deal with a Ponzi mechanism. Well masked but still the signs are obvious. All money coming in EcoCoins is funds from affiliated members that invest expecting the 8% daily ROIs. As there is no other source of income when recruitment slows down no new money will be rolling in, no ROIs will be delivered.

The anonymous owners will disappear from the market for a while, preparing for their next Ponzi. The vast majority of affiliates is guaranteed to taste a bitter loss.

 

I would stay away. In any case if EcoCoins is a huge company as they claim there is no need to invest yet. Do that in a year from now where we can collect information from other participants.

 

 

How to Make Money Online Away from HYIP Risks

 

 

Participating in HYIPs is worst than gambling but it is your decisions after all.

However there is a solid solution for people that want to do something remarkable and they are not afraid to work hard. You see money online can be made like the offline world. You only need to know how to get started. In that case the most newbie friendly online business model is what we call mini niche affiliate websites. Long term potential, no risks, minimum startup costs, endless opportunities.

 

Top Places to Get Affiliate Marketing Help

 

Related

 

 

That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time, your online partner.

 

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