Dear Steemians,
The ogre is actually testing MicroHash (https://www.microhash.net) - a "company" which promises 10%-interest a day. Interestingly it got good reviews:
http://www.viral-alert.com/microhash.net/
But this 10 % ist obviously a big red flag: Which company can give you 10% a day (for a lifetime)? If you look at their HP, they say they make their income from mining BTC and give you the chance to lease hashing power from them - and here is the main problem I have with this site: BTC mining isn´t that profitable, furthermore they lease out KH/s (yea right: not TH/s): For example I have 1025 KH/s at the moment which should bring me 12 bucks a day: That´s simply not possible. They say their entire capacity is 100GH/s, that would earn sth like 0.01 BTC per year.
Furthermore: If we do the math the business model can not work: If the site is up for a year (chances practically 0 %), there will be a lot of new Billionaires: Compoundaily says I could compound to $ 154,002,804,902,356,544.00 after one year (great, looking forward to it, since I need some more SP ;)).
So why did I invest 120 bucks?
- Firstly, its a gamble, like going to the Casino, and I simply love to play (but only with small amounts).
- Secondly, I´ve got a plan: My plan is to first get my initial investment back (in 10 days). I speculate that this site will be up for two or three more weeks which should also be enough to get some profit out of it. Up to now all payouts came through (I invested five days ago; today I got 12 bucks paid out). But this plan can easily fail. So I will keep you posted.
To sum this up: I can not recommend this site. I think it is a SCAM (or Ponzi).
If you want to gamble like me, than sign up, but I would do it the next days... . Here´s my referral link (as far as I understood it, i will get free "hashing power" if you use this - I do not know if you get any advantage out of this...)
https://www.microhash.net/?ref=30184
See also (same conclusion):
and
