First Thoughts on eMine.

eMine just began a “Sticky Diamond” listing on the EmilyNews Monitor.  They are a new company and have only been active online for a week or so.  Sticky Diamond is our premier listing category and listing in it usually represents a serious commitment by a company to a long-term online presence.  We hope that will be the case with eMine.

eMine claims to be involved with “cloud mining” of Bitcoin.  As I see it, cloud mining differs from conventional crypto mining in that the miner doesn’t deal with physical mining hardware.  There are several means by which such a miner can utilize the hardware owned by others.  According to the website, “eMine cooperates with some of the largest mining farms in countries all over the world, including the United Kingdom, the United States of America, Germany, France, Myanmar (Burma), and Taiwan. Together, we have formed a large network that ensures a high level of performance and reliability to get the most out of your investment.”

For the investor, eMine offers a single easy-to-understand investment plan that pays 3.6% per day for 60 days.  The minimum investment is only 0.0005 BTC and the maximum is 10 BTC.  Your investment is returned to you as part of your earnings.  A quick calculation tells me that interest paid by this plan is right in the “sweet spot,” high enough to be very profitable, but not so high that the survival of the program will be at undue risk.

We’ll have more to say about the pros and cons of the eMine investment plan when we review it.  Please stand by.  The review will be available in a few days.

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