{"id":2267,"date":"2017-10-25T03:55:31","date_gmt":"2017-10-25T03:55:31","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2267"},"modified":"2017-11-10T04:17:51","modified_gmt":"2017-11-10T04:17:51","slug":"news-commentary-197-lifebit-first-thoughts","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2267","title":{"rendered":"News Commentary #197 — LifeBit First Thoughts"},"content":{"rendered":"

First Thoughts on LifeBit.<\/strong><\/p>\n

We just began a \u201cSilver\u201d listing for LifeBit<\/a> on the Emily News<\/em> monitor. The company has been online since October 5 which is also the date of filing on their incorporation papers. So, it appears to be a very new company. They claim to be involved with both BitCoin mining as well as trading of BitCoin \u201con the most secure markets in order to maximize your risk; and maximize your ROI.\u201d This is not the first time I have encountered a company that is involved with these two activities. Actually, this surprises me as, the way I see it, mining is the territory of a computer \u201cgeek\u201d whereas trading cryptocurrencies is the job of the financial analyst. Two very different professions. This not to say that this is an impossible combination. But the implication is that it takes two teams of professionals rather than one to get the work done. LifeBit<\/a> also claims that they use alternate energy to power their mining operation. The up-front costs of getting set up in the mining business must be substantial. The biggest drawback to alternate energy is also the up-front cost. I\u2019m surprised that they don\u2019t begin operations using conventional energy sources and then gradually replace them with alternate energy. This thought does appear to some degree in the website explanation of the company\u2019s operation when it talks about expansion of the business. It says \u201cWith the invested money we are able to set up new renewable energie sources, so we can mine Bitcoins without any additional electricity costs.\u201d The company will have to work very hard to recover its investment in mining hardware and initial renewable energy equipment before it can purchase more.<\/p>\n

<\/a><\/p>\n

LifeBit<\/a> offers what could be described as a single investment plan. However, the interest that it pays depends on the size of your deposit. The investment plan is \u201cperpetual\u2019 meaning that, on one hand, your investment is never returned to you and, on the other, that you will continue to receive interest earnings until the company finally closes its doors. For small deposits, interest starts at 1.5% per day. However, for large deposits of 10 BitCoin and more, interest goes all the way up to 7% per day. That\u2019s a phenomenal 49% per week! One wonders is this can really be true. However, the minimum investment requirement of 10 BitCoin (around $60,000 now!) that is required in order to receive this interest return is equally crazy.<\/p>\n

So, at first look, LifeBit<\/a> appears to present some very tantalizing money-making opportunities. In a few days we will review the program and will take a much more in-depth look at its investment plan in order to get a clearer idea as to exactly how it works. Please stand by\u2026<\/p>\n

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First Thoughts on LifeBit. We just began a \u201cSilver\u201d listing for LifeBit on the Emily News monitor. The company has been online since October 5 which is also the date of filing on their incorporation … News Commentary #197 — LifeBit First Thoughts<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":204,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[591,593,598,595,599,602,603,594,600,601,596,597,592],"class_list":["post-2267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-httpswww-lifebit-ioid354","tag-lifebit","tag-lifebit-first-thoughts","tag-lifebit-info","tag-lifebit-introduction","tag-lifebit-investment-plan","tag-lifebit-investment-program","tag-lifebit-news","tag-lifebit-review","tag-lifebit-scam-or-paying","tag-lifebit-update","tag-lifebit-updates","tag-lifebit-io","exalt-entry"],"yoast_head":"\nNews Commentary #197 - LifeBit First Thoughts - 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=2267\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary - LifeBit First Thoughts | Fair and Fast HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"First Thoughts on LifeBit. 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