{"id":2302,"date":"2017-11-01T03:35:59","date_gmt":"2017-11-01T03:35:59","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2302"},"modified":"2017-11-01T03:35:59","modified_gmt":"2017-11-01T03:35:59","slug":"news-commentary-201-enwy-first-thoughts","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2302","title":{"rendered":"News Commentary #201 — Enwy First Thoughts"},"content":{"rendered":"

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

Emily News<\/em> just began a \u201cSilver\u201d listing for the Enwy<\/a>. It\u2019s a new program and has been online for around three weeks. They are involved with cloud mining of cryptocurrencies. According to the website, \u201cThe modern platform for cloud mining Enwy.io. A unique service that allows you to extract popular crypto-currencies with power distribution and complete process control.\u201d Unfortunately, this explanation of the program is translated from Russian (I think) and it isn\u2019t very clear.<\/p>\n

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

I confess to being unfamiliar with the process of cloud mining and so, in an effort to help me better understand what\u2019s going on in the website, I did a bit of research. Following is what I found on Wikipedia. Perhaps a few of you will find it to be as helpful as it was to me.<\/p>\n

Cloud Mining<\/u> is the process of bitcoin mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. There are many cloud mining scams.<\/p>\n

Types of Hosting<\/u><\/p>\n

Users of hosted Mining equipment can either lease a physical mining server or a Virtual private server and install mining software on the machine. Instead of leasing a dedicated server, some services offer hashing power hosted in data centers for sale denominated in Gigahash\/seconds (GH\/s); Users either select a desired amount of hashing power and a period for the contract or in some cases can trade their hashing power.<\/p>\n

Pros and Cons<\/u><\/p>\n

There are several advantages over the normal home-mining.<\/p>\n

Pros:
\n\u2022 A Quiet and cooler home
\n\u2022 Lower electricity usage
\n\u2022 no need to manage the equipment – no need to repair and no need to configure the hardware<\/p>\n

Cons:
\n\u2022 Management Cost – cost for the maintenance of the equipment
\n\u2022 Lack of control – most providers don’t offer the possibility for one to choose their desired mining pool
\n\u2022 Security \u2013 some cloud mining service providers have turned out to be Ponzi schemes<\/p><\/blockquote>\n

Enwy<\/a> offers a single investment plan. It is a perpetual plan that doesn\u2019t return your principal. Or, to put it another way, you can say that your principal is returned as part of your earnings.<\/p>\n

The percentage yield of the investment plan is given on the \u201cCalculation\u201d page of the website. The interest paid increases from 2% per day for investments under 149 gigahash\/sec (gh\/s) up to 4% for investments over 1,000,000 gh\/s. These numbers might sound high. However, the conversion given on this page is $1 = 100 gh\/s. This aspect of the chart confused me for a while as I don\u2019t understand why the chart doesn\u2019t simply list the dollar cost of the hashing power that an investor is purchasing. On another website I found the chart translated into dollars. I guess someone else shared my confusion. Here\u2019s that translation:<\/p>\n

2% per day with a contribution up to 1.49 $
\n2.2% per day with a contribution of $ 1.5 – $ 4.99
\n2.4% per day with a contribution of $ 5 – $ 24.99
\n2.6% per day with a contribution of $ 25 – $ 99.99
\n2.8% per day with a contribution of $ 100 – $ 249.99
\n3% per day with a contribution of $ 250 – $ 499.99
\n3.2% per day with a contribution of $ 500 – $ 999.99
\n3.4% per day with a contribution of $ 1000 – $ 2499.99
\n3.6% per day with a contribution of $ 2500 – $ 4999.99
\n3.8% per day with a contribution of $ 5000 – $ 9999.99
\n4% per day with a contribution from 10000 $<\/p><\/blockquote>\n

I have no idea why the word \u201ccontribution\u201d was used rather that the more common words \u201cdeposit\u201d or \u201cinvestment.\u201d
\nOne thing that jumps out at you when viewing this chart is that the level of investment required to participate in this program is very low.\u00a0 I suspect that a great many investors will make deposits at the 3% (or maybe greater) levels.<\/p>\n

To use the calculator on the \u201cCalculation\u201d page, you enter the amount of DOLLARS you would like to invest.\u00a0 Following that, the level of the chart corresponding to the gh\/s level of that dollar amount will light up. The result of the calculation for one, 10, 30, 100, and 365 days then appears on the \u201cCalculation\u201d box at the bottom of the page.<\/p>\n

When I do a review of Enwy <\/a>in a few days, I will provide further explanation of the investment plan and make a complete analysis of its profitability. I hope to also offer further insights as to how the program works. There are still a number of fuzzy areas in my mind. Please stand by\u2026<\/p>\n

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

*********************************<\/p>\n

If one of the paying programs on our Monitor appeals to you, please support Emily News<\/em> by registering for it on our website. Thanks very very much!<\/p>\n

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Be the first to get most important HYIP news everyday!
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If you like this article, please share it by using the social media buttons below.<\/p>\n","protected":false},"excerpt":{"rendered":"

First Thoughts on Enwy. Emily News just began a \u201cSilver\u201d listing for the Enwy. It\u2019s a new program and has been online for around three weeks. They are involved with cloud mining of cryptocurrencies. According … News Commentary #201 — Enwy 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":[607,609,613,608,610,611,612,616,614,615,606,605],"class_list":["post-2302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-enwy","tag-enwy-first-thoughts","tag-enwy-info","tag-enwy-introduction","tag-enwy-investment-plan","tag-enwy-investment-program","tag-enwy-news","tag-enwy-scam-or-paying","tag-enwy-update","tag-enwy-updates","tag-enwy-io","tag-httpsenwy-iorefemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #201 - Enwy 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=2302\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary - Enwy First Thoughts | Fair and Fast HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"First Thoughts on Enwy. Emily News just began a \u201cSilver\u201d listing for the Enwy. It\u2019s a new program and has been online for around three weeks. They are involved with cloud mining of cryptocurrencies. 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