{"id":3563,"date":"2018-03-12T04:05:46","date_gmt":"2018-03-12T04:05:46","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3563"},"modified":"2018-03-12T04:05:46","modified_gmt":"2018-03-12T04:05:46","slug":"news-commentary-368-bitzz-mining-ltd-first-thoughts","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3563","title":{"rendered":"News Commentary #368 – Bitzz Mining Ltd First Thoughts"},"content":{"rendered":"

First Thoughts on Bitzz Mining Ltd.<\/strong><\/p>\n

We recently began a \u201cSilver\u201d listing for Bitzz Mining Ltd (Bitzz<\/a> for short) in the EmilyNew<\/em>s<\/strong> monitor.\u00a0 The company has been online for around 80 days and, in round numbers, claims to have close to 10,000 accounts with over 10,000 in Bitcoin invested.\u00a0 Assuming these are all active accounts, that comes to around one Bitcoin per account or, in dollars, around $1,000 per account.\u00a0 This is high for the online HYIP business.\u00a0 If these are not all active accounts, then the amount invested per account would be even higher — which would be very surprising.<\/p>\n

As indicated in the documents available on the website, Bitzz<\/a> was incorporated in October of 2107 by a Mr. Talon Howard.\u00a0 He is the sole director of the company and also the sole shareholder.\u00a0 So, it is a one-man-show (please see HYIP Insights #17<\/em><\/a> for a discussion of this).\u00a0 This is not necessarily bad as a single person can, indeed, run a corporation.\u00a0 However, it is a strange setup that is quite popular in the HYIP business.<\/p>\n

Bitzz<\/a> claims to generate its revenue by means of a \u201cdynamic cloud mining investment platform;\u201d an informational video on the “home” page of the website indicates that this is the revenue source. I am always confused as to exactly what \u201ccloud\u201d mining of cryptocurrencies is.\u00a0 From what I have read, it is basically a procedure whereby a company can rent mining power from a physical mining facility.\u00a0 This eliminates the expense of investing in hardware as well as in operating it (power costs can be extremely high).\u00a0 The downside is the rental cost.\u00a0 If I have this right, if managed wisely, a cloud mining venture can be a profitable one.<\/p>\n

However, on the “about” page of the website, there is another video showing a physical mining facility where there is a poster affixed to a structure that says Bitzz<\/a> \u201cDynamic Cloud Mining.\u201d\u00a0 This is confusing as, on one hand, cloud mining implies that no physical facilities are involved, whereas, on the other, here is a video of such a facility!<\/p>\n

In an effort to find out more about the company, I went to the FAQ section of the website and found this question:<\/p>\n

What is the basic idea behind the creation of Bitzz<\/a>? Is the company for “real”?<\/p>\n

Bitzz<\/a> is a crypto-currency investment company founded in 2017.\u00a0\u00a0 The wide range of services we offer has been specifically designed to assist Bitcoin owners in their investment decisions. We are a London-based company with a group of investment professionals covering a wide range of industries, from engineering to advanced computer technology. Our group of experts is also very experienced in cryptocurrency techniques and can answer any question you may have about cryptocurrency investments.<\/p><\/blockquote>\n

Unfortunately, this further added to my confusion as it didn\u2019t say anything at all about cloud mining — or even conventional cryptocurrency mining.\u00a0 It gives the impression that Bitzz<\/a> is an INVESTMENT COMPANY with very diversified interests.<\/p>\n

Then I found another question in the FAQ which reads as follows:<\/p>\n

You seem to provide a quite lucrative interest rate for a limited period of time. Where is the money coming from?<\/p>\n

As a result of the volume of Bitcoin mining and our cutting-edge mining technology, we have the ability to provide an interest rate that’s higher than what’s usually obtainable in the market. Moreover, the fact that we are always spreading our reach as far as we can globally help us in reaching new heights. Plus, we have to stick only to concepts that have to do with modern-day infrastructure if we want to maintain our status as one of the best Bitcoin mining companies.<\/p><\/blockquote>\n

This answer confused me still more as it fairly clearly states that the company is involved with CONVENTIONAL cryptocurrency mining.<\/p>\n

So, what does Bitzz<\/a> do?\u00a0 I\u2019m not sure.\u00a0 It appears to be involved with one or more of the following activities:<\/p>\n

Investment
\nConventional hardware-based cryptocurrency mining
\nCloud Mining of cryptocurrencies<\/p>\n

Perhaps there is a simple answer to my confusion.\u00a0 I did NOT contact the company for clarification of all this.<\/p>\n

Bitzz<\/a> offers a single investment plan.\u00a0 According to the website, \u201cThe plan we currently offer is the same, no matter how much you invest. You earn a constant hourly profit of 0.2% as long as you keep your investment in the project.\u00a0 You have the option of choosing any amount of investment, depending on your ultimate goal and the size of your profit.\u00a0 Other plans with other trading companies offer a daily profit rate that depends on how much you invest. This means that you will usually only get a reasonable return on your investment if you invest large sums of money.\u201d\u00a0 In addition, you can request your principal back at any time.\u00a0 However, there is a cancellation fee of from 30% to 100% of your investment.<\/p>\n

There is more to the Bitzz<\/a> investment plan.\u00a0 However, we\u2019ll cover that when we review the program in a few days.\u00a0 Please stand by.<\/p>\n

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

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

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

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First Thoughts on Bitzz Mining Ltd. We recently began a \u201cSilver\u201d listing for Bitzz Mining Ltd (Bitzz for short) in the EmilyNews monitor.\u00a0 The company has been online for around 80 days and, in round … News Commentary #368 – Bitzz Mining Ltd First Thoughts<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1094,1095,1101,1096,1098,1099,1100,1097,1104,1102,1103,1106,1107,1105],"class_list":["post-3563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitzz","tag-bitzz-first-thoufhts","tag-bitzz-info","tag-bitzz-introduction","tag-bitzz-investment-plan","tag-bitzz-investment-program","tag-bitzz-news","tag-bitzz-preface","tag-bitzz-scam-or-paying","tag-bitzz-update","tag-bitzz-updates","tag-bitzz-io","tag-httpemilynews-comlink-phpid1175","tag-httpsbitzz-ioen","exalt-entry"],"yoast_head":"\nNews Commentary #368 - Bitzz Mining Ltd 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=3563\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitzz Mining Ltd First Thoughts | FAIR and FAST HYIP News | EmilyNews | EN | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"First Thoughts on Bitzz Mining Ltd. We recently began a \u201cSilver\u201d listing for Bitzz Mining Ltd (Bitzz for short) in the EmilyNews monitor.\u00a0 The company has been online for around 80 days and, in round … News Commentary #368 – Bitzz Mining Ltd First ThoughtsRead more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=3563\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-12T04:05:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/03\/btz.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bitzz Mining Ltd First Thoughts | FAIR and FAST HYIP News | EmilyNews | EN | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/03\/btz.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3563\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=3563\",\"name\":\"News Commentary #368 - Bitzz Mining Ltd First Thoughts - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3563#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3563#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/03\/btz.jpg\",\"datePublished\":\"2018-03-12T04:05:46+00:00\",\"dateModified\":\"2018-03-12T04:05:46+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3563#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=3563\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3563#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/03\/btz.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/03\/btz.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3563#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Commentary #368 – Bitzz Mining Ltd First Thoughts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"News Commentary #368 - Bitzz Mining Ltd First Thoughts - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=3563","og_locale":"en_US","og_type":"article","og_title":"Bitzz Mining Ltd First Thoughts | FAIR and FAST HYIP News | EmilyNews | EN | FAIR and FAST HYIP News | EmilyNews | EN","og_description":"First Thoughts on Bitzz Mining Ltd. 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