{"id":3821,"date":"2018-04-05T04:25:32","date_gmt":"2018-04-05T04:25:32","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3821"},"modified":"2018-04-05T04:25:32","modified_gmt":"2018-04-05T04:25:32","slug":"news-commentary-401-snowbit-first-thoughts","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3821","title":{"rendered":"News Commentary #401 – Snowbit First Thoughts"},"content":{"rendered":"

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

Snowbit <\/a>just began a \u201cSilver\u201d listing on the EmilyNews<\/em> monitor.\u00a0 It is a new company that just went online on March 30 — a few days ago.<\/p>\n

Snowbit <\/a>claims to be involved with both the mining of Bitcoin as well as trading the coins they mine in order to create the funds by means of which the company generates its revenue.\u00a0 According to its website, Snowbit <\/a>\u201cutilizes the most modern, efficient and productive hardware and software to mine the Bitcoins; which are then traded on the most secure markets in order to maximize your risk; and maximize your ROI.\u201d\u00a0 Furthermore, Snowbit<\/a> claims to be \u201cdedicated to bitcoin mining with renewable energy.\u201d<\/p>\n

So, Snowbit <\/a>appears to be one of a number of online investment companies whose expertise includes TWO radically different areas.\u00a0 First of all, they are computer \u201cgeeks\u201d with the knowledge required to set up and operate a Bitcoin mining operation.\u00a0 Second, they have the financial wizardry required to be successful at trading the Bitcoins they mine at various exchanges.\u00a0 On top of this, their mining operation utilizes renewable energy.\u00a0 This is actually a very wise move as it will cut down or eliminate the cost of electricity to operate their mining operation.\u00a0 However, the trade-off is the high initial cost of acquisition of the renewable energy hardware.\u00a0 This plus the cost of the mining hardware itself must have been quite an investment\u2026<\/p>\n

I note that there is a significant typographical error on the \u201cAbout\u201d page of the website that I quoted above.\u00a0 I trust that Snowbit <\/a>is NOT going to \u201cmaximize\u201d the risk of investors making a deposit with them!<\/p>\n

Snowbit <\/a>offers a single investment plan that offers returns that are proportional to your investment.\u00a0 For smaller investments, returns are modest.\u00a0 For larger investments, returns are quite substantial.\u00a0 The investment plan is \u201cperpetual,\u201d meaning that you will continue to earn on your deposit until the program ultimately closes.<\/p>\n

We will have more to say about the Snowbit investment plan when we review the program.\u00a0 This should happen in the next day or two.\u00a0 Please stay tuned\u2026<\/p>\n

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

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First Thoughts on Snowbit. Snowbit just began a \u201cSilver\u201d listing on the EmilyNews monitor.\u00a0 It is a new company that just went online on March 30 — a few days ago. Snowbit claims to be … News Commentary #401 – Snowbit First Thoughts<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1223,1224,1232,1226,1227,1228,1229,1231,1225,1230,1233,1234,1235],"class_list":["post-3821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-snowbit","tag-snowbit-first-thoughts","tag-snowbit-info","tag-snowbit-intro","tag-snowbit-introduction","tag-snowbit-investment-plan","tag-snowbit-investment-program","tag-snowbit-news","tag-snowbit-preface","tag-snowbit-scam-or-paying","tag-snowbit-update","tag-snowbit-updates","tag-snowbit-io","exalt-entry"],"yoast_head":"\nNews Commentary #401 - Snowbit 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=3821\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #401 - Snowbit First Thoughts - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"First Thoughts on Snowbit. Snowbit just began a \u201cSilver\u201d listing on the EmilyNews monitor.\u00a0 It is a new company that just went online on March 30 — a few days ago. 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