{"id":3840,"date":"2018-04-06T02:41:14","date_gmt":"2018-04-06T02:41:14","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3840"},"modified":"2018-04-26T06:50:30","modified_gmt":"2018-04-26T06:50:30","slug":"snowbit-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3840","title":{"rendered":"Snowbit &#8211; Review\u00a0Part 1"},"content":{"rendered":"<p><strong>Analysis of the Snowbit Investment Plans.<\/strong><\/p>\n<p>As we indicated in the \u201c<a href=\"http:\/\/emilynews.com\/blog\/?p=3821\" target=\"_blank\" rel=\"noopener\">First Thoughts<\/a>\u201d article that we published about <a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\">Snowbit <\/a>a few days ago, the company has only one investment plan.\u00a0 It\u2019s what we refer to as a \u201cperpetual\u201d plan because it pays interest forever; the plan does not have a finite term.\u00a0 Much like a conventional bank account, your deposit will continue to earn money for you for as long as the program survives.\u00a0 However, unlike a bank account, it appears that you cannot withdraw your deposit.\u00a0 So, your success as an investor with this company depends on it being around long enough for you to at least break even.\u00a0 Ideally, you would like the program to be around for a lot longer than that!<\/p>\n<p>All business transacted with <a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\">Snowbit <\/a>is by means of Bitcoin.\u00a0 Deposits, withdrawals, earnings &#8212; everything.\u00a0 Investors should keep this in mind, especially when dealing with small amounts of money, as the transaction fees for Bitcoin are substantial.\u00a0 I am not up to date on this.\u00a0 However, my feeling is that transactions of less than $100 might lose a significant part of the transaction due to fees.\u00a0 You should research that carefully before doing business with <a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\">Snowbit<\/a>.<\/p>\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.snowbit.io\/img\/b2.gif\" width=\"468\" height=\"60\" \/><\/a><\/p>\n<p>The <a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\">Snowbit <\/a>investment plan is divided into six parts which depend on the size of your deposit.\u00a0 Larger deposits earn a higher daily interest.\u00a0 Here\u2019s the breakdown as it appears in the website:<\/p>\n<p>.0010 BTC &#8211; 0.0300 BTC.\u00a0 \u00a0 \u00a01.50% daily<br \/>\n.0301 BTC &#8211; 0.1500 BTC.\u00a0 \u00a0 \u00a03.50% daily<br \/>\n.1501 BTC &#8211; 0.3000 BTC.\u00a0 \u00a0 \u00a05.50% daily<br \/>\n.3001 BTC &#8211; 1.0000 BTC.\u00a0 \u00a0 6.25% daily<br \/>\n1.0010 BTC &#8211; 10.0000 BTC.\u00a0 \u00a06.50% daily<br \/>\n10.0010 BTC &#8211; 30.0000 BTC.\u00a0 \u00a0 \u00a07.00% daily<\/p>\n<p>I don\u2019t think too well &#8220;in Bitcoin.&#8221;\u00a0 So, let\u2019s convert these numbers to dollars to clarify the amounts of money we are talking about.\u00a0 Assuming that one Bitcoin is worth around $8,000, this chart would roughly convert to the following:<\/p>\n<p>Part #1.\u00a0 $8 &#8211; $240.\u00a0\u00a0\u00a0\u00a0 1.50% daily<br \/>\nPart #2.\u00a0 $240 &#8211; $1,200.\u00a0\u00a0\u00a0\u00a0 3.50% daily<br \/>\nPart #3.\u00a0 $1,200 &#8211; $2,400.\u00a0\u00a0\u00a0\u00a0 5.50% daily<br \/>\nPart #4.\u00a0 $2,400 &#8211; $8,000.\u00a0\u00a0\u00a0\u00a0 6.25% daily<br \/>\nPart #5.\u00a0 $8,000 &#8211; $80,000.\u00a0\u00a0\u00a0\u00a0 6.50% daily<br \/>\nPart #6.\u00a0 $80,000 &#8211; $240,000.\u00a0\u00a0\u00a0\u00a0 7.00% daily<\/p>\n<p>As you can see, I\u2019ve added a \u201cPart\u201d number to each subdivision of the investment plan &#8212; simply to make things easier to talk about.\u00a0 And, please remember that the dollar amounts in the preceding chart are approximate &#8212; simply to clarify your thinking in case, like me, you don\u2019t think to clearly \u201cin Bitcoin.\u201d<\/p>\n<p>Looking at this chart, a number of things should jump out at you.\u00a0 First of all, the investment limits for Parts #5 and #6 are pretty much \u201coff the chart.\u201d\u00a0 We would not advise anyone to invest these amounts of money in ANY online investment program unless, possibly, the program provided verifiable information about the activities of the company and its financial performance.\u00a0 Possibly, the investment limits for Part #4 are even too high for our type of online investment.\u00a0 I am going to assume that this is the case and, in what follows, I\u2019m only going to refer to the first three parts of the <a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\">Snowbit <\/a>investment plan.<\/p>\n<p>In the foregoing, I indicated that, since your deposit doesn\u2019t appear to be returned to you, it is important that you break even before the program closes.\u00a0 So, let\u2019s calculate the breakeven points for the three parts of the investment plan that we are talking about.\u00a0 This is easy to do as all you have to do is divide 100% by the percent of your deposit that you are recovering on a daily basis.\u00a0 For Part #1 of the investment plan, this comes to 67 days (100\/1.5).\u00a0 If you do the same arithmetic for the next two parts of the investment plan, you get the following:<\/p>\n<p>Part #1.\u00a0 67 days<br \/>\nPart #2.\u00a0 29 days<br \/>\nPart #3.\u00a0 19 days<\/p>\n<p>From the point of view of safety, we suggest that a person NOT invest in plans that break even in greater than one month (please see <a href=\"http:\/\/emilynews.com\/blog\/?p=3709\" target=\"_blank\" rel=\"noopener\"><em>HYIP Insights #21<\/em><\/a> for a discussion of this).\u00a0 With that in mind, Part #1 might not be a good choice; Part #2 would be borderline; and, Part #3 would probably be a good choice &#8212; if you can afford the minimum investment of around $1,200.<\/p>\n<p><a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.snowbit.io\/img\/b2.gif\" width=\"468\" height=\"60\" \/><\/a><\/p>\n<p>In order to discuss the profitability and survivability of an investment program, we take a look at a quantity that we at <em>Emily News<\/em> refer to as DNI &#8212; the daily net interest that an investment plan offers.\u00a0 This is simply the average daily profit that you earn from an investment plan over its duration.<\/p>\n<p>In the case of a \u201cperpetual\u201d investment program, you have to ASSUME a program life since none are given.\u00a0 So, we will assume a number of DIFFERENT lifetimes for these investment plans and calculate the DNI for each of them.\u00a0 We\u2019ll start with 60 days and increase by 30-day intervals after that.\u00a0 Of course, Part #1 of the plan won\u2019t be making a profit till we reach 90 days.\u00a0 We\u2019ll do the calculation together for a few cases and then I\u2019ll just show the results for additional cases.\u00a0 You can verify them by doing the same arithmetic as we did for the example cases that we worked out together.<\/p>\n<p>OK, let\u2019s start with Part #2 and assume that the program runs for 60 days.\u00a0 At 3.5% gross daily interest, your total gross interest for that period would be 210% (3.5 x 60).\u00a0 Subtracting 100% from this to account for the fact that this includes your deposit, your total net interest would be 110%.\u00a0 Finally, dividing this by the 60-day assumed length of the plan, you get an average daily net interest, or DNI, of 1.83% (110\/60).\u00a0 For Part #3 that pays a daily gross interest of 5.5%, your total gross interest after 60 days would be 330% (5.5 x 60).\u00a0 Subtracting 100%, you get a total net interest of 230% and, finally, dividing this by the 60-day assumed length of the plan, you get a DNI of 3.83%.\u00a0 Repeating this arithmetic for assumed 90-day and 120-day lengths of the program (and also for 30-days for Plans #2 and #3), you would get the following results:<\/p>\n<p>DNI for Different Program Lengths<\/p>\n<p>30 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 60 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90 day\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120 days<\/p>\n<p>Part #1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 &#8212;&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 &#8212;&#8211;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.39%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.67%<br \/>\nPart #2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.17%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.83%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.39%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.67%<br \/>\nPart #3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.17%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.83%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.39%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.47%<\/p>\n<p>Looking at these numbers, it is obvious that Parts #2 and #3 are MUCH more profitable than Part #1.\u00a0 After 90 days, for Part #1 you are earning a daily profit of less than 0.5% whereas, in Part #3, your daily profit is almost 4.5%.\u00a0 That\u2019s over 30% per week &#8212; which is phenomenal.\u00a0 After 120 days, of course, your profits increase even more.\u00a0 If we had worked out these numbers for a year or so, we would find that the limiting values for DNI would be the daily gross interest that is paid for each part of the investment plan.<\/p>\n<p>These results merit some serious discussion.\u00a0 So, rather than make this review excessively long, I think it would probably be best if we put this discussion off till a <a href=\"http:\/\/emilynews.com\/blog\/?p=3842\" target=\"_blank\" rel=\"noopener\">second part for the review<\/a>.\u00a0 At least some of what we will say about the <a href=\"http:\/\/emilynews.com\/link.php?id=1182\" target=\"_blank\" rel=\"noopener\">Snowbit <\/a>investment plan will probably apply to almost ANY \u201cperpetual\u201d investment plan.\u00a0 So, it will be important.\u00a0 Please stay tuned\u2026<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/emilynews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article, please share it by using the social media buttons below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysis of the Snowbit Investment Plans. As we indicated in the \u201cFirst Thoughts\u201d article that we published about Snowbit a few days ago, the company has only one investment plan.\u00a0 It\u2019s what we refer to &hellip; <a title=\"Snowbit &#8211; Review\u00a0Part 1\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=3840\"><span class=\"screen-reader-text\">Snowbit &#8211; Review\u00a0Part 1<\/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":[1],"tags":[1223,1232,1228,1229,1231,1236,1230,1233,1234,1235],"class_list":["post-3840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-snowbit","tag-snowbit-info","tag-snowbit-investment-plan","tag-snowbit-investment-program","tag-snowbit-news","tag-snowbit-review","tag-snowbit-scam-or-paying","tag-snowbit-update","tag-snowbit-updates","tag-snowbit-io","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Snowbit - Review\u00a0Part 1 - 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=3840\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Snowbit - Review\u00a0Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Analysis of the Snowbit Investment Plans. As we indicated in the \u201cFirst Thoughts\u201d article that we published about Snowbit a few days ago, the company has only one investment plan.\u00a0 It\u2019s what we refer to &hellip; Snowbit &#8211; Review\u00a0Part 1Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=3840\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-06T02:41:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-26T06:50:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/04\/snb-1.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:image\" content=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/04\/snb-1.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3840\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=3840\",\"name\":\"Snowbit - Review\u00a0Part 1 - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3840#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3840#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/04\/snb-1.jpg\",\"datePublished\":\"2018-04-06T02:41:14+00:00\",\"dateModified\":\"2018-04-26T06:50:30+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3840#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=3840\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3840#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/04\/snb-1.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/04\/snb-1.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=3840#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Snowbit &#8211; Review\u00a0Part 1\"}]},{\"@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":"Snowbit - Review\u00a0Part 1 - 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=3840","og_locale":"en_US","og_type":"article","og_title":"Snowbit - Review\u00a0Part 1 - EmilyNews","og_description":"Analysis of the Snowbit Investment Plans. 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