{"id":4850,"date":"2018-09-18T04:10:40","date_gmt":"2018-09-18T04:10:40","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4850"},"modified":"2018-10-09T19:08:25","modified_gmt":"2018-10-09T19:08:25","slug":"promine-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4850","title":{"rendered":"ProMine – Review"},"content":{"rendered":"

This program moved to CLOSED! Do not invest there!<\/strong><\/p>\n

In our recent \u201cFirst Thoughts\u201d article about ProMine<\/a>, we summarized the program\u2019s investment plans in the following way:<\/p>\n

ProMine<\/a>\u00a0offers three investment plans. \u00a0I would probably call them medium-term plans as they run from 30 to 60 days long.\u00a0 Interests paid range from 3.5% all the way up to 6% daily.\u00a0 It looks like these returns include your investment.\u00a0 Minimum investments in the three plans are 0.002, 0.1, and 1.0 BTC.\u00a0 So, at least the first two plans will be doable for the serious online investor.<\/p><\/blockquote>\n

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

Here is the complete information on the ProMine <\/a>investment plans as it appears on their website:<\/p>\n

Start Miner
\n3.5%\/day for 60 days
\n0.002 \u2013 10 BTC<\/p>\n

Cloud Miner
\n5%\/day for 40 days
\n0.1 \u2013 20 BTC<\/p>\n

ASIC Miner
\n6%\/day for 30 days
\n1 \u2013 100 BTC<\/p>\n

Analysis of the ProMine Investment Plans.<\/strong><\/p>\n

Before we can discuss an HYIP’s investment plans intelligently, we need two additional pieces of information about them:<\/p>\n

Their breakeven points
\nThe daily net interest that they pay<\/p>\n

The meaning of breakeven point is probably clear to you.\u00a0 But, what do we mean by daily net interest?\u00a0 First of all, let\u2019s agree to call it \u201cDNI\u201d for short.\u00a0 Next, remember that \u201cnet\u201d means profit.\u00a0 So, DNI might appear to be the profit that you make from an HYIP on a daily basis.\u00a0 This isn\u2019t quite right yet because, as you know, the daily profit you earn can vary considerably over the course of an investment plan.\u00a0 Specifically, your profit is ZERO until you break even.\u00a0 After that, all your earnings are \u201cpure\u201d profit.\u00a0 Well, to get DNI you take the TOTAL net profit that an investment plan pays you and then divide it by the number of days in the investment plan to get the AVERAGE daily profit that the plan pays.\u00a0 I think you can see that this gives us a neat way to compare one investment plan with another.\u00a0 What can be a better indicator of how profitable (or risky!) an investment plan is than the average percent profit it pays you on a daily basis?<\/p>\n

With that as background, let\u2019s begin our analysis of the ProMine<\/a> investment plans by determining how long it will take them to break even.\u00a0 This is very simple to do.\u00a0 You simply divide 100% by the percent interest a plan pays.\u00a0 For example, in the Start Miner plan, you divide 100% by 3.5% to get that the plan breaks even in around 29 days.\u00a0 If you do the same arithmetic for the other two plans, you can determine the following break even points for all the ProMine <\/a>investment plans:<\/p>\n

Start Miner.\u00a0\u00a0\u00a0\u00a0 29 days
\nCloud Miner.\u00a0\u00a0\u00a0\u00a0 20 days
\nASIC Miner.\u00a0\u00a0\u00a0\u00a0 17 days<\/p>\n

Now, let\u2019s determine the DNI for the Start Miner investment plan.\u00a0 Since the plan pays 3.5% gross interest per day for 60 days, multiplying the two numbers together, you get that the plan pays a total gross interest of 210% from start to finish.\u00a0 Since your investment is returned to you as part of this gross interest, you must subtract 100% from it in order to get the total net interest that you will receive.\u00a0 In this case, it is 110%.\u00a0 Finally, as we discussed earlier, if you want to get daily net interest, or DNI, you must average this total out over the length of the investment plan by dividing it by 60, the number of days in the plan.\u00a0 Doing this, you get a DNI of 1.83%.\u00a0 If you repeat this same arithmetic for the other two investment plans, you would get the following results:<\/p>\n

Start Miner.\u00a0\u00a0\u00a0\u00a0 DNI = 1.83%
\nCloud Miner.\u00a0\u00a0\u00a0\u00a0 DNI = 2.50%
\nASIC Miner.\u00a0\u00a0\u00a0\u00a0 DNI = 2.67%<\/p>\n

Discussion.<\/strong><\/p>\n

Let\u2019s assume that 1 BTC is worth around $6,000.\u00a0 This implies that the three investment plans have the following minimum investments:<\/p>\n

Start Miner.\u00a0\u00a0\u00a0\u00a0 $12 (.002 x 6,000)
\nCloud Miner.\u00a0\u00a0\u00a0\u00a0 $600 (.1 x 6,000)
\nASIC Miner.\u00a0\u00a0\u00a0\u00a0 $6,000<\/p>\n

The Start Miner plan is affordable by anyone and will be the most popular plan of the lot.\u00a0 Some investors will be able to afford the Cloud Miner plan.\u00a0 However, few, if any, will buy into the ASIC Miner plan.\u00a0 In fact, we at EmilyNews<\/em> recommend against investing large sums of money in ANY online investment plan unless the program can provide documented proof of both its existence and of its past financial performance.\u00a0 So, let\u2019s restrict our attention to the first two investment plans from now on\u2026<\/p>\n

A nice thing about investment plans such as these is that the relatively high gross daily interest that they pay leads to fairly short breakeven points.\u00a0 The Start Miner plan breaks even in a month of so and the Cloud miner plan breaks even in around three weeks.\u00a0 Of course, you are receiving earnings from \u201cday one\u201d and therefore your risk decreases as the days and weeks go by.\u00a0 This is far far superior to the type of investment plan that returns your investment when the plan ends.<\/p>\n

Now, let\u2019s see what the DNIs of the two investment plans that we are considering can tell us.\u00a0 We\u2019ll look at profitability first.\u00a0 If you multiply DNI by seven, you will get an average weekly profit (rather than daily) that each plan pays.\u00a0 This is really the same thing.\u00a0 However, I think more clearly in terms of weeks (that\u2019s how pay checks are issued!) rather than in terms of days.\u00a0 Doing this we get:<\/p>\n

Start Miner.\u00a0 \u00a0\u00a0\u00a0DNI = 1.83%.\u00a0\u00a0\u00a0\u00a0 Average weekly profit = 12.8%
\nCloud Miner.\u00a0 \u00a0\u00a0\u00a0DNI = 2.5%.\u00a0\u00a0\u00a0\u00a0 Average weekly profit = 17.5%<\/p>\n

This level of profit is very respectable.\u00a0 In fact, in HYIP Insights #23<\/em><\/a>, we suggested that a sensible target for weekly profit might be between 5% and 15%.\u00a0 Implied in this recommendation is that profit more than this might suggest that the long-term survivability of the program is at risk.\u00a0 In HYIP Insights #12<\/em><\/a>, our suggestion was that the survivability of programs offering investment plans with DNIs higher than 2% might be at risk.\u00a0 Although the DNI for the Cloud Miner program is higher than this, it is by no means a hopeless situation.\u00a0 Remember that these are our \u201csuggestions.\u201d\u00a0 They are not rules cast in concrete.\u00a0 Perhaps most important, the greater part of the investment activity in the ProMine<\/a> program will be with the Start Miner investment plan.\u00a0 This will significantly decrease the obligation the company has for making the higher interest returns that the Cloud Miner plan requires which, in turn, will lead to greater overall health of the ProMine<\/a> investment program.<\/p>\n

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

Conclusions.<\/strong><\/p>\n

ProMine <\/a>offers three investment plans.\u00a0 The highest interest plan has a minimum investment that will probably be beyond the reach of almost all online investors.\u00a0 The remaining two plans provide returns that are fairly lucrative and that break even relatively fast.\u00a0 These features should make them attractive to a large number of investors.\u00a0 The fact that the plans are lucrative also implies that the long-term survivability of the program might be at risk.\u00a0 However, since most investment activity will be in the lowest interest program, this risk would appear to be lessened.\u00a0 With wise management practices by the program administrators, this program could be a long-term success.<\/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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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":"

This program moved to CLOSED! Do not invest there! In our recent \u201cFirst Thoughts\u201d article about ProMine, we summarized the program\u2019s investment plans in the following way: ProMine\u00a0offers three investment plans. \u00a0I would probably call … ProMine – Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1707,1695,1702,1700,1701,1703,1724,1706,1704,1705,1708],"class_list":["post-4850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-httpspromine-corefemilynews","tag-promine","tag-promine-info","tag-promine-investment-plan","tag-promine-investment-program","tag-promine-news","tag-promine-review","tag-promine-scam-or-paying","tag-promine-update","tag-promine-updates","tag-promine-co","exalt-entry"],"yoast_head":"\nProMine - Review - 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=4850\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ProMine - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! Do not invest there! In our recent \u201cFirst Thoughts\u201d article about ProMine, we summarized the program\u2019s investment plans in the following way: ProMine\u00a0offers three investment plans. \u00a0I would probably call … ProMine – ReviewRead more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=4850\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-18T04:10:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-09T19:08:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.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\/09\/pm.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=4850\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=4850\",\"name\":\"ProMine - Review - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=4850#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=4850#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg\",\"datePublished\":\"2018-09-18T04:10:40+00:00\",\"dateModified\":\"2018-10-09T19:08:25+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=4850#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=4850\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=4850#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=4850#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ProMine – Review\"}]},{\"@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":"ProMine - Review - 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=4850","og_locale":"en_US","og_type":"article","og_title":"ProMine - Review - EmilyNews","og_description":"This program moved to CLOSED! 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In our recent \u201cFirst Thoughts\u201d article about ProMine, we summarized the program\u2019s investment plans in the following way: ProMine\u00a0offers three investment plans. \u00a0I would probably call … ProMine – ReviewRead more","og_url":"https:\/\/emilynews.com\/blog\/?p=4850","og_site_name":"EmilyNews","article_published_time":"2018-09-18T04:10:40+00:00","article_modified_time":"2018-10-09T19:08:25+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_image":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg","twitter_misc":{"Written by":"Emilynews","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=4850","url":"https:\/\/emilynews.com\/blog\/?p=4850","name":"ProMine - Review - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=4850#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=4850#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg","datePublished":"2018-09-18T04:10:40+00:00","dateModified":"2018-10-09T19:08:25+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=4850#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=4850"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=4850#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/pm.jpg","width":200,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=4850#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"ProMine – Review"}]},{"@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"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4850"}],"version-history":[{"count":0,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/4824"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}