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Lifebit - Cloud mining with new technology & pricing
#1
Quote: Money News Online Review

"Hello everyone! After some mixed fortunes in the industry no doubt some of you will be welcoming the weekend, though I for one would really like to close off the business week on a positive note. Hopefully that will come in the form of LifeBit, a brand new program which just launched and joined the MNO Standard List immediately on doing so. That’s an open ended program, i.e. no expiry date so once you join you continue earning for how ever long LifeBit stays online. They also work exclusively with BitCoin so make sure you are OK with that before proceeding. Technically the LifeBit site does claim to be online a bit longer than that, though to the best of my knowledge was only in testing mode and no real active investments were really being worked on until later. Anyway, let’s see what LifeBit have to offer and if you can make room for them in your own portfolios at the moment.

LifeBit
The minimum requirement for joining the program is 0.001 BTC. At current exchange rates that works out at about $6 (at the time of writing) but I suggest you check out the official rate of the day at preev.com if/when you are ready to deposit. Basically there’s only one investment plan though it’s broken down into categories depending on how much you want to invest. As with most HYIPs LifeBit try to encourage bigger and bigger deposits with higher rates of interest, though the basic concept behind all of them remains the same – members get paid for as long as the program survives. The plan sees LifeBit offering to pay up to a 7% maximum interest per day for an unlimited period of time, though only the biggest spending players are offered that. A more realistic figure is 1.5% per calendar day, which is what applies to all investments between the 0.001 BTC minimum and 0.03 BTC (around $180) which is probably the category most of you will fall into.

I can’t really say anything else about it than that, because it’s not a “one size fits all” style plan that applies to everyone without any variations. The only thing we need to speculate or gamble on is can they survive long enough after your deposit is made for you to break even and see a profit. At the end of the day it’s your money and your call what to do with it, so play or pass, the choice is nobody else’s to make except your own. You just need to make your own calculations based on how much you are looking to invest. The rates are as follows:
3.5% per day if you spend from 0.0301 BTC to 0.15 BTC, 5.5% per day if investing between 0.1501 BTC and 0.3 BTC, 6.25% per day on amounts from 0.3001 BTC to 1 BTC, 6.5% interest per day for investments between 1.001 BTC and 10 BTC, with finally the maximum rate of 7% per day only applying to deposits starting from 10.001 BTC up to a top level of 30 BTC.

If you think you’d like to try your luck with LifeBit then I guess we need to talk a bit about what your payment options are. As I mentioned it’s BitCoin only here, so LifeBit is really only for those who favour the more modern digital e-currencies. Withdrawals will have to be requested by investors themselves from inside their own private members account areas. Once done, the LifeBit admin says that all transactions are to be processed instantly, though if you are familiar with the workings of BitCoin you should know in this case instant payouts are still subject to your wallet confirmations.

On the technical side of things LifeBit is hosted on a dedicated server with the support and protection of BlazingFast, and for an added layer of safety there’s an extended Green Bar SSL certificate from Let’s Encrypt Authority, which might make the transactions somewhat safer but will not guarantee the safety of your actual investment. There’s a UK certificate of incorporation on display as well from where LifeBit are registered as a company, which again experienced players will know exactly what this does for the safety of their investment.

If you have any further questions for the admin or account related issues then you can start by contacting him directly at the e-mail listed on the LifeBit website. You can also use their Facebook account if you prefer using social media networks. A postal address is listed in the UK, though most of you will know by now that this can safely be ignored as a virtual hosted office space and not where you would expect to find anyone connected with running LifeBit physically located were you to visit.

Anything to do with an actual business plan backing any of this up and sustaining such difficultly high interest rates to investors is largely skipped over. Website content, that is the texts, on LifeBit relate briefly to BitCoin mining and trading, but are a bit thin on anything substantial that you might be able to investigate and verify independently for yourselves. Experienced HYIP players will probably tell you not to bother looking anyway because you are unlikely to find anything. But remember, even the most trusting HYIP investor needs to be aware that if even what a HYIP admin tells you turns out to be true, it can still never offer any kind of degree of protection for your principal or sustained interest. So whether you like it or not, play with HYIPs and you gamble. From that perspective you need to remember to behave responsibly, set yourself a sensible spending limit you can afford to lose, and if joining LifeBit at all then remember it might be best to keep them as a smaller part of a wider more diverse portfolio."

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Investors Care Admin
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