Would like to know if anyone has heard of BitClub Network

[EndTheFed321]

Disclaimer - I have been in this one since 01-10-2015

This one has been around for some time now and it claims to help you,

EARN PASSIVE INCOME...

With BitClub our main objective is to help educate you on the crypto currency market and provide opportunities for you to participate in that will give you both short-term and long-term gains. One of the easiest ways to earn is through our passive income mining pools.

It works like this... You can purchase shares in 3 different mining pools and the profits earned from each pool will be paid based on which pool you participate in. You pay a one time $500, $1,000, or $2,000 USD to receive 1 share of the mining pool profits.

With your purchase you will receive a share of profits from the mine for 1,000 days! (just under 3 years). A percentage of all Bitcoin profits earned from the actual mining process will be used to purchase new equipment and managing the expansion of the mining operations.

*No Sponsoring Required to Earn Mining Pool Profits

BITCLUB MINING POOLS

Mining Pool #1 -- Each share cost $500 USD that will be used to purchase new equipment and fund the mining operations. Every day the total Bitcoin earned from this mine will be split among all members in the pool and paid out daily. Each share earns 50% profit with 50% used to purchase additional shares.

Mining Pool #2 -- Each share cost $1,000 USD and just like Pool #1 the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 60% profit with 40% used to purchase additional shares.

Mining Pool #3 -- Each share cost $2,000 USD and the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 70% profit with 30% used to purchase additional shares.

Example: Using Mine #1, if the total Bitcoin mined for the day = 1 BTC and there are 100 shares outstanding then each share would earn .01 BTC. From this 50% would be paid in profit per share (.005 BTC) and 50% (.005 BTC) would be used to purchase additional shares.

So if the value of 1 Bitcoin = $500 USD and you have 1 share then you would earn $5 USD (.01 BTC) of which $2.50 is paid to you and $2.50 is used to purchase an additional share on your behalf. In this case you would purchase an additional .005 shares with your $2.50 and you would have a total of 1.005 shares going into the next day that you are now earning on.

IMPORTANT: Each full share purchased will last for 1,000 days. The reason we set this to 1,000 days is due to to the constant increase in calculations and computing power required as the math gets harder and harder to mine more Bitcoin (or other Crypto Currency). Therefore, we have identified this 1,000 day window as an ideal time frame based on how the market is today.

TIMING IS RIGHT NOW...

Today almost everyone has access to the Internet and uses it everyday. In the first few years of the Internet everyone knew about it but most people hesitated in jumping in until it became "mainstream." That is exactly where Bitcoin is right now... Just imagine if you knew then what you know now about the Internet, you could have made millions if you took action.

Bitcoin has been here since 2009 and it's here to stay!

However, it's not yet mainstream and that's what we call a HUGE opportunity! Don't miss your chance to cash-in because somebody is going to... It might as well be you!

BitClub Network provides screen shots of it`s mining from the BlockChain

https://bitclubnetwork.com/templates/btc_template/images/piebcn.png

https://bitclubnetwork.com/templates/btc_template/images/rank.png

https://bitclubnetwork.com/templates/btc_template/images/bcbcn.png

Also found BitClub Network Mining Video Tour

https://youtu.be/bUGZmWwZvhI

****************************************

I have been earning bitcoin from pool share 1 since I joined here is just a some of my most resent earnings

07-18-2015   Pool   0.00028854   $ --   $ --   Received mining earnings totaling 0.00028854 BTC from your partial shares in mine 1
07-18-2015   Pool   0.00121288   $ --   $ --   Received mining earnings totaling 0.00121288 BTC from your full shares in mine 1
07-17-2015   Pool   0.00028970   $ --   $ --   Received mining earnings totaling 0.00028970 BTC from your partial shares in mine 1
07-17-2015   Pool   0.00121775   $ --   $ --   Received mining earnings totaling 0.00121775 BTC from your full shares in mine 1
07-16-2015   Pool   0.00052219   $ --   $ --   Received mining earnings totaling 0.00052219 BTC from your partial shares in mine 1
07-16-2015   Pool   0.00219502   $ --   $ --   Received mining earnings totaling 0.00219502 BTC from your full shares in mine 1
07-15-2015   Pool   0.00052324   $ --   $ --   Received mining earnings totaling 0.00052324 BTC from your partial shares in mine 1
07-15-2015   Pool   0.00219942   $ --   $ --   Received mining earnings totaling 0.00219942 BTC from your full shares in mine 1
07-14-2015   Pool   0.00052376   $ --   $ --   Received mining earnings totaling 0.00052376 BTC from your partial shares in mine 1
07-14-2015   Pool   0.00220162   $ --   $ --   Received mining earnings totaling 0.00220162 BTC from your full shares in mine 1

So, It looks to me that BitClub Network is actually mining. I have not referred anyone to this one yet. All earnings as you can see are from my full pool 1 share and partial shares that are repurchased automatically by the system.

please post if you have heard any thing regarding this one good or bad.

[1714127700]

1714127700

[1714127700]

1714127700

[1714127700]

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[EndTheFed321]

here you can see the block trail

https://www.blocktrail.com/BTC/block/000000000000000009e1ef16e96062d92cf2a022088d7939077fefe4889e314a

just in case anyone would like to join me here is the link

https://bitclubnetwork.com/lerdbaron/home.html

[EndTheFed321]

I found the live block chain pool for BitClub Network
scroll down to the bottom you can see BitClub Network Hash-rate Distribution

https://blockchain.info/pools

[EndTheFed321]

New Mining Pool is LIVE

BitClub Network mining pool was completely re-built and is waiting on the deployment of this new facility to re-launch. This happened a few days ago and is now fully LIVE and ready for miners to join. In fact, BitClub Network has already hit 3 blocks in the past 3 days and is still bringing over more power.

Check out BitClub Network on the BlockChain...

https://blockchain.info/pools   1%

Block 1
https://blockchain.info/block-index/931513/00000000000000000e379cd54522ee16e8e8adf010aee8362be5de4e6b8bead0

Block 2
https://blockchain.info/block-index/921431/000000000000000009e1ef16e96062d92cf2a022088d7939077fefe4889e314a

Block 3
https://blockchain.info/block-index/921369/0000000000000000005f83ec58660135a83cc29fc42719968df332234949a346

Noticed a nice boost in the payout when this power went online.

BitClub Network - Iceland Facility coming online soon 

[EndTheFed321]

BitClub Network - Iceland Facility

https://youtu.be/9UCwlkXG0E0

[luis.imperator]

That's a fantastic scam.

Please for anybody new to this, interested. Pleas check this thread first:
https://bitcointalk.org/index.php?topic=878387.0

That video is so bad and so fake.

[EndTheFed321]

 luis.imperator that is your opinion, but could you please explain how I am earning bitcoin on a daily bases without having one single person who has joined under me and made any new spends? I thought I need new people to spend bitcoin in order to pay the people who first joined?

As you can see on the block chain BitClub Network continues to mine new blocks of bitcoin 25 btc on Aug 1

https://blockchain.info/blocks

367918 (Main Chain)   2015-08-01 10:04:16   BitClub Network   000000000000000000e98817b3390c24beec15fd7bf84f30818302847d45869b

[tmfp]

The blockchain never lies, they say.

BCN appears to have its roots in the MLM industry as I pointed out in this old thread
https://bitcointalk.org/index.php?topic=762075.20

I researched it a bit and came away with the distinct impression that it was a scam run by pros, but I have a vehement dislike for "networkers" and their parasitic MLM industry.
Now they are providing many of the proofs that "legit" cloud miners don't, including vids and pool, there's certainly no reason why you shouldn't invest if you feel comfortable with it, but as soon as I see this sort of crap, I don't care what the blockchain says, I run a mile

https://bitclubnetwork.com/compensation.html

Good Luck, let us know what happens and FFS get your stake money back out as soon as you ROI.

-------------
This is a bit strange too

https://www.reddit.com/r/Bitcoin/comments/38nf7t/bitclub_scam_or_not/

[EndTheFed321]

 tmfp, thanks for the information. I noticerd a few days ago that I could order the card but  when I clicked on the link this is the message that comes up

*****Debit Card Batch #1 Sold Out*****
More Available Mid/Late August

Debit Cards - Batch #1 is SOLD OUT

Our first batch of debit cards sold out and we are not taking any new orders until all of them have been fulfilled. We expect the next batch to be available mid to late August.

For those of you who purchased a card your order is being processed and you will get an update about it this week. If you have been waiting awhile it's likely that your application was rejected and is being re-submitted. We had a large majority of our first batch sent back to us for various reasons (the main reason being invalid phone numbers and bad formatting).

*Please make sure all information you submit is valid and can be verified, these applications are very picky

If your application was rejected we have most likely already re-submitted it and are now just waiting on the shipment confirmation. We did receive news that a large batch of about 75 cards will be shipped this week and we are working directly with the card issuer to get everyone approved or denied by the end of this week.

If you are denied and unable to get a Debit Card then your order will be fully refunded and you can try again on the next batch if you wish.

Sorry for the delay on this, we have received many applications from different countries in different languages and it's taking time to sort through everything and get it pushed through, but we are confident we have dialed in the process and will have details about your order this week!

[tmfp]

tmfp, thanks for the information. I noticerd a few days ago that I could order the card but  when I clicked on the link this is the message that comes up

*****Debit Card Batch #1 Sold Out*****
More Available Mid/Late August

Debit Cards - Batch #1 is SOLD OUT

My Edit:
TOO MANY WORDS TO BE BELIEVABLE. A regular failing of MLM style promotion.

So what's your time to break even on your $500, at current rate of progress?
Or is that $599 including the sign up fee?

EDIT

And shit like this from a shill site http://bitclub777.com/sample-page/fa/

BitClub has s a REAL opportunity for members to purchase mining equipment and various mining contracts that are used in mining for dozens of Digital Currencies (also called Scrypt Mining). We have created our own proprietary software that controls scrypt mining hardware and we are able to mine for the most profitable coin and then convert to Bitcoin instantly.

really pushes my cynic buttons.

[tmfp]

And just when my cynic buttons are being pressed, along comes this

Clubcoin POS, where POS doesn't mean Proof of Stake, more Piece of Shit

BitClub Network is excited to announce the Pre-Launch and Pre-Mining for a new Proof-of-stake coin called ClubCoin!

This coin will be issued to all BitClub members for FREE and will become an accepted currency of BitClub Network.

There are many ways to earn ClubCoin and as a member of BitClub you will have the opportunity to buy it, sell it, trade it, exchange it, or use it within BitClub Network for products and services.

This from http://behindmlm.com/companies/bitclub-network-out-of-funds-clubcoin-announced/ the MLM scam site that I quoted in the previous thread and drew a touchy resonse from BCN.

Huge Red Flag.

[EndTheFed321]

Hard to say about the time frame for me to break even since every day the btc received by mining varies.
Here is my current stats.
Without the new mining facility. It will be interesting to see what if any difference would be one the new mine comes online.

07-31-2015   Pool   0.00043767   $ --   $ --   Received mining earnings totaling 0.00043767 BTC from your partial shares in mine 1
07-31-2015   Pool   0.00167561   $ --   $ --   Received mining earnings totaling 0.00167561 BTC from your full shares in mine 1
07-30-2015   Pool   0.00042730   $ --   $ --   Received mining earnings totaling 0.00042730 BTC from your partial shares in mine 1
07-30-2015   Pool   0.00167897   $ --   $ --   Received mining earnings totaling 0.00167897 BTC from your full shares in mine 1
07-29-2015   Pool   0.00043031   $ --   $ --   Received mining earnings totaling 0.00043031 BTC from your partial shares in mine 1
07-29-2015   Pool   0.00169080   $ --   $ --   Received mining earnings totaling 0.00169080 BTC from your full shares in mine 1
07-28-2015   Pool   0.00042945   $ --   $ --   Received mining earnings totaling 0.00042945 BTC from your partial shares in mine 1
07-28-2015   Pool   0.00168743   $ --   $ --   Received mining earnings totaling 0.00168743 BTC from your full shares in mine 1
07-27-2015   Pool   0.00043074   $ --   $ --   Received mining earnings totaling 0.00043074 BTC from your partial shares in mine 1
07-27-2015   Pool   0.00169251   $ --   $ --   Received mining earnings totaling 0.00169251 BTC from your full shares in mine 1
07-26-2015   Pool   0.00042988   $ --   $ --   Received mining earnings totaling 0.00042988 BTC from your partial shares in mine 1
07-26-2015   Pool   0.00168913   $ --   $ --   Received mining earnings totaling 0.00168913 BTC from your full shares in mine 1
07-25-2015   Pool   0.00040468   $ --   $ --   Received mining earnings totaling 0.00040468 BTC from your partial shares in mine 1
07-25-2015   Pool   0.00170103   $ --   $ --   Received mining earnings totaling 0.00170103 BTC from your full shares in mine 1
07-24-2015   Pool   0.00040306   $ --   $ --   Received mining earnings totaling 0.00040306 BTC from your partial shares in mine 1
07-24-2015   Pool   0.00169426   $ --   $ --   Received mining earnings totaling 0.00169426 BTC from your full shares in mine 1
07-23-2015   Pool   0.00040550   $ --   $ --   Received mining earnings totaling 0.00040550 BTC from your partial shares in mine 1
07-23-2015   Pool   0.00170448   $ --   $ --   Received mining earnings totaling 0.00170448 BTC from your full shares in mine 1
07-22-2015   Pool   0.00040753   $ --   $ --   Received mining earnings totaling 0.00040753 BTC from your partial shares in mine 1
07-22-2015   Pool   0.00171305   $ --   $ --   Received mining earnings totaling 0.00171305 BTC from your full shares in mine 1

Small amounts I know at this rate it will take a long time before I get back my $599.

[jdebunt]

Never heard of BitClub network, will try to do some research on them.

[g1974ak]

I have hear about BitClub Network and I know that they mine seriously. Have a good share in the mining pools which can be found easily if you find the graphic of all the mining pools. But I was not interested more on it because the money to pay for participating is very high for me. Begin from 500 $ and go even high. I can't pay this amount in something which I don't know or I can know only from a website online.

[n2004al]

I to have heard about this club from a referral link founded in a site which do various publicity. I didn't like it firstly because the high shares that must pay. there are 500$, 1000$ and 2000$. Are big investments for an online site that don't promise nothing except shares about the results of everyday mining. No one must know if it will be break even and no one can know when it will be this break even. Then, secondly, I don't like to invest in mining bitcoin because of difficulty. Normally the difficulty will increase and this mean less and less earning from the same money. This mean even that maybe never you will have your money (remember that are not few money). To not speak for profits....

[EndTheFed321]

Mining Pool Earnings as of 8/2/2015

Earned: 0.73272 BTC

Last 24 Hours: 0.00419
Last 30 Days: 0.73272

Auto Re-purchases:
Total: 0.53146 BTC
Unused: 0.01055 BTC

[EndTheFed321]

Update:

ClubCoin - Plan for Launch

ClubCoin is almost here!

Over the past few months BitClub Network has been building a new Crypto Currency that will soon be launched to the public. We have been issuing this coin on a daily basis to all members based on every purchase made. For every $1 USD worth of Bitcoin you spend you will automatically receive 1 ClubCoin.

We are giving away 31,000,000 coins with another 9,000,000 being issued to Founders. This is an easy way to distribute the coins across our network and get them in your hands so you can start spending them, trading them, selling them, and even using them to mine more coins (which is called staking)

The hardest part about launching a coin is getting people to use it and we believe with our network we have a huge advantage in not only supporting it but growing an entire ecosystem around it.

Our plan for this coin is MASSIVE! We are not just launching the coin and hoping it sticks and some people use it. We are putting together a very strategic plan for mass adoption that has never been done before. In fact, this is only Phase 1 of 3 that we are currently working on right now.

Phase 1: Launch ClubCoin... This will be a fully working wallet and free market platform to stake and mine for new coins. The more coins you have the more weight your stake carries and the more coins you will be mining on a daily basis. This also includes being listed on exchanges and creating a real market to buy and sell the coin.

Phase 1...

we wanted to share a few screen shots of ClubCoin, the wallet, and some other details for you to see. Soon you will be able to download this and we will have a full tutorial to show you how to use it, but first here a few teasers...


Here is a screen shot of the default wallet. You decide what to keep available and what to stake
https://bitclubnetwork.com/templates/btc_template/images/cc1.png

ClubCoin developer details
https://bitclubnetwork.com/templates/btc_template/images/cc2.png

This is a live view of the transactions taken right as a new block was mined from the desktop
https://bitclubnetwork.com/templates/btc_template/images/cc4.png

Here is a picture of the Receive tab showing wallet addresses (you can create many ClubCoin addresses)
https://bitclubnetwork.com/templates/btc_template/images/cc3.png

We have a small team of people testing this right now and fixing bugs as we find them. Once we are happy with the version we will launch and give you a link to download your wallet. From here you will create a wallet address and then you will see a new field under My Profile to enter your ClubCoin address.

You will simply withdrawal your ClubCoin (just like you do Bitcoin) and it will be sent to your wallet. Once you receive the coin it will begin staking immediately and if you don't want to use the coins to stake you just set aside the amount you want to have free spending. The staked coins will be used to mine blocks and secure the network and you will be rewarded with newly issued ClubCoin.

We don't have an exact date of when this will be ready, but we are in the final stages of completion and should be providing the link very soon.

This opportunity is starting to really heat up and we are so excited for these next 3 phases. Make sure you get yourself positioned to take full advantage of what is coming and thanks for being a BitClub member!

Sincerely,
-BCN Support Team

[tmfp]

<snip Press Release >

So, what do you think OP?
Why would they do this?
In whose interests have they done this?
Does it make it more or less likely, in your opinion, that they will stick around for the 1000 days that it will take for your "investment" to pay out?

This opportunity is starting to really heat up and we are so excited for these next 3 phases.

I mean, really..... 

[EndTheFed321]

I think it could be that
1. As time goes by mining bitcoin will definitely be much harder and take longer for blocks to be mined. So, maybe the way for Bitclub Network to keep and insure profit for all passive members is to have the equipment mining the new Club Coin.

2. It could be a way for Bitclub Network to stays in profit once bitcoin mining is no longer viable.

3. or it could be just one of many scams, but only time will tell.

I think BitClub Network will be around for way over 1000 days. again this is just my opinion.

As a passive BitClub Network member I don`t need to recruit in order for me to get my daily bitcoin from the pool share I am in.

Again this could be legit or it could be a SCAM! and will keep posting updates 

[EndTheFed321]

Short Update

Phase 2: ATM Network...

You may have heard whispers about some of the ATM's we have already deployed (so far 2 are live and 5 more are being placed for a total of 7). These ATM's are more than just getting cash out by converting your Bitcoin.

Each ATM is networked together to create a mini remittance network. This means you can walk up to any machine, put cash in and someone else on the other side of the world can find an ATM and get cash out.

We will explain this in detail after Phase 1 and you will even be able to own a piece of the entire ATM network if you are a Founder. We are also going to be turning members into ATM operators and will let you know how you can qualify to manage one of these ATM's. But the point is, these ATM's will fully support ClubCoin transactions creating a physical buy/sell platform that no other coin supports (except Bitcoin).