$100 GIVEAWAY - [3,000 TH] Bitclubpool.com Official Thread

[tmfp]

So if the consensus is that this place is a scam, how are they amassing an ever increasing percentage of the network hashrate?

A farm is easily affordable, bought or leased, and their pool stats include third parties pointing at them cos they're free of fees.
They have a large amount of money coming in thanks to their MLM foot soldiers.
They're all over the place, social media, webinars etc. hard selling BCN as a way into Bitcoin for the masses, playing the Mavrodi card that banks are corrupt, the system's finished etc. etc.
Millions of dollars are being collected and shared out between the "founders" from their downlines. A rough estimate is that MLM referral commissions take ~30% of gross revenue straight off the top, increasing exponentially as the scheme ages and new deposits decline.

The scam part is the inability to meet future dividend commitments because they've shared the deposits from investors amongst themselves in this way.
A.k.a a Ponzi.
 

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[PPOC]

Interesting that the pool luck is so good, they are getting 7-11 blocks a day with a little over 40PH. I see they are using CKpool code which we know is very good, but still avg 143% luck for last 50 blocks is pretty amazing. Has anyone tested with small hash to see if they pay? I just pointed a small rental to them to see if they are for real and payout. I'll post my results in a few days....

[joaogti36]

they pay
i'm a really small and newbie and from the time i was hashing they paied... took a few days but paied )

[Xircom]

They do not pay and do not answer support questions.
Im missing 2 BTC payout form 2 days hash tuesday to Thursday morning. I claim they stole my hash…

[owlcatz]

So is it a scam pool or not?

[joaogti36]

they only pay 1 time per week ....
not automaticaly like in other pools

[Xircom]

Where did you dig up that info, cause it dosent say on their homepage. And in mining status it dosent show confirmed rewards as well so how on earth are you abel to see you get the right payout.

[joaogti36]

you just have to wait and see!!!

[Legacy2005]

they pay
i'm a really small and newbie and from the time i was hashing they paied... took a few days but paied )

sounds like bitclubpool made an alt account and claiming to be a small miner that gets paid.



 My question is how does a small miner find this scam site vs something like antpool or slush or kano that are talked about more and more popular. if you are a true noob you look at the block chain and say oo antpool or f2p finds the most blocks ill go with them. Not o look the 7th pool down ill go with them.

[joaogti36]

here's 1 proof of payment...

https://blockchain.info/pt/tx/e200bde58d1c39f7b7e954c178ffb4e5e688cd9545eb949d6ea50f80af4e0216

[tmfp]

Where did you dig up that info, cause it dosent say on their homepage. And in mining status it dosent show confirmed rewards as well so how on earth are you abel to see you get the right payout.

I'm given to understand that payments are made manually and can be irregular, but do get made.

[joaogti36]

latest payment...


https://blockchain.info/tx/9d2b6bd77b01ac0dde96aae193e78adf9be55c891a8378a273148fd9bd1236c6

[tmfp]

latest payment...
https://blockchain.info/tx/9d2b6bd77b01ac0dde96aae193e78adf9be55c891a8378a273148fd9bd1236c6

here's 1 proof of payment...
https://blockchain.info/pt/tx/e200bde58d1c39f7b7e954c178ffb4e5e688cd9545eb949d6ea50f80af4e0216

Which of those is you, and exactly what is the payment for?

[joaogti36]

payments is from last week mining...
and i received paymentos from those 2 confirms!!!


THEY PAY

[owlcatz]

Which of those is you, and exactly what is the payment for?

payments is from last week mining...
and i received paymentos from those 2 confirms!!!


THEY PAY

You forgot to post which were yours, and what you are mining with.

[Legacy2005]

Not to mention that the hasn't identified which address was his and what he was mining with. but the payout totals seem rather funny.

Almost 30 coins 1 pay and 14 coins the next? how many blocks is this payment from.

is the 30 from 2 blocks found and 14 from 1? if so where are the other 10ish coins going.

[owlcatz]

Not to mention that the hasn't identified which address was his and what he was mining with. but the payout totals seem rather funny.

Almost 30 coins 1 pay and 14 coins the next? how many blocks is this payment from.

is the 30 from 2 blocks found and 14 from 1? if so where are the other 10ish coins going.

I traced that tx back and it finally ended here, which is like a giant reverse tumble job that ends sort of like it begins.

https://blockchain.info/pt/address/1QBJCCqHgT4nqwWn84odPWvNLf3xzQvb7y

None of those coins were mined anytime recently, at least not that I can see. Tumbled? Maybe.... Scammy still smells scammy.

[PPOC]

Interesting that the pool luck is so good, they are getting 7-11 blocks a day with a little over 40PH. I see they are using CKpool code which we know is very good, but still avg 143% luck for last 50 blocks is pretty amazing. Has anyone tested with small hash to see if they pay? I just pointed a small rental to them to see if they are for real and payout. I'll post my results in a few days....

So I did a rental test with these guys, rented 10TH and funded .1358 for this rental. started 2016-03-03 13:11:59 and ended 2016-03-07 04:58:20. I got rewarded for blocks 401009 till 401722 (28 blocks rewarded). It took 4 blocks to ramp up to a block reward of .007 on avg. When rental ended it ramped down 5 blocks. I am pretty sure I had set my price as .0032 for this rental. Anyway, I added up all my rewards for this rental and should be getting .15252479 in total.

So far I got 2 payments,
.01333018 on 2016-03-04 16:25:56
https://blockchain.info/tx/9d2b6bd77b01ac0dde96aae193e78adf9be55c891a8378a273148fd9bd1236c6
.10109333 on 2016-03-07 00:35:40
https://blockchain.info/tx/30cc6cfb040926cc82ace5ae093ac4fca6d719e4a446460412dd8f25e0e33c46

Today is 3/11 and they still owe me .03810128. I will edit this post once I get the final payment.

Also, note that during my rental time the blocks hit were mostly under 100% diff with a few exceptions and when I checked luck for last 25 blocks before my rental ended it was around 120%.

Anyway, no conclusion on my part other then they paid 2 of 3 payments, as for the "club" part of the business I can't say anything about that. This is only my mining results. But I have been mining on Kano since June 2015 and continue to do very well and would never switch, plus Kano is a pool you can trust 100%.

Payment History: Sorry on format, it was easy to cut/paste.
401722
0.00013288
401674
0.00177065
401656
0.00260650
401642
0.00321698
401636
0.00359040
401572
0.00668449
401569
0.00667551
401563
0.00667231
401540
0.00675156
401526
0.00687900
401517
0.00690425
401472
0.00747175
401445
0.00758398
401411
0.00738606
401376
0.00715287
401366
0.00707810
401347
0.00700181
401325
0.00695173
401306
0.00697945
401304
0.00697250
401238
0.00751544
401227
0.00759975
401184
0.00761664
401160
0.00690581
401083
0.00302253
401074
0.00251032
401028
0.00080407
401009
0.00008745

Rental Summary:

[notabeliever]

Yes they do pay.

They do not pay like most US pools in the way we are used to. Its difficult to view your payouts and even know what you will get. For example take Kano or slushes and you know what your earned. I have rented 5 th from nicehash and had to wait 3 days for a payout of well lets say I was surprised cause didn't know what I was getting. (.02 in 3 days)
Make sure you have the right bitcoin address in your profile and check it with the bitcoin block explorer. Frankly try Kano

PAYMENT HISTORY

Dashboard
 
Workers
 
Payout History
    BTC

0.00037592
0.00037800
0.00060858
0.00080066
0.00117660
0.00277028
etc

[PPOC]

Interesting that the pool luck is so good, they are getting 7-11 blocks a day with a little over 40PH. I see they are using CKpool code which we know is very good, but still avg 143% luck for last 50 blocks is pretty amazing. Has anyone tested with small hash to see if they pay? I just pointed a small rental to them to see if they are for real and payout. I'll post my results in a few days....

So I did a rental test with these guys, rented 10TH and funded .1358 for this rental. started 2016-03-03 13:11:59 and ended 2016-03-07 04:58:20. I got rewarded for blocks 401009 till 401722 (28 blocks rewarded). It took 4 blocks to ramp up to a block reward of .007 on avg. When rental ended it ramped down 5 blocks. I am pretty sure I had set my price as .0032 for this rental. Anyway, I added up all my rewards for this rental and should be getting .15252479 in total.

So far I got 2 payments,
.01333018 on 2016-03-04 16:25:56
https://blockchain.info/tx/9d2b6bd77b01ac0dde96aae193e78adf9be55c891a8378a273148fd9bd1236c6
.10109333 on 2016-03-07 00:35:40
https://blockchain.info/tx/30cc6cfb040926cc82ace5ae093ac4fca6d719e4a446460412dd8f25e0e33c46

Today is 3/11 and they still owe me .03810128. I will edit this post once I get the final payment.

UPDATE: They paid the final balance on
.03810128 on 2016-03-16 09:37:41
https://blockchain.info/tx/5d9bcf3a0737d2f5798ba6fbf29abf762885d8c526d386247668fd879cdddcb0

Also, note that during my rental time the blocks hit were mostly under 100% diff with a few exceptions and when I checked luck for last 25 blocks before my rental ended it was around 120%.

Anyway, no conclusion on my part other then they paid 2 of 3 payments, as for the "club" part of the business I can't say anything about that. This is only my mining results. But I have been mining on Kano since June 2015 and continue to do very well and would never switch, plus Kano is a pool you can trust 100%.

Payment History: Sorry on format, it was easy to cut/paste.
401722
0.00013288
401674
0.00177065
401656
0.00260650
401642
0.00321698
401636
0.00359040
401572
0.00668449
401569
0.00667551
401563
0.00667231
401540
0.00675156
401526
0.00687900
401517
0.00690425
401472
0.00747175
401445
0.00758398
401411
0.00738606
401376
0.00715287
401366
0.00707810
401347
0.00700181
401325
0.00695173
401306
0.00697945
401304
0.00697250
401238
0.00751544
401227
0.00759975
401184
0.00761664
401160
0.00690581
401083
0.00302253
401074
0.00251032
401028
0.00080407
401009
0.00008745

Rental Summary: