UPDATE: BitClub Network turned out to be a scam. If you have been scammed by BitClub Network you can recover your coins here: https://recovermycoins.com
What is Bit Club Network?
If you are looking for complete details about the bit club network, then you are in the right place. The Bit club network is actually a group of people that include professionals from all around the world from different departments. These are actually a team of the best people in the field, whether they are entrepreneurs, markets, businessman, and software experts!
The bit club network is actually the group which is the reason for the rise of bitcoin in the society and who also tell us about the benefits of this virtual currency! Lately, this group has started its own mining operations!
Bit club network is working all around the world, and especially their business is more concentrated in Asian countries like China, Japan, Dubai and Indonesia. Other than these countries we have seen that the bit club network has extended their mining business in Europe, Canada, South America and Australia. These are some of the most important business hubs of the nit club network, so if you are a resident of these countries, then you might get an edge in investing with them.
About the Bit Club Mining Pool!
This mining pool that we are talking about was first just established for the members of the Bit club network. In late 2014 when the network was at its peak and was growing all around the world steadily, and its growth was seen to be increasing the network started this mining pool.
The hashing power at the end of that year was less than 1%, so the club decided to keep the pool to themselves but after a few months, the growth increased and crossed the hashing power from 1%. This was a time when the network decided that they should open the pool for opportunities for new investors and minors so that their business grows more and more. Initially, the network planned to increase this growth to around ten per cent.
There are many benefits of investing in the mining pool, even if you are new to this business. The network actually offers a chance to get direct mining powers which will help you get continuous growth, they also help new members in making a good profit, and they will guide them about the basics of mining.
Some major benefits are listed below!
The network doesn’t charge you mining fee.
You can directly get payments in your debit card or virtual bank account!
They give you access to the STRATUM software; this is the pool mining software!
They provide great deals for new minors and also have prizes over investments and growth rate!
You must be thinking that how can they operate without charging a single penny for mining and by providing all of these benefits absolutely for free but don’t worry the company is supported by hundreds and hundreds of thousands of members who show their participation as affiliates and sponsors in the Network itself!
This model of business that is introduced by the Network allows many potential investors around the world to join and purchase their own mining hardware and share the profits with other members involved. Every person who wished to become a member of the network must contribute a portion of their profits to the mining operations for a total of three years. The pool in this way can grow larger and larger, which means greater profit in future.
Mining as a Business Opportunity!
Talking about mining as a business opportunity, you must understand that as the business is expanding day by day and the pool getting larger today you cannot invest individually and handle the complexities of the mining so the network recommends you that you invest in the form of groups and as a result you can band together as your own pool and can gather more investors.
The bit club network is at the moment working and is looking after the operations of two major mines. The first mine is located in Iceland, and the other one is not disclosed by the company to date! So if you think that how can you trust them with your investment then you must look for the requirements of visitations and if you are able to fulfil them, then they can allow you to visit their plant in Iceland!
If you are planning on investing in bitcoin, then you must know what actually you are investing in through this virtual currency!
The mining hardware is commonly known as computer systems and other software.
PetaHash
Hosting third party services.
Cloud mining
How much does it cost to join the network?
If you have decided to join the network, then the first question that comes to mind is how much does it cost to join the bit club network. The answer is that it costs you around $599 to $2000.
This initial investment will be divided into two portions, and one will be invested in the pools, and the second will be invested in the upgrade and maintenance of equipment being used!
Different Pools of Bit Club Network in which you can invest!
For those of you who are not familiar with the complexities and in-depth details of bit club network, you guys should know that the bit club network has five mining pools in total. Now they are divided in their work, the first three mining pools are responsible for the mining of bitcoins and the other two pools also known as the GPU mining pools are responsible for the mining of other crypto and virtual currencies, examples of these two are Ethereum, Ethereum Classic, Zcash and then there is Monero.
The GPU pools are responsible for mining mainly in the above-mentioned currencies. Now what happens is that when you purchase a share in the network, the network offers you a deal that you invest in a contract that promises to mine of bitcoins along with the three initial pools for 1000 days or three years or mining of the other cryptocurrencies for six years with the GPU pools.
Now talking about shares, for each share or as many shares you purchase, you get a daily amount a pay-out in the form of an incentive for whatever the mining is being done for. You don’t have to worry about purchasing shares you can buy as many shares as you want there is no restriction on it, you just have to invest carefully in mining and deciding the pool for you!
The incentives on the daily mining are paid directly to you in your virtual wallet or your debit account. These incentives also generate goodwill and an increased percentage for yours repurchase if you plan on investing and increasing your shares. You can also pay your bills and cooling expenses with these commissions!
Do I have to gather a team to buy a pool?
If you think that you need a team to purchase a mining pool, then you are totally confused. Actually, as the mining business is expanding day by day so the network appreciates and urges people to work and invest in the group so that they can easily be a part of the pool they wish to get into, if you are not a team person and like to work alone and have a big investment, then don’t worry as you can simply buy your own pool as an individual investor. You can also build a team later on in your journey of mining if you need to but just for your clarity bit club network caters both the investor and the team builder.
Is network marketing important?
Now most of us think that network marketing is important while working in a pool with team members but if you are not a person who loves team building or to work with other people, then you can simply buy a share or as many shares as you want in a certain pool and you can just sit back and relax seeing your money growing and getting more and more mature over the three or six-year time period.
The bit club network does not guarantee, and they have said that they will never guarantee a return on investment more than 5%. The expected growth of your shares per month in first degree pools is around 3 to 4%. It can increase and go up, and it totally depends on the profitability and market condition of the mining. It can simply get higher in some months, and it can also get lower in a few months; there is no fixed percentage of growth and return.
It has been seen that after the completion of the contract of a thousand days in the case of bitcoin mining, the share is seen to be doubled and sometimes tripled depending upon the market conditions. This results in doubling your investment in the pool and an increase in bitcoin worth. You can either invest them again in the pool or can sell out your share and retrieve your investment. Making a purchase of mining shares after completion of the contract is said to be the best decision.
How to make big money with Bit club?
If you want to make more profit with the bit club, then don’t worry there is a simple compensation by the club in this regard! You can build your own team, and the compensation plan by the Club will ensure that all of your team is paid with equal amounts of commissions to the business their bringing in the pool. Each time your team will earn a share, you will also get an accumulated percentage of that amount, and this will also increase your goodwill and your structure in the pool.
If you upgrade from a free member to a paid member, then the club will give you a position in the binary tree structure which shows the level of an individual in the mining business. This position can only be earned with the purchase of a minimum of one share! Moreover, you get credits with your upgrade!
