[ANN] BitClub Network - Passive Bitcoin Mining Opportunity NOW LIVE!

[BlueYozakuraBTC]

Actually BitClub Network is promoting on facebook quite a bit.

From the page it appears to sign up and get started there are 3 packages:

1. $500


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.

2. $1000


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.

3. $2000

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.


Now that seems all well and good but right here is where I wonder ok what is the actual share you'll receive and for how long?

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.


This is on their website if anyone cares to look.


Ok so after looking at blockchain Hashrate distribution report. BitClubNetwork ranks at #10 on the list within the last 24-48 hrs.

If everyone on this network is sharing in the pool that means that each daily share could only bring in a certain amount per day for each and every person that paid into the network.

I'm looking at the BTC reward amount and I see (3) block rewards totally 75btc on the 12  (2) on the 11th and (1) so far on today.

How this is divided is what worries me. How many people are in the group? Even if you have 200 people total buying in @ $500 per person that's about $100,000k  at 2000 people they're bringing in over 1million.

Notice it says "shares" . I'm also worried about if they're reporting the true amount that was mined for the day.
The more people you have realistically the less you'll receive once the pot gets divided. The only way people make more is if they're spending more money like 2k and still that could give them 75% of a pot that has so many people dipping in it that they mine as well sit and collect satoshi from faucets.

75 btc a day is (@ 250 a btc) is $18,750 per day it would take 60 days at that exact rate to bring in 1million and still that has to be divided up + depending on your percentage buy in.

Now this whole system sounds like Traffic Monsoon but the buy in here is 10x higher to start. The other issue is that the share isn't much if your share is $2.50 (50%) of 1 btc being at $250 then you're earning close to $1.25 a share. Now I suppose this is set up to get you to buy more shares but with bitcoin jumping around in price you'll just never know where the value could be in 1000 days.

It would be wiser if they started the sharing at a smaller price point as they'd receive more buying in to this. Make the sharing end at every 60 days instead.

$1.25 a day at 1000 days sounds like $1125. Still there's 365 days in a year so in 3 years you may get your money back plus extra. The only problem is btc could drop in 3 years or rise. It's probably the longest gamble out there I've seen.


Honestly I really thought that with all of the money they're receiving for sign ups that they'd be a tad higher on the list of mining pools. Maybe #3 or at most #5.

I wish I had about 500-2k just to test this out and see what's really being paid out per day. Actually if I had about 2k I'd put half in traffic monsoon and the other half into this and then see which one comes out on top regarding income potential for the long haul.


Ok I watched their video again. You join for $99 and then select the specific 500/1k/2k ( 50%/60%/70%). I suppose perhaps it's not so bad when you think of it being one time. I just wish more people showed exactly what they're getting everyday and also how soon you're able to withdraw into your wallet.

[umair01]

I just found out about this and its looks amazing if it works really as is supposed to , could any off the people who use this system or who have shares , confirm and tell us how much their earning on a daily basis?

[tmfp]

I just wish more people showed exactly what they're getting everyday and also how soon you're able to withdraw into your wallet.

Have you seen this thread?

https://bitcointalk.org/index.php?topic=1128258.0

Why do you think they have launched a PoS coin?

[BlueYozakuraBTC]

Ugg why do they need to throw a fake coin that no one cares about into the mix? This seemed interesting but after seeing those piddly sums "shares" it seems like total bs. Why would someone mine coin that has no value? Ohh you can use it within the network! Ha is someone selling homes for some unknown coin? That's a total bait and switch move for anyone that sunk their money into this.

It reminds me of bitgold scam. Payouts were delayed and "ooh look we have the new card" and that was a red flag. Same with this. The moment money starts getting tight they switch tunes and start pushing a card or atm shit. ATM and card for what? If you have a wallet you can take that btc out whenever and put that into bitx or zapo card( not in the U.S.)

Shitty.


There's one guy that is promoting all around my facebook one coin , this bitclubnetwork coin and some other "MLM coin". The bitclubnetwork sounded smart because supposedly they mined btc but also litecoin and doge but they decided to bring in some unknown shit? Fail.

[cryptodevil]

To those calling BitClub Network a scam, what do you have to say
about the BitClub pool PROVABLY mining 3 blocks in one day?



I think this should silence the critics and prove once and for all
that BitClub does in fact own 1% of all bitcoin mining power.

Or owns a handful of miners they can video and then rents a load of hash-power to produce enough blocks to support their claims while actually running the usual referral-scheme-based fractional-mining/ponzi.

Yeah, given all the red flags and warning signs your scheme is spitting out by the shed-load, I'm going with my theory over your claim.

[BitClubNetwork]

Or owns a handful of miners they can video and then rents a load of hash-power to produce enough blocks to support their claims while actually running the usual referral-scheme-based fractional-mining/ponzi.

Yeah, given all the red flags and warning signs your scheme is spitting out by the shed-load, I'm going with my theory over your claim.

How much money do you think one would have to spend to rent enough
hash power to mine 20 blocks in 10 days??    These arguments hold no weight.

Documentation beats conversation...

https://i.imgur.com/vrpu04T.png

[tmfp]

Or owns a handful of miners they can video and then rents a load of hash-power to produce enough blocks to support their claims while actually running the usual referral-scheme-based fractional-mining/ponzi.

Yeah, given all the red flags and warning signs your scheme is spitting out by the shed-load, I'm going with my theory over your claim.

How much money do you think one would have to spend to rent enough
hash power to mine 20 blocks in 10 days??    These arguments hold no weight.

Documentation beats conversation...

I think you have plenty of money, other people's, and are prepared to spend it to establish a bona fide looking cover for the MLM scam which you are running.
Way back last year, the seed money was pouring in from MLM/Ponzi early birds, eager to get in on the ground level of a huge, professionally run scam like this.

http://patrickpretty.com/2014/11/18/bitclub-network-now-wants-500-new-suckers-participants-exhorted-to-be-patient-because-purported-mining-community-venture-is-like-building-a-home-made-space-ship-to-explore-outer-space/

500 x $3,599....that's nearly $2 million just there, plenty enough to buy the 2+ P/hs that you claim somewhere in your sales blurb and mine over 20BTC a day, anyone with the finance could do it. So what?
The thing is, you will just keep selling and selling and selling shares in this, like some sort of Mel Brooks musical, for the real reason for setting it up: a cover for a huge MLM scam. New 'investor' money will just migrate straight to the top of the pyramid as it's supposed to in schemes like this, and then the marks will sit patiently for the next three years, hoping to get their money back.
When even the dust payments you are making (0.002 BTC per day on $500) towards your 1000 day roi get too much for you, the lucky 'investors' will just get given some useless shitcoin and the scam will be complete.

The way you keep insisting, "We are mining so we must be legit" reminds me of another cloudmining scam, Cloudmining.website.
Their mantra is similar, "Look, we've paid out for the last few months, we must be legit" and then they show a meaningless graphic to prove it.
Just like you and your pie chart.

TL:DR
Your "documentation" proves nothing about the likelihood of your 'investors' getting paid.
Your millon dollars worth of seed money for a mining front was well spent from a scamming point of view, especially if it helps your networking parasites drag in suckers in the numbers that your previous schemes have.

[BombaUcigasa]

How much money do you think one would have to spend to rent enough hash power to mine 20 blocks in 10 days??

https://bitcoinwisdom.com/bitcoin/difficulty

50 BTC/day = 5.4 PH/s

https://www.betarigs.com/
https://www.nicehash.com/

5% comission on rented miners x 10 days = 25 BTC burned = 6600 USD

So anyone can burn 6600 USD to prove 5.4 PH/s for 10 days. Is it profitable for me to do that? Probably not. Is it profitable for you to do that? I don't know.

[Tigggger]

I was sad to see that the convicted indian rapist is no longer providing a testimonial for your site.

One can only assume that the authorities have removed the computer from his prison cell, maybe it was part of that porn clampdown that was recently reported in the news.

It's also curious how he has managed to be locked up since 2013 and yet be in brazil a few months ago to leave you a glowing recommendation.

EDIT
It appears mr diaz has changed his recommendation (must have got the pc back) and now speaks english and is disabled probably because he got the shit kicked out of him in prison. At least he still has a passive income to upgrade the pc in his cell

Thank you, Thank you, THANK YOU!!! BitClub has been a lifesaver for me. I am disabled and can't work anymore so I really need passive income and BitClub has delivered for me

[ranlo]

I was sad to see that the convicted indian rapist is no longer providing a testimonial for your site.

One can only assume that the authorities have removed the computer from his prison cell, maybe it was part of that porn clampdown that was recently reported in the news.

It's also curious how he has managed to be locked up since 2013 and yet be in brazil a few months ago to leave you a glowing recommendation.

EDIT
It appears mr diaz has changed his recommendation (must have got the pc back) and now speaks english and is disabled probably because he got the shit kicked out of him in prison. At least he still has a passive income to upgrade the pc in his cell

Thank you, Thank you, THANK YOU!!! BitClub has been a lifesaver for me. I am disabled and can't work anymore so I really need passive income and BitClub has delivered for me

lol, I can't even put into words how much joy this post brought to me. I'd love if BCN would give a response as to your findings.

[Tigggger]

lol, I can't even put into words how much joy this post brought to me. I'd love if BCN would give a response as to your findings.

Thanks, I can take credit for the humour but 'tmfp' is the one who dug up all the dirt on these scammers

https://bitcointalk.org/index.php?topic=1152263.0

[ranlo]

lol, I can't even put into words how much joy this post brought to me. I'd love if BCN would give a response as to your findings.

Thanks, I can take credit for the humour but 'tmfp' is the one who dug up all the dirt on these scammers

https://bitcointalk.org/index.php?topic=1152263.0

Thanks for the link! Looks to me like all the information there is pretty solid. It's depressing to see yet another site fly into the darkness.

Though I do want to say testimonials aren't necessarily "true." Most businesses use fake ones, with random images. In fact, even some high-profile sites have been sued in the past for using people's images without their permission or knowledge.

That said, I'm looking forward to seeing what happens here.

[tmfp]

Most businesses use fake ones, with random images.

I'd need a source on that, it's actually illegal, even in the Home of the Free. The Federal Trade Commission says 'it is illegal to use testimonials that "...mislead consumers and affect consumers' behavior or decisions about the product or service." '

https://www.ftc.gov/sites/default/files/attachments/press-releases/ftc-publishes-final-guides-governing-endorsements-testimonials/091005revisedendorsementguides.pdf

You also miss the point I made: what is the likelihood of randomly choosing a picture of a convicted rapist, the only picture of that person ever on the Net, and using it to promote your business? I said on the other thread that I'd had experience with the type of people that infest the MLM industry, they are contemptuous, in the extreme, of the marks that buy into their bullshit and give them money.
It's entirely within character for one of these fuckheads to have used this image deliberately as a little 'joke'.

Meanwhile, the shills have been stirred into action by my interest (the Jeffrey Babener they refer to is the MLM mafia's lawyer).

 http://behindmlm.com/companies/bitclub-network-review-zeek-ponzi-veterans-at-it-again/#comment-345031

One thing I do find interesting is that BCN seem be going after our man EndtheFed321 https://bitcointalk.org/index.php?action=profile;u=79176 , accusing him of stealing from them, something he naturally denies.

https://bitclubnetwork.com/fraud/1/lerdbaron.html

What makes this move interesting is that, unless the blackmail works, then it would mean that BCN would start having to bring some real life people with names in to the public arena should they carry through with their legal threat.
That would surely be counterproductive for an organisation which seems to be in breach of just about every SEC regulation and only exists because of its annonymity.

[5dollarbill]

what did you guys do to the Bitcoin ATM you bought from Bitcoin Já in Lisbon? What are your plans for it, huh? think you should come to the Portuguese subforum and speak a lil bit about it

[ranlo]

Most businesses use fake ones, with random images.

I'd need a source on that, it's actually illegal, even in the Home of the Free. The Federal Trade Commission says 'it is illegal to use testimonials that "...mislead consumers and affect consumers' behavior or decisions about the product or service." '

https://www.ftc.gov/sites/default/files/attachments/press-releases/ftc-publishes-final-guides-governing-endorsements-testimonials/091005revisedendorsementguides.pdf

You also miss the point I made: what is the likelihood of randomly choosing a picture of a convicted rapist, the only picture of that person ever on the Net, and using it to promote your business? I said on the other thread that I'd had experience with the type of people that infest the MLM industry, they are contemptuous, in the extreme, of the marks that buy into their bullshit and give them money.
It's entirely within character for one of these fuckheads to have used this image deliberately as a little 'joke'.

Meanwhile, the shills have been stirred into action by my interest (the Jeffrey Babener they refer to is the MLM mafia's lawyer).

 http://behindmlm.com/companies/bitclub-network-review-zeek-ponzi-veterans-at-it-again/#comment-345031

One thing I do find interesting is that BCN seem be going after our man EndtheFed321 https://bitcointalk.org/index.php?action=profile;u=79176 , accusing him of stealing from them, something he naturally denies.

https://bitclubnetwork.com/fraud/1/lerdbaron.html

What makes this move interesting is that, unless the blackmail works, then it would mean that BCN would start having to bring some real life people with names in to the public arena should they carry through with their legal threat.
That would surely be counterproductive for an organisation which seems to be in breach of just about every SEC regulation and only exists because of its annonymity.

Eh, if you look at newer sites and look at their testimonials/images, you'll often find them elsewhere or see that the names they're using don't match up. They will usually move towards more legitimate reviews once they come in, but before that... most people don't want to put their friends/family in the personalized spotlight.

Dating sites are also notorious for using random images in their advertisements.

[RGBKey]

If this isn't a scam then I don't know what is. OP is new...check. OP has neg trust...check. Seems way too good to be true...check.

[Peanland]

Hello! Is the project live?