BitClub Network review (real mining Bitcoin) since 2014

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BitClub Network review 2017 — the most extensive, fresh and honest one

I’ve been in a cryptocurrency space for quite a while now. Despite of the fact that I did a major mistake back then in 2010 I still remain my positive attitude towards this revolutionary technology.

When I joined BitClub Network in December 2015 I was pretty confident that I made the right choice. To be honest, I was skeptical a little bit even after I invested the money and started to see the real results from mining operations. I guess it is a normal thing when you have something new in your life. Now I am more than confident that I hit the right direction.

Before I will tell you all you need and want to know about BitClub I would like to say that there are 2 main reasons of why I’m writing this to you.

Reason #1

I want to give you a clear picture of what this company is all about and try to address as much as possible that is related to this company.

Reason #2

There is no genuine, full and honest review of a person that actually is a part of BitClub, have experienced a lot and have done his research.

Part 1 —how it works?

For starters, let’s define what BitClub Network is, right?

BitClub Network — is the largest crowdfunded Bitcoin mining pool in the world.

For those who do not understand the concept of crowdfunding, it is a way of collecting a capital (money) by a large number of people.

How this crowdfunded concept works in BitClub?

1. First you need to become a member of BitClub Network (one lifetime payment of $99).
2. Then you are able to buy a share from 3 mining pools ($500, $1000, $2000 respectively) that will last for 1000 days. By doing this you are investing in the real equipment that is going to mine Bitcoins for you (we’ll talk about specifics later on).
3. Next, wait 10 days so that the equipment will be bought and set up in Iceland (the main mining datacenter of BitClub). This is mandatory, you cannot change this. But come on, you can do it.
4. When 10 days pass by, you will start to receive daily commissions from your mining operations in Bitcoin, which depending on which pool you invested in will differ (50%, 60% or 70%). Another percentage of all Bitcoin mined will be used to pay for mining costs, purchase new mining equipment and buy partial shares to mine even more Bitcoin for you.

For instance for Pool #1 each share cost $500 USD that will be used to purchase new Bitcoin mining machines. All Bitcoin earned will be split among all members of this pool and paid out daily. Each share earns 50% profit with the other 50% being used to fund the mining operation costs and to purchase additional mining shares.

On average, depending on which pool you’ve invested, you’ll earn from 3% to 10% a month. If you think about it, it’s 36%-60% a year on your returns. Name at least one bank that is going to be pay you such amount.

Part 2–third party validation

By knowing that people don’t usually trust each other, or especially somebody unknown, I decided to show the proof that BitClub is real and not a ponzi scheme or whatever you might think of it.

There are multiple places you can check:

1. blockchain.info

You can find us in the top 10 pools. The position changes from time to time because the amount of blocks that we hit differs every day. As we keep growing, expanding and buying the latest equipment, we are keeping top positions for a long period of time.

 

2. BitClub Network’s public Bitcoin wallet

This is the most beautiful thing about Bitcoin — it is transparent. There is no better proof that this one. You can observe how much we’ve mined so far, and how much money was distributed to our members (on the moment of editing this post we’ve mined 35,924.55 Bitcoins which is equivalent of $ 26,189,001 for the current rate of Bitcoin of $732).

3. BitClub pool

You can watch all the blocks that we’ve mined so far on the blockchain and on our BitClub pool which is fully transparent for everybody.

 Bitclub pool — January 2017

4. Sponsors of Bitcoin conference in Seoul 2015

 

5. Exhibitors of Inside Fintech Conference (Seoul December 8–9, 2016).

6. My own earnings

I invested in pool #1 ($500). On average I’m earning about 5% per month, again depending on the pool you’ve started with you might earn from 3% to 10% a month.

Here’s my stats:

So basically I mined 0.55045 Bitcoin in 385 days, which for the current price ($1023/BTC) is $563.

0.27009 Bitcoin was paid for me which is about $276 or 55.2% from my initial investment in 1 year. Plus I still have 615 days for my full share and a bunch of partial shares that will mine Bitcoins for years and years.

There is one thing that you should understand. Right now the price of Bitcoin is around $1023. However lots of experts and investors tells that it has a potential to go up to $10,000 or even more in a couple of years, which makes it the best asset in history.

6. Feedback and commissions screens of our members.

I forgot to tell, BitClub is set up as a network marketing opportunity, which means that you also can get paid by sharing about Bitcoin and our company. Our main goal is to educate people about Bitcoin, so that it can be used by more and more customers.

However, it’s not obligatory to refer people to earn money here. That what people usually misunderstand and believe that it is a pyramid or whatever. It’s not. Even if nobody else joins BitClub, we still will earn our profits, with or without new members.

 

• Bitclub’s representative Joby Weeks on Blockchain summit 2016

For me it is the most vivid proof that those guys are really great. I’m not sure that Sir Richard Branson will ever going to hangout with somebody who is not trustworthy.

• A dinner with Roger Ver (aka Bitcoin Jesus), Yoshi Goto (the founder of Antpool), Russ Medlin (the founder of Bitclub).

Yoshi Goto is responsible for Bitcoin mining operations in Bitclub, he is very involved in this process.

Rojer Ver wants to help to expand and accelerate Bitclub’s mining and sees the bright picture of our company. Previously he wasn’t a fun but now he is willing to do everything to prove that Bitclub is really amazing and huge company to be a part of.

Monster builders at Iceland Datacenter.

 

Besides, lots of people ask a question — who owns BitClub or who are the founders?

Here’s a deal, because our network is crowdfunded one, we have a different type of structure. BitClub is run by a group of programmers, bitcoin mining experts, and investors who have come together with Network Marketing leaders to offer a simple referral based mining pool. You could say we have created a decentralized corporate structure that has no single point of failure. Everyone knows their role and we really do have an incredible team assembled here.

However, we prefer to let the technology and our business model do all the talking and we like think EVERYONE who owns a share of our pools owns a piece of BitClub Network too.

The most active representatives of BitClub for my knowledge are:

1. Russ Medlin (founder)
2. Joby Weeks
3. Ryan Conley

P.S. Unfortunately US citizens cannot register in BitClub since April 30th, 2016.

However if you’re really interested, I can help you with that.

Part 3 — technical side of things

Now, let’s talk about location, equipment and some other aspects of mining stuff.

1. Location

Our mining datacenters are located all over the world, the biggest one is in Iceland, which provides 100% clean and renewable energy by utilizing natural Hydroelectric and Geothermal technology. You can watch a promo video below.

 

2. Equipment

BitClub is established in a way, in which we always buy the latest equipment possible. How? When you’re investing your money, one of the part is going towards buying partial shares and the equipment. In this way we stay competitive in the marketplace, while the others quit.

BitClub is using Bitfury’s and Bitman’s mining equipment, which both are the best on the market. To the end of 2016 we have a plan to work exclusively on 16nm models, which are the most efficient on Earth

3. Ethereum mining

BitClub is also involved in Ethereum mining. The potential of this technology is huge, so we cannot miss such opportunity.

However all new members won’t be able to do that because we already had multiple sellouts of mining shares, the last one was in the late June.

You can observe our statistics at Etherchain or BitClub pool.

4. Revenue streams

BitClub has its own distribution channel, which allows add new revenue streams easily and smoothly.

By revenue streams I mean the ways of earning money for our members. For instance now they are already have the following:

• Bitcoin mining (started in 2014)
• Ethereum mining (started in April 2016), available for existing members only
• ZCash mining (started in November 2016), available for existing members only
• Network marketing opportunity
• Clubcoin
• Coinpay — The World’s First Smart Payment App (working, beta-testing).

This is the actual company that have been registered in Hong Kong and all of the members of BitClub are going to receive shares.

5. Coinpay

Coinpay is going to allow any businesses to start accepting Bitcoin, Clubcoin and some other cryptocurrencies as their payments. Every single member of BitClub will receive a commission of 1% from every single transaction that is going to made by this business and businesses from your team (your downline) for the rest of your life. Imagine how big it can be?

On top of that BitClub is building an advertising platform so that those businesses will be able to advertise to our members for free. The only thing that we are going to ask from business is a discount for our members who are going to pay in Clubcoin.

That will create a massive demand and can drive the price of 1 Clubcoin up to $5-$10 in one year. This is huge.

 Bitcoin/Clubcoin ATMs network (in the process)

• The most advanced Bitcoin arbitrage trading platform (in the process of setting up)

From the words of Russ, ones they set up those streams and make them up and running for several months, they will add another 4 or 5 revenue streams, which is kind of awesome.

5. Mobile app

Our team is currently developing a mobile app. It is almost ready. Here’s some teasers:

To sum up, I would like to say thanks a lot for your time because I know it is valuable. I hope you now have a big picture of what BitClub is all about. It’s not only about mining, it’s about creating a community and the Bitcoin culture itself.

I have no idea about you but I believe Bitcoin is going to hit $10,000 mark easily. It can be way over that. So let’s not spare another minute and make it a global currency together :)

Make sure you watch this video to get the full vision of what is possible with BitClub: