Hello guy here is what i am able to gather from this bitclub network website
Who Owns BitClub Network?
BitClub Network is not owned in a traditional structure, it’s 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!
Where is BitClub Network located?
Everywhere,BitClub operates from all over the world, and this structure is intentional so there is no single point of failure or compliance issue that will hold us back or get us shut down. We have multiple mining locations across Europe and a brand new facility in Iceland (that you can take a tour of). Our main hosting servers and mining pool servers are located in the Netherlands with redundancies in Hong Kong and Switzerland. Our programmers work remotely, our support staff works from their homes and we do not have a need for a physical location. How cool is that! We can fully operate this company virtually and thanks to BlockChain technology and other decentralized and distributed networks we also don’t need a traditional corporate structure. This limits our overhead and allows us to pass these profits to our members.
Can BitClub Network Verify Mining?
YES! We have a public mining pool where you can track our hashing power in real time – www.BitClubPool.com
As our membership base grows bigger, so does our mining pool and you will see more hashing power being added to our pool website, which you can track in real time. Having more hashing power allows us to hit more blocks on a daily/weekly basis. You can also verify our pool with the following third party resources.
Is BitClub a Ponzi Scheme?
NO! A ponzi scheme has no product, it’s just a money game set up to pay people with other people’s money and eventually it will crash and burn because there is no real money being earned from any outside sources. BitClub Network has a REAL opportunity for anyone to purchase mining equipment and earn profits from what is being mined. We strive to be very transparent about our mining and you are able to track everything on theblockchain and see our Mining pool running live. This is what we love most about Bitcoin… You can’t trick or fake it, everything is recorded in a public ledger for everyone to see.
Does BitClub Network Guarantee a Return on Investment (ROI)?
NO! Very important to understand that we DO NOT guarantee a mining share will have a set return. In fact, you will never hear us make any claims about how much you will earn from having a share in our mining pool because the truth is we don’t know. Bitcoin mining is very complex and with the difficulty level constantly moving up every 10 days and new hashing power always entering the space there is no way anyone can predict accurately an ROI. Especially with our business model that requires re-purchases or more simply daily maintenance fees.
NOTE: If you find a company offering you a set return (especially if they claim to be Cloud Mining and offer 100% or more) there is a high probability they are a Ponzi scheme. Some Cloud Miners are actually backed by real hardware but their power is virtual and therefore very hard to track. In fact, the sad reality is you will never know if a could mining company is actually mining, so we recommend you steer clear unless they are very transparent. We are NOT a Cloud Mining company, everything we have can be verified!
How does we work?
BitClub Network is helping to educate, provide services for, and ultimately profit from the crypto currency market.
Our goal is to provide many opportunities for our members to take part in. One of the main ways to earn Bitcoin is through our mining pools.
It works like this… You purchase a share in any of our mining pools and all Bitcoin mined from each pool is paid to you daily and shared with all members who are eligible for the pool. You can purchase shares for either $500, $1,000, or $2,000 worth of Bitcoin
Any purchase is used to buy actual mining equipment that you will own. The mining equipment models are always changing and the amount of hashing power that you get can vary greatly from order to order.
You have a choice to take possession of any machines you purchase, or you can allow BitClub Network to run them for you in our pool. Most people chose to run them through our pool because it’s cheaper, more efficient and more profitable, but if you are a miner and would like to receive the hardware we are happy to ship it to you.
With your purchase you will receive Bitcoin for a total of 1,000days! A percentage of all Bitcoin mined will be used to pay for mining costs and to purchase new mining equipment. This percentage depends on the pool buy into and is the key factor in our mining operation.
Bitclub mining pool explained
Mining Pool #1 — — Each share cost $500 USD that will be used to purchase new Bitcoin mining servers. 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.
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 the other 40% being used to fund the mining operation and to purchase additional mining 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 the other 30% being used to fund the mining operation and to purchase additional mining 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 total 50% of it would be paid directly to member as profit (.005 BTC) and the other 50% (.005 BTC) would be used to fund the mining operation costs and to purchase additional shares (which are used to buy more equipment)
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 1,000days. The reason we set this to 1,000 days is due to to the constant increase in calculations and computing power required as it gets harder and harder to mine Bitcoin. Therefore, we have identified this 1,000 day window as an ideal time frame based on how the market is today and this maybe subject to change on future partial shares repurchases. (this is subject to change based on market conditions)
How to Join BitClub Network?
In order to join BitClub Network you must get Bitcoin to pay with! We do not accept anything other than Bitcoin so depending on the country you live in you must convert your currency into Bitcoin and then use the Bitcoin to sign up for BitClub Network. We price everything in USD so that we have a standard price for our products (but we do not accept USD or any other fiat currency).
To sign up you will need pay a one time $99 USD membership fee that will give you lifetime access to our platform and allow you to participate in our mining pool shares and any other opportunity we provide in the future. You must pay this first to activate your account before purchasing any other products.
FULL MEMBERSHIP INCLUDES…
- BitClub Digital Wallet to store and transfer Bitcoin
- Training and education about Bitcoin mining
- Full access to our exclusive Bitcoin Mining pools
- ClubCoin Opportunity – Get Free ClubCoin (CLUB)
- Earn commissions through our referral program
- And Much More as we continue to build up this membership
How Are Mining Earnings Paid?
We pay mining earnings everyday! However, because of the variance described above we pay out earnings based on the average of the previous 10 days and then adjust it accordingly for the next 10 days. When you first purchase a share of any pool you will not start earning bitcoin for 10 days. This is how we stabilize the payout and it also allows us a nice 10 day window to purchase and install new equipment. After these initial 10 days you begin earning bitcoin daily for 1,000 days.
Maintenance Fees & Repurchases: Each day you will earn a percentage of bitcoin mined that will be instantly available for you to withdrawal, you also see another percentage automatically held to cover electricity, maintenance, hosting, and for purchasing new mining equipment. There is a minimum percentage for each pool and these holdover amounts are redeemed in the form of additional shares when they reach a set threshold. Each pool will automatically re-purchase a partial share when it reaches 2.5% of the total share cost of that pool. You will see your total shares increase for 1,000 days as you pay back a percentage every few days
What is BitClub Network’s Refund Policy?
We have a very strict refund policy due to the speed at which our compensation structure and mining pool earnings are paid out. In most cases you cannot get a refund for any reason unless there is a clear mistake or very good reason for it. Also, this refund request must happen within the first 72 hours of payment or before 3 full pay cycles are paid out. If a refund request is made after this time we will not honor it, however we do offer another option.
Buyout Option: If you would like to buy out of your mining pool you have an option to do so at anytime during the first full year of your membership. This is NOT a refund, rather this you requesting to take possession of the mining equipment that you have purchased with your share of the pool. In this case you will automatically forfeit all future mining pool earnings in all pools, including earning any commissions from the compensation structure. With this buy out option you will be shipped the sum of all your hashing power at the time you request the buyout. You will take full possession of these miners and will still be eligible for any remaining warranty on the machines. When exercising this option, its final! You will own the mining equipment and be fully responsible for it. If you are interested please open a support ticket and request a valuation of your account. You will be responsible for all shipping and handling charges