We can prove that we are mining BitCoins on a daily basis and that we are a legitimate stable business that will be here in years to come. People are tired of all the fly by night nonsense that disappears overnight. BitClub Network is growing constantly and can help you to establish an income that others only dream about. This is REAL ! This is the ONLY genuine mining operation that lets us the network share in daily growth of the operation. This invitation is not the place to give all the facts as it is rather intended for you to spend time with us to see why our club is so unique and special. Join us and find out for yourself ?
Bitclub Network is NOT a ponzi scheme
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 the blockchain 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.
It’s 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 BitClub Mining Pool Work?
If you are not familiar with bitcoin mining here is a very basic overview… As it is since july 2016, Every 10 minutes a new block of 12.5 Bitcoin is found by someone in the network who is hashing. In order to find a block you must attempt to solve a simple math problem using a cryptographic hashing function. To see an example of this go to our Pool Website and under Pool Stats you will see a column showing Total Shares in the Round. This is showing how many times we have attempted to solve the math problem since the last Block that we solved.
You will also see the column right above showing Current Block Difficulty. This difficulty is the entire network difficulty which is basically showing how many times on average it would take to guess the correct answer and be awarded the block of 12.5 Bitcoin. The more hashing power you have the higher the probability is to guess the correct answer and solve the problem. When the total shares in the round are equal to the difficulty it means a block should hit (in theory).
But there is also luck involved and this can be tracked by how many times it actually takes before the block is found. So if you look in the table on this same page at the bottom you will see a list of each block that has been found by our pool (stats are from pool re-launch July 12th, 2016). You will see under the column labeled Diff how many actual hashes our machines performed before guessing the answer and hitting a block.
Sometimes we get lucky and sometimes we get unlucky and go way over 100% difficulty before a block is found. This will constantly vary because of many factors but it also averages out over the long term and the more hashing power our pool has, the smaller the variance will be between blocks. You can now track everything on our page in real time!
Bitclub pay Mining Earnings EVERY DAY
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 1000 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 0.5% of the total share cost of that pool. You will see your total shares increase for 1000 days as you pay back a percentage every few days.
One of the most Powerful Mining Pool in the World
BitClub Pool is unlike any other mining pool in the world. We are able to run this pool 100% FREE to all miners while offering top notch 24/7 support and uptime that you wont find with any other pools.
The reason we are able to operate a zero fee pool AND offer special incentives to miners is because our business model is backed by thousands of members who are participating in the BitClub Network global opportunity.
With this unique business model each BitClub Network member can purchase mining hardware and share in the total profits of all Bitcoin being mined. These members must use a portion of their mining earnings to purchase additional mining power for a total of 1000 days.
This means our mining pool will continue to grow daily from these members alone and if we can attract more miners to point their hashing power then our pool will stabilize and become very profitable. This model only works because we pay affiliate commissions to all members of BitClub Network who are referring other members and we are not concerned at all with this pool making any money, we would rather share in 100% of the profits and have the pool itself be non profit.
Bitclub Mining Verification
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:
View BitClub Pool on the BlockChain : https://blockchain.info/pools
BlockTrail keeps more detailed records : https://www.blocktrail.com/BTC/pool/bitclubnetwork
create free account here http://bitclub.bz/sarifuddin
