What is Bitclub Network?
Bitclub Network is one of the Top 10 Bitcoin mining pool in the world. It started its operation in August 2014 and grew to about 500 members within few days. As at August 2018, its members are more than 30,000. Bitclub Network offers investors who will like to mine bitcoin an opportunity by helping them purchase the hardware and carry out the mining operation for them on any selected cryptocurrency of their choice.
Bitclub Network also offers its members incentive/referral Bonus when they recruit more members to the network.
What is a mining pool?
Bitcoin mining has become so difficult that individual miners might not break even let alone make a profit from mining. Hence, they join a mining pool. i.e they come together to contribute their mining power to collectively mine more efficiently and share the profit generated according to the mining power contributed by each individual.
What is required to become a member?
Registration on Bitclub network is by referral only. In other words, you can only join this network using someone’s referral link. Once you have signed up by providing your name, email address, username and password, you will be required to upgrade with a one time fee of $99. This is what makes you a member. It is only after this that you can then buy a mining plan or use your affiliate link to start earning.
How to Make Money on Bitclub Network (Compensation Plans)
There 4 ways to earn money on the Bitclub network
- Bitcoin mining Pool
- GPU mining pool
- Referral Program
- ClubCoin
Bitcoin mining pool.
The bitcoin mining pool pays for a total of 1,000days. However, you have to wait for 30days from the day of purchase for your mining hardware to be set up before you could start earning. Also, you can decide to repurchase any of the pools by setting a percentage of your daily earning for shared repurchase.
There are 4 Plans available for purchase in the bitcoin mining pool.
- Bitcoin Mining Pool 1: This pool cost $500 in Bitcoins to Purchase. You will be Paid %50 of bitcoins generated by your hardware in this pool while the remaining 50% takes care of expenses and purchase of additional shared hardware
- Bitcoin mining Pool 2: This cost $1,000 in bitcoin to purchase. It pays 60% of what is mined while 40% is used for expenses and purchase of additional Share.
- Bitcoin mining Pool 3. This cost $2,000 per share in Bitcoins. It pays 70% of whatever the generated income is (bitcoin) while the other 30% services expenses and purchase of additional shared hardware.
In Summary:-In Summary:-
BCN now allows users choose to take 100% or set their own repurchasing percentage.
GPU Mining
GPU mining is mining of other cryptocurrencies other than bitcoins like Ethereum, Litecoin, Dash coins etc. There are two Pools to Purchase from in the GPU mining pool. There is that of $1,000 and that of $5,000 worth of Bitcoins. The GPU shares pay daily for 2,000 days however you will have to wait 30 days from buy date for your order to be executed. There is no option of partial repurchase in this pool. However, just like the bitcoin mining pools, you can purchase as many shares as you want.
Bitclub Network Referral Program.
The referral program is quite sophisticated. However, it is the most profitable package. There are 3 income streams on the referral program.
You can begin enrolling new members once you are activated and everyone you introduce to BitClub Network will either be placed on your LEFT TEAM or RIGHT TEAM.
To qualify all you need to do is place one personally sponsored person on your left and one on your right and you are eligible for binary commissions.
No qualification needed for Level 1 and Level 2 because all members automatically begin at the rank of Miner.
For all other levels you must qualify by attaining the required rank listed in the table above.
This Level-up plan pays through infinite levels and you will earn based on what team your personally sponsored members fall into. There are 4 possible teams based strictly on how many people you enroll.
#1 Binary Team Cycle Bonus
When you sign up for $99 worth of Bitcoin you will receive a position in the binary tree structure. This position will not be activated until you purchase a minimum of 1 share in any of our mining pools.You can begin enrolling new members once you are activated and everyone you introduce to BitClub Network will either be placed on your LEFT TEAM or RIGHT TEAM.
To qualify all you need to do is place one personally sponsored person on your left and one on your right and you are eligible for binary commissions.
- For every $500 full share sold in your binary tree you will receive 3 Credits
- For every $1,000 full share sold you will receive 6 Credits
- For every $2,000 full share sold you will receive 12 Credits
- For every $5,000 GPU share you will receive 30 Credits
15 Credits Left + 15 Credits Right = 1 CYCLE 1 CYCLE = $200 (worth of Bitcoin Cash BCH)
All sales including spillover down your left and right legs will count towards your total binary volume.
How Many Cycles Per Day?
The amount of times you can cycle depends on your rank.
#2 Binary Matching Bonus
We have a 10 Level Binary Match that pays an extra $100 USD worth of Bitcoin Cash (BCH) for each $200 binary cycle for a maximum of 10 levels of your enrollment tree.No qualification needed for Level 1 and Level 2 because all members automatically begin at the rank of Miner.
For all other levels you must qualify by attaining the required rank listed in the table above.
#3 LEVEL UP BONUSES - (FULL SHARES)
This is where things start to get exciting!This Level-up plan pays through infinite levels and you will earn based on what team your personally sponsored members fall into. There are 4 possible teams based strictly on how many people you enroll.
#4 Level Up Bonuses - (Repurchase/Partial Shares)
This bonus uses the same Level up structure from the Full Share purchases in #3 above. The only difference is you will earn MORE commissions on all partial shares and re-purchases made from everyone in your Level up teams.#5 Residual Infinity Bonuses:
Bitclub Network gives leaders a strong incentive to grow and earn on all the volume they are responsible for bringing in, so this Infinity Override is another bonus that pays deep.Is Bitclub Network a scam?
The Bitclub has been around and running since 2014 so it cannot be said it’s a scam because of the following reasons.
- The bitclub network bitcoin mining pool is in the top 10 mining pool in the world and it holds about 4.6% of the total world bitcoin mining operations. The bitcoin mining pool statistics are publicly available, you can view it at blockchain.info/pool. And that of Ethereum at Etherscan.
- You can request for the Hardware you purchased and have them delivered to you.
- You can request to visit the mining farm in Iceland, however, this is only available to pro builders or higher.
- They have been in operations since 2014.
- They Pay daily…
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