*Question: How Does Bitclub Network Makes Money?*
*Answer Below*
*Answer Below*
Firstly Cryptocurrency is a digital asset that you can buy and sell. However, it is very expensive for you as an individual to buy these assets as a result Mr Russ the founder of Bitclub network came up with an idea on how he could help individuals like you and me to participate in owning bitcoins.
Mr Russ formed this club so that the power of masses when they put their resources together to buy mining equipment not bulldozers but computers that are designed to operate on block chain technology. So these computers are are used to verify transactions on the blockchain an electronic digital ledger. On this platform information comes in form of a block. Now bitclub network is not the only mining company on the blockchain. There are several other companies that are competing to verify these transactions on the blockchain. Which ever company that solves a mathematical puzzle first files that block of information and the other competing companies have to verify that the information in the block is true and authentic. Therefore, the company is paid 12.5 bitcoins for being the first company to verify that transaction. Now imagine you request that you will do it on your own using one computer. Can you be able to compete with companies that have thousands of computers? That is why when you join Bitclub network and pay membership and buy a pool of your choice the company buys you a computer that is added the already existing pool of computers so that you add to the mining power of the club. So the process of verifying transactions by these pool of computers is what is called mining. And the reward for mining transactions is paid in form of bitcoins. These are the bitcoins that are shared daily as dividends. The more mining power that we have as a club the more likely that we can mine more blocks of information on the blockchain. The vision of the club is to become the number one mining company on the blockchain. How are we going to achieve that goal. By insuring that you and me put our resources together to buy more mining equipment. I hope I have answered your questions. However, if you are not satisfied with the answer we will still go to greater length to explain so that you can get the concept. Together you and me forms a formidable force to fight poverty through networking and collaboration.
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