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Cryptocurrency

Power Mining Tool Review

By on October 16, 2017 in Cryptocurrency with 0 Comments

Are you looking for a review of Power Mining Tool?  If so then keep reading…

Today in my review, I’ll be sharing my honest opinion of the Power Mining Tool, giving you all the information you need to make up your own mind about this latest online opportunity.

Before I start…

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Power Mining Pool: The Review

I really do like the idea of investing into cryptocurrencies, as they have been getting huge over the years, especially Bitcoin, but I always have my suspicions when it comes to sites and methods like this one. I have received a promotional email for this opportunity recently and decided to check it out, but anything that promises you guaranteed money through the use of cryptocurrency is something you should take with a pinch of salt.

Read on to find out why…

First of all, this thing could be potentially legit and I`m not going to tell you right away that this is a huge scam meant to cheat you out of your money, like so many others. However, everything that claims daily money right into your bank account has to be considered a bit suspect. Especially if we are talking about methods that deal with Bitcoin. Recently a lot of such cryptocurrency based opportunities have sprung up around the Internet, and while, as I said before, it seems highly suspicious that they claim you will get your investment back daily once you invest a certain amount of money into the company, it gets even more suspicious if you check out their affiliate offers, which let you earn commission from everyone you bring in and recruit to join up.

Power Mining Tool

The email I received promoting this, was definitely sent by an affiliate looking to do exactly that, recruiting other people. These guys get paid a nice sum for every deposit someone they recruited, makes, and they are most likely paid in cryptocurrency themselves. This tactic is used by other websites that deal with methods like this one and I have seen this before, for sure.

Power Mining Pool: Is It A Scam Then?

The truth is, I cannot really tell you that for sure. Right now, it seems to be a legit opportunity and I know people have been paid by them in the past and are still currently getting paid. But the thing is, the risk is still there that this opportunity will vanish really fast and you will end up with your investment gone, without any way of getting it back whatsoever. These new opportunities are always risky in this regard. They can go on for a couple of months and then just disappear. And there is no guarantee that your investment money is safe.

Power Mining Pool: My Honest Opinion

I have a lot of experience with all kinds of money making methods and systems, and I have also reviewed a lot of them right here on this website. I have been around for a while and have seen a lot of methods like this one come and go over the years.

What I think, is, that Power Mining Pool is just an opportunity that is trying to cash in on the big cryptocurrency hype that is going on on the Internet right now. Everybody wants a piece of the Bitcoin pie and these guys are no different. A lot of marketers are joining up as affiliates because they have really good offers and commissions for people that promote them and get other people to join up. However, those affiliates don`t really have a stake in the company at all, they just do this for the good commissions they earn for everyone they manage to convince to join and make a cash deposit. The people that are at risk of losing are those that are actually investing and trying to get their investment back.

I saw this happen years ago, when the big trend was making money with advertisements. There were websites out there that let you invest into advertising packs and they would pay you a guaranteed amount of money back from the profits they made through the ads. It sounded very good at the time and a lot of people joined up and invested into those methods. However, after just a couple of years, the whole hype vanished along with the websites and a lot of people were left without any money, or at least, losing a lot of their investments. I think the same thing is happening right here as well. Instead of ad packs, these guys are promoting cryptocurrency and Bitcoin because everybody is talking about it right now and it is trending.

Power Mining Pool: The Conclusion

The fact remains that you could potentially earn a lot of money with this opportunity, but it is a really high risk. As I have said, this can go on for quite a while, even years, but it can just the same simply disappear in a couple of days. You would definitely not want to invest a lot of money into something that has basically zero security for you as the investor. You might very well end up one day trying to log into your account and seeing that the site does not exist anymore, along with your investment. And also keep in mind that there is basically no way to get your money back if that would happen, as I have also mentioned above. You should really think this through and ask yourself the question if it would really be worth it for you to invest into something like this. Always remember to invest only as much as you afford to lose without driving you into bankruptcy.

There are always risks involved with investments like these, but then again, you could always just directly invest into cryptocurrency and buy some yourself without the need of a middle-man like this opportunity. Or you could also check out different methods to make money online, which are a lot less risky and which have made a lot of people a lot of money over the years, simply because they are legitimate and don`t vanish overnight.

So before you leave…

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Bitcoins Wealth Club Review

By on October 12, 2017 in Cryptocurrency with 0 Comments

Are you looking for a review of Bitcoins Wealth Club?  If so then keep reading…

Today in my review, I’ll be sharing my honest opinion of the Bitcoins Wealth Club, giving you all the information you need to make up your own mind about this latest online opportunity.

Before I start…

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Bitcoins Wealth Club: The Review

I was recently contacted by a very well known marketer who personally invited me to take a look at Bitcoins Wealth Club with a view to joining this latest online opportunity.  In this review, I’ll share with you what I found out along the way.

Keep reading to find out if this latest online opportunity is worth your time and money.

I immediately noticed significant similarities to other opportunities that deal with Bitcoin. Their website looks very similar to a couple of other opportunities I’ve reviewed recently.  A common theme amongst these opportunities is the fact that you simply join up, buy some bitcoin and then see the cash roll in your bank account.  Well, at least that’s the theory.

Bitcoins Wealth Club

The thing is, there have been a lot of these opportunities springing up lately around the Internet, with promises on how you can make the easy dough by just joining up and investing in Bitcoin. It seems there is a growing trend for opportunities that leverage the popularity that cryptocurrencies and Bitcoin currently enjoy. What they all promise you, is a surefire way of making back your investment, as well as earning a lot of money in the process simply by just investing, because they apparently do all the work for you from that point on.

I am always suspicious when I come across opportunities like these, which basically guarantees you money without you having to do any work whatsoever. These claims, by default, come off as a pure scam right from the start. But the thing is, I have been recommended this by someone that I know has a lot of experience in the money making field and I have been following this guy for years now. That`s why I was really confused as to what this method is actually all about if it is not a fraud.

Bitcoins Wealth Club: How Does This Thing Work?

This is a very new method for sure and as far as I can tell, it is developed by someone who has a lot of experience and has also been involved in many different money making opportunities in the past as well. You are basically required to invest money into Bitcoin and you also get the chance to earn even more coin if you manage to refer other people to this opportunity and get them to sign up. So there is an affiliate program behind it also.

Seeing as how big cryptocurrencies are at the moment, this topic is definitely trending and a lot of people are looking to make money with it. Opportunities like these have appeared all over the Internet in the last couple of months exactly because of this. I am sure Bitcoin will get even bigger next year and investing into it is a good idea for sure. I`m definitely going to invest myself and I`m sure I will be making a really good return on my investment over time. Cryptocurrencies are, in my opinion, going to be a really big thing and it is possible to earn a lot of money by trading all those different types of coin. However, I would not involve myself with a method like Bitcoins Wealth Club, simply because I don`t really trust opportunities like these, and here is why.

Bitcoins Wealth Club: Reasons I Distrust Them!

Having been referred to Bitcoins Wealth Club by someone I do trust puts me in a bit of a bind here, because I know the guy who referred me does not deal in scams and fraud methods, however, I still won`t join this opportunity, simply because I know how they work at the ground level. And the truth is, the people that will make the most money, are those that will get the most people to sign up and invest, not those that actually do join up and invest. It`s like any other affiliate program. The more people you get on board, the more commissions you will earn. And there are a lot of these Bitcoin opportunities out there, not just this
one. As I have said, this is currently a huge trend right now and everyone is looking to profit from it.

The truth is, you will only make serious money with opportunities like these and affiliate marketing in general if you have the knowledge, expertise, and patience to actually get people to join up under you. That is exactly where the big money is. And that is also the main reason I stopped using affiliate programs in general because most of them don`t offer any insight into how to actually be a successful affiliate marketer.

There are exceptions of course, like my number one recommendation, which you can check out for yourself below. It`s also an affiliate opportunity, but it actually does offer a ton of information on how to be successful as an Affiliate Marketer and how to make a really good online income.

Bitcoins Wealth Club: The Conclusion

I won`t be recommending this opportunity to you, because I think you would be much better off investing in bitcoin by yourself, directly, instead of going through a system like this, which basically acts as a middle-man who shaves off a lot of profit that you can make yourself. You can gain very good knowledge about the ins and outs of trading cryptocurrencies just by watching tutorial videos on your favorite video platforms (YouTube).

And as I have said, the people that will gain the most with this method, are those that know how to market it and get people to sign up, not necessarily the ones that simply invest and wait for the money.

If you are not really into Bitcoin and don`t want to start trading, I have a really good recommendation for you, which will show you how to make good money online with a proven method.

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Omnia Tech Review

By on August 17, 2017 in Cryptocurrency with 0 Comments

If you are asking yourself if Omnia Tech is a legit multi level marketing system or just another crypto currency scam, I am right here to tell you my honest and unbiased opinion about the whole method. I have been taking a really close look at the whole thing and will share everything I have learned, with you, in this review.

Before I get started…

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Omnia Tech – The Review

Given that there are a lot of multi level marketing, or simply MLM methods out there right now, the only way to make sure what is real and what is a fraud is proper research. I have reviewed a lot of these systems lately, like Essante Organics and My Next Aim. It is a really good idea to inform yourself well before deciding to join any of these programs. And that is what this review is for.

Omnia Tech – The Company

Omnia Tech Review

What this company basically is, is called a crypto currency based MLM company that also deals with affiliate marketing. They are based in Malta, according to the company info, but the exact same address belongs to a couple of other such companies that are very similar. I highly suspect that Omnia Tech only exists on paper is not really a physical company. A guy called Thomas Hintermaier is listed as the only executive of the company, but if you check out social media platforms, you will find that he does not really appear to be an executive of anything. Also, if you do a little research on the website itself, you will find that the company website was registered only in July of this year and it seems it belongs to someone completely different but having the same address in Malta as the company. A guy called Scheibener apparently owns the website and he seems to be a real expert on MLM. However, I found out that Hintermaier actually operates the entire company out of Austria and not Malta.

Check out his personal info

Hintermaier has worked as a production planner and quality manager for different companies for the better part of the last ten years. He was also active in the insurance niche which gained him a lot of experience in dealing with clients and customers as well as how to do consultancy right. During the last decade, he was also into developing guides for projects based on the Internet. Currently, he is the CEO for two Austria based companies.

Omnia Tech – The Products

The entire method does not offer any products that you could buy and resell, like traditional MLM methods. As an affiliate, you can only market the method and get other people to join up, earning commissions in the process. It is all very similar to systems like iCoin Market, which I have already reviewed and exposed.

If you and affiliates under you decide to invest into Omnia Tech, there are a couple of different investment levels. You can basically start out at $100 and go up as high as $25000 for the highest tier. Your earnings will come in the form of crypto currency and they promise a daily ROI, which is based on what type of currency you decide to invest in. It can be Bitcoin or Ethereum, but other options are available as well.

Omnia Tech – Commissions

How it all works, is as follows. You will be getting a 10% commission from what affiliates under you invest. Any affiliate under you can have two affiliates on his “left” and on his “right”, which equates to four affiliates, and those can then do the same thing with people they recruit under them. There is virtually no real limit as for how far this can go. If affiliates generate a total of $100 dollars worth of investment on each side, it`s called a cycle and you could possibly see forty cycles daily, which could amount to sums up to $40k.

But to be successful as an affiliate marketer, you should first learn how to do it properly, and my best recommendation to you would be AWOL Academy. You can check them out right here

Omnia Tech – The Bonuses

There are a couple of bonuses you can earn as well. Residual bonuses can be generated by your affiliates that are under you ranging from tier one to tier four and are around 4% to 1% commissions. There is also a monthly bonus if your affiliates can make those they sponsor invest more during a month and that flows back directly into your account. The last bonus that is available is called rank achievement bonus and it has several levels of achievements you or your affiliates can strive for. Earnings could start at $100 and go as high as almost $25k depending on the level you or your affiliates would achieve.

My Verdict

The method is definitely not a scam and is actually pretty complicated to learn as a beginner, which is further proof that a lot of thought was put into this system. However, it is really not for anyone starting out and you should take great care before deciding to invest into it. You need to learn how affiliate marketing works as well as all that you can about crypto currency. If you don`t, you can lose a lot of money. And this is exactly the reason why I won`t be recommending Omnia Tech.

However, I know of a much better and more accessible method that I will be recommending you right now. You can check out my personal number one recommendation to you below. You will gain access to completely free training course which will teach you how to make money online right from the start.

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BitConnect Review

By on August 7, 2017 in Cryptocurrency with 0 Comments

Looking for a review of BitConnect?

Well, you’re in the right place if you are looking for an honest and unaffiliated BitConnect Review.

BitConnect Reviews

Here at IM Insider Reviews we write uncompromised reviews of the latest digital ‘make money online’ products and systems.  We do the heavy lifting so you don’t have to.

With 100s of reviews here on this blog, we are very well positioned to advise you on what works and what doesn’t.

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Okay so let’s get on with this BitConnect Review…

So there’s quite a bit of buzz about this company at the moment and chances are you’ve been contacted, probably by email, about the opportunity.

Over the course of this review, we’ll take you through the company, their products, and their Compensation Plan so you have all the information you need to make an informed decision about BitConnect.

Be Warned…

You need to read this review to the very end because I am going to expose some worrying truths about this new online cryptocurrency opportunity.

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BitConnect and the Company behind it

After taking a look at the domain “BitConnect.co” I can confirm that the company that purchased the domain has set the details to private. So all I can confirm at the moment is that the domain was registered on February 9t, 2016.

BitConnect Review

When you look at the BitConnect website it looks very professional and even has its own video (see below) but when you start digging a little deeper you find that it really is only a few pages deep and these all seem to be Frequently Asked Question type pages.

BitConnect and the Product line that’s easy to resist

Rather strangely BitConnect doesn’t actually offer any kind of product be it either physical or digital. What they do offer is an opportunity to join the BitConnect affiliate programme that gives you the opportunity to earn ‘Daily Returns’ on your investment.

BitConnect Scam

Basically, you earn ‘Daily Returns’ by depositing Bitcoin into your BitConnect account. Your Bitcoin is then converted to BitConnect coins which you then earn a daily Return on Investment (ROI) on inside the company.

The investment and returns are as follows:

Investment From

$
Investment To

$
Return On Investment

%
Investment Locked

Days
Return on Investment

%
1001000402990
101050004023923.9
5010100004017935.9
100101000004012030

And if you manage to enroll affiliates in the BitConnect programme you can earn referral commissions. Check out the Compensation Plan below:

LevelReferral Bonus
17.0%
23.0%
31.0%
41.0%
50.5%
60.3%
70.2%

BitConnect

How much does it cost to join BitConnect

There is no actual up front fee or a recurring monthly membership essentially it’s free to join however affiliates are required to invest between $100 and $100,000 in order to join, earn and get paid in the compensation plan.

Conclusion Is BitConnect a Scam

Do you think the BitConnect Scam exists?

So let’s quickly go over this again…

  • Company details are hidden or withheld
  • No physical products
  • No digital products.

So essentially you are taking your Bitcoin, which has value and converting it into BitConnect coins which have no value outside of BitConnect in exchange for the promise that you are going to receive an ROI.

This has got Ponzi scheme written all over, in fact, I’d go as far as to say it’s text book, Ponzi.

New investors funds are used to pay off existing investors so once people stop coming to BitConnect which they will the company owners will be forced to close down unable to meet the crazy returns running off with the remaining investor’s funds to boot.

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iCoin Market Review

By on July 8, 2017 in Cryptocurrency with 0 Comments

iCoin Market is one of the newest cryptocurrency money making opportunities. Cryptocurrencies and the markets around them are the latest things right now so more and more opportunities are springing up. But the big question is ‘Are they really legit and can something like iCoin Market really help you make money online?’ I have been taking a closer look at this system and I`m going to share my review with you. But, quickly, before I do, if you’re sick and tired of online scams and are looking for a really good way to make money online, check out my number one recommendation below.

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The iCoin insight for a quick, simple overview

After reviewing iCoin Market it is clear to see that they are still in their pre-launch phase and have not yet fully completed the system, but there will definitely be a lot of marketing and hype going on around this cryptocurrency opportunity in the future, for sure. There is currently a huge trend going as a lot of these kinds of opportunities are being created, while others have almost completely disappeared. In the past, most of them were based on revenue sharing, but almost all of them have proven to be total scams and it is no wonder that they have already collapsed. Nowadays, as Bitcoin and other currencies are getting more and more popular, a lot of similar systems have appeared. Like iCoin Pro, which I have recently reviewed.

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Understand how iCoin works and save yourself $$$

First of all, the whole thing is still in pre-launch and will be officially launched only in about a month. I found out about iCoin Market from an associate of mine who is promoting the latest money making opportunities and trends. He earns a good living by promoting all of these systems, but I am more interested if they are legitimate or not and if they can really help someone new earn money online. It is very easy for just about anyone to promote opportunities like these and earn, but the question remains if someone new can actually join iCoin Market and make money through the system.

iCoin Market Website Screenshot

A good thing I noticed first, is that they offer you $10 when you first sign up. That is a very good way to get people to sign up because you get rewarded right from the get go. You will need to spend money on this system eventually because it requires money to make money, as the saying goes, but we are talking about cryptocurrencies here, and you have a really genuine opportunity to even double your investment overnight in some cases. On the other hand, there is also a good chance you lose all your investment because it all heavily depends on the market and the current value of the currencies you are investing in. And the market can change really fast in the world of Bitcoin.

But that is the whole idea of iCoin Market. They promise to help you make money with cryptocurrencies without actually having any experience on what currency to buy and when. You are basically just investing into the system, and they will do the work for you. And by work, I mean, analyzing the market, checking out the best days to invest, when to sell and how to generate you a good amount of profit. There are risks involved for sure, and you will definitely see days without any income at all, but if iCoin Market can deliver on their promises and if they know what they are doing, you should surely see a good return on your investment.

The iCoin Market simple sneaky secret that explains the “Why?”

There have been a lot of emails sent around by people asking other people to join iCoin Market, and you might be wondering why you might even have gotten one yourself. And the answer is, that iCoin Market has a referral system, that lets you earn a commission from any people that sign up to the program under you. You will earn a commission from basically everything they make themselves.

Quick! Skip to my conclusion to save yourself time.

According to what I have seen so far, the program is not a scam and seems very legit, however, I won`t be sure until they really launch themselves on the market. As I have said before, they are still in the pre-launch phase and have no record whatsoever of success or failure. The cryptocurrency industry is all the trend right now and booming like crazy. Other opportunities like these show up everywhere, like iCoin Pro, which I have already reviewed. The main question remains, how do we know if these systems are legit or just scams and Ponzi schemes? Do we really know if the people behind systems like iCoin Market are really trading and investing your money or not? And the answer is, there is no way to be sure and almost impossible to tell. It is alright if you want to invest money into something and see how it goes. You might or might not see success, but definitely, do not invest a lot of money into it. Just invest as much as you are prepared to loose. Just like with a gamble or if you are betting. I personally would not invest any money into systems like these, because I would loose control over my money and I much rather like to make money through other methods that I know work very well, are sustainable and don`t rely on other people or methods.

My recommendation and how it could be the kick-start you need.

After taking a really close look at the whole system, I am currently not recommending it, simply because it is too new, untested and there are too many unknowns out there yet. I think it is way to risky to invest money into this system right now. On the other hand, if you want to know what I would really recommend, make sure to check out the link below. You will get access to a completely free training course that shows you a method I have used and implemented.

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Jetcoin Review – Scam ALERT!

By on June 27, 2017 in Cryptocurrency with 1 Comment

In this review, I`m going to taking a closer look at Jetcoin and at the end of the review will offer you my honest opinion of this brand new system so please, keep reading…

Jetcoin is a new investment system that deals closely with the most well-known of cryptocurrencies, Bitcoin (BTC). What it actually does, is to promise a 200% return on investment after a 40 days investment/holding period. Although sometimes it can take up to 50 days.

So…is this new system genuine and a worthwhile investment or is it all too good to be true and just a massive waste of your time, turning out to be just another scam designed to separate you from your money. Keep on reading to get my full and honest review…

But right before I start, if you are fed up with scams and fake ways to make money online, make sure to check out my personal recommendation for really generating a good income online, below.

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What exactly is Jetcoin anyway?

First off, when you are trying to look up Jetcoin, you will find no phone number or physical address whatsoever. You will also find no information on the owner or operator of the site at all. Usually, companies like these share this information to build up trust in their site and their system, but it is not the case with Jetcoin. This is more than a little but troubling since there is no way you can contact the company in case you have any questions or problems that might arise. This information should definitely be freely available for any potential customers. My suspicion is that this was all done intentionally.

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You cannot even find information about the companies registration. All you can find out is that the site was registered in May 2017 but the domain is private. That`s it. And in my opinion, it might have been a smart move by the person who registered it in the first place, since it makes finding out who they really are all the harder. These things are getting more and more common, as you can see if you read my BitClub Network Review. As well as a lot of other sites like these that I am currently looking into. It seems shady site owners like these are playing on the fact that many people don`t really look up things like these before trying a system out, but when it actually comes down to trying to contact the company they gave their money too, they are left high and dry.

What is the Jetcoin Product?

The thing is, there really is no product. The whole thing presents itself as another opportunity to invest into Bitcoin. That is basically all it is. You have the choice of a lot of packages that Jetcoin offers and can choose to invest into any one of them.

Screenshot from the Jetcoin website

The returns on the investment they promise are usually after 50 days, except two specific investment packages. That clearly goes against their advertising which suggests that you will get your investment back in only 40 days when in truth, only two packages will give you that. I will outline their packages below.

PackageDepositDescription
Jetcoin 10.05Bitcoin (BTC) Deposit
Jetcoin 20.10Bitcoin (BTC) Deposit
Jetcoin 30.30Bitcoin (BTC) Deposit
Jetcoin 40.50Bitcoin (BTC) Deposit
Jetcoin 51.00Bitcoin (BTC) Deposit
Jetcoin 62.00Bitcoin (BTC) Deposit
Jetcoin 74.00Bitcoin (BTC) Deposit
Jetcoin 88.00Bitcoin (BTC) Deposit

Only the deposits you make with the Jetcoin 7 and Jetcoin 8 packages actually guarantee a return on investment in only 40 days. The others will take up to 50 days, and the Jetcoin 1 package does not really do anything, except trick someone to deposit that amount of Bitcoin to participate in this scheme.

The Jetcoin “Opportunity”

The company also offers affiliate programs with promises of maximizing the potential earnings of investors. I have seen this trend lately in a lot of other sites like these. There is a binary compensation nature to the sponsoring and recruiting of these affiliates.

screenshot from the jetcoin website

The end result is, that the daily activity of every investor is compiled through the entire structure of the system. The weaker binaries percentage is subsequently paid out as commission in the end. You can check out the rates of the commissions right here:

LevelCommissions %Commissions (BTC)
Jetcoin 19%3 Bitcoins
Jetcoin 210%6 Bitcoins
Jetcoin 311%18 Bitcoins
Jetcoin 412%30 Bitcoins
Jetcoin 518%60 Bitcoins
Jetcoin 620%120 Bitcoins
Jetcoin 722%240 Bitcoins
Jetcoin 825%600 Bitcoins

Conclusion

If you decide to try this system out, it will be nothing less than giving a load of money to a perfect stranger that promises you to double the amount you gave him in only a bit over a month or 40 days. But the truth of the matter is, that any company who asks for your money without providing at least the basics, like clear contact information, is probably a really shady company that you should not trust in any case. JetCoin does not even go so far as to write up a concise article with clear information about how it exactly intends to double your investment in just that small amount of time. They just ask for your money and give you promises without any proof or at least an explanation and expect you to fall for it. Furthermore, we are talking about Bitcoin here. The current value is about $2500 USD. I find it pretty unrealistic that the company can guarantee to provide you with 600 BTC monthly if you buy into the Jetcoin 8 package, for example, and even give you huge commissions. It would basically mean that you would turn into a millionaire in a couple of months. In the world of Internet Marketing, nothing is ever that easy. It is almost crazy to talk about that huge amounts of Bitcoin delivered on a monthly basis, seeing as how hard it is to gain Bitcoin in the first place. Needless to say, the whole JetCoin solution seems very shady and it really looks like just another, so-called, Ponzi scheme. I would definitely advise you to stay as far away as you can from this fake company and look for real money making solutions elsewhere.

Recommendation

If you have read the above review it doesn’t take a genius to work out that I won’t be recommending Jetcoin. To put it simply this is just a nasty scam very similar in style to many of the Binary offers that I have reviewed in the past.

If you are serious about making it online and are looking for a genuine way to get there then check out my number one recommendation below. Currently, the training is 100% free but please, don’t ask me how long this will last.

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BitClub Network Review

By on June 12, 2017 in Cryptocurrency with 2 Comments

Thank you for stopping by and taking the time out of your day to read my review of this latest product to hit our email inboxes – BitClub Network!

Now, before we get into the review, if you’re sick and tired of all the online scams out there like me then, please take the opportunity to look at my No.1 Recommendation. This 100% free training is what I’ve personally used to create a very successful online business.

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What are Cryptocurrencies?

Before we start to look at the BitClub Network I thought it might be useful to provide you with some basic detail about Cryptocurrencies which BitClub Network uses to make money.

In 1998 a description of ‘b-money’ was published by Wei Dai which described an anonymous electronic cash system. Shortly after this, ‘Bit Gold’ was launched by computer scientist Nick Szabo. Many people say that ‘Bit Gold’ was the precursor to ‘Bitcoin’ and other Cryptocurrencies like Namecoin, Litecoin, Peercoin to name but a few.

Cryptocurrencies are essentially a digital currency free from the controls of states and treasuries that use cryptography and ‘Proof of Work’ to be exchanged or transacted.

If you think about it this isn’t too far removed from the digitalisation of what we might consider traditional money. Imagine you get your wages paid directly into your bank account and you spend all your money either at online stores, through Paypal or via a debit or credit card. In this scenario, you have neither seen nor touched physical money.

Although the legal status of cryptocurrencies is still classified as undefined some countries are allowing it to be used while others have banned the currency outright. It clear that central banks and governments are worried about the use of Cryptocurrencies with many reports being commissioned on the impact and future of the currency. With little to no control over the currency Treasury’s that have traditionally been responsible for the production and control of a countries, money and economy have good reason to be concerned about the growing market capital of Cryptocurrencies.

What is the BitClub Network?

BitClub Network is as the name suggests a Club or Network of people that have come together from different industries; entrepreneurs, professionals, network marketers, programmers and cryptocurrency mining. All experts in their fields they have come together to give you the opportunity to get involved with and earn money from BitCoin Mining. By using the club or network model BitClub Network is able to buy new mining hardware using the pooled resources of the members allowing the network to grow exponentially.

How you earn money?

BitClub Network currently has 3 mining pools that you can participate in, simply called Mining Pool #1, Mining Pool #2 and Mining Pool #3. The initial investment and amount you earn is different for each pool. Your share is used to purchase new mining hardware or computer servers in simple terms. All Bitcoins earned as a result of the mining is split across the pool members and paid daily. A proportion of the mined Bitcoins is reinvested back into the mining equipment. I suspect if you didn’t have this model the mine would eventually stagnate and die as equipment fails or reaches capacity.

  • Mining Pool #1 – Each share costs US$500. 50% profit. 50% reinvested in mining equipment and shares.
  • Mining Pool #2 – Each share costs US$1,000. 60% profit. 40% reinvested in mining equipment and shares.
  • Mining Pool #3 – Each share costs US$2,000. 70% profit. 30% reinvested in mining equipment and shares.

What’s the catch?

The only catch I found with BitClub Network is actually how hard it is to join and how difficult it is to get hold of or contact them.
It would appear that when you go to their website there is no easy or obvious way to actually join directly and it appears that you need a sponsor to bring you into the Network. That’s something that normally occurs in Multi-Level Marketing or Network Marketing so although the website doesn’t confirm this I would suspect that there are differing commission levels between sponsor and participants.

When I tried to Contact BitClub Network to discuss this with them I found that neither their Contact Form nor their ‘Live’ chat was working which was a bit concerning (no pun intended).

Conclusion

Often when reviewing products you can easily tell the scams from the legitimate products and programmes, they stand out a mile. BitClub Network was different and this makes it difficult for me to be negative about them. From their site, you can clearly see that they have a legitimate working operation and there is no doubt in anyone’s mind that Cryptocurrencies and Bitcoin are here to stay.

The only thing that did concern me about BitClub Network was the inability to actually be able to contact them via their Contact Form and ‘Live’ chat.

Recommendation

Right now I don’t feel like I am in a position to recommend BitClub Network to you simply because I don’t know enough about cryptocurrencies and I certainly don’t know enough about BitClub Network. As none of the founders and partners behind the club are mentioned on the website it’s hard to know who they are and what pedigree they bring and for that reason and those outlined above, I will not be recommending this product to you.

(This is a 100% free training for making 5-figures per month)

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