Helping you make the right choice for your online business

BitClub Network Review

By on June 12, 2017 in Cryptocurrency, Reviews with 3 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.

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

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)

Tags: , ,

Review by Simon

Successful Online Entrepreneur and owner, editor and writer at IM Insider Reviews (IMIR) Simon, an avid coffee lover, splits his time between writing for IMIR and running his other successful online businesses. And of course, drinking coffee :-)

There Are 3 Comments

Trackback URL | Comments RSS Feed

Sites That Link to this Post

  1. Jetcoin Review | Scam ALERT | IM Insider Reviews | June 27, 2017
  1. David Hazel says:

    Thanks, Simon. Great review.

    Thanks for the additional info on cryptocurrencies.

    I’ve signed up to your recommendation instead, looks great so far.

    David

  2. Stephen Evans says:

    Fab review! Very interesting read on cryptocurrencies.

Post a Comment

Your email address will not be published. Required fields are marked *

Top