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BitClub Network Review: Zeek Ponzi veterans at it again

There is no information on the BitClub Network webstek indicating who possesses or runs the company.

The BitClub Network webstek domain (“bitclubnetwork.com”) wasgoed registered on the 22nd of July 2014, however the domain registration is set to private.

The BitClub Network webstek itself is being hosted out of the Netherlands, without more information however it’s not clear whether this is also where the holder(s) of the company are based out of.

Spil always, if a MLM company is not openly upfront about who is running or wields it, think long and hard about joining and/or handing overheen any money.

The BitClub Network Product Line

BitClub Network has no retailable products or services.

Affiliates market membership to the company itself ($99) and then invest and encourage others to invest ter three “mining pools”.

The BitClub Network Compensation Project

The BitClub Network compensation project revolves around affiliates investing ter three “mining pools”, each of which pays out a daily ROI for 1000 days.

  • Mine #1 costs $500 a share and pays out a daily ROI for 1000 days, subject to 50% mandatory re-investment
  • Mine #Two costs $1000 a share and pays out a daily ROI for 1000 days, subject to 40% mandatory re-investment
  • Mine #Three costs $2000 a share and pays out a daily ROI for 1000 days, subject to 30% mandatory re-investment

Binary Referral Commissions

Referral commissions on investments made by recruited affiliates are paid out through a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, with two positions directly under them:

Ter turn, thesis two positions branch out into another two positions and so on and so forward down a theoretical infinite number of levels.

Te BitClub network, each packed binary position represents an investment made by an affiliate’s down or upline.

Commissions ter the binary are paid out according to the pairing of investments on either side of the binary using a 1:1 ratio:

  • a pairing of $500 investments equals 1 point
  • a pairing of $1000 investments equals Two points
  • a pairing of $2000 investments equals Four points

Each time an affiliate generates 20 points from their binary a $500 commission is paid out.

To qualify for binary commissions, an affiliate voorwaarde personally recruit two affiliates. Also note that binary commissions are capped at $500 daily (one commission payout).

Pass-up Referral Commissions

Te addition to binary referral commissions, there’s also a pass-up factor to the BitClub Network compensation project.

An affiliate’s very first two recruits pay a straight 15% referral commission on any investments they make. Any commissions generated by affiliates recruited by thesis two affiliates are passed to the recruiting affiliate’s upline (the affiliate who recruited them).

An affiliate’s 3rd to 5th recruited affiliates pay 20% referral commission on any investments made. A 5% referral commission is also earnt on investments made by the very first two affiliates they recruit, the very first two affiliates those affiliates recruit and so on and so forward.

An affiliate’s 6th to 8th recruited affiliates pay a 25% referral commission on any investments made. A 10% referral commission is also earnt on investments made by the very first two affiliates they recruit and 5% on the third, fourth and fifth affiliates recruited.

Spil with the referral commission paid out on the 3rd to 5th recruited affiliates, thesis referral commissions extend down a theoretical infinite depth.

The 9th affiliate recruited pays out a 27.5% ongezouten referral commission on any investments made. Subsequently a 12.5% referral commission is paid on investments made by the very first two affiliates they recruit. 7.5% is paid on the 3rd to 5th recruited affiliates and Two.5% on the 6th to 8th.

Once again, thesis referral commission extend down and are passed up by any recruited affiliates ter the 9th recruited affiliate’s downline.

Pass-up Premie

When a recruited affiliate recruits nine affiliates, the affiliate who recruited them is paid an extra Two.5% referral commission on investments made by any affiliates the 9th recruited affiliate recruits.

Once again, this premie is paid out on investments made by any affiliates ter this particular downline who also reach the nine affiliates recruited qualification criteria.

Joining BitClub Network

Affiliate membership to BitClub Network is $99.

Ter order to earn a commission an investment te one of the “mining pools” is also required, adding an extra ondergrens cost of $500 to $2000 to BitClub Network affiliate membership.

Conclusion

Set to proceed the famous reputation the Bitcoin MLM niche has carved out for itself is BitClub Network.

Affiliates join for $99 and then invest ter “shares” for inbetween $500 to $2000 a speelgoedpop. Investments are made on the expectation of a 1000 day >,100% ROI, which is paid out of fresh investor funds.

Whether the funds are converted to Bitcoin or otherwise is irrelevant, with BitClub Network preserving the Ponzi requirement of fresh affiliate funds being used to pay off existing investors.

Affiliate funds are funds regardless of the currency used. And of course nothing is being marketed or sold to retail customers.

At the very least, it’s a certainty that BitClub Network are accepting investments from affiliates on the expectation of a >,100% ROI. Whether or not the scheme has registered itself with the SEC is unclear. Given the offshore domain registration with a Panama-based provider, I’d say it’s unlikely.

BitClub Network is an offshore scheme seeking to fleece investors under the guise of “let us explain Bitcoin mining to you”, with the mining itself (if any actually exists) having little to nothing to do with the flow of funds within the scheme.

Whilst the holder(s) of BitClub Network are for now are sticking to the shadows, there’s evidence that factions of the Zeek Prizes Ponzi scheme might be behind it.

Under the YouTube account “BitClub Network Pro”, old palm T. LeMont Silver is marketing himself spil the “top leader” te the scheme:

Another Zeek Ponzi pimp, Dirson E. Jimenez (aliases “strosdegoz”, “Alan Santana” and “manolo”), is also on houtvezelplaat spil an early adopter:

T. LeMont Silver is presently being sued by the Zeek Prizes Receivership for his part te the stealing of funds from victims of the scheme. Silver is listed spil one of the top net-winner investors of the scheme, with both his and his wifey’s name appearing on a list of Zeek Prizes net-winners based out of the US.

Upon learning the Receivership would be going after Zeek Prizes top affiliates, Silver fled to the Dominican Republic. After lounging low after the collapse of JubiMax, I suppose BitClub Network is supposed to be his come back to the MLM Ponzi strijdperk.

Jimenez doesn’t emerge to be a US citizen, so spil of yet hasn’t appeared on any lists compiled by the Zeek Prizes Receivership. He did pretty well for himself te the scheme tho’ and, if he hasn’t already lodged with the Receivership, will likely be a target ter future litigation once the Receivership initiates proceedings against Zeek’s non-US affiliates.

Some might write off Jimenez and Silver’s early involvement ter BitClub Network spil a co-incidence, but I’d be willing to bet the names of those running the scheme are a part of the same collective.

Even with the uitzicht of having to pay back the funds thesis Ponzi pimps have built their respective fortunes on, it seems the nature of the animal remains the same.

BitClub Network’s marketing movies are targeted at people who might be wondering what Bitcoin and Bitcoin mining are about. Unluckily, other than acting spil a vuurlijn for fresh affiliate funds to be transferred overheen to T. LeMont Silver’s and Dirson Jimenez’s handelsbank accounts however, neither have anything to do with the scheme.

Bitcoin mining on its own is ideally legitimate, but not when it’s used spil a voorkant for what is otherwise just another run-of-the-mill Ponzi/pyramid hybrid.

Related Posts:
  1. BitClub Network out of funds? ClubCoin announced… – Apr 29th, 2015
225 Comments on “BitClub Network Review: Zeek Ponzi veterans at it again…”

Wij will see. This sounds like a legit overeenkomst to mij because the bitcoin mining can keep it going.

If profits are made from the mining then it is a real rev share. I think it is going to be giant.

This sounds like a legit overeenkomst to mij because the bitcoin mining can keep it going. If profits are made from the mining then it is a real rev share.

Where are the thousands of dollars te affiliate funds going?

Don’t give mij BS about mining operations. You and I both know they’re just dribble feeding fresh funds back out to existing affiliates overheen a 1000 day timetable (the longest I’ve seen yet).

Todd ,Hirsch: . This sounds like a legit overeenkomst to mij because the bitcoin mining can keep it going.

There is no proof that there’s any actual mining going on. Which pool are they on? What hardware do they use? How many pooled THs do they have? Do you even know what I am talking about?

If you don’t, you have NO idea how bitcoin mining works, and thus, your keuze is unspoiled speculation and wishful thinking.

Last scheme to attempt this bitCoin disguise, PayMony, already collapsed.

I did see a marketing movie blabbing on about “affiliation” with three (third-party?) mining companies on three continents.

Begs the question that if any such affiliations are te place, the hell do they need thousands of dollars of affiliate funds for. Not to mention the flawed premise of Bitcoin somethingsomething magic = consistent 1000 day 100%+ ROIs.

Wij will see.This sounds like a legit overeenkomst to mij because the bitcoin mining can keep it going.

You’re my beloved ponzi pimp! You ran cyclers that collapsed and then talked about how they were “reasonably successful programs.” You providing your approval of a program is like a fox telling a farmer that a slot te the side of the chicken coop is a good thing.

Ter the wake of the collapse of every single alleged rev share program, ter what universe could this possibly not be a scam?

WHY would they suggest unregistered securities and have people invest ter their mining operation when they could just sell bitcoins to punters who don’t know any better? And then use the money to buy better equipment and do more bitcoin mining?

Wij’re not stupid, and you undoubtedly aren’t either. You know it’s a ponzi and you’re gonna rail that rodeo pony until it’s gams fall off while raising both your middle fingers to anyone who gets ter after you.

Chang makes the point that I very first thought of when I read this. Without knowing any details of the mining operation itself, there is no way to know it’s potential value. Even if one did, the very volatile value of Bitcoins make it an insane risk.

Ter fact, I would get the impression from the lack of any useful information about the mining operations that like the penny auctions te Zeek, a voorkant and the real money is robbed from Peter to pay Paul.

Unregistered Securities, Bitcoin and being not upfront about who runs it makes for something any serious investor or lawyer would tell you to run away from.

For some reference to reality: You can BUY machines that will “mine” Bitcoins for $500, 1000, or 2000. You can buy pretty darn good ones for $3500.

However, the advance of BC mining equipments have progressed to the point where people are scarcely earning back the cost te violet wand. And you can join a REAL mining pool FOREVER if you bought the hardware.

Heck, your existing PC can join a mining pool and costs nothing more (than whatever tens unit you use).

The “live chart” at BitCoinX shows that the most latest stats and it’s telling: if you have toughly 1 GH of processing power, and run it for 24 hours, you’ll earn roughly… 0.01 USD via mining. That’s right: 1 penny.

There is no profit te mining to pay out this sort of money, and the mandatory “reinvestment” is the real clue: this is an illegal investment contract waiting to be spanked by SEC or omschrijving ter other countries.

Wasgoed just going to see what this wasgoed all about, sounds like not much or not a lotsbestemming to go on – excellent extra comments too, thanks!

Did their webstek just went kaput?

Hosting provider might have pulled the cork.

Maybe Norway isn’t spil forgiving of Ponzi schemes spil they’d have hoped.

The diagnostic pagina implies it might just be a misconfiguration however so wij’ll have to wait and see. Why they’d be switching DNS etc. and incorrectly configuring the stir however is beyond mij.

The webpagina has not even launched yet….

@ K. Chang. I actually know a loterijlot about bitcoins and mining them, more than you very likely know.

I already own a loterijlot of bitcoins. Everyone here being negative have nothing to say until the program actually launches.

They truly are going to mine and the comp project is genius te my book. Lets all wait and see… =) This is a fresh thing and it can not be compared to past programs.

Unless the comp project switches, whether they’ve launched or not is irrelevant.

There is nothing fresh here, several scams have already attempted the bitcoin mining facade spil a vuurlijn.

Bitcoin mining is not an MLM product. Even if carried out, it’s still just the exchange of currency, with the mechanic of fresh affiliate funds being used to pay out existing investors remaining intact.

Anybody who has pc skill knows that bitcoin mining is no longer profitable. It wasgoed designed to make mining progressively difficult. And with more people getting into bitcoin mining, it became unlikely to make any money from mining at all.

So whatever brilliant project you spotted, it is irrelevant.

Todd ,Hirsch: This is a fresh thing and it can not be compared to past programs.

Sure it can. It’s an demonstrable suggesting fraud te the same way Profitable Sunrise, WCM777, TelexFree, Zeek, AdSurfDaily and AdViewGlobal were visible suggesting frauds.

It hopes to build up a head of steam through willfully vensterluik “Founders” and promoters – and it’s already using wires that run through the United States to do it.

What is is, precisely, is just another radioactive and dangerous example of La-La Land Whack-A-Mole.

It’s already being promoted ter a language spoken te Southeastern European that is associated with a region known for ethnic cleansing. (See “Bosnian Genocide.”)

Are you sure you want to “wait and see?”

If the fact that the Zeek ponzi pimps are behind this is not enough to get you running the opposite direction then you master a idiot. Let alone the fact that bitcoin mining is not profitable enough to pay out spil they are promising.

I doubt very much they have a single machine or intend on having anything to do with BTC, straight up ponzi IMHO.

Todd ,Hirsch: I already own a lotsbestemming of bitcoins. Everyone here being negative have nothing to say until the program actually launches.

Nope, just that you have no ears to listen.

And here’s a stud, who knows INFINITELY more about Bitcoins than you, telling most mining pools are Ponzi schemes:

Gavin Andresen, perhaps the most respected and well-known Bitcoin developer today, made a rather interesting statement about Bitcoin cloud mining the other day, and the strange thing is that it went basically unnoticed by the community spil a entire.

Redditor /u/zapt0 asked the /r/Bitcoin community about mining contracts and whether or not they could be solid investments, and most of the responses were rather negative when discussion came to the long term prospects of earning money through one of thesis cloud mining contracts.

Gavin echoed the general sentiment found te other responses, but he also took his view on the subject to the next level by stating, “I suspect many of [the Bitcoin cloud mining companies] will turn out to be Ponzi schemes.”

Oz you were right on top of this one master, Kudos, lets see if the powers that be are looking at this informative webpagina and nip it te the bud before it takes peoples money.

Indeed sick how thesis people are committing wire fraud before they even launch, the entertainment never completes ter this ponzi niche.

With Silver and Jimenez ter the DR after the Telextoestel val the DR will not tolerate ponzi pimps working Dominicans, US has strong ties with DR not to mention an extradition treaty. Hirsch is te the Philippines, so for the people reading this webpagina doing DD wake up:

The Big pimps are working from outside the US.

This is a telltale sign that scheme will take peoples money, promise coins that will never come, pay off old investors with fresh investor funds and inevitably collapse.

I believe sites like BehindMLM may possibly wake people up, wake the authorities up and stave off growth before momentum.

Shout out to K Chang for the Gavin Andresen article about cloud mining companies being nothing but ponzi’s.

I guess Todd Hirsch knows more about bit coin than Gavin Andresen, lol.

Hope you had a good time off, thanks again to you and your contributors!

“This is a fresh thing and it can not be compared to past programs.”

And this reminds mij of being told by a friend…

“Penny Auctions are a fresh thing, you just can’t compare this to other MLMs.”

Perhaps Solomon said it best, “There is no fresh thing under the Zon.”

Yes Todd Hirsch wielded and operated under RCC Worldwide Inc. San Pedro Belize.

The RCC corporate office is located ter Davao City, Philippines. The RCCv2 programmers and support team work from Mumbai India, Sonderborg Denmark, and from different parts the USA.

I wouldn’t take advice from Todd Hirsch or Billy Funk on anything. Go to that listig and read about RCC and RCC2. I’m sure you’ll agree he’s the wrong person to recommend any MLM or business of any zuigeling.

Spil if possessing them makes you an experienced. I vereiste be a cold experienced since I caught so many. Hahahahaha.

Look who is getting a lotsbestemming of press. I wish to be spil big spil I am described te this postbode.

Let’s hope it all goes well and this company turn out to be a long lasting one.

Just for grins… I determined to run some numbers.

With the most cost and energy efficient equipment on the market available, if you buy about $2000 worth of miners you’ll make about $33 a day, but spent about $8-15 te violet wand vanaf day (depending on your local rates, of course).

And the payout will decrease overheen time, but even given that, you should make back your $2000 te 90 days (or less), and from there on it’s zuivere profit. If you use lesser equipment, profit will be less.

So why would you want to take the risk and give your $2000 to unknown people for their PROMISE that they will waterput the $$$ toward mining equipment and share with you profits, when you can do it yourself?

I threw some contant on the Black Jack table last night at an Indian Gokhal (lost of course). If I know I am taking a risk, what is the problem?

It’s my money and if I am willing to throw the dice where is the harm?

If the SEC says it is a Ponzi scheme then I will zekering investing. But until they do there is nothing illegal about this.

I would choose to waterput my money into this kleintje of enterprise then I would at a gokhal. I’m a big boy and I am willing to play.

K., ,Chang: And the payout will decrease overheen time, but even given that, you should make back your $2000 ter 90 days (or less), and from there on it’s unspoiled profit.

You found that a $2000 investment ter equipment will pay back about $8,000 the very first year?

If I know I am taking a risk, what is the problem?

Te a gokhal? Nothing. Casinos aren’t Ponzi schemes.

It’s my money and if I am willing to throw the dice where is the harm?

The playing dumb schtick won’t get you very far here. Attempting to equate Ponzi schemes with some other niche is chapter Two or Three of scamming 101.

If the SEC says it is a Ponzi scheme then I will zekering investing. But until they do there is nothing illegal about this.

Ponzi schemes are illegal and unsustainable whether or not the SEC get involved.

Just like killing people willy nilly is still a crime regardless of whether the police actually catch someone.

I would choose to waterput my money into this kleintje of enterprise then I would at a gokhal.

By all means do so, just don’t expect anyone to guzzle your attempt to compare apples and oranges.

I’m a big boy and I am

a shameless Ponzi pimp. Spare everyone the excuses and just own it son.

Ruhroh… BitClub Network launch delayed a few days. No explanation why.

Hoss: You found that a $2000 investment te equipment will pay back about $8,000 the very first year?

I am relying on “best case” screenplays, of course. Cheap electrical play, most efficient miners (technically, that proefje isn’t out yet), no admin costs, no bandwidth costs, etc.

Hoss: $2000 investment ter equipment will pay back about $8,000 the very first year

You can see the long math on my blog, but here’s a quick math:

2000 will get you toughly 3150 Gigahashes / s if you go for the 7 x AntMiner Three (out te September 2014) which promises 450 GH/s while consuming less than 360 Watts.

3150 GHps at 1 penny vanaf GHps vanaf 24 hours is about 33 dollars a day, minus $Ten or so for tens unit (again, vanaf 24 hours). Assuming no downtime, no admin cost, no cooling cost, and no other overhead (like location rent and so on).

23 vanaf day comes out to a little overheen 8K a year. And that’s with a bit of fudge factor here and there (to REDUCE profitability).

If I got my math wrong, feel free to keurig mij.

It also assumes you’d find a consistent market of punters to offload the bitcoins on to. There’s a lotsbestemming of horror stories of people attempting to offload chunks of around 200 and getting strings of scam offers (I’ll write you a check. It won’t bounce. I promise.) or having to overeenkomst with murky exchanges that just keep their bitcoins.

So you’d potentially be sitting on coins you can’t turn into contant while the bills to maintain all the mining gear keep coming te.

Either way, I’d bet absolutely anything that Bitclub Network is a scam that’s just going to run with the money. It’s not “being negative” to point out the visible flaws of suggesting unregistered securities on an investment te a very unstable crypto currency.

I indeed hope wij’re not looking at the next Telexfree here.

wow, what an entertaining thread. I guess who everzwijn said you can’t fix stupid wasgoed spot on.

I don’t mean to be be so harsh but after watching some of thee pimps promote such blatant illegal programs overheen the years which create millions of televisiekanaal losers, thesis people need harsh.

Todd Hirsch: Moron and thief! anyone joining any of his businesses are either fresh and naive, a pimp thinking he or she can reap early prizes from future victims before the scheme stalls crashes or gets shut down, or are just vapid out stupid.

Todd plays himself off spil a business man, he is a scammer, any money he has made is from scamming with his schemes and if you probe all of his comments you can tell he has a low IQ.

Island Zin: you are another ignoramus! Your attitude leads mij to believe that you dont care who you screw with illegal program. You are disingenuous and have no compassion for your fellow human being, hooray for mij and [email protected]#% you.

Dirson Jimenez: Who are you kidding, you might not have made spil much spil this forum believes but lets not act naive ter public, you can add, you know better, you only pimp ponzis and flash ter the pan programs, you clearly know better but don’t care who get hurt for you attempt at a financial build up, another, lets get te firs and get out before the [email protected]#$ hits the fan and go to the next

Oz and contributors, please keep kicking ponzis and pyramids ter the A$$ spil you know of them and spil they toebijten, thank you!

23 vanaf day comes out to a little overheen 8K a year. And that’s with a bit of fudge factor here and there (to REDUCE profitability).

K Chang, lets not leave behind that when the “new equipment” comes out the coins become firmer to mine so you may never come ahead, telling ahead of technology is the trick and this market is just to difficult spil the developers of thesis coins are fairly clever ter their respective niche.

Coin developers know exactly how many of their coins are goiing to be mined vanaf day month year until all coins are mined ter say a 20 year period.

if your going to invest do your dd, it will pay off for long term gains.

If I got my math wrong, feel free to keurig mij.

Most online “Bitcoin Mining Calculators” operate with an enhancing difficulty level, reducing the income each 13th day by 8-11%.

1 -8% -8% -8% -8% -8% -8% -8% -8% -8% = income have step by step bot diminished to half after Four months or so. After 10-12 months, the cost of power will very likely be higher than than the amount produced.

(Ozedit: You run matrix-based pyramid schemes. Do not even attempt to deny it.)

M_,Norway: Most online “Bitcoin Mining Calculators” operate with an enhancing difficulty level, reducing the income each 13th day by 8-11%.

I’ll check that BitcoinX chart again. I’m not sure about reduction going down *that* quick. Every Eighteen days? Wow.

Okay, I’ll eat my own words. The difficulty level is being updated every 15.Five days now. Here’s one:

And here’s the chart I got:

Date Difficulty Revenue Profit Comeback

9-2 – 9-12 (11 days) 27428 M 0.4606 0.4514 -3.549

9-13 – 9-25 (24 days) 31817 M 0.4088 0.4007 -3.148

9-26 – 10-8 (37 days) 36907 M 0.3195 0.3131 -2.835

10-9 – 10-21 (50 days) 42813 M 0.2424 0.2376 -2.597

10-22 – 11-3 (63 days) 49663 M 0.176 0.1725 -2.425

11-4 – 11-16 (76 days) 57609 M 0.1188 0.1164 -2.308

11-17 – 11-29 (89 days) 66827 M 0.06945 0.06807 -2.24

11-30 – 12-12 (102 days) 77519 M 0.02691 0.02638 -2.214

12-13 – 12-25 (115 days) 89922 M -0.00976 -0.009565 -2.223

According to the chart, I won’t Everzwijn make back enough money to pay for the hardware. Te fact, by day 110 I won’t even make back enough to pay for violet wand.

Well, I’m learning a loterijlot about BitCoins too, only proves Hirsch is even MORE of a moron.

PPBlog: that is associated with a region known for ethnic cleansing. (See “Bosnian Genocide.”)

One way to view thesis shocking “programs” is spil a war against people of limited means or people already living ter poverty, dressed up spil te invitation to escape their own misery.

Like the rockets of war rain down on their human targets, HYIP offers fairly rain down from the skies of the Internet, putting vast numbers of people at risk.

I’ll check that BitcoinX chart again. I’m not sure about reduction going down *that* swift. Every Legitimate days?

I checked Three or Four calculators, all from the very first pagina of search hits. They used

13 days to estimate future difficulty levels.

This one has “Hashrate difficulty history” from February 2012 to August 2014, near the bottom of the pagina.

It has become 300-400 times more difficult from September 2013 to August 2014 (ter 1 year plus a few days). Or almost Nineteen,000 times more difficult te 31 months.

Date | Difficulty level

Feb 04 2012 1,379,647 “Day 0” ter that chart

Aug 12 2012 Two,190,866 6 months straks

Feb 05 2013 Trio,275,465 12 months zometeen

Aug 03 2013 37,392,766 Legitimate months zometeen

Feb 05 2014 Two,621,404,453 24 months straks

Aug 07 2014 Nineteen,729,645,941 30 months straks

BitCoin Mining is an IDEA people can believe te, similar to the idea that “penny auctions are very profitable”, similar to Charles Ponzi’s original idea (he didn’t make any profit from it, but people believed he did).

Ter reality, the more power people throw te the more difficult it will get. To make it profitable, you will need to make all the others reduce the power they throw te.

I’ve updated my blog postbode to reflect the reality of mining difficulty.

Paying you back for 1000 days… What utter bull****.

According to the chart, I won’t Everzwijn make back enough money to pay for the hardware. Te fact, by day 110 I won’t even make back enough to pay for violet wand.

You do not need to know calculus to know that. Cost of that mining hardware that needs to be run around the clock to mine bitcoins will never let you be te the profit unless you are brilliant mathematician who designs his own algorithms does his own hardware repairs.

If such people exist and willing to do the work, they are wise enough not to borrow money at ponzi scheme rates.

If the SEC says it is a Ponzi scheme then I will zekering investing.But until they do there is nothing illegal about this.

Contrary tho the popular belief among ponzi players, unless you are investing ter registered securities, you are supposed to do due diligence and check ins and outs of “opportunity”. If you did not do so, you will have to capitulate televisiekanaal winnings.

If you recruited more people knowing that you are playing “Internet casino” spil “Big boy”, you can be and should be financially and criminally responsible.

So you see, this situation is not that ordinary and carefree spil “I am free to do anything I want” unless Big Brother tells mij not to.

Boris: You do not need to know calculus to know that (unfeasibility of Bitcoin mining).

Ah, but you need to know *enough* about Bitcoins to know *that* (unfeasibility).

Spil the cliche goes, there truly is “know just enough to be dangerous” (to oneself and others). And vast majority of people out there don’t know enough about anything, from Ebola to Bitcoin, so they read some newspaper stuff or some scam recruitment speeches, thus they now “know enough to be dangerous (to themselves)”.

Spil the cliche goes, there indeed is “know just enough to be dangerous”

That the best expression that main character uses on “Pawn Stars” TV display.

And yes, you have to know some math to understand mining curve to see how coin mining became exponentially more difficult and costly with time.

And there’s a scientific term for this: the “Dunning-Kruger effect”.

he Dunning–Kruger effect is a cognitive bias manifesting ter unskilled individuals suffering from illusory superiority, mistakenly rating their capability much higher than is accurate. This bias is attributed to a metacognitive inability of the unskilled to recognize their ineptitude.

David Dunning and Justin Kruger of Cornell University conclude, “the miscalibration of the incompetent stems from an error about the self, whereas the miscalibration of the very competent stems from an error about others”.

Basically, unskilled idiots are so sure of their own (te)abilities they went ahead and make a idiot of themselves.

But Socrates said it very first: “I know that I know nothing.”

Or perhaps, Confucius? “Real skill is to know the extent of one’s ignorance.”

Somebody please zekering this stud, T Lamont SIlver, He is an American hiding te the DR, he is out on the WWW, he is WORSE than Bernie Madoff

Please look Ten:00 minutes ter. He is pillaging people for a “founders pool” $3500 to get a 1% share “SEC Helllo”

He says, “it could be big, ONLY 500 people te the founders pool, only if its not gonna hurt your family”

He also says ” you gotta trust mij on this” what a sick Man

He is providing tremendous misinformation, lounging and hyping, he needs to be te jail. Witness it all, he is talking out of his arse, he is so greedy to get peoples money he does not even know what he is talking about, send this to the DR authorities ASAP please, they’ll F him up

This is wrong ter so many ways

Oh also, this dude might have a lower IQ than Todd “pyramid” Hirsh

I agree 100% with you. I don’t understand why people like this crook get to love freedom. He needs to be thrown behind caf.

@Todd see who is talking? with RCCV1 and RCCV2 stuck and dying?

I’m not an accomplished te Bitcoin mining but isn’t there a public loom of all mining transactions? So wouldn’t it be known if they actually mine or not?

Whether any mining takes place is incidental to the BitClub Network compensation project.

They might very well rent a mining equipment but that has nothing to do with how money flows te and out of the company.

Rubin ,Kay: I’m not an accomplished ter Bitcoin mining but isn’t there a public loom of all mining transactions? So wouldn’t it be known if they actually mine or not?

You can view the overall mining activity of the major mining pools, but there’s no way to verify claims that BCN are te one of those pools. And my bets are they are NOT… because the economics of mining makes no sense, due to enlargening difficulty (about 15% every 15 days).

You have to keep adding hardware, and you’ll never make back the cost of hardware, based on the examples I can run, using a $2000 “investment” into hardware.

BC mining only makes sense with EXISTING hardware, which will be worth less and less. And it begs the question… if those people *have* the hardware, why aren’t they mining instead of renting out the CPU power?

What type of transparency do wij need to see to know their true intentions?

Rubin ,Kay: What type of transparency do wij need to see to know their true intentions?

What pool are they using and how much Gigahashes/sec are they contributing? How much have they mined, and how much expansion ter GHps are they programma to add vanaf $1000?

My bet is none, zero, zero, and zero.

What out for all the scamming pimps today! This ponzi scam is launching to day and will be pimped hard by the likes of Brian Spatola, Strosdegoz the scammer, Rechttoe AAstheimer and of course T. LeMont Silver!

I will be certainly pointing the Feds and all other authorities to this scam and hopefully have it shut down before too many people lose their money to the scumbag pimps!

I know Brain Spatola personally. I find Brian to be a very good and fair person.

I do not work for the SEC but I do work for the Federal Reserve Bankgebouw. I find the comments made on this postbode about BitClub, mining, etc. spil incorrect.

I do not work for the SEC but I do work for the Federal Reserve Canap. I find the comments made on this postbode about BitClub spil incorrect.

If true, that is truly alarming.

You vereiste be a janitor there or something.

I find this article downright funny. I know the owners personally and I am about to sign up. I am not into Zeek and never have bot. The fellow that possesses this is anonymous for one reason – bitcoin is decentralized and he likes that fact.

The possessor is an American and he lives te the USA. The sites are indeed hosted te the Netherlands and the mine is te Europe. I have seen it firsthand.

You idiots bashing people for no reason and with no information is hilarious. And please do not think Todd Hirsch is part of this te any way spil he is a crook. Wij do not screw people. EVERY SINGLE PERSON IS MAKING MONEY DUE TO THE MINES! NO BULLSHIT.

(Ozedit: Offtopic comments liquidated)

BCN is a solid company and wasgoed mining for Two years BEFORE the MLM side went into effect. Seems like there are alot of people here talking Bitcoin but I doubt any of you own any.

There is nto presently any type of SEC regulation regarding Bitcoin. People do not sent te specie or use credit cards to join. They use Bitcoin. Get your story straight and for Maker’s sake – learn something onberispelijk about Bitcoin before you bump your gums.

Every single person that has joined BCN has made money off the mine they have invested ter. It may be puny but overheen time it adds up. It’s called compounding.

You need to zekering thinking everyone that withholds their name is hiding. The proprietor is NOT hiding – he is liking the privacy bitcoin provides spil a decentralized currency.

I know the owners personally and I am about to sign up. I am not into Zeek and never have bot. The fellow that wields this is anonymous for one reason

Because he thinks that will keep the SEC off his back. Won’t work and only confirms the scammy nature of the business.

You idiots bashing people for no reason and with no information is hilarious.

The BitClub Network compensation project is known. There’s no need to “bash” anything, demonstrable scam is evident.

EVERY SINGLE PERSON IS MAKING MONEY DUE TO THE MINES! NO BULLSHIT.

Right. Just like every single person wasgoed making money ter Zeek selling bids.

BCN is a solid company and wasgoed mining for Two years BEFORE the MLM side went into effect. Seems like there are alot of people here talking Bitcoin but I doubt any of you own any

BitCoin is not the punt here, the suggesting of unregistered securities is (1000 day >100% ROIs).

The “owner”, having bot ter Zeek Prizes, should know all about that.

The holder is NOT hiding – he is liking the privacy bitcoin provides spil a decentralized currency.

Of course the proprietor is hiding. There is no excuse for the possessor of an MLM company to hide. It’s a phat crimson flag that should not be overlooked.

@ Constantine I do not know who you are but you need to witness your mouth and explain why you called mij a “crook” I actually am not panicked to waterput my name on anything I create or join.

I actually agree with OZ for once, the possessor(s) of BitClubNetwork are “hiding” who wields the company. They do not display the miners they own or let you know what pools they are mining te. They are most likely buying 3rd party mining and do not own a mining center.

The other problem is that only 40% of the money goes to mining and 60% goes into the binary comp project. The 1000 days shares are a joke and it is a terrible “passive” comp project.

That being said, I do not think it is a 100% “scam” but there are crimson flags and the owners are “hiding” who they are.

Todd ,Hirsch: I actually am not frightened to waterput my name on anything I create or join.

What does that prove ??

Neither were Bowdoin, Burks or Madoff

Constantine: You need to zekering thinking everyone that withholds their name is hiding.

Moola’s CEO split, then exposed to the world he had legally switched his name to hide his past, and he’s gone with 1.Five mil worth of Dogecoins.

Any one withholding their real name are at the risk of doing the same.

Todd ,Hirsch: I actually am not startled to waterput my name on anything I create or join.

Being vain doesn’t preclude you from being a crook. Kevin Trudeau is a good example.

So what is the latest status on BCN? Are they still operational?

Toevluchthaven’t heard anything on my end, seems to have fizzled out.

Being pitched right now for BCN. Yes. No information to be found about the owners, HQ, mining pools.

Has anyone heard of Onecoin?

Has anyone heard of Onecoin?

OneCoin the Ponzi scheme or another OneCoin?

No that is the one. Thanks.

So what’s the word on Bitclub. They seem to be up and running and fully functional now. No one shut them down or anything.

Same word spil when I wrote the review.

Getting shut down is neither here strafgevangenis there.

Hi. Just got Two email updates from BitClub Network. Dreamed to know if this informatie would give any credibility to the companies legitimacy.

1st emails shows photos and movies of the hardware and servers being used for the company.

2nd email informs that BCN will embark appearing te the webpagina blockchain.informatie/pools spil BitClub Network instead of just an IP address due to the mighty hash rates.

Here is an samenvatting from the email:

Once our pool is recognized and wij are demonstrating on the chart above you will see every Genesis block that wij mine stamped with BitClub Network.

This will not only provide indisputable proof and verification of our mining, but it will give us amazing exposure within the Bitcoin world.

Each block will be recorded te the blockchain forever and wij can verbinding directly to EVERY BLOCK MINED by our pool.

Whatever token amount of BitCoin mining is or isn’t taking place cannot possibly provide enough revenue to voorkant 1000 day ROIs on thousands of dollars for a potentially unlimited number of affiliates.

The only thing that scales here is the amount of fresh affiliates coming ter. BitCoin mining stays the same (and has diminishing comebacks due to the protocol).

Even if they add more servers from time to time, it’s still visible that the majority of funds being paid out spil a ROI is being sourced from fresh affiliate investment.

The BitCoin mining is and always has bot smoke and mirrors. All you have to do is ask management how much of the ROI paid out is sourced from BitCoin mining.

Thesis guys came overheen from Zeek, all they’re doing is mimicking the “Ponzi scheme linked to irrelevant anything” business prototype.

Rubin ,Kay, quoting BCN: This will not only provide unquestionable proof and verification of our mining

It’s more likely to verify they ain’t mining ENOUGH BT’s to pay all of you.

I know you guys always want to find a catch but this is THE indisputable proof.

You guys think you are always right… you are no gods… you don’t know nothing about Bitclub.

You just assume from other ponzies this is another one because you don’t know nothing

Keep guessing but this is a indisputable proof that they are doing the mining.

Very first public mining proof on blockchain.informatie below

After you’ve clicked the listig below you will see a graph and look under “Known Blocks.” and find “Bitclub Network” there!

This is a 3rd party public hard evidence that Bitclub Network is creating you passive profits from real crypto currency mining!

Known Blocks BitClub Network Two

How many times does it have to be said?

Whatever token mining activity may or may not be taking place is obviously not funding the 1000 day ROIs being paid out.

I have no idea how much money Two blocks of BitCoin mining translates overheen to, but you can bet it’s not going to come anywhere near close to providing a significant percentage of the ROIs BitClub Network are paying their affiliates.

Ditto the recruitment commissions (pyramid scheme backend).

Recyling fresh affiliate fees to pay existing investors with a token amount of mining does not make a Ponzi scheme legit.

(Ozedit: Feel free to address the fact that whatever mining is taking place is obviously not paying the ROIs promised by BitClub Network. Otherwise please don’t waste everybody’s time with marketing spam.)

“Penny auctions” wasgoed popular te the news. Set up a ponzi based on token penny auctions.

“Bitcoin mining” is popular te the news. Set up a ponzi based on token Bitcoin mining.

Forex trading is one of the fattest industries ter the world. set up a ponzi that pretends to be a successful forex trader.

Price of gold is rising. Set up a ponzi based on non-existant gold trading.

Big money te gas &, oil exploration. Set up a ponzu pretending to be a gas &, oil mining company.

“Crowdfunding” becoming popular. Set up a ponzi based on some crowdfunding concept that sounds good te theory.

“Arbitrage sports bets” can’t lose. Set up a ponzi pretending to be a successful sports better.

There are a few very successful well known social networks. Set up a fresh social network and charge a monthly toverfee and voorkoop “get paid for what you already do on Facebook”.

Anyone noticed thesis scams come and go all the time?

You can track BitClub network mining pool on BlockChain

366401 (Main Chain) 2015-07-22 06:42:42 BitClub Network 000000000000000007f6f3ab844d53f172ea8915d83fa60eaf677aaac28fe2e9

Here you can see how many bitcoins have bot mined by BitClub Notwork

spil you can see- No Inputs (Freshly Generated Coins) 155fzsEBHy9Ri2bMQ8uuuR3tv1YzcDywd4 – (Unspent) 25.01727664 BTC

or $ 6,924.78 at time of transaction.

Do you think the block chain could be manipulated by anyone? I don`t know but just by looking at the Bitcoin block Chain it looks like BitClub Network is mining.

Do you think the block chain could be manipulated by anyone?

Do you think the mining has anything to do with commissions paid out?

Total Disclosure, I have a pool position with BitClub Network with no one under mij.

I don`t know but if no fresh people where to join I think BitClub Network will be able to pay out to all existing members. I have bot receiving bitcoin since I joined only from the pool.

I have sent a request to bitclub network support to take out the referral portion of the biz. will postbode reply when I get it.

I don`t know but if no fresh people where to join I think BitClub Network will be able to pay out to all existing members.

Ya think? So why do they need your money at all then?

I don’t doubt some mining operations are fed back into the business, but spil far spil the MLM chance goes this is all about recruitment, and those have nothing to do with the mining operations.

Here you can see how many bitcoins have bot mined by BitClub Notwork

I looked at the Four last blocks mined by Bitclub Network. They seem to mine appr. 0.5% – 1% of the total number of blocks. Is that onberispelijk?

Height Time Hash

366401 (Main Chain) 2015-07-22 06:42:42 (1:214)

366187 (Main Chain) 2015-07-20 Eighteen:Ten:15 (1:142)

366045 (Main Chain) 2015-07-19 Eighteen:34:44 (1:165)

365880 (Main Chain) 2015-07-18 15:40:20

So how much BTC have they mined since their beginning?

Vs. how much $$$ they had taken ter?

Sounds like a money LOSING proposition.

Are they yielding enough BTC on average for the amount of Gigahashes they claimed to be putting te vs. other pools?

Is it even a televisiekanaal positive operation? Are they yielding enough BTCs to justify the costs?

I don`t know how much fiat Bitclub Network has taken ter but you can see how much BTC Bitclub Network has made since Jan 27, 2015

Jan 27, 2015 @ 05:26 pm 3e331916606a1caa23441eb57f9d…

Jul 11, 2015 @ 02:48 pm 058e838ec01694b65d2f7d15a192…

Hash 160 2CC2B87A28C8A097F48FCC1D468CED6E7D39958D

Viewed 63 times

USD Value $603,723.59

M Norway I think you are onberispelijk.

OZ, according to what is on webinars the people running Bitclub Network needed peoples money to purchase more computing power and to expand the mining power.

I think it will not be to long before the fresh mining place is online. wij where told it would be located ter Iceland.

the power 100% green and renewable clean energy, but it’s also cheap and it offers a real long term profitable mining solution.

bitcoiner: according to what is on webinars the people running Bitclub Network needed peoples money to purchase more computing power

No offense but raising capital this way is illegal. If the mining operation wasgoed profitable and legitimate the owners should be leaning overheen rearwards to be SEC compliant and yet clearly they are not even attempting to do that.

There are many ways to legitimately raise funds for a profitable business which has outstanding prospects and yet here wij have known scam promoters, again using webinars to raise money from the unsophisticated…. and doing it ter a way that leaves them entirely open to an agency shutdown.

Wanna bet how this completes.

…or just how soon it finishes.

OZ, according to what is on webinars the people running Bitclub Network needed peoples money to purchase more computing power and to expand the mining power.

So why do they need it now? Why not take a loan out from the bankgebouw, pay it back with mining and then use those funds to build the business?

There’s obviously a disconnect inbetween BitClub Network’s mining activities and the commissions they pay out, therein lies the problem (fresh affiliate funds being recycled to pay off existing investors).

And those involved have a history with Ponzi schemes… so Two+Two=Five?

Jan 27, 2015 @ 05:26 pm

The review is from August 30 2014.

Comments up to postbode #70 are from before January 27 2015.

Comments #71 etc. are from after January 2015.

since I am fresh at this mlm stuff and wasgoed not aware that the people who began this one have a history with Ponzi schemes. Now that I am ter will not promote it will postbode how long this one pays mij for my mining pool shares. I can`t complain to any Authorities spil I receive bitcoin will be interesting to see how long it will be til I can take out my initial spend.

since I am fresh at this mlm stuff and wasgoed not aware that the people who began this one have a history with Ponzi schemes.

I only checked YOUR information plus some extra information I found via the same listig. And I verified the information (I found BitClub Network among the miners). It wasgoed accepted spil “relevant enough”.

Now that I am te will not promote it will postbode how long this one pays mij for my mining pool shares.

Most likely a good idea. This isn’t a promotional webpagina. It more often has an opposite function.

The mining here is most likely a facade, just like Zeekler.com wasgoed for ZeekRewards. “It did exist and it did work, but it didn’t generate much profit that could be used to pay the affiliates”.

I am too into Bitclub network and its bot excellent!! Getting paidevery day for Mining and spil well spil the commissions. Very blessed with the company I know a few people who are doing this total time.

I also know the founders of the company which are superb people spil well..

Just dreamed to clarify, that this is Not a scam or Ponzi scheme.

Getting paidevery day for Mining and spil well spil the commissions.

I also know the founders of the company.

This is Not a scam or Ponzi scheme.

Those aren’t very persuading arguments. Where do you think the funds for “other commissions” are coming from?

Hi, it would be good if Joey could share who thesis “great people” are.

The poster on here ‘bitcoiner’ has just bot accused by BCN of attempting to defraud them of 20 btc and had his account suspended and money stolen by them. See here: bitcointalk.org/index.php?topic=1152263.msg12187895#msg12187895

Shills for this rip off make a good play of “Getting paid every day” “Earning while I’m asleep” etc. They don’t mention that on a standard overeenkomst with no referral income this is about 50 cents a day vanaf $500.

Joey: Getting paidevery day for Mining

To be totally accurate, your statement should read:

Hows it going Guys? Very first of all thank you for your concerns and opinions. Everyone is entitled to their own Opinions.

Oz: Those aren’t very persuading arguments. Where do you think the funds for “other commissions” are coming from?

Wij are truly a mining company. A loterijlot of our Bitcoins come from the mines. Here is our movie with our mining setup:

The vision for the company wasgoed not only to have big time venture capitalist invest into mining equipment but also your average person to partake te mining, spil wij know mining systems aren’t cheap.

Also with a referral system implemented it gives everyone a chance to make some income and thus providing people jobs to go out their everyday lives. It has bot working excellent for a loterijlot of people ter the company. Their will always be Negativeness on MLM programs, because of scammers.

Here is also The blocks wij succesnummer:

Wij are working on Distributing Bitcoin ATMs to various countries spil well spil merchant services.

Also wij are opening the Very first Public Mining facility te Iceland for the public to see.

Wij also share a knot with Antpool, one of the largest mining companies out there. Let mij ask you this, Why do they remain anonymous too?

Hi, it would be good if Joey could share who thesis “great people” are.

The poster on here ‘bitcoiner’ has just bot accused by BCN of attempting to defraud them of 20 btc and had his account suspended and money stolen by them. See here:

Shills for this rip off make a fine play of “Getting paid every day” “Earning while I’m asleep” etc. They don’t mention that on a standard overeenkomst with no referral income this is about 50 cents a day vanaf $500.

Its not ter my position to expose who thesis persons are.

Reading your postbode on Bitcointalk tells mij that you do have te fact done your research on the company and pretty much knows how it works.

Please understand that their are scammers out there that impose Bitclub Network and attempt to scam us and even other people.

Yes a 99$ membership is LIFETIME which is fantastic, It gives everyone a chance to earn income even if they arent good at MLMs.

Of course referrals is where you make the most. but with the repurchases of each share, depending on what share you buy, your contract never finishes. even if your very first 1000days are up, you still have the other shares of that same mine that you have, it renews itself.

Yes its a one time toverfee, but their are other mining shares you can purchase, each and every share renews itself from repurchases.

its an oppertunity for everyone to have either a side source of income or can make it their utter time.

Thank you guys I appreciate your time. Im here to listen and have a discussion.

Also with a referral system implemented it gives everyone a chance to make some income

Opinions be damned, where are the referral commission funds coming from? (Hint: It’s not mining).

Why is that significant?

Of course referrals is where you make the most.

Therein lies the fraud.

Whatever mining may or may not be taking place does not justify pyramid-scheme recruitment commissions.

Effortless way to lodge this.

Oz, what do you need to see to accept this spil a legit MLM company?

Joey, just get Oz what he asks for.

Retail sales or a product or service to retail customers, with commissions paid out on said sales (no lip-service psedo-compliance token offerings that nobody markets or sells).

I am ter BCN and I love it. Very first real overeenkomst I have seen where everyone makes money passively. Very first and foremost I mined bitcoin prior to being with them and they do indeed know their shit.

For someone to automatically ASSume they are frauds is fairly funny. I spotted the mine te Bulgaria and eyed the plans for the fresh mine ter Iceland.

If you are not ter you should be.

For someone to automatically ASSume they are frauds is fairly funny.

Not so much funny spil stupid.

Ditto idiots who gloss overheen the business proefje and disregard the glaring compliance issues.

There is nothing passive about getting paid to recruit fresh affiliates and have zero retail activity taking place.

If you want to know what a fraudulent cryptocurrency mine is go take a look at (Ozedit: Offtopic derail attempts eliminated)

OZ you wrote: “There is nothing passive about getting paid to recruit fresh affiliates and have zero retail activity take place.”

Retail is ALWAYS taking place. One time buy-in and you automatically repurchase shares.

You know nothing about BCN obviously.

One time buy-in and you automatically repurchase shares.

Affiliate sales != retail sales.

Obviously you know nothing about compliance.

And please note that anything further that does not specifically relate to BitClub Network will be marked spil spam.

Oz I know everything about compliance. Jeffrey Babener is ter my investment group and I talk to him frequently.

Ask him about being ter an MLM chance with zero retail activity that pays recruitment commissions some time.

There is a ton of retail activity moron. I asked Jeff before I joined. He may even join!

Bitcoin is deregulated and not a security so no worries with SEC>, Nobody sells this spil an investment if they are clever and the top guys are.

Furthermore, no contant is accepted ter any form! No Credit Cards or anything!

GET YOUR FACTS STRAIGHT!

There is no retail activity taking place te BitClub Network.

Recruiting affiliates != retail sales.

Bitcoin is deregulated and not a security so no worries with SEC

You didn’t join “BitCoin”, you joined BitClub Network who sell “mining pool” positions which pay a passive ROI. That is very much the definition of a securities suggesting.

TheTruth: There is a ton of retail activity moron.

Name-calling, wow. Ran out of logic?

If you actually are doing bitcoin mining, you are an Precies parallel to the SEC vs. Howey, spil you are managing an INVESTMENT.

Which basically means you got advice from the WRONG lawyer. You need SEC lawyer, not MLM lawyer.

And given that Feds can and DID shut down Silk Road, a place that only took Bitcoins… your belief ter Feds can’t touch you is misplaced.

TheTruth: I asked Jeff before I joined. He may even join!

see, now your’e just bullshitting!

There is a ton of retail activity moron. I asked Jeff before I joined. He may even join!

There is MINING going on, from about January 2015 (IIRC).

I checked it te postbode #82, but I don’t recall any details.

Oz I know everything about compliance. Jeffrey Babener is te my investment group and I talk to him frequently.

Wij have talked to him too. He didn’t mention anything about your compliance skill. Maybe he didn’t recognize it ter the same way you see it.

I can accept Jeffrey Babener spil a source if he has written something about it.

Oz I know everything about compliance. Jeffrey Babener is ter my investment group and I talk to him frequently.

Jeff Babener didn’t mention anything about you or your compliance skill on his webstek either.

If the profit comes from legitimate business activities then it usually isn’t a problem, i.e. it won’t be seen spil “harmful to consumers” or “harmful to investors”.

It may still be seen spil “unregistered security” = harmful anyway because of its potential to harm investors..

There is MINING going on, from about January 2015 (IIRC)

BitClub Network has presently mined 50 blocks since January 2015.

50 blocks ×, 25 BTC = 1250 BTC

1250 BTC ×, $240 = $300,000 total production

$300,000 ×, 80% = $240,000 estimated costs

$300,000 ×, 20% profit = $60,000 televisiekanaal estimated profit from mining

Te 8 months (January 2015 – August 2015)

$60,000 / 8 months = $7,500 vanaf month, average profit

Te 12 months (August 2014 – August 2015)

$60,000 / 12 = $Five,000 vanaf month

Lifetime Bitcoin project

Lifetime Bitcoin project

Lifetime Bitcoin project

Interesting comment from another pool holder:

Most of the blocks discovered by this pool are fake, only Five are actually blocks they have discovered.

Further input from others with pool practice (this with ref to 3rd parties pointing at their pool):

Now the pool is ‘free’ whats going to toebijten is this.

A few blocks will be mined sure.. might look good, people getting paid, then they are going to embark cashing out, having fake miners taking the highest percentage of a block prize, when indeed someone fair could be running at 1 TH/s and only getting 1% of that prize and maybe they were the one to find it.

I ensure their frontend is lounging.

I read overheen a lotsbestemming of the comments above and considered Bitclub Network cautiously before becoming a member.

I ended up signing up spil a Founder meaning I paid $3599 USD te bitcoin to join all thee pools for 1000 days.

Ten days after joining I began to see my share of mining profits te my account on the Bitclub Network webpagina.

Once I reach 1/5th of a bitcoin (0.20) I stir the funds to my wallet on another webpagina so the funds are held by a third party. This permits mij to hold the coins or convert them to USD.

After 40 days of mining payments I have bot paid about 0.75 of a bitcoin or $250 USD based on the current bitcoin price. Of this I have bot able to withdraw 0.45 ($150 USD) to my third party wallet webpagina.

If you do the math te 1000 days based on the current price of bitcoin staying the same I will have made back the cost of the shares plus a few hundred dollars and my required reinvestment will have purchased mij a fresh share te all three pools which will proceed payments from mining profits te the future.

While I realize that is not a assure I have seen improved mining results and expect them to proceed to improve overheen time. I am also hoping to see an increase ter the bitcoin price.

Both of thesis factors will further increase my come back te Bitclub Network.

I don’t participate ter the binary yet but it is another source of income te the club spil well spil Clubcoin.

When I joined spil a Founder I wasgoed given 7,100 Clubcoins and a assure that I could sell them at a ondergrens of $0.05 or $355 but they can also increase te value.

Should Clubcoin go to $0.50 I could sell for a 100% come back on my enrollment toverfee. That is yet to be seen because it is still being launched but all avenues that make Bitclub Network the right decision for mij.

Spil I looked into joining information about ROI wasgoed hard to find online and I didn’t see comments above that talent facts, only suspicions so I dreamed to give others the information I now know.

Hopefully this will help to make an informed decision if anyone out there is on the fence.

If anyone has any questions please reply with your question, I also welcome comments but please make you comments useful to myself and others.

I cautiously track every block found by the Bitclub mining operation spil well spil my daily profits ter each pool and I’m blessed to response any questions you might have.

Today’s bitcoin price used for the calculations above is $333, just For Your Information.

If you do the math ter 1000 days based on the current price of bitcoin staying the same I will have made back the cost of the shares plus a few hundred dollars and my required reinvestment

You do realize that, token mining income aside, the majority of your ROI is funded by freshly invested funds right? Just like your initial $3599 investment wasgoed used to pay off earlier investors.

Again, the only thing backing “ClubCoin” is affiliate funds invested versus whatever is being withdrawn. Outside of BitClub Network they are worthless – but it does give the scheme a way to “pay out” affiliates without actually paying any real money out.

String the suckers along with promises of riches (“Should Clubcoin go to $0.50 I could sell for a 100% terugwedstrijd on my enrollment toverfee.”), and you fend off what would otherwise be metselspecie liabilities created for that much longer.

Spil I looked into joining information about ROI wasgoed hard to find online and I didn’t see comments above that talent facts

Yet I bet you have no seen any ongezouten correlation inbetween purported mining activities and your ROI, precisely accounted for dollar for dollar.

But uh yeah, s’long spil your getting paid – fuck whoever joins after you, right?

I joined overheen a year ago with 500.00 and have seen a very petite come back.

The last few days I have not bot able to loom te to my account and they do not response my emails.

I don’t want to involved into an argument here, just want to reflect Mike M post…

Mike, if you joined a year ago, then you earned around 1.61840 BTC. This is based on the current price, 614 USD.

Of course you had to re-invest 50% into partial shares, that means your current profit, what you can specie out is overheen 300 USD.

Friend, this is around 60% terugwedstrijd to your investment… and still Two years left from the program. So what the bloody hell is your problem?

You can not login? Truly BS. You can login. There wasgoed maybe 1 day downtime ter one year.

Support is indeed good, they are always answering within 24 hours. You just perhaps don’t have a clue where you can find the answer…

For anyone looking into Bitclub, it has strong ties to the Banners Broker management.

To be a manager te Banners Broker meant that thesis people were ter charge of a single country, they had an office and held numerous weekly meetings tricking people into investing. For doing this they made a percentage of any fresh money going into BB.

Mateusz Guzda – Poland Banners Broker manager

Neale Pocock – Spain Banners Broker manager

Paul McCarthy – Ireland Banners Broker manager

Ayup Ali – Bangladesh Banners Broker manager

Chris Cronin – Big BB recruiter

All the above are involved te Bitclub. Guzda and McCarthy are near the top.

M Norway: There is MINING going on, from about January 2015 (IIRC)

Also BitClub is sponsoring at this event. insidebitcoins.com/seoul/2015

M Norway: There is MINING going on, from about January 2015 (IIRC)

Also BitClub is sponsoring at this event. insidebitcoins.com/seoul/2015

The mining I mentioned te postbode #114 wasgoed too insignificant to support any payouts to any large number of affiliates, but it did exist.

It means that they use the money coming ter from fresh investors to support most of the payouts.

I wasgoed a Bitcoin miner for a year (from 8-2014 to 9-2015). I paid $4000 for a top notch utter mining pc from an upstart mining pool company.

I say “full” because you could purchase “half” machines for half the price, which mined half the coin that the total ones do.

During this time, I paid $200 te hosting/electro-therapy costs. The company covered the very first month of expenses and I had to pay the surplus. At the end of a utter year, I had the option to sell the machine back to the company minus the profits from what my machine had mined.

I ended up losing $1600, all te, because the price of Bitcoin kept falling. I never sustained enough earnings to voorkant those expenses and make it worth while. I wasgoed earning around $80/mo and paying $120/mo.

Unnecessary to say, I couldn’t wait to sell the thing back. Now I see this BitCoin Network and I think, “Wow – they can pay out BitCoin without mij having to own my own machine?” So I dreamed to know how.

Then they went all into this binary compensation program pay project without explaining to mij how the Two go together. That’s when it lost mij.

BitClub Network’s binary is the voertuig they take fresh affiliate money through and use it to pay off existing affiliates.

Yeah, it’s got nothing to do with mining. Never has.

Mike ,J ,Anthony: Now I see this BitCoin Network and I think, “Wow – they can pay out BitCoin without mij having to own my own machine?” So I dreamed to know how.

The “obvious” response is they don’t. And I said that more than a year ago.

You guys either vensterluik or just simply not willing to accept the fact that BCN is the most semi-transparent company on the market.

On the blockchain you can exactly see how much bitcoin BCN wasgoed mined so far : 7,825.15192024 BTC with today”s price of 456 USD this is more than Three.Five million.

I would not call that insignificant 100% of that is paid to BCN members.

The price of joining to BCN is not about to buy bitcoin, it is for buying share te the mining pool.

When someone join, the company paying out about 40% comission, keep some profit and use the surplus for buying fresh mining hardware. I can not see any problem with this math at all…

On the blockchain you can exactly see how much bitcoin BCN wasgoed mined so far : 7,825.15192024 BTC with today”s price of 456 USD this is more than Trio.Five million.

Which blockchain would that be? You and I both know BCN hasn’t mined $Trio.Five million te Bitcoin.

Whatever token mining takes place is dwarfed by the recycling of affiliate fees.

Oz, They have mined 222 blocks blocktrail.com/BTC/pool/bitclubnetwork/1

222 blocks = $Trio.Five million USD?

Yep $Three.Five million this is there bitcoin address blockchain.informatie/address/155fzsEBHy9Ri2bMQ8uuuR3tv1YzcDywd4

And this hasn’t bot paid out because…?

The question wasgoed about mining, wasn’t it? They have mined 222 blocks which is $Trio.Five million.

Yeah, and this hasn’t bot paid out because…?

Recruitment commissions eat into most of the funds affiliates pay into the scheme. Who’s actually paying for the mining? Who’s profiting from it? Why is there supposedly a large amount of BTC sitting there doing nothing?

Doesn’t indeed add up, does it.

Spil always OZ you have to find an angle. You said “Which blockchain would that be? You and I both know BCN hasn’t mined $Trio.Five million te Bitcoin”.

Cool. Now explain why none of it adds up.

All I see is coins going into some random BTC address, that may or may not have anything to do with BitClub Network.

Within the setting of an MLM chance that affiliates are paying fees into, none of it adds up.

Shall wij embark again? 222 blocks, only going back 9 months under the name Bit Club Network. Do math Oz! blocktrail.com/BTC/pool/bitclubnetwork/1

Cool. Now explain why none of it adds up.

All I see is coins going into some random BTC address, that may or may not have anything to do with BitClub Network.

Within the setting of an MLM chance that affiliates are paying fees into, none of it adds up.

I wrote this review overheen a year and a half ago.

You can go on about blocks all you want, meantime all you’ve shown is some random BTC address and failed to explain why no coins have bot paid out.

For an MLM chance claiming its affiliates are participating ter a BTC mining pool, the affiliates (outside of recruitment commissions) don’t seem to have much to display for it.

(Ozedit: Reaction the damn question.)

Yo wij get it. Blockchains and random BTC accounts.

Now explain how it all adds up within the setting of an MLM chance, because it clearly doesn’t.

Gabe: The price of joining to BCN is not about to buy bitcoin, it is for buying share ter the mining pool.

And WHICH part of “the math does not work (for paid mining pool)” do you not understand?

Jane: Shall wij begin again? 222 blocks, only going back 9 months under the name Bit Club Network. Do math

Which part about “if they have the hardware why aren’t they mining for themselves rather than paying you” do you not understand?

And if they are RENTING servers from others (and reports are they are renting servers from Germany, Japan, etc.) it makes even LESS sense.

Yeah, and this hasn’t bot paid out because…?

Oz, who the hell told you this hasn’t bot paid out?? Anyone can request a withdrawal anytime.

The Bitcoin then deposited into you OWN wallet within 24 hours. So again, where is your proof, that this hasn’t paid out? I have a dozens of proof that is INDEED paid out. R

Regarding your other comment to blockchain, that just a “bunch of random bitcoin address” i just suggest one thing: please go and educate yourself about a technology which is now major banks considering to apply te there own structure.

Oz, who the hell told you this hasn’t bot paid out??

The account that wasgoed linked.

Anyone can request a withdrawal anytime.

Of course, but the point of contention here is what are they withdrawing. Hint: That linked BitCoin account had no withdrawals I could see.

If all you have are affiliates depositing funds and those who recruited the most paying out… yeah, you know what that is – regardless of whether the funds are converted into BTC or not (independent from the mining activity).

I have a dozens of proof that is INDEED paid out.

And how many products and/or services have you sold to retail customers then?

Regarding your other comment to blockchain

I didn’t comment about the Blockchain, I pointed out the random BitCoin address linked wasgoed just that – random.

I suggest you take some of those recruitment commissions and spend them on reading lessons.

I have bot considering BitClub Network for a few weeks simply because I like the idea of being involved te Bitcoin other than simply holding it spil an investment. I just found this thread doing my DD and it talent mij Two lines of research so thanks to all contributors.

I am by no means an experienced ter Bitcoin mining OR MLM schemes, but I do have some individual success with the profit sharing specimen and I can say that the compensation project got mij a little worried!

It makes it very hard to figure out the math and unless it is clear that the income generated from retail sales or investment comeback can lightly voorkant the payouts and then some, the specimen is unsustainable.

The programs I am involved with have a very straight forward and plain commission point for referral purchases… none of this multi-legged, bilateral matrix to infinity with Three varying cash-out and forced-reentry % levels.

Just give mij $Five when someone I refer buys $50 worth of goods and services… that I can do the math on

Besides lacking reliable gegevens to prove the concept, some questionable associations were made by Guest and others that warrant verification.

If they prove valid then the gig is up for my part. If it looks like a Duck and quacks like a Duck…

That being said I still hope to be proven wrong… I just like the idea, Lol. So keep reporting fresh findings please and thanks to all.

I am by no means an accomplished ter Bitcoin mining OR MLM schemes, but I do have some individual success with the profit sharing monster and I can say that the compensation project got mij a little worried!

It makes it very hard to figure out the math and unless it is clear that the income generated from retail sales or investment comeback can lightly voorkant the payouts and then some, the proefje is unsustainable.

This is what I am thinking when I very first observed their movies. The very first one talked about how superb Bitcoin is and how it works and all.

But when I looked at their Comp Project movie, (with an open mind I might add, because I like the idea of not needing my own machine to mine Bitcoin), I wasgoed fully expecting it tell mij how they are able to pay mij with Bitcoin, but all it talked about wasgoed this “binary compensation plan” mumbo-jumbo which I could care less about!

I wasgoed still waiting for the part that told mij how the Bitcoin mining tied into this comp project but it never came.

I know they have a totally separate movie talking about Bitcoin mining but that has nothing to do with any binary comp project. So they are attempting to tie a Binary MLM together with Bitcoin Mining but I still don’t understand how they are able to do this.

It just doesn’t add up, spil Oz said -or- to proceed my analogy, they just don’t tie together. They are just Two different things and that is what worries mij!

Meet the the illusive holder of BitClub you may also recall him from such hits spil BlockBuzz, Greenzap and Pixmeup plus…drum roll please…….homefacts.com/offender-detail/NV1000532927/Albert-Medlin-Russ.html

I see this topic has bot embarked Two years ago, so what is the conclusion on BitClub, if any? Is it worth to invest or not?

I’ve bot te it for a duo months now, and i have never done better investment than this. The company does mine and anybody could check that on ANY blockchain webstek!

I am very blessed with the company. If your wondering what “products” they are selling

Let mij make this very clear. This WOULD be a Scheme if they were not generating money from an outer source, hence the mining facet of the company, its not just an MLM. They control 2-8 procent of ALL mining, now you might not know how much that is but it is ter the millions of dollars.

That money gets distributed to the people who have a contract with them. Of course they keep a petite percentage, they have to. Costs of running a mining operation of this magnitude will cost you millions a month just on maintanace and electrical play.

(Ozedit: recruitment spam eliminated)

i have never done better investment than this. The company does mine and anybody could check that on ANY blockchain webstek!

Token mining doesn’t explain the advertised ROIs. The only logical conclusion is that freshly invested funds are being used to pay off existing investors.

This WOULD be a Scheme if they were not generating money from an outer source

Any reshuffling of freshly invested funds to pay off existing investors constitutes a Ponzi scheme. What you do outside of that core Ponzi mechanic is irrelevant.

You only came here to postbode your recruitment scam and earn commissions. Case ter point the token mining taking place is irrelevant.

The company does mine and anybody could check that on ANY blockchain webstek!

But are they making ENOUGH money to be paying everybody their ROI?

Zeek did auction too, but the qty they did wasgoed nowhere CLOSE to enough to pay the ROI.

You *rechtsvordering* they control 2-8% of ALL Bitcoin mining.

The problem is, there are only less than 4000 bitcoins mined Vanaf DAY, and that figure is from a year ago. And the difficulty is steadily enlargened and yield periodically halved. Let’s just say your figure is 5%. That’s 200 bitcoins. Care to guess how much computing power / energy needed to mine that? 80-90% of the money mined. Nipt “profit” is 20-40 coins Vanaf DAY if there are any.

Then subtract membership overhead, computing overhead (the server admins need $$$ too), any that remain for members are a duo coins vanaf day, if any.

Your figures are downright screwed up. You counted revenue, not profit.

Wij said so months ago, wij’ll say so again. This monster can’t possibly work. If the server admin have that much computing power, they would be mining themselves and pocketing the profit. They don’t need your money to share profit with you.

I AM NOT CLAIMING ANYTHING. You can look at ANY webstek te the world that tracks blocks rewarded and you will see.

They mine a 30-45 PH/s. They mine te Iceland which significantly reduces energy consumption. If you know anything about Bitcoins you know the halving period is every Four years, and its not due to zometeen this year.

The reason they cant do it on their own is because of what you said, computing power gets too hard for their hardware, it becomes obsolete.

Thats why you can CHOOSE how much to REPURCHASE for another share te the pool. The more shares you own the more you get.

Thy have mined Five Million dollars worth of bitcoins. This isn’t what they tell us, its what I HAVE done research on. It is effortless to go after where the money is and where its going. i can name Four websites which have no affiliation with Bit Club that will prove it.

Thy have mined Five Million dollars worth of bitcoins. This isn’t what they tell us, its what I HAVE done research on.

This dude has gulped it, hook line and sinker.

You can’t go after where the money is going te schemes like this. Affiliates invest, commissions are paid and then it’s all a black slot.

What, you think some server rack photos on Facebook is forensic accounting? Please.

Bitcoinguy: The reason they cant do it on their own is because of what you said, computing power gets too hard for their hardware, it becomes obsolete.

And this is where you began Disregarding what just came out of your mouth. Just because they can magically buy someone else’s computing power… Who pays for THAT hardware?

Oh you guys are hilarious. Do some research and youll see what im talking about. What you dont understand is that YOU CAN Go after AND TRACK ALL PAYMENTS FROM BIT CLUB NETWORK DOWN TO Mij AND WHERE IT CAME FROM. Why dont you guys get that?

It says its fresh coins generated, to bit club and so forward down to mij.

Wij all pay for the next hardware, but you get a procent of that ter a share.

If you want to go ter deeper, you can TRACK THE PAYMENTS TO ICELAND AND BACK TO US. Voeling Bitfury, the reputable mining hardware company and ask them about their contract with Bit Club.

Do some research and youll see what im talking about.

Affiliates pay money to BitClub Network, recruitment commissions are paid spil well spil ROIs. Token mining takes place which fails to explain the ROIs or recruitment commissions paid out.

What you dont understand is that YOU CAN Go after AND TRACK ALL PAYMENTS FROM BIT CLUB NETWORK DOWN TO Mij AND WHERE IT CAME FROM.

If that’s the case, then you should know that BTC isn’t funding your recruitment commissions or ROI. Not te total.

It says its fresh coins generated

Oh well if it says so… let’s throw common-sense out the window and take the Zeek Ponzi veterans at their word.

If you want to go ter deeper, you can TRACK THE PAYMENTS TO ICELAND AND BACK TO US.

…they aren’t paying recruitment commissions or ROI.

Look, nobody is telling mining isn’t taking place. Just that the majority of commissions here obviously have nothing to do with BTC.

I have recruited nobody but my wifey, my commissions have came from the contract i have.

Its not them telling you where its coming from. Its the Bitcoin Network.

Say for example, block xxxx gets rewarded to bit club, then bit club sends it to mij. Its pretty see-through. Thats not bit club representatives telling you that, you can search it your self te ANY BLOCKCHAIN webstek.

So you know, nobody can edit or add them to blockchain. ROI comes from the mining. Ordinary, Semi-transparent, and can be traced.

I have recruited nobody but my wife…

And those commissions have nothing to do with BTC.

ROIs are paid out overheen 1000 days. Any money you have bot paid is from recruitment so far, which spil I just said has nothing to do with BTC.

What does or doesn’t toebijten on the blockchain has nothing to do with affiliate funds injecting the scheme and funds paid out to BitClub Network affiliates.

ay for example, block xxxx gets rewarded to bit club

Or they just convert affiliate funds into BTC and recycle it out again. Again, some mining might take place but not enough to pay out perpetual 1000 day 100%+ ROIs.

Obviously there’s a disconnect inbetween what BitClub Network are suggesting and the mining of BTC.

Its unlikely to recreate a Rewarded block. You cant recycle that. It comes from the bitcoin code, into bitclub and then to mij.

Its not like it goes to bit club then gets crooked then i get it. Its pretty clear and the trail is there, open sourced and for anybody to see.

And the ROIs are paid te 600 days not 1000.

Now explain my wifey’s account? She hasnt recruited anybody and still has gotten paid daily. And theres a lotsbestemming of people that have not recruited and won’t recruit, but still get paid daily from their mining contracts.

Its unlikely to recreate a Rewarded block. You cant recycle that.

But you can recycle freshly invested funds. BTC mining is not a immobile variable, unlike BitClub Network’s suggested ROIs.

Now explain my wife’s account? She hasnt recruited anybody and still has gotten paid daily.

Spil long spil fresh affiliates proceed to invest, you’ll all get paid.

There is no Suggested ROIs anywhere. You inject at yout own risk.

It doesnt add up, its not like they get 100k a day from fresh invested funds. Even with 100k it wouldn’t be enough, but Its more like 7k vanaf day.

They pay more than 7k vanaf day to their affiliates and contracts lightly.

Where is that money coming from? Cant be freshly invest funds. It would be mathematically unlikely.

There is no Suggested ROIs anywhere.

Horseshit. You didn’t sign up and waterput your wifey under you to collect a referral commission for “risk”.

You did it because the BitClub Network webstek told you you’d earn a ROI overheen 600 days (used to be 1000).

It doesnt add up, its not like they get 100k a day from fresh invested funds. Even with 100k it wouldn’t be enough, but Its more like 7k vanaf day.

Immobilized affiliate investment doesn’t add up with everzwijn increases liabilities. BTC mining is not linear, te that you waterput ter $x and get out $y. If anything there’s diminished comebacks at play because of mining difficulty and the scaling of computing power required.

Yet BitClub Network are suggesting linear ROIs. They’ve set it at 600 days for a reason, that gives them two years to collapse (once money paid out is larger than money invested).

Some will likely be on the initial 1000 day project so that’ll give them some wiggle slagroom.

Bitcoinguy: Oh you guys are hilarious. Do some research and youll see what im talking about.

And this is where you commenced Disregarding other people’s points since you can’t explain the crevices te your own logic and instead began accusing others with “you don’t know what you’re talking about!”

If bitcoin price falls, the risk is large. Since you guys are so closed down to the idea of an MLM company being semitransparent about it, i will let ANOTHER Legal MONTHS PASS BY.

Hey, my wifey has half of hier investment back already without recruiting anyone and its only bot a few months. You cant dispute that, and the other peoole that didnt recruit anyonr but havr gotten their investment and more back?

Hey, my wifey has half of hier investment back already

Spil te withdrawn funds ter hier bankgebouw account or just numbers ter hier backoffice?

Has anyone (other than the initial Zeek guys) gotten their “investment and more” back?

All wij seem to get here are fresh BitClub Network investors who’ve bot groomed to think using freshly invested funds to pay off existing investors is genius.

Its unlikely to recreate a Rewarded block. You cant recycle that. It comes from the bitcoin code, into bitclub and then to mij.

Its not like it goes to bit club then gets crooked then i get it. Its pretty clear and the trail is there, open sourced and for anybody to see.

Wut? BitClub Network mine thru BitClubPool.

Out of 480 blocks mined to date at that pool, 150 went straight to third party miners, nowhere near BCNetwork investors. That leaves a total gross take of around $Two.7m.

Spil you say, there’s a substantial overhead to mining. According to Marcus Streng the CEO of Genesis who mine ter Iceland, of about $200 a coin, leaving BCN about $1m disposable income overheen the last nine months.

When you look at the matrix payments that have bought, amongst many other things, Open Abel’s Bentley, that’s a p*ss te the ocean.

You are being paid back out of your own money.

If you actually go after the Blockchain transactions, crooked is exactly what it does get. Endless loops of tx’s splitting into large and puny payments, just like a mixer. Why would they do that with freshly minted coins?

Let’s say that you/your wifey bought a $1000 contract when Bitcoin wasgoed $400 (let’s leave behind about the $99 admin toverfee). When do you/your wifey expect to get Two.Five btc back, te unspoiled mining payments?

How long till you achieve 100% roi i.e. nothing, at the current rate of payment?

I’d say at least two years, a looong time te Bitcoinland.

And no uitgang strategy whatsoever, unless you want an obsolete ASIC shipped at your expense from Iceland (maybe).

You are being paid back out of your own money, cent by cent.

Hey, my wifey has half of hier investment back already without recruiting anyone and its only bot a few months. You cant dispute that, and the other peoole that didnt recruit anyonr but havr gotten their investment and more back?

I can dispute that.

Fact: no-one has ROI’d on withdrawable mining payments from Bitcoin Network. Prove mij wrong.

Or if you’re talking dollars, then after “a few months” she would have bot now showcasing anything up to 180% ROI simply by buying Bitcoin te the very first place.

And, unlike hier reinvesting ‘mining’ contract, she could specie out into dollars tomorrow.

$2200 out of pocket, and $1200 returned so far.

I pulled $1000 so far and its te my blockchain wallet. Wij should have our investment back by the end of next month.

Te theory our account should be suspended by the time wij earn 2200 back right? If i dont, i will postbode on here.

Keep ter mind i havent recruited anybody but my wifey.

You guys can keep going with it, but ive seen people’s account that have Ten bitcoins mined and they havent recruited anybody. That is the only reason i signed up.

When did you sign up?

November but because of the Ten day waiting period, wij didn’t commence the actual mining until December.

I guess i will have to see if our account gets suspended or something, i hope not, i have seen enough people’s account to believe it wont.

i also know one of the guys that singed up since the beginning.

I doubt they’ll suspend your account.

Spil with all schemes like this, you’ll proceed to get paid spil long spil fresh funds are pumped into the system.

Bitcoinguy: i hope not, i have seen enough people’s account to believe it wont.

That’s what all of Madoff’s victims said…

Bitcoinguy: but ive seen people’s account that have Ten bitcoins mined and they havent recruited anybody.

Right, so it has elements of being both a Ponzi AND pyramid scheme.

$2200 out of pocket, and $1200 returned so far.

That’s a $1000 mining account each, plus $99 each, is that what you are telling?

I pulled $1000 so far and its te my blockchain wallet. Wij should have our investment back by the end of next month.

But you already said that your wifey has 50% ROI. “$1200 returned” -“$1000 withdrawn” = $500 for your wifey?? BCN math…

If you joined at the end of November/early December and convert payments back to $’s, then

40% of that has nothing at all to do with BitClub, just the fact that Bitcoin prices have risen that much since then.

Te theory our account should be suspended by the time wij earn 2200 back right? If i dont, i will postbode on here.

Of course not, why would they do that? You’d be on here shouting “Scam!” and putting off fresh suckers investors.

Anyway, with mandatory reinvestment, surely your ‘project’ proceeds forever doesn’t it? Or what happens to your accumulated toegevoegd shares? They just vanish?

Keep te mind i havent recruited anybody but my wifey.

Keep te mind that there’s a big upline before you, earning more te referrals than you are ter mining. Who’s paying that bill?

You guys can keep going with it, but ive seen people’s account that have Ten bitcoins mined and they havent recruited anybody.

Ten btc, mining only? Screengrab of that pls, or it undoubtedly didn’t toebijten.

I listened to that Acapulco talk with Joby Weeks, one of your main boys, the other day. Amongst his other exaggerations and downright lies, he wasgoed rambling on about becoming the largest etc. and “breaking down the Excellent Firewall of China” whatever.

Last week, the Chinese pools found 641 blocks. Bitfury, who threw BCN some hashrate recently, found 119. BCN managed 24. Come Midsummer’s Day, prizes halve. They can afford it. BCN can’t.

Yes 1000 each, and shes earned 500 back from that, ive earned 700 but that’s because i waterput hier ter. The other 200 is still ter my BCN wallet.

i will attempt to get the picture of the “TOTAL MINED”, it said well overheen Ten btc maybe Ten.75 or something like that.

If im not mistaken, Bitfury has an agreement with them to buy hardware not hash.

Yes 1000 each, and shes earned 500 back from that, ive earned 700 but that’s because i waterput hier te. The other 200 is still te my BCN wallet.

Attempt and understand, BCN toevluchthaven’t “earned” you 50%. When you exchanged your $1000 for Bitcoin and talent it to them ter late Nov/early Dec, you got about Trio, which are now worth $1250. Had you invested a duo of weeks earlier, you would be at about 0% roi right now.

Can you not see the incredible cost of the matrix structure from your own example? Just one referral gets you 40% of your entire core investment…

If im not mistaken, Bitfury has an agreement with them to buy hardware not hash.

Weeks claimed that BitClub Network are mining with 16nm Bitfury equipment that doesn’t exist.

There is mining taking place ter BitClubPool under a ‘bitfury’ reference which means nothing. It could mean Bitfury are mining at their pool. I know BCN were paying third party miners a premie to mine with them and inflate their hash figures.

There have bot two major latest examples te Bitcoin mining of operations which mine but hugely oversell their capacity. Google “Gaw mining” for an example of how this works. GAW also brought out their own coin…

I bought the bitcoins for the Precies price it is now. Your logic there doesn’t apply.

Another statement of yours that is not true, and you should not be spreading that around.

Chip does exist, and has for a while.

From what I’ve gathered about this BCN thus far, and after weeding through the Bitcoin fog, I’ve concluded that “block chain”, “coin mining” “blockchain wallet”, etc. are virtual terms made up to support a made up virtual world that needs physical money to shuffle inbetween unsuspicious participants te different regions of the physical world.

Real, physical, money paid by unsuspicious participants is being held somewhere until someone, somewhere, pays into the scheme.

Then part of that money gets shuffled overheen to another unaware participant who paid into the scheme, but not before a cut of that money is kept by the scheme operators.

The worthless bitcoins are used spil a prop to keep the scheme going.

Am I on the right track? Or did I did I get derailed somewhere along the story?

Meet the the illusive possessor of BitClub you may also reminisce him from such hits spil BlockBuzz, Greenzapand Pixmeup plus…drum roll please…….homefacts.com/offender-detail/NV1000532927/Albert-Medlin-Russ.html

“BlockBuzz”, “Greenzap”, and “Pixmeup”, sound like operation terms the feds would use when rounding up the ponzi schemers and hauling them te for questioning.

It’s interesting to note that BitFury indeed created 16 nm ASIC for bitcoin mining and uses proprietary immersion cooling for overclocking energy efficiency.

The problem is Bitfury is itself one of the largest (if not *the* largest) bitcoin miner te the world, having mined 16.6% of all Bitcoin blocks te a certain week te 2015, which is just before the 16 nm ASIC got deployed.

The question is how does Week know that BCN had contracted use of thesis ASICs, or did he just randomly pulled it out of a news voorwerp, which is not hard to do.

I bought the bitcoins for the Precies price it is now. Your logic there doesn’t apply.

I’m only going by your statement that you joined BCN ter November, but Ten day waiting period meant you commenced mining ter December.

To mij, that says you paid BCN at the end of November. The Bitcoin price then wasgoed $325-$375. It is now $425.

Another statement of yours that is not true, and you should not be spreading that around.

Chip does exist, and has for a while.

Yes, the chip does exist, who said it doesn’t?….. But Bitfury aren’t selling miners containing them.

Weeks claimed BCN were using them early te March, and got directly contradicted by BitFury’s Head of Product Development.

Weeks’ claims included:

I’ve got the fresh (Bitfury) 16nm tech chips. BCN are the only people te the world with Bitfury chips, buying all they can produce. Wij’ve got 12 PH/s Bitfury containers.

His statements are not 100% onberispelijk factually spil wij have not delivered production chips or containers to clients.

Please can you review Dragon Mine. Looks spil however it could possibly be similar to this Bitclub network.

They seem to be suggesting contracts up to $2500. Looks like it is connected to the YOBSN business with aggressive recruitment te Malaysia and South Africa.

That’s a free Blogger blog, what is the actual Dragon Mine webstek?

During this special time, you can receive 1, Two or Four shares within the Global Mining Pool spil a free verzekeringspremie for your mining contract purchase.

If that’s the business proefje it isn’t MLM, just single-level investment which is HYIP.

Thanks. Looks like this is the official webpagina but with no public informatie on their Bitcoin mining product yet.

I do agree, maybe weeks misunderstood. Hes also just a member. I do know they are using those asic chips now.

He said not %100 procent juist, it could be 90%.

Paid the $99 toverfee te November then bought the share te mid December. Price wasgoed the same.

I do agree, maybe weeks misunderstood. Hes also just a member. I do know they are using those asic chips now.

He said not %100 procent onberispelijk, it could be 90%.

Weeks is putting himself forward spil ‘the man’: or maybe you know who indeed is behind BCN?

Weeks didn’t misunderstand anything. He knows exactly what he says. Look how aware he is of the SEC, the way he insists that you have bought a mining machine, not a “security”.

How can you possibly “know” what chips are being used by anyone? Bitfury and BCN can scarcely scrape together 10% of network inbetween the two of them atm, hardly the show of the foot possessors of the most efficient chips te the world?

Punin wasgoed being sarcastic btw…

Paid the $99 toverfee ter November then bought the share ter mid December. Price wasgoed the same.

My bad, different concept of “10 days wait”.

So you’re telling that on your $1000 contract you have received $500 (60%) te specie payments overheen

100 days, with another 40% reinvested?

Yes master,and that 40% has now bough mij a 1/Four of another share. By the time i get my investment back, i should have 1.Five shares and my total investment back.

Also, the .25 share has a 600 day expiration. if you want to see a picture, i will postbode one somewhere.

I see on social media that BCN will no longer take deposits from U.S. customers spil of May 1st.

I wonder why that should be?

Just an update with BitClub Network ROI plummeting spil the Halving approaches.

The Halving wasgoed built into Bitcoin protocol by Satoshi. Basically block prizes, that miners get awarded for finding a block, are bribes to maintain the network until transaction fees rise te volume/cost and the system becomes self sufficient.

It’s presently 25 BTC vanaf block but sometime very likely ter July the threshold for mined blocks will be kasstuk and the prize halved. Te contant terms for BitClub Network, who have bot hitting up to Four vanaf day, this means an instantaneous reduction ter gross income of up to $20,000 vanaf day, unless the BTC price rises accordingly (Subject of much debate).

I have written about this at length with graphics here: bitcointalk.org/index.php?topic=1152263.msg14991430#msg14991430 if Oz will graciously permit this postbode.

I am just here because a friend attempted to pitch this bitclub thing to mij. Now after reading a lotsbestemming here, I am very confused if this is a good idea or not.

I am interested ter buying bitcoins, but indeed unassured if I want to be involved ter this particular company.

I am interested ter buying bitcoins, but indeed uncertain if I want to be involved ter this particular company.

BitClub Network has nothing to do with buying bitcoin.

BCN is indeed a legit network that mine bitcoin this could be verified true blockchain.informatie/pools has bot paying for the past Two years without any kwestie even if you are not referring anyone.

the revenue of the BCN is Mining Bitcoin, Altcoin and ethereum.

BCN also have a mining pool for public miners to gather their resoueses with BCN to mine Bitcoin.

thers no reason to call BCN a ponzi simply because BCN do have a product and the product is cryptocurrency with this i hope it response your doubt about BCN.

BCN is indeed a legit network that mine bitcoin this could be verified

What can’t be verified is, dollar for dollar, the mining activities covering both ROI payouts and commissions.

BCN’s commissions and ROI doesn’t equal it’s mining operations. Where does the surplus of the money come from?

thers no reason to call BCN a ponzi simply because BCN do have a product and the product is cryptocurrency

1. Money ter and of itself isn’t a valid product ter MLM.

Two. BCN is a Ponzi scheme because it uses freshly invested funds to pay off existing investors.

But please, don’t let that get te the way of you making up another reason and then proceeding to dismiss your own argument.

BCN is indeed a legit network that mine bitcoin this could be verified true blockchain.informatie/pools has bot paying for the past Two years without any issue…

It depends how you define “without any issue”…what about the massive ongoing reduction te mining payments this quarter?

The “we don’t promise an ROI” gambit for mining bitcoin (valid, because of the variables involved) is very handy for thesis people, because it means that they can reduce prizes to dust and be within contractual bounds.

The thickest legit cloudminer te the Western World, Genesis, is busy emailing clients right now to tell them their “lifetime” Bitcoin mining contracts are being terminated under unprofitability clauses.

Ter other BCN related latest news, the pimps just had a jolly to Malaysia where they announced CoinPay, a payment toneelpodium which is going to Take Overheen the World, but they need BCN affiliates to stump up a $million or two first….

Visa voorwaarde be having sleepless nights, very first OneCoin now ClubCoin…

I see a lotsbestemming of ignorance to what an actual blockchain and p2p public ledger actually is. There are reasons why currency and money exist. BCN alows you to use currency and get actual value out of it.

This looks like a ponzi/pyramid from the outside but the product and service is mining.

You can not value BTC and other Crypto and compare it to fiat currency when the currency and its market are very manipulated by central banking and their rente rates and inflation.

This looks like a ponzi/pyramid from the outside but the product and service is mining.

Which doesn’t account, dollar for dollar, for the ROIs paid out.

Unregistered securities aside, the only verifiable source of funds coming in BitClub Network is invested affiliate funds.

Using those funds to pay off existing investors = Ponzi scheme, irrespective of any mining that may or may not be taking place.

BitClub are about to commence pimping a big fresh “passive income opportunity” based on a Bitcoin arbitrage bot.

It is particularly interesting (for Bitcoin nerds anyway) because it linksom them with Genesis Mining and could explain a loterijlot about BitClubPool.

I don’t want to use you spil a verbinding listig Oz, but ter a rather word powerful effort postbode I’ve covered it here: bitcointalk.org/index.php?topic=1152263.msg15878010

I see a lotsbestemming of ignorance to what an actual blockchain and p2p public ledger actually is.There are reasons why currency and money exist.BCN alows you to use currency and get actual value out of it.

This looks like a ponzi/pyramid from the outside but the product and service is mining.

You can not value BTC and other Crypto and compare it to fiat currency when the currency and its market are very manipulated by central banking and their rente rates and inflation.

I see a waffling postbode that says little.

All investments suggest the use of currency for a comeback, both legit and scam.

“The product is mining”, so what?

The point is it’s a vuurlijn, incapable to provide adequate comebacks at implied ROI, so it’s topped up with fresh investor money.

The reason the income is inadequate is most of it goes upline.

“Fiat currency is very manipulated by central banks?” True. So is crypto by their omschrijving, the miners.

Dave: This looks like a ponzi/pyramid from the outside but the product and service is mining.

Your analysis is incomplete.

BCN may even be a true cryptocurrency te that it has blockchain and whatnot, but it has NO VALUE spil a currency. NOBODY would buy/use/sell it for something else.

Thus, the only value it has is based on how much fiat currency had bot invested into it, and that will only last spil long spil extra people will invest more $$$ into it, i.e. more money goes te than comes back out.

That is the definition of a Ponzi scheme… Use the straks joiner’s money to pay off the early joiners.

Furthermore, buying mining whatever is ALSO signs of Ponzi scheme, and this is opined by a major Bitcoin developer, someone who understands Bitcoin at the source code level.

Ter fact, he said a majority of BITCOIN mining ops that you pay into are most likely Ponzi schemes. If this is true for Bitcoin, it’s doubly true for unknown altcoins.

Thus, your conclusions are wrong based on your incomplete analysis.

I’ve read about 70% of this thread. The negative information is good because you guys seem to know what you’re talking about, only thing, you never backed down when your positions are rebutted by plausible explanations of people who have experienced positive results, except to say that those positive results came from ponzi-like funding.

I don’t know one single commercial venture that doesn’t depend on onveranderlijk influx of spending. Granted, consumable items that are repurchased by the same people, such spil Mary Kay or Amway products require people to spend money from their jobs or money earned from people who work jobs, the money still has to continuously be spent into the operation to fund earnings.

I don’t get your point. If BitClub wasgoed a true ponzi, then they would not be still te business.

From this thread, it shows up that they are developing ways for none share-holders to spend money that will result te earnings for contract holder besides their share of the BitCoin mining operation.

If they are actually a mining operation, that’s re-assuring because the threads I’ve seen from some of you guys that go spil far back spil 2014 wasgoed telling that they don’t even own a single machine, but now I find that some of you same guys are still spewing venom against BitClub even however you have proven to be ter error concerning their rechtsvordering to be directly involved te mining. It’s almost pathetic.

Te my private opinion, you guys are straight up haters. I’m persuaded that you guys are wise spil hell, but you’re certainly haters.

All this time, you could have earned Ten times the cost of a “founder’s block”, is it? I’m only just hearing about BitClub and afraid to get burned by another bitcoin fly-by-night, but it sounds like they are legit.

I’ve seen tons of MLM and all of them require fresh money before becoming saturated. But unlike OneCoin, it shows up that thesis guys are actually doing something and have substance that is provable. I’m spel to give it slok.

Thanks, for the insight. Bitcoinguy and his wifey sold mij. I may be ignorant, but that’s part of investing. 97% of the people that invest te the stock market are worse off.

Even the 401K idiots that think the dollar is going to sustain long enough to draw out their retirement. Fat chance with that! I think they all are better off dumping it into BitStrategy, and they aren’t paying out. What’s the difference.

Anyway, I toebijten to know some of the people who are very close to the ownership of BitClub, and they are very honorable people, but I still had to check before taking the plunge.

I’ve bot assured that they are legit, and this thread has given mij every reason to believe that my good friend is actually a friend. He hasn’t set mij up with a fraud, to say the least. Not that I’m telling they are Microsoft or anything like that, but at least they are not a fraud.

There’s hope. That’s all a risk taker can ask for. Am I right?

I don’t know one single commercial venture that doesn’t depend on onveranderlijk influx of spending.

From retail customers, not investors being paid ROIs from subsequently invested funds.

I don’t get your point. If BitClub wasgoed a true ponzi, then they would not be still te business.

A ponzi scheme runs for spil long spil fresh investors, such spil yourself, sign up and invest funds to pay off existing investors.

The ROI maturity is fairly long ter BitClub Network, which prolongs a collapse (if you trickle ROI payments it takes longer to harass invested funds).

Reminisce, the only a few 600 day ROI maturity periods have expired. Most affiliates are like you and toevluchthaven’t withdrawn more than they’ve invested.

That means BCN has more money ter its handelsbank accounts then they’ve paid out spil ROIs (referral commissions are separate).

If they are actually a mining operation, that’s re-assuring

Token mining operations aren’t going to pay you a >100% ROI on your investment. Not on the motionless time-frame BitClub Network operate on anyway.

You guys are straight up haters. I toebijten to know some of the people who are very close to the ownership of BitClub, and they are very honorable people. I’ve bot assured that they are legit.

Considering ex-Zeek Prizes Ponzi pimps were very first to market this (and likely own it), sounds like you’ve indeed done your homework then.

I mean hey, if everything wasgoed above houtvezelplaat all they’d have had to do wasgoed register with the SEC and be semitransparent about funding affiliate ROIs. Instead the anonymous owners ran away and now operate from who knows where (wink wink, nudge nudge).

Best of luck with the scamming.

There’s hope. That’s all a risk taker can ask for. Am I right?

That’s something you’d have to ask the thousands who lose millions ter collapsed Ponzi schemes every year.

I get your points. Well said. But, I can only hope that I can get a come back of Five bitcoin. Not much more to project for considering what you’re telling, but that’s life.

They’ve given mij 1,200 of their ClubCoin, big overeenkomst right? Well, I can say they are ranked 36 of 100.

I believe they are going to be around for a long time, but I could be wrong. However, if you’re wrong, there will be lots of glad people that have avoided the coming reset. It’s not going to be pretty, especially te the States.

if you’re wrong, there will be lots of glad people that have avoided the coming reset.

They tell you to say this spil well? You’d be astonished (not indeed) how much this is touted by the MLM underbelly.

It’s a marketing tactic. Waterput aside logic and common sense and give us your money because “what if”.

ClubCoin? Give mij a pauze. Nobody is using ClubCoin except BCN investors, it’s just another futile altcoin.

The MLM cryptocurrency niche is total of them.

Well, that included just about every cliche ter the ‘Hi, I’m John Handelen straight up fellow’ rebuttal book.

I wasgoed half expecting “I guess y’all are most likely working for the opposition”, especially after resorting to ‘Haters’. Hi, Weten.

Won’t bother to react point by point because you didn’t actually make any..

I guess that thesis “highly honorable people” want to remain anons, that’s why they let the Weeks, Abels, Conleys, Maccabis and Medlins of this world vooraanzicht for them. Why else?

I wasgoed half expecting “I guess y’all are very likely working for the opposition”

That came after, along with just about every other tired Ponzi cliche everzwijn written.

If you sincerely believe they can afford paying commission by mining BitCoin even tho’ the only way to make money mining by mining is to invest millions ter a server farm te a cold place (so no money spent cooling) with cheap electro-stimulation, and even a top developer of BitCoin said that most mining pools *are* ponzi schemes… You’re the fellow not dealing with reality.

I suspect many of them [the Bitcoin cloud mining companies] will turn out to be Ponzi schemes. – Gavin Andressen posted ter /r/Bitcoin omstreeks 2014

It costs 1.Five million RMB (225K) vanaf petahash, excluding running costs such spil electrical play and maintenance – BitCoin Miner with a profitable mine ter SiChuan, China, assuming cheap labor, cheap violet wand, and no markup for equipment

Most of the money goes into amortizing the equipment and running costs. It’d cost more to rent the server power to farm than to actually own the equipment, esp. with fresh hardware out all the time.

Te other words, you basically self-deluded yourself into believing your own fiction with no regard to reality. Bitcoin mining is hardly profitable, certainly not te the ROI claimed here and elsewhere without some extreme measures (like setup ter China)

BitClub Network runs BitClubPool, the means by which it gets its mining revenue.

I updated my BCN thread on BitcoinTalk today with regard to the “arbitrage” trading bot being shelved indefinitely and their theft of investors funds by unilaterally ending contracts.

One of the answering comments from a respected miner who points his gear at their pool (for their low fees) commented

Yes, you are right im missing my payments. Non of the official e-mails are working any more and bitclubnetwork support does not response.

I wasgoed use to 2-3 days delay last year from Bitclubpool, but weeks is a different matter…

I wasgoed to consider to join bcn ter South Korea now. Thanks to lots of good informatie on this. I abandon to enroll and invest ter clubcoin.

There are some people who persuade into joining bcn thesis days ter Korea even however it just embarked.

So, its almost 2018 and its still working very good. I earned almost 500 btc here already. If its a scum let all scums will be like that one!

So, its almost 2018 and its still working very good.

What are you talking about? They had to can early investment contacts just to keep it afloat.

What do you think will toebijten with your investment when the time comes?

So, its almost 2018 and its still working very good. I earned almost 500 btc here already.

You may have done on commission selling overpriced and underperforming contracts to noobs and your grandmother, but not by mining you didn’t.

indeed? You’ve got 500btc? what wasgoed your investment?

question for those who know is this the same company that Riccardo Ferrari and Thomas Prendergast of veretekk promoting?

This is how the fastest growing $1.Five billion dollar company te history celebrates its 3rd bday ter Dubai.

Largest Bitcoin mining company ter the world

$500 million te mining datacenters

$Four million a day ter sales

100 millionaires already created (never bot done by any Trio year old company).

100% of members make money

Zero payout delays

Zero refund requests

Zero complaints te any BBBs ter 104 countries

And wij are just getting commenced

The woman says “BitClub Network” te the very first few 2nd of the movie?

What is the actually status here? Bcn still exist but i dont know weather i can trust them or not.

Ask for audited accounting showcasing bitcoin mining funds ROI revenue. If you don’t get it make your own call.

I don’t trust them spil Thomas Prendergast wasgoed promoting this scam laser online along with bitclub.

When people begin researching some of the things they have bot telling I wasgoed hoping they would end up here and read for themselves.

Can this stat be trusted?

If this is the case and they have mined 6 blocks ter last 24hrs would the math hold up?

I don’t see why it can’t be trusted. Problem is what that graph shows is not proof mining is used to pay affiliates with.

rustyblokchain: If this is the case and they have mined 6 blocks ter last 24hrs would the math hold up?

Average bitcoins mined vanaf day ter the world is 1 block every Ten minutes, or 144 block vanaf day. If they indeed mined 6 blocks, that gives them about just overheen 4% of the global yield. I thought however they said they had more hashrates than 4%? something about 5-8%?

Given that the block contains 12.Five coins, and BTC to USD at 1:15500, that’s a nice chunk of switch, but how many ways does that split? The problem here is you can’t response them, therefore, you CANNOT know how legit they are… You simply don’t have that information.

Let’s also face the facts: BitClub is NOT a mining pool. That’s NOT how mining pool works: you give them a chunk of money and they pay you ROI. That’s an INVESTMENT with maturity date and ROI. A real cryptomining pool have pool feels, prices vanaf gigahash, and detailed accounting of block yields and splits and whatnot.

BitClub is just a scheme hiding behind the premise of BitCoin mining. Whether you can trust it… depends on how trusting you are of random companies with lofty promises.

So, its 2018 and its still working very good. I do not know anyone that did not get money.

This is the defeat of the world record for the duration ponzi scheme.

at the end of the year, the bitclub closes the om.

I’m just wondering how you’then explain to people that this is a ponzi scheme?

This is the defeat of the world record for the duration ponzi scheme.

Madoff began te 1960 and ran until his hechtenis te 2009. You do the math.

I’m just wondering how you’then explain to people that this is a ponzi scheme?

Same spil I did when it launched. Using fresh investment to pay existing investors = Ponzi scheme.

Mining isn’t illegal te the US, if BitClub Network wasn’t recycling funds (some token mining likely takes place), they would have registered their legitimate business with the SEC instead of fleeing.

YES… Riccardo Ferrari is promoting this company.

From what I get from him, he’s a top earner and making more than $100K vanaf month. I may be way low here actually.

There are people making overheen a Million vanaf month with Bitcoin club. Spil long spil I don’t join, it should go on for many more years. You can all thank mij for not joining.

Please send mij linksaf displaying Prendergast promoting Laseronline.

Related movie: Is Bitconnect a Scam? My Story – If Banks can do it, so can you! – Bitcoin Major Key Bedachtzaam


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