UPDATE (December, 2019): Bitclub Network was exposed as a 722 million dollar ponzi scheme and 5 men were arrested.
Do you think the Bitclub Network is a viable business opportunity or just another bitcoin scam?
I’m a firm believer that get-rich-quick-schemes do not work, especially when they say you don’t have to do much to make massive profits.
It clearly looks like this system is pushing that belief onto its customers.
Well I’m going to debunk this system in my Bitclub Network review and find out exactly what it’s all about.
At a Glance
Name: Bitclub Network
Owners: A group of professionals
Price to Join: $500 to $5000
About Bitclub Network
Who Created this System
According to their website, it is not run by one person. It is actually run by a group of experts who have come together to create a simple bitcoin and digital currency mining system.
The owners come from all walks of life, including: programmers, entrepreneurs, network marketers, and internet marketing experts.
When did it Launch
There’s not much information on their website or around the internet talking about the traffic they receive or WHEN they launched their system.
However, I did manage to find how much traffic they get from Google. It isn’t very much to be honest with you, so it’s fair to say that they are getting a lot from social media sites and blogs (referral traffic).
They say they’ve been going for 3 years, which means they launched back in 2014.
Why did they Create it?
Bitcoins are becoming more popular every single year and starting to be in the mainstream media a lot more too.
They want EVERYONE to to cash in on the digital mining method just as they have.
Their ultimate goal: To help customers gain digital assets and earn a fortune.
They claim that digital currency is massively popular and growing in popularity every year.
And because of this, we as internet marketers can take advantage of this huge opportunity and reap the rewards.
Bitclub Network say they are trying to build the LARGEST bitcoin mining pools in the world.
They want to help people learn more about bitcoins and the digital currency world in general.
So What Exactly is Bitclub Network?
Bitclub is a digital currency mining network.
When you invest with Bitclub, they use the money to purchase mining equipment.
You can either use the mining equipment yourself or allow them to do it in their mining pools, which is what most people do since it’s easier, cheaper, and more convenient.
They use the mining equipment to find digital currencies within the online world, to mine as much as possible.
This is how they give you back your money and profits.
Click here for a more detailed breakdown of bitcoin mining.
The Process/How it all works
First and foremost, you have to invest some money into the system before you can do anything.
Investment opportunities include:
Pool 1 – $500, pays daily, 50% of bitcoins mined goes to you and 50% goes to expenses
Pool 2 – $1000 – pays daily, 60% of bitcoins mined goes to you and 40% goes to expenses
Pool 3 – $2000 – pays daily, 70% of bitcoins mined goes to you and 30% goes to expenses
If you invest in a pool, everyone in that pool shares the earnings.
For example, if pool 1 mines 0.1 in a day and there are 100 shares, your total is 0.001 for the day. So 0.0005 goes to your profits and 0.0005 goes to expenses.
The GPU Pool
Because Bitclub Network wants to become the biggest and best mining digital currency network, they are looking for anything they can get their hands on.
This includes currencies such as: Ethereum, Ethereum Classic, Dash, Monero, and Zcash.
This pool is for the top earners that want to maximize profits and have complete control of their earnings.
It is called GPU Mining and costs anywhere form $1000 up to $5000.
Its runs for a total of 2000 days and begin paying the customer after 30 days.
The GPU pool runs completely on its own, so earnings are NOT shared with anyone else. 100% of the earnings are paid to you.
This is their most profitable pool, simply because they are mining anything and everything.
Are People Really Making Money?
So now you have an idea about this system and what the heck it is all about, are people actually investing in it and earning money?
Everywhere I look on the internet regarding Bitclub Network, I have yet to find somebody talking about the legitimacy of it.
The sad truth is, the testimonials are fake and the owner doesn’t want to be known, which brings me to my next point…the red flags.
The Red Flags
There are many red flags that I found.
The domain name is set to private.
Although this can mean a variety of different reasons, it’s not doing them any favors if they’re trying to look 100% legit.
They also claim to be a team of experts. However, the red flag here is that absolutely no names have been mentioned anywhere on the site, not even on their “about” page.
Another red flag is that you can ONLY pay with bitcoins. This is because bitcoins cannot be traced.
There is no trail, so they can get away with everyone’s investments if they decide to take the entire website down.
Does it Cost to Join?
You can get access to Bitclub Network by visiting their official site: www.bitclubnetwork.com.
However, you cannot sign up without a sponsor. You will need to enter your sponsors name before you can actually create an account.
It is free to join and look around, but to start making money you will have to invest in any of the available pools.
The minimum is $500 and the maximum is $5000.
Pros and Cons
- Can make some money
- High risk
- Low ROI (Return on Investment) and sometimes you lose money
- Minimum price to invest is high
- Shady customer service
- Shady owner(s)
Is Bitclub Network a Scam?
It isn’t an entire scam, however, it is very borderline. If you decide to join you are taking a MASSIVE risk with your investment.
There are so many reviews saying the have earned less than they invested, with a few saying they have earned a lot.
But I noticed those people were from accounts with no pictures, staying completely anonymous just like the BCN owners.
I would very much like to call it a scam because it almost is, but there are a few people actually making a little more money than they invested.
BCN are probably taking the money that affiliates are paying and giving it straight to the bitcoin/digital currency investors, which very well might be the case since they are the ones making the big investments.
If that IS the case, I would have to say BCN is a ponzi scheme and you should stay away from it at all costs!
It isn’t an entire scam, but that’s not to say they won’t turn into a scam in the future.
Don’t say I didn’t warn you when they eventually take everyone’s money and run! Because I have a feeling that’s going to happen when they’ve made enough to start another digital currency website/scam.
What I Recommend
I’m not a big fan of bitcoins, nor will I ever be in the future. I’m more of a “sell other people’s products and earn a commission” type of guy.
I’ve tried too many things out there that only wasted my money, time and effort.
And finally I’m proud to say I work from home full time and have no boss to answer to.
After everything I tried, the one thing that DID work was something called Wealthy Affiliate.
I’m not saying it was easy, but if you’re serious about living on your own terms I would have to recommend it to you as well.
There’s a free trial so you don’t have to pay a dime if you don’t want to.
Well thanks for reading. I hope you found what you were looking for in this review 🙂
Leave a comment below if you’ve used Bitclub Network. What are your thoughts on this system?