BitClub is a pretty famous investment website where you are encouraged to invest in cryptocurrencies so that you could double your investment within no time.
If you know anything about cryptocurrency or bitcoins, chances are you well aware of crypto mining as well. Every cryptocurrency needs to be mined, and this process has to be done manually.
Since this job is in high demand, it offers an unmatched earning opportunity in today’s world. The Bitclub Network is one such platform, that can help you ace this opportunity, making a lot of money in the process.
But does the website really help? There are so many websites out there that promise the same that it is difficult to figure out which one of the websites is legit.
If you are planning on investing on this particular website then you should do so only after reading the review.
Website URL – https://bitclub.network/
What Is Bitclub Network?
As the name suggests, Bitclub Network is an online platform that allows users to harness the power of networking in the crypto industry. In order to validate a bitcoin transfer, it needs to be mined.
The person who mines the transaction is entitled to earn a certain percentage of bitcoin in the transaction.
Traditionally, mining involves a lot of investments. It needs sophisticated computer processing power, high-end graphic cards, etc. It isn’t possible for everyone to afford such equipment.
However, Bitclub Network uses ‘cloud mining’ technology, making it possible for everyone to start mining the bitcoins.
How Does It Work?
To get started with the platform, you are first required to register on the website. However, you require an invite to register. This is the biggest barrier to entry while joining the Bitclub Network.
If you are able to get a sponsor and register on the website, you’ll be required to subscribe to any one of the investment pools.
Once you subscribe to one of the pools and deposit the money, you are entitled to earn a return on your investments every day. Basically, the website will then take your money, pool it with other’s money, and use it to mine bitcoins.
This crowd mining also allows users with limited budgets to invest and start with mining (which traditionally involves a lot of investments).
The Investment Pools
To get started, you are required to subscribe to one of the investment pools. These pools are described under –
- Pool 1 – Invest $500 for 1,000 days of mining, and earn 50% commissions.
- Pool 2 – Invest $1,000 for 1,000 days of mining, and earn 60% commissions.
- Pool 3 – Invest $2,000 for 1,000 days of mining, and earn 70% commissions.
- Founder Pool – Invest $3,500 for 1,000 days of mining, and get one of Pool 1, Pool 2, and Pool 3 shares. Along with this, users are also entitled to some additional benefits.
Pros
1. The website allows everyone to get started with bitcoin mining without investing a ton of funds. In traditional methods, miners are required to buy the latest and powerful computer systems. Bitclub Network saves on all those costs.
2. The website gives a healthy amount of return on the investments made.
3. There are four different investment pools, providing great flexibility. Users can invest in the pool that matches their requirements.
Cons
1. The biggest drawback of Bitclub Network is the fact that it requires a referral to join. You need to have a “Sponsor” to register on the website.
2. The website mentions nothing about the company, founders or team members. This makes the website less trustworthy.
3. The investment options start at $500. There is no cheaper option. So in essence, users are required to invest at least $500 to get started, which is not at all cheap.
Would I recommend this website?
No, this website is a typical MLM scam where you are expected to invest money so that you can earn money back. There are so many things that I would want to write about the website but for now, the website is offline.
The website owner shut down the company and is on the run. If you have invested your money in this opportunity then you can kiss it goodbye because you are not going to get any refunds.
This is something typical with MLM programs and that is the reason I never recommend websites like Bitclub or others that have the same claims and working model.
These websites are fraudulent and you should never waste your money with them. There are legit ways to make money online but sadly MLMs are not one of those websites with which you could make any significant amount of money online.
Conclusion
BitClub Network is definitely not the website I would recommend to someone who wants to make serious money online. Such websites scam people and take their money from them which BitClub Already did.
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