1. The BitClub Guide
1.1 Table of Contents
THE BITCLUB NETWORK
3.1 Who is Bitclub Network
3.2 Responsible mining in Iceland
3.3 Ponzi Scheme Definition
3.4 No longer operating in the USA
3.5 The Bitclub Opportunity
3.6 Earning Passive Income
3.7 Bitclub Debit Card
3.8 Join the Bitclub Network
5.1 Why Clubcoin
5.2 Clubcoin Key Features
5.3 Clubcoin Staking Pool
5.4 External Exchanges
5.5 Clubcoin Related Links
5.6 Install a Desktop Wallet
5.7 Withdraw Clubcoins
5.8 Sell your Clubcoins
SMART PAYMENT APP
6.1 Introducing the SPA
Welcome to the Bitclub Guide
Honored you have decided to join us in start exchanging part of your paper currency for digital currency. This guide is designed to ensure everyone that joins our vision has complete access to the proper information as well as tools and training required to succeed.
You are in business for yourself (*but not by yourself !)
The Bitclub team provides a central location for your entire Bitclub business. A valuable tool, with all the necessary information you will need to run a successful Bitclub business both online and offline.
The step-by-step guide
Our step-by step guide is a valuable training resource that will help you master the Bitclub world. The goal is for you to achieve success in this Crypto industry. The guide is a written document to aid and assist you. Use “the guide” as your main point of contact when searching for answers to questions. It was created based on questions and concerns raised by members of the Bitclub family.
Be a messenger, not the message
One of the principal purposes of the Guide is to help you to optimize your time. We know from experience that the more people you have in your team the more time spent on answering questions. Become familiar with the guide and direct your new people to it. This free’s you up and provides an opportunity to build your business.
When sending your new team members to the Guide, the website can handles 90% of the follow up for you, whenever they read the information we have gathered here, we put all the information and effort in giving you and your team members everything they need to create a thriving business, but you have to study and especially putting it into practice, as we can not learn for you or do the business for you.
Let the website be the message
When a new team member joins, it is crucial that you contact them within the first 24 hours while the momentum is strong. Message them with an introduction and introduce them to this website. Make them feel welcome and a part of the team. Assure them that they are not alone and that they have a strong support team ready to help them. Teach all of your new members to duplicate this process as well.
Bitcoin and Crypto Currencies
A crypto currency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography.
Cryptography is used to secure the transactions and to control the creation of new coins. To simplify this, you can send and receive money between people and businesses globally the same as you would with any currency using crypto currency.
Crypto currencies are purely digital
Digital (crypto) currency started in 2009 with Bitcoin as a virtual trade token with a special technology utilized to determine the authenticity of a transaction via consensus on a secure global network. This was being done successfully without two entities – banks and government.
Secure Instant Transactions with Low Fees
Bitcoin is the first decentralized digital currency, digital coins that you can send on the internet. Compared to other alternatives, Bitcoins have a number of advantages : Bitcoins are transferred directly from person to person via the net without going through a banker clearinghouse. This means that the fees are much lower, you can use them in every country, your account cannot be frozen and there are no prerequisites or arbitrary limits.
Several currencies exchanges exist where you can buy and sell Bitcoins for dollars, euros and more.
Sending Bitcoins is as simple as sending an email and you can purchase anything with bitcoin.
Your bitcoins are kept in your digital wallet on your computer or mobile device.
The Bitcoin network is secured by individuals called miners, and the miners are rewarded newly generated Bitcoins for verifying transactions. After transactions are verified they are recorded in a transparent public ledger. Bitcoin opens up a whole new platform for innovation, the software is completely open source and anyone can review the code. Bitcoin is changing finance the same way the web change publishing, when everyone has access to a global market : great ideas flourish.
Bitcoins are a great way for businesses to minimize transaction fees. It doesn’t cost anything to start accepting them at easy to set up there are no charge backs and you’ll get additional business from the Bitcoin economy.
Where does Bitcoin come from?
With paper money, a government decides when to print and distribute money. Bitcoin doesn’t have a central government. With Bitcoin, miners uses special software to solve math problems and are issued a certain number of Bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. And since miners are required to approve Bitcoins transactions, more miners means a more secure network.
The Bitcoin network automatically changes the difficulty of the math problems, depending on how fast the BN soft in the early days, Bitcoin miners solve these math problems with the processors and their computers. Soon, miners discovered the graphics cards used for gaming for much better suited to this kind of Mac, graphics cards are faster, they use more electricity and generate a lot of heat.
The first commercial Bitcoin mining products included chips that were reprogrammed for mining Bitcoin These chips were faster but still power-hungry. ASIC or “application specific integrated circuit” chips are designed specifically for bitcoin mining. Basic technology has made Bitcoin mining even faster by using less power
As the popularity a Bitcoin increases, more miners joined the network, making it more difficult for individuals to solve the math problems. To overcome this, miners have developed a way to work together in pools. Pools of miners find solutions faster than the individual members and each miner is rewarded proportionate to the amount of work he or she provides.
Mining is an important and integral part of Bitcoin, that ensures fairness while keeping the Bitcoin network stable, safe and secure.
The Blockchain Technology
If you haven’t heard of the blockchain, I highly recommend you read up on it. the Bitcoin is based on the blockchain technology. But the real innovation is the blockchain itself, a protocol that allows for secure, direct (without a middleman), digital transfers of value and assets (think money, contracts, stocks, IP). Investors have poured tens of millions into the development and believe this is as important of an opportunity as the creation of the Internet itself.
The blockchain is a public ledger of all transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order. The elegance of the Blockchain is that it eliminates the need for a central authority to verify trust and the transfer of value. It transfers power and control from large entities to the many, enabling safe, fast, cheaper transactions despite the fact that we may not know the entities we are dealing with.
The mechanics of the Blockchain are novel and highly disruptive. As people transact in a Blockchain ecosystem, a public record of all transactions is automatically created. Computers verify each transaction with sophisticated algorithms to confirm the transfer of value and create a historical ledger of all activity. The computers that form the network that are processing the transactions are located throughout the world and importantly are not owned or controlled by any single entity. The process is real-time, and much more secure than relying on a central authority to verify a transaction.
The Bitcoin blockchain
Check out how the Bitcoin on the Blockchain. The Bitcoin uses Proof of Work in a unique Dual Hybrid architecture structure designed to ensure that the coin distribution is as wide as possible.
Set up a Bitcoin wallet
There are many different options available for you to set up your own wallet. This is like deciding which bank you want to use, most wallets offer the same services and they are free to use so you just need to pick one that you like and feel comfortable with. There are also options to have wallets stored on your computer or even offline in the form of paper wallets. Security is the most important thing when choosing a wallet and here are some popular 3rd party wallets
Bitcoin Wallets Recommendations
BlockChain – Global Solution – THE BEST and our Favorite!
Xapo – Solid security, a global solution and provides a vault
Circle – Best for using Credit or Debit Cards to buy Bitcoin
Coinbase – The biggest wallet and great for US bank wires
BitStamp – Best for EU bank wires and EU customers
Coins.ph – Very cutting edge wallet with ATM network (Philippines)
Do a search locally for a good wallet, something that gives you liquidity to buy and sell easily.
Here is another good resource for choosing a wallet – Bitcoin.org
There are many ways you can do this and they all depend on where you are located. With the growing worldwide market and demand for Bitcoin it’s becoming easier everyday to find reliable sources to purchase Bitcoin. The first thing you want to do is set up a Bitcoin wallet. If you can find one that offers an ATM network in your local area that is usually the fastest way to get Bitcoin.
You will purchase Bitcoin at the market price being offered and you may want to load your account all at once so that you minimize your fees. (for instance if you plan to purchase mining pool shares then it’s a good idea to get enough Bitcoin to make all purchases).
A few good resources
Cex.io – Is a good marketplace for buying Bitcoins in a few clicks.
LocalBitcoins.com – Where you can meet someone face to face or use another form of payment.
Romit – A large network of ATM’s worldwide (also search any local Bitcoin ATM’s)
Coins.ph – This is a great option for Philippines
Bitpesa – Easy way to buy in Africa
Or any exchange located in your country… *there are now hundreds of them, just search locally
Retrieve Bitcoin from your Wallet
You can send Bitcoin from your BitClub account to your own Bitcoin Wallet.
After you submit a request for withdrawal you will receive an email with your transaction details and your status will show pending until paid. Before you can request Bitcoin you must add your BTC address. (you will see the address shown automatically below once saved) Once paid you will receive a second email letting you know it’s done. (make sure your email address is valid to receive these notices) These withdrawals are not automatic and can take up to 24 hours to process.NOTE : All withdrawals under 2.0 Bitcoin will be charged a fee of 0.002 per withdrawal. This fee will be placed on top of the amount you request and will be shown in your wallet ledger as a separate transaction. The total available Bitcoin balance shown is rounded up to the nearest 4th decimal place and may actually be lower. If you attempt to request the entire balance you will receive an error message because of the .002 fee, so make sure you leave a minimum of .0021 in your wallet to be sure you have enough.
Who is Bitclub Network
BitClub is not owned by any single person or entity, we are a team of experts, entrepreneurs, professionals, network marketers, and programming geeks who have all come to together to launch a very simple business around a very complex industry. Anyone can join BitClub Network and begin earning a passive income by taking advantage of our expertise in Bitcoin mining and other Bitcoin related services.
Our Mission is to help YOU cash-in on Bitcoin as it becomes a mainstream global currency.BitClub Network is a community of people who have come together to support Bitcoin and other digital currencies (also called crypto currencies or virtual currencies). We are helping to educate, provide services for, secure, protect, and ultimately profit from this emerging technology. So far this community has created one of the largest mining pools in the world.
Bitclub Network is located everywhere and nowhere. BitClub operates from all over the world, and this structure is intentional so there is no single point of failure or compliance issue that will hold us back or get us shut down. We have multiple mining locations across Europe and a brand new facility in Iceland (that you can take a tour of).
Our main hosting servers and mining pool servers are located in the Netherlands with redundancies in Hong Kong and Switzerland. Our programmers work remotely, our support staff works from their homes and we do not have a need for a physical location. How cool is that! We can fully operate this company virtually and thanks to BlockChain technology and other decentralized and distributed networks we also don’t need a traditional corporate structure. This limits our overhead and allows us to pass these profits to our members.
The concept is very simple!
We have combined the power of crowd funding to bring you a very unique and timely opportunity in the Bitcoin industry. By using our expertise we are able to build a profitable mining operation that uses an affiliate payment structure to leverage the earning potential of our members.
You purchase mining equipment that is used to mine Bitcoin and we pay you daily on your share of all Bitcoin being mined. When you share this opportunity with other members and they make a purchase you will also get paid recurring commissions on all Bitcoin mined from their purchases. The more you share, the more you will earn. As the membership of users grows large we can all be a huge piece of this industry and provide the one thing Bitcoin needs the most… MORE USERS!
Bitclub Network is steadily listed in the top10 Bitcoin Mining operation in the world :
Responsible Mining in Iceland
BitClub Network new mining operation is held in Reykjavik, Iceland, because it provides the perfect environment for large scale mining. Not only is the temperature cool all year round, but the island provides 100% clean and renewable energy by utilizing natural Hydroelectric and Geothermal technology. This means we are not polluting the air and providing a very responsible and green way to mine for Bitcoin.
We believe this will soon become a big issue in the world as the combined network power of Bitcoin continues to grow and the amount of electricity being used is outrageous. So we are taking a proactive step to be green! Oh, and it also helps this power is cheaper than anywhere in the world so it’s a big Win-Win for our members to be green.
About 70% of our future expansion will be in this new facility. We continue to mine all over the world looking for the best scenarios and solutions for our members. We will never put all of our eggs in one basket but we plan to make this our biggest basket over the next few years.
If you would like to see this facility please contact us, we are allowing certain members exclusive access to tour this facility. You must be a Pro Builder or higher to be considered and in the near future we will even have special offers for Master Builders to get an all expense paid trip (details inside Member’s Area).
Ponzi Scheme Definition
Bitclub Network is NOT a ponzi scheme
A ponzi scheme has no product, it’s just a money game set up to pay people with other people’s money and eventually it will crash and burn because there is no real money being earned from any outside sources. BitClub Network has a REAL opportunity for anyone to purchase mining equipment and earn profits from what is being mined.
We strive to be very transparent about our mining and you are able to track everything on the blockchain and see our Mining pool running live. This is what we love most about Bitcoin… You can’t trick or fake it, everything is recorded in a public ledger for everyone to see.
It’s very important to understand that we DO NOT guarantee a mining share will have a set return. In fact, you will never hear us make any claims about how much you will earn from having a share in our mining pool because the truth is we don’t know. Bitcoin mining is very complex and with the difficulty level constantly moving up every 10 days and new hashing power always entering the space there is no way anyone can predict accurately an ROI. Especially with our business model that requires re-purchases or more simply daily maintenance fees.
NOTE: If you find a company offering you a set return (especially if they claim to be Cloud Mining and offer 100% or more) there is a high probability they are a Ponzi scheme. Some Cloud Miners are actually backed by real hardware but their power is virtual and therefore very hard to track. In fact, the sad reality is you will never know if a could mining company is actually mining, so we recommend you steer clear unless they are very transparent. We are NOT a Cloud Mining company, everything we have can be verified!
No longer operating in the USA
After careful consideration and many conversations with lawyers, advisors, and leaders within BitClub Network we have decided to stop taking new memberships within the United States starting May 1st 2016 and focus on other countries that we are growing much faster in.
As it stands right now only about 6% of BitClub Network members are based in the United States, and since our corporate team is outside the US, and our mining operations are outside of the US we believe there is no reason to operate within the US market and take on any future risk that could jeopardize the other 94% of our members.
All existing members in the US who join before May 1st will not be affected by this action. As long as you have an active $99 Membership on or before April 30th, 2016 you will be eligible to purchase all mining pool shares in the future at anytime. You will continue to have full access to your membership and your mining contracts and all commissions will continue to pay as promised. Each member in the US will be given a special grand fathered membership and you will be able to sponsor new members without interruption as long as they reside outside of the United States.
ATM Machines in he USA
Unfortunately, we will not be deploying any ATM machines within the United States and will be identifying specific markets and locations, we just want to make it clear that US members will not be able to participate in this.
The Bitclub Opportunity
*No Sponsoring Required to Earn Mining Pool Payouts
BitClub Network is just like many other mining pools except we offer a unique opportunity for members to purchase shares in the hardware and get paid to share it. For doing this you will earn a daily share of all Bitcoin being mined by the pool. Our pools are set up for miners to plug in and earn a share of all Bitcoin by pointing their existing mining equipment to our pool. We offer nice incentives for miners who join our pool
We also offer a referral based system that allows anyone to purchase shares of mining hardware and get paid a commission. With our unique affiliate model and daily Bitcoin payouts we can outpace just about any other mining operation in existence.
Understand the Power of the Binary System
First thing you should do after upgrading your account is to contact your sponsor and make sure he position you in the Binary tree immediately. In the eventuality you are not in contact with your sponsor, just send a message to the Support team and ask them to do this for you : That will position you in the binary tree (*all details are described in the “Compensation Plan” section)Simply put, every time someone under you order a new pool share : The system distribute points to all the members above and 15 points on each sides means a cycle. Each cycle pays $200 worth of Bitcoin and another $80 is paid as a matching bonus to the upline through 8 levels of sponsorship.This binary pays up to 10 CYCLES each day depending on your current rank in the system. Once the clock on top of the page hits 00:00:00 all credits that were accumulated on each side of your Binary will be calculated and paid out. All credits that are not paid out will rollover to the next pay period and this process will repeat every 24 hours.During each 24 hour period you can cycle up to the total amount allowed by your current rank. (*even if you haven’t recruited anyone) You can cycle 4 times as a Miner, 5 times as a Builder, 6 times as a Pro Builder, 8 times as a Master Builder, and 10 times as a Monster Builder. All credits that come in AFTER your last allowed cycle for the day will not count or rollover to the next day! These credits will be blocked and you can see all of the credits being blocked on a daily basis due to the cycle limits.
Earning Passive Income
At BitClub Network, we are helping to educate, provide services for, secure, protect, and ultimately profit from the cryptocurrency market. Our goal is to provide many opportunities for our members to take part in. One of the main ways to earn Bitcoin is through our mining pools.
It works like this… You can purchase a share in three different mining pools and all Bitcoin mined from each pool will be paid and shared with all members who are eligible for the pool. You pay either $500, $1,000, or $2,000 worth of Bitcoin for a share of the mining pool. With your purchase, you will receive Bitcoin for 1000 days! A percentage of all Bitcoin mined and paid to you will be used to pay for mining costs and to purchase new mining equipment.
3 Different Mining Pools
Mining Pool #1 — — Each share cost $500 USD that will be used to purchase new Bitcoin mining servers. All Bitcoin earned will be split among all members of this pool and paid out daily. Each share earns 50% profit with the other 50% being used to fund the mining operation and to purchase additional mining shares.
Mining Pool #2 — Each share cost $1,000 USD and just like Pool #1 the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 60% profit with the other 40% being used to fund the mining operation and to purchase additional mining shares.
Mining Pool #3 — Each share cost $2,000 USD and the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 70% profit with the other 30% being used to fund the mining operation and to purchase additional mining shares.
Example: Using Mine #1, if the total Bitcoin mined for the day = 1 BTC and there are 100 shares outstanding then each share would earn .01 BTC. From this total 50% of it would be paid directly to member as profit (.005 BTC) and the other 50% (.005 BTC) would be used to fund the mining operation costs and to purchase additional shares.
So if the value of 1 Bitcoin = $500 USD and you have 1 share then you would earn $5 USD (.01 BTC) of which $2.50 is paid to you and $2.50 is used to purchase an additional share on your behalf. In this case you would purchase an additional .005 shares with your $2.50 and you would have a total of 1.005 shares going into the next day that you are now earning on.
Therefore, we have identified this 1000 day window as an ideal time frame based on how the market is today and this maybe subject to change on future partial shares repurchases.
When you purchase a share of any pool your 1000 day mining contract will not start for 30 days. You will see a total of 1030 days until the shares expire, after the 30 days countdown you will begin earning daily and accumulating partial shares. We have built in this 30 days buffer to account for setting up the mining equipment. This also applies to partial shares.
*Re-purchases: The minimum re-purchase amount to buy a partial share is 0.5% of the full share price in each pool. Each day you will see a portion of the mining earnings paid to your wallet and another portion will be set aside to repurchase additional shares. You will see the balance grow under “unused” repurchases until it reaches the .5% of the total, at this point a new partial share will be automatically purchased and you can track all partial share re-purchases in the tables above or on the Order History page.
For 100% Re-purchases: If you set the pools to push back 100% of your earnings into re-purchases you will earn partial shares faster. Please note that when you have any pool set to 100% you will not see any entries on the daily mining payouts because you are earning back 0%.
Bitclub Debit Card
The Debit Card Batch #2 is currently closed
After all cards are processed we will open Batch#3 and will update this page, thanks for your understanding
Join the BitClub Network
In order to join BitClub Network you must get Bitcoin to pay with! We do not accept anything other than Bitcoin so depending on the country you live in you must convert your currency into Bitcoin and then use the Bitcoin to sign up for BitClub Network. We price everything in USD so that we have a standard price for our products (but we do not accept USD or any other fiat currency).
To sign up, you will need pay a one time $99 USD membership fee that will give you lifetime access to our platform and allow you to participate in our mining pool shares and any other opportunity we provide in the future. You must pay this first to activate your account before purchasing any other products.
Full Membership Includes:
Earn commissions through our referral program
Training and education about Bitcoin mining
BitClub Digital Wallet to store and transfer Bitcoin
Full access to our exclusive Bitcoin Mining pools
ClubCoin Opportunity – Get Free ClubCoin (CLUB)
When you send Bitcoin from your Bitcoin Wallet to the BTC address provided on the invoice it has to be verified by the network 6 times before it will be marked as confirmed and accepted. This process usually takes about 10 min – 1 hour. However, in some cases it may take longer depending on the wallet you are using. Most of the main wallets (coinbase, blockchain, bitpay, etc) all have a fee built in for miners and are very fast.
Once we receive the 6th confirmation your invoice will be mark as paid and commissions will follow. In some cases it might take longer to get 6 confirmations if you are using a wallet that allows you to set a mining fee and this fee is zero it can take 3-4 hours. If you set the mining fee high (standard is .0001 BTC) you will get confirmations quickly.
If you are showing Pending status for longer than 24 hours you don’t need to do anything about it, we have received your payment for the invoice and you are fully active in our system for whatever you purchased, we will just hold the commissions to paid upline until we receive the 6th confirmation.
We also have a redundancy system in place that will check the blockchain for transactions 3 times. So if you send Bitcoin to the address and it does not show up immediately we will try it again within the first 12 hours and then two more times within a 72 hour period. In 99% of cases the redundancy will catch the transaction and mark it paid so we will not investigate a transaction until the 72 hour window has passed. In this case please contact us and we will manually look through the blockchain to determine what happened.
Strict Refund Policy
We have a very strict refund policy due to the speed at which our compensation structure and mining pool earnings are paid out. In most cases you cannot get a refund for any reason unless there is a clear mistake or very good reason for it. Also, this refund request must happen within the first 72 hours of payment or before 3 full pay cycles are paid out. If a refund request is made after this time we will not honor it, however we do offer another option who consist of requesting your mining equiment.
Buyout Option: If you would like to buy out of your mining pool you have an option to do so at anytime during the first full year of your membership. This is NOT a refund, rather this you requesting to take possession of the mining equipment that you have purchased with your share of the pool. In this case you will automatically forfeit all future mining pool earnings in all pools, including earning any commissions from the compensation structure. With this buy out option you will be shipped the sum of all your hashing power at the time you request the buyout. You will take full possession of these miners and will still be eligible for any remaining warranty on the machines. When exercising this option, its final! You will own the mining equipment and be fully responsible for it. If you are interested please open a support ticket and request a valuation of your account. You will be responsible for all shipping and handling charges.
Mining the Bitcoin
Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus.
Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
The complexity of Mining the Bitcoin
As the popularity of Bitcoin increases more miners join the network, which makes it harder to solve these math problems. For this reason Mining is no longer feasible for an individual and it will continue to get even harder. This has led to the creation of Mining Pools, where many people combine their computing power and increase their odds to mine for Bitcoin.
Bitcoin Mining Equipment
Mining equipment is the term used for specialized computer hardware that has been customized to run hashing functions. These machines can be strung together and plugged into the Bitcoin Network (we have a live chart of the total power hashing power here). The mining equipment is basically an ASIC chip that is designed to handle hashing functions. The rest of the “equipment” is used to cool the chip and provide power to it.
We are constantly buying new equipment to leverage our purchasing power on behalf of all BitClub Members. Most of the miners we purchase are from Bitmain (which is the #1 seller of mining gear worldwide). We have built a relationship with them that allows us to get preferred pricing and deploy racks of new servers. In addition, we are able to liquidate some of the older mining equipment with Bitmain through their secondary market and this allows us to maximize profits.
Anytime we sell off older equipment, we give our members a chance to buyout of their mining contracts and take possession of the equipment they purchased. This is based on the total hashing power and value of the existing shares. You can chose to take possession of your miners and cancel your contract at anytime. NOTE… This is not a refund, you are simply giving up your future earnings to take possession of this equipment so you can mine for yourself or re-sell it. You must contact us individually to get a quote for this.
Bitclub Mining Pools
How does BitClub Mining Pool Work?
If you are not familiar with Bitcoin mining here is a very basic overview… Every 10 minutes a new block of 25 Bitcoin is found by someone in the network who is hashing. In order to find a block, you must attempt to solve a simple math problem using a cryptographic hashing function. To see an example of this go to our Pool Website and under Pool Stats you will see a column showing Total Shares in the Round. This is showing how many times we have attempted to solve the math problem since the last Block that we solved.
You will also see the column right above showing Current Block Difficulty. This difficulty is the entire network difficulty which is basically showing how many times on average it would take to guess the correct answer and be awarded the block of 25 Bitcoin. The more hashing power you have the higher the probability is to guess the correct answer and solve the problem. When the total shares in the round are equal to the difficulty it means a block should hit (in theory).
But there is also luck involved and this can be tracked by how many times it actually takes before the block is found. So if you look in the table on this same page at the bottom you will see a list of each block that has been found by our pool (stats are from pool re-launch July 12th, 2015). You will see under the column labeled Diff how many actual hashes our machines performed before guessing the answer and hitting a block.
Sometimes we get lucky and sometimes we get unlucky and go way over 100% difficulty before a block is found. This will constantly vary because of many factors but it also averages out over the long term and the more hashing power our pool has, the smaller the variance will be between blocks. You can now track everything on our page in real time!
Bitclub pay Mining Earnings EVERY DAY
However, because of the variance described above, we pay out earnings based on the average of the previous 10 days and then adjust it accordingly for the next 10 days. When you first purchase a share of any pool you will not start earning bitcoin for 30 days. This is how we stabilize the payout and it also allows us a nice 30-day window to purchase and install new equipment. After these initial 30 days, you begin earning bitcoin daily for 1000 days.
Maintenance Fees & Repurchases: Each day you will earn a percentage of bitcoin mined that will be instantly available for you to withdrawal, you also see another percentage automatically held to cover electricity, maintenance, hosting, and for purchasing new mining equipment. There is a minimum percentage for each pool and these holdover amounts are redeemed in the form of additional shares when they reach a set threshold. Each pool will automatically re-purchase a partial share when it reaches 0.5% of the total share cost of that pool. You will see your total shares increase for 1000 days as you pay back a percentage every few days.
One of the most Powerful Mining Pool in the World
BitClub Pool is unlike any other mining pool in the world. We are able to run this pool 100% FREE to all miners while offering top notch 24/7 support and uptime that you wont find with any other pools.
The reason we are able to operate a zero fee pool AND offer special incentives to miners is that our business model is backed by thousands of members who are participating in the BitClub Network global opportunity.
With this unique business model, each BitClub Network member can purchase mining hardware and share in the total profits of all Bitcoin being mined. These members must use a portion of their mining earnings to purchase additional mining power for a total of 1000 days.
This means our mining pool will continue to grow daily from these members alone and if we can attract more miners to point their hashing power, then our pool will stabilize and become very profitable. This model only works because we pay affiliate commissions to all members of BitClub Network who are referring other members and we are not concerned at all with this pool making any money, we would rather share in 100% of the profits and have the pool itself be non-profit.
Bitclub Mining Verification
As our membership base grows bigger, so does our mining pool and you will see more hashing power being added to our pool website, which you can track in real time. Having more hashing power allows us to hit more blocks on a daily/weekly basis. You can also verify our pool with the following third party resources:
View BitClub Pool on the BlockChain : https://blockchain.info/pools
BlockTrail keeps more detailed records : https://www.blocktrail.com/BTC/pool/bitclubnetwork
Celebrating the 500 Blocks Milestone
Our total amount of Bitcoin mined to date is 13,104 (including transaction fees) which = $5,464,368 at today’s price! If you look at our pool website you will see just under 500 but keep in mind we had 10 blocks mined on our old platform before switching over. You can see the accurate count on the blocktrail.com website avove.
*This total is only Bitcoin mined from our branded pool and does not include all the Bitcoin we have earned mining in other pools or the mining that was done before our pool was even branded on the blockchain. We estimate the total mined to be closer to $7 million.
Many mining operations will be forced to close their doors after July 2016 if they are not efficient and since we have taken the time to build our infrastructure correctly and we continue to be more profitable on a month to month basis we think our biggest opportunity may come after the halving occurs.
Of course, we don’t know for sure what is going to happen at the halving, but we do know our pool will be running on the most efficient mining chips in the world, hashing in the most efficient environment on the planet, giving all members the best opportunity to earn Bitcoin for years to come!
Why Bitclub Share the Profits?
Because of how mining actually works it is always getting harder for smaller mines to make profits. This is actually why mining pools were created in the first place. In the early days, anyone could mine with their home computer and hit a block. Now, even if you have millions worth of equipment you still might be too small to solo mine and be profitable, so the entire industry has quickly turned to mining in pools and sharing profits.
In order to be profitable today, you need to have massive purchasing power and this is where you come in! With our business model instead of raising millions of dollars from a VC firm or private investor, we are allowing members to pool their money together and make large purchases. This means bigger discounts on hardware, fewer electricity costs, and a much more efficient mining operation.
Plus, we have a very strategic way that members can pay for the daily electricity, maintenance, and other costs that come with running a large-scale mining operation like this. This is where our real power and profits come in! By taking a percentage of all the Bitcoin mined and putting it toward a re-purchase we have basically created an automatic “autoship” that members NEVER have to pay out of their pocket. And for chipping in daily you are rewarded with a larger share of the pool. With a structure like this everyone wins! And this is why we believe we can become one of the largest pools in the world!
Why What kind of results to expect?
We never know what tomorrow will be made of but to give you an idea:
Compared to previous month>:
Request your Equipment
If you would like to buy out of your mining pool you have an option to do so at anytime during the first full year of your membership. This is NOT a refund, rather this you requesting to take possession of the mining equipment that you have purchased with your share of the pool. In this case you will automatically forfeit all future mining pool earnings in all pools, including earning any commissions from the compensation structure. With this buy out option you will be shipped the sum of all your hashing power at the time you request the buyout. You will take full possession of these miners and will still be eligible for any remaining warranty on the machines. When exercising this option, its final!
Taking possession of your machine(s)
When you purchase a share of a mining pool, your Bitcoin is being used to purchase actual mining hardware for the pool. We use our purchasing power to get better deals and avoid paying retail. With the volatility of Bitcoin this is very important because the value can fluctuate by +/-10% within the same 24 hour period. This makes an individual share a little hard to value because depending on when you purchased it could be 1 machine, 2 or even more.
For this reason you must contact us by opening a support ticket and requesting a quote on how much hashing power your shares are currently worth. This number depends on the age of your account and the total accumulated shares (including partial shares). Whatever the total is we make you a “buy-out” offer and provide a shipping quote to your location. This could end up being 1 miner, 5 miners, or even 20 depending on the models and your shares so each quote will be personalized to your account and current market conditions.
You are responsible for all shipping and transport fees and you cannot combine accounts to add up to a full share, each account will receive it’s own custom quote. If you would like to take possession of your mining equipment we can even help you set them up and start mining to our pool directly, or any other pool of your choice. Once your buy-out has been accepted we will unplug your machine(s) and start the shipping process. You will not be compensated during this time frame, once you agree to the buyout and the machine is unplugged you will no longer own your mining shares.
Not all of the mining equipment will come in original boxes and they will be subject only to the original manufacturers warranty (if it still exists). You are fully responsible after taking possession of your equipment and must contact original manufacturer for any issues.
Taking possession of your miners will cancel your shares and you will forfeit all future mining share earnings in the pools you cash in. Your membership will remain active and you may still be eligible to earn other commissions or purchase additional shares in the future. Contact us for more details.
What is Ethereum?
Ethereum is the Blockchain of ALL things and it’s starting to become very useful in the market place. Many applications can be built on top of the Ethereum blockchain (stuff like smart contracts to store agreements, property rights, stock settlements, medical records, and pretty much any other records you wish to store using a secure blockchain).
Ethereum runs on a token much like Bitcoin that is called Ether (ETH). This token can be mined just like Bitcoin and uses hardware servers that perform hashing functions to protect and verify the network. Right now Ethereum is in the early stages of its adoption and is really more of a business to the business blockchain, but we know the user friendliness is coming soon.
Ethereum as a technology has big potential and we already see ways to integrate their blockchain, smart contracts, and other services into our platform. We believe the possibilities here are endless and with many of our members holding these tokens, you can bet more opportunities will become available in the future.
Once Ethereum turns from Proof of Work over to Proof of Stake you can continue mining the coins you have earned in your wallet just like with ClubCoin. All you have to do is download the ETH wallet and keep your computer connected.
Bitclub Network Ethereum Mining Pool
Ethereum is really starting to pick up steam in the market and we believe this pool could end up being of big value for those who are able to get a share. Over the past month, we have been mining Ethereum with great success so we decided to open up this Ethereum pool to all members and offer an additional 2,000 shares.
The Ethereum mining pool has been launched on April 1st, 2016 after a successful campaign that sold out all 2,000 shares offered. All mining profits are paid out on ACTUAL mining and run daily. All payments will be made using the Ether token and you must sign up for an Ether Wallet in order to withdrawal your earnings from your BitClub wallet. This works the same way as Bitcoin and ClubCoin.
Each share will cost $1,000 USD (paid in either Bitcoin or ClubCoin). You are actually purchasing real mining hardware. This is not cloud mining or renting hash power, or virtual mining you are purchasing actual GPU mining rigs that will be used to mine Ether and you will own these mining machines outright!
In fact, if you would like to request your machines at any point we can ship them to you! We also have some ideas on what to do with these machines in the future after Ethereum mining moves to Proof-of-Stake and we will let you know what your options are.
The pool will continue to mine Ether for as long as the market will allow it. But just as a warning at some point: Ethereum mining will move over to a different method of mining called Proof-of-Stake method.
Also, after the mining is gone we will still have very solid GPU’s that we can use to mine other coins or that you can decide to take possession of since you purchased them! We will also provide more details about a virtual staking pool opportunity when the time comes.
If you missed out on getting a share of this pool we strongly suggest you take a look at buying Ether directly and holding it long term. This is not an official recommendation to buy and we don’t have any inside information or insight on this we just really believe in the future of this token!
More Ethereum additional resources
We suggest you do your own research and understand what Ethereum is before you purchase a share. Here are some resources to start with…
The Ethereum website: http://www.ethereum.org .
The Ethereum Blockchain: http://www.etherchain.org .
Keep track of all the BitClub blocks mining: https://etherchain.org/account/bitclubpool
Clubcoin is a peer-to-peer digital currency that has a decentralized and consensus based system where all transactions are viewed in a public ledger. Which means nobody has control and everything is completely transparent to everyone on the network.
This type of distributed network allows the coin to function without having to trust anyone. The concept of all digital currency is taking the control out of a central authority and putting it where it belongs… In the hands of the people!
With Clubcoin you can transfer money between accounts with ease. You can send any amount to any other person and they will receive it fast and be able to spend it once the transaction is confirmed by the network
Proof of Stake Method
Clubcoin uses the Proof of Stake method to secure all transactions. This means whoever is holding Clubcoin can decide to use the coin to help verify the transactions in the ledger. This process is called staking and this is how the newly issued coins are introduced to the network.
Anyone can stake coins and be rewarded with newly issued Clubcoin. All you have to do is download a wallet and keep the wallet online to process the transactions. This uses your computing power to distribute and verify the network and you get rewarded.
Clubcoin uses open source code, which means everything is public and can be checked, this is what makes digital currency so powerful. Everything is transparent and available for viewing and nobody has anymore authority than anyone else. Your authority only comes based on how much Clubcoin you are holding and staking and anyone can be part of this network.
Why use Clubcoin
Digital currency will only work if there is a distributed network for it to run on. This requires users to adopt the coin and want to use it. You also need merchants who will accept the coin as a form of payment, and finally you need developers who will create tools, API’s and help bridge the gap to make it easy and practical to use.
Individuals : Anybody can start using Clubcoin to transfer money to friends, family, or to pay for goods and services. Clubcoin gives you complete control over your money because YOU are the only one who can transfer it from your wallet to another wallet. Without your private key nobody can touch your Clubcoin , which makes it very safe and secure. You can also stake your and earn 1% interest for helping support the network.
Merchants : Any business in the world can start accepting Clubcoin for their goods and services. Clubcoin gives merchants more options and felxibility to accept payments from all over the world. Clubcoin is safe, cheap, and easy to use with no charge backs, low fraud and no compliance hoops or banks to deal with. We are also launching a complete plug and play merchant platform that will make Clubcoin even easier to accept.
Developers : Calling all Developers! Clubcoin is open source and we are looking for more developers to contribute to our platform. We are building API’s that will help with exchanges, wallets, and anything else making the coin easier to use. Clubcoin is ideal for micro payments. With the strength of BitClub Network members we believe this coin will be adopted very easily and the ecosystem will be thriving. We would love to have you part of it!
Large Distribution & Low Inflation
80 million Clubcoin was mined to start and these coins are being distributed to BitClub Network members. No new coins will be created using Proof-of-Work method, all new coins will be issued from the 20% yearly interest paid to holders of Clubcoin who are staking their coins. This drops in half every 2 years.
Clubcoin has it’s own Blockchain and distributed network of nodes that make it very secure against attacks and hard to get 51% consensus. Other digital currencies that are only Prook-of-work face issues due to their reliability on large-scale mining operations.
Built-in Users = Adoption
Clubcoin was first introduced to BitClub Network members as a strategic way to distribute the coins across a global network of users. This model gives Clubcoin a unique advantage over most coins in the market as it will continue to be issued and distributed worldwide to a fast growing user base.
A new Merchant Platform is being built that will allow online and brick & mortar businesses to accept Clubcoin very easily with no risk. Since many members will be eager to use this platform we have created a very strategic way to sign up new merchants. We have big plans to grow the entire Clubcoin ecosystem.
Clubcoin Key Features
80 million coins has been pre-mined that will be given away to BitClub Network members and used to secure the network. 50 million of these coins will be given away FREE, 15 million will be kept to secure and launch a staking pool and another 15 million were allocated to key staking partners.
Total Pre-Mine = 80,000,000 ClubCoin
50,000,000 ClubCoins issued to BitClub members
15,000,000 ClubCoins held for Staking Pool and network security
15,000,000 ClubCoins issued in Pre-Mine to key staking partners
Proof of Stake Yearly Mining Payout
20% for year 1 & 2
10% for year 3& 4
5% for year 5 & 6
2.5% for year 7 & 8
1.25% for year 9 & 10
0.75% for year 11 & 12
0.5% for year 13 & 14
0.25% for year 15
NO MORE CLUBCOIN MINED AFTER 15 YEARS
FREE Giveaway – 35 Million Coins
Tier 1: Every $1.00 spent with BitClub you will receive 1 ClubCoin – (20 Million) – SOLD OUT
Tier 2: After Tier1 filled, every $5.00 spent with BitClub receive 1 ClubCoin – (14 Million) – SOLD OUT
Leads Giveaway: Confirmed lead received 5 ClubCoin when verifying their email – (1 Million) – SOLD OUT
FREE Founder Bonuses – 15 Million Coins
Founder 1: Receive 2,000 ClubCoins Free – (1 Million coins issued) – SOLD OUT
Founder 2: Receive 2,000 ClubCoins Free – (1 Million coins issued) – SOLD OUT
Founder 3: Receive 7,000 ClubCoins Free – (7 Million coins issued) – SOLD OUT
Founder 4: Receive 3,500 ClubCoins Free – (3.5 Million coins issued) – SOLD OUT
Founder 5: Receive 1,500 ClubCoins Free – (2.5 Million coins issued) – SOLD OUT
ClubCoin Giveaway dropping down every month
February 2016 : $5 USD spent = receive 1 ClubCoin
March 2016 : $6 USD spent = receive 1 ClubCoin
April 2016 : $7 USD spent = receive 1 ClubCoin
May 2016 : $8 USD spent = receive 1 ClubCoin
June 2016 : $9 USD spent = receive 1 ClubCoin
July 2016 : $10 USD spent = receive 1 ClubCoin
– Etc ………..
This only applied to the $99 membership and the Bitcoin mining pools. The Ethereum pool, debit card purchases, and all partial share purchases do not qualify for this ClubCoin promotion.
ClubCoin Staking Pool
The virtual staking pool that allows you to earn mining rewards by participating in our pools. You have the option to stake as many coins as you want for the time periods of 1 month, 3 months, 6 months, or 12 months.
Once you stake your coins they are locked for the time you select and will be returned to your wallet after the period expires. Each month you will earn your staked rewards that will automatically be added to your Virtual ClubCoin Wallet. You can keep track of all coins being staked at the bottom of the Staking Pool page.
NOTE: Staking your coins is final!
When you select a time period you will not have access to your ClubCoin for that entire period.
Staking History Example
*Total Rewards includes: your initial staked amount plus your monthly mining rewards at the end of your staking period. You will be paid monthly mining rewards every 30 days according to the day listed under Next Pay Day. Once your staking contract reaches the End Date you will receive your original amount plus your last monthly payment.
Rewards cut in half since April 1st 2016
ClubCoin virtual staking pool has been cut in half and it’s now more profitable to download the desktop wallet and stake your coins at an average of 20% return on your coins per year. We dropped this rate to encourage more nodes!
It’s very important we have many nodes for the future of ClubCoin to be strong and stable. The more nodes we can rely on the more efficient and secure the network will be (and the more valuable our coin will be). So please do your part and download the ClubCoin Wallet.
*NOTE: Did you know ClubCoin nodes work based on their location and proximity to other nodes? Think of a big spiderweb, or rather a bunch of smaller spiderwebs that need to spread out in order for remote locations to have a connection. We initially set up 5 geographical seeds and from these seeds the network needs nodes in between to connect everyone together. The tighter the nodes and the more people connected to them the more stable the network is. So lets blanket the entire world with our nodes and create a strong network that can’t be stopped!
There are currently +600 crypto currencies out there and you can count on your fingers how many of them are listed on such external exchanges platforms. *this simply demonstrate the seriousness of the Club Coin & the Bitclub Network team achievements.
Check the value of Clubcoin
World Coin Index is a public listing of all the important coins. Here you can see how all of these top coins are trending over various time frames.
Coin Market Cap is another great source of information.
Purchase and Sell Clubcoin through these platforms
Bittrex is one of the largest coin exchanges around. It is fully compliant with US regulations and with a standard trade commission of 0.25% from both the buyer and the seller.
Clubcoin Related Links
Official Clubcoin Website : http://www.clubcoin.co
Clubcha.in Block Explorer : http://www.clubcha.in
Clubcoin on Twitter : https://twitter.com/Clubcoin_co
Clubcoin Facebook Page : https://www.facebook.com/clubcoin.co
Clubcoin Facebook Support Group : https://www.facebook.com/groups/1006587819437894/
Clubcoin on Github : https://github.com/BitClubDev/Clubcoin
Clubcoin on Reddit : https://www.reddit.com/r/ClubcoinCo/
Install a Desktop Wallet
Step 1 : Download Your Wallet
Go to the official ClubCoin website – www.ClubCoin.co – and select a wallet version to download.
Step 2 : Install the Wallet
After you download the wallet it should automatically launch and begin the installation process. Right now this software is brand new and we are in the process of registering it with the major anti-virus companies to make the download process easier. However, you will likely see a message that the software is blocked or could be unsafe, you will need to give the program permission in order to run it.
Step 3 : Sync the Wallet
After you install the wallet it will launch automatically (if it does not run automatically find it on your computer and open it). When you open the wallet it will be Out of Sync and will need to begin downloading all of the history from the very beginning. This could take up to 1 hour depending on your computer speed. Once the wallet is finished syncing you will see the “Out of Sync” red text go away and this means your wallet is now up to date.
Note: This means you are now a full node for ClubCoin and every transaction will be logged and verified on your computer – You are mining! (or Staking)
Step 4 : Generate a ClubCoin Address
You will see a default ClubCoin address provided under the “Receive” tab on the left side of the wallet. You can generate as many addresses as you want and name them so you can easily keep track of them. All ClubCoin addresses begin with the letter “C” and look and behave just like a Bitcoin Address.
Once you have your address go under My Profile and you will be able to save this address in the ClubCoin address field. Once you save it here the address will be linked to your account and you can easily request a withdrawal just like you do for Bitcoin. (process is exactly the same)
Step 5 : Staking your ClubCoin
After you receive ClubCoin to your desktop wallet the coins will need to go through a “maturity” process. Because the network is brand new this could take a few days so please be patient. This will happen a lot faster in the future as the network security and distribution become stronger.
Your coins will begin staking automatically as long as your computer remains on and the program remains open. As soon as your coins are ready to be staked they will move from “unconfirmed” or “spendable” to stake: You can see this under the main dashboard.
You will also see a green arrow at the bottom of the wallet.. When this green arrow is green it means you are staking. The wallet MUST be unlocked in order to stake.
NOTE: Staking coins (especially early on) can be an unpredictable process. You may see your coins generating new blocks daily, or it could take a long time before you hit a block. The block sizes are also all over the place. You may see 20 coins, 50 coins, 300 coins and random amounts. This will begin to stabilize over time and as the network becomes more mature.
So please understand this and if you are not comfortable taking control over your coins you can leave them in your virtual wallet and participate in our staking pools where your coins are guaranteed.
You can request a withdrawal to your external ClubCoin wallet by entering the amount you wish to withdrawal and clicking “Request ClubCoin” button. For security reasons you cannot enter the address on this page, you must enter the address under your profile page and save it.
In order to obtain a ClubCoin address you must download the wallet from the ClubCoin website
1. First you must add a valid ClubCoin address under My Profile section and save it.
2. Once you have saved your address it will automatically show in the form on the withdraw page.
3. Just click the “Request ClubCoin” to have them transferred to your Wallet*
The total available ClubCoin balance shown in your wallet is rounded up and may actually be lower.
So if you attempt to request the entire balance you may receive an error message. Example if you have 10.9578 ClubCoin available. You may actually have 10.957756 in your wallet so make sure you leave a minimum of .0001 to be sure you have enough to cover the withdrawal.
Sell your Clubcoins
It is NOT recommended to sell your Clubcoins at the moment because the value haven’t start to grow yet. The Smart Payment APP will be release early 2016 and people will start using the Clubcoin for their daily purchases and transactions, resulting in an increase of the value. (*more people using the CLUB = more the value will grow.)
But if for some reasons, you need to sell your Clubcoins, all you need to do is :
1) Sign up for an account with an external exchanges (*listed above) that has Clubcoin listed
2) You transfer your Clubcoins to your new wallet you just created on the exchange
3) You sell them for your desired currency and once they are sold …
4) You withdraw them to your bank account ! (*as simple as that)
Smart Payment App
Introducing the SPA
BitClub Network does not own or operate this Smart Payment App. We have been working side by side with the company developing it and we have been able to negotiate an incredible offer that gives our members exclusive rights to market this platform for a minimum of 1 year. The deal also includes ClubCoin to be used as a native token on the platform along with Bitcoin.
The Smart Payment App is very cutting edge software and there is nothing else on the market like it. The reason it’s a Smart Payment App and not a Merchant Platform is because there is no 3rd party who will control the funds at anytime during the process. The coins will either remain in full control of the customer or the merchant.
This is a big deal because the company will not have to register as a merchant account, money transmitter, or anything in the financial space because they never touch any of the funds and there is no risk or regulation needed for software.
Basically this is just “Smart Software” working together that allows the transfer and easy conversion of digital tokens from one account holder to another. The process is very complex on the backend but very easy on the front end.
BitClub Network has an exclusive deal that can last up to 3 years depending on total growth and overall merchant adoption in the first year. After this period expires the platform will be able to seek outside merchants but until then all new merchants can only sign up through an existing member of BitClub Network.
The company providing the Smart Payment App is fully supporting the merchants and handling all customer support, and they are fully dedicated and available to help merchants adopt this platform.
USA Members participation
Everyone in the world including the United States members are able to sign up new merchants and use the Smart Payment App software without any registration or being subject to any existing regulations. Now that Bitclub Network went out of the US market for the Bitcoin Mining pools, we wanted to explain more about the relationship and the opportunity members have to participate in the merchant platform.
Pay Plan Overview
BitClub Network is running a mining pool and everyone can get a piece of all the Bitcoin being mined. Most other mining pools don’t pay referral commissions, or if they do maybe it’s a one time with no residuals on the people you introduce. This is where BitClub Network is different, we have a cutting edge referral based pay plan that uses Bitcoin mining to offer a unique income opportunity for members.
How do you earn commissions
Bitclub Network offer 3 Mining Pools…
When you purchase a share of these mining pools you are actually purchasing bitcoin mining machines that are being leased to you over a 1000 day period. These machines have been assembled for the sole purpose of mining Bitcoin blocks and we will continue to purchase the latest technology as it becomes available.
For each share that you purchase you will receive a revenue share of all the Bitcoin being produced from that pool. These commissions are paid to you on a daily basis and each pool has their own requirement to use a certain percentage of your earnings to pay for expansion, maintenance, electricity, cooling, and other expenses.
Each person who buys a mining pool share will receive daily profits from the Bitcoin mined. These daily profits vary based on whatever mining is receive and the total shares in each pool. For each share you purchase you will receive daily profits for 1000 days.
The reason our pay plan is so exciting is because you are paid commissions on EVERY person that you share this opportunity with. Anytime they earn Bitcoin from a share of the mining pool you will also earn a percentage based on where they fall in your Level Up structure.
Binary Team Cycle Bonus
When you sign up for $99 worth of Bitcoin you will receive a position in the binary tree structure. This position will not be activated until you purchase a minimum of 1 share in any of our mining pools.
You can begin enrolling new members once you are activated and everyone you introduce to BitClub Network will either be placed on your LEFT TEAM or RIGHT TEAM.
To qualify all you need to do is place one personally sponsored person on your left and one on your right and you are eligible for binary commissions.
For every $500 full share sold in your binary tree you will receive 3 Credits
For every $1,000 full share sold you will receive 6 Credits
For every $2,000 full share sold you will receive 12 Credits
15 Credits Left + 15 Credits Right = 1 CYCLE
1 CYCLE = $200 worth of Bitcoin
All sales including spillover down your left and right legs will count towards your total binary volume.
How many cycles per day
The amount of times you can cycle depends on your rank.
|Rank||Max Cycles Per Day||Daily Earnings Max|
|Miner||4||$800 worth of Bitcoin|
|Builder||5||$1,000 worth of Bitcoin|
|Pro Builder||6||$1,200 worth of Bitcoin|
|Master Builder||8||$1,600 worth of Bitcoin|
|Monster Builder||10||$2,000 worth of Bitcoin|
Binary Matching Bonus
For each $200 cycle paid there is another $80 paid to the upline through a maximum of 8 levels. You do not need to qualify for the first Level because all members automatically begin at the rank of Miner.
To earn on level 2 matches you must qualify at the rank of Builder, To earn on level 3 matches you must qualify at the rank of Pro Builder, and finally to earn on level 4 matches you must be qualified as a Master Builder or Monster Builder.
*You must qualify for these matching bonuses, however, there is no breakage to the company because we use dynamic compression when looking for the next rank in the upline. This means if your sponsor does not qualify it will look upline to their sponsor and so on until it finds 4 people to pay a the qualified ranks.
|Match Level||Payout USD||Rank To Earn|
|Level 5||$10,00||Pro Builder|
|Level 6||$10,00||Pro Builder|
|Level 7||$10,00||Master Builder|
|Level 8||$10,00||Master Builder|
Bitclub ranking system
|Rank||Sponsor||Total Volume||Duration||Qualification Details|
|Miner||0||—||Lifetime||Active Member with $99 membership + 1 share of any mining pool|
|Builder||5||$10,000||Lifetime||Sponsor 5 Miners that each have sponsored 2 Miners. AND have $10,000 in total enrollment tree volume.|
|Monthly||You need a total of 3 Builders under your enrollment tree with each coming from a separate leg. AND you need a total of $50,000 in total enrolment tree volume.|
|Monthly||You need a total of 2 Pro Builders in your enrollment tree with each coming from a separate leg. AND you need $250,000 in total enrollment tree volume.|
|Monthly||You need a total of 3 Master Builders in your enrollment tree with each coming from a separate leg. AND you need $2,000,000 in total enrollment tree volume.|
*No more than 50% of the total volume requirement can be counted from a single enrollment tree leg. Enrollment tree is from the line of personal sponsorship (not binary legs). After your initial qualification there is a monthly requirement to stay qualified, the same 50% rule applies to monthly qualifications.
When someone qualifies for a rank they are instantly paid at that rank for the next calendar month. To maintain each rank a member must meet the monthly qualifier to be paid. If the rank is not achieve the member will move back to the rank they qualify for until the monthly qualifier is achieved, then it will instantly promote them for the next month.
Residual infinity bonus
We like to give leaders a strong incentive to grow and earn on all the volume they are responsible for bringing in, so this Infinity Override is another bonus that pays deep. These simple override percentages below can mean huge commissions because we use dynamic compression to find the next Rank to pay.
|Rank Needed||Generation 1||Generation 2||Generation 3|
Builder: Blocked on volume under the 3rd Builder in your leg.
Pro Builder: Blocked on volume under the 3rd Pro Builder in your leg.
Master Builder: Blocked on volume under the 2nd Master Builder in your leg.
In theory this is not a true infinity override because you could get blocked by having 3 Generations of Master Builders, but if you do end up getting blocked you are going to be very happy about all the other commissions you are earning to get here.
Inside your Member Area
Add Bitcoin to your Bitclub Account
Your Bitcoin Wallet inside the Bitclub Network is flexible with payment options. This is very useful for paying invoices, transferring Bitcoin to other BitClub members and purchasing shares for multiple accounts.
All you have to do is enter the amount of credits you want to buy in $USD below. Our system will instantly create an invoice with that amount and you will have 10 minutes to pay it. Once you pay the invoice you will see Bitcoin (BTC) credited to your wallet instantly.
We have made it very easy for you to pay for other BitClub Members using the money (BTC) in your BitClub Wallet. With this feature you can directly upgrade and purchase shares in any of our 3 mining pools for any member using their username. All you have to do is select the package below and then manually enter the Username of the member you want to pay for.
IMPORTANT: Please take your time and double check your actions before using this transfer system. Since you are instantly paying for an invoice you MUST enter the correct username of the intended member you wish to pay for. In most cases this action cannot be undone due to the velocity of how fast we pay commissions on paid invoices, so PLEASE make sure you enter the correct username. *Usernames are NOT case-sensitive (so if the username is “test” you can use TEST, Test, TeSt, or any combination will work)
Secure Your Account – Don’t Wait!
As we get bigger we will face more and more risks! We have recently seen an increase in the number of support tickets claiming their account has been accessed without their knowledge and either Bitcoin or ClubCoin has been withdrawn to an address that is not theirs.
Please understand there is NOTHING we can do to get your Bitcoin or ClubCoin back if someone accesses your account with your password and gets in. Once the currency leaves our wallet and goes to your wallet we couldn’t pull it back even if we wanted to. So it’s very important that you take the security of your account seriously!
We have plans to increase the security of your account and constantly monitor for IP changes and other things but you can help by doing the following:
Make sure you have a strong password that is not easy to guess
Make sure you verify your email address (we will use this A LOT more in the future to verify actions)
Enable 2 factor through Google Authenticator – (you can do this easily under myprofile page)
Upgrade your Account
You have 2 options to pay the $99 invoice
Option 1: Pay with Bitcoin
Your order is locked based on the value of Bitcoin at this moment. Since this value is constantly changing each invoice is only valid for 10 minutes before it expires. To complete your order just send the Total Bitcoin Amount shown in the invoice above to the Bitcoin Wallet Address provided. You just need to paste both of these fields into your 3rd party wallet and send. Or if you use a wallet that has a QR code scanner you can simply scan the QR code to pay it.
After you send payment the invoice will automatically be marked paid on the “My Account > Add Bitcoin” page!
Option 2: Pay with Credit Wallet
You can pay invoices using your available Credit Wallet balance. This balance can be transferred to you from another member account, earned in commissions or added to your account manually if you have worked out payment in another form.
The power leg strategy
If you intend to start building a team with the Bitclub Network, we suggest that you open a 2nd & 3rd accounts PRIOR starting to build your teams and place those 2 others account below you, one on each side.
You can get as many accounts as you want, as long as they have a different email address and you can purchase your mining pool share from an account below your main one, in order for your main account to get reward with the points.
The Power Leg strategy
Choose a side (left or right) and place your first 3 team members on that side. The important thing here is to teach your new team members to do the same and duplicate that strategy. We call that the “Power Leg” and each new member enrolls their new members in the power leg.
We do that because it takes 15 points on each side to cycle and with a power leg in place = You could have 1 side that builds by itself.
The plan works when everybody does it
Some people have a POINTS GOAL in mind when they start. Example : They focus on building their power leg until they reach 45 points (*it’s like having 3 cycles in the bank)
And when that done, they switch side and they start building the other side (*the money leg) What’s important is to position your first 3 team members on the same side and teach them to do the same.
Step 1 : Contact your sponsor & identify which side is your power leg (*start building on that side)
Step 2 : Place your first 3 team members on that side (*the plan works when everybody works the plan)
Step 3 : Change side and build your money leg – The Bitclub system will reward you with $200 of BTC everytime you have 15 points on each side.
Why create account #2 and #3?
Because you will get rewarded 2X with the points … And don’t forget to create your #2 & #3 using your own link from your main account.
That’s just how the Bitclub Network system works : Every time there are points added to your account, the same points are added to all the accounts above you.
Example: The concept here is to start building your team from your account #2, in order for your main account (#1) to benefit from your work as well.
You place your first members in your power leg prior to building your inside until you cycle, which means that you accumulated 30 points = Your main account now have 30 points on one side.
You repeat that procedure with account #3.
That way, you accumulated 30 points with your #2 account on the left (*and won $200) and accumulated 30 points with your #3 account on the right (*and won another $200)
Your main account with 30 points on each side make you cycle 2 times and you get an extra $400 !
Pro tip for network marketers
Some experienced network marketers are working together already and if it’s your case, it could be judicious to create extra accounts prior to starting build your teams.
Instead of you taking the left side and your partner the right side …
… The same concept above applies to you but you should start working your accounts #4 and #5, in order for accounts #2 and #3 to accumulate points so it could be an incentive to offer to someone in your warm market.
That said, what prevent you of starting your team with accounts #6 and #7 and have 4 accounts to offer as incentives !?!
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