Mining on Bitclub Network

#1

Hi guys I recently purchased some shares in the GPU and mining pools of BitclubNetwork and made a small mistake so if someone out there is planning to invest please read my article on Steemit.

1 Like
#2

Thanks Upvoted. I made a spreadsheet analysing buying hashpower and it turns out that your better off just buying the BTC directly. This was with Genisis mining @ $30 for 200G hash power. I bought some myself before properly looking into it. If the hashing power maintained its returns for infinity then this would be a great option but I don’t think most people realise that the difficulty of mining increases and the returns gradually reduce to zero. You barely get back your initial investment after about 11 months before the returns reduce to zero. If the $30 was just spent on BTC directly then you would gain from all of the 11 months price gains rather than just part of them. I will see if I can dig out the spreadsheet.

1 Like
#3

@David_Wyness you probably right but GPU shares can be used in different crypto and you choose where to point your power. cloud mining is different however am not advertising BitclubNetwork rather advising on possible mistakes you could make if you were to invest.

#4

Thanks for the info. Can you share any other experiences so far with GPU mining with this company?

#5

@circlenofurther when you buy them there is a waiting period of 30 days before you start earning profits and right after that your 2000 days will start the count down, as of now am still some days to start, will keep updates about my experience in the future.

1 Like
#6

Thanks man. Keep us posted!

#7

I drop my link here if someone feels like trying to check it out. Traveliando

#8

Hi guys I took the time to look at an important fact regarding BitClub and I shared this video on Steemit if you are interested on bitcoin mining with BitClub this will clear some of your fears. If you would like to join under my sponsorship and support me please click this link

BitClub not a Ponzi