The cited reason for the switch was the rising cost of bitcoin transactions. We hoped that a scaling solution would emerge, but that’s not the case, and while Bitcoin continues to gain in popularity, it’s no longer how can I register for bitcoin? How can I start bitcoin mining? for a company like ours to accept it. 40, just to send Bitcoin for a bill. Bitcoin cash from a stock exchange or wallet providers to register mining pools or buy.
You can also convert your existing BTC to BCH, but either way it’s just BCH! As a company we are mixed with this decision because Bitcoin is really great for miners right now. All of these high fees will be passed on to the blocks and eventually taken down into the pocket of each one. BTC and the highest was 11. With so much profit, we will continue to pay Bitcoin mines and all mining wins in Bitcoin. However, we no longer accept Bitcoin for payments and all commissions are also paid in Bitcoin Cash.
This is typically when ROI liabilities of online Ponzi schemes spiral out of control. Had the company been exclusively using revenue generated mining to pay ROIs on each of these contracts, there shouldn’t have been a problem. Unfortunately that didn’t go anywhere, and so now the company is once again trying to squeeze as much as it can out of every invested dollar by switching to a cheaper altcoin. They started operations way back in 2014. They must be veterans at scamming. Does anyone know if they are still paying promptly?
City Employee Fined for Mining Bitcoins on Work Computer
I also saw that they are listed as miners at blockchain. They rebooted in 2016 by cancelling OG ROI contracts. They’ll come up on two years again this year but 2000 days gives them a lot of room to slowly steal from investors. Think of it as Ponzi fraud by two thousand cuts. We don’t really care what you have to say but you always talk about integrity and I’m letting you know you are lying and if it was on accident now you know.
2 years, there was never a reboot or anything like that, you just don’t understand what happened and that’s ok. Just remember this when you are calling us a scam 3 years from now. By the way you can track all of the btc and eth that has been mined. We don’t even need any new people to join.
So why didn’t they just register their legitimate mining opportunity with the SEC and continue to operate in the US? Crypto mining investment is not illegal in the US. Please provide evidence of this and the use of mining profit to pay affiliates. And sadly that’s all it comes down to.
As long as you’re able to steal money from people who join after you, you couldn’t care less. At least be honest about your thievery. One of the Germans living in Dubai that takes millions in Bitclub network. No worries for him how and where most of his money comes from.
BTW this is one of the BCN mining wallets, if you did even a little research you would know that. Contracts were never canceled the way you are saying. Unless you can prove revenue generated via mining is being used to pay BCN affiliates, a link to some random wallet means what? Smoke and mirrors mining accounts !
Stated reason was to save money, ie. We’re not getting enough new money in to continue paying a ROI on these contracts and need more breathing room. So stop shilling for Ponzi schemes. Wittke has a miserable reputation in Germany. In Germany he is known as a network-grasshopper and notorious. I don’t think a ponzi would have a tour of their mining facility for members do u? Showing people a bunch of mining rigs that may or may not have anything to do with affiliate ROI payouts is perfect smoke and mirrors.
A legitimate mining company has no need to operate illegally in the US and then pack up shop and run away when people start asking questions. Will they even be around then? Maybe it’ll just be aunts uncles and nephews? Deb: I don’t think a ponzi would have a tour of their mining facility for members do u? Have you ever heard of a penny stock called cmkx? They went so far as showing mining equipment for diamonds and being backed by Nascar. I watched a huge race car event with the sign advertising cmkx at the race.
They then went onto blaming the SEC and brokerages for shorting the stock. Do not believe everything you are being told without verification. How do you know that all other MLM-minings are ponzi? It took me nearly 1 year and several Top-Leader Supports to get one withdrawal from bcn and also the the mining-results are much too low. Does anyone have info on this? Doesnt everything needed two wallets so you’d be able to transfer mined amounts out and into your personal secured wallet to avoid theft.
So if you have transferred your mined coins how would you lose it or have it stolen by them? Most of the time people leave funds in their backoffice to reinvest. In this meetup advertisement link below you can see TCG is the organizer pimping Bitclub Network. First of all, Bitclub Network is mining Bitcoin. The amount of money you earn is dependent upon the amount of time you build your business. The product is mining and people can build networks. If people are making money off this and they are legitmatiely mining Bitcoin and paying people for mining earnings then that’s a product.
YOu can call it low payouts but that’s a program and you can compound your earnings and reinvest into more mining pools or shares in the company. My friend here Vegas has been with Bitclub for over a year and has made 25 bitcoins with 2 founder positions. Don’t hate on something you don’t understand. It’s easy to call everything a scam like Bitconnect but harder to see the value in something just because it has a binary system which has tons of network marketing potential doesn’t mean it’s bitconnect or even Herblife. People want to mine Bitcoin right now and this gives them a chance and to build a network. Explain to me how that is a scam if they are still in business and the product is mining?
Chinese Bitcoin Mining Industry Moves Overseas After Regulatory Crackdown – China Money Network
Where are the third-party audited accounting reports? Your friend recruits gullible suckers such as yourself, he or she steals your money and you’re left coming on here to defend financial fraud. Ponzi schemes run as long as new investors sign up. Cryptocurrency mining is perfectly legal in the US. Oz: the top investors are all Zeek Rewards Ponzi veterans. Do you think it’s smart giving your money to a gang of known thieves?
You are either one of them, a thief, or you are their prey. Do you know which one you are? 2018, most of the opportunities offered out there, related with bitcoin or cryptocurrencies along MLM, are or have been Ponzi scam and this site Behind MLM has made a good job, informing the people about all of them. In my opinion Bitclub has demonstrated, that they are no perfect but they are legit.
For my that is a fact, based in trusted third party information like Blockchain for example. MLM format, could show that from blockchain? News show that Bitclub was the first to mine the first 8MB block for Bitcoin Cash. MLM format, could show that from trusted third parties sites? Is that means Bitclub is perfect?
Bitclub is legit as cryptocurrency opportunity with MLM system. Could a person get involved in Bitclub as a Investor only without inviting anybody and after 1000 days, make a profit? GPU mining is full of variables that create the risk of loosing partial or total money invested. Bitclub is not only legit and real crypto mining they are a crypto proyect. Behind Club Coin they created Coin Pay. Japan and soon the would announce an agreement with VISA to allow traditional business to accept main cryptocurrencies, including club coin owned by Bitclub and more than 300,000 members using it and recommending it.
Again, can we guarantee tha Club Coin is going to worth more in the future an people who own it, will se profits? Multiple mining contracts were terminated because they were draining new investment. This isn’t how a legitimate mining company operates. The rest of your claims are the usual promises cryptocurrency scams make to gullible investors in non-English speaking countries. I want to respect your opinion as I believe you respect mine. I notice about your replays that you hate Bitclub Network.
Blockchain as a one of the biggest mining pool worldwide is because really are one of the biggest but also a legit one. Roger Ver a born us citizen and the owner of Bitcoin. US is becoming an out date system in a global and connected world via Internet. In this new world with real results and have accomplished result that not body else in the sector of Crypto MLM opportunities have accomplished . US and other countries authorities to adapt their system to this new world. I believe there is a huge mistake there, but I know you have the right to believe that just because you want. Readers would read haters like yo and supporters like me about bitclub and some of them will join us while other will join haters.
A legitimate mining opportunity registers itself with securities regulators in every jurisdiction it operates in and provides the public with required legal disclosures and timely filings. I’m not in the habit of making completely untrue statements. Same as any other Ponzi scheme. And anyone who invested back in 2014 already had their contracts cancelled because they were draining the system too much. I just want to provide information from a different point of view so readers will have different point of views to create their own.
Ozedit: Unregistered securities have been illegal in the US since 1933. They are also illegal in most civilized countries. If you want to support criminal activity that’s fine, do it somewhere else. The German series fraudster Arno Balzer writes today in the German MLM forum mlm-infos.
Step 3: Select your payment method
50 million per month currently paid in mining earnings to the club members. He must think the readers of his lies are very simple-minded. New site and back office with upgraded functionality is just days away if not sooner. Confirmed 1,000 PHs of power going online around July 15th.
🔔 Weekly Schedule
Confirmed Montana data center will be up and running by August and by September we should have 2,500 PHs of power or more. This power will make our individual machines mine much more. This is really big and will put this company ahead of any mining company in the world. My recommendation: Go to work now!
Forget what your machine is mining now. Have vision we are going to PHASE 2, WHICH WILL BE MUCH BIGGER THAN PHASE 1. Put people on zoom with me and build as many machines clusters in your group as possible. It’s like saying you’re going to purchase five additional PCs for the office, and that as a result everyone’s existing PCs will magically run faster.
A good friend of mine has been trying to get me to sign up under her for about a year. I did all my research, found all the articles explaining the Ponzi scheme but none showing that people are actually making at least their investments back. The numbers that some people dare to post show that it’s impossible to get your investment back if you solely rely on your pools. So recruiting is the way to go.
2000 USD to invest are being removed from the group to keep the hype going. The mining part is sort of legit as you can track the mined coins however the payout and the MLM side of the things certainly is not. Do you know the german forum mlm-infos. To date, 13 months later, this promotional thread for the scam was only 6,166 times clicked. Incidentally, this is a German lawyer.
I will have a look at that forum. I live in Canada at the moment so they don’t recruit actively here but I know enough people back home that I’m trying to save from these scams. Most of the On-line opportunities are offering high returns, some of them say they invest in forex, bitcoin mining or trading. Bitclub offer a legit investment in bitcoin and GPU mining.
They appear on Blockchain so, we the members know they are doing what they say they do. Who knows how many crypto are we going to accumulate in 1000 days and what they will worth? 3500us and after 1000 days it only creates 0. Will I be happy or Sad? 6,000 us will I be happy or sad?
Always do your research
2 variables fail and we lost part of all our money. We the bitclub members accepted that risk, that is fully disclosed on the official Bitclub webpage. Never limit your due-diligence to information from someone in a scam or their opinion. Due-diligence is about facts, none of which are presented by Javier.
You can’t because it’s run by ex-Zeek Rewards Ponzi scammers who provide you zero disclosure. So all you’re left with is the knowledge that it’s a scheme run by serial Ponzi scammers. I’m not here posting my referral Bitclub link or personal information to recruit people so, believe me I’m not here to convince anybody. I’m here just to share my opinion based on my experience as a Bitclub member. Does it mean they are scamers?
People who are informed know that I’m not lying or saying anything that is not true. And you seem to have a short memory. Nonetheless the US remains the fourth largest source of traffic to the company website. But my point is ripping people outside the US is far less riskier. The owners, who were Zeek Rewards Ponzi investors, have also clarified they’re avoiding regulators. Any legitimate business has no need to avoid regulators in the US. But uh yeah, totally a legit business.
I’m not interested in your opinions on cryptocurrency in general. 2014 have made the right thing for its members. And as we saw with USI-Tech, showing up on the blockchain with a mining pool is not substitute for regulatory disclosure and audited accounting. In summary no legitimate business operates in this manner. Your thoughts on the US government and cliched financial industry conspiracy theories don’t change that fact. Notify me of follow-up comments by email.
Feedback Ken: “I am getting progressively more frustrated that these two are not behind bars. Keep making me look utterly insane. Oz: Where did the membership fees that are supposed to pay commissions go? All trademarks, logos and images are copyright of their respective owners and used under the provision of Fair Use. IO is a place for everyone who wants to simply buy and sell Bitcoins.