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Is it still worth buying a share in a Bitclub Network Bitcoin mining pool? Yes or no?

As a member of Bitclub Network in South Africa since 2015, and as a Master Builder, I get asked this question a LOT.

And my answer is: it depends.

If you are looking to join Bitclub Network purely as an investor (a “miner” in other words), and you have NO intention of recruiting others and building a team, my suggestion is that you wait until such time as the Bitcoin price rises significantly and the mining earnings improve. (I believe that this might happen towards the end of this year, or the first or second quarter of next year).

If you are looking to buy a share in a mining pool AND introduce others so as to build a team, my suggestion would be that you join asap.

I say this because Bitclub Network’s compensation plan is excellent: hugely generous. (If you’d like to view the video explaining the compensation plan, you’re welcome to email me on more@bitclubnetwork.co.za)

Over the last year or so, Bitclub Network’s mining shares have not been good. Whereas in 2015 and 2016, mining earnings were excellent (between 3 and 5% return per month on average), they are now less than 1% per month.

Low mining earnings are an INDUSTRY problem, not exclusive to Bitclub Network.

Can they improve? Yes of course. When? No one can predict this, although a higher Bitcoin price of late shows encouraging signs of a turnaround.

This video explains Bitcoin mining and the challenges that are currently being faced – and is well worth watching in my opinion:

https://youtu.be/zVlnabLd86w

Unless you are joining Bitclub Network with the intention of building a team, I PERSONALLY would not join at this stage.

If you ARE intending to build a team – join.

Here are the steps to take:

Register as a free member under an existing paid member. Ask the existing member to either enrol you, or to send you their personal link.

If you don’t KNOW a paid member, you’re welcome to use my link.

https://bitclubnetwork.com/gerard/signup.html

If you do register on my link, you’ll be in my team and will be added to our whatsapp group. Once you’ve registered as a free member, you’ll need to open a Bitcoin wallet and buy Bitcoin. (If you need help with this, we can assist you).

Once you’ve bought your bitcoin, you’ll need to upgrade and then buy a share in a Bitcoin mining pool.

The cost of a share in a Bitclub mining pool?

1 share in Pool 1 will cost $500 (Pool 1 is the entry level pool)

1 share in Pool 2 will cost $1 000

1 share in Pool 3 will cost $2 000

1 share in the Founders Pool – giving you 1 share in each of the three pools – will cost $3 500

(Note that all share purchases need to be paid in Bitcoin).

The most important thing in the joining process is deciding who to register under.

If you register under someone who DOES NOT have a good understanding of the Bitclub Network business, you may encounter problems down the line. (Simply because this is a complex business, and sadly, many Bitclub Network members do not equip themselves with the required knowledge to fully support their team members – this is my opinion, anyway)

Our advice to people who want to join Bitclub Network purely as investors/miners? Or who don’t have the approximately R8 500 to buy the entry level pool, Pool 1?

Message me on whatsapp +27 83 444 9888. My name is Gerard.

Gerard Kavonic was one of the first people to join Bitclub Network South Africa in 2015. He has the rank of Master Builder. He has two websites: www.bitclub.co.za and www.bitclubblog.com and co-administers a sizeable team with his business partner, Derek. Note that anyone wanting to join BitClub Network as a paid member must register as a free member first. If you’ve already been introduced to BitClub Network, you should register under that person, assuming that he or she has a good understanding of the business. If you don’t have anyone to register under, you’re welcome to join under username GERARD or on the following link: https://bitclubnetwork.com/gerard/signup.html Gerard can be reached on +27 83 444 9888 and on gerard@kavonichone.co.za and more@bitclubnetwork.co.za

 

10 Comments

  • j a thomas Posted May 25, 2019 4:57 pm

    I must say I’m really disappointed in bitcoin mining, invested 95000 last year ,and had hoped to have received a failygood earning.but so fa I have only got back to date around 8000 .if this was to go on in three years 24000,that is a massive loss of my original earnings,as you can imagine I am not a happy camper. And yet but bitcoin network are still boasting that it is the best way to make money. This in my eyes is fraud.but give them there due if you read the small print there is nothing you an do.very clever .

    • Gerard Posted May 25, 2019 5:31 pm

      I hear you Elena. Whereas Bitclub Network’s mining share earnings were really good when I joined in 2015, this is no longer the case. For a while now, I’ve been discouraging people from buying mining shares UNLESS they intend to build a team (as Bitclub Network’s compensation plan is excellent). In the meantime, I’m personally focussing on what I believe to be the only crypto game in town at the moment. It will be interesting to see the mining earnings when the bitcoin price goes back up to $20 000 and more. Only once I see meaningful returns will I start to encourage people contacting me to buy mining pool shares again. Elena, I will email you.

      • j a thomas Posted May 26, 2019 3:50 pm

        Thank you for your comments,it’s nice to be answered

        • Gerard Posted May 29, 2019 1:53 pm

          Pleasure Elena. Hope you received my email? regards, Gerard. 083 444 9888

        • Gerard Posted August 5, 2019 5:46 am

          Only a pleasure. regards Gerard. 083 444 9888

  • Cynthia Segage Posted June 14, 2019 7:54 pm

    Happy to be with bitclub network

    • Gerard Posted August 5, 2019 5:46 am

      How long have you been with Bitlcub for? And are you just mining? Or building a team? Regards Gerard. 083 444 9888

  • Seitebatso Posted August 4, 2019 7:59 pm

    I’m so disappointed I joined bitclub last year with R10000 but now I earn only R261.00

    • Gerard Posted August 5, 2019 5:45 am

      We are all in the same boat unfortunately. The mining earnings are terrible. It is for this reason that I can no longer promote the purchasing of mining pools as the returns do not justify the purchase. If one’s intention is to introduce others and build a large team then joining Bitclub Network makes sense as its compensation plan is excellent – but just to mine, no. What I suggest is that you set your repurchase to 0% and gradually get your bitcoin paid out. And if you have a minimum of R2800 to invest elsewehere, message me on whatsapp. Regards, Gerard. 083 444 9888

    • Gerard Posted August 7, 2019 7:47 am

      Many of us are disappointed unfortunately. The mining earnings are really poor. Hopefully we will see an improvement when the bitcoin price reaches a certain level. Lets hope so! regards, gerard. 083 444 9888

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