more@bitclubblog.com
+27 83 444 9888
Now, no sign of Bitclub Network on the Blockchain Bitcoin mining hashrate distribution piechart?

Over the last few months, I’ve found myself writing more and more negatively about Bitclub Network – something that I’m uncomfortable with, considering that since 2015, I’ve always been a loyal and hardworking member. The truth is, I am nowhere near as enthusiastic about Bitclub’s offering, or prospects, as I once was.

There are very good reasons for this.

For one thing, the mining earnings are disappointing – and have been for some time.

For another, hardly any of the promises of new products have seen the light of day.

For another, I sense a lack of direction as to a way forward.

And for another, I sense a real lack of passion and drive from the founders or co-founders.

Whereas we used to see videos of presentations or interviews on You Tube, today we see nothing.

Whereas we used to hear of visits of members to the bitcoin mining facility in Rekjavik in Iceland, today, nothing of the sort.

Whereas we used to hear of company events in Dubai and incentive trips planned, today, not a word…

As I’ve mentioned in previous blogs, my colleague and I administer a sizeable Bitclub Network team, and whilst the majority of our team members remain quiet (likely due to a lack of understanding), there are a growing number of people within our team who are expressing their displeasure at how things are turning out, or have turned out.

No-one can blame them for doing so.

There are thousands of people in South Africa who have parted with their hard-earned money buying shares in Bitclub Network mining pools, and many of them are now querying why they did so. Hardly a day goes by in which we don’t hear of members wanting their money back.

And what do we hear from Bitclub Network itself? Hardly anything. Yes there are occasional updates (not nearly enough in my opinion) and yes there are reasons given for why this and that is happening, or not happening, but there is NOTHING to excite members like there used to be when I first joined as a member in 2015.

And now, to our dismay, we see that Bitclub Network is no longer appearing on the Blockchain bitcoin mining pie chart; a chart displaying the hashrate distribution amongst the largest bitcoin mining pools.  This is something that is of considerable consternation to a number of people in our team, and I’m sure, to many people who are not.

My colleague and I have been watching with concern how from occupying 7th or 8th position on the pie chart, we have of late down to occupying 2nd last or last position, hitting just 3 – or fewer – blocks a day. Not good. And now even worse, we have dropped off the hashrate distribution pie chart altogether….meaning that we are not hitting ANY blocks, and meaning that we are no longer amongst the most popular bitcoin mining pools…

See the pie chart on www.blockchain.com

No sign of Bitclub Network, as you will see!

Now I don’t profess to possess a great knowledge of Bitcoin mining, but I certainly hope that there is a reason for our dismal mining performance, and that we will soon be seeing the name “Bitclub Network” reappear on the chart and taking its rightful place amongst the top Bitcoin mining operations. If not, I anticipate growing disillusionment amongst members for sure..

Other Bitcoin mining companies seem to be hitting a decent number of blocks per day. Why not Bitclub Network?

One of our (more vocal) team members asked the question a few days back: If Bitclub is hitting only a few blocks per day, how are they managing to pay members? And whether if  paying members through the sale of new mining pool shares,  that does not constitute a PONZI scheme? This question really took me back because I have NEVER thought of Bitclub Network as a Ponzi scheme or pyramid scheme. (To my mind, a Ponzi or pyramid scheme is where money is made and distributed only through the recruiting of others. In other words, there is no product. With Bitclub, there are two products – Bitcoin mining and Bitcoin trading. This alone ensures that Bitclub CANNOT be classified as a ponzi scheme!

This said, if there is no mining happening, well then, questions arise…

Let’s just HOPE that Bitclub reappears on the hashrate distribution pie chart sooner rather than later…within DAYS if possible, and that the reason for us dropping off is communicated to members as a matter of great urgency.

I really look forward to writing positively about Bitclub Network again because I’m a believer in the organisation. But the leaders really need to up their game and do what needs to be done.

If the Bitcoin price rises significantly over the next few months and Bitclub’s mining earnings do not, expect to hear a growing crescendo of complaints.

People have invested a lot of money in mining pools in South Africa and deserve to be decently rewarded. As things stand, they are earning a pittance.

Those within Bitclub who are still selling mining pool shares (I am NOT one of them) should at all times make prospective buyers aware that whilst Bitclub’s compensation plan is good (generous even), its mining earnings are not at all attractive. Honesty to people about to part with their hard-earned money is all that is asked for.

I look forward to writing more positive news next time!

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 around the world with his business partner and colleague, Derek. 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. (This is hugely important!). 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

 

 

 

 

 

12 Comments

  • Peter Posted August 28, 2019 8:24 pm

    We truly need more and more leaders of your caliber Gerard. Leaders that are transparent in their business operations, clear business ethics, Leaders that are very considerate of how many a people earn their hard earned money some pensioners looking for good opportunities to invest their monies in. I salute you for your honesty and clear conscience shedding more light on investment with Bitclub Network we hope they will get their act back together again. Many thanks and kindest regards Gerard

    • Gerard Posted August 29, 2019 4:52 am

      Nice of you to say Peter – thank you. Yes, let’s hope so indeed. For all of our sakes….Regards, Gerard. 083 444 9888

  • Sibongile Posted September 1, 2019 8:35 pm

    Thank you for this blog and for your integrity. It makes me feel I am not alone. Is there a Bitclub office in Johannesburg. The person who introduced me left the club and I have tried a few people to help me but in vain.

    • Gerard Posted September 2, 2019 7:33 am

      Only a pleasure Sibongile. No, the office in Rosebank has been closed. Regards Gerard. 083 444 9888

    • Gerard Posted September 11, 2019 5:43 am

      Unfortunately there is no longer an office in Jhb Sibongile. Yu’re welcome to message me on whatsapp. Regards Gerard. 083 444 9888

  • Dave Langley Posted September 2, 2019 5:58 am

    The http://www.bitclubnetwork.com site is down and has been for a few days. Support had not been responding for some time before that.

    • Gerard Posted September 2, 2019 7:32 am

      Dave I have absolutely no idea what is going on. Very frustrating. Regards, Gerard. 083 444 9888

    • Gerard Posted September 3, 2019 7:53 am

      Dave, it should be back up in a few days. Apparently the server crashed. If you add me on whatsapp, I could send you the info I have. Regards, Gerard. 083 444 9888

  • tsholofelo segatle Posted September 10, 2019 7:11 pm

    Well thanks for that honesty Gerald! What a coincident that when Bitclub network disappeared from the Blockchain pie they happen to have a server problem? My assumption is that since there has been a decline in member sign ups there hasn’t bee any more money to run the business or to pay withdrawals as many has since been pending! Because it has been a pyramid scheme or ponzi scheme. And the fact that no one is claiming to be the founder but a group of investors and marketers it’s clear that we dont have anyone who can take accountability for all of this! It hurt to see how some have taken out their children saving yo invest in this and to never get a single penny out!
    I checked on google the bitcoin network hashrate and Bitclub seem to show on even if I dont know what it means! But its generated on the 10th of September 2019

    • Gerard Posted September 11, 2019 5:42 am

      This is an interesting take on things Tsholofelo. I have never considered Bitclub to be a ponzi scheme, but there is no doubt that there are question marks over its current state of being – and how they are managing to pay commissions. That said, I am only a member as you are, and I can only go on what I see. There is an updated notice on the Bitclub website so you may want to check it out. I’d appreciate you connecting with me on whatsapp so we can communicate privately. Regards Gerard. 083 444 9888

      • Leroy Posted November 5, 2019 9:02 pm

        Hi Gerard
        You give excellent and honest thoughts on this company.
        But I honestly think this company is finished.
        Our money is gone!
        Bitcoin is still new. Companies that venture into a new space that promise to individuals money is nothing new. And unfortunately as humans we keep falling into the same trap. Falling for these empty promises. And left in tears.
        Bitclub network. Is the same thing.
        It’s over

        • Gerard Posted November 13, 2019 10:52 am

          Hope you’re wrong, but Bitclub really needs to get its act together! As for me, I’m focussed on Karatbars now. Regards Gerard. 083 444 9888

Add Comment

Your email address will not be published. Required fields are marked *