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How The BitCoin BitClub Network Works Questions And Answers - Part 4

· Bitcoin,BitClub Network,Crypto Currency

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin on your behalf to grow a stable and increasing investment for you, please Join BitClub Here For Free. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions Contact Clyde Thorburn Here.

Does BitClub Network Guarantee a Return on Investment (ROI)? No. Very important to understand that Bitclub does not guarantee a mining share will have a set return. In fact, you will never hear Bitclub make any claims about how much you will earn from having a share in the Bitclub mining pool because the truth is Bitclub does not 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 the Bitclub business model that requires re-purchases or more simply daily maintenance fees. You need to be aware of the fact that 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 cloud mining company is actually mining, so Bitclub recommends that you steer clear unless they are very transparent. BitClub is not a Cloud Mining company, everything Bitclub have can be verified.

What is 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. Bitclub have and can show you at any time that you request it, a live chart of the total power hashing power. 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. Bitclub are constantly buying new equipment to leverage Bitclub purchasing power on behalf of all BitClub Members. Most of the miners that Bitclub purchase are from Bit main, which is the number one seller of mining gear worldwide. Bitclub have built a relationship with Bitmain that allows Bitclub to get preferred pricing and deploy racks of new servers. In addition, Bitclub are able to liquidate some of the older mining equipment with Bitmain through their secondary market and this allows Bitclub to maximize profits. Anytime Bitclub sell off older equipment, Bitclub give their members a chance to buy out 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 choose to take possession of your miners and cancel your contract at any time.

You need to know that 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 Bitclub, as an individual, to get a quote for this. Why is my invoice showing Pending Confirmation? 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 typically takes anywhere from ten minutes to one hour. Once Bitclub receive the sixth confirmation, your invoice will be mark as paid and commissions will follow. In some cases it might take longer to get six confirmations if you are using a wallet that allows you to set a mining fee and this fee is zero it can take three to four hours. If you set the mining fee high (standard is .0001 BTC) you will get confirmations quickly. Bitclub also have a redundancy system in place that will check the Blockchain for transactions three times. So if you send Bitcoin to the address and it does not show up immediately Bitclub will try it again within the first twelve hours and then two more times within a seventy two hour period. In ninety nine percent of cases the redundancy will catch the transaction and mark it as paid so that Bitclub will not investigate the transaction until the seventy two hour window has passed. In this case please contact Bitclub and they will manually look through the Blockchain to determine what happened.

Read more about Bitcoin and The BitClub Network.

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