It’s only been three weeks since my last update on this but a lot has happened since then so I thought I’d share with you what’s been going on.
First of all, one of my readers pointed out that my last update needed a little clarification in regards to the earnings I have achieved since joining. This is a passive earning opportunity where you invest in a BitCoin mining pool, your funds go towards purchasing, installing and running high tech mining equipment, and you get paid every day a share on all the BitCoin mined.
Since your investment is spent on equipment and costs associated with running the mine, any BitCoin you earn initially will obviously not be profit because you need to recover your investment costs first. However a portion of your BitCoin are automatically re-invested on a daily basis so your earnings will increase as your shares in the mine increase, and this means that your earnings grow at an exponential rate. It is expected that, at the standard re-investment levels, you should double your shares in the mine in around 200 days. This then means that it should only take 100 days after that to create a third share (as you now have two shares working for you), and now that you have three shares it’ll take even less time to create a fourth and so on.
What this means is that anyone investing in BitClub Network and simply leaving it to run itself, should be looking at recovering their full investment and making a fine profit within a year, and then continuing to make a healthy profit for years to come. But that’s just the start of it. As I write this, on Monday afternoon, I’ve personally earned 1.22140 BitCoin from mining payouts alone. This is about $400 and represents over 11% of my total investment. Three weeks ago that was 5.3%. As you can see the compounding effect is already starting to kick in. It will be interesting to see where that will be in another three weeks and I have difficulty imagining the potential of this in a year or two.
Now, that’s not all. BitClub Network are always re-investing part of the money from mining earnings back into the mine, buying new, faster processors to mine even more, but they are also expanding into other areas so that BCN will continue to produce an income for shareholders even when the BitCoin eventually runs out. One of these is point-of-sale terminals, the sort you see in shops when you pay for goods or services with your bank card, another is a network of ATMs that allow people to not only withdraw cash from their banks but also directly from their BitCoin wallets. The transaction fees on these machines roll into several thousand dollars a week, all pumped back into BCN and paid out to shareholders for years to come.
Here’s a picture of the latest batch ready for dispatch:
Finally, last week BCN released ClubCoin to its Founder members. Founders are people that have invested in all three mining pools at BCN (myself included). ClubCoin is BCN’s own crypto currency that will be launched at an event in South Korea in December. The hope is that ClubCoin will grow in the same way BitCoin has grown and Founder members were allowed to withdraw their ClubCoin and begin staking them to produce more. Staking doesn’t mean they are put at risk, like with betting, it’s just a term to describe how they are used to produce more and so last week I downloaded the ClubCoin wallet onto my VPS, withdrew my ClubCoins from BCN into my wallet and simply left it to run.
I’ve become an actual ClubCoin miner (rather than a shareholder in a mining pool with BCN) and sure enough, over the last five days I’ve mined over 18 new ClubCoins:
I don’t have to do anything for this; I just leave it running on my VPS. It’s quite cool knowing that I’m one of the first to be part of a fledgling currency and if it grows anything like BitCoin has grown then it could be worth a lot of money in a few years. Even if it grew to be worth just $1 a coin, that would be $10,000+ profit for free.
BCN will be launching a ClubCoin mining pool soon too, so you don’t even have to mine this stuff yourself if you don’t want to, you can simply join the BCN pool and take a share of all ClubCoin mined, the same way we do for BitCoin.
The more I look into BitClub Network, the more impressed I am with what they are doing and what this can mean for its shareholders.
It’s shaping up to be possibly the best passive income opportunity I’ve ever seen.
If you wish to receive my regular updates on anything to do with BCN, or if you wish to invest in the mine yourself, then sign up for a free account here:
Tonight at 7pm UK time there is a full webinar about ClubCoin and the benefits of you staking it yourself or leaving BitClub Network to stake it for you.
Russ will also be sharing with you his vision for Club Coin and BitClub Network going forward.
There are only 100 spaces on this UK Webinar so register early. This will be highly informative and if at all possible you should try not to miss it.