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How The BitCoin BitClub Network Works Questions And Answers - Part 5

· 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.

 

If BitClub is already successful mining Bitcoin, why share the profits? This is because of how mining actually works. It is always getting harder for smaller mines to make profits. This is actually why mining pools were created in the first place. In the early days anyone could mine with their home computer and hit a block. Now, even if you have millions of dollars’ worth of equipment you still might be too small to solo mine and be profitable. So the entire industry has quickly turned to mining in pools and sharing profits. In order to be profitable today you need to have massive purchasing power. With the Bitclub business model, instead of raising millions of dollars from a VC firm or private investor, Bitclub is allowing members to pool their money together and make large purchases. This means bigger discounts on hardware, less electricity costs and a far more efficient mining operation. Also, Bitclub have a very strategic way in which members can pay for the daily electricity, maintenance and other costs that are associated with running a large scale mining operation like this.
 

This is where BitClub’s real power and profits come in. By taking a percentage of all the Bitcoin mined and re-investing it in a re-purchase, Bitclub have basically created an automatic ‘auto ship’ that members never have to pay out of their pocket. Also, for chipping in daily, you are rewarded with a larger share of the pool. With a structure like this everyone wins. This is why Bitclub believe that they can become one of the largest pools in the world. My Payment to BitClub Network is not reflecting on the account, why? If you made a payment to the BitClub Network Invoice system then there was a BTC address that you pay to and a specific amount of Bitcoin to be sent. If you are not seeing the payment reflected on your account, your payment to the invoice may be short. To avoid errors, the exact amount of Bitcoin will need to be paid. If you find that your payment is short, you will need to send in a support ticket for further assistance.
 

After purchasing a Bitcoin mining pool share, there is a mandatory ten day holding period prior to the first day of earning. The ten day holding period is for confirmation of payment and proper placement of the share into the mining pool. To see the status of your share, you need to access the mining pool statistics page. How Do I Set Up A Google Authenticator App? To set up your Google Authenticator (GA) App you need to login and go to your ‘My Profile’ section under the ‘My Account’ tab. Scroll down to the bottom of the page and change Disable to Enable. A QR code will appear. You will need to scan this code, with your device to receive your Google Authenticator. This process must be done with a smart phone or App capable device. The Google Authenticator code on your device will be used to input a link for accessing your BCN account.
 

Read more about Bitcoin and The BitClub Network.

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