Handcuffs for this crew.
October 23, 2014 8:09 AM PDT
Handcuffs for this crew.
October 13, 2014 7:55 AM PDT
A BitClub Network press release posted yesterday. Seems to be posted by a marketer, not the company. Even so, the company should have some type of compiance policy to help prevent the scrutinity of regulatory agencies sooner than expected:
Southfeild/Michigan/USA – WebWire – Sunday, October 12, 2014
Introducing the fast and most lucrative way of earning digital currency, with the help of Bit Club Network. The users are requested to join our team, where they will receive Bitcoin on a daily basis, for 1000 consecutive days. The coins relate with real revenue, without any recruitment or listing. Moreover, the members do not have to go through any monthly subscription or any other form of Autoshop while becoming a part of BCN. Through this networking platform, people will come to know more about the digital currency, Bitcoin and other profitable deals. The main aim of this site is to offer you with the latest information on Bitcoin mining pool.
Through this club, people will come to know more about bitclub network, which they can share with other team mates if found out to be useful. Even though not an official company website, but the main aim of this site is to help you built up the upline. You are likely to come across bitcoins, worth minimum $599. On the other hand, interested candidates need to pay a one-time fee of just $99 in order to become the member of this networking club.
There are certain interesting offers available for the first 500 members. Bit Club Network will offer a founder pack with the first 500 members. This is 1 share of the mining pool for a total amount of $3500, which will automatically help in qualifying for the Founders Mining Pool. Therefore, every one of this group can share 1% of the Bitcoin mined, for the company’s life. Apart from that, BCN will help you to know everything, related with Digital currency, for a positive transaction. Moreover, there are no limitations on the amount of a person, to come in and join for the multiple positions.
Therefore, you can land up with a full spot of $3500, along with other two spots for any share. The shares are categorized under three sections, $500, $1000 and $2000. You have the liberty to make a lump sum amount of profitable deals in the binary section as it relates with crypto currency. According to the leading spokesperson of this club, “Some of out clients are coming in with one position and finally receiving a net amount of $20,000 worth shares in mining pool. On the other hand, some are even landing up with seven positions, each with three shares, at a rate of $500 each.”
In case you are suffering from a tight budget plan, come in terms with BCN and with $500 share plus $99 for a membership fee. If you can refer someone to join this club, you will get a commission or a partial share of the other player. It solely depends on the commission you make, in mining pool 2. If you plan to refer someone in mining pool 3, you will land up with daily profits on paid mining, even without becoming a group of pool 3. The profit might be on a partial ground, defining it as the Residual passive income. This information is valid for different types of shares.
You can avail the earnings from your team immediately in your back office. You can even spend the money right away, by helping others to join your club and pay as much you wish for. You can take help of your upline or other sponsor, for some immediate help. On the other hand, you can take help of earned commissions, in order to buy some extra share for your use. The Bit club network professionals can help you with basic steps to get the primary bitcoins and start your networking platform. You can even set your bitcoin wallet or account, under strict guidance.
For detailed valid information, please log onto ( deleted )
About the Company:
Bit Club Network is going to offer you with the lucrative and innovative way, which can help you to earn some fast digital currency, Bitcoin. This club is going to help the professionals share their ideas with the fellow mates. This is not part of any official website, built by the upline.
Bryan Hicks
Team
BitClub Network
My snarky commentary:
Is it "Bit Club Network" or "BitClub Network". The headline and body of this press release don't jibe.
For $99 I can become a member of BitClub Network and receive what exactly for my membership fee? "The users are requested to join our team, where they will receive Bitcoin on a daily basis, for 1000 consecutive days. " So when I join for $99 you are then going to request I join your "team" for between $500 and $2000 so I can receive some magical yet undisclosed number of BitCoins each day for 1000 days? Let's see an investor prospectus. Let's see some details on exactly what kind of BitCoin mining equipment is being purchased, and how you are going to be competitive with the numerous BitCoin mining collectives already established out there.
"You are likely to come across bitcoins, worth minimum $599. On the other hand, interested candidates need to pay a one-time fee of just $99 in order to become the member of this networking club."
Get your numbers straight. As of yesterday, one BitCoin is worth about $379.00.
"You can avail the earnings from your team immediately in your back office. You can even spend the money right away, by helping others to join your club and pay as much you wish for. "
Huh? Is this English?
Is stand by my original assessment. BitClub Network is complete scam. The exact kind of scam I thought would start popping up when I wrote a post a while back about BitCoin MLM's being the new Penny Auction MLM scams of the year.
October 17, 2014 7:24 AM PDT
Rumor has it that BitClub Network has launched - and in my opinin it should be accompanied by a major Scam Alert and BitClub Warning.
On October 14th the company's Facebook page ( 9064 likes so far ) stated that the mining pool would be going live within 24 hours. Yesterday, the post Facebook page stated:
"BitClub Network mining pool earnings are LIVE! Enjoy your daily bitcoin!"
i could not find any info on the BitClub bitcoin mining results, though there was a reference online to a blog promo released shortly after launch, translated from Indonesian, that appeared to claim that BitClub Network paid between .3 and .8 percent of the mining "investment" daily.
As a comparison, Zeek Rewards, which was closed by the feds, paid out close to 1.5% in it's fraudulent scheme before being shut down. I commented in another thread, before the launch of BitClub, that I felt BitCoin's created a ripe scam opportunity that these less than savory marketers could exploit in the same fashion as Zeek Rewards and Zeekler did with penny auction "investments" and investment "compounding".
Other blogs have pointed to a direct relationship between prominent promoters of BitClub Network and prior involvement in Zeek Rewards. T. LeMont Silver, who was specifically named by Zeek Rewards receivers as a large beneficiary of ponzi gains, was an early video promotor of BitClub Network.
This time around, the BitClub Network ownership seem to be going to great lengths to conceal their identities and location:
BitClub is not owned by any one person, we are a team of experts, entrepreneurs, professionals, network marketers, and programming geeks who have all come to together to launch a very simple business around a very complex industry. Anyone can join BitClub and begin earning a passive income by taking advantage of our expertise in Bitcoin mining and other Bitcoin related services.
The domain registration for BitClubNetworks.com is hidden behind a proxy, and can't be identified easily online. But there are always loopholes...
The IP address for the domain resolves to 50.63.202.21 - a static IP address owned by GoDaddy.com hosting. The actual domain could be hosted elsewhere, with an IP redirect.
The page itself contains a frame for the website BitClub.bz - which resolves to IP address 109.201.133.198. BitClub.bz is registered through Enom.com, which has it's own lookup, which lists the domain regiration info as:
Registrar Registration Expiration Date: 2015-09-12 22:10:00Z
Registrar: ENOM, INC.
Reseller: Namecheap.com
Registrant Name: BIT CLUB
Registrant Organization: BITCLUB NETWORK
Registrant Street: 13 BANUL ANDRONACHE ST
Registrant Street: 5TH FLOOR
Registrant City: SECTOR 1
Registrant State/Province: BUCHAREST
Registrant Postal Code: 011663
Registrant Country: RO
Registrant Phone: +40.212319481
Registrant Email: support@bitclubnetwork.com
So if BitClub Network is not a scam, why is a hidden registration required in Bucharest, Romania of all places?
Related: http://repspace.com/forums/topic/1888/are-bitcoin-mlms-the-new-quot-penny-auction-quot-scams