Bitcoin has been one of the most successful cryptocurrency projects to date. Even after the hard recession presently affecting cryptocurrencies, bitcoin still remains to be the best-valued crypto coin around the globe.
Bitcoin was invented to be used as a payment method and as that it has not had a lot of other uses compared to other cryptocurrencies like Ethereum, whose smart contract technology has seen a lot of use in governments, business, and even organizations.
However, Bitcoin is mined and the miners make a lot of money by mining the bitcoin coins. The mining process normally generates new bitcoin coins and also verifies transactions carried out through the Bitcoin Network.
Bitclub network claims to be a mining pool for mining bitcoins. It was founded by blockchain experts back in 2014 with a sole intention of creating an unparalleled opportunity for bitcoin miners. Its main objective was to help investors to acquire bitcoins in a much easier and affordable way.
A few years ago, miners had to purchase the latest mining hardware, purchase special mining software and then access a public mining pool and even after getting started, they had to keep on upgrading the system to stay competitive and all that was very expensive to start and maintain. Furthermore, the mining process consumed a lot of power and also time.
Thanks to technology since today there are much easier and cheaper ways of mining bitcoins like by signing up with different mining pools such as the Bitclub Network. By joining a mining pool, you will not have to purchase costly mining hardware or even use a lot of power mining. The network does all the work and you get the rewards.
Although we have tried to gather more information about the creators of Bitclub, it has been impossible to even access the main website of this robot. It is not clear who its founders are, nor are there any shared testimonies that give any clarity about this robot.
In general, we suggest our users stay away from this kind of scheme to avoid losing their capital or putting it at risk.
Because of the ostensibly never-ending and ever-growing development of crypto bots, traders, miners, and investors do not always find it easy to differentiate between a scam and genuine bots. Every crypto investor will have his/her own reservation regarding any new crypto bot that they come across.
Although Bitclub has been in operation since 2014, it does not seem to qualify being called a crypto bot. It is more of a mining pool than a crypto bot. So for investors looking for a crypto bot, this is probably not what you are looking for.
Bitclub will of course not do any trade for you according to their description but rather promises to give divides from mining.
We all know that you can’t walk into a bank ATM to withdraw any cryptocurrency unless you first convert it into a fiat currency that you can withdraw from a bank. Cryptocurrencies are digital currencies and they only assist in virtual form.
To get a cryptocurrency you will have to purchase it over a crypto exchange or mine it; though not all cryptocurrencies can be mined. There are those crypto coins like bitcoins that can be mined. And for others, all coins are already available and you only have to purchase some from an owner via the exchanges.
Bitclub claims it was invented to help in mining bitcoins in a much cheaper and easy way without the need to purchase all those expensive mining hardware and software.
The developers of Bitclub argue that you only buy into a mining pool for $500, $1000 or $2000 or even decide to buy into all the three mining pools together. By buying into this mining pools, you enter into a mining contract with Bitclub and the contract lasts for 1,000 days. During that period, you receive a share of any bitcoin that the network mines.
Bitclub is by all means not a crypto bot. If you want a crypto bot, you should consider opening an account with a verified cryptocurrency trading robot like Bitcoin Code, which is tested and verified.
Below are the steps to opening a Bitcoin Code account and doing automated trading using it:
No. the registration process is free of charge.
Bitclub is by far not a crypto bot and we could not recommend traders who are looking a cryptocurrency trading robot to invest with it. instead of risking your money by putting it into a mining pool business, why not choose an alternative and register with a verified crypto bot like Bitcoin Code.
Bitcoin Code is one of the verified automated cryptocurrency trading service providers and we can recommend using it.