We have discovered that BitClub Network offers a very viable solution for anyone, layman and professional alike, who is keen to get into a highly profitable bitcoin mining venture in a hassle-free manner.
The Way to Mine Bitcoin these days is via a Mining Pool
BitClub Network have combined the power of crowdfunding to provide a very unique and timely opportunity in the Bitcoin industry. By joining a Founder Pool, the latest mining equipment (currently the AntMiner S9) is purchased, delivered and set up at their mining facility in Iceland.
Bitcoin mined is paid daily to members based on the share of the pool acquired. The mining proceeds are paid directly to the members’ back office wallets, which they may withdraw at any time.
So, why mine bitcoin with BitClub Network?
BitClub Network’s mining operation is held in Reykjavik, Iceland, and for a very good reason. Iceland provides the perfect environment for large scale mining. Not only is the temperature cool all year round, but the island provides 100% clean and renewable energy by utilising natural hydroelectric and geothermal technology. This leads to a mining operation that does not pollute the air, which underscores a very responsible and green way to mine bitcoin.
With the combined network power of bitcoin that grows continuously, the amount of electricity used is incredibly high. By using clean hydroelectric and geothermal power which offers electricity tariffs cheaper than anywhere in the world, coupled with the much required cooling that is fully natural and doesn’t rely on additional energy, overheads are kept to a minimum, retaining most of the mining profits for members.
The following video explains the reasons why BitClub Network chose Iceland for its main mining site:
BitClub Network has consistently held a Top 10 position in hashrate distribution in the world. Sometimes they are at thirteenth position, sometimes they are at third – on average around tenth position daily. This information is easily verifiable on third party sites at www.blockchain.info and www.blocktrail.com. It is also one of the best ways to check if a company or community is truly involved in mining, as the world’s largest mining pools and miners will be found listed here, and will not be otherwise listed if they didn’t have the hardware to account for the hashrates.
As bitcoin mining is based on a hashcash proof-of-work in the validation of blocks in a competitive race against other miners around the world, only the miners with the fastest and most power efficient mining equipment and setup will stand to gain significantly worthwhile profits.
BitClub Network is also listed on a number of established news sites as one the largest bitcoin mining pools in the world.
BitClub Network understands that the only way to mine profitably, other than keeping the overheads low, is to invest in the fastest and most power efficient mining hardware in the world. This is one way they stay ahead in the competitive race against other miners around the world. At the moment, BitClub Network uses the BitMain AntMiner S9, currently the fastest and most efficient mining hardware available based on a 16nm ASIC chip. This equipment offers the highest hashrate at a lower power consumption – all critical factors in profitable bitcoin mining.
But this community goes a step further. The moment a faster and more efficient mining hardware becomes available, the current or older hardware is sold off on the second hand market and is replaced with newer machines, all accomplished without re-injection of funds from the member. This is done through smart segregation of mining proceeds for maintenance and future costs, to ensure members do not fall out due to lack of available funds along the course of mining.
This reason is a valid and important one, as anyone planning on mining bitcoin from home on an individual basis will realise that keeping up with this exercise in the years that follow will be a tough challenge.
BitClub Network also has a working relationship with the manufacturer of the mining hardware, and is offered the first right of refusal by the manufacturer for the hardware that they produce and sell. Any hardware that is not bought by BitClub Network is then only sold off on the open market.
BitClub Network is guaranteed the hashrate based on the total mining hardware that they continually purchase. The mining hardware located at the BitClub Network mine in Iceland are looked after by the technicians from the manufacturer themselves, who will pull in additional resources if there is any drop in hashrates due to downtime caused by malfunction of equipment. This ensures that the mining operation remains consistent within limits in global hashrate distribution and that they do not see drastic drops in earnings for technical related issues. It is important to note here that those who mine with their own rigs at home do not experience these benefits.
On top of the daily mining proceeds, BitClub Network also has a comprehensive compensation plan that rewards its members further for sharing the mining pool plans. This works extremely well in conjunction with BitClub Network’s main mining activity.
For more specific questions about mining and BitClub Network, see the FAQ page.
Or go right ahead and start mining with the BitClub Network community today.