Vice life inside a chinese bitcoin mine
26 comments
Best us bitcoin mining pools
One of the largest Ponzi scheme operations, called BitClub Network BCN with thousands of investors worldwide, is obviously run by a gang of international criminals. Medlin was convicted for attempted rape, possession of child pornography and numerous other crimes.
Medlin also stated in the videolink below: BCN operates totally untransparent without any official leadership or security for invested funds. A Ponzi scheme is an illegal investment operation where the operator pays returns to investors with money paid into the operation by new investors and NOT from legit profits earned by actual product or service sales.
New members finance the payouts for all the existing members. This can go on and on and on for weeks, months or even for several years, until no new members join in or the money simply runs out. Usually these schemes shut down without any warning, leaving burned and frustrated "investors" behind, while the money is gone with the wind, making the owners rich! The participating members are just not paid from the mining operations Block-rewards.
Another indicator for a Ponzi scheme. There is NO actual product behind bitclub network, as the money is made by recruting others into the system. The club explains their "product" to be the mining operation and they claim, that the participants should own a piece of the mining hardware, even though these participants are not allowed to know. I assume, that this fee is very high and will not cover the investment costs in any way.
They might even ship some old Antminer with no actual value at all. YES, Network Marketing is actually a legit business form, though widely abused by criminals, hiding behind great success stories and achievement by Tupperware, Amway, Herbalife, Avon, Mary-Kay and others.
Damaging their reputation and image in the public, stealing customers away from real products delivered by real people. No matter if these products are digital, paid with crypto or physical paid with crypto or fiat currency.
I decided to get more information around BCN from the inside to get proof-of-work in crypto terminology. This fee gives you access to the BCN-platform to be able to invest in the mining operations. The fee grants you access to:. A registered member can choose between 3 pools. A total waist of money, but hopefully it can spare others to be as stupid as I was. BCN doesn't pay anything for the first 10 days!
From day 11, they pay around 0. If you decide to include the meaningless membership-fee, you will need to make at least 0. I make around 0. You could just buy and hold Bitcoins or even better Steem and you will make that profit, too. The companies different websites look pretty nice, as did ZeekRewards, another large scale Ponzi-Scam, obviously linked to the same group of people. Plenty of evidence in this post. You are obviously sucked into BCN already. Reality in the present day have disproven a lot of your idea?
I am not having a go Just that what you say is not true with what bitcoins have done now I am surprised why people call this a ponzi scheme It is a long standing company. I have recently joined.
I have referred noone as I do not like that sort of activity. And I am earning everyday. In time I will set up my own mini network under myself and earn more. This is one of 2 systems I am a part of that have done very well for me. It is a scam, just like bitconnect was. They just keep running this ponzi for as long as possible. My conclusion so far: You can also do both, you know Its not a boolean decision. OMG now they are in Romania and trying to get "clients".
How do I get rid of them? All happening on facebook. I can really tell you only wrote this post to get attention. Obviously you don't know shit about network marketing and even less about Bitclub Network. I guess that is why you don't even have a profile picture. Some people eat dumb pills for breakfast and signup for BCN, some think twice and decide not to.
Those who don't consider not to fund convicted pedofiles and just hodl. I saw Jeff Berwick interviewing one of their guys, so I decided to do a google search. When I typed in Bitcoin club in google, the top search fills in Bitcoin club scam and this is how found this post.
I should've known better that this is a scam if Jeff Berwick is interviewing them. There's a video of Jeff drunk trying to explain to a client why he can't get the foreign passport for them like he promised.
Have a look at it - should not be hard to find. I was drinking the coolaid of Jeff then I realised there was a problem. After that I then dug a bit deeper into Bitclub and found some doubts. I saw that video awhile ago. The the truth is they were both doing something a little bit shady. The client was trying to buy a secondary passport and Jeff Berwick's contacts were sort of shady politicians. But to be fair both Jeff and the client claim to have anarchist values so if they view a law as unjust or useless an anarchist will just ignore it.
Best case scenario Jeff was trying to sell a passport and the contact he had screwed Jeff. Berwick is not a scam artist.
He might prefer to recommend investments in which he gets a cut or a kickback, but that same behavior occurs with all politicians, Fortune s, and probably your Uncle Ted. You should do your own due dilligence with any investment, but clearly this is no different to any other Wall Street offering, and probably more legit. Huge mistake your making. This article is nothing but lies. You're letting a pathetic idiot who knows absolutely nothing about the industry or BCN dictate your life.
I am not lying, you just can't face the fact, that you have put your money in this black hole with minimal returns. Do your own research and don't call me a liar. Would be worth Correct, but Jeff might not know. It seems most people don't care. If it pays large commissions everthing else is forgiven, even child abuse and rape. The guy behind did his time, now everything is ok. Well it is NOT!
Fact upon fact is incorrect here. FUD spreaders like you are the reason an unedited Steam can never be trusted and will become a graveyard for greedy crypto wannabes. Do your own research! Everything here is based on facts. Just because you don't want to see it, it is still true! Because you're buying mining machines for a fraction of the cost that'll generate you way more Bitcoin in the long run instead of just buying and holding Bitcoin. It's a no-brainer and BCN is making investors very rich worldwide.
If you're interested in learning more about the club, feel free to email me and I'd more then happy to educate you on it and help you along. Read my comment below Info and one of the most reparable mining operations in the world. Guess you didn't know that before you decided to write this pathetic ignorant article, did you?
Do you think for a second that Richard Branson would risk ruining his billion-dollar empire dealing with a colleague who was involved in a Ponzi scheme. There's nothing wrong with reinvesting a portion of your money back into the pools, due to the fact that it's used for upgrading our mining equipment, technology, and for purchasing faster more efficient mining chips. If you're foolish enough to believe this moron then so be it This is probably not for you if you're the type of person who believes every single non-credible article on the internet.
This is the kind of putz that would write an article about, how he found a cure for aids and posted it on all of his social media feeds. STOP reading garbage on the internet. I'm not saying don't do your due diligence, by all means definitely do so, but stop the madness and believing everything you read on the internet.
It's poison to your brain Damn shame there's people out there like this 'tool' ruining the reputation of rock solid companies like BCN, working hard to make a huge difference in this world.