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  • Bitman posted an update in the group Group logo of Scam AccusationsScam Accusations 2 weeks, 6 days ago

    What do you guys think of the BitClub mining network? Scam or no? To me it seems like the payouts are just unsustainable, if they are only mining a tiny fraction of the Bitcoin coming into circulation (around 1%) how are they able to payout all their members or substantiate their claims?

    • I have been weary of BitClub since the first day I was introduced to it by a friend who is into multi-level marketing. If you do the math, I think you are right they cannot sustain the payouts they promise. My advice would be to avoid networks like these at all costs, if you are interested in cloud mining look for a reputable cloud mining company like Genesis mining. Cloud mining is not likely to be profitable.