Didintle Bitclub Network

18/04/2018

Why BitClub Network is a real deal? You can check below link to verify that BitClub Network is the real deal.

1) You can check our mining profit everyday in Blockchain. Blockchain is a public ledger, record daily Bitcoin transaction. Everyone can use Blockchain because Blockchain is an open source:

a) https://blockchain.info/blocks/BitClub%20Network

b) https://blockchain.info/pools

2) Mining pool which support Bitcoin Core will appear in this website (BitClub Network support SegWit):

https://www.blocktrail.com/BTC/pool/bitclubnetwork

3) BitClub Network rank no. 4 in bitcoin mining pools signalling SegWit:

https://themerkle.com/top-6-bitcoin-mining-pools-signalling-segwit/

4) Bitclub Network also featured in Bitcoin Magazine:

https://bitcoinmagazine.com/articles/where-bitcoin-mining-pools-stand-on-segregated-witness-1480086424

5) BitClub Network also featured in Cointelegraph. It aims to educate people on Bitcoin and Blockchain:

https://cointelegraph.com/news/durban-bitcoin-seminar-aims-at-educating-south-africans-on-crypto-opportunities

6) BitClub Network track record, 2015. BitClub Network ranking no. 13 from 21 company:

http://www.businessinsider.my/bitcoin-pools-miners-ranked-2015-7/9/ .97

In 2016, BitClub Network ranking no. 6 from 18 company:

http://www.businessinsider.my/bitcoin-pools-miners-ranked-2016-6/ .97

7) BitClub Network mines its first bitcoin unlimited block during Hard Fork issue. Before this, BitClub Network use SegWit Protocol to mine bitcoin:

https://news.bitcoin.com/mining-pool-bitclub-network-mines-first-bitcoin-unlimited-block/

Investor have visit BitClub Network mining pool in Iceland. Why Iceland? Why Verne Global?

a) https://verneglobal.com

b) https://en.m.wikipedia.org/wiki/Electricity_sector_in_Iceland

c) http://www.coindesk.com/space-time-how-bittorrents-creator-is-attacking-bitcoins-waste-problem/?utm_content=buffer8393e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

9) BitClub Network also listed in Coin.dance. Coin.dance is a community website on bitcoin statistic and services.

https://coin.dance/blocks

10) BitClub Network is among the first mining, pools to upgrade their software to the latest Bitcoin Core version:

https://themerkle.com/bitfury-and-bitclub-mining-pools-upgraded-to-new-bitcoin-core-version/

11) Fred Gondzar, president/CEO of Healthy Wealth, LLC, also join BitClub Network to mine bitcoin:

https://cointelegraph.com/news/bitcoin-mining-in-2017-how-to-remain-profitable-in-challenging-environment

12) BitClub Network is among the first mining, pools to upgrade their software to the latest Bitcoin Core version:

https://themerkle.com/bitfury-and-bitclub-mining-pools-upgraded-to-new-bitcoin-core-version/

13) BitClub Network featured on Nasdaq news:

http://m.nasdaq.com/article/russias-crypto-winter-shows-signs-of-a-thaw-in-saint-petersburg-cm809082

13/01/2018

What do I get from Bitclub

02/01/2018

What is Bitcoin Mining Terence David

https://youtu.be/cC5OqZRhmo8

bitcoin mining bitclub network http://bitclub.bz/shah6126

28/12/2017

Know your Cryptocurrencies*

Number of Cryptocurrencies - 1376

- Bitcoin
-Eretheum
-Ripple
-Bitcoin Cash
-Litecoin

Number of Markets to trade - 7394

- this is where you can buy all the above cryptocurrencies

Cryptocurreny Market Cap: $547,338,952,047 (43.8% is dominated by BITCOIN

Trading Volume last 24h Vol: $29,369,291,502

Terence David

* Source www.coinmarketmarketcap.com

27/12/2017

Blockchains and the block reward

The core of mining is the idea of block rewards. For most coins, these are given to the person/group that finds a valid solution to the cryptographic hashing algorithm. This solution is a mathematical calculation that uses the results of previous block solutions, so there's no way to pre-calculate answers for a future block without knowing the solution to the previous block. This history of block solutions and transactions constitutes the blockchain, a sort of public ledger.

What is a block, though? A single block contains cryptographic signatures for the block and the transactions within the block. The transactions are collected from the network, typically with a small fee attached, which also becomes part of the block reward. There's a difficulty value attached to the solution for a block as well, which can scale up/down over time, the goal being to keep the rate of generation of new blocks relatively constant.

For Bitcoin, the target is to generate a block solution every 10 minutes on average. For Ethereum, block solutions should come every 16 seconds. That's obviously a huge difference in approach, and the shorter block time is one reason some people favor Ethereum (though there are others I won't get into). Simplistically, the number solution has to be less than some value, and with 256-bit numbers that gives a huge range of possibilities. The solution includes the wallet address for the solving system, which then receives all the transaction fees along with the block reward, and the block gets written to the blockchain of all participating systems.

Think of it as panning for gold in a stream—you might get lucky and find a huge gold nugget, you might end up with lots of flakes of dust, or you might find nothing. If the stream is in a good location, you make money more quickly. The difference is that with cryptocurrencies, the 'good location' aspect is replaced by 'good hardware.' Terence David

27/12/2017

Is Bitcoin a bubble?
A fast rise in price does not constitute a bubble. An artificial over-valuation that will lead to a sudden downward correction constitutes a bubble. Choices based on individual human action by hundreds of thousands of market participants is the cause for bitcoin's price to fluctuate as the market seeks price discovery. Reasons for changes in sentiment may include a loss of confidence in Bitcoin, a large difference between value and price not based on the fundamentals of the Bitcoin economy, increased press coverage stimulating speculative demand, fear of uncertainty, and old-fashioned irrational exuberance and greed. Terence David

27/12/2017

How does mining help secure Bitcoin?

Mining creates the equivalent of a competitive lottery that makes it very difficult for anyone to consecutively add new blocks of transactions into the block chain. This protects the neutrality of the network by preventing any individual from gaining the power to block certain transactions. This also prevents any individual from replacing parts of the block chain to roll back their own spends, which could be used to defraud other users. Mining makes it exponentially more difficult to reverse a past transaction by requiring the rewriting of all blocks following this transaction. Terence David

27/12/2017

How does Bitcoin mining work?
Anybody can become a Bitcoin miner by running software with specialized hardware. Mining software listens for transactions broadcast through the peer-to-peer network and performs appropriate tasks to process and confirm these transactions. Bitcoin miners perform this work because they can earn transaction fees paid by users for faster transaction processing, and newly created bitcoins issued into existence according to a fixed formula.

For new transactions to be confirmed, they need to be included in a block along with a mathematical proof of work. Such proofs are very hard to generate because there is no way to create them other than by trying billions of calculations per second. This requires miners to perform these calculations before their blocks are accepted by the network and before they are rewarded. As more people start to mine, the difficulty of finding valid blocks is automatically increased by the network to ensure that the average time to find a block remains equal to 10 minutes. As a result, mining is a very competitive business where no individual miner can control what is included in the block chain.

The proof of work is also designed to depend on the previous block to force a chronological order in the block chain. This makes it exponentially difficult to reverse previous transactions because this requires the recalculation of the proofs of work of all the subsequent blocks. When two blocks are found at the same time, miners work on the first block they receive and switch to the longest chain of blocks as soon as the next block is found. This allows mining to secure and maintain a global consensus based on processing power.

Bitcoin miners are neither able to cheat by increasing their own reward nor process fraudulent transactions that could corrupt the Bitcoin network because all Bitcoin nodes would reject any block that contains invalid data as per the rules of the Bitcoin protocol. Consequently, the network remains secure even if not all Bitcoin miners can be trusted.

27/12/2017

What is Bitcoin mining?

Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network. This process is referred to as "mining" as an analogy to gold mining because it is also a temporary mechanism used to issue new bitcoins. Unlike gold mining, however, Bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network. Mining will still be required after the last bitcoin is issued. Terence David

27/12/2017

Is Bitcoin a Ponzi scheme?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.

Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses. Terence David

27/12/2017

What determines bitcoin’s price?

The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile. Terence David

27/12/2017

Why do bitcoins have value?

Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment. Terence David

27/12/2017

How are bitcoins created?

New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.

The Bitcoin protocol is designed in such a way that new bitcoins are created at a fixed rate. This makes Bitcoin mining a very competitive business. When more miners join the network, it becomes increasingly difficult to make a profit and miners must seek efficiency to cut their operating costs. No central authority or developer has any power to control or manipulate the system to increase their profits. Every Bitcoin node in the world will reject anything that does not comply with the rules it expects the system to follow.

Bitcoins are created at a decreasing and predictable rate. The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence. At this point, Bitcoin miners will probably be supported exclusively by numerous small transaction fees. Terence David

10/12/2017

The core of my business is Bitcoin Mining ⛏️

We continue to expand as fast as we can we have announced having a total of 1,156 PH already paid for and in the pipeline. This power will be turned on from now until the end of January.

To put this in perspective it took us nearly 3 years to build up to 360 PH and we were excited about placing orders of 5 and 10 PH at a time. Now we will have almost 4 times this amount in just a few short months coming online. This will push our pool into the top 5 in the world.

We are already planning another large purchase in December for new equipment that will be deployed around March/April.

We will soon see a 30 000$ Bitcoin, the question is not "if" but "when"

Question is will you be positioned in one of the worlds largest data centers to profit?

03/12/2017

http://bitclub.bz/morwafi

17/11/2017

Welcome to $8000