Q & A concerning Bitcoins, Bitcoin Mining, Mining Pools, Bitclub Network, and More

What are Bitcoins?

Bitcoin is the first decentralized digital currency.  They are not controlled by any government, person, or bank.  They are digital currencies you can send over the internet compared to other alternatives.  They are transferred directly from person to person via the internet.

  

The fees to send Bitcoins are lower than Western Union, PayPal, or bank transfers.

You can use them all over the world, and your account cannot be frozen like PayPal or Bank accounts.

How do Bitcoins Work?

Several currency exchanges exist where you can buy and sell bitcoins for dollars, euros, and more.  There are multiple ATM Kiosk around the world where you can exchange your bitcoin for money. 

Your bitcoins are kept in your digital wallet, on your computer or cell phone.  Sending a bitcoin is as simple as sending an email.  They are accepted worldwide.

The bitcoin network is secured by individuals called miners.

Who Uses Bitcoin

Anyone can use Bitcoins to buy products or services, or pay for products over the Internet.

 

Over 100,000 businesses accept bitcoins in the US and over 500,000 worldwide.

More and more businesses are accepting bitcoin because businesses get paid within seconds, the risk of chargebacks are lower, it's safe, and the merchant fees are lower than Merchant Fees.  

Are Bitcoins Safe?

 

Bitcoins are safe because the miners have to confirm that the signature is unique and private.  Every transaction must be verified by the Bitcoin mining network before being validated.   It is impossible to duplicate.

What is Bitcoin Mining?

Everyone that uses Bitcoin becomes part of the Bitcoin Network.  Miners use special software to solve math problems that verify all transactions and they get rewarded with Bitcoin

After transactions are verified they are recorded in a public ledger by the miners.  The bitcoin community would not function without the miners.

What are Mining Pools?

Mining pools were invented when it became almost impossible for individual miners to solve the math problems to make bitcoins.

Group of miners got together to deal with the growing difficulty of bitcoin mining.

Each miner gets paid a share of the profits by pooling together their resources.

What is Bitclub Network?

Bitclub Network is a team of experts, investors, professionals, coders, and programmers who understand this market. 

Bitclub mines more than one type of digital currency.  Once they are mined they are converted into bitcoin.  This allows them to be a lot more profitable than other mining pools.

Bitclub uses its own software that controls the mining hardware, and they use it to mine for the most profitable coins.

Bitclub also pays referral commissions.  When you refer new members into Bitclub Network, Bitclub will pay you commissions in bitcoin.

How do you get started with Bitclub Network? 

You pay a one-time membership fee of $99 in bitcoin. Once you are a member you can participate in the mining pools and start earning passive income.

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