1. BCN's mining farm is located in Iceland where electricity tariff is low due to the use of geothermal and hydroelectric power. This significantly reduces overhead, leaving more of your bitcoin earned to be kept as profit. Cooling is provided naturally by the cool ambient air.
2. BCN is given a guaranteed hashrate by the manufacturer of AntMiner S9 that they currently use, which means that if there is any drop in hashrates or downtime in machines, additional resources are deployed to keep the hashrate at the agreed number. This sort of arrangement is not possible if you were to mine with your own rig, and you would need to constantly monitor its performance for downtime.
3. BCN is doing actual mining as can be verified on the blockchain.info website on the hashrate distribution chart for major miners across the world. The crowdfunded community is constantly growing with an increasing capacity in combined hashrate, with mining carried out with actual mining hardware. There are companies out there who claim to be doing mining but who don't actually possess or run their own machines, and some even go as far as to use the bitcoin phenomenon to capitalise on the gullibility of the public, without doing any actual mining at all.
4. One of the most important aspect of BCN's operation, which cannot be downplayed or underestimated, is their program for repurchases. This allows the current batch of mining hardware to be replaced and upgraded to the latest version when it becomes available, in order for the community as a whole to remain relevant in the mining race against other miners around the world. The older machines are sold off in the second hand market. This arrangement is possible without reinjection of funds by members, due to a repurchase plan and earnings apportionment that sets aside bitcoins mined for future use, equipment maintenance, and purchase of partial shares that keep the contract perpetual. Without this in place, the community as a whole would not be able to mine profitably and sustainably in the long term.
5. BCN has referral and compensation plans that allow members to build residual incomes, but only if they choose to want to do so. Earning bitcoins with BCN does not require members to do this, and most members are quite content with parking and sitting and earning bitcoins over time without doing much else. However, the compensation plans are there for those who wish to build. This building portion cannot be underestimated as well, as with this incentive for members to spread the word about bitcoin, BCN has been instrumental in bringing awareness about bitcoin and cryptocurrency to many parts of the world. If the price of bitcoin increases due to supply and demand, and from mass adoption or public awareness, then BCN is playing a small role contributing to that.
6. BCN has other cryptocurrency-related projects which they have and may introduce along the way. A more detailed description of the advantages and benefits of mining with BCN is provided at http://www.coinpurveyor.com/benefits-of-joining-bitclub-network/ and http://www.coinpurveyor.com/faq-bitcoin-mining-bcn/.
With bitcoin price often hitting all-time highs in the recent months, mining may still be a viable (and cost effective) option for anyone to accumulate bitcoin for future value appreciation.
For more information on getting started with bitcoin mining with BCN, kindly forward your queries to [email protected].
It's because of the Ponzi-like nature of the club. You have to sign people up and prey on their prey.
It's multi-level bullshit using a pittance of mining for the illusion of credibility. It's totally unsustainable but the top-level fucks are raking in the cash from the morons signing up, hence the trip to Iceland.
Too bad people are so gullible.