Unlike some other pools, BitClub Network does not disclose its
founders, saying only that it is "run by a team of programmers, digital
mining experts and entrepreneurs who have come together with MLM experts
from around the world."
MLM stands for Multi-Level Marketing — a referral system whereby a user gains bonuses for each new user they bring in, who then gains bonuses for each new user they bring in, and so on. MLMs can be controversial because they resemble pyramid schemes, but BitClub Network insists that it is legitimate and not a "Ponzi Scheme."
For some users, it works as a cloud mining pool: Users don't have to own their own hardware, just pay to rent some owned by BitClub. Miners with their own rigs can also join the network, however.
MLM stands for Multi-Level Marketing — a referral system whereby a user gains bonuses for each new user they bring in, who then gains bonuses for each new user they bring in, and so on. MLMs can be controversial because they resemble pyramid schemes, but BitClub Network insists that it is legitimate and not a "Ponzi Scheme."
For some users, it works as a cloud mining pool: Users don't have to own their own hardware, just pay to rent some owned by BitClub. Miners with their own rigs can also join the network, however.
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