Welcome to my Bitluck review!
Are you planning on getting started with Bitcoin mining? If so, this article is for you.
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
Let me be completely honest with you, I’m not associated with Bitluck in any form so I’m not here to sell anything to you.
So, if you’re doing research about is Bitluck a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of Bitluck and whether you should join this program.
Product Name: Bitluck
Price: Free to Join
Overall Rank: 30 out of 100
Bitluck is a cryptocurrency cloud mining platform that offers contract where users can mine bitcoins or other cryptocurrencies without having to manage a mining hardware.
Let’s take a look at this short video introducing all the things you need to know about Bitluck…
What is Cloud Mining?
If you’re not yet acquainted with the mining process, there are basically 2 types of bitcoin mining.
The first type is cloud mining, which is basically the process of renting mining hardware from other companies so that they’ll mine for you.
This is probably best for someone who’re just getting started or with a tight budget to start earning bitcoins because cloud mining can avoid buying and maintaining expensive mining equipment by just paying those companies a part of your total earning.
The second method is to purchase your own Bitcoin mining machines, such as Rigs or Asics, from other mining companies and mine for yourself, which would be much more expensive than cloud mining as you’ll have to spend thousands of dollars to purchase and maintain these machines.
Although having your own mining machines provide a higher earning potential than cloud mining. Cloud mining actually has a much higher chance to earn bitcoins, once it finds the block that contains bitcoins, it will distribute it to all the members of the pool (the community of miners).
Not just that, it is much too risky to try to manage a mining hardware especially if you’re not an expert in mining machine. So if you’re a complete newbie, you would be better off avoiding this option.
How to Start Earning with Bitluck?
It takes 4 steps to start making money with Bitluck:
1. Register a free account at Bitluck
2. Choose a contract and pay for it
3. The computing power generated by the data centers will be activated once you’ve purchased a contract
4. Your selected pool starts to accumulate rewards and earn you bitcoins.
Difference Between Buying a Contract And Buying Bitcoins Directly
When buying bitcoins directly, you only earn money when there’s a growth of the Bitcoin price because the number of bitcoins will not increase. This means that if the bitcoin exchange rate is stable, you will not earn anything.
When buying a contract, on the contrary, not only will you be able to increase the number of bitcoins, but also contributes to the growth in the value of bitcoin, giving the potential for multiple increases in your total earnings.
On top of that, you can now earn bitcoins via the new referral program.
Once you’ve made a purchase at Bitluck, you’ll be give a referral link. When someone makes registration with your referral link, they’ll become your lifetime referral and you will be able to receive a 10% commission bonus for each sale they make.
There’s a calculator that can show you the expected income per day as well as the contract profit based on the amount of investments that you enter.
Personally, I would not take this calculation seriously simply because there are too much unpredictable factors that can affect the price of bitcoin. So no one can really estimate the expected income accurately.
Currently, there are 4 types of contract plans available to choose from:
- 150 Days Computing Plan Contract
- 240 Days Computing Plan Contract
- 360 Days Computing Plan Contract
- Unlimited Computing Plan Contract
They also offer a special offer of 50 TH/s promo plans at the moment of this writing that comes with 150 days, 240 days, and unlimited contract.
The Good & the Bad
1. A Legit Company
As you can see, Bitluck is a real company that has their own data centres all around the world. They even manage to provide the location of the company, showing that they’re not like other fake companies in the market that doesn’t even exist.
1. Too Risky
The cryptocurrency price particularly bitcoin may vary a lot in just a short period of time, meaning that you can easily lose a lot of money when it comes to bitcoin investment.
In fact, I personally would not recommend you to start these kinds of high-risk businesses related to bitcoin.
2. Low Earning Potential
To be transparent with you, you’re not going to make a lot of money with Bitluck. This is because the bitcoin mining is a highly competitive industry and it’s only getting more saturated and difficult to earn bitcoin with the advanced mining machines along with the growing number of miners.
Who is Bitluck for?
Bitluck is for beginners who don’t have a mining machine on their own and would like to get started with bitcoin mining.
If that’s the case, Bitluck is a great place for you to rent mining hardware and start earning bitcoins without having to buy or maintain any equipment.
However, before you join Bitluck or even buy a contract, you should know that there are other legitimate ways in the market where you can earn more consistent income that are less of a risk.
Having said that, one of the best ways to earn money online in my opinion is Affiliate Marketing.
What is Affiliate Marketing?
If you’re not familiar with affiliate marketing, it is a process of promoting other peoples’ products and earn commissions when someone makes a purchase through your affiliate links. The reason why it’s better than cryptocurrency mining is that you can start your own online business with just 2 things:
1. A Laptop / A Smartphone
2. Internet Connection
Once you’ve built your a profitable affiliate marketing system, you’ll be able to start earning consistent passive income on autopilot.
Unlike bitcoin mining, the ONLY factor that can determine whether your business will be successful is YOURSELF, which is also why affiliate marketing has become one of the most profitable ways to earn money online.
Here’s a simple diagram explaining the process:
Bitluck at a Glance
Product Name: Bitluck
Overall Rank: 30 out of 100
Is Bitluck a Scam?
No, Bitluck is a reliable company where you can start earning bitcoin with bitcoin mining without having to manage your own mining hardware.
However, keep in mind that if you’re looking to make money online with a little risk, bitcoin mining is not something you should consider simply because you won’t be able to predict whether the Bitcoin’s price will go up or down as well as many other factors that can lose you a lot of money.
My point is that if you really want to make a full-time income online, these types of mining businesses are just too inconsistent and they’re not going to work for you.
So, my advice for you is to start affiliate marketing.
Interested in earning passive income quickly? Join My #1 Recommendation here and learn how to set up your own online business step-by-step using affiliate marketing!