Is Bitclub Network a Ponzi Scheme? All Payments Frozen: BIG Red Flag!!

Is bitclub network a ponzi scheme? All payments are frozen. This is a BIG red flag!
“As of October 1st ALL GPU machines have been powered off and we are freezing all mining payments moving forwards. Right now based on current market conditions the profit is negative and it looks to continue to go even more negative in the short term on just about all of the coins that we are currently mining.”

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☆Useful links☆
Coinbase earn $10 if spend $100: http://bit.ly/CoinbaseWebsite
Binance: http://bit.ly/RegisterOnBinance
Cryptopia: http://bit.ly/RegisterOnCryptopia
Kucoin: http://bit.ly/RegisterOnKucoin
HitBTC: http://bit.ly/RegisterOnHitBTC
Anycoindirect: http://bit.ly/AnyCoinDirectRegister
BTCdirect: http://bit.ly/BTCdirect
Litebit.eu: http://bit.ly/RegisterOnLite