There's been no announcement that I've seen but I suddenly got a whole bunch of new commission payments going into my Bitclub account yesterday and I assume that I was not the only one to get some. As there was no news bulletin to go with it I can only make some assumptions about this.
First off, it was paid in Bitcoin NOT Bitcoin Cash which tells me that they have possibly given up on the idea of changing the internal invoicing system to Bitcoin Cash, or, at least, for now. Or perhaps, the switch over had created bigger problems than they anticipated.
Perhaps they also felt that we'd waited for long enough to be given this payment catch up. It has not escaped my notice that these payments were made 2 months to the day since they stopped on 9th February 2018.
Alternatively, maybe they are still going ahead with the switch over to Bitcoin Cash and the new system but just felt 2 months without commission payments was more than enough. I can only speculate but I expect a news bulletin very soon to confirm.
There is a lot of renewed talk abounding currently about Bitcoin and the Lightning Network. Perhaps this Bitcoin transaction speed improvement is coming faster than we expected and, perhaps, Bitclub have maybe decided that, with Lightning in place, they can continue with Bitcoin as the main payment method and not Bitcoin Cash.
Again, all speculation on my part.
Every time I hear people talking BCN down I defend them by reminding these people that BCN unlike 99% of all Networking businesses I've come across (and some none Network businesses), do not break promises. I have been mocked a little for this defence of late but I just know they are doing the best they can given the massive growth they have experienced.
Instead of people being so negative about this operation maybe they should go look at what is happening with our pensions day after day. Some pretty big companies have gone down over the past few years taking Billions in pension funds with them. That is something worth complaining about!
BCN established a unique way of doing business with Bitcoin and no-one else has managed to come close to replicating it. If we keep faith with them, they will help us to do well. This catch up simply reinforces that once again in my mind. We all suffer doubt from time to time but we have to keep faith with some things.
I have seen people beating the drum about all sorts of other opportunities that have simply collapsed. Look at the Bitconnect scam, look at the mess surrounding USI Tech to name but 2. I am pretty sure there are some other very popular networking deals out there that are about to go bust. Bitclub were here before them and are still going strong.
Of course, this gridlock in commission payments hasn't affected day to day mining payments at all but even that has been suffering the scorn of some people because, currently, the mining returns seem low compared to expectation. I have tried to explain this so many times to people but, once convinced in their own minds, they are not for turning...
BCN are suffering two major problems in respect of mining right now and neither of them are things that they can influence in any major way.
1) The Mining rig manufacturers are all so far behind with the delivery of their goods that mining power promised months back still has not been delivered and connected. Added to which, in the interests of protecting our long-term financial viability, BCN have been relocating many of their mining operations. Particularly where they seem most vulnerable (China for example).
2) The competition for mining returns and the number of people/organisations mining has exploded. Why? Because although the mining difficulty of Bitcoin is still at an absolute all-time high, the power costs involved in mining have dropped dramatically as more and more mining concerns discover alternate energy companies and better energy deals. Add to this the rapid BCN membership expansion with over 1 million mining pool shares allocated, then you can see how getting enough power plugged in to satisfy everyone is frankly impossible.
But remember this. You, unlike 97% of everyone else you meet, are getting daily Bitcoin from mining. Even with Bitcoin at a relatively low $6,700 per coin that typically averages between $2 to $10 for each BCN member per day of totally passive income depending on what shares you purchased.
In my case, on my first founder account, I am running at around $11 daily. Don't forget the impact that Bitcoin price has on this. At $10,000 per Bitcoin, my figure would be above $17 daily on that account. Did we also remember that our shares run for 1,000 days and, with sensible re-purchase, can be renewed adinfinitum?
Everyone I have ever introduced to BCN was told, categorically, that they should see their "investment" as highly speculative. When I first started to say that 3 years back, I genuinely expected to do a little better than simply get my money back but the reality is that the opportunity that is Bitclub Network has massively over-delivered.
Yes, I have worked quite hard to make something of this opportunity and I see people far more capable than I that have taken this up and done nothing but moan about it. I don't know what they expect from life but I mentioned the Acres of Diamonds story a while back and I seriously suggest to them all that they should study that because BCN is that Acres of Diamonds story, or the land that story rotates around, incarnate.
Enough from me. Be well and be positive.
John | 
