I want to cover a few interesting discoveries with regards to Bitclub Network mining pool share terms. The trouble is I am still not sure if this is intentional or accidental on the part of the programmers/prime movers.
The biggest discovery was that an existing customer came to me a few days back looking for assistance to purchase a new founder position.
We were both of the opinion that he would receive his 3 new mining pool shares with 600 days of life but were pleasantly surprised to see that, in fact, he received 1000 day shares once the deal was done.
This was an expansion of an existing membership position as the gentleman concerned already had a Mining Pool 1 and Mining Pool 2 share.
On the one hand; was this simply an error on the part of BCN? Or, on the other hand, does this now mean that ANY existing customer who originally came in on the 1000 day share terms gets to keep those terms on any new share purchase within the same account?
My theory, and it is but a theory, is that the software is set to go 600 days when a new member position is created (with a $99 membership payment) and 1000 days when an existing position is expanded.
Either way, assuming that it isn't a soon to be corrected oversight, he was happy to get the extra 400 days!
I do know for sure, because I have made some partial share purchases that whether we receive automatic partial share re-investments or whether we are manually re-purchasing partials, we are getting 1000 days if our accounts were set up pre-February 2016.
That is not quite what I interpreted from the original notes I saw prior to the change. In those original notes, I expected that an automatic (system driven) re-purchase would be 1000 days and manual ones 600 days.
But hey, it's all good news. Seems that Bitclub Network are over-delivering and that has to be a good thing.
