That said, clearly, you'll only want me to talk to you about relevant and interesting things relating to the Bitcoin universe and whilst I could list article after article on the subject matter, I like to keep Bit-Talk super-focused on the stuff that genuinely impacts upon us.

I am also considering getting back into the creation of some new webinar material to help to explain what Bitclub Network is really all about. I want to offer some good reasons as to why you might want to think about sharing this opportunity and webinars are the way forward with that.

In July or thereabouts it will be Bitcoin Block reward halving time again. I believe that once that process has happened and the reaction to it has settled, the golden age of Bitcoin will begin. And I believe I and other Bitclub members are very well placed to benefit from that.

But this increase is totally different to 2013. It is generally accepted that a very unique set of circumstances caused the price explosion of November 2013 (I have covered this before in previous Bit-Talk articles) and as fast as that went up back then it came crashing back down just as quickly.

This time we have seen a sustained and steady increase in value since the summer of 2015 when Bitcoin was at the $230 level. It has more than doubled in value since then but this time, the increase has been slow and steady and consistent.

I have said it before and it bears repeating, Bitcoin needs a degree of price volatility to keep it interesting and relevant but it was always assumed that as the next block reward halving day approached, the value would increase. As the Bitcoin market and environment is much more mature now, Bitcoin is acting more like an established currency or commodity would. 

I think we are seeing an anticipation of block halving building in the price and post halving we may see more increase in value as the market starts to accept that mining will not stop in its tracks. There wasn't enough intesrest in Bitcoin at the time of the first halving in 2012 (block 210,00) but now usage has exploded.

What was absolutely ingenious about Satoshi's invention was that it built in a control mechanism called difficulty. In short, the more mining that goes on, the harder the blocks become to mine. If mining activity reduces, difficulty reduces with it. This ensures the continuance of mining and once the market at large has adjusted to halving and sees that all is well, I believe Bitcoin value will not only hold up but increase further. 

If you mine 25 itcoin when the price is $250 and you mine 12.5 Bitcoin when it is $500 then you have achieved the same. That is where we are right now.

I have been lucky enough to see more than a doubling of Bitcoin price since I joined Bitclub Network and I am looking forward to getting even better growth in the future.

There is still a great opportunity here for those brave enough and imaginative enough to grab it. Bitclub Network is very well placed to grow in mining strength as other mining operations weaken. KNC Miner may be just the first significant mine to bail out of the contest as it perceives the contest is getting harder.

You can read the rest of this article at Coindesk by clicking the link HERE.

I want to share my views on what this means for us and why I am not in the least bit phased by this news and actually encouraged by it.

When a pretty large mining operation removes itself from the mining arena, that leaves the remaining bigger mining operations with more of the pie. We at BCN are becoming a big mining operation. But our structure dictates that whatever is earned is shared. If we earn more Bitcoin we get more Bitcoin shared if we earn less, we get less shared. 

Like the majority of mining operations, KNC were funded initially by independent investors, venture capitalists etc. 

Like all such investors, this of course means that a return has to be made to repay those investors, give them a profit and additionally cover all of the costs of activity.

Once you go down the "venture capital investor" route you are locked into a system that makes it difficult to get funded in any other way and you either make sufficient profit to cover everybody's costs and needs or you get into trouble. KNC got into trouble. When they needed new mining equipment they had to either sacrifice profits to buy it or borrow more money.

Bitclub Network created a system that allowed for costs and ongoing re-investment as it grew. Every new member coming in and every member that ever came in, purchased a mining pool share (or shares) and as part of that deal had to re-invest part of their earnings into the mining operation maintanence and renewal.

So BCN grew as fast (and only as fast) as new share purchases and automatic re-purchases allowed and has been able to continually acquire new (and ever more efficient) mining equipment as a result. In addition, each new member joining BCN has generated new money to purchase new equipment as they acquire their share.

Bottom line though is that BCN would continue to grow and maintain its mining operation even if there were no new members ever because every existing member automatically re-invests daily.

So, when we get to Bitcoin block reward halving, come block 420,000 (likely to be July this year), we will not have to satisfy the continuing, demanding requirements of external venture capitalists who will want the same returns they always had and BCN have never borrowed and thus have no interest payments to deal with.

Whichever way you look at it, a reduction in competition helps us and because of our unique funding mechanism, we should continue to thrive.