Bit Talk Edition 39

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Subject: Bit Talk Edition 39

Bit-Talk Newsletter Edition 39
We're All About Bitcoin

Please encourage everyone you know who is interested in Bitcoin and cryptocurrencies to subscribe to this newsletter - I will do all I can to keep you all "informed".

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Massive Boost To Mining Pool Shares...

I'm leading with this news because, even though the trading platform software launch has now been officially announced, this is huge for those that come in now for mining pool shares and those of you that were set up on 600-day shares.

Mining Update - Important News

The Bitcoin mining industry continues to expand rapidly, even with the mining reward being cut in half to 12.5 Bitcoin per block nobody seems to be slowing down and the network hashrate is growing at a record pace.

This is both good and bad... It's good because it shows the mining industry is really strong and very optimistic about Bitcoin moving higher in the future. However, it's also bad because miners are willing to continue mining at a loss just to keep accumulating more Bitcoin and this makes the ROI in the short term very low for everyone.

Eventually the market will adjust and either the price of Bitcoin will shoot up, or the difficulty will drop making large scale operations like ours more profitable. Either way our main goal is to help you accumulate more Bitcoin than you started with and to accomplish this goal we have decided to make a change to boost the payouts and make mining more profitable for future members

We understand some members are not going to like this change, but we have talked with many leaders to figure out the best solution and they all agree this a good idea so we are moving forward with it.

Here is what we are going to do...

All members who purchased a mining pool share during the early days between September 14th 2014 through June 30th 2015 (John: no one who joined at the same time as me or after is affected by this) have made back a substantial return on their original Bitcoin mining purchases.

These members have accumulated a lot of partial shares (some even have full shares they have earned) and they are simply taking up too much of the pool. Plus, everyone in this time frame has received ClubCoin at a 1:1 ratio and all Founders have received an additional 2,000 - 7,000 ClubCoin as an added bonus. Not to mention all the Founder 1 and Founder 2's have a lifetime share in our Founder pools that receive 1% and .5% of all the Bitcoin we mine.

So after much consideration we have decided to stop payments on all the FULL shares purchased during this time. You will continue to earn daily on all the partial shares that you have accumulated and no changes will be made to your account, we are simply ending your shares early starting on September 1st and you will no longer be paid commissions on these full shares.

Why are we doing this?

It's simple... By eliminating these early shares it will boost the daily payout on a per share basis for everyone else. It will also allow us to go back to paying for 1,000 days on all the contracts instead of 600 days (this is big)

We believe that mining hardware has reached a peak in technology. The 14/16nm chips are the top of the mountain and while there could be one more jump to 10/12nm chips, the added efficiency gained is so small that it's not worth it to produce. So we are loading up on hardware right now because we believe these newest models can run for many years and in the right environment they can easily last 1,000 days!.

By retiring these older shares we are able to go back to 1,000 days on ALL mining shares and not just new shares, so if you purchased a share that was only good for 600 days you will see an extra 400 days added to your mining time. We believe this longer payout is more in line with the future of the mining industry and our goal to help you accumulate more Bitcoin over the next 3-5 years!

Just to put this move in perspective, if you purchased a share during this time frame (before June 30th 2015) your purchase would have either bought an S3/S4 Antiminer or possibly even some Script Mining equipment that we had running in the early days when mining ALT coins.

Either way ALL of this equipment has either been liquidated or the machines are dead so your original contribution to the pool is no longer contributing any power or value (only your partial shares continue to) and for all new members joining today they are purchasing equipment that is 20x more efficient but they are only earning half because of all the older shares, so the decision was made to help balance this out and help everyone!

If you have an issue with us ending your contract early please open a support ticket and we will address your concerns, but we hope you understand this is a very fair way to provide increased value and allow members to continue mining in profit for years to come!

New Trading Pools.

Last month we held a leaders meeting in Malaysia where we announced our new Trading Pools. These pools are almost ready to go live and we expect them to be available on September 1st (or shortly after).

In case you missed the event... BitClub Network has secured exclusive rights to a trading platform that has been actively trading digital currencies for over 3 years. This trader continues to evolve as the market grows and uses a combination of Artificial Intelligence and Machine Learning strategies to take advantage of trends and identify profitable trades across many different platforms.

Right now the trader is balanced between arbitrage opportunities and forecasting strategies that each rely on market data, news, and often times social media and other information that is not available to the public. We are seeing very good results with this trader and we really excited to bring it to all BitClub members.

You will get all the details about this once the platform launches on Sep 1st, but here is what you need to know right now...

1. There will be 5 pools you can participate in...

Pool 1 - $500 USD worth of Bitcoin
Pool 2 - $1,000
Pool 3 - $2,000

*To participate in the Trading Pools you will need to purchase the same level in the Mining Pools. So for example if you have purchased Mining Pool #1 then you are eligible to purchase Trading Pool #1. These pools will pay EXACTLY the same commissions as the mining pools

Pool 4 - $5,000
Pool 5 - $25,000

*To participate in Pool 4 and Pool 5 you must be a Founder (any level Founder). These pools will pay a little differently with the main focus being on adding more Bitcoin to the trading platform with less percentage toward the compensation structure.

2. Just like our mining pools we have forced re-purchases on all monthly profits and this percentage will differ for each pool. These repurchases will be used to pay costs of managing the trading pools and will be put back into your trading account where you will earn additional partial shares and more of the profits.

3. You are in control of trading... Each day you will decide if you want to trade for the day, all you need to do is login and click a simple button that says "Yes, Trade My Bitcoin Today" This is required EVERYDAY and your monthly returns will depend on how many days out of each month you decide to trade or not trade.

4. After 18 months in the pool you will begin to receive a portion of your initial Bitcoin back that will begin to be paid back monthly over the next 10 months. More details will be provided about this and the payback will depend on many factors.

5. Very Important... THIS IS RISKY!

We don't guarantee any ROI on trading profits. This trading platform has an incredible track record and we expect there to be nice monthly payouts, however this is still a market and markets can be unpredictable. There are many factors that make this pool risky and one of the biggest risks we have is with the exchanges themselves.

We cannot control default risks, hacks, or forced liquidations from the exchanges we are trading on. For this reason we want to make it very clear that you could end up losing your principal and there could be negative profits allocated against your account in any given month if something like this happens.

It's very important that you understand these risks before you decide to participate in our Trading Pools and we will be very clear about this at all times!

ETH Shares now added to Rank Advancements.

At first we were not going to count the Ethereum shares towards rank advancement volume, but we have changed our mind and have updated this about a week or so ago. Now any shares that were purchased under your organization have been added to the total volume count needed for rank advancement.

Our ETH payouts have been very stable and we are working on making our mining operation even more efficient with a new pool that will be open to the public (just like our Bitcoin mining pool). This helps to stabilize the payouts and by charging a 1% fee we will pass this along to all members as well!

We will share a link to this new pool so you can track all the power once its ready to go (a few weeks it should be live).

ETC - Ethereum Classic Credits

Ethereum Classic is a new (or old) coin that is running off the original Ethereum blockchain. Basically, when the hacker the DAO tokens the Ethereum foundation proposed a hard fork to return the funds back. This created two blokchains for Ether and gave everyone double the coins.

So while we DO NOT support ETC and we actually hope that it crashes and burns soon, we are obligated to provide you with your ETC tokens. So in the next month or so (sorry but we are not in a hurry on this) you will receive however many ETH tokens you had before the fork in ETC tokens.

You will be able to withdrawal these tokens to an ETC address that you will need to generate on any exchange that is trading ETC. Please note you will only receive ETC for the funds in your wallet BEFORE the fork. In most cases this was less than 10 ETH in the account so the amounts on a per share basis will be small. But again, they are yours!

We will put another update out when this is ready to withdrawal.

My Take On The Mining Pool Changes.

This is just my opinion, so we're clear...

Whilst I feel a little pang of sympathy for the those that came into Bitclub early, before June 2015, I also recognise that they get a bonus (if they were founders - and many were) that none of us later members get, the founder pool profit payout and, after all, partial shares for them still count.

For anyone else coming in this is great news! Freeing up what was being paid out on full shares to early members should have a significant impact on the future value of our mining pool shares.

I am also so pleased that they have decided to link mining pool shares to the trading pool shares. I was always a little concerned that if they just allowed someone to come in and buy a trading pool share, it wouldn't help to make BCN continue to grow as much as linking them and keeping the focus on mining does.

Now, of course, experience tells me that we need to wait for the final launch and the full detail before trying to pre-empt or pre-guess the exact detail of how it will all work (I already have some questions that I am going to look into), but the return to 1,000 day share deals is a monster.

And they've included everyone who came in on 600-days - that's a big bonus for those guys.

I have always been an avid fan of the mining and, of course, I eagerly await COINPAY.

Of course I also love the idea of trading pool shares but the real long-term benefit with BCN is clear for all to see.

Whichever way they decide to run with this in the future, as long as we can "grow" Bitcoin, I'm happy.

Time to introduce some people you know? You've seen what mining has done, you've seen our hashing power massively increase and we are now close to 70 peta hash!

You now know that mining is going to get a boost. There really is no reason to keep this opportunity secret any more!

Ps - just yesterday (26th August) we hit 8 new blocks - that's $57,400 dollars in one day!

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