Welcome 2017 - Updates & Information...
Date: January 3rd

Included in this update...
Bitcoin Pool over 100 PH
Zcash Pool Compensation
ETH/ETC Updates
CoinPay Giveaway Starts Tomorrow
Hardware Wallets on Sale January 9th

We hope everyone had a happy and safe New Year!

Most of our staff has been offline the past few days but we were back to work today and caught up quickly paying all withdrawals, mining earnings and other commissions to date.

December was a very stressful month for us. We spent most of it recovering from the hack that took place on November 25th and we are still finalizing a few things and rebuilding key pieces of our platform.

This caused some delays in many things we had planned to do in December but now we are ready to move forward and you will see things happening fast in January.

Bitcoin Mining Pool over 100 PH

The first thing is we are now close to having full power on our latest purchase and with the huge sales volume we did in December we are purchasing another 20 PH that will be plugged in by February.

You should begin to notice a difference in the mining earnings over the next few payment cycles and we have some really big plans for 2017 expansion that you will hear about in future updates.

Zcash Mining Pool - Compensation Due

Zcash has been a very interesting opportunity for the first few months. We expected the market to be unpredictable but what we didn't expect was the constant boost in efficiency that we continue to get from each machine.

When we first launched Zcash each machine was hashing around 72 h/s, this was quickly bumped to 90 h/s and then we doubled it to 180 h/s. Each machine needs to be updated with the newest algorithm and we have A LOT of GPU machines to implement these changes on. (nearly 4,000 units with 6 GPU's in each)

But it didn't stop there, we were able to bump it again, and again, and again... Right now each unit is hashing 354 h/s and we believe there is still a few inefficiencies in the current algorithm that can be improved. However, we are getting close to the peak.

So, what does this mean...

Initially your payout was based on the 72 h/s and we then compensated you after we had bumped it to 90. However, we have not compensated you on the last big jumps because with everything else we were doing in December we just didn't have the man power for it.

We are running calculations through December 31st on what each share should be compensated and we will pay this on Friday January 6th. Moving forward starting on the 7th you will see the daily payouts increased to what is actually being mined.

We will continue to operate the pool in this manner and if we do keep boosting our efficiency you will just be compensated after it goes live.

Ethereum/Ethereum Classic Updates (ETH/ETC)

We believe 2017 is going to be a breakout year for Ethereum. There are so many good developers working on top of the platform and we think there is huge potential for this ecosystem to flourish.

With our GPU mining pool you are able to decide whether you want to earn ETH or ZEC and you can change as often as you like. We think ETH will be a good play and right now our machines and algorithm for ETH are at peak efficiency and it's our hope to see our members in a 50/50 split between the two.

So far the mining for both of these is really hard to predict because of the massive fluctuation on hashing power from day to day. Sometimes ETH looks great and other times ZEC is the way to go.

We leave this up to you to decide and will be providing tools and stats in the near future that may help you make a more informed decision based on profitability.

Also, we have started looking at ETC (Ethereum Classic) which is the original Ethereum chain. When Ethereum decided to fork and create a new chain it left the community divided and there was a group who kept using the old original chain.

At first we were really against this and all for ETH but after seeing the ETC chain support and the price of ETC stabilizing it looks like the coin will be around and can coexist with ETH.

All members who purchased the original ETH shares have 11.6 ETC that is due to you. This number comes from how many ETH tokens were earned and paid at the time of the fork. You will have the option to convert your ETC credit to Bitcoin at the market rate or you can chose to hold your ETC and request a withdrawal.

Right now we are playing around with some machines mining ETC and will keep a close eye on it. You may see the option to point your GPU's to ETC in the very near future, as well as Monero (XMR) both of them have stable markets that are liquid and can be mined for profit.

More details coming next month or early spring on this!

CoinPay Token Giveaway - Begins in a few hours!

We are in the final stages of our ClubCoin giveaway and will soon be shifting over to CoinPay tokens. This token will be more than a "coin" it will be backed by CoinPay and it will function more like a stock or ownership token in the CoinPay pool.

There are some really cool things we are planning to do with this token, but for right now we are just going to distribute it to you for FREE and you will be able to see how many tokens you have, but you cannot do anything with them yet.

Our next step is to release the CoinPay platform to everyone in BitClub. You will get a better understanding of CoinPay tokens when this happens.

The giveaway officially begins at 12:00am UTC on January 4th, so we are in the final hours of it now!

Hardware Wallets go on Sale January 9th

Originally we planned to launch this December 15th but there was no way we could do it with everything else we had to fix/secure. So we are now going live on Monday January 9th and we expect the units to begin shipping within 30-45 days of purchase.

You will see a notice and a link to the hardware wallet details page where you can buy. We only have a limited supply on this first batch so if you want to make sure you get one then you will need to be ready to order.

If the demand is really high we will open up Batch #2 pre-orders but this would be in the 2nd shipment in about 90 days.

For details about this and any other past updates click on the News Archive page and you can see every update we have ever done :)

We are so excited for 2017 and believe the entire crypto currency market will have a great year as more and more adoption occurs and the industry goes mainstream. All of us have an opportunity of a lifetime here.

Many of you joined BitClub Network when Bitcoin was only around $200. To see it move past $1,000 and push toward an all time high makes us very optimistic about where it's headed next.

Here's to a big year!

Sincerely,
-BCN Support Team