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Bit-Talk Newsletter Edition 18
We're All About Bitcoin
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| View this email online if it doesn't display correctly. Don't be confused if you seem to be missing
issues of Bit-Talk. All of them can be found at the Bit-Talk site.
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Big News From Bitclub Network! |
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| This is literally hot off the press this morning and I am repeating it word for word from the Bitclub site and getting it out to you just so you are completely up to date in case you missed it.
Please take a look at the separate articles below straight out of the Bitclub News site. The mining news particularly is huge!
We have been granted a two weeks extension on the 1,000 day share plan! Brilliant news!
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We are excited to announce on behalf of all BitClub Network members we have just struck a HUGE deal with BitFury that will secure our mining future for the foreseeable future. With this contract we are purchasing an initial 48 PH between now and September. These machines we purchased are the most efficient in the world right now, they include the new 16nm chips with a fully enclosed liquid immersion cooling system.
This deal is HUGE for us! We are the first company outside of BitFury themselves to gain access to these machines and the first piece of this power is being prepared as you read this! We hope to see a big chunk hit our pool in the next few days!
BitClub Network is now working with both BitFury and Bitmain who are the top two mining equipment manufacturers in the world. This ensures that we can expand our mining pool twice as fast and keep up with our growth.
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Expansion plan over the next week.
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At the moment we are waiting on another 3 PH to go live in our Iceland facility, which should be online by the end of the week. We had some holiday delays but the full 11 PH should be hashing very soon.
We are also adding an additional 13 PH that is coming online from our BitFury deal. This will put our pool at a total of 24 PH, which triples the size of it today.
We want thank all of our members for believing in us over the past 17 months, it's all because of YOU, that we have been able to position ourselves in the market like we have. Our pool is now growing at a rate the market can't comprehend or keep up with. We are leveraging the power of YOU! A crowd funded Bitcoin mining pool that pays everything back and so far it's working!
This is something to get REALLY EXCITED about because we couldn't imagine starting the year off any better!
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Note from John - You'd only consider this option if you absolutely wanted out of Bitclub Network now and wanted to give up all future growth - not a good idea me thinks...
As we expand we are also strategically selling older equipment and upgrading to the newer machines. Each upgrade continues to save us A LOT of money as we become more efficient with our costs and deployment. Right now our S5 Antminer machines are nearing the peak of their value and we are going to be liquidating them over the next few months.
Most pools or miners would tell us we are crazy to sell these now because they are still very profitable to mine with and combined with our cheap power we could easily hash these for most of 2016 (maybe even the entire year).
However, we are going bigger, faster, and cheaper and as a member we want to give you the opportunity to get these machines because you paid for them! This is basically an offer to get a refund by taking possession of your purchased power.
Here's how it works...
You paid either $500, $1,000 or $2,000 for 1 share in our mining pool. The Bitcoin you sent was used to purchase mining hardware and you were given a share of all the Bitcoin being mined by the pool.
If you are interested you can request a quote on the total value of your shares as they are today. With this quote you will have the option to buyout of your remaining contract and take full possession of these machines. We will ship them just about anywhere in the world and you can do whatever you want with the machines when you receive them.
You can hash them yourself or you can sell them in the market and probably get a nice return. Either way we give you this option! This option is ALWAYS available but we like to let you know when there is a good opportunity to take advantage of it, and this is right now!
Keep in mind if you decide to take this offer your shares will be forfeited and they will no longer pay daily mining earnings. You are basically saying give me what I paid for rather than allowing us to hash them for you. You will still be a member and retain full access to your account but you will no longer be earning commissions in either the compensation structure or in the mining pools (unless you purchased new shares and start over).
If you want a quote on your power please open a support ticket and request one. Each quote will be different because it depends on how many shares you purchased and also when you purchased them so please allow some time for an accurate quote.
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We are pushing back the new compensation plan to February 1st because it makes a lot more sense to go live at the same time the mining contracts move from 1,000 to 600 days, and at the same time the ClubCoin giveaway expires for Tier 1 and moves to Tier 2. These three things are all tied together through our invoicing system and it will give us a nice date to start fresh on all 3.
So, this also gives you another two weeks to lock in your shares at the 1,000 day time frame with our Tier 1 ClubCoin giveaway.
The comp plan will be ready to go on Feb 1st and we will be replacing the old compensation plan page with this new one. Click Here for the new page with all the details.
(Nb - the CLICK HERE above will only work if you are a BCN member, able to log in) |
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ClubCoin Tier 2 Giveaway.
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Right now for every $1.00 worth of Bitcoin spent on purchasing new shares (not valid for partial shares) you receive 1.00 ClubCoin. Starting February 1st this moves to 1.00 ClubCoin given for every $5.00 worth of Bitcoin used to purchase full mining shares.
With all of this happening on the same day we want to make sure you ready and don't get caught off guard. (This will not be extended again... Feb 1st it happens)
More ClubCoin Updates...
So far launching ClubCoin has been great! We already have a market cap on the coin of over $13 million USD based on the existing supply of 81 million coins currently trading around $0.17 USD.
You can actually see the LIVE price on your ClubCoin page now, and at the top of each page you will notice the total value of your ClubCoin in USD too.
If you would like to sell your coins or buy more you can open an account very easily on Bittrex. We are seeing a lot of members buying from the exchange and then sending back into their virtual wallet to stake in the pool. (which is pretty smart, but it must be done manually). Soon we will have this process fully automated so you can deposit directly and use BitClub as your ClubCoin web wallet.
We are also working on A LOT of really cool features that will start to come online....
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1. Full Java script Coding
We are almost finished converting the entire ClubCoin code into javascript. This is a big deal because once it's ready we can use it with a lot more applications like our ATM's, mobile wallets, and we even plan to offer a Raspberry pi computer that is configured to stake ClubCoin 24/7. Having the code in javascript opens up a lot of things for us and this is when you will begin to see all the new bells and whistles we have been working on.
2. New MAC Wallet
This wallet is in the final testing phase and will be available for download on our website. We almost gave up trying to find a solution here but we finally cracked the code (literally). We will be the first ALT coin to offer a MAC version and fully support it. If you are an Apple fan this is great news for you!
3. New Mobile wallets
We have been working with an existing company to launch a mobile wallet on their platform and we also have our own mobile wallet we are building that will be an extension of our web wallet. These will only be available for Android as of right now but we have plans for iPhone too if we can make it through their process.
4. Upgraded Windows and Linux wallets
Our team has been making a lot of progress on a newer version of these wallets too. This includes big security fixes and new features that will be available on our websites to download. You can follow along with these fixes on the ClubCoin Github page and we will let you know when the next version is ready!
That's all for now! We have so much happening here and will continue to try and balance some of these major projects with smaller features that make a difference and add value for all members. We are expanding our staff and couldn't be more excited for the next phase of BitClub Network!
Thanks for being a member,
-BCN Support Team
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| You can sign up to Bitclub as a free member if you want more information. Just click the button above. |
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| Or check out my Bit-Talk site for a lot more information. Just use the button below if you want to do that. |
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