BitClub Network & The Bitcoin Evolution:
BitClub Network established itself to become one of the top bitcoin mining pools in the entire digital currency world and have done that. After laying a rock solid foundation that will continue to grow and be profitable for years to come as more and more interest is gained around virtual cryto-currencies, their the main pool (which was launched in July of 2014 has already mined 200 Blocks so far) has earned an additional 2,800 Bitcoin by contributing power to other pools during the year.
As of right now, thats an excess of over 7,800 Bitcoin valued at over $3,354,000 USD which by in large has already been paid out to existing BitClub Network Members. And they say this is just the start of there rise as a major player in the money grab known as bitcoin.
While BCN has been honest about their expectations and that they had no idea they could mine this much bitcoin in 2015, they feel they are just getting started with another 7 PH plus soon another 4PH being plugged in this year which will make 2016 a breakout year for them.
It is interesting to see the advertised ability for Bitclub Network to continue reducing costs and become more efficient as they grow and are constantly purchasing the latest-greatest most advanced and newest hardware and to stay relevant and dominant so far. That is why BCN is projecting much larger margins this year (even with the growing-pain difficulties of the hash power of the network).
Bitclub Network Benefits & Advantages:
At the current rate of the BitClub Network membership there are around 3-4 new PH being plugged in per month and this could end up being more as we start to gain traction in markets like China, India and Korea. In fact, they said most likely they be closing the pool to the public sometime in the next few months because we don't need anyone to help supplement the power anymore.
Right now as it stands BitClub Members are 98-99% of the pool anyway so it doesn't make sense to keep it open and share the mining profits with anyone else, even if it's only 1-2%.
Mining Shares Moving from 1,000 days down to 600 days
One thing BitClub has been eyeing is the rising difficulty rate and the overall hashing power of the Network. We don't think anyone predicted the difficulty would jump as high as it did this year starting around 40 Billion in January and shooting up over 103 Billion as of December.
This has put a lot of miners out of business this year and is quickly becoming a problem for anyone on the fence with less than 1% of the network power. Even more surprising over the last 3 months alone the difficulty rate has jumped nearly 50% and it looks to continue higher as large corporations and financial institutions are now jumping into the mix and spending millions to mine!
Will Bitcoin Mining Companies Continue to Rise?
Because of this trend we are going to be adjusting the amount of days that each share will earn starting January 15th!
Originally we were going to do this tomorrow on the 1st of the year but we are going to wait for the new compensation plan enhancements to go live before making this adjustment. This gives you about two weeks before the shares drop from 1,000 to 600 days.
IMPORTANT!! We want to make it very clear that each share purchased prior to January 15th and ALL PARTIAL shares that are earned from these shares will ALWAYS earn for 1,000 days.
This means all members who own shares right now will not be affected at all by this. All of your partial share repurchases will be good for 1,000 days (forever) as you are grand fathered into the 1,000 days and no change will be made on your mining contract.
In other words, this has no effect on you or your earning potential it only applies to new shares that are purchased after January 15th and all partial shares that come from these shares will be good for 600 days.
Why BitClub Network's ClubCoin?
Based on our numbers and the growth of the industry we feel it's necessary to make this change now so that in a few years from now the mining shares will still be valuable and not become too diluted.
This 600 day time frame is also more in line with the turnover of our mining equipment. If you were to buy the latest mining equipment today you would have about 1 year or possibly 18 months to earn profit from it. With our model we can extend this by liquidating older machines and rolling into newer models but we think 600 days is about the max before its just too diluted for future shares.
Originally when we set the shares at 1,000 days it was based on the profitability of the equipment at the time (September 2014). Now this is a lot more accurate with today's market and we believe it will benefit everyone in the long run. Also, just to let you know this number could be adjusted again during the year or next year based on what we see happening in the market.
We will always give you plenty of time before making a change like this and again it will NOT affect any current mining shares purchased only the future shares purchased after a change is made!
What Is ClubCoin?
For those of you on the inside of BCN, you already know ClubCoin is taking off and trading on many popular bitcoin plaforms and exchanges like WorldCoinIndex! After the US government officially delcared bitcoin a commodity, making it in the same department as gold and silver, which means it has real value that can not be manipulated.
But as the official decentralized Clubcoin.co website says, “we are excited with the initial launch of ClubCoin and if you've been watching it on Bittrex you would see it has been holding steady around $0.15 – $0.20 since it went live” At one point we saw it says they saw it jump up to $1.00, which was really exciting to see but we know it's just the very beginning for this coin and we will see a lot of fluctuation as we grow the ecosystem for it.
They are approaching the freebie giveaway limit and as you will see an adjustment happen as we scale back the coin to slow down the distribution of all 50 million coins being allocated to BitClub Members.
In fact, we actually reached the first limit of our giveaway last week. This promotion was paying 1 ClubCoin for every $1.00 USD spent. Normally this would switch automatically however we always like to give you enough time to take advantage of our promotions and provide enough warning so you are not surprised by anything.
For this reason we are extending the giveaway by another 2 million coins or through the end of January whichever one comes first.
This means starting Feb 1st (or possibly sooner) the next promotion will kick in dropping the giveaway to 1 ClubCoin for every $5.00 USD spent. The Founder bonus of 1,500 will stay the same for the time being but just like all the other Founder promotions this will soon expire!
Please take note of these changes and make sure your team is aware of them too, we will make the switch quickly when this happens!
New BitClub Compensation Plan…
As you know we've been working on rolling out some compensation plan enhancements that will pay more through the binary and we are almost done with the changes. We are pushing to go live on January 15th. These changes will not affect any mining earnings and partial share payments will stay exactly the same through the level up.
The only real change is that we are taking some of the percentage out of the level up for new share purchases and putting more credits into the binary allowing you to earn more. This will benefit more people as the binary pays through infinite levels and we are excited about this change because it will make a big impact when it goes live.
Here is a new look at the compensation plan and commission rewards for BitClub Network.
– 40% in commissions to the network
– 40% for product purchase
– 20% for developing new platforms and programming costs
40% Payplan Commissions
30% – Front end Commissions in Binary Plan
10% – Back end Residual Commissions in Level Up
BINARY PAYOUT STRUCTURE
1 Cycle pays out $200
15 credits left and 15 credits right (capped at 10 cycles a day)*
Pool 1 = 3 Credits – $ 500
Pool 2 = 6 Credits – $ 1.000
Pool 3 = 12 Credits – $ 2.000
*Cycles are based on ranks! 4 cycles ($800) without requirements
40% Matching Bonus ($10 down 8 generations with no cap!)
LEVEL UP COMMISSIONS PAY OUT STRUCTURE
Team 1 = (1st and 2nd personally sponsored members)
Team 2 = (3rd, 4th and 5th personally sponsored members)
Team 3 = (6th, 7th and 8th personally sponsored members)
Team 4 = (9th and on personally sponsored members)
– COMMISSIONS ON INITIAL PURCHASES OF FULL MINING POOL SHARES
Team 1 – 5% on your 1st 2 personally sponsored members
Team 2 – 6% on your 3rd, 4th and 5th personally sponsored members
– 1% on all their 1st and 2nd till infinity
Team 3 – 7% on your 6th, 7th and 8th personally sponsored members
– 2% on all their 1st and 2nd till infinity
– 1% on all their 3rd,4th and 5th till infinity
Team 4 – 8% on your 9th and more personally sponsored members
– 3% on all their 1st and 2nd till infinity
– 2% on all their 3rd,4th and 5th till infinity
– 1% on all their 6th, 7th and 8th till infinity
Generation 1 = 1% (Team 4 of a Team 4)
Generation 2 = 0.5% (Team 4 of a team 4 of a team 4)
Generation 3 = 0.5% (Team 4 of a team 4 of a team 4 of a team 4)
– COMMISSIONS ON DAILY REPURCHASES OF PARTIAL SHARES
Team 1 – 10% on your 1st 2 personally sponsored members
Team 2 – 12% on your 3rd, 4th and 5th personally sponsored members
– 2% on all their 1st and 2nd till infinity
Team 3 – 15% on your 6th, 7th and 8th personally sponsored members
– 5% on all their 1st and 2nd till infinity
– 3% on all their 3rd,4th and 5th till infinity
Team 4 – 18% on your 9th and more personally sponsored members
– 8% on all their 1st and 2nd till infinity
– 6% on all their 3rd,4th and 5th till infinity
– 3% on all their 6th, 7th and 8th till infinity
Generation 1 = 2% (Team 4 of a Team 4)
Generation 2 = 1% (Team 4 of a team 4 of a team 4)
Generation 3 = 1% (Team 4 of a team 4 of a team 4 of a team 4)
RESIDUAL INFINITY BONUSES: (overrides)
Rank Needed Generation 1 Generation 2 Generation 3
Builder 1% 1% 0.5%
Pro Builder 1% 1% 0.5%
Master Builder 1% 1% —
We will continue to update you on the new Clubcoin digital currency bitcoin-spinoff and the BitClub Network opportunity.