06.01.2016, 16:12
Mit 15. Jänner kommen folgende Updates im Programm:
- Der Cycle Bonus wird von 75$ auf 200$ für jeden Cycle angehoben
- Dafür braucht man aber dann links und rechts jeweils 15 Punkte (statt aktuell 5)
- Man erhält aber auch 3x soviel Punkte wie bisher, wenn jemand in der Downline einen neuen Mining Pool erwirbt
(3 Punkte für Pool 1, 6 Punkte für Pool 2, 12 Punkte für Pool 3)
- Alle nach dem 15. Jänner gekauften Mining Pool Shares laufen nur mehr 600 Tage statt 1000.
- Außerdem wird der interne Bereich auf der Homepage ein bisschen überarbeitet: es wird genauere Statistiken geben (zu Einnahmen, Downline, etc.)
- Die Landingpages erhalten auch neuen Inhalt und werden dann einen neuen Link haben.
Hier der Originaltext des Updates von der BitClub Network Seite:
- Der Cycle Bonus wird von 75$ auf 200$ für jeden Cycle angehoben
- Dafür braucht man aber dann links und rechts jeweils 15 Punkte (statt aktuell 5)
- Man erhält aber auch 3x soviel Punkte wie bisher, wenn jemand in der Downline einen neuen Mining Pool erwirbt
(3 Punkte für Pool 1, 6 Punkte für Pool 2, 12 Punkte für Pool 3)
- Alle nach dem 15. Jänner gekauften Mining Pool Shares laufen nur mehr 600 Tage statt 1000.
- Außerdem wird der interne Bereich auf der Homepage ein bisschen überarbeitet: es wird genauere Statistiken geben (zu Einnahmen, Downline, etc.)
- Die Landingpages erhalten auch neuen Inhalt und werden dann einen neuen Link haben.
Hier der Originaltext des Updates von der BitClub Network Seite:
EinblendenSpoiler:
2016 Updates and Corrections
Date: January 4th
We hope everyone had a great New Years holiday!
Our team is now back in full and any issues that you may have experienced over holiday will be handled today. We know there were some delays in confirming new transactions and new sign ups but this has now been updated and everything is showing correctly.
*This delay was actually on blockchain side through their API and not on our end so we just had to push the transactions through.
Before we get into a few updates there are two corrections we wanted to clarify.
First Correction.
The new compensation plan details given in the last update were wrong. For the binary we said you would receive double the credits and the cycle would remain the same at 5 left and 5 right. However, that is not correct and we apologize for the misinformation.
You are actually going to receive 3 times the credits and the cycle is 3 times the credits.
So 15 left and 15 right = 1 Cycle
Here is the correct binary breakdown:
Pool 1 = 3 Credits
Pool 2 = 6 Credits
Pool 3 = 12 Credits
The reason we are bumping the credits up is to account for all the existing credits that are built up in each leg. Doing it this way allows you to retain all the credits that you have not yet been paid out on while we move to the new system.
The new cycle is $200 when you reach 15 left and 15 right. As you can see this is the EXACT same amount of sales to cycle but instead of earning $75 you will earn $200 on the SAME volume!
Sorry about the confusion we will be providing the full details of the compensation plan changes by the end of the week and we are going live with them on the 15th of this month.
Second Correction.
This is actually more of a misunderstanding than a correction but since we received a lot of support tickets about it we wanted to clarify it.
In our last update we mentioned we are closing our pool to the public. This DOES NOT mean we are closing the pool to new shares.
Instead we are closing it off to other miners outside of BitClub Network. When we first launched our new pool back in July we opened it up to the public to allow anyone with their own mining equipment to easily point their hashing power to our pool, whether or not they were part of BitClub Network.
But now we are going to be closing the pool to everyone outside of BitClub Network sometime in the next few months. This is a good thing for all BitClub Network members because we will be 100% of the pool and it means we are getting big enough where we do not need to share any of the mining profits with other miners.
The whole reason mining pools exist is for smaller operations to combine their hashing power together and hit more blocks to share the reward. We don't need anyone else to help so we will be closing it off to the public. (As mentioned in the update we are already 98-99% of the pool anyway so this not a big deal).
Ok now for some updates.
1. Replicated Websites
Our replicated websites will be fully translated this week and ready to use (This includes some minor content changes and now there will be two domains you can use for any language).
Ex. If you want to land on Hindi language page you have two options.
-- http://hi.bitclub.bz/mattjun
-- http://hi.bitclub.network/mattjun
*Also we are currently working on a new tracking system that will go live with our new lead and member management platform. This will allow you to create simple marketing campaigns and these will be assigned and ID#. This ID# will then go right after your username and the system will automatically track all of the hits, leads and traffic generated from the campaign.
2. New Lead/Member Management System
This has been something we have been working on for quite some time but it ALWAYS keeps getting pushed back so we can focus on bigger and more important things. We finally have this close enough where we can announce it will be launched next after the new compensation plan on the 15th. This page will be MUCH better for all of our marketers and leaders who are building large teams.
You will be able to sort and track your people much better, export your lists based on these sorting results and track every hit and login from your leads so you know who is serious and who you can spend time following up with.
We really hoped to have this done before the end of the year but have now made it a big priority to have it completed this month!
3. New Earnings Stats/Binary Stats, etc.
Once we launch the new binary you will also see the stats pages updated. This was a complex process and since we knew the compensation plan was going to be changed the earnings page has been down for awhile. This will be going live along with a lot of other stats and nice bells and whistles.
*Basically with these 3 updates we are going to make it a lot easier for you to track everything you are doing and be more successful in your marketing for 2016!
4. Updates have been archived.
We have put the first 6 months of 2015 on the archives page. You can view them by clicking here or on the right side menu. We will continue to move more of the older updates to the news archive page but will always keep them up so you can get a history of updates. It was pretty cool going through them and scanning over them to see just how far we have come during the last year.
5. ClubCoin Integration
We are going to be integrating ClubCoin into our invoicing system and really providing stats and a LIVE price so that you know how much ClubCoin is worth at any given time. To begin this will be based on the Bittrex price but will soon be an aggregate as we get listed on more exchanges. You will also be able to easily transfer ClubCoin to other members as well as use it to pay for invoices.
There are a lot of other features that will be going live too so you can begin using your BitClub wallet as a real wallet to pay for anything ClubCoin.
Stay tuned for more updates and some big mining news
Here's to a big year!
Sincerely,
-BCN Support Team
Date: January 4th
We hope everyone had a great New Years holiday!
Our team is now back in full and any issues that you may have experienced over holiday will be handled today. We know there were some delays in confirming new transactions and new sign ups but this has now been updated and everything is showing correctly.
*This delay was actually on blockchain side through their API and not on our end so we just had to push the transactions through.
Before we get into a few updates there are two corrections we wanted to clarify.
First Correction.
The new compensation plan details given in the last update were wrong. For the binary we said you would receive double the credits and the cycle would remain the same at 5 left and 5 right. However, that is not correct and we apologize for the misinformation.
You are actually going to receive 3 times the credits and the cycle is 3 times the credits.
So 15 left and 15 right = 1 Cycle
Here is the correct binary breakdown:
Pool 1 = 3 Credits
Pool 2 = 6 Credits
Pool 3 = 12 Credits
The reason we are bumping the credits up is to account for all the existing credits that are built up in each leg. Doing it this way allows you to retain all the credits that you have not yet been paid out on while we move to the new system.
The new cycle is $200 when you reach 15 left and 15 right. As you can see this is the EXACT same amount of sales to cycle but instead of earning $75 you will earn $200 on the SAME volume!
Sorry about the confusion we will be providing the full details of the compensation plan changes by the end of the week and we are going live with them on the 15th of this month.
Second Correction.
This is actually more of a misunderstanding than a correction but since we received a lot of support tickets about it we wanted to clarify it.
In our last update we mentioned we are closing our pool to the public. This DOES NOT mean we are closing the pool to new shares.
Instead we are closing it off to other miners outside of BitClub Network. When we first launched our new pool back in July we opened it up to the public to allow anyone with their own mining equipment to easily point their hashing power to our pool, whether or not they were part of BitClub Network.
But now we are going to be closing the pool to everyone outside of BitClub Network sometime in the next few months. This is a good thing for all BitClub Network members because we will be 100% of the pool and it means we are getting big enough where we do not need to share any of the mining profits with other miners.
The whole reason mining pools exist is for smaller operations to combine their hashing power together and hit more blocks to share the reward. We don't need anyone else to help so we will be closing it off to the public. (As mentioned in the update we are already 98-99% of the pool anyway so this not a big deal).
Ok now for some updates.
1. Replicated Websites
Our replicated websites will be fully translated this week and ready to use (This includes some minor content changes and now there will be two domains you can use for any language).
Ex. If you want to land on Hindi language page you have two options.
-- http://hi.bitclub.bz/mattjun
-- http://hi.bitclub.network/mattjun
*Also we are currently working on a new tracking system that will go live with our new lead and member management platform. This will allow you to create simple marketing campaigns and these will be assigned and ID#. This ID# will then go right after your username and the system will automatically track all of the hits, leads and traffic generated from the campaign.
2. New Lead/Member Management System
This has been something we have been working on for quite some time but it ALWAYS keeps getting pushed back so we can focus on bigger and more important things. We finally have this close enough where we can announce it will be launched next after the new compensation plan on the 15th. This page will be MUCH better for all of our marketers and leaders who are building large teams.
You will be able to sort and track your people much better, export your lists based on these sorting results and track every hit and login from your leads so you know who is serious and who you can spend time following up with.
We really hoped to have this done before the end of the year but have now made it a big priority to have it completed this month!
3. New Earnings Stats/Binary Stats, etc.
Once we launch the new binary you will also see the stats pages updated. This was a complex process and since we knew the compensation plan was going to be changed the earnings page has been down for awhile. This will be going live along with a lot of other stats and nice bells and whistles.
*Basically with these 3 updates we are going to make it a lot easier for you to track everything you are doing and be more successful in your marketing for 2016!
4. Updates have been archived.
We have put the first 6 months of 2015 on the archives page. You can view them by clicking here or on the right side menu. We will continue to move more of the older updates to the news archive page but will always keep them up so you can get a history of updates. It was pretty cool going through them and scanning over them to see just how far we have come during the last year.
5. ClubCoin Integration
We are going to be integrating ClubCoin into our invoicing system and really providing stats and a LIVE price so that you know how much ClubCoin is worth at any given time. To begin this will be based on the Bittrex price but will soon be an aggregate as we get listed on more exchanges. You will also be able to easily transfer ClubCoin to other members as well as use it to pay for invoices.
There are a lot of other features that will be going live too so you can begin using your BitClub wallet as a real wallet to pay for anything ClubCoin.
Stay tuned for more updates and some big mining news
Here's to a big year!
Sincerely,
-BCN Support Team
EinblendenSpoiler:
WOW What An Incredible Year. Recap!
Date: December 31st
2015 was a big year for BitClub Network!
We established ourselves as one of the top mining pools in the world and have laid a solid foundation that will continue to be profitable for years to come. Our main pool which was launched in July of this year has already mined 200 Blocks so far and we earned an additional 2,800 Bitcoin by contributing power to other pools during the year.
In total that's around 7,800 Bitcoin valued at over $3,354,000 USD which was all paid out to BitClub Network Members.
We never expected to mine this much Bitcoin in 2015 but what's even more exciting is our pool is just getting started. We are currently sitting at 7 PH with another 4 PH being plugged in over the next week and we believe 2016 is going to be a huge breakout year for us.
We also continue to reduce our costs and become more efficient as we grow and since we are constantly purchasing the newest hardware and rolling over the older hardware we are projecting much larger margins this year (even with the rising difficulty and growing hash power of the network).
At the rate our membership is growing we should see 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, we will most likely be closing our pool to the public sometime in the next few months because we don't need anyone to help supplement our 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 we are keeping a close on eye on is the rising difficulty rate and the overall hashing power of the Bitcoin 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 today.
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!
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 are we doing this?
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!
ClubCoin Update.
ClubCoin is already taking off!
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 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.
We are approaching our giveaway limit and 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 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.
***THIS HAS BEEN CORRECTED***
Pool 1 = 2 Credits ----> **3 Credits
Pool 2 = 4 Credits ----> **6 Credits
Pool 3 = 8 Credits ----> **12 Credits
***PLEASE SEE UPDATE ABOVE***
We will post full details on the new compensation plan page that will include the level up and matching bonus structures as we get closer to launch.
Some Holiday Delays.
We want to thank you for your patience during this past week. Our team has been taking time off in shifts but we always have someone working and paying attention to issues. As of today we are all caught up with withdrawals and support tickets but considering it's New Years eve you can expect some delays over the next 24-48 hours.
After New Years and the holiday weekend everything will be back to normal on Monday! We are hiring two more support people in January to keep up with our growth and a new marketing director who will really help us communicate better with you in all languages.
Thanks for making 2015 an incredible year and we hope you are excited for 2016!
Sincerely,
-BCN Support Team
Date: December 31st
2015 was a big year for BitClub Network!
We established ourselves as one of the top mining pools in the world and have laid a solid foundation that will continue to be profitable for years to come. Our main pool which was launched in July of this year has already mined 200 Blocks so far and we earned an additional 2,800 Bitcoin by contributing power to other pools during the year.
In total that's around 7,800 Bitcoin valued at over $3,354,000 USD which was all paid out to BitClub Network Members.
We never expected to mine this much Bitcoin in 2015 but what's even more exciting is our pool is just getting started. We are currently sitting at 7 PH with another 4 PH being plugged in over the next week and we believe 2016 is going to be a huge breakout year for us.
We also continue to reduce our costs and become more efficient as we grow and since we are constantly purchasing the newest hardware and rolling over the older hardware we are projecting much larger margins this year (even with the rising difficulty and growing hash power of the network).
At the rate our membership is growing we should see 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, we will most likely be closing our pool to the public sometime in the next few months because we don't need anyone to help supplement our 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 we are keeping a close on eye on is the rising difficulty rate and the overall hashing power of the Bitcoin 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 today.
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!
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 are we doing this?
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!
ClubCoin Update.
ClubCoin is already taking off!
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 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.
We are approaching our giveaway limit and 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 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.
***THIS HAS BEEN CORRECTED***
Pool 1 = 2 Credits ----> **3 Credits
Pool 2 = 4 Credits ----> **6 Credits
Pool 3 = 8 Credits ----> **12 Credits
***PLEASE SEE UPDATE ABOVE***
We will post full details on the new compensation plan page that will include the level up and matching bonus structures as we get closer to launch.
Some Holiday Delays.
We want to thank you for your patience during this past week. Our team has been taking time off in shifts but we always have someone working and paying attention to issues. As of today we are all caught up with withdrawals and support tickets but considering it's New Years eve you can expect some delays over the next 24-48 hours.
After New Years and the holiday weekend everything will be back to normal on Monday! We are hiring two more support people in January to keep up with our growth and a new marketing director who will really help us communicate better with you in all languages.
Thanks for making 2015 an incredible year and we hope you are excited for 2016!
Sincerely,
-BCN Support Team