09.07.2016, 03:07
Hier der aktuelle Newsletter:
Externer Inhalt (z.B. Newsletter, E-Mails, Seiteninhalte):
Big Update. Lots of Info!
Date: July 8th
Included in this update.
Bitcoin Mining Pool Updates
Bitcoin Halving Thoughts.
CoinPay Updates
Lost Commissions Now Paid!
Korean Market on Fire - New Support
New Mobile Apps with added Security
New Languages LIVE (Turkish, Swahili)
We have a big update today regarding many things that are happening with BitClub Network. July is setting up to be a really big month in terms of membership numbers and productivity by our team.
Over the past few months the development side has been moving slower than we expected, this is due to the time it takes to keep hackers at bay and ensure we can protect the system we are building. Unfortunately, we are a huge target for attacks and this is only increasing as we get bigger.
For this reason it's very important that you secure your account!
You can do this by creating a strong password and enabling 2 factor under My Profile. Also, make sure you get your email address verified so you can receive emails from us and be fully verified in our system.
We have thwarted many hack attempts on accounts that are verified and we look closely into withdrawals based on IP's, previously used BTC addresses and more, but please DO NOT count on us to identify this, keep yourself protected and your account secure!
Now for some updates.
Bitcoin Mining Pool
We know the mining pool earnings have been a little low over the past 30 days or so. This is due to many factors that include an increase in the total shares of the pool, rising difficulty to mine, and other market conditions including mining equipment turnover.
As we have always said, buying mining equipment is not just about purchasing hardware and plugging it in. It's about knowing the timing of the market and how to turnover the older models for the newer ones. It's about taking advantage of wholesale pricing and purchasing in bulk, and most importantly it's about securing the newest technology to be the most efficient.
With that said, we are getting ready to boost the pool in a big way. We have 10 PH coming online from Bitmain, they just came out with their new 16nm chips in their newest S9 Antiminer rigs. These machines are now the most efficient on the planet and we have secured a large chunk of the first batch!
With the halving coming up it was very important that we got rid of some of our older models. This included all remaining S5 Antminers and even a portion of our S7 Antminers are being turned over so that we can focus on the S9 expansion.
We believe the S9 is at the peak of the market. The efficiency will not get much better from here and these machines are built to mine for life, so you will see many updates as we expand aggressively with this model and plan to hash with them forever.
Also, we have another 14 PH coming online from BitFury that will begin starting next week July 13th and will come in batches from there until Aug 24th.
This is 24 PH in addition to the 48 PH we currently have in our pool. We already have scheduled purchases during the next few months that will come online near the end of Aug or early September. Our goal is to be at 80 PH by September and fully running on 16nm technology exclusively!
Our pool is about to get a big profit boost too because each new PH we are adding cost a lot less than the ones we are taking offline.
Just to give you a quick sample of this. We pay about $21,000/month for 1 PH of the S5's and the S9 model 1 PH is about $6,800/month. This profit is passed to the pool!
The "Halving" is only 1 day away. Our Thoughts!
You are probably well aware of the upcoming halving that is about to happen after the next 140 blocks. If you are not familiar with this, all you need to know is the reward for miners will drop from 25 Bitcoin to 12.5 Bitcoin.
We believe this is going to put a lot of miners out business within a very short time. Anyone running older models will have to unplug or run at a loss and we will likely see huge volatility in the bitcoin price and the difficulty as the market adjusts.
For mining operations that are focusing on efficiency and long term profits like ours it could be great news in the long-run and allow us to be even more profitable. In the short term we believe the market will be wild and crazy and we are buckling up for the ride.
It's like that the market will over react to just about everything as it happens and miners will constantly be going online and offline watching as the next difficulty numbers become available.
Keep in mind this already happened before. When Bitcoin was cut in half from 50 Bitcoin down to 25 Bitcoin the market was very volatile for about 3 months after as people tried to figure it out.
We believe this will happen again but since the market is much larger the volatility could be less and when the dust finally settles after a few months the price will be higher, the mining more efficient and the network better off!
NOTE: This is just an opinion of ours and nobody knows what will happen, our strategy is to expand the pool and get more efficient so at the end of the day our mining contracts will pay back more Bitcoin than they cost and each member will be better off by participating in our mining pools. We will keep you posted with market news and what you can expect.
This all starts in about 24 hours and is a very big deal in the market so make sure you pay attention!
CoinPay Updates
We are getting very close to having a Beta version of the CoinPay platform and will be rolling it out in steps when it's ready. The scope of this project has really evolved since we started building it with the CoinPay development team.
Here is an overview of where we are.
Finished:
- Payment Detection System (BTC and ClubCoin)
- Downloadable merchant wallet (BTC)
- Core API platform (to allow multiple front end platforms such as: Web, mobile, Android, iOS)
- Secure multi-platform User Authentication system
In Testing Phase:
- Online web wallet (multi-sig user wallet)
- Downloadable Merchant wallet (ClubCoin)
- Blockchain fraud tracking system - instant payment received notification (notification to external APIs or Services)
In Development Phase:
- Web front end
- Mobile front end
- Android & iOS front end
- Client API for full management (client/product/invoice management)
- API data response system
This is just a basic overview of the main features, most of the development still going on is on the front end, this is always the last piece done and will likely continue to be perfected as we launch the first Beta and get to market.
One of the biggest challenges we have faced in building this platform is to set it up without ever touching or holding any customer funds. This allows us to operate as a software platform and not a merchant platform needing any types of licenses.
We are basically building a smart set of API's all bundled together to give merchants full control over how they accept Bitcoin and ClubCoin payments.
Time Frame.
Our goal is to have a limited Alpha version ready to launch this month! This will be invite only to a small group of leaders/members to use the platform and look for any bugs. Then we will launch the limited Beta to all Founders who can begin using it and testing it around the first week of August.
After this we should be ready to go live with the first Open Beta in mid to late August.
We are close! We work hard on this everyday and we are just as anxious as you are to get this launched to the market so we can begin using it.
You will receive more details as each milestone is reached and we will let you know all the details of how you can really cash in on promoting this platform when it's time.
Lost Commissions Paid
We had a few days with some hiccups. This was either due to the website being offline, scripts timing out or just general errors that were never fixed properly. We have built a commission checker and believe we have fixed about 95% of all errors.
This commission checker is a script that goes through each invoice to track where and how it was paid out. When it finds an error it fixes it and you will see this show up in your commission records with a date that is out of order.
*For instance on May 2nd we had a malfunction in the binary that never cycled for the day, it pushed everything over an extra day.
We ran this script to find lost cycles and it found hundreds of them, they were paid on the day we ran the script but the date showed the original May 2nd date. You can expect to see adjustments like this from time to time as we run this script.
This tool may also work against you too, if you were double paid a commission or if a move happened in your team that was never fixed this new tool will fix it and claw back commissions that you did not earn.
All commissions are now 100% up to date, if you have any questions about missing commissions please open a support ticket
Korean Market on Fire. New Support
We have seen explosive growth happening in South Korea, there are some truly incredible leaders in that region doing amazing events and supporting BitClub Network to the fullest and we want to say Thank You!
We are now dedicating exclusive resources to the Korean market that will include hiring a dedicated support person and adding the Korean language to our ticketing system so that your questions can be asked in Korean and answered quickly through our platform.
There are many features we can add as we grow with you and expand our support to ensure that all questions and issues are handled quickly. If you are in the Korean market and you have been waiting on an outstanding issue please be patient as we implement this new strategy.
We are working hard to expand support for you!
New Mobile Apps - Increased Security
We have been working on two new mobile apps that will allow you to access BitClub Network directly through native iOS and Android. This app will be constantly evolving to the point where it will become the platform you use most.
The first version of this app is almost ready. It will include a login to your back office where you can manage your profile, request commissions, pay invoices, and enroll new members easily.
It will also serve as a two factor authentication for when you sign in on the web. You can set up a secure PIN on this device too and use it for withdrawals and any profile changes.
In later versions we will be adding messaging directly into the app so you can stay connected with news and updates, we will also be adding a full mobile wallet for both ClubCoin and Bitcoin so that you can use the app to easily pay through the CoinPay platform or any other Bitcoin merchant platform.
In short, this app will be the future of BitClub Network and we are close to releasing the first version
Here is a quick little teaser of the app.
New Languages Going LIVE!
We have translated the website and videos into two new languages. Turkish and Swahili.
Both of these languages will be live within the next 24 hours and you can already see the videos have been posted to Youtube for them. We are excited to continue expanding worldwide and as we grow in new markets we will continue to support you and translate the website.
We are so excited about the future of BitClub Network. Our leaders continue to impress and inspire us everyday and we are thankful to have the opportunity to build this global platform for everyone.
We are growing faster each month and supporting this growth is our top priority. We believe this network is special and can have a huge impact on Bitcoin as it becomes mainstream.
Thank you for your support and dedication!
Sincerely,
-BCN Support Team
Externer Inhalt (z.B. Newsletter, E-Mails, Seiteninhalte):Date: July 8th
Included in this update.
Bitcoin Mining Pool Updates
Bitcoin Halving Thoughts.
CoinPay Updates
Lost Commissions Now Paid!
Korean Market on Fire - New Support
New Mobile Apps with added Security
New Languages LIVE (Turkish, Swahili)
We have a big update today regarding many things that are happening with BitClub Network. July is setting up to be a really big month in terms of membership numbers and productivity by our team.
Over the past few months the development side has been moving slower than we expected, this is due to the time it takes to keep hackers at bay and ensure we can protect the system we are building. Unfortunately, we are a huge target for attacks and this is only increasing as we get bigger.
For this reason it's very important that you secure your account!
You can do this by creating a strong password and enabling 2 factor under My Profile. Also, make sure you get your email address verified so you can receive emails from us and be fully verified in our system.
We have thwarted many hack attempts on accounts that are verified and we look closely into withdrawals based on IP's, previously used BTC addresses and more, but please DO NOT count on us to identify this, keep yourself protected and your account secure!
Now for some updates.
Bitcoin Mining Pool
We know the mining pool earnings have been a little low over the past 30 days or so. This is due to many factors that include an increase in the total shares of the pool, rising difficulty to mine, and other market conditions including mining equipment turnover.
As we have always said, buying mining equipment is not just about purchasing hardware and plugging it in. It's about knowing the timing of the market and how to turnover the older models for the newer ones. It's about taking advantage of wholesale pricing and purchasing in bulk, and most importantly it's about securing the newest technology to be the most efficient.
With that said, we are getting ready to boost the pool in a big way. We have 10 PH coming online from Bitmain, they just came out with their new 16nm chips in their newest S9 Antiminer rigs. These machines are now the most efficient on the planet and we have secured a large chunk of the first batch!
With the halving coming up it was very important that we got rid of some of our older models. This included all remaining S5 Antminers and even a portion of our S7 Antminers are being turned over so that we can focus on the S9 expansion.
We believe the S9 is at the peak of the market. The efficiency will not get much better from here and these machines are built to mine for life, so you will see many updates as we expand aggressively with this model and plan to hash with them forever.
Also, we have another 14 PH coming online from BitFury that will begin starting next week July 13th and will come in batches from there until Aug 24th.
This is 24 PH in addition to the 48 PH we currently have in our pool. We already have scheduled purchases during the next few months that will come online near the end of Aug or early September. Our goal is to be at 80 PH by September and fully running on 16nm technology exclusively!
Our pool is about to get a big profit boost too because each new PH we are adding cost a lot less than the ones we are taking offline.
Just to give you a quick sample of this. We pay about $21,000/month for 1 PH of the S5's and the S9 model 1 PH is about $6,800/month. This profit is passed to the pool!
The "Halving" is only 1 day away. Our Thoughts!
You are probably well aware of the upcoming halving that is about to happen after the next 140 blocks. If you are not familiar with this, all you need to know is the reward for miners will drop from 25 Bitcoin to 12.5 Bitcoin.
We believe this is going to put a lot of miners out business within a very short time. Anyone running older models will have to unplug or run at a loss and we will likely see huge volatility in the bitcoin price and the difficulty as the market adjusts.
For mining operations that are focusing on efficiency and long term profits like ours it could be great news in the long-run and allow us to be even more profitable. In the short term we believe the market will be wild and crazy and we are buckling up for the ride.
It's like that the market will over react to just about everything as it happens and miners will constantly be going online and offline watching as the next difficulty numbers become available.
Keep in mind this already happened before. When Bitcoin was cut in half from 50 Bitcoin down to 25 Bitcoin the market was very volatile for about 3 months after as people tried to figure it out.
We believe this will happen again but since the market is much larger the volatility could be less and when the dust finally settles after a few months the price will be higher, the mining more efficient and the network better off!
NOTE: This is just an opinion of ours and nobody knows what will happen, our strategy is to expand the pool and get more efficient so at the end of the day our mining contracts will pay back more Bitcoin than they cost and each member will be better off by participating in our mining pools. We will keep you posted with market news and what you can expect.
This all starts in about 24 hours and is a very big deal in the market so make sure you pay attention!
CoinPay Updates
We are getting very close to having a Beta version of the CoinPay platform and will be rolling it out in steps when it's ready. The scope of this project has really evolved since we started building it with the CoinPay development team.
Here is an overview of where we are.
Finished:
- Payment Detection System (BTC and ClubCoin)
- Downloadable merchant wallet (BTC)
- Core API platform (to allow multiple front end platforms such as: Web, mobile, Android, iOS)
- Secure multi-platform User Authentication system
In Testing Phase:
- Online web wallet (multi-sig user wallet)
- Downloadable Merchant wallet (ClubCoin)
- Blockchain fraud tracking system - instant payment received notification (notification to external APIs or Services)
In Development Phase:
- Web front end
- Mobile front end
- Android & iOS front end
- Client API for full management (client/product/invoice management)
- API data response system
This is just a basic overview of the main features, most of the development still going on is on the front end, this is always the last piece done and will likely continue to be perfected as we launch the first Beta and get to market.
One of the biggest challenges we have faced in building this platform is to set it up without ever touching or holding any customer funds. This allows us to operate as a software platform and not a merchant platform needing any types of licenses.
We are basically building a smart set of API's all bundled together to give merchants full control over how they accept Bitcoin and ClubCoin payments.
Time Frame.
Our goal is to have a limited Alpha version ready to launch this month! This will be invite only to a small group of leaders/members to use the platform and look for any bugs. Then we will launch the limited Beta to all Founders who can begin using it and testing it around the first week of August.
After this we should be ready to go live with the first Open Beta in mid to late August.
We are close! We work hard on this everyday and we are just as anxious as you are to get this launched to the market so we can begin using it.
You will receive more details as each milestone is reached and we will let you know all the details of how you can really cash in on promoting this platform when it's time.
Lost Commissions Paid
We had a few days with some hiccups. This was either due to the website being offline, scripts timing out or just general errors that were never fixed properly. We have built a commission checker and believe we have fixed about 95% of all errors.
This commission checker is a script that goes through each invoice to track where and how it was paid out. When it finds an error it fixes it and you will see this show up in your commission records with a date that is out of order.
*For instance on May 2nd we had a malfunction in the binary that never cycled for the day, it pushed everything over an extra day.
We ran this script to find lost cycles and it found hundreds of them, they were paid on the day we ran the script but the date showed the original May 2nd date. You can expect to see adjustments like this from time to time as we run this script.
This tool may also work against you too, if you were double paid a commission or if a move happened in your team that was never fixed this new tool will fix it and claw back commissions that you did not earn.
All commissions are now 100% up to date, if you have any questions about missing commissions please open a support ticket
Korean Market on Fire. New Support
We have seen explosive growth happening in South Korea, there are some truly incredible leaders in that region doing amazing events and supporting BitClub Network to the fullest and we want to say Thank You!
We are now dedicating exclusive resources to the Korean market that will include hiring a dedicated support person and adding the Korean language to our ticketing system so that your questions can be asked in Korean and answered quickly through our platform.
There are many features we can add as we grow with you and expand our support to ensure that all questions and issues are handled quickly. If you are in the Korean market and you have been waiting on an outstanding issue please be patient as we implement this new strategy.
We are working hard to expand support for you!
New Mobile Apps - Increased Security
We have been working on two new mobile apps that will allow you to access BitClub Network directly through native iOS and Android. This app will be constantly evolving to the point where it will become the platform you use most.
The first version of this app is almost ready. It will include a login to your back office where you can manage your profile, request commissions, pay invoices, and enroll new members easily.
It will also serve as a two factor authentication for when you sign in on the web. You can set up a secure PIN on this device too and use it for withdrawals and any profile changes.
In later versions we will be adding messaging directly into the app so you can stay connected with news and updates, we will also be adding a full mobile wallet for both ClubCoin and Bitcoin so that you can use the app to easily pay through the CoinPay platform or any other Bitcoin merchant platform.
In short, this app will be the future of BitClub Network and we are close to releasing the first version
Here is a quick little teaser of the app.
New Languages Going LIVE!
We have translated the website and videos into two new languages. Turkish and Swahili.
Both of these languages will be live within the next 24 hours and you can already see the videos have been posted to Youtube for them. We are excited to continue expanding worldwide and as we grow in new markets we will continue to support you and translate the website.
We are so excited about the future of BitClub Network. Our leaders continue to impress and inspire us everyday and we are thankful to have the opportunity to build this global platform for everyone.
We are growing faster each month and supporting this growth is our top priority. We believe this network is special and can have a huge impact on Bitcoin as it becomes mainstream.
Thank you for your support and dedication!
Sincerely,
-BCN Support Team
