It’s been three months since my last report on this and now I can give a full one year update on this BitCoin mining opportunity.
To remind you, BitClub Network is a totally passive income. You simply invest in the mining pool and you receive a share payout every single day based on the number of BitCoin that has been mined by the pool over the previous 10 days. Your purchase gets you 1000 days worth of mining pool payouts.
The automatic partial share purchase also means that your shares in BCN grow larger the longer you stay in.
Investors also receive an amount of ClubCoin, BCN’s own crypto-currency, just for investing, and many members have recovered their total investment already simply by selling the free ClubCoin they were given. I chose to keep my ClubCoin and grow it over 12 months in their ClubCoin pool so that I’ll have 20% more by January 2017. I’ll have a look at ClubCoin value then and make a decision whether to sell some to recover my initial investment too, in which case all the BitCoin I’ve earned to date will be pure profit, and will continue to pay out every day indefinitely.
I invested a total of $3,599 by purchasing a Founder package back in September 2015 and have been paid every single day since then.
My total payments from the mining pool alone amount to:
5.74784 BTC which is $3,658 at current rates.
A portion of this has been re-invested back into the pool automatically so that I now own nearly 50% more shares than what I first purchased too. Every single partial share re-purchase gets the full 1000 days share payouts so although the original share purchase back in September 2015 is due to expire in 2018, all the new shares automatically re-purchased means I will continue to get paid indefinitely.
Plus I have around 13,000 ClubCoin which is worth over $6,000 at current rates.
That’s not all. Being a member of BCN gives you the opportunity to invest in other offshoots of the business. They will shortly be releasing their own retail payment gateway, CoinPay, that allows retailers on and offline to accept payments not only in fiat currencies but also cryptocurrencies. It will replace traditional merchant facilities and their hefty charges and also completely avoid chargebacks.
They also mine Ethereum, although that has turned out to be a rather slow investment, and they are gearing up to mine ZCash, which is a completely anonymous new cryptocurrency that everyone in the business seems to think could turn out to be a hugely profitable investment.
In fact, here’s what BCN have to say about it:
BitClub is Launching a Zcash Mining Pool…
Over the past year Zcash has been one of the most anticipated projects in the digital currency industry. They have assembled a dream team of top cryptographers and security experts who came together to build the most secure and private blockchain imaginable.
We are really excited about Zcash because unlike anything else in the market today, Zcash is truly the END GAME when it comes to privacy and security and there is nothing that can beat it… EVER!
What makes Zcash so special?
Zcash uses a zero proof, zero-knowledge permissionless blockchain that leaves no traces of any transactions. This is the ultimate in privacy and security and could quickly become the default privacy coin of the future.
With Zcash, the only thing a receiver knows about a transaction is whether or not the transaction is valid or invalid. There are no address to review, no blockchain trail, and there is no way for the public to see where balances are being kept in Zcash wallets.
This new technology is head and shoulders above anything else and if you want technical details we encourage you to check this out (https://z.cash)
Initially the Bitcoin blockchain was considered to be private and anonymous, but it’s actually the complete opposite because every single transaction is recorded for the public to view and there are now really great tracking tools that can trace Bitcoin transactions all the way back to their original creation.
This is also what makes Bitcoin great and the blockchain itself has sparked an entire record keeping revolution that we are just starting to see right now.
But this is not private, it’s public! The industry has known Bitcoin is not ideal for privacy so there have been other coins launched that attempt to be more private and secure.
Blackcoin (BLK) was a great attempt as they would mix the transactions together making it much harder to track and therefore more secure.
Then Monero (XMR) came out and they mixed their transactions at the master node level making it nearly impossible to track them, but this is really just the same technology with a clever mixing strategy.
Zcash is the final version of a privacy and there is no mixing or special rules that run on top of the same protocol. They really broke the mold with this one and after the launch we think it will dominate the niche for those who require more privacy and security.
A BIG Opportunity for BitClub Members…
Zcash officially launches on October 28th and unlike most coins who provide an initial distribution of their coin by offering a pre-sale or some type of pre-mined amount, Zcash did nothing like this and their supply starts at 0 so nobody has a single coin yet!
This means ONLY MINERS can get Zcash in the beginning, you cannot buy it from an exchange or get it anywhere else unless a miner decides to sell it. There is no existing supply and this will make Zcash very valuable in the early stages.
The Zcash team intended for the coin to be mined using CPU’s which is a standard personal computer. They were thinking everyone would mine from their own PC’s and just like the early days of Bitcoin the coin would naturally get distributed to individuals who were keeping the nodes running.
However, what they did not count on (or more likely what they did not expect to happen so quickly) was the implementation of GPU mining that could be configured to mine Zcash much more efficiently than CPU’s.
Recently the Zcash team realized this was happening and they are now offering a $30,000 USD bounty for anyone who posts the configuration to allow GPU mining to work so that everyone can particiapte and nobody can corner the market on the initial launch.
Well, guess what… We have this code 🙂
We are not going to share it and collect the $30,000 bounty because it’s much more valuable that this! We believe someone will probably come up with this code and collect the bounty but we also believe that our GPU mining configuration will be much more efficient than anything else.
So the bottom line is… We are in a great position right now to capitalize and get a HUGE jump on Zcash mining the minute it launches.
Now if we were greedy then we would not tell you about this, instead we would make a small fortune ourselves for being early GPU miners and ride the Zcash wave to the bank.
However, we are not greedy… We like to share and our motto is all about providing our members with great opportunities like this one so that we can continue our mission to help you cash in!
Plus, we believe Zcash needs a good distribution channel since they did not pre-build one and this is something we can provide. We will mine everything on behalf of all BitClub members and distribute this coin to thousands of people who will become the early adopters of Zcash.
This coin will be in high demand and there is no telling how profitable it can be to be. All the exchanges are dying to get their hands on Zcash right now and there are even orders on some exchanges that offer future contracts going as high as $50 USD per coin. This could sky rocket much higher because of huge demand and low supply.
*Quick Disclaimer… This is our opinion, this coin could fail and crash, it could have no value and end up being a huge flop. There is always a lot of risk with new coins but we believe in the Zcash team and in this zero proof technology enough to double down on our GPU mining equipment and go big!
How will the Zcash Pool work?
This pool will be very similar to how the Ethereum pool works. In fact, really good news for everyone in the Ethereum pool… You will have the option to use your GPU power to mine Zcash or keep it in Ethereum (we will allow you to make this switch shortly after the launch, probably about 1 week or so but it will not be ready on the launch day).
The Zcash pool will pay whatever it mines on a daily basis just like all other pools we run. You will have a virtual Zcash wallet and you will need to set up a real wallet to transfer your Zcash out of BitClub.
Each share will cost $1,000 USD that can be paid in either Bitcoin, ClubCoin, or through your virtual BCN Wallet balance. There will only be 5,000 shares available for purchase before the pool is sold out. We already purchased this power months ago in anticipation for this and it will be ready to hash by October 28th so there is no waiting!
How/When Can I Buy?
We are going to be launching this pool in 3 different waves…
First, we ALWAYS offer our leaders the first chance at opportunities like this so our first wave will be as follows…
Wave #1 Shares by Rank…
Builder = up to 2 Shares
Pro Builder = up to 3 Shares
Master Builder = up to 4 Shares
Monster Builder = up to 5 Shares
If you are at any of these ranks you will see a buy link where you can purchase shares and you will have 12 hours of exclusive access before the next wave begins.
Wave #2 will be all Founders who have not achieved the Builder rank. You will have the opportunity to purchase 1 share and you will have 6 hours to complete your purchase before the next wave opens.
Wave #3 is everyone else at the rank of Miner who can purchase shares before the pool closes. The total promotion will last a maximum of 72 hours before it’s closed. We expect this to pool sell out before the 72 hour deadline but if it doesn’t then BitClub will retain whatever shares are not sold.
The Zcash pool will be launching sometime next week between the 21st of October and no later than the 24th. This gives you about 10 days to prepare for it and we will provide more details in another update, including a countdown clock at the top of our website 24 hours prior to the first wave.
GPU Mining Pools – Many Future Opportunities
We are focusing on expanding our GPU mining facilities right now because these machines are more versatile than the ASIC mining rigs used for Bitcoin. ASICs only have one purpose and one function so their lifespan is a lot shorter (2-3 years).
However, GPU’s can be used for many different purposes outside of mining and this provides you with more opportunity in the future. We have big plans to become one of the largest GPU farms in the world.
We believe opportunities in mining will continue to hit the market for many years as new coins launch and when you purchase a GPU in this pool, it’s yours forever!
Since GPU’s can be used outside of mining as well we will continue to find profitable ways to rent out GPU power if it’s more profitable than mining and these machines can last 20+ years so this could end up being a very good opportunity to own a piece of our farm!
Think of AWS (Amazon Web Services) they are spending billions building up their server farms and expanding like crazy. Last year they did 10 Billion USD in revenue from renting their servers and they are increasing capacity daily.
We see computing power being extremely important in the future because everything is moving to Artificial Intelligence based and there is a HUGE demand for Parallel Computing power right now.
Companies like Google, Microsoft and many others are expanding their server farms just to be able power their own services and we see many use cases and opportunities to rent GPU power in the future.
We envision our members being able to pick and choose where they want to push their GPU power to earn the best ROI available. So for those of you who purchased our Ethereum pool who were thinking it was only for Ethereum you are sitting in a very good position and your opportunity has only just begun!
There will be another update coming soon about everything else we are working on too… ClubCoin, CoinPay and the launch of our Mobile App, but first we wanted to dedicate this update to Zcash because it’s a very unique and time sensitive opportunity.
Here’s to a bright future!
So, all in all, I have to say I’m very happy with my decision to invest in BCN a year ago, and I look forward to seeing what happens over the next year!
You can join BitClub Network here:2 comments