We had an update from BitClub Network yesterday:
Mining Pool Updates, Ethereum Rise, and More!
Date: March 16th
Included in this update…
- Mining Pool Details & Expansion Plans
- Ethereum Rise
- New Tools, Stats, and App
Mining Pool Details & Expansion Plans
You may have seen the news circulating last week claiming that our pool was attempting to “attack” or “hack” the Bitcoin network. This is false!
We have always tried to remain neutral in the ongoing scaling debate between Segwit and Unlimited, and recently when testing some of our new mining equipment we exposed a bug in the code that ended up crashing Blockchain.info. Of course this was initially seen as a threat, but it was just a really good test to strengthen our security and the network itself.
Our pool is currently signaling for Segwit, which is supporting Core. We even donated a significant amount of Bitcoin to help fund Core development and show our support for them. You might recall when our pool mined the largest block in the history of Bitcoin. Block #409008
We gave half of this 291 block fee to Bitcoin Core – That is 146 Bitcoin donation to support them!
However, fast forward to today and the truth is we don’t care who wins the scaling debate! Whether it’s Segwit or Unlimited our goal is to play for the winning team and we will continue to mine and support the Bitcoin blockchain in the best way we can to ensure it’s future success.
So don’t fall for all the hype… Some are claiming this was politically motivated and they are using it for their own propaganda. We even heard conspiracy theories about the timing of this test because it happened to be on the same day the ETF decision was announced. But all of this is garbage!
The only thing you need to know is that WE LOVE Bitcoin and we will always act in the best interest of Bitcoin on behalf of all of YOU! (our members).
Right now our pool is expanding like crazy and you will see we currently have around 120-130 PH fluctuating at any given time. We also have another 60 PH that will go live on April 19th, and another 50 PH coming behind it.
We are now preparing for both outcomes (Segwit or Unlimited) and will soon begin mining blocks that signal for both options to make sure our pool is ready to support the winning side. In the mean time we will continue to expand our membership and hashing power.
With the rise of Bitcoin we have seen a huge rise in Ethereum as well. At the time of this writing it’s at $46 and that’s triple what it was last week. We strongly suggest that if you are mining Zcash right now with your GPU power that you hurry and move to Ethereum ASAP. We believe this ongoing Bitcoin scaling debate is causing a lot of investment to flow into Ethereum (and other coins too).
Many of you have been slowly accumulating Ethereum daily since we launched the GPU pool about 10 months ago. There is no doubt you are very happy if you didn’t sell your coins and we strongly recommend that you don’t sell them now either! Hold and even buy more because this is no fluke.
Ethereum has massive potential and right now there are more developers building Dapps on top of Ethereum than on Bitcoin or any other coin. We believe once these apps begin launching the value proposition that Ethereum will be huge and most importantly… MORE SCALABLE than Bitcoin!
To date we have mined 193,072 ETH and we have paid 100% of this back to you (which today is almost $9 Million USD).
At this rate with the current hashing power vs the value of ETH it makes sense to hurry and expand our mining farm and therefore we will. We are currently negotiating a batch of GPU equipment and will be offering shares in the very near future. If you missed out on the earlier rounds this is your chance to get some GPU power. (more details coming soon on this)
We really like the GPU mining model because as we said, GPU power can last for many years. (20+ years before GPU cards break). And since we give you full control and flexibility of where you want to point your power we believe this can be a great investment model.
More details about the next GPU offer coming shortly…
New Tools, Stats, and App
We are getting ready to launch some new tools that members have been begging us for. This will all happen on our new platform which is in the final final stages of testing. This new platform is synced up with our mobile apps and provide a seamless backend experience that we can scale on.
This new update will be the biggest update we’ve ever done and you will see some of the pieces of the site running in parallel with the old system as we stabilize everything. With this new platform comes really good stats, tracking, and reports on your earnings. It’s faster, more secure and will allow us to build features much faster.
Some of the updates include a new enrollment tree page, new binary views, new landing pages for leads, and a mobile invoicing system that we have been waiting many months to implement.
Our new mobile app is also ready to go on Android phones and the mobile web version of our platform is much more functional and again uses a synced database. We will begin moving over next week and hope to be completely on the new platform by the end of April.
This update has been a long time coming and it’s been very hard to freeze the code and update it as we are constantly adding more stuff and dealing with attack vectors, so thanks for your patience we know the member stats and tracking has needed a refresh for a long time and it’s nearly there!
As always thanks for being a BitClub Member and stay tuned for more updates this month.
I invested in BCN eighteen months ago and it’s certainly been the most profitable passive investment I’ve ever made. And it looks to get even MORE profitable as times goes on. You can invest in the mining pool for as little as $599.
You can sign up for a free account, and more information, here: