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BITCLUB NEWS

Updates, New Mining Pool Changes and More!
Date: June 16th

Included in this update... 

• New Back office (Pro, Master and Monster)
• New Mining Pool Upgrades
• GPU shares begin July 1st - 2000 day contracts
• Pool & Withdrawal Delays - Fixed!
• DASH No Longer Available GPU Shares
• ETC Fork Commissions Paid Out
• Hardware Wallets Batch #2 Update

New Back Office... Available to Pro Builder, Master and Monster

We are finally ready to release our new back office. This project was a complete overhaul of our system to separate out key components so that we could continue to hire developers to work on pieces that were isolated from each other. 

In short, we thought we would roll this out in January but it took until now to have a stable bug free platform. However, we still want to make sure it's bug free on a live test so we are only allowing Pro Builders, Master Builders, and Monster Builders to login and use the platform. 

This platform has a completely new backend that powers it, however we kept the look the same. (exactly the same). So you wont notice much of a cosmetic change but you will see a lot of new upgrades and this new platform is tied in with our Android app that will be launching in the next week on the Google play store. 

Some of the new features include...

1. Detailed wallet stats for every wallet (BTC, ETH, ETC, CC, ZEC, DASH). You can view stats based on different types of earnings/expenses, filter by date range etc. Look for this in the "Stats" tab under each individual wallet page.

2. Detailed Binary Cycle Stats can be seen from My Team >> Binary Tree page and then look to the right of "Activity for the last 3 cycles" and click on View all.

3. Now you can filter, view, and download a list of Personals in CSV, XLS, or PDF format. To find this go under My Team >> Personal Referrals

4. Communicate with your team using a personal team chat. This allows you to send messages through the platform to your team members. Right now this is pretty basic but we plan to expand this so you can use the platform to update and inform your team. To find this go under My Team >> Team Contact.

There are a lot more stats and other features including faster loading, caching and a brand new database that will soon sync up with our mobile app. 

To try this platform you can login directly by going to https://members.bitclubnetwork.com 

Or you will see a link on the login page to click and login to new platform. 

Our goal is to have only top leaders use this platform for about a week or so and report back any last bugs we may have missed. After making some final tweaks we will make it live for everyone. We will likely run this parallel with the old back office for about a month or so just to make sure all parts are working and stable before we kill the old back office. 

Try it out and report any bugs by opening a support ticket 

New Mining Pool Upgrades...

As of today BitClub Network has purchased a total of 317 PH on behalf of all members. Currently you will see about 240 PH is live an hashing in our pool with the remainder being sent as soon as the manufactures can assemble it and ship it.

We believe 500 PH is very doable by the end of the year so we are making some upgrades to our pool servers and we also are making few changes to the mining pool structure itself. These new changes will go live on July 1st so make sure you are aware of them. 

Change #1... With the current market conditions and the size of our orders we need to extend the 10 day waiting period to 30 days. This means when you purchase a new mining pool share your 1,000 days will not start earning for 30 days. This also includes partial shares! 

Change #2... We are going to be consolidating the partial share payments earned each month into 1 payment after the month is over. Basically, our system is being overloaded with partial share repurchases and all of the commissions that need to be paid on each of them needs to be optimized. 

This solution will not only help to consolidate the payments but it actually gives you up to 30 days more hashing time on each share and it makes the tracking and management much easier. 

Example... This is a sample table shown under the mining stats page for May partial shares:

Total Shares	Date Paid	Expires
0.0128	05-01-2017	965 days
0.0126	05-05-2017	969 days
0.0127	05-09-2017	973 days
0.0128	05-13-2017	977 days
0.0127	05-17-2017	981 days
0.0127	05-21-2017	985 days
0.0131	05-25-2017	989 days
0.0135	05-30-2017	994 days

Each time you earn 2.5% of the mining pool share the system automatically makes a repurchase. You see the repurchases individually like shown above. You will continue to see your partial shares earned in the current month, but after the month is over we will consolidate this table and sum all the of the partial shares earned to create a single monthly entry.

In this example the total new shares earned for May was 0.1029 shares, so all future payments will be made on this single figure. We are also going to give you the most days remaining on the last share earned in that month. (So in this case it would be 994 days). 

So here is what the new table will look like... 

Total Shares	Date Paid	Expires
0.1029	May 2017	994 days

This consolidation will happen sometime in the next 2-3 weeks (we are hoping July 1st) and when this happens it will be much easier for you track and see the stats under your wallet transactions. So please don't be alarmed when you see your records shrink because the amounts will stay the same!

GPU Shares Start July 1st - New 2,000 Day Contracts

The latest batch of GPU mining equipment that was sold in June will begin paying on July 1st. Just like the previous GPU shares all mining shares will begin hashing Ethereum and you can switch to whatever coin you wish after it goes live. We may offer one more round of 2,000 shares this month that will also go live July 1st, so stay tuned for details on this if you still want in this batch. 

One big change we are making to ALL GPU mining shares is we are removing the "lifetime" share terms and moving all contracts to a maximum of 2,000 days. After mining in this space for the past couple years we have a much better handle on the life cycle and maintenance of these GPU rigs and we think many members were confused by the "lifetime" phrase meaning their own human lifetime. 

When we said lifetime, what we meant was the "lifetime" of the machine until it dies or is no longer profitable to maintain. 

2,000 days is a long time! We are talking about 5 1/2 years of running a machine at full capacity 24/7. Right now we are constantly having to replace little things like fans, memory cards, PSU's, mother boards, and GPU cards die as well. When we include all the labor to keep these machines running 24/7 we think 2,000 days is more than fair. 

Starting July 1st all shares will show the remaining days left, and this will include time that has already elapsed from ALL shares. If you are not happy about this change then you can always request your GPU rig and you can mine on your own. The buyout of your GPU will be all profits earned minus the cost of your machine and we will ship it to you ASAP!

NOTE: 2,000 days from now is the year 2022 and when these contracts reach that point we may be in a completely different situation and can do some type of buyout or who knows? But for today it was important that we set a hard limit on the time these GPU shares would pay because we estimate 80% of these machines will be dead by then.

Now Some Great GPU News...

There are some really exciting things happening in the GPU mining space today and our platform is set up perfectly to take full advantage of this ride up. For those of you who bought early shares you are no doubt happy with the results from both Ethereum and Zcash. 

We believe this market has A LOT more room to run and we are going to be aggressively expanding our mining operations to take advantage of these next 5 years! In fact, we will be making a big announcement at our upcoming leadership meeting in Iceland where we have invited some of our top leaders to take a private tour of our mining facilities. 

After we make the announcement in Iceland there we will be an update here with everything said. 

Pools & Withdrawal Process Upgraded - Delays Fixed!

Due to the amount of daily earnings and withdrawal requests from all of the coins we now support (Bitcoin, ClubCoin, Ethereum, ETC, Dash, Monero, and Zcash) we had to make some big upgrades to our scripts to improve this process and this is now complete.

Some of you may have experienced delays in receiving your payments and withdrawals over the past 2 weeks and we apologize for this. Everything is now caught up to date (or will be by the end of today) and you can expect a much faster payout moving forward. 

Thanks for your patience!

DASH No Longer Available GPU Shares 

Mining DASH with GPU's is no longer profitable. We have seen some big deployments of new ASIC chips in the DASH ecosystem and this makes it hard for GPU profitability. This means we are going to be shutting down the DASH pool starting July 1st.

If you are currently mining DASH you should switch over ASAP because you are losing a lot of money by not being in ETH or ZEC right now. 

If you don't switch manually then your shares will automatically switch over to Ethereum starting July 1st. We will continue to support DASH wallets and we really like the future of where DASH is headed, they have a great development team and concept with their master nodes, but right now it doesn't make sense to use our GPU power to mine DASH. 

We strongly suggest you withdrawal all of your DASH coins

Ethereum Classic Fork Commissions Paid...

These were long overdue... But just recently all shares of the initial GPU Ethereum mining pool have been issued the matching ETC tokens from back when the chain forked. These coins have been credited to your ETC wallet and you can now withdrawal them easily. 

NOTE: Our new Hardware Wallets also support ETC so you can withdrawal them to your device if you have one. This is actually the safest place to store ETC right now!

Hardware Wallets Batch #2... 

We had a slight delay in the second batch of hardware wallets (basically we sold too many too fast). This caused some delay because the company couldn't make them fast enough for our demand but now we are stocked full of wallets and will be shipping all outstanding orders this week. 

You will see your order marked as Confirmed and then marked Shipped once we have verified your address. After this you will receive the tracking info so you can make sure to find your package. We know some of you have been waiting a long time to receive this so thanks again for your patience! 

Moving forward we have a better system in place, and a stacked supply chain so we can process orders as they come in rather than in batches. So feel free to order the hardware wallets and know you will receive them a lot faster. 

Stay tuned for the next update, it will include a lot of new features in the new back office as well as some big updates on our CoinPay launch, GPU mining expansion, and much more! 

Thanks for being part of BitClub Network! 

Sincerely,
-BCN Support
copy pasted from my back office at 
www.bitclubnetwork.com

Programmer explains Stratis - Blockchain for the industry

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"BITCLUB NEWS

More GPU Mining Shares, WaterRelief.org, Beware of Scams!
Date: May 17th

Included in this update... 

• More GPU Mining Power Available
• BitClub teams up with WaterRelief.org
• Beware of Scams!

10,000 Additional GPU Shares Available...

Starting on Friday May 19th (about 48 hours from now) we are offering another 10,000 GPU mining shares to all members with no restrictions. 

We have secured this equipment already and placed the order, we will begin mining within 4 weeks of purchase and these machines will belong to you! At this moment GPU mining has never been more profitable and we are expanding aggressively to build the largest mine in the world. 

Demand for these machines is off the charts! They are sold out just about everywhere and the entire crypto currency ecosystem is going crazy! 

If you missed out on our previous offers, or if you just want to add more GPU shares to your daily earnings, then make sure you are ready to buy on Friday May 19th. The last time we made this offer all 10,000 shares were sold out within 36 hours and we expect the same thing to happen again. 

Get your Bitcoin, ClubCoin or Credit Wallet ready so you don't miss out. 

The offer is exactly the same... Each share sells for $1,000 USD and you have the ability to mine Ethereum, ETC, Dash, Monero, and Zcash. All commissions for each share are paid like Pool #2 of our Bitcoin mining pool and you can purchase as many shares as you want. 

Once they are sold out you will have to wait until the next batch.

BitClub Teams up with WaterRelief.org

After seeing what WaterRelief.org was doing in Africa our team was very inspired to jump in and help bring fresh water to remote locations across the world. Below you will see some of the wells we have sponsored so far and it's our goal to have over 100 wells built by the end of the year.

Today we are about halfway to 100 wells and here are some pictures to share... 

 

To learn more you can go to www.waterrelief.org and see more of our wells and get details about this organization.

We want to thank all of our leaders who helped make these wells possible, our company is very passionate about bringing Bitcoin to the world and we believe countries like Africa and other undeveloped nations will benefit the most from this amazing technology.

Here's to building more wells and helping spread the word about Bitcoin!

Beware of Scams, Copy Cats, and Fake Websites

We are starting to see a lot of scams launching in this space just about everyday. Some of these companies claim to be associated with us and they are even using our company as a way to scam you. 

One in particular is Bitclub-Mining.com - This is NOT OUR WEBSITE!! 

These scammers are using our logos, videos, and more in an attempt to profit by claiming to pay out more money. Please stay away and warn your team not to get involved with this. We have attempted to get this website removed with many demand letters but they are being ignored so we are sending out another warning about this.

Everything we offer or plan to offer in the future will be within this membership platform so please beware of any emails or fake claims like this one. 

Thanks for being a BitClub member!

Sincerely,
-BCN Support "
(copy / pasted )

Crypto Tales Pt. 1: Odd Stories That Surface in Bitcoin-Land

                                        
(copy/pasted from 494bitcoins.com )
How 494 Bitcoins Works

The 494 Bitcoins global peer-to-peer donation network is a way for you to help others like yourself, and in exchange they will help you. We are a community of people looking for financial backing in the projects that will fulfill us and bring more joy to the world. If you want to experience the success of turning your dreams into reality, then pay attention. We have as system that works for everyone. It's 494 Bitcoins.

Become an active member of our community

Start by signing up and getting your account set up. You'll need a bitcoin wallet in order to participate. You can get a free wallet at https://blockchain.info. Once you have your wallet, add your BTC receiving address into your "My Profile" page.

Next, you need to upgrade your account by providing a small donation to the person who referred you, or someone else they referred. Follow these simple steps:

• Click the upgrade link/button
• Get the wallet address and the amount for the donation.
• Go to your wallet website and send the amount of bitcoin to the wallet address from step 2.
• Get the transaction hash id from the site you sent the bitcoins.
• Copy and paste the transaction hash id into the payment verification form on the upgrade page from step 2.
• Enter the amount paid, and click submit.
• That's it! You just made your first donation!

Your bitcoin donations are verified and confirmed automatically within minutes.

Now you can get referrals of your own and start receiving funds from them just like you just funded your up line. If we all work together we'll all succeed to the highest levels.

Find your links and banners on the "Promo Tools" TAB. Share the banners with your referral link wherever you advertise. Tell your friends! This is an incredible opportunity.

The donation sharing network

When you join, you will get a sponsor. It may be the person who referred you, or it will be someone in their down-line - someone else they referred or someone one of their referrals referred.

So, you'll make your first donation to your sponsor. That allows you to get referrals and receive donations.

The first 3 people who you sponsor will donate the 1st Level amount to you.

The 3 people they each sponsor (total 9) will each donate the 2nd Level amount to you.

The next level down - level 3 - (total 27) will each donate the 3rd Level amount to you.

This goes on for 5 levels growing each time in total by a factor of 3.

Now, the people you sponsor on your 1st level will donate the 2nd Level amount to your sponsor.

Then they will donate the 3rd Level amount to your sponsor's sponsor (3 levels up).

And on up the line it goes to 5 levels.

Donation Rules:

1-You must maintain an active membership to receive donations. 2-You must have made the Level donation within the specified period in order to receive that Level donation from others. 3-If you do not have the required Level active then donations at that Level which are due to you will pass up to your sponsor or someone else in your up line who is eligible.

Spillover:

You will be able to have a maximum of 3 active referrals on your 1st level. Those are called your front line, or direct referrals. You may refer many more people who sign up with your referral link. If you have no active referrals on your front line, then no members you refer will spillover because no one in your down-line is eligible yet. So, you may see that you have many more than 3 referrals on your front line if none are active.

Once the members in your front line make their first donations then they can have referrals placed under them. And once you have 3 active members on your front line the next ones who make a donation will spillover before doing so. They will be assigned to someone in your down-line as their sponsor. The reset of your referrals will spillover when they register for an account.

What's make your platform/matrix different from the other?

Well, If you upgrade to the max Level 5 and a direct referral from your level 5 down-line upgrade all the way to Level 5 as well, you are eligible to receive the 2 BTC donation even if you don't yet have all 3 members on your 1st Level (or any of your levels are completed for that matter) you will still receive the 2 BTC donation from that member as per the other platforms will let you get donations from a Level, only if the previous one is completed.

Very important to read below!
The system will not accept wrong amount (+ or -) send to sponsors. (you will have to resend the right amount of coins)

The system will expire your transaction if still 0 confirmations after 48 hours.

You will not be able to upgrade to the next level until your previous transaction is completed.

You will have to perform your own support on a fail transaction and contact your sponsor yourself (make sure you record your sponsor email and user ID before sending coins)

Understand that this is a member to member donations platform not a member to admin to member platform. Therefore, we do not collect any fees or commissions on your donations.

Members are responsible for sending the right amount of coins with enough fee for the transaction to get minimum 1 confirmation in the 48 hours time frame.

If you do not accept terms, you can not use this platform.

Naturally, you can contact support on any matters related to the malfunction of the platform.


Click Here To Join

BITCLUB NEWS

Mining Earnings Update...
Date: April 14th

Included in this update... 

• Bitcoin Mining Earnings (temporary dip)
• Ethereum/GPU Mining Adjustments

Bitcoin Mining Earnings - Temporary Dip

You may have noticed the recent dip in our daily mining earnings. Unfortunately, these numbers are accurate but they are only temporary. 

Over the past 30-60 days BitClub Network has been growing faster than anytime in our history. This is a great thing, however it's also been the longest stretch we have gone without adding additional power to our pool and the result has been a big dip in the payments per share. 

The reason is simple... We recently structured a long term deal for ramping up our power and during this time frame we saw a huge influx of new shares. 

The result is one of our lowest 10 day stretches in history that started a few days ago. But the good news is we have 60 PH coming online in 5 days from now, plus another 50 PH coming online May 16th and then another 40 PH coming online June 7th. All of this power was paid for months ago as part of the biggest deal we have ever done with BitFury. 

Also, we have an additional 20 PH coming online sometime in May from Bitmain and another 20-30 PH in June (assuming we don't make any additional purchases as it could be more). 

This means the combined total power will be an additional 200 PH added from April 19th through June and this will put our pool above 330 PH total!! 

So please don't panic... We just got caught up in a small dip because of the large scale deal we made and we will make it up quickly.

One thing you will always get from us is honest numbers. It may not be great news at times but we ONLY pay what we are actually mining and we will never put the company in jeopardy by paying out more just to keep you "happy"

We see competitors doing this all the time and it's very easy to see they are just lying and paying out ridiculous returns that are not sustainable. 

Our mission is to stay on track and build long term sustainable mining solutions that will pay for many years to come. We are also leveraging our membership in many ways beyond mining to help you really cash-in on this digital currency boom. 

So be patient because you will see a huge boost when our new power comes online.

Ethereum/GPU Mining Adjustments

With the addition of 10,000 new shares that will begin paying tomorrow we did a full audit on our Ethereum payments and found we were paying out way too much.

There were a few reasons for this over payment... 

First, we had a majority of our shares mining Zcash when we launched the Zcash pool back in October. During this time we constantly had to adjust the earnings per share because we kept finding new improvements in the hashing algorithm that would increase the efficiency of each GPU. 

You may recall we kept doing adjustments and doing audits to pay more as we improved the algorithm. You can even go back to some of our updates below to see these announcements. Our main focus was on Zcash and optimizing this pool until Ethereum exploded in price going from around $12 USD up to $50 USD almost overnight. 

When this happened we saw thousands of shares moving from ZEC to ETH and this meant manually having to switch and reboot machines to mine Ethereum. At the same time the overall hashing power on the Ethereum mining network jumped from around 8 TH/s up to around 18 TH/s. 

This is more than doubling the difficulty in ETH and we did not properly adjust for this and allocate the shares correctly.

So the end result was a large overpayment for about 30-45 days. Recently, we ran a full audit on our numbers and we have adjusted the payout to what is actually being mined with our power. 

The good news... WE ARE NOT going to claw-back any of this overpayment because it was our mistake and we are going to allow you to be paid around 3-4 times more during this stretch, you can keep it all.

Starting today you will see accurate numbers and the new 10,000 shares will begin paying the correct amount. We will also keep a much closer eye on this growing network and make adjustments as needed. 

Error #2... After we sold the new batch of 10,000 shares we found a bug where some members were being paid on the new shares before the power was ever hooked in. This also affected existing shares due to the way we allocated them in the system.

Basically from April 1st - April 12th all of the new ETH shares had to be clawed back and this was done yesterday with a notice on the ETH Wallet page. 

So to recap, if you are seeing an adjustment on your ETH wallet it's only from the April 1 - April 12th time frame that we clawed this back, but we still paid you on each share 3-4 times more than normal, so the only thing clawed back was from new shares purchased in this latest round. 

We wanted to clarify this and also remind you that we do make mistakes from time to time and these mistakes will usually be fixed by an audit.

This is how REAL MINING works, we are not cloud mining or paying you on "theoretical numbers" we are actually mining with real hardware and we are constantly trying to improve the ROI and efficiency of our operations to make you more money.

Hopefully this makes sense, and just know that we will ALWAYS try and do the right thing on behalf of all members so that you understand what is going on and why.

We appreciate all your support as we continue to execute our business model in a fair and accurate way. 

Sincerely,
-BCN Support 

-----------------------------

Website Downtime, Ranking Scripts, GPU and More...
Date: April 12th

Included in this update... 

• Website Attacks Causing Downtime
• Ranking & Repurchase Scripts
• Founder Bonuses Paid
• GPU Mining Update

Website Attacks Causing Downtime

Over the past several days we have been experiencing large waves of DDOS attacks with combined flood attacks from our remote landing pages. Basically we are seeing tens of thousands of fake leads flooding into the system (per second) so we have been taking the sign up forms offline when needed and making some important upgrades. 

If you signed up any new leads over the past 48 hours and they did not confirm their email or sign up immediately then it's possible they have been deleted from the system.

Several million entries have been deleted so far and it's been difficult to determine real from fake so there are likely many valid accounts being deleted as well. 

This only affects new leads on their initial enrollment and all you need to do is tell your new leads to sign up again if they were deleted. 

We have been mitigating attacks like these for many months but over the last 48 hours the attackers have scaled up 10 fold. For the most part these attacks are completely harmless they are just very annoying and it's been causing the site to be slow and some scripts to die. 

It is also VERY expensive for attackers to continue these attempts so they should stop soon enough.

Ranking & Repurchase Scripts

The one major inconvenience these attacks have caused is they have been interrupting our commission scripts that are used to calculate Rank and also Repurchases. These are now back logged in our system and we hope to catch up soon. 

So, if you have not seen the repurchases or a bump in your rank this is the reason why and this will be updated soon. 

You may see some additional downtime later this week as we implement a custom firewall solution that will detect attacks like this one in the future.

We actually launched this feature today and the website is currently catching about 90% of these fake enrollments now so you probably already noticed the site is running much better.

However, if you do see some downtime its because we are working on this piece and there is nothing to worry about.

Founder Bonuses Paid... 

All Founder 1 and Founder 2 bonus pools have been paid through February and we will be paying March bonus on April 15th. You can now see the total mining numbers updated under the Founders page so you can track our progress. 

We are about to see an additional 60 PH come online with a lot more behind it and this should provide a nice uptick in earnings per mining share across the board with a lot more power coming online shortly after. 

GPU Mining Update... 

We are on track to start paying all new shares on April 15th. Our techs have been working around the clock installing new machines and getting everything ready to go. This was the largest deployment we have done so far and we are very excited to get it hashing in our pools ASAP. 

All shares will be set to mine Ethereum to start and then shortly after you will have the opportunity to switch over to whatever you want. We estimate this will be about 1-2 weeks before we have all the other wallets and pools finalized.

Once these are ready you will see 3 new wallets go live (Dash, Monero, Ethereum Classic) and then you will have full control over your shares in the future.

NOTE: If you purchased a share of Ethereum in the original first batch we offered and your share was mining before the hard fork of Ethereum Classic then your ETC coins will be available for withdrawal in the new ETC wallet. 

We want to thank you for your patience on this because we know many members have been anxious to receive their ETC rewards from when the split happened. 

Our goal is to continue expanding our GPU farms and as of today we own one of the largest super computers in the world when you account for all these GPU's connected together. This is a huge asset and it can be used way beyond the scope of mining in the future.

Thanks for being a BitClub member and please help us pass along this information to all members across the world.

Sincerely,
-BCN Support 
(copy/pasted)

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