BITCLUB NEWS
Updates: ClubCoin Just Launched & Mining Update!
Date: November 5th
ClubCoin Officially Launches TODAY!!
We are so excited about ClubCoin and the potential it brings to all BitClub Network members and we want to thank everyone for being patient as we built and tested this coin over the past 6 months. Please understand this is only Phase 1 of many phases to come that will help create a real market for this coin.
We have mined 80 million ClubCoin and out of this total we are giving away 50 million coins FREE to all BitClub Members. Another 15 million will be used to set up our staking pools and to secure the network, and the remaining 15 million coins were sold and distributed to key staking partners already.
Over the past 6 months we have already given away over 30 million coins out of the 50 million available and this increases daily as our membership grows.
Starting today ALL FOUNDERS can take ownership of your ClubCoin and begin staking to earn more coins.
Here's How This Works...
Anyone can now download the wallet from our official ClubCoin website - www.ClubCoin.co
Right now this is only available for Windows and Linux. Coming soon we will launch Mac and Android versions.
If you click on your ClubCoin balance at the top of the page you will see a new ClubCoin Wallet and if you scroll to the bottom of this page you will see set up instructions on how to download and request your ClubCoin.
Although everyone can download the wallet and install it, only Founders can request a withdrawal. If you are not a Founder you will receive an error when trying to access the withdrawal page. We are going to give all Founders 10 days to stake their coins and get a jump start on earning newly issued coins from the network.
Starting on November 15th the withdrawals will open up to everyone and ClubCoin will be off to the races.
IMPORTANT: Right now are not be able to do much with your ClubCoin. You can download the wallet, request your coin and begin staking it. But there is no way to sell it or transact with it yet.
We are planning a big launch event in Seoul South Korea on December 8th and this is also our target date for going live on multiple exchanges. Once this goes live you will be able to set up an account on these exchanges and sell or buy ClubCoin in the open market. Until then you can only stake and transact by sending to other ClubCoin addresses.
BitClub Network is going to be offering a buy back rate of $0.05 USD per coin that was issued to the network. So if you don't want to hold ClubCoin and you would like to sell it for Bitcoin we will take it starting on December 8th.
Your ClubCoin will be exchanged for $0.05 worth of Bitcoin and not actual USD. We will never deal with any fiat currencies other than to set exchange rates as a guide for conversion. More details about how this will work after December 8th.
NOTE: Please read the instructions provided under your ClubCoin Wallet page. You will need to have some technical knowledge in order to begin staking your coins and we have tried to make the process as easy as possible.
If you are not comfortable with staking on your own then we are going to be launching our staking pools (which work like our Bitcoin mining pools) so that you can keep your ClubCoin in your virtual wallet and use the coins to stake and earn a percentage of the pool. These pools will be available on November 15th at the same time we open the coin up to everyone.
This is so exciting for us and we look forward to watching the network grow over the next 10 days and beyond. If you are Founder this could mean a lot to jump in quickly, just imagine being one of the first people to download the Bitcoin wallet.
This is your chance to jump in early, but please remember just like Bitcoin this is an experiment subject to open market conditions and ClubCoin could be completely worthless or it could take off big. We don't know what will happen, and honestly it's not even up to us... It's up to you and the market place to determine the future of ClubCoin, and it all starts RIGHT NOW!!
A Mining Update...
As you may know from a previous update we have purchased 3 PH and have been waiting for the power to be plugged into our pool. This actually doubles the size of our existing operation and Bitmain (which is the manufacturer of the S7 machines) has been delayed on their shipments due to crazy high demand.
But some good news... We have a shipment of 2 PH right now sitting in customs and if all goes well it should hit our Iceland facility early next week and be fully hashing by the end of the week. As for the 3rd PH shipment we are likely not going to see this until the end of the month.
We are waiting for shipment details from Bitmain and they are backed up to about 4-6 weeks right now on all orders. Luckily, with our relationship we get bumped to the front of the line but this is still 2-3 weeks out.
More good news... At our current growth rate we will need to purchase two additional PH before the end of the year, which will put our total hashing power over 8 PH.
The mining market is going nuts right now...
With the price of Bitcoin going up so fast the mining market is getting a little crazy... Old machines that were not profitable at $250 price range immediately get plugged in and are profitable again at higher prices. The manufacturers experience heavy demand for their equipment and it becomes harder to get machines.
One of the best things we have going for us (unlike most large scale operations) is that we are paying for our mining equipment in Bitcoin so while the USD price of the machines goes up, the amount of Bitcoin we are paying is less. All other mining operations are buying their equipment in USD at the jacked up prices so if the price continues to go up we are in a very favorable position to leverage our buying power and will continue to do so!
Lots of exciting things happening and very soon you are going to see some major upgrades to the Members Area giving you a lot more resources and tools to build your BitClub Network business
Sincerely,
-BCN Support Team.
https://bitclibnetwork.com/free/signup.html
