At BitClub Network, we are helping to educate, provide services for, secure, protect, and ultimately profit from the cryptocurrency market. Our goal is to provide many opportunities for our members to take part in. One of the main ways to earn Bitcoin is through our mining pools.
It works like this… You can purchase a share in three different mining pools and all Bitcoin mined from each pool will be paid and shared with all members who are eligible for the pool. You pay either $500, $1,000, or $2,000 worth of Bitcoin for a share of the mining pool. With your purchase, you will receive Bitcoin for 1000 days! A percentage of all Bitcoin mined and paid to you will be used to pay for mining costs and to purchase new mining equipment.
3 Different Mining Pools
Mining Pool #1 — — Each share cost $500 USD that will be used to purchase new Bitcoin mining servers. All Bitcoin earned will be split among all members of this pool and paid out daily. Each share earns 50% profit with the other 50% being used to fund the mining operation and to purchase additional mining shares.
Mining Pool #2 — Each share cost $1,000 USD and just like Pool #1 the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 60% profit with the other 40% being used to fund the mining operation and to purchase additional mining shares.
Mining Pool #3 — Each share cost $2,000 USD and the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 70% profit with the other 30% being used to fund the mining operation and to purchase additional mining shares.
Example: Using Mine #1, if the total Bitcoin mined for the day = 1 BTC and there are 100 shares outstanding then each share would earn .01 BTC. From this total 50% of it would be paid directly to member as profit (.005 BTC) and the other 50% (.005 BTC) would be used to fund the mining operation costs and to purchase additional shares.
So if the value of 1 Bitcoin = $500 USD and you have 1 share then you would earn $5 USD (.01 BTC) of which $2.50 is paid to you and $2.50 is used to purchase an additional share on your behalf. In this case you would purchase an additional .005 shares with your $2.50 and you would have a total of 1.005 shares going into the next day that you are now earning on.
IMPORTANT: Each full share purchased will last for 1000 days. The reason we set this to 1000 days is due to to the constant increase in calculations and computing power required as the math gets harder and harder to mine Bitcoin (or other Crypto Currency).
Therefore, we have identified this 1000 day window as an ideal time frame based on how the market is today and this maybe subject to change on future partial shares repurchases.
When you purchase a share of any pool your 1000 day mining contract will not start for 30 days. You will see a total of 1030 days until the shares expire, after the 30 days countdown you will begin earning daily and accumulating partial shares. We have built in this 30 days buffer to account for setting up the mining equipment. This also applies to partial shares.
*Re-purchases: The minimum re-purchase amount to buy a partial share is 0.5% of the full share price in each pool. Each day you will see a portion of the mining earnings paid to your wallet and another portion will be set aside to repurchase additional shares. You will see the balance grow under “unused” repurchases until it reaches the .5% of the total, at this point a new partial share will be automatically purchased and you can track all partial share re-purchases in the tables above or on the Order History page.
For 100% Re-purchases: If you set the pools to push back 100% of your earnings into re-purchases you will earn partial shares faster. Please note that when you have any pool set to 100% you will not see any entries on the daily mining payouts because you are earning back 0%.
Bitclub Network is steadily listed in the top10 Bitcoin Mining operation in the world :
Real Passive Income : Earn BitCoin For The Next 1000 Days !
