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Tomorrow starts Ethereum Mining:
NEW Ethereum Mining Pool
We have been working on a secret project for the past few months and we are ready to let you in on it!
If you have not yet heard of Ethereum yet we strongly suggest you check it out because many experts believe it has the potential to be just as big (if not bigger) than Bitcoin itself.
What is Ethereum?
To put it simply Ethereum is the Blockchain of ALL things. Bitcoin is used mainly for financial reasons and in our opinion it will always be the king blockchain!
However, Ethereum is a much broader blockchain that is starting to become very useful and is gaining a lot of momentum. Many applications can be built on top of the Ethereum blockchain (stuff like smart contracts to store agreements, property rights, medical records, and pretty much any other records you want to store using a secure blockchain).
Ethereum runs on a token much like Bitcoin that is called Ether (ETH). This token can also be mined just like Bitcoin and servers to protect and verify the network.
Right now Ethereum has a $600 Million USD market cap and it’s still very early in it’s adoption. In fact, it’s really just for programmers and developers right now and is not intended to be user friendly yet. You must know how to use a command line interface in order to do anything with it, but the tools and user friendliness are coming very soon.
We see a HUGE opportunity right now to mine Ether and much like Bitcoin in the early days of mining, Ether can be mined using GPU’s and is still small enough where anyone can get in the game.
It’s a little bit harder than Bitcoin mining but with our resources, our cheap power options, and of course the biggest asset we have… YOU! We believe we can operate a very large Ethereum mining pool and provide an opportunity for all members get Ether before it really takes off!
How will this Pool work?
First of all this pool will ONLY be open to Founder Members. You must be a Founder in order to purchase a share and we are only offering 1 share per Founder position.
You also must act quickly when this launches because we are only offering 1,000 shares. Each share will be $1,000 USD that can be paid for in Bitcoin or ClubCoin (which will be ready to use in our entire invoicing system this month).
This pool will not require re-purchases like the other pools so you keep 100% of the daily profits paid out per share. There will not be any partial shares and the pool will run for as long as mining Ether is available (no set time limit).
The commissions on purchasing the pool will be paid exactly the same way as Pool 2, where all percentages are the same and everything is paid upline through the binary and level up.
Right now we are currently mining Ether on a small scale and we plan to offer the shares for sale on March 15th with the expectation of the pool starting April 1st. This pool will be LIVE on our main pool website (www.BitClubPool.com).
When you go to the site you will be able to see stats for Bitcoin and Ethereum. You will see mining power and see each block that is mined by our Ethereum pool. At the time of this writing Ether is worth about $8.50 USD and each new block is mined in about 10-15 seconds.
PLEASE NOTE: Just like our Bitcoin mining pools we DO NOT GUARANTEE any returns on this and it’s likely even riskier than Bitcoin mining. The Ethereum project could go under and Ether could be worth $0.00 USD in the next year, or it could be worth $50, $100 or more. We have no idea and will never set any ROI for this, we strongly suggest you understand these risks and do your own research on Ethereum mining before considering to purchase a share.
*If this first round goes well and we see good results from the pool we may open it up for another 1,000 shares or more, but the earliest we would consider doing this would be May so if you are interested make sure you pay attention to these next few updates and be ready to purchase on March 15th!
**Also, If you are a Master Builder you do not need to purchase a share of this pool because we are going to give you one share FREE! This goes for anyone who is at the rank of Master Builder or higher by March 15th.
We have a lot more details coming soon on this but just wanted to give you a heads up about it so you had time to check out Ethereum before it goes live
Oh and if you have a Bittrex account already set up just go under the Wallets tab and do a search for ETH symbol. You will see a + sign where you can generate an ETH address and this is what you will use to be paid on. You will earn Ether directly as we mine it, we will not convert it to Bitcoin.