Why are my mining pool earnings decreasing?

Why are my mining pool income reducing? 

Right now, the mining problem is growing lots quicker than the fee of bitcoin, and when btc is low it means the profits earned according to block are decrease as properly. Usually, periods of decrease profit cause fewer lively miners which allows the issue to naturally drop back off. However, what we've definitely seen given that the beginning of the 12 months is a nonstop upward push in difficulty notwithstanding the lower profits. We're now at a issue degree of over 7 trillion​. 

To place that in attitude, the issue on January 1st 2019 became 1. 9 trillion​. Because of this it takes extra than six instances​ the amount of hashing electricity these days to earn the equal quantity in comparison to simply 1 year in the past. 

The bottom line is if bitcoin does not extensively upward thrust in value many mining operations will quickly be pressured to close down and while this occurs we will see the problem drop. Thankfully we've got a massive benefit being inside the area for four years and we will continue to perform with that long-term plan in thoughts. 

Our intention isn't to make brief income in the brief term, our purpose is to stand the take a look at of time and collect as a whole lot new bitcoin as we can on behalf of all contributors. Wherein is my deposit? 

Probably the deposit has already been introduced to your wallet, but it can occasionally be hard to see seeing that there will not be an entry on your wallet transaction records. Luckily, it is pretty clean to check that your pockets stability is fully updated:

 Now you may want to compare the 'detected deposit' price shown on bcn to the 'total acquired' price proven at the block explorer. 

If those two values healthy, then you can relaxation assured that every one of your deposits were added and your wallet stability is fully updated. If there may be a discrepancy between 'detected deposits' and 'total received' please open a ticket so that our help team can investigate further. 

In which are my commissions? On the way to be eligible for commissions you should already own the equal product that your downline person has purchased. In case your downline purchases a product that you do now not already personal, the fee will be held till you purchase that same product. 

As an example: if you handiest have a mining pool percentage purchased in mining pool #1, and your enrollment purchases a mining pool share in mining pool #1, #2, and #3, then you definitely would receive commissions to your credit wallet for mining pool #1 simplest. 

Because, you do now not own a full percentage in mining pool #2 or #three, then the commissions are not misplaced, but held! If you have held commissions then the amount of coin is collecting there till one of the following takes place:

the quantity amassed in the held commissions phase exceeds the quantity of the percentage price in that pool. 

If surpassed, the quantity will be used to buy a share in that mining pool. A full proportion purchase is made inside the mining pool that has held commissions. 

Once the acquisition is showed and introduced to the account, the held commissions will launch to the credit score pockets. Some other purpose you could not be seeing commissions will be due to the position of a member to your downline. 

A few positions do no longer pay in your account, so make certain you realize by searching at the reimbursement plan here:

How bitclub network works. 

Bitcoin and other crypto currencies like ethereum and zcash are digital currencies that can be traded immediately between people without the use of the traditional banking device. They are tied to rising blockchain generation, and many people believe crypto currencies will update the conventional financial system within the near future. But you could’t get crypto currencies at the financial institution. As a substitute you have to shop for them on an alternate or “mine” them your self. Bitclub community makes crypto mining simple. To mine bitcoin, you need the modern mining hardware, unique software program, and get right of entry to to a public mining pool. Then, after you get started out, you’ll need to upgrade your gadget to stay competitive. It’s not easy to get commenced or live up to date.

That’s where bitclub network comes in. 

You can buy into pools for $500, $1,000 or $2,000. Or you may purchase into all three straight away. Every settlement lasts for 1,000 days, at some stage in which you’ll get hold of your share of the currency we mine. 

Our mining pool has been in operation due to the fact 2014. In view that then we’ve deployed 500 petahash (514. 84 ph/s) and we’ve mined greater than 70,000 coins—which places us inside the pinnacle 10 crypto foreign money mining operations in the world. And as greater humans like you be a part of the community, we put money into even greater resources, servers, and high-cease mining software program to scale up operations to maintain to deliver consequences. Each day’s result is paid out each day. No on-going fees and
around-the-clock help.

Once you join bitclub network, you’re in for 1,000 days. There are no additional costs to help mining or to upgrade system. You can choose how many of your mining proceeds can be used to buy extra shares of the pool and what kind of might be paid out every day. If you ever have a query about the overall performance of your pools, payouts, or anything else, we’re right here to help. A pinnacle 10 mining operation—and developing. Unlike some crypto foreign money miners, bitclub network values transparency. We share what we’re doing and what we’ve achieved publicly so that you can verify it. As one expert has stated, “the blockchain doesn’t lie.”

way to our size, bitclub community advantages from economies of scale which allows us to negotiate better expenses on mining equipment to lessen overhead, then we bypass those efficiencies directly to our contributors. What bitclub community has finished
over 70,000 bitcoins mined—and developing
over 500 petahash deployed (514. Eighty four ph/s)
mining operations on 5 continents
continuously ranked in the international’s pinnacle 10 mining operations
correctly mined bitcoin for more than four years.

Bch, xmr, and so on, and zec conversion options

In case you preserve a stability in any of the following bitcoin cash (bch), monero (xmr), ethereum conventional (and so forth), or zcash (zec) you'll need to transform your tokens into both btc or eth. Due to the consistent changes and renovation required to manage those blockchains we are now not assisting all of the cash. Also, given that we're not mining whatever however btc and eth transferring ahead we are able to most effective be supporting withdrawals for these two cash

what to do? 

For bch... Bitcoin cash continues to offer us problems and we've got spent manner too many hours solving our script and bugs associated with withdrawals. So for all bch tokens in your wallet you will want to transform them to btc. You may see a easy button on the bch wallet web page to convert into btc.

For xmr... Monero has usually been challenging due to constant enhancements on their chain and the ability to track and make mass payments isn't a simple cron. So all xmr tokens will want to be converted on the market charge whenever you chose to achieve this. You will see a easy button at the xmr wallet page to convert into btc.

For zec... Zcash is with the aid of far the most hard tokens to maintain up with. Automating these bills is nearly not possible due to the privateness centric blockchain. We had very excessive hopes for the zsnarks and 0 evidence technology while it released, but the builders need to make it much simpler to apply or nobody will see fee in this chain.

You could convert your zec into btc with one click underneath the zec wallet web page. For and so forth... This coin just forked lately and for the reason that many participants preserve small balances of and so forth we're going to require every person to transform to ethereum (eth). You'll see the equal button to transform this at your discretion under your and so forth pockets page. So that you can recap... All bch, xmr, and zec will need to be converted to btc. Then etc will want to be transformed to eth.

you ought to convert all tokens right away, you'll have manage over while you try this however you should convert your entire balance. As soon as you have got transformed the tokens to btc or eth then you can without problems withdrawal. If you do no longer convert those tokens with the aid of the quit of the year then they'll mechanically be transformed for you. 2018 earnings reviews posted

we have published the 2018 profits reviews in your lower back office below the drop down menu my crew >> profits report

you will want to click "request report" so that it will pull the records from the database and be available so that it will down load in pdf format. Those reports have been adjusted for the recent fee fixes and are now displaying as it should be.

BitClub Network Compensation Plan

Bitclub community is building considered one of the most important mining swimming pools in the world and every body who joins can get a bit of all of the virtual tokens being mined daily. Not most effective will we come up with mining earnings however we have a reducing aspect referral based repayment plan that may be very worthwhile. The whole idea of "mining" is difficult for the majority to comprehend as it's essentially a gadget that prints money.

#1 Binary Team Cycle Bonus

When you sign up for $99 worth of Bitcoin you will receive a position in the binary tree structure. This position will not be activated until you purchase a minimum of 1 share in any of our mining pools.

You can begin enrolling new members once you are activated and everyone you introduce to BitClub Network will either be placed on your LEFT TEAM or RIGHT TEAM.

To qualify all you need to do is place one personally sponsored person on your left and one on your right and you are eligible for binary commissions.

• For every $500 full share sold in your binary tree you will receive 3 Credits
• For every $1,000 full share sold you will receive 6 Credits
• For every $2,000 full share sold you will receive 12 Credits
• For every $5,000 GPU share you will receive 30 Credits

15 Credits Left + 15 Credits Right = 1 CYCLE = $200 (worth of Bitcoin)

#2 Binary Matching Bonus

We have a 10 Level Binary Match that pays an extra $100 USD worth of Bitcoin for each $200 binary cycle for a maximum of 10 levels of your enrollment tree.

No qualification needed for Level 1 and Level 2 because all members automatically begin at the rank of Miner.

For all other levels you must qualify by attaining the required rank listed in the table above.

We use dynamic compression when looking for the next rank in the upline sponsorship tree. This means if your sponsor does not qualify for the level it will look upline to their sponsor and so on until it finds up to 10 people to pay the matching bonuses to.

How Do I Get Paid?

Those specialized mining machines plug into the wall and they begin producing bitcoin or other digital belongings. Those cash can then be exchanged for cash or you could maintain them and spend them directly. How do i am getting paid? We have 3 bitcoin mining swimming pools and a gpu mining pool that you may participate in.

When you buy a proportion of these mining swimming pools you are actually shopping a contract for 1,000 days of bitcoin mining or 1,000 days of gpu mining. For each proportion purchased you may obtain a day by day payouts of something is being mined within the pool you purchased.

Those commissions are paid in your bitclub wallet and every pool has their personal requirements to apply a positive percent of your income for enlargement, renovation, strength, cooling, and different fees. The cause our pay plan is so interesting is due to the fact you're paid commissions on every person that you proportion this possibility with. Each time they earn bitcoin from a share of the mining pool you may also earn a percent primarily based on in which they fall in your degree up shape.