Ethereum Mining Pool
Over the past month we have been mining Ethereum with great success so we decided to open up this pool to all members and offer an additional 2,000 shares. You can view our existing pool on the Etherchain website (which is the blockchain for the Ethereum network)
BitClubPool - https://etherchain.org/account/bitclubpool#blocks
When you purchase a share you will begin receiving daily Ether payments within 24 hours of your purchase. At this time we are only offering one share per member but may open it up to allow members to secure additional shares in the future.
Each share will cost $1,000 USD (paid in either Bitcoin or ClubCoin).
This pool will not offer any re-purchases like our Bitcoin mining pools so each share will keep 100% of the daily Ether profits mined per share.
How is the Pool Payout?
All mining profits are paid out on ACTUAL mining and run daily. All payments will be made using the Ether token and you must sign up for an Ether Wallet in order to withdrawal your earnings from your BitClub wallet. This works the same way as Bitcoin and ClubCoin.
How long will this Pool last?
The pool will continue to mine Ether for as long as the market will allow it. But just as a warning at some point Ethereum mining will move over to a different method of mining called Proof-of-Stake method and from this point the POW mining we are doing with GPU's will end.
What am I purchasing for $1,000?
You are actually purchasing real mining hardware. This is not cloud mining or renting hash power, or virtual mining you are purchasing actual GPU mining rigs that will be used to mine Ether and you will own these mining machines outright! In fact, if you would like to request your machines at any point we can ship them to you!
We also have some ideas on what to do with these machines in the future after Ethereum mining moves to Proof-of-Stake and we will let you know what your options are.
How are commissions paid?
Commissions on each share of this pool are paid exactly the same way as Pool 2 in the Bitcoin pool. You will receive 6 credits in the binary and the same level up percentages apply to Bitcoin Pool #2. If you are not familiar with how this works please see our compensation plan here before purchasing a share.