Mining Pool #1 -- Each share cost $500 USD that will be used to purchase new equipment and fund the mining operations. Every day the total Bitcoin earned from this mine will be split among all members in the pool and paid out daily. Each share earns 50% profit with 50% used to purchase additional 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 40% used to purchase additional 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 30% used to purchase additional 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 50% would be paid in profit per share (.005 BTC) and 50% (.005 BTC) would be used 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 1,000 days. The reason it was set to 1,000 days is due to the constant increase in calculations and computing power required as the math gets harder and harder to mine more Bitcoin (or other Crypto Currency). Therefore, Bitclub have identified this 1,000 day window as an ideal time frame based on how the market is today.
