Changes Made To Bitcoin Private's Voluntary Miner Contribution Program ! and Wow!...And What Opportunity For Miners!

in #cryptocurrency7 years ago (edited)

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As if the previous deal of getting 1.25 for every ZCL mined wasn't sweet enough. They came up with a new offer and it is even sweeter. I actually don't know why I'm blogging about it when it is in miners best interest to keep this a secret. Here is the new incentive Bitcoin Private is offering donators direct from their Reddit page:

They are "now having an auction system whereby 62,500 BTCP will be awarded in total to all miners in the program no matter how much ZCL is mined up to 50,000 ZCL total. In this way we allow miners to arrive at a fair market value for their contributions, while continuing to enable their support of BTCP.

Essentially, if you end up mining 1% of the total ZCL contributed, you would get 625 BTCP, no matter how much ZCL the entire pool donated. If you mined 10%, you would get 6250 BTCP, and so on.

So how can I calculate how much BTCP I have earned? Use this simple equation:

BTCP Earned = ZCL you mined for Fund x 62,500/(Total ZCL donated by pool)"

Thats it folks. Try and keep it on the down low. We need them not to mine the full 50K for this to be beneficial!

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