Join Our 800,000+ Community

Get Ember

more posts

November 03, 2021

Welcome to Ember Mining Season 2!

Hi Ember Crew,

Thank you to everyone who has participated in the first season of the mining program! The Ember team is proud to announce that the 1 BTC has been fully mined and Mining Season 1 is coming to a close. Users will be able to withdraw their BTC within a few weeks. Due to the community’s support, we’ve decided to continue building out the mining program with new features and rewards!

The mining feature going forward will be broken up into 3-4 month long “Seasons”. Each Season, new features & mining rates will be implemented to incentivize full usage of the Ember platform in accordance with the Bitcoin price and number of active miners. Season 2's rates activate in 2 weeks on November 17th.

⚡ New Boost:

  • Anyone invested in an Ember portfolio will receive a boost of +5 Satoshi / hr. Invested users should see this boost in-app already ;) 

  • Any Bitcoin rewards in the mining page will be automatically lent out on Compound to generate an additional 1-3% APY

💸 Withdrawals:

  • There will no longer be a community 1 BTC requirement for withdrawals 🚀

  • We built a new page called "Boost" so users can track which referrals are actively mining

  • Once the Boost page is launched, users will also be able to withdraw their Bitcoin rewards. All you will need to do is enter a valid BTC wallet address, and Ember will send out any mining rewards you've accrued at that point

  • To optimize mining fees, there is a $5 BTC minimum to withdraw, and Ember will be batching payouts on a two-week basis. Dates for when to expect a payout will be shown on the boost page when it's ready.

  • We expect the boost page and withdrawals to be ready in a couple weeks. We appreciate everyone’s patience!

📊 New Mining Rates:

  • Reflection on Season 1: Since the mining program launched, Bitcoin doubled in price to $60k, and the number of miners has increased significantly

  • For Season 2, the base rate and referral boosts will be halved to 5 Sats/hr

    as a result of the Bitcoin price increase

  • Additional ways to boost (and other rewards…) coming as well!

📱 New Design:

  • The Mining page is getting a new look!

💰 Early Supporters of Ember, thank you!

  • We recommend everyone continue to mine from their original Season 1 Ember accounts ;) 

  • The holidays are coming soon, and we want to properly thank our early supporters! 

This is only the beginning of the mining program. Mine and refer friends at higher rates while you can. Season 2 kicks off in 2 weeks! Let’s continue to build an amazing community!

Cheers to the future, and happy mining!

Please email us if you have any questions. 🙏

Warmly,

Don't miss out on our latest posts

November 21, 2022

October 2022 Recap Newsletter 📈

Welcome to the October 2022 Recap Newsletter! We hope everyone is safe & sound. Despite November being one of the wilder months in a while (given all the news), last month was a strong one for crypto.

November 16, 2022

Now Introducing: Recurring Deposits!

The Ember team is proud to announce the launch of our latest investing feature: Recurring Deposits

November 15, 2022

The Importance of Non-Custodial Investing

With all the news around FTX, we felt it would be helpful to run through what non-custodial wallets are and why they’re important.

Download Ember Fund