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Title: End of an Era Post by: Jeremias on October 31, 2014, 07:29:28 PM Btcguild planning to shut down by January 31, 2015.
https://bitcointalk.org/index.php?topic=49417.msg9395478#msg9395478 http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/ Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly. Title: Re: End of an Era Post by: Slark on November 01, 2014, 02:31:07 AM Nothing lasts forever. We just need to adjust in the best possible way to the new opportunities. But I would like thank US government - great job with all those online regulations. We need more laws and taxes after all.
Title: Re: End of an Era Post by: mm5aes on November 01, 2014, 01:47:20 PM Sorry to see them go. Who'd have though anonymity would become an issue on the internet...
Title: Re: End of an Era Post by: LiberyOrDeath on November 01, 2014, 01:51:52 PM That's the way things are. Everything is impermanent. We just go round and round.
Title: Re: End of an Era Post by: PenAndPaper on November 01, 2014, 01:56:58 PM What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly. Pools are about centralizing mining power anyway... Even descent and honest pools like BTCguild... Fortunately there is p2pool and it's up to the individual miners to decide if they want to use it or not... Title: Re: End of an Era Post by: _Miracle on November 02, 2014, 01:51:07 AM Thank you for the article link
Title: Re: End of an Era Post by: guitarplinker on November 02, 2014, 03:53:06 AM I've heard that chances are it won't close. Sounds like there are a few people interested in purchasing it. Otherwise it would sure be disappointing to see BTC Guild go. :(
Title: Re: End of an Era Post by: FattyMcButterpants on November 02, 2014, 09:04:40 AM I've heard that chances are it won't close. Sounds like there are a few people interested in purchasing it. Otherwise it would sure be disappointing to see BTC Guild go. :( The owner of BTCguild has said that he is in talks to have the pool sold and for him to stick around to help with the pool for a number of years. If the talks end up falling through he is going to restart the process of closing the pool and will not consider selling itTitle: Re: End of an Era Post by: arbitrage001 on November 03, 2014, 08:23:06 AM Should have sold it when times were good. A little curious on why anyone want to buy the pool at times like this.
Title: Re: End of an Era Post by: Kprawn on November 03, 2014, 08:37:32 AM Well, they might be seeing something, we are missing. ;)
These guys make long term predictions, based on stats they have now, and if projections look bad and margins thin, it might be better to climb out, whilst everything are on the up and up. Title: Re: End of an Era Post by: eleuthria on November 03, 2014, 08:43:47 AM I've heard that chances are it won't close. Sounds like there are a few people interested in purchasing it. Otherwise it would sure be disappointing to see BTC Guild go. :( The owner of BTCguild has said that he is in talks to have the pool sold and for him to stick around to help with the pool for a number of years. If the talks end up falling through he is going to restart the process of closing the pool and will not consider selling itPlans changed after a long weekend of discussions with both potential buyers, long time users, and even other pool owners. The pool is no longer closing, it is not being outright sold. What is being considered is moving the pool out of the country, and possibly taking on an overseas partner in order to help the pool survive whatever regulation is applied in the US. At the very least it will open more opportunities on that front. Other changes are being made internally to lower the funds-at-risk in the event of a successful compromise. Title: Re: End of an Era Post by: mm5aes on November 03, 2014, 08:51:11 AM Good news....
Title: Re: End of an Era Post by: Gator-hex on November 06, 2014, 02:30:39 PM Quote 3) Users will have until 11:59 PM (PST) on January 31, 2015 to withdraw any remaining balances on their account. Why should you have to login to withdraw, just settle what's owed, by send it to the registered BTC address on account before you close! Quote Your IP has been banned for too many failed login attempts or registration attempts. I'm having trouble logging in, LOL, praying to the BTC support gods now! Shouldn't be much in there, I pay myself daily to avoid such issues! ::) Title: Re: End of an Era Post by: coiners99 on November 06, 2014, 03:16:12 PM it makes some effect for bitcoin prices or not if 1 of the big pool closed?
Title: Re: End of an Era Post by: -ck on November 06, 2014, 11:47:53 PM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.Title: Re: End of an Era Post by: JLynn171 on November 08, 2014, 11:50:47 AM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.I always thought the price of bitcoin wass like any other product that is on the market, supply and demand... since so many new coins are introduced into the market each day there has to be someone out there willing to buy those coins at a given value, if they are not being sold the price drops if people are wanting more than what is out there the price rises (or atleast that is the way i assumed it worked) Title: Re: End of an Era Post by: -ck on November 08, 2014, 01:29:26 PM The rate coins are produced varies very little. That's the whole point of diff adjusting in response to the amount of mining.
Title: Re: End of an Era Post by: VulgusMan on November 10, 2014, 09:16:19 AM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.sure,.... just check the difficulty graph when the btc price is rising!!! Title: Re: End of an Era Post by: zetaray on November 10, 2014, 10:09:00 AM BTC Guild is not closing anymore. OP can lock this topic. Even if it were to close, it is not the end of an era, it's just miners' preference on pools.
Title: Re: End of an Era Post by: Seketsuna on November 11, 2014, 01:47:44 PM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.yup, if the bitcoins drops again most miners would be forced to close Title: Re: End of an Era Post by: carm on November 12, 2014, 06:22:08 AM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.This has been stuck with me for a few days. Is it due to the volatility, arbitrage market, that miners see an affect from fluctuations? Title: Re: End of an Era Post by: VulgusMan on November 12, 2014, 06:05:39 PM i do not understand...
btcguild close or not??? hope someone can clarify Title: Re: End of an Era Post by: alh on November 12, 2014, 11:37:53 PM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.This has been stuck with me for a few days. Is it due to the volatility, arbitrage market, that miners see an affect from fluctuations? Large scale miners are affected because most of their inputs to mining (e.g. electricity, rent, cooling, staff, hardware) are priced in USD (in the USA). That means when it comes time to pay the electric bill, or staff wages, or rent, they may need to sell some BTC to do so. They may find they have less, or possibly no, BTC left over. Small scale home miners don't have the same constraints, but they may also decide not to subsidize their mining "hobby" forever. Title: Re: End of an Era Post by: picolo on November 14, 2014, 08:37:52 PM it makes some effect for bitcoin prices or not if 1 of the big pool closed? No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining.yup, if the bitcoins drops again most miners would be forced to close Some have huge margins so it would just mean they are not making much money out of their investment or suffering a small loss but most will keep mining hoping for a higher price in the future. If the price stays relatively low mining farms will slow down investments and not replace hardware; there will be less new farms and they will be smaller Title: Re: End of an Era Post by: Jeremias on November 16, 2014, 04:51:39 AM btcguild is not closing down, it is official, as per the announcement on their website.
Title: Re: End of an Era Post by: VulgusMan on November 16, 2014, 03:46:11 PM btcguild is not closing down, it is official, as per the announcement on their website. thanks jeremy! Title: Re: End of an Era Post by: elliwilli on November 16, 2014, 03:54:16 PM Damn, i dont mine BTC anymore but i used to mine on that pool. shame to see them go realy...
Title: Re: End of an Era Post by: picolo on November 16, 2014, 06:51:24 PM Btcguild planning to shut down by January 31, 2015. https://bitcointalk.org/index.php?topic=49417.msg9395478#msg9395478 http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/ Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly. It is the end of an area in the Bitcoin mining landscape but it is comforting to know you are leaving ahead and paying everyone https://bitcointalk.org/index.php?topic=49417.msg9395478#msg9395478 Title: Re: End of an Era Post by: -ck on November 16, 2014, 09:29:13 PM Please stop the confusion, it's been stated multiple times that for the time being, Eleuthria is NOT closing btcguild.
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