[CLOSING DOWN] ScryptGuild Auto-Switching Pool

[reactor]

my SMC balance is also gone
and don't see it in the converted

It has disappeared from the web site, but my SMC balance still appears in M's Pool Monitor, which suggests that it still being fed to the API.

SMC was disabled due to a hardfork that was poorly implemented/announced.  It's not removed from the site entirely (yet), I'm looking at possible ways to revert out the huge number of orphaned blocks mined on the wrong fork.  You'll notice we haven't touched it in almost 3 days now.

As for the roadmap for the site, expect more news after April 15th.  The last week has been nothing but traveling and meeting with accountants and lawyers to make sure everything is being properly taken care of on tax & legal fronts.  ScryptGuild is something I moved forward on which was in a significantly more grey area due to the auto conversion aspects.

How about LEAF?  That appears to have disappeared as well.  Or more specifically I should have approx 10k LEAF but it wasn't withdrawn, don't see exchange, etc.

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[BitcoinTraders]

Can anyone help me?

I running cgminer 4.2.2 but it's only finding work and draw 0.00MH/s speed...

I'm looking forward to your answers!

Thanks

[dhsc19]

Can anyone help me?

I running cgminer 4.2.2 but it's only finding work and draw 0.00MH/s speed...

I'm looking forward to your answers!

Thanks

I don't think cgminer past version 3.7.2 supports scrypt.

[BitcoinTraders]

Can anyone help me?

I running cgminer 4.2.2 but it's only finding work and draw 0.00MH/s speed...

I'm looking forward to your answers!

Thanks

I don't think cgminer past version 3.7.2 supports scrypt.

So i should use a cgminer with version of 3.7.2 or less?

[BitMinerN8]

Can anyone help me?

I running cgminer 4.2.2 but it's only finding work and draw 0.00MH/s speed...

I'm looking forward to your answers!

Thanks

I don't think cgminer past version 3.7.2 supports scrypt.

So i should use a cgminer with version of 3.7.2 or less?

If using it to mine with GPUs/Scrypt ASICs and need the --scrypt command line option for use on a pool like this, yes.

[Kenta]

Can anyone help me?

I running cgminer 4.2.2 but it's only finding work and draw 0.00MH/s speed...

I'm looking forward to your answers!

Thanks

I don't think cgminer past version 3.7.2 supports scrypt.

So i should use a cgminer with version of 3.7.2 or less?

Could try with sgminer 4.1.0? It has better/working multi-threads support and might give you a few more 10's of kH/s

[BitcoinTraders]

Thanks for fast replies!
I hope it will help me!

[dhsc19]

Hello,

My latest stats in BTC/MH/day, first is oldest:

0.00492
0.00490
0.00512
0.00406
0.00446

For comparison (from poolpicker) highest BTC/MH/day among Middlecoin, CleverMining, WafflePool, HashCows, Coinshift, WeMineALL, CoinFu, and Multipool:

4/7/2014
Best: CoinFu 0.00455, Worst: Middlecoin 0.00265

4/8/2014
Best: HashCows: 0.0061, Middlecoin 0.00307

4/9/2014
Best: Middlecoin 0.00595, Worst: CoinFu 0.00337

4/10/2014
Best: HashCows 0.00529, Worst: Multipool: 0.00306

4/11/2014
Best: CoinFu 0.0058, Worst: Middlecoin 0.00355

4/12/2014
Best: Coinshift 0.0045, Worst: Middlecoin 0.00166

It is interesting to note that HashCows has been riding at just below 2000MH/s pool average for those days, while ScryptGuild is usually just above 3000MH/s.  Also, HashCows still uses the old one coin at a time technique, but still manages to beat ScryptGuild?

To my knowledge Coinshift and WeMineALL do the same/similar "distributed" hashrate thing done here.  I've opted not to autotrade my coins here, rather to auto-cashout to Cryptsy and autosell at 2nd highest sell bid.  Some coins swing higher than the immediate trade value within 24 hours, some take days, others sit there for a very, very long time.  But when the the values go up the payoff is bigger.  That's just the nature of the exchange market. Some people want a quick payout.  I'm willing to wait longer if it means a better payout.

[eleuthria]

After going over the options and looking at the effective profitability, I've finally come to a conclusion on the future of ScryptGuild.  As it currently exists, ScryptGuild will still be around for likely 1-2 more months.  Over that time period, I'm going to be working on BTC Guild and adding in Scrypt mining directly to BTC Guild instead of running them as two separate sites.

However, this eventual merger will NOT be a multicoin switching pool like ScryptGuild.  The sheer number of crappy coins out there, with hardforks every other week for one of them, and extremely slim (if any) profit margins over just straight LTC/DOGE mining is not worth it, and it's only getting worse as time goes on.


Once merged, BTC Guild's scrypt mining platform will only include DOGE and LTC.  Profit switching will be available between the two, but there will not be an auto-convert feature.  The one benefit to merging it directly into BTC Guild is significantly more awareness of the existence of a BTC Guild based scrypt pool.  I would expect the total scrypt hash rate to probably end up higher on BTC Guild than ScryptGuild has achieved, making LTC more reasonable to mine.

ScryptGuild was a project I put off for over a year, and unfortunately by the time I acted on it (mostly for a personal pet project), the profitability in multicoin switching was already sliding down drastically.  At this point it is not worth the time it would require to keep up with every shitcoin that launches/becomes profitable.  There are much better options for where to focus my efforts than a dying niche.



With all that said, I will say again:  ScryptGuild itself will still be around for at least 1-2 more months, with all features continuing to function normally.  Once I have the interface rigged up for BTC Guild to support the altcoins I will post additional news about the timeframe for ScryptGuild's closing.

[ManeBjorn]

That is good to know.
I am glad you evaluated it so closely.
Are you going to just stick to those two or will a couple more be added in the future if they are viable coins and not crap coins?
Great work by the way.
 

After going over the options and looking at the effective profitability, I've finally come to a conclusion on the future of ScryptGuild.  As it currently exists, ScryptGuild will still be around for likely 1-2 more months.  Over that time period, I'm going to be working on BTC Guild and adding in Scrypt mining directly to BTC Guild instead of running them as two separate sites.

However, this eventual merger will NOT be a multicoin switching pool like ScryptGuild.  The sheer number of crappy coins out there, with hardforks every other week for one of them, and extremely slim (if any) profit margins over just straight LTC/DOGE mining is not worth it, and it's only getting worse as time goes on.


Once merged, BTC Guild's scrypt mining platform will only include DOGE and LTC.  Profit switching will be available between the two, but there will not be an auto-convert feature.  The one benefit to merging it directly into BTC Guild is significantly more awareness of the existence of a BTC Guild based scrypt pool.  I would expect the total scrypt hash rate to probably end up higher on BTC Guild than ScryptGuild has achieved, making LTC more reasonable to mine.

ScryptGuild was a project I put off for over a year, and unfortunately by the time I acted on it (mostly for a personal pet project), the profitability in multicoin switching was already sliding down drastically.  At this point it is not worth the time it would require to keep up with every shitcoin that launches/becomes profitable.  There are much better options for where to focus my efforts than a dying niche.



With all that said, I will say again:  ScryptGuild itself will still be around for at least 1-2 more months, with all features continuing to function normally.  Once I have the interface rigged up for BTC Guild to support the altcoins I will post additional news about the timeframe for ScryptGuild's closing.

[organofcorti]

........

Once merged, BTC Guild's scrypt mining platform will only include DOGE and LTC.  Profit switching will be available between the two, but there will not be an auto-convert feature.  The one benefit to merging it directly into BTC Guild is significantly more awareness of the existence of a BTC Guild based scrypt pool.  I would expect the total scrypt hash rate to probably end up higher on BTC Guild than ScryptGuild has achieved, making LTC more reasonable to mine.

........

I do hope you change your mind about removing the autoconvert feature. I understand not wanting to waste your time on new pumpndumpers, but I think an ltc -> btc and btc -> ltc autoconvert feature would be useful in keeping some of your Scryptguild miners. I for one don't wish to sully my own laptop by visiting Cryptsy myself, and would rather you undertake this annoying and distasteful job for me

Edit: Plus if some people want to autoconvert some of their btc to ltc or doge, you might not need to use an external exchange much at all.

[eleuthria]

That is good to know.
I am glad you evaluated it so closely.
Are you going to just stick to those two or will a couple more be added in the future if they are viable coins and not crap coins?
Great work by the way.
 

I may add other scrypt coins if some appear that have: A) Been around for a while   B) Have a strong community effect   and C) Are worth mining.

So far the only two coins that fit that for scrypt are LTC and DOGE (and DOGE only because I feel the community around it won't disappear).

I do hope you change your mind about removing the autoconvert feature. I understand not wanting to waste your time on new pumpndumpers, but I think an ltc -> btc and btc -> ltc autoconvert feature would be useful in keeping some of your Scryptguild miners. I for one don't wish to sully my own laptop by visiting Cryptsy myself, and would rather you undertake this annoying and distasteful job for me

Edit: Plus if some people want to autoconvert some of their btc to ltc or doge, you might not need to use an external exchange much at all.

It may get added in after the integration, but at this time it's not on the road map.  It's a very grey area, and I've recently been debating removing it from ScryptGuild.  Since I've made the decision to merge the pools together, getting rid of the autoconvert seems to be the best move during that integration.

[organofcorti]

I do hope you change your mind about removing the autoconvert feature. I understand not wanting to waste your time on new pumpndumpers, but I think an ltc -> btc and btc -> ltc autoconvert feature would be useful in keeping some of your Scryptguild miners. I for one don't wish to sully my own laptop by visiting Cryptsy myself, and would rather you undertake this annoying and distasteful job for me

Edit: Plus if some people want to autoconvert some of their btc to ltc or doge, you might not need to use an external exchange much at all.

It may get added in after the integration, but at this time it's not on the road map.  It's a very grey area, and I've recently been debating removing it from ScryptGuild.  Since I've made the decision to merge the pools together, getting rid of the autoconvert seems to be the best move during that integration.

Ah, this has something to do with the recent changes to US tax law?

[eleuthria]

I do hope you change your mind about removing the autoconvert feature. I understand not wanting to waste your time on new pumpndumpers, but I think an ltc -> btc and btc -> ltc autoconvert feature would be useful in keeping some of your Scryptguild miners. I for one don't wish to sully my own laptop by visiting Cryptsy myself, and would rather you undertake this annoying and distasteful job for me

Edit: Plus if some people want to autoconvert some of their btc to ltc or doge, you might not need to use an external exchange much at all.

It may get added in after the integration, but at this time it's not on the road map.  It's a very grey area, and I've recently been debating removing it from ScryptGuild.  Since I've made the decision to merge the pools together, getting rid of the autoconvert seems to be the best move during that integration.

Ah, this has something to do with the recent changes to US tax law?

There have been no changes to US tax law, there has simply been an official interpretation of existing laws.  The currently published interpretations don't address virtual currency conversion.  But the problem is if they later interpret another law as being applicable to virtual currencies, it's retroactive since there was no CHANGE in the law.  The bright side is generally penalties can be fought in a retroactive applications.

This is the primary reason BTC Guild removed PPS & orphaned block payments.  Those two activities were grey areas, since the pool was providing miners with payments that weren't reflective of what the miners (in aggregate) were producing.  In those cases, you can say the pool paid miners, whereas for normal mining, the pool is not paying miners, simply providing the service of allocating/distributing their aggregate production.

[STT]

I always found the PPS useful on guild back in the day   Wasnt cheap though and its typical that gov would interfere with a reasonable service.

Im not sure if low profits on switching coins is permanent.  I guess asic will have an influence but there is many protocols.   I can understand simplicity and clarity is easiest on both issues though

[eleuthria]

I always found the PPS useful on guild back in the day   Wasnt cheap though and its typical that gov would interfere with a reasonable service.

Im not sure if low profits on switching coins is permanent.  I guess asic will have an influence but there is many protocols.   I can understand simplicity and clarity is easiest on both issues though

Low profits on switching coins will be permanent unless all multi-coin pools die.  The pump & dump phase where every crappy scrypt coin had it's moment in the spotlight is over.  Scrypt-N is semi resistant to multipools until they develop an extension to stratum which lets the server embed the particular brand of scrypt-n into the work packets and a miner supports it.  It would be trivial to implement and once one pool does it the others will follow (the only thing stopping it is the lack of mining software that supports the ability to change algorithms via stratum command).

[reactor]

I always found the PPS useful on guild back in the day   Wasnt cheap though and its typical that gov would interfere with a reasonable service.

Im not sure if low profits on switching coins is permanent.  I guess asic will have an influence but there is many protocols.   I can understand simplicity and clarity is easiest on both issues though

Low profits on switching coins will be permanent unless all multi-coin pools die.  The pump & dump phase where every crappy scrypt coin had it's moment in the spotlight is over.  Scrypt-N is semi resistant to multipools until they develop an extension to stratum which lets the server embed the particular brand of scrypt-n into the work packets and a miner supports it.  It would be trivial to implement and once one pool does it the others will follow (the only thing stopping it is the lack of mining software that supports the ability to change algorithms via stratum command).

I still want my LEAF.

Just kidding, thanks for the informative update.  The crypto world is definitely suffering from the tsunami effect from all the alts that popped up and thankfully most of the more idiotic ones are dying off + people aren't riding the pump and dump train anymore.  Also very interested in seeing how the IRS wants to apply the 'property' decision, all interpretations I've read say it will provide a traditional FIFO treatment for holdings, which is 100% opposite of how BTC/crypto works since you can trace outputs, so 1BTC I get today is actually very different than 1BTC that I got in 2011.  They're gonna make us all tax evaders for being logical.

For people worried about losing the switching, BTCChina is relatively easy to sign up for and requires very little verification to be able to trade BTC/LTC/CNY.  BTC-e is also a good option.  Don't know a good alternative to Cryptsy for dumping DOGE, though, don't care for it other than what Eleuthria said in having a community that isn't going away, so I'm on 50% dump and 50% store for that one.

[BitcoinTraders]

Hello!

Ca anyone help me?
I wanted to mine for scryptguild.com with cgminer 3.7.2!
When the miner is running everything is ok(the miner shows my speed and everything) but in the webpage it doesn't show my speed or anything else...
What should i do?

[reactor]

Hello!

Ca anyone help me?
I wanted to mine for scryptguild.com with cgminer 3.7.2!
When the miner is running everything is ok(the miner shows my speed and everything) but in the webpage it doesn't show my speed or anything else...
What should i do?

Make sure your worker name matches exact to the worker name on the workers page.  Here's my bat file for running on guild without issues:

cgminer.exe --scrypt -u full_username -p 987 -o stratum+tcp://stratum.scryptguild.com:3333

If you're using 3.7.2 you may be using Gridseeds, in which case I also have this after the server:

--gridseed-options=baud=115200,freq=888,chips=5 --hotplug 15 --usb 2:*

Hotplug because I'm running on windows and usb detection sucks sometimes, usb flag because all my GS units are on a different bus (#:# = bus:device, so I put all those on bus 2).  For whatever reason I couldn't have Ant units and Gridseeds on the same bus or I'd start getting usb errors.

[BitcoinTraders]

Hello!

Ca anyone help me?
I wanted to mine for scryptguild.com with cgminer 3.7.2!
When the miner is running everything is ok(the miner shows my speed and everything) but in the webpage it doesn't show my speed or anything else...
What should i do?

Make sure your worker name matches exact to the worker name on the workers page.  Here's my bat file for running on guild without issues:

cgminer.exe --scrypt -u full_username -p 987 -o stratum+tcp://stratum.scryptguild.com:3333

If you're using 3.7.2 you may be using Gridseeds, in which case I also have this after the server:

--gridseed-options=baud=115200,freq=888,chips=5 --hotplug 15 --usb 2:*

Hotplug because I'm running on windows and usb detection sucks sometimes, usb flag because all my GS units are on a different bus (#:# = bus:device, so I put all those on bus 2).  For whatever reason I couldn't have Ant units and Gridseeds on the same bus or I'd start getting usb errors.

Thanks for answer!
I'm trying it now!