[CLOSING DOWN] ScryptGuild Auto-Switching Pool

[stevegee58]

The lack of a stable altcoin exchange is one of the larger reasons for this shutdown.  The only one with any reasonable volume is Cryptsy (except BTC-e for LTC).  And Cryptsy is absolute garbage (constant delays, broken API, and a trading engine which is either flat out bugged, or rigged when trying to match orders).

Interesting insight.  I don't do cryptocoin trading so I'm not really familiar with exchanges.  When shopping around for another altcoin switching pool I chose multipool because it was one of the bigger ones and also had good integration with what I though was a reputable exchange (cryptsy).

Maybe I need to rethink this.

[eleuthria]

The lack of a stable altcoin exchange is one of the larger reasons for this shutdown.  The only one with any reasonable volume is Cryptsy (except BTC-e for LTC).  And Cryptsy is absolute garbage (constant delays, broken API, and a trading engine which is either flat out bugged, or rigged when trying to match orders).

Interesting insight.  I don't do cryptocoin trading so I'm not really familiar with exchanges.  When shopping around for another altcoin switching pool I chose multipool because it was one of the bigger ones and also had good integration with what I though was a reputable exchange (cryptsy).

Maybe I need to rethink this.

Honestly, your only choice is Cryptsy for altcoin trading at any reasonable volume.  They work fine "most of the time".  Realize that my complaint is coming from somebody who was targetting > 99.99% uptime with BTC Guild (the colo itself has not even had 1 minute of downtime in the last 3.5 years).  When an exchange works 99% of the time, that's a lot of time it isn't working.

[clarkey2013]

so which pool are people jumping to when Scryptguild goes offline

[crashoveride54902]

so which pool are people jumping to when Scryptguild goes offline

http://poolpicker.eu/table pick one

I picked nicehash...highest avg. payout for last 13days

[stevegee58]

Wow I learn something new every day.  Nicehash/westhash is an interesting concept.

[ALToids]

It took a while but I was finally able to get all the coins out - even Kittehcoin - moved it to cryptsy and managed to get a billionth of a LTC 

[eleuthria]

As the pool is slowing down and users are pulling coins out, the balance between exchange vs coin daemon is continually being adjusted to continue letting people clear out their balances.

WDC is still completely screwed up due to Cryptsy (~90k WDC currently in limbo), but the coin was removed from the switcher as soon as I was made aware of the issue, so anybody continuing to mine won't be getting new WDC unless they manually picked it.

Please keep in mind that on August 10th  (Sunday), the pool server will be shut down.  Exact time isn't known, but you should assume any time after 12:01 AM it may go down, so moving prior to August 10th is recommended.

Once the pool server is shut down, minimum payouts will be lowered to 0.0001 and payouts will get processed once per 24-hours.  Amounts less than 0.0001 will not be paid (but amounts > 0.0001 will get every last satoshi paid).

[capcom]

ScryptGuild Closing Down

ScryptGuild is going to be shutting down on September 27, 2014.  The mining servers will halt in 2 weeks, which is August 10th.  

[...]

These days, it looks like it's time to work on that project.  It is not only one that I have been wanting to do, but also one which I believe has a much brighter future than a scrypt-coin mining pool.

Eleuthria, you've posted this general statement here and on the scryptguild website. It just feels like a teaser/cliffhanger statement, but you don't shed any light into your future project.

Any hints on the topic?
Will there be a status update when you get going on that project?

Thanks for putting in the long hours to get us to here. I'm glad that when you threw in the towel you let people know in advance. Its not always obvious or an easy decision.

[Bitsaurus]

ScryptGuild Closing Down

ScryptGuild is going to be shutting down on September 27, 2014.  The mining servers will halt in 2 weeks, which is August 10th.  

[...]

These days, it looks like it's time to work on that project.  It is not only one that I have been wanting to do, but also one which I believe has a much brighter future than a scrypt-coin mining pool.

Eleuthria, you've posted this general statement here and on the scryptguild website. It just feels like a teaser/cliffhanger statement, but you don't shed any light into your future project.

Any hints on the topic?
Will there be a status update when you get going on that project?

Thanks for putting in the long hours to get us to here. I'm glad that when you threw in the towel you let people know in advance. Its not always obvious or an easy decision.

He mentioned it in the BTC Guild thread - I think it will be something separate from mining which he has put off because of the Guild sites.  Moving on to bigger and brighter things.

[ordenadoresatm]

I have just removed my miners and money from the pool. I think it was one of the most profitable scrypt pools.

Thank you very much for your dedication and good luck in your next projects. 

[eleuthria]

I answered it earlier in the thread.  The new project is nothing grand, though it will almost surely make more profit than ScryptGuild (which made very little).

It's a used (vintage/cartridge) video game store, with it's own website and extensive eBay integration as well (eBay fees suck, but I just count it as marketing costs for the independent website in the long run).  I'm focusing on that project because it's something my parents can help with.  My parents were always self-employed, but they're unable to continue their previous business due to my father's arthritis.  As such, I'm wanting to focus on this project as a way to help give them something to do during the day, and as a way to help support them.

I previously had one running before I discovered Bitcoin, and it was a lot of fun for me, a good hobby.  I got to tinker with eBay APIs to make it so I was able to manage the entire business (including inventory management and shipping) through my own frontend rather than eBay, so the two stores were always synchronized.


It will be taking Bitcoin from day 1!

[aso118]

Approx BTC balance != Actual BTC balance.

Right now Cryptsy is having issues with WDC deposits (last deposit recognized was about 3 days ago), so WDC coins have been unable to be converted.  My guess is WDC makes up the majority of your approx BTC balance.

The lack of a stable altcoin exchange is one of the larger reasons for this shutdown.  The only one with any reasonable volume is Cryptsy (except BTC-e for LTC).  And Cryptsy is absolute garbage (constant delays, broken API, and a trading engine which is either flat out bugged, or rigged when trying to match orders).

I switched my miners when I found out the pool was closing, but I still have digitalcoin (DGC), Lottocoin (LOT), and Kittehcoin (MEOW) stuck in my balance.  I also have worldcoin pending as well (as you mentioned in the post above), but are there problems converting the other three to btc?  I'm a small miner, and I was looking to do 'one big cashout' as not to leave any precious satoshi behind!

I enjoyed your last post with some additional details on your future plans.  I've been mining with btcguild for about 3 years now, and I enjoyed ScriptGuild while it was around.  I agrees scypt mining is becoming less profitable (and less interesting) each day.  My family has been self employed for many years and my parents are always trying to understand 'what this bitcoin thing is.'  Needless to say, they don't quite get it...

But on the other hand, I collect many vintage video games (mostly NES) and I hope you decide to build a website and let us get some great collectibles with bitcoin. 

[Ktulu1]

Hey, I'm finally all out of Scryptguild. Thanks again eleuthria. Good luck and take care.

[eleuthria]

But on the other hand, I collect many vintage video games (mostly NES) and I hope you decide to build a website and let us get some great collectibles with bitcoin. 

You're in luck then.  The majority of what I deal in are NES, SNES, and Genesis titles.  I target buying lots of games which have a few of the rarer titles as well (though they generally sold in under 48 hours once I listed them).

[Naelr]

Eleuthria,

I have been with BTCguild for a long time.. and Sryptguild since the start I think.  I haven't had much time in the last year to keep up to date and do much on the forums; however, I want to wish you the best of luck in your new/renewed business and while what I have left on scryptguild isn't much I want you to just keep it.  My hope is other people will do the same to show how much we appreciate all the long hours and hard work you put into trying to make your mining pools the best they can be.  As an IT admin I can appreciate the long nights and early morning phone calls/pages/emails... 

Come on everyone just leave Eleuthria your final bitcents he has more then earned it!

Naelr

[payzor]

shame no PZR payzor here

good luck

[eleuthria]

The pool server is now down.  Coins will be shuffling back and forth between the local pool wallets and the exchange over the next few days to keep withdrawals functioning.  If you do not want your coins to be force-converted to BTC, you should set a wallet on them and a payout threshold.  Once the majority of users have withdrawn their balances out the full wallets will be liquidated in order to shut down the coin daemons.

[BitMinerN8]

The pool server is now down.  Coins will be shuffling back and forth between the local pool wallets and the exchange over the next few days to keep withdrawals functioning.  If you do not want your coins to be force-converted to BTC, you should set a wallet on them and a payout threshold.  Once the majority of users have withdrawn their balances out the full wallets will be liquidated in order to shut down the coin daemons.

Thanks for running this pool. It was great to dust off a stack of old GPUs and make some BTC while it lasted. Best of luck in your future endeavors.

[eleuthria]

The minimum payout threshold has now been dropped to 0.0001 for all coins.

[Felas]

Thanks for Running this Pool.
Is there an issue with the WDC Payout ? All other currencies where paid correctly but my WDC Coins are still there.