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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 829614 times)
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ManeBjorn
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October 30, 2014, 09:08:57 PM
 #7921

Chrome on Mac works the best, Firefox is good but can eat up ram at times.


99% of CPU AGAIN!!!

I just don't understand why it's only THIS website.  Just makes no sense to me at all.  I can surf the web all day long with no problems to many various websites.  If I stay on The Guild's website for several hours, it will eventually start using 99% of my CPU.



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DanielRo
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October 30, 2014, 09:59:58 PM
 #7922

I've mined on this pool for 4 weeks or more starting around the end of September. Despite the PPLNS stats which shows arround 96% I think the real stats are around 75%, or maximum 80%.
In the pool news posted on September 29 it states that the pool will take around 3 hours and 20 minutes to solve a block on AVERAGE. This means a little more than 7 blocks per day, which happens only once or twice a week. On September 29 there was an entirely day with only one block solved, so, bye bye BTC Guild.
Missing you already.  Mind you take the time to read up about luck and probability before complaining that the next pool you try also doesn't meet your expectations.

Eight days ago I withdrew my earned balances from both BTCguild and Slush.  Starting from zero, and with equal effort, the earnings on the two pools are very similar.  Sometimes one gets its nose in front, and sometimes the other.  So I don't have any issues with the day-to-day or even the week-to-week variance in luck.

Edit:  I took the time to work out some figures.  In the four weeks 1-28 October, there were eight days when 8 or more blocks were found, so yes - two a week; the highest was 11 blocks on three occasions.  The good days tend to offset the bad days; over the 28 days there were 189 valid blocks, so the daily average was 6.75.  It would have been slightly higher but for an orphan on the 27th.  So perhaps a little below expectation, but not by much:  by my calculation it is 93.75% over the four weeks, well within what I would consider acceptable tolerance.

Tell me how many blocks were found between September 24 and October 24? And what was the average?
If you've been mining on the Guild for the last four weeks then you have an account and access to that information as well as an expected level of familiarity in how to use the pool website to find the STATS you think are going to win your argument. If your not happy with your earnings, try discus fish, you can have a nice little tidy steady stream of PPS minus 4% all month long. The pool hasn't done you wrong in any way, there's no need to get snide or into your feelings.
Despite the last few days when the pool worked well I think the pool PPLNS stats, the pool luck, is wrongly calculated. As I said before I think the pool luck between September 24 and October 24 was arround 80%.

Nothing is impossible :-)
os2sam
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October 30, 2014, 10:09:05 PM
 #7923

Chrome on Mac works the best, Firefox is good but can eat up ram at times.

Mozilla has been concentrating on reducing the memory footprint lately.  So it does better on RAM than it used to.  But I don't know about how it is on a Mac though.

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
eleuthria
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October 30, 2014, 11:14:14 PM
 #7924

Chrome on Mac works the best, Firefox is good but can eat up ram at times.

Mozilla has been concentrating on reducing the memory footprint lately.  So it does better on RAM than it used to.  But I don't know about how it is on a Mac though.

Firefox isn't that great on Mac.  I prefer Chrome, then Safari, then Firefox, in that order.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
Sir Alan
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October 30, 2014, 11:28:56 PM
 #7925

Despite the last few days when the pool worked well I think the pool PPLNS stats, the pool luck, is wrongly calculated. As I said before I think the pool luck between September 24 and October 24 was arround 80%.
As only the last 200 blocks are listed in the pool stats (which at the time of writing means they go back to 2 October) we cannot tell, and I do not propose to try to out-guess you.  A shame you decided to dump this pool, as we have had a good day again today with 10 blocks so far, which has more than compensated for yesterday's 6.

1Eeyore17YeHrbJW5Q3pSdV8sXujkdrrFc
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October 30, 2014, 11:42:05 PM
 #7926

Despite the last few days when the pool worked well I think the pool PPLNS stats, the pool luck, is wrongly calculated. As I said before I think the pool luck between September 24 and October 24 was arround 80%.
I think you have overlooked just exactly what the "Graph" is charting. It represents a comparison between the estimated per share earnings of a pool which would have paid PPS minus 2% fees or the estimated average of actual per share earnings of the BTCGuild (With PPLNS, each open shift is rewarded the following:(Block Value + Transaction Fees) / 10) - Pool Fee (2%)).
As it would break down in a per (3?) shift time points for the graph and numerically calculated per shift % as determined by the position of (24H / 3D / 1W / 2W / 1M / 3M / All Time).
So what's wrongly "compared" is your idea of the graph and what the graph actually tells you.
 If you would like to figure out strickly bare Pool Luck, you can get the latest 200 block numbers and time stamp of when they were found under the "pool stats tab" sub-table "Block History". If that doesn't go far enough back for you; there are plenty of other websites that provide a full listing of the block history and who/when blocks paid too, when the receiver's name is known, as BTCGuild's has been, for a long time. Then you can divide the dates and time however you like from and to whenever.
PPLNS involves variance: If the pool is lucky, you will earn more than normal. If it's unlucky, you will earn less.
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October 31, 2014, 07:19:09 AM
 #7927

Chrome on Mac works the best, Firefox is good but can eat up ram at times.


99% of CPU AGAIN!!!

I just don't understand why it's only THIS website.  Just makes no sense to me at all.  I can surf the web all day long with no problems to many various websites.  If I stay on The Guild's website for several hours, it will eventually start using 99% of my CPU.



okay

thx!

BTC ADDRESS:
eleuthria
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October 31, 2014, 04:51:11 PM
 #7928

After many months of consideration, I have finally made the choice to announce the planned closure of BTC Guild.  Below, I've outlined the closure process/timeline and reasons that this decision was made.



Closure Timeframe and Process


As identified in the support section and in the 2nd post on this thread, BTC Guild has had an official policy for the amount of time that will be given in the event of closure.  The official date that BTC Guild will cease all business is January 31, 2015.  This post is the start of the identified 3 months of warning.

- Effective immediately, registrations are closed to new users.
- BTC Guild mining servers will remain online until November 30, 2014.
- After the mining servers shutdown, manual withdrawals between 0.001 and 0.009 will no longer have a fee deducted.  Manual withdrawals will be available for balances as low as 0.0005, with a fee of 0.0001 deducted if it is under 0.001.
- Users will have until 11:59 PM (PST) on January 31, 2015 to withdraw any remaining balances on their account.

The above timeline may change if BTC Guild is sold prior to the planned date of closure.



Main Reasons for Closure


1) Risk/cost of a successful attack against the pool.  As pooled mining in general is shrinking due to large manufacturers creating private farms, the potential revenue for the pool has gone down as expected.  While the pool is still very profitable, the amount of time it would take to recover from an attack has increased due to the overall share of the network shrinking.

BTC Guild has, to date, never been successfully hacked.  However, I have seen a rise in attack attempts, and things like Heartbleed/Shellshock which show that efforts are being put into compromising common Linux services if possible.  Neither of those attacks had any affect on BTC Guild, but they were both reminders that under BTC Guild's own code, there are many services which could be a doorway into the pool's servers if a vulnerability was discovered.

One successful attack could cost close to a year of pool revenue, maybe more depending on what happens in the mining landscape over that period of time.  If something else happened in that time (subsequent attack or regulation forcing closure), it would mean continuing to operate the pool beyond this point has cost me more money than it might potentially make in the rest of its lifetime.


2) US government/regulators are already taking stances against specific business types in Bitcoin, applying requirements which would be impossible for BTC Guild to operate under if they attempt to extend regulation into pooled mining, either directly or indirectly due to unclear definitions.  Nobody will mine on a pool which requires them to provide personally identifiable information when they can change a single line in their configuration to point elsewhere.

Additionally, state regulators are starting to make noise about Bitcoin.  New York is the first to publicly put anything forward, but there are 49 other states which can put their own spin on things.  Due to the ability for states to establish a nexus for businesses dealing with their state's residents, it is a scary landscape to continue operating in.

I have no intention of leaving the US myself, and given the recent history of the US when it comes to online businesses, I wouldn't feel safe simply moving the business legal entity to another country while continuing to live in the US myself.



Aquisition and Users's Privacy/Funds


In the event that BTC Guild is acquired prior to closure, users will not have their mining history and withdrawal history transferred to the new owner.  All balances up to the date of aquisition will be retained by myself, and a separate service will be made available to claim any funds owed.  I am unwilling to compromise on this, because I refuse to do anything where it puts the users of the pool at risk of not receiving what they've earned under my watch.



Pool Recommendations


For users looking for a new home for their miners, I highly recommend BitMinter, Eligius, and p2pool.  I do not recommend Slush over any of those 3 options, and I actively encourage users to not use Discus Fish or GHash.io.  Other smaller pools exist which are run by honest people, but due to their size, it is difficult to recommend them to the average miner.


Closing Words


When I got into Bitcoin back in March of 2011, I never expected anything that we've seen over the last 3 and a half years.  I had never built a computer before, never run a server beyond a Gentoo PC in a spare bedroom, and never setup a website that experienced even 0.1% of the traffic BTC Guild gets on an average day.

Bitcoin and BTC Guild have both radically changed my life.  While I am closing BTC Guild, I still plan to remain a part of the Bitcoin community.  I do believe, even in the face of over-regulation, that Bitcoin will continue to grow and become more useful and usable.  I just feel that it is time to move on from BTC Guild, and take pride in the fact that BTC Guild's closure can show that not all Bitcoin businesses end with somebody stealing funds from their users, either by "getting hacked" or outright theft.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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October 31, 2014, 05:11:27 PM
 #7929

Just to clarify:
IF no one buys BTC Guild from you, we need to have moved our miners BEFORE November 30.   The 90 days is just for withdraws, not for mining.  Correct?

too many grasshoppers, not enough ants
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October 31, 2014, 05:14:31 PM
 #7930

Just to clarify:
IF no one buys BTC Guild from you, we need to have moved our miners BEFORE November 30.   The 90 days is just for withdraws, not for mining.  Correct?

Correct.  Unless the pool is sold, users will need to move miners by November 30th.  The remaining 60 days are there for users to claim any balances left on their accounts.

Miners may wish to leave now, but it is possible that BTC Guild continues to operate under new management and the full closure does not happen.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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October 31, 2014, 05:26:08 PM
 #7931

This is a sad day.

I commend you on what you have done for the Bitcoin community and for Bitcoin itself with your tireless work on BTCGuild. You set the highest standards possible with your honesty, understanding and continuous help towards your miners, no other pool comes close to your customer support.

Your Legendary status is an understatement. Kudos to you. And thank you.

Y'all come on over to p2pool now - ya hear?  Grin

"When one person is deluded it is called insanity - when many people are deluded it is called religion" - Robert M. Pirsig.  I don't want your coins, I want change.
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October 31, 2014, 05:32:23 PM
 #7932

 Cry
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October 31, 2014, 05:39:17 PM
 #7933

This is terrible news, i can't believe it.  Cry

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October 31, 2014, 05:47:31 PM
 #7934

You said:

"Pool Recommendations and Advice

For users looking for a new home for their miners, I highly recommend BitMinter, Eligius, and p2pool. I do not recommend Slush over any of those 3 options, and I actively encourage users to not use Discus Fish or GHash.io. Other smaller pools exist which are run by honest people, but due to their size, it is difficult to recommend them to the average miner."

Is something up with slush that we should know about?

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eleuthria
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October 31, 2014, 05:51:04 PM
 #7935

You said:

"Pool Recommendations and Advice

For users looking for a new home for their miners, I highly recommend BitMinter, Eligius, and p2pool. I do not recommend Slush over any of those 3 options, and I actively encourage users to not use Discus Fish or GHash.io. Other smaller pools exist which are run by honest people, but due to their size, it is difficult to recommend them to the average miner."

Is something up with slush that we should know about?

Slush does not have any presence on his own pool thread (or the forum itself), continues to use a broken payout method even after saying he was going to change to a proper unhoppable method, and redirected a DDoS at BTC Guild in the past by pointing his DNS to my servers.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
eleuthria
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October 31, 2014, 05:55:14 PM
 #7936

Manual payout has been adjusted to only take a 0.0001 fee for payouts under 0.01.  Automatic payouts will be adjusted to send the full amount rather than the exact amount specified before the weekend is over.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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October 31, 2014, 06:13:07 PM
 #7937

E,
   You're an amazing person to have developed 2 of the most successful pools in the history of cryptos, BTCGuild and ScryptGuild.  I hope that your endeavors take you to higher realms of possibility.  It's sad to see bitcoin becoming so centralized with large farms popping up, but that's what PoW coins will eventually see happen as machines become more powerful, costs rise, and difficulty skyrockets.  I have high hopes for bitcoin, but the immense expenditure on electricity makes me feel slightly ill...

Good luck out there and I hope your next adventure is a success!
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October 31, 2014, 06:21:20 PM
 #7938

Sad news I hope Bitmain will take over this awesome pool. 

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October 31, 2014, 06:25:28 PM
 #7939

Just to clarify:
IF no one buy
s BTC Guild from you, we need to have moved our miners BEFORE November 30.   The 90 days is just for withdraws, not for mining.  Correct?
I'd love to buy BTC Guild mining pools if offer a good price. it has a nice and simple UI. too bad it is closing down.
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October 31, 2014, 06:52:31 PM
 #7940

This is a small update, and is reflected on the website.  There is already interest being shown by multiple parties, at least two of which appear to be seriously interested, in purchasing BTC Guild.

While I absolutely recommend users prepare to switch pools, it *may* not be needed.  If the pool is sold prior to November 30th, or is in the final stages of negotiation, then the pool will continue to operate, hopefully without any downtime in the transition to new management.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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