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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 828598 times)
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windpath
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October 31, 2014, 06:55:23 PM
 #7941

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

This.

Looking forward to seeing your next direction eleuthria, any plans in the works?

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philipma1957
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October 31, 2014, 07:14:16 PM
 #7942

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.


THANKS FOR BEING A GOOD POOL OPERATOR.

██     Please support sidehack with his new miner project Send to :

1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr

 
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pjcltd
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October 31, 2014, 07:19:11 PM
 #7943

BTC Guild was the first pool i used
TOP service 
TOP support
YOU will be missed.

Paul...

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October 31, 2014, 07:20:40 PM
 #7944

You should donate the pool to the community.
Kexkey
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Smile while thinking.


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October 31, 2014, 07:24:02 PM
 #7945

Thanks for everything Eleuthria, BTC Guild was my first pool and you are one of the most present and active pool operators around!  Great work, great contribution!

Good luck for your future projects!

Kexkey

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faetos
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gotta let a coin be a coin


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October 31, 2014, 07:24:53 PM
 #7946

E, thank you for running such a top notch and honest operation. Your commitment to the community and your transparency will always be appreciate by me.
kingcolex
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October 31, 2014, 07:25:09 PM
 #7947

You should donate the pool to the community.

and how would that work? Community ran pools are P2Pool not central authority pools.

zerokwel
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October 31, 2014, 07:35:48 PM
 #7948

Thats it.... I am gonna start drinking ...


(bit of a Lie I already was)

DrHaribo
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October 31, 2014, 07:37:30 PM
 #7949

It's sad to see BTC Guild will be shut down or sold.

It feels like an era is nearing the end. Of all the 2011 mining pools only a handful remain at this time. Maybe I'm just being nostalgic, but it feels like
some of the new pools and even new miners are increasingly motivated by greed and know and care less and less about Bitcoin.

I hope you'll still be a part of the community. Perhaps we will see another Bitcoin-related project from you in the future.

Thanks for recommending Bitminter.

Being in competition with BTC Guild wasn't easy. But it was always a competition of gentlemen.

Thank you for playing fair and honest. Thanks for being responsible when BTC Guild got too much of the global hashrate. Thanks for caring about Bitcoin and the community.

BTC Guild is a huge success and something you can always be proud of.

I tip my hat to you, sir.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
STT
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October 31, 2014, 07:48:45 PM
 #7950

End of an era, cant help but feel this reflects badly on bitcoin network if a good pool cant risk being part of it.   A distributed network that keep consolidating?  Is that a good thing really, seems a bit dangerous to continue on this path

btcash
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October 31, 2014, 07:53:57 PM
 #7951

Thanks for what you have done for Bitcoin. I hope BTC Guild continues to exists, otherwise this would be another step to centralization of the network.

Quote
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.
This! You are a great guy.

The Americans take our data privacy concerns seriously. - Hans-Peter Friedrich (German Federal Minister of the Interior)
MoreBloodWine
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October 31, 2014, 07:54:22 PM
 #7952

FWIW, if someone opts to buy the pool.

This may be a stupid question but one that needs to be asked.

Will you be doing any sort of "checks" on whoever buys the pool if at all. Or will be just be a here you go ty for your payment kind of deal as if someone just stepped in line at a store to buy a can of soda ?

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eleuthria
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October 31, 2014, 08:09:02 PM
 #7953

FWIW, if someone opts to buy the pool.

This may be a stupid question but one that needs to be asked.

Will you be doing any sort of "checks" on whoever buys the pool if at all. Or will be just be a here you go ty for your payment kind of deal as if someone just stepped in line at a store to buy a can of soda ?

There will be vetting of interested buyers.  The last thing I want to do is sell the pool, only to have it turn into a Goxxing 2 years down the road and take my name down with it tangentially.  Obviously there is no way I can guarantee this, but I will do my best to make sure the team that takes it over appear to be capable.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
philipma1957
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October 31, 2014, 08:12:54 PM
 #7954

End of an era, cant help but feel this reflects badly on bitcoin network if a good pool cant risk being part of it.   A distributed network that keep consolidating?  Is that a good thing really, seems a bit dangerous to continue on this path

this is more a result of usa tax laws and banking laws then any thing else.

██     Please support sidehack with his new miner project Send to :

1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr

 
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eleuthria
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October 31, 2014, 08:19:06 PM
 #7955

I've received this question by email and on reddit, so just felt the need to put it here as well.

Q: Can you confirm that you haven't been subjected to any national security letters, or any other subpoena that you're not allowed to publicly talk about?

A: BTC Guild has not received any notice, information request, subpoena, or similar instrument.  The only contact BTC Guild has had with a government agency is the IRS, California Franchise Tax Board, and Nevada Payroll authorities (I can't recall exact departments in NV at this time), all related to, obviously, paying the taxes the business owed.

The only partial exception to this is a subpoena that was received in early 2014 related to a lawsuit against Mt. Gox which requested information related to possible hidden accounts/mining activity they may have run through BTC Guild.  The response involved no information about pool users, only confirmed, based off the specifics provided in the subpoena, that there were no BTC Guild accounts owned by Mt. Gox and its related entities/officers which could be identified by the wallets and IP ranges the subpoena identified, and that to the best of my ability, there were no accounts on BTC Guild which were owned by Mt. Gox and its related entities.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
Miner-TE
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October 31, 2014, 08:36:47 PM
 #7956

Wow,  Sad day indeed ....

My thanks to you for all your hard work and for providing the best pool ever ... 

BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
eleuthria
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October 31, 2014, 08:42:16 PM
 #7957

BTC Guild Shutting Down Likely Being Sold

Earlier today, a news post was made identifying that BTC Guild would be shutting down on January 31, 2015. This post is still available in its entirety on the Bitcointalk forum (https://bitcointalk.org/index.php?topic=49417.msg9395478#msg9395478).

Just hours after making this post, multiple parties have expressed strong interest in purchasing BTC Guild and keeping it running. As a result, the previously announced timeline for closure of operations has been cancelled, and the site will likely continue without interruption.




This was just updated on the BTC Guild website after it was clear that it is almost certain that BTC Guild will not be shutting its doors.  While I may be ending my watch over the pool in the coming months, it will continue.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
Miner-TE
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October 31, 2014, 08:43:43 PM
 #7958

 Smiley  Good news ... But were still loosing you ...  Sad

BTC - 1PeMMYGn7xbZjUYeaWe9ct1VV6szLS1vkD - LTC - LbtcJRJJQQBjZuHr6Wm7vtB9RnnWtRNYpq
eleuthria
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October 31, 2014, 08:53:39 PM
 #7959

Smiley  Good news ... But were still loosing you ...  Sad

Eventually, yes.  Part of negotiations (regardless of who ends up buying the pool) will almost certainly revolve around how much time I remain involved with the pool.  Depending on the final terms, it is possible you continue to see me around for years to come in some capacity.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
jbrnt
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October 31, 2014, 09:13:13 PM
 #7960

Sad to see you go. BTCGuild is the best managed pool in the community. BTCGuild wouldn't be the same without you.
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