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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 828526 times)
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RoadStress
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November 03, 2014, 12:43:05 AM
 #8001

I've seen it all. 0% luck!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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Adrian-x
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November 03, 2014, 01:01:35 AM
 #8002


There's really no other pool I trust.. Period.

Time for p2pool.



You can trust Bitminter ! Tongue The pool admin is A1
Time for p2pool for me too.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
eleuthria
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November 03, 2014, 07:13:23 AM
 #8003

A brief update on the weekend's events:  BTC Guild is not closing down in the near future.  BTC Guild is not being sold in the near future.  I am beginning to go over options with some colleagues in other countries and lawyers to consider moving BTC Guild to another country.  This may involve taking on a partner, but I would maintain the primary role in the management and operations of the pool itself.  More on this will be made available as it develops.

That process will be the answer to the concern over regulation.  The second part, the concern about the cost of a successful compromise of the pool, is something I am working on addressing.  I have already made some changes to the pool hot wallet to significantly decrease the amount of funds kept online.  It will mean failed withdrawals may happen more frequently (we haven't had that happen in many months), though it is preferable to have a few withdrawals delayed for 12-24 hours than have the site shut down due to a compromise.

I am also exploring ways that the pool could make a transition to coinbase payments to further reduce the amount of funds at risk at any given time.  This probably won't happen for a few months, if it happens at all.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
hurricandave
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November 03, 2014, 07:28:47 AM
 #8004

Thank You, Thank You, Thank You. Grin
ManeBjorn
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November 03, 2014, 07:31:51 AM
 #8005

That is great to know.
Now to get more miners off Discus Fish and ghash to BTC Guild and other responsible pools like it.

A brief update on the weekend's events:  BTC Guild is not closing down in the near future.  BTC Guild is not being sold in the near future.  I am beginning to go over options with some colleagues in other countries and lawyers to consider moving BTC Guild to another country.  This may involve taking on a partner, but I would maintain the primary role in the management and operations of the pool itself.  More on this will be made available as it develops.

That process will be the answer to the concern over regulation.  The second part, the concern about the cost of a successful compromise of the pool, is something I am working on addressing.  I have already made some changes to the pool hot wallet to significantly decrease the amount of funds kept online.  It will mean failed withdrawals may happen more frequently (we haven't had that happen in many months), though it is preferable to have a few withdrawals delayed for 12-24 hours than have the site shut down due to a compromise.

I am also exploring ways that the pool could make a transition to coinbase payments to further reduce the amount of funds at risk at any given time.  This probably won't happen for a few months, if it happens at all.

Remember remember the 5th of November
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November 03, 2014, 08:19:16 AM
 #8006

A brief update on the weekend's events:  BTC Guild is not closing down in the near future.  BTC Guild is not being sold in the near future.  I am beginning to go over options with some colleagues in other countries and lawyers to consider moving BTC Guild to another country.  This may involve taking on a partner, but I would maintain the primary role in the management and operations of the pool itself.  More on this will be made available as it develops.

That process will be the answer to the concern over regulation.  The second part, the concern about the cost of a successful compromise of the pool, is something I am working on addressing.  I have already made some changes to the pool hot wallet to significantly decrease the amount of funds kept online.  It will mean failed withdrawals may happen more frequently (we haven't had that happen in many months), though it is preferable to have a few withdrawals delayed for 12-24 hours than have the site shut down due to a compromise.

I am also exploring ways that the pool could make a transition to coinbase payments to further reduce the amount of funds at risk at any given time.  This probably won't happen for a few months, if it happens at all.
After that huge post on /r/Bitcoin, you reverted your decision?

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
johnyj
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November 03, 2014, 08:20:05 AM
 #8007

A brief update on the weekend's events:  BTC Guild is not closing down in the near future.  BTC Guild is not being sold in the near future.  I am beginning to go over options with some colleagues in other countries and lawyers to consider moving BTC Guild to another country.  This may involve taking on a partner, but I would maintain the primary role in the management and operations of the pool itself.  More on this will be made available as it develops.

That process will be the answer to the concern over regulation.  The second part, the concern about the cost of a successful compromise of the pool, is something I am working on addressing.  I have already made some changes to the pool hot wallet to significantly decrease the amount of funds kept online.  It will mean failed withdrawals may happen more frequently (we haven't had that happen in many months), though it is preferable to have a few withdrawals delayed for 12-24 hours than have the site shut down due to a compromise.

I am also exploring ways that the pool could make a transition to coinbase payments to further reduce the amount of funds at risk at any given time.  This probably won't happen for a few months, if it happens at all.

That's the attitude!  Cool Keep the good spirit!


eleuthria
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November 03, 2014, 08:49:03 AM
 #8008

After that huge post on /r/Bitcoin, you reverted your decision?

The response to the intent to close the pool were definitely weighing heavily on me.  That was originally why I began to consider selling the pool to keep it running.  After responding to the first wave of inquiries about buying the pool, I started to realize that selling the pool would likely not be possible.  I could not separate myself from the pool, and the only thing going through my head over the last two days was the concern that if I sold it and somebody ruined it, opened it up to vulnerabilities, or wronged the users, it would be my fault even if it happened years after I was gone.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
hurricandave
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November 03, 2014, 09:22:05 AM
 #8009

Veritas Sine Timore  Wink
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November 03, 2014, 11:12:40 AM
 #8010

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


Thank u !!!
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November 03, 2014, 12:12:54 PM
 #8011

Good you decided to change country in order to be competitive and keep alive.
Closing is the same as giving up.
I would not wanted to change the pool setting on my miners...


From Seti@home to Bitcoin+LTC and then Huh
Achtung scammers claim honesty
FirstGlobalCredit
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November 03, 2014, 12:27:34 PM
 #8012

M.M. Did you receive my message? My CEO Gavin would be willing to meet with you on your turf to discuss whether we could perhaps create something even better for your users? This is about brainstorming. And you would enjoy Gavin, he has a really unique mind and is VERY good at thinking around problems and has real deep knowledge about certain useful things.
Go see the business we are building at www.firstglobalcredit.com. I think we have a similar view of the world.
I am going to keep my skype open (firstglobalcredit) in case you want to discuss.
I think what you've done thus far is pretty amazing.
Marcie
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November 03, 2014, 12:32:01 PM
 #8013

After that huge post on /r/Bitcoin, you reverted your decision?

The response to the intent to close the pool were definitely weighing heavily on me.  That was originally why I began to consider selling the pool to keep it running.  After responding to the first wave of inquiries about buying the pool, I started to realize that selling the pool would likely not be possible.  I could not separate myself from the pool, and the only thing going through my head over the last two days was the concern that if I sold it and somebody ruined it, opened it up to vulnerabilities, or wronged the users, it would be my fault even if it happened years after I was gone.

I'd be willing to help, if you're looking for a partner.

I'm Federally incorporated in Canada, where our laws are rather lax and no authority argues for long with me.

We also operate one of the largest independent mines in the country running on 80% free power.

We're also in the works of registering with FinTRAC, the Canadian version of FinCEN, the regulatory body for another project.

Would be easy for me to add your pool to our services requiring MSB licensing.

You got mail, check it out of interested, I don't comment on here often, very busy, too much pessimism.

Peace Out

-I'd rather be prospecting
-I'm a certified fuck off donor
Remember remember the 5th of November
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November 03, 2014, 12:36:57 PM
 #8014

After that huge post on /r/Bitcoin, you reverted your decision?

The response to the intent to close the pool were definitely weighing heavily on me.  That was originally why I began to consider selling the pool to keep it running.  After responding to the first wave of inquiries about buying the pool, I started to realize that selling the pool would likely not be possible.  I could not separate myself from the pool, and the only thing going through my head over the last two days was the concern that if I sold it and somebody ruined it, opened it up to vulnerabilities, or wronged the users, it would be my fault even if it happened years after I was gone.
This would be true. If you sell it, you wouldn't know to whom you'd be selling it and what intentions that person has.

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
freedomno1
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November 03, 2014, 06:07:39 PM
 #8015

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.


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.

It was a good run
Regulations seem to be red taping everything but thanks for all your work on BTC Guild

RoadStress
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November 03, 2014, 06:20:38 PM
 #8016

Thank you eleuthria for you last update!

@freedomno1 you may want to read eluthria's last update.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
SVK
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November 03, 2014, 08:25:15 PM
 #8017

That's the man  Grin

Thank you thank you thank you  Grin

I have all ready put miners for sale lol.
stan258
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November 03, 2014, 11:18:08 PM
 #8018

Oh thank goodness.  I pulled my units over alot of anxieties.  They will be brought back tonight. Thanks E.
eleuthria
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November 04, 2014, 01:10:06 AM
 #8019

BTC Guild email support has been moved to a ticketing system to allow for better tracking of support requests, and likely bringing in somebody to assist with handling support requests which do not require access to the user's account.  I will still be the only one capable of accessing any user account history/information when a support request requires it.  Support will still be handled via email, but it requests should be answered more quickly and not left unanswered for more than 12-24 hours, depending on the time it was sent and whether or not I need to answer it myself.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
Syke
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November 04, 2014, 01:15:07 AM
 #8020

I am also exploring ways that the pool could make a transition to coinbase payments to further reduce the amount of funds at risk at any given time.  This probably won't happen for a few months, if it happens at all.

+1. I much prefer direct payouts, and it eliminates a lot of your risk.

Buy & Hold
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