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Author Topic: [CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers  (Read 828582 times)
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nwfella
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June 16, 2015, 06:42:23 AM
 #8301

Thanks for running one of the most legit BTC pools for so long.  I actually think it's a pretty stand-up gesture that Eleuthria is unwilling to sell the domain/pool given the # of sheer scammers in the BTC space still.  Your work is much appreciated sir and you've certainly left your mark in the bitcoin space.  Best of luck to you sir one your future endeavors.

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June 16, 2015, 07:23:47 AM
 #8302

uhh guild is closing? I spent the best times of my mining "career" here, also IRC and admin were cool and helpful. I never had any problems at all..

@eleuthria, thanks for providing amazing service and good luck with any future projects.)
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June 16, 2015, 07:33:43 AM
 #8303

Good luck with your future projects, E!

We are like butterflies who flutter for a day and think it is forever
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June 16, 2015, 09:44:37 AM
 #8304

Very saddened to see you go. I remember when you were the "big bad wolf' that people were afraid was going to mount a 51% attack on Bitcoin Cheesy It was amusing, since it was obvious how much you were dedicated.

May you fare well where ever you fair. Many have come and gone, and few will be missed. BTCGuild will.

My very first attempt at bitcoin mining was on your pool. It was frequently my failover even after that (Eligius winning out, barely). I haven't mined bitcoin in some time, preferring the "wild west" of alts. But I have watched, and learned much from you.

goodbye to a legend.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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June 16, 2015, 10:27:28 AM
 #8305

Sad to see another Legend go, i never mined BTC but i was very much involved at Dogecoin mining and always had plans to mine BTC at your pool at some point but never really had the opportunity to do so Sad

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June 16, 2015, 10:41:29 AM
 #8306

Thanks for all your time and commitment, you have shown many how crypto can be "legit".

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June 16, 2015, 12:03:29 PM
 #8307

Thank you!  I've made a lot of money with this pool.  Good luck in the future!
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June 16, 2015, 12:03:48 PM
 #8308

What sad news Sad And I finished mining 180 but with 11 blocks, so my OCD will never resolve that my average won't catch up now.

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June 16, 2015, 01:18:34 PM
 #8309

Will be sad to see you shutter BTC Guild, 2nd pool I ever tried, best interface at the time, and trustworthy.

Hope you find your way back to the bitcoin space professionally, you are an asset to the community.

That being said, I'm sure that come June 30th you will feel a sense of relief from shedding the stress of the pool Wink

Cheers!

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June 16, 2015, 01:24:45 PM
 #8310

Thanks for everything - I have been a member since May or June of 2011.
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June 16, 2015, 01:32:53 PM
 #8311

Best of luck. Pool will be missed.

Hot time, summer in the city, back of my mine getting hot & gritty!!!
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June 16, 2015, 01:51:22 PM
 #8312


All the best to you for the future.

Thanks for your invaluable service.

Smiley










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June 16, 2015, 05:04:45 PM
 #8313

BitLicences do not require pools and miners to register.

But I guess the economics of running the pool are also the issue.

Bummer.
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June 16, 2015, 05:07:53 PM
 #8314

This is a sad day.
I'm sorry it came to this.
BitLicense is a mess that harms everyone. Organized block withholding attacks are also a nasty reality of the current ecosystem.
It won't be long before more centralization happens. Not a good thing.
Thanks for always being professional and maintaining a solid pool that has been a cornerstone for so long.

+1

Thanks for your dedication as a pool operator. You will be missed.

★ ⏳ BitcoinQueue.com β ★ 📈 Real-time Bitcoin Unconfirmed Transaction Queue Charts ⏳ ★ Forum Topic
eleuthria
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June 16, 2015, 05:33:47 PM
 #8315

BitLicences do not require pools and miners to register.

BitLicense doesn't require miners to register.  Pools are in a very ugly gray area, because they can be considered a custodian of the users' funds.  That is one of the many criteria that can be used for what is considered a virtual currency business activity and requires BitLicense registration.  There is no exemption for pools.

EDIT:  Exact line:  "(2) storing, holding, or maintaining custody or control of Virtual Currency on behalf of others; "


But I guess the economics of running the pool are also the issue.

Bummer.

This is the other (and major) reason.  The pool was/is profitable, but not profitable enough to cover a loss of user funds if a compromise ever happened in the future.  It has never happened in the history of the pool.  We've lost coins (and covered the losses) before from software bugs (double payments sent, the bitcoin 0.8 upgrade causing one server to credit people PPS as if network difficulty was 1).  But never a compromise.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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June 16, 2015, 05:56:12 PM
 #8316

Sad to see you closing doors, The first pool I tried out mining on was users a couple of years ago.

Hopefully you still have some other projects related to bitcoin in store and that you'll stay around
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June 16, 2015, 05:58:48 PM
 #8317

BitLicences do not require pools and miners to register.

BitLicense doesn't require miners to register.  Pools are in a very ugly gray area, because they can be considered a custodian of the users' funds.  That is one of the many criteria that can be used for what is considered a virtual currency business activity and requires BitLicense registration.  There is no exemption for pools.

EDIT:  Exact line:  "(2) storing, holding, or maintaining custody or control of Virtual Currency on behalf of others; "


But I guess the economics of running the pool are also the issue.

Bummer.

This is the other (and major) reason.  The pool was/is profitable, but not profitable enough to cover a loss of user funds if a compromise ever happened in the future.  It has never happened in the history of the pool.  We've lost coins (and covered the losses) before from software bugs (double payments sent, the bitcoin 0.8 upgrade causing one server to credit people PPS as if network difficulty was 1).  But never a compromise.

Did you read the edit by CoinDesk?

Quote
Following the publication of this article, a spokesperson for the New York State Department of Financial Services told CoinDesk that "miners and mining pools are exempt from the BitLicense".

http://www.coindesk.com/bitcoin-mining-pool-btc-guild-close-bitlicense/

Keep the pool open, put T&Cs in there that funds are not your responsibility and miners should empty funds every 24hrs, etc. Maybe a little script to send funds out every few hours.
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June 16, 2015, 06:07:18 PM
 #8318

You had a great run and did an awesome job. congrats! time to find the next project.

i just don't know if you will find one that can make that kind of cash though ;-)
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June 16, 2015, 07:51:38 PM
 #8319

You had a great run and did an awesome job. congrats! time to find the next project.

i just don't know if you will find one that can make that kind of cash though ;-)

Never expected BTC Guild to make what it did (to be fair, 90% of the pool's lifetime revenue was from like 3 months in 2013-2014).  But it's certainly set me up to be content with whatever a future project provides.  I'm not going to move on to something else with the goal of making a ton of money.  I'm just going to work on something I enjoy.


Gaming Relics - I've already started a Retro video game store in my spare time, which was a project I was working on prior to starting BTC Guild.  Working on building the independent website now (everything is already handled through a bunch of web-based API tools/databases).

SteamTrophies - An achievement tracking website with a decent interface ("inspired" by BTC Guild's template) for Steam games!  Nice free service, planning to add more features over time and eventually some community features.


I'm fairly certain after things settle down I'll end up working on making a PC game.  I originally learned C/C++ to work on MUDs and basic computer games.  It's been a dream of mine since I was a toddler to make a good video game (Turn-Based Strategy RPGs like Shining Force, Disgaea, Final Fantasy Tactics being among my favorite influences).  My handle, Eleuthria, was actually the name of a game I was working on, it was a player vs player strategy RPG game that worked over telnet.


I'm sure after I settle down and get some of the above worked out I'll probably make a return to something Bitcoin related.  At the very least Gaming Relics and my game (if I ever make it) will have Bitcoin integration.

R.I.P. BTC Guild, 2011 - 2015.
BTC Guild Forum Thread
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June 16, 2015, 08:59:25 PM
 #8320

336Mhs USB connected to Guild was my entry to mining.  I've always found eleuthria to be the most accessible and responsive pool operator of them all.

Thank you for putting up with noobs like me and all who came before & after!

ig

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