[CLOSED] BTC Guild - Pays TxFees+NMC, Stratum, VarDiff, Private Servers

[organofcorti]

I know BTC Guild historically was better supported for ASICs that didn't function at low difficulty because it's difficulty adjustment for vardiff was designed agggressively, and would send you new work + diff changes within a second or two of turning on a very high speed ASIC.

However, if the poster is saying "1024 diff is unacceptable" for a 1 TH/s ASIC, I have bad news for you:  You're going to mine at that difficulty whether you like it or not.  Standard vardiff settings will put you in the 512-2048 range on just about every pool out there.

The poster is saying that unless it runs on BTC Guild at minimum difficulty 1024 then it cannot run:

have you tried contacting the company about your findings?

Yup, and they claim that I only can use the machine with BTCGuild with the setting 1024/1THs as minimal diff. So this would be a limitation I can't accept.

 I could see there being some sort of work size issue for an ASIC, but why could the machine only run on BTC Guild?

[1715546494]

1715546494

[1715546494]

1715546494

[eleuthria]

I know BTC Guild historically was better supported for ASICs that didn't function at low difficulty because it's difficulty adjustment for vardiff was designed agggressively, and would send you new work + diff changes within a second or two of turning on a very high speed ASIC.

However, if the poster is saying "1024 diff is unacceptable" for a 1 TH/s ASIC, I have bad news for you:  You're going to mine at that difficulty whether you like it or not.  Standard vardiff settings will put you in the 512-2048 range on just about every pool out there.

The poster is saying that unless it runs on BTC Guild at minimum difficulty 1024 then it cannot run:

have you tried contacting the company about your findings?

Yup, and they claim that I only can use the machine with BTCGuild with the setting 1024/1THs as minimal diff. So this would be a limitation I can't accept.

 I could see there being some sort of work size issue for an ASIC, but why could the machine only run on BTC Guild?

My guess is they haven't tried setting a min-diff on other pools.  Although I'm not sure how many other pools allow for a minimum difficulty to be specified (or at least make it easily settable).

[sbfree]

hello @el, hope you don't mind, but this is important to ALL miners....please sign this petition to change the IRS ruling, thanks sbfree.

https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

[jscarlett]

On the topic of taxes and mining, does anyone know a source of data for the price of Bitcoin by hour by day?  How is everyone else getting the "strike price" of their mined Bitcoin?  In order for me to calculate my gains or losses I will need this information.  For obvious reasons it is not in the reports from the pool.   I would love to hear how others are handling this issue.

Thanks.

[raskul]

On the topic of taxes and mining, does anyone know a source of data for the price of BitCoin by hour by day?  How is everyone else getting the "strike price" of their mined BitCoin?  In order for me to calculate my gains or losses I will need this information.  For obvious reasons it is not in the reports from the pool.   I would love to hear how others are handling this issue.

Thanks.

My own situation is purely experimental, I'm classing it as a hobby and acting as such with it. I mine 170GH at home and every btc I mine is ploughed straight back into cloud mining within minutes of it hitting my wallet. My experiment is this: do this until 21million coins are mined - they can't tax what I don't have but I am making books up for the few seconds I 'own' bitcoin each mining round... I am stating my bitcoin to have no value, except for me having the ability to sign messages on it's network. If they want to tax my bitcoin messages, they are going to have to tax my emails also.

note: always add a tx message in every tx you make. it's an email system, not a property.

FUCK'EM.

[joeofall]

hi

i see a ip had with 18 block in blockchain when i try to access it, but i can't access it.
so i do a whois ip on that 137.117.202.26

and i see is
137.117.202.26 - Geo Information
IP Address   137.117.202.26
Host   137.117.202.26
Location   US US, United States
City   -, - -
Organization   Microsoft Hosting
ISP   Microsoft Corp
AS Number   AS8075 Microsoft Corp
Latitude   38°00'00" North
Longitude   97°00'00" West
Distance   9208.78 km (5722.07 miles)

MS also mining bitcoin ?

LOL

[eleuthria]

Automatic Payout Batch #32804 failed to send yesterday.  The payout has been removed from the payment history for any users included in that batch and it will resend shortly.

MS also mining bitcoin ?

Doubtful.  The IP may be an Azure server that has an extremely good connection to the network + blockchain.info, meaning they are the first source of some blocks that blockchain.info sees.  The relay IP blockchain.info shows is not the SOURCE of a block, its the first node that informed them about a block.

[Trongersoll]

Automatic Payout Batch #32804 failed to send yesterday.  The payout has been removed from the payment history for any users included in that batch and it will resend shortly.

MS also mining bitcoin ?

Doubtful.  The IP may be an Azure server that has an extremely good connection to the network + blockchain.info, meaning they are the first source of some blocks that blockchain.info sees.  The relay IP blockchain.info shows is not the SOURCE of a block, its the first node that informed them about a block.

Or maybe some MS peon's BTC wallet.

[ManeBjorn]

I am on it now.  I am going to get up a news article in the new hour or so to get the news out about it.
I will post the link here when it goes live.
This definitely needs word to get out.

hello @el, hope you don't mind, but this is important to ALL miners....please sign this petition to change the IRS ruling, thanks sbfree.

https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

[Trongersoll]

I am on it now.  I am going to get up a news article in the new hour or so to get the news out about it.
I will post the link here when it goes live.
This definitely needs word to get out.

hello @el, hope you don't mind, but this is important to ALL miners....please sign this petition to change the IRS ruling, thanks sbfree.

https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

I can't help but wonder, if you sign this are you saying "hey, IRS, look at me and my taxes".

[Darthswan]

I am on it now.  I am going to get up a news article in the new hour or so to get the news out about it.
I will post the link here when it goes live.
This definitely needs word to get out.

hello @el, hope you don't mind, but this is important to ALL miners....please sign this petition to change the IRS ruling, thanks sbfree.

https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

I can't help but wonder, if you sign this are you saying "hey, IRS, look at me and my taxes".

right.

[DPoS]

I am on it now.  I am going to get up a news article in the new hour or so to get the news out about it.
I will post the link here when it goes live.
This definitely needs word to get out.

hello @el, hope you don't mind, but this is important to ALL miners....please sign this petition to change the IRS ruling, thanks sbfree.

https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

I can't help but wonder, if you sign this are you saying "hey, IRS, look at me and my taxes".

right.

if you clicked the link they already sent helicopters to you

[Trongersoll]

I am on it now.  I am going to get up a news article in the new hour or so to get the news out about it.
I will post the link here when it goes live.
This definitely needs word to get out.

hello @el, hope you don't mind, but this is important to ALL miners....please sign this petition to change the IRS ruling, thanks sbfree.

https://petitions.whitehouse.gov/petition/amend-irs-notice-2014-2taxing-virtual-currencybitcoin-property-stifles-new-technologycreates/z7WtKZGY

I can't help but wonder, if you sign this are you saying "hey, IRS, look at me and my taxes".

right.

if you clicked the link they already sent helicopters to you

I wondered what all the air traffic was all about.

[HellDiverUK]

Oddly, not everyone in the world gives a shit about the IRS.  There is life outside America's borders, and we do have stuff like electricity and computers.

[eleuthria]

Fee Update (3/31/14)

A modification to the pool fee has been applied effective as of any block found after #293429.  Going forward, the pool fee has been reduced from 3% to 2%.  This is to offset the removal of paid orphan blocks.  BTC Guild's historical orphan rate is slightly under 1%, so this doesn't have much effect on the effective fee of the pool.  This is being done for 2 reasons:

1) To make the pool fee comparable at a glance to other pools [I'm tired of pointing out that BTC Guild is an effectively lower fee due to paid orphans]
2) To complete the pool transition to where miners are paid only what they have mined, minus the pool service fee.


#2 is an extension of the removal of PPS, a part of that decision was related to the recent IRS tax ruling.  As pointed out earlier, BTC Guild's stance is that we are a service provider to miners.  We allow miners to work together to pool their resources, and for a fee, we make sure those miners are given their fair share of what they have contributed to.  In the spirit of that official stance, paying for orphaned blocks was something which didn't quite fit.  While my tax and legal counsel did not believe these actions were required, they do agree that these actions would help strengthen our position if it was ever brought into question.

[RoadStress]

Fee Update (3/31/14)

In the recent news i would like to know under what jurisdiction is the pool operating and under what circumstances will you release miners info to authorities?

[eleuthria]

Fee Update (3/31/14)

In the recent news i would like to know under what jurisdiction is the pool operating and under what circumstances will you release miners info to authorities?

The pool is in the United States.  If I'm given a warrant, I must comply.  If I'm given a subpoena asking for specific information, I will comply.  If what I'm provided with appears to be nothing more than fishing, I will request clarification/specifics before taking any action, but if legally required to do so, the information will be provided.

Not that any of this makes much difference, since the only miner information I can provide is what users provide to me, which is extremely limited.  If I'm asked what John Doe mined on BTC Guild, I cannot answer unless other information is given to identify which user was John Doe.

[BRADLEYPLOOF]

Fee Update (3/31/14)

In the recent news i would like to know under what jurisdiction is the pool operating and under what circumstances will you release miners info to authorities?

The pool is in the United States.  If I'm given a warrant, I must comply.  If I'm given a subpoena asking for specific information, I will comply.  If what I'm provided with appears to be nothing more than fishing, I will request clarification/specifics before taking any action, but if legally required to do so, the information will be provided.

Not that any of this makes much difference, since the only miner information I can provide is what users provide to me, which is extremely limited.  If I'm asked what John Doe mined on BTC Guild, I cannot answer unless other information is given to identify which user was John Doe.

Crap, gotta change my email address, user name, set up a new account through tor, change this username...nah, just kidding.  I'll pay my dues, but the IRS better have a bitcoin wallet...

[RoadStress]

Fee Update (3/31/14)

In the recent news i would like to know under what jurisdiction is the pool operating and under what circumstances will you release miners info to authorities?

The pool is in the United States.  If I'm given a warrant, I must comply.  If I'm given a subpoena asking for specific information, I will comply.  If what I'm provided with appears to be nothing more than fishing, I will request clarification/specifics before taking any action, but if legally required to do so, the information will be provided.

Not that any of this makes much difference, since the only miner information I can provide is what users provide to me, which is extremely limited.  If I'm asked what John Doe mined on BTC Guild, I cannot answer unless other information is given to identify which user was John Doe.

Thank you!

[AussieHash]

With the change if fee, has the crediting of blocks to the pool changed to 1 confirmation ?
I noticed that block 293443 was on blockchain.info for 6 minutes, but not listed by BTCGuild.