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

[Soros Shorts]

What are the current plans for supporting BIP32 hierarchical deterministic wallets? With all the snooping of the blockchain going on this would be a good thing to have (in regards to payout).

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[eleuthria]

Sometimes I feel like Bitcoin's hashing/difficulty algorithm is actually a cruel joke.  256 minute block -> 325 minute block -> 9 minute -> 14 minute -> 13 minute -> 3 minute.

2 blocks took 9 hours followed by the pool getting 5 of the last 6 on the entire network.

[ak49er]

2 blocks took 9 hours followed by the pool getting 5 of the last 6 on the entire network.

Just came here to post this.  But I guess I'll complain about the shitty luck instead.

[Tammy Chan]

Sometimes I feel like Bitcoin's hashing/difficulty algorithm is actually a cruel joke.  256 minute block -> 325 minute block -> 9 minute -> 14 minute -> 13 minute -> 3 minute.

2 blocks took 9 hours followed by the pool getting 5 of the last 6 on the entire network.

It is a pain to see the pool 3M luck at 92.463%

[DPoS]

Sometimes I feel like Bitcoin's hashing/difficulty algorithm is actually a cruel joke.  256 minute block -> 325 minute block -> 9 minute -> 14 minute -> 13 minute -> 3 minute.

2 blocks took 9 hours followed by the pool getting 5 of the last 6 on the entire network.

maybe the cruel joke is *whatever* is affecting your pool and that good stretch was a hiccup/reset/reconfig of *whatever* is affecting your pool

maybe I am wearing a tinfoil hat but maybe you have blinders on..I don't know since I never ran a pool but it is obvious *something* has pulled a few cards out of your deck

 

[eleuthria]

Sometimes I feel like Bitcoin's hashing/difficulty algorithm is actually a cruel joke.  256 minute block -> 325 minute block -> 9 minute -> 14 minute -> 13 minute -> 3 minute.

2 blocks took 9 hours followed by the pool getting 5 of the last 6 on the entire network.

maybe the cruel joke is *whatever* is affecting your pool and that good stretch was a hiccup/reset/reconfig of *whatever* is affecting your pool

maybe I am wearing a tinfoil hat but maybe you have blinders on..I don't know since I never ran a pool but it is obvious *something* has pulled a few cards out of your deck

 

Oh, it's "obvious" something is happening?  The post was tongue in cheek.  EVERY POOL has stretches and then bursts like I posted above, and it's annoying for all of them.

If you want an idea of how far variance can swing:  BTC Guild found 11 blocks in a row across the network a few months ago.  That was with the pool only have ~25% of the entire network hash rate.

EDIT:  The blocks: 275644 - 275654.  11 blocks by BTC Guild in 1h 10m with 0 blocks from other pools in that time.

[Gyfts]

What type of hardware are you going to need to join this pool? Is there a minimum requirement of some sort?

[eleuthria]

What type of hardware are you going to need to join this pool? Is there a minimum requirement of some sort?

I wouldn't recommend mining to anybody that doesn't have ASICs.  The minimum withdrawal is 0.01 if you don't want to have a fee deducted from the payment for txfees.

[BRADLEYPLOOF]

What type of hardware are you going to need to join this pool? Is there a minimum requirement of some sort?

Best bet if you want a minimum payout in under 10 days is to get a few hundred GH/s.  I mean, I've got 10gh/s and make about .00050000 a day with current luck taken into account.  Plus difficulty keeps going up because more mining hardware keeps coming out.  To break even will mean buying something for cash, not bitcoin, having free electricity, and hoping the value of BTC keeps rising.  I'm actually trying to sell my 5 little AntMiner U1s, but can't get anybody to bite. 

So yeah, minimum requirements: >100gh/s for any kind of decent payout in a reasonable amount of time

If you've got a few hundred kh/s of scrypt mining with GPUs, point it to www.scryptguild.com.  Eleuthria runs that site too and it's awesome.

[eleuthria]

A link was given to me in IRC to "Crypto Fond", which is showing BTC Guild's logo under their partners, along with BFL, BTEr, Bitstamp, Virwox, and 50BTC.  They are likely a ponzi scheme.

BTC Guild (and myself) have nothing to do with them.  We are not partners.  Additionally, BTC Guild is not partnered *with anybody*.  BTC Guild does not engage in *any* activities other than acting as a mining pool.  We decline any attempt made to request an advertising or promotional deal with BTC Guild.  The closest thing to a partnership BTC Guild has done is the following:

1) Early BTC Guild (2011) recommended TradeHill over MtGox and used to provide a ticker which included a referral link.  This was removed after about a month and prior to TradeHill's closure because I did not feel comfortable promoting one exchange over another.
2) BTC Guild was one of the official resellers of ASICMINER hardware.  Orders were always made with ASICMINER prior to being sold, it was not a pre-order system (but did have a week or so of backorders on occasion between shipments).
3) "ScryptGuild" is not a partner, but in fact a spinoff of BTC Guild run by myself.  It is soon to be merging directly into BTC Guild to keep it all under one roof.

If you see any site claiming to be "partnered" with BTC Guild, please let me know.

[BrandonMcPherson]

What type of hardware are you going to need to join this pool? Is there a minimum requirement of some sort?

I put together a guide to entry level mining gear. [Link corrected] Prices have gone down in the weeks since I published (I'm going to update it tomorrow), but these are still the entry-level devices available on the market. There's a coupon for two U.S. retailers, too.

[fivejonnyfive]

What type of hardware are you going to need to join this pool? Is there a minimum requirement of some sort?

I put together a guide to entry level mining gear. Prices have gone down in the weeks since I published (I'm going to update it tomorrow), but these are still the entry-level devices available on the market. There's a coupon for two U.S. retailers, too.

That isn't even remotely a valid link 
Just FYI.

[BrandonMcPherson]

That isn't even remotely a valid link  
Just FYI.

Oops! Thanks.

Link corrected (and tested).

[RoadStress]

Pool down!

It's up again!

[eleuthria]

Pool down!

It's up again!

It was never down to begin with...

[MoreBloodWine]

Waiting for a confirmation   2014-05-01 03:54 AM

Where exactly does this "confirmation" come from ?

[eleuthria]

Waiting for a confirmation   2014-05-01 03:54 AM

Where exactly does this "confirmation" come from ?

When another block on the network confirms it.  That only shows up when BTC Guild just found a block and no new block on the network has built off it (IE:  We don't know if it's going to be orphaned or not yet).

[MoreBloodWine]

Waiting for a confirmation   2014-05-01 03:54 AM

Where exactly does this "confirmation" come from ?

When another block on the network confirms it.  That only shows up when BTC Guild just found a block and no new block on the network has built off it (IE:  We don't know if it's going to be orphaned or not yet).

Ahh, so when the next block is found / built off of it its a yay or nay to boot it off the island.

[eleuthria]

Waiting for a confirmation   2014-05-01 03:54 AM

Where exactly does this "confirmation" come from ?

When another block on the network confirms it.  That only shows up when BTC Guild just found a block and no new block on the network has built off it (IE:  We don't know if it's going to be orphaned or not yet).

Ahh, so when the next block is found / built off of it its a yay or nay to boot it off the island.

Yep.  The pool no longer pays for orphans, but it doesn't require a 100-120 confirmation wait.  The likelihood of a block getting orphaned after it is confirmed is extremely low, to the point it just doesn't seem worth delaying the application of rewards to wait for even more confirmations.

[MoreBloodWine]

Waiting for a confirmation   2014-05-01 03:54 AM

Where exactly does this "confirmation" come from ?

When another block on the network confirms it.  That only shows up when BTC Guild just found a block and no new block on the network has built off it (IE:  We don't know if it's going to be orphaned or not yet).

Ahh, so when the next block is found / built off of it its a yay or nay to boot it off the island.

Yep.  The pool no longer pays for orphans, but it doesn't require a 100-120 confirmation wait.  The likelihood of a block getting orphaned after it is confirmed is extremely low, to the point it just doesn't seem worth delaying the application of rewards to wait for even more confirmations.

I was actually sad to see this go.

In the past, oh lets say 6 months, how many orphans has BTCGuild seen ?