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Slark
Legendary
 Offline
Activity: 1862
Merit: 1004
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November 01, 2014, 02:31:07 AM |
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Nothing lasts forever. We just need to adjust in the best possible way to the new opportunities. But I would like thank US government - great job with all those online regulations. We need more laws and taxes after all.
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mm5aes
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November 01, 2014, 01:47:20 PM |
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Sorry to see them go. Who'd have though anonymity would become an issue on the internet...
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LiberyOrDeath
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November 01, 2014, 01:51:52 PM |
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That's the way things are. Everything is impermanent. We just go round and round.
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PenAndPaper
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November 01, 2014, 01:56:58 PM |
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What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly.
Pools are about centralizing mining power anyway... Even descent and honest pools like BTCguild... Fortunately there is p2pool and it's up to the individual miners to decide if they want to use it or not... |
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_Miracle
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November 02, 2014, 01:51:07 AM |
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Thank you for the article link
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There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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guitarplinker
Legendary
Offline
Activity: 1694
Merit: 1024
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November 02, 2014, 03:53:06 AM |
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I've heard that chances are it won't close. Sounds like there are a few people interested in purchasing it. Otherwise it would sure be disappointing to see BTC Guild go.  |
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FattyMcButterpants
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November 02, 2014, 09:04:40 AM |
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I've heard that chances are it won't close. Sounds like there are a few people interested in purchasing it. Otherwise it would sure be disappointing to see BTC Guild go. The owner of BTCguild has said that he is in talks to have the pool sold and for him to stick around to help with the pool for a number of years. If the talks end up falling through he is going to restart the process of closing the pool and will not consider selling it |
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arbitrage001
Legendary
Offline
Activity: 1067
Merit: 1000
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November 03, 2014, 08:23:06 AM |
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Should have sold it when times were good. A little curious on why anyone want to buy the pool at times like this.
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
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November 03, 2014, 08:37:32 AM |
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Well, they might be seeing something, we are missing.  These guys make long term predictions, based on stats they have now, and if projections look bad and margins thin, it might be better to climb out, whilst everything are on the up and up. |
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eleuthria
Legendary
Offline
Activity: 1750
Merit: 1007
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November 03, 2014, 08:43:47 AM |
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I've heard that chances are it won't close. Sounds like there are a few people interested in purchasing it. Otherwise it would sure be disappointing to see BTC Guild go. The owner of BTCguild has said that he is in talks to have the pool sold and for him to stick around to help with the pool for a number of years. If the talks end up falling through he is going to restart the process of closing the pool and will not consider selling it Plans changed after a long weekend of discussions with both potential buyers, long time users, and even other pool owners. The pool is no longer closing, it is not being outright sold. What is being considered is moving the pool out of the country, and possibly taking on an overseas partner in order to help the pool survive whatever regulation is applied in the US. At the very least it will open more opportunities on that front. Other changes are being made internally to lower the funds-at-risk in the event of a successful compromise. |
RIP BTC Guild, April 2011 - June 2015
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mm5aes
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November 03, 2014, 08:51:11 AM |
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Good news....
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Gator-hex
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November 06, 2014, 02:30:39 PM |
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3) Users will have until 11:59 PM (PST) on January 31, 2015 to withdraw any remaining balances on their account. Why should you have to login to withdraw, just settle what's owed, by send it to the registered BTC address on account before you close! Your IP has been banned for too many failed login attempts or registration attempts. I'm having trouble logging in, LOL, praying to the BTC support gods now! Shouldn't be much in there, I pay myself daily to avoid such issues!  |
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coiners99
Newbie
Offline
Activity: 42
Merit: 0
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November 06, 2014, 03:16:12 PM |
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it makes some effect for bitcoin prices or not if 1 of the big pool closed?
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-ck
Legendary
Offline
Activity: 4088
Merit: 1631
Ruu \o/
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November 06, 2014, 11:47:53 PM |
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it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining. |
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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JLynn171
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November 08, 2014, 11:50:47 AM |
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it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining. I always thought the price of bitcoin wass like any other product that is on the market, supply and demand... since so many new coins are introduced into the market each day there has to be someone out there willing to buy those coins at a given value, if they are not being sold the price drops if people are wanting more than what is out there the price rises (or atleast that is the way i assumed it worked) |
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-ck
Legendary
Offline
Activity: 4088
Merit: 1631
Ruu \o/
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November 08, 2014, 01:29:26 PM |
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The rate coins are produced varies very little. That's the whole point of diff adjusting in response to the amount of mining.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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VulgusMan
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November 10, 2014, 09:16:19 AM |
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it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining. sure,.... just check the difficulty graph when the btc price is rising!!! |
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zetaray
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November 10, 2014, 10:09:00 AM |
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BTC Guild is not closing anymore. OP can lock this topic. Even if it were to close, it is not the end of an era, it's just miners' preference on pools.
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Seketsuna
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November 11, 2014, 01:47:44 PM |
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it makes some effect for bitcoin prices or not if 1 of the big pool closed?
No. Mining is affected directly by the price of bitcoin. The price of bitcoin is not directly affected by mining. yup, if the bitcoins drops again most miners would be forced to close |
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