Topic: [CLOSING DOWN] ScryptGuild Auto-Switching Pool - page 23. (Read 102281 times)

Yes, I'm sure it's related to the news that the pool won't be seeing a bunch of new coins pop up.

Just to be clear, the merge will not happen on short notice.  The current plan is once I have BTC Guild's frontend ready for allowing Scrypt coins as well as BTC, I will post a notice on ScryptGuild stating that the pool is now available on BTC Guild, and is recommended for all users.  At that point, I will give people one full month to clean out any remaining balances on ScryptGuild.  The ScryptGuild pool will still be operational during that time to give users time to move over.  The pool server (not the web server) will turn off one week before the site shuts down.

I'm expecting this will probably happen around May 1st - May 7th, meaning the site will remain available until June 1st - June 7th.  I'm pretty slow when it comes to website design, especially when I've been extremely happy with how BTC Guild's frontend has worked out.  I don't want the merger to disrupt/alter the interface for users that are not interested in it, so I have to be very careful with how/where the integration shows up.

Since we have to convert manually, what is a good exchange for LTC and Doge?  I've been using BTC-e but they don't do Doge.  Is Cryptsy good?

Yes, the Scrypt mining on BTC Guild will be the same.  You would point your miners at (example): scrypt.btcguild.com:3334.  By default it will automatically pick LTC or DOGE based on current profitability.  However, you will have a setting on your workers to switch between Auto, DOGE, and LTC just like you would on ScryptGuild.

One of Scryptguild's greatest features for me has been one URL for my miners and the ability to change coins with my workers. If I wanted to mine DOGE exclusively, I can just switch my workers over instead of changing every miner to a different port. Does anyone know of a pool that operates the same way? ...and, will the new scrypt capabilities at BTCGuild work the same way?

Eleuthria, been noticing the drop in hashrate over the last week is this due to the fact that you will not be updating much and merging?
I plan to keep my rigs pointed at scryptguild everything has been paying me out perfect.
Thanks for all your hard work.

I thought WDC was doing pretty well?  I seem to be getting plenty of payments for those, while I have had no LTC earnings for quite a while.

Meanwhile, LTC/DOGE are the most profitable Scrypt coins the *majority* of your time spent mining

After going over the options and looking at the effective profitability, I've finally come to a conclusion on the future of ScryptGuild.  As it currently exists, ScryptGuild will still be around for likely 1-2 more months.  Over that time period, I'm going to be working on BTC Guild and adding in Scrypt mining directly to BTC Guild instead of running them as two separate sites.

However, this eventual merger will NOT be a multicoin switching pool like ScryptGuild.  The sheer number of crappy coins out there, with hardforks every other week for one of them, and extremely slim (if any) profit margins over just straight LTC/DOGE mining is not worth it, and it's only getting worse as time goes on.


Once merged, BTC Guild's scrypt mining platform will only include DOGE and LTC.  Profit switching will be available between the two, but there will not be an auto-convert feature.  The one benefit to merging it directly into BTC Guild is significantly more awareness of the existence of a BTC Guild based scrypt pool.  I would expect the total scrypt hash rate to probably end up higher on BTC Guild than ScryptGuild has achieved, making LTC more reasonable to mine.

ScryptGuild was a project I put off for over a year, and unfortunately by the time I acted on it (mostly for a personal pet project), the profitability in multicoin switching was already sliding down drastically.  At this point it is not worth the time it would require to keep up with every shitcoin that launches/becomes profitable.  There are much better options for where to focus my efforts than a dying niche.



With all that said, I will say again:  ScryptGuild itself will still be around for at least 1-2 more months, with all features continuing to function normally.  Once I have the interface rigged up for BTC Guild to support the altcoins I will post additional news about the timeframe for ScryptGuild's closing.

Thank for the work over the past few months.

Can I withdraw any remaining balances straight to exchange wallets? Or do I need to download each coins qt wallet?

I'm looking forward to autoswitching between just Doge and LTC. This is subjective, but they appear to be the only altcoins worth mining, and having just two coins reduces wallet complexity to a manageable level. I don't mind doing the conversions to BTC myself (or keeping the coins, for that matter) when it's just two coins worth my while.

It seems like the best of both worlds between dedicated mining and autoswitching.

In fact, Eleuthria, feel free to accelerate your schedule.

I did read it, but was hoping others would mine to the end with me.

I hope you reconsider at least profit switching between LTC and Doge as well as the auto-convert to BTC.  I loved the current incarnation of ScyptGuild precisely because of the auto convert.