Please stop the confusion, it's been stated multiple times that for the time being, Eleuthria is NOT closing btcguild.
/locked
Topic: End of an Era (Read 4416 times)
Btcguild planning to shut down by January 31, 2015.
https://bitcointalksearch.org/topic/m.9395478
http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/
Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly.
https://bitcointalksearch.org/topic/m.9395478
http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/
Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly.
It is the end of an area in the Bitcoin mining landscape but it is comforting to know you are leaving ahead and paying everyone
https://bitcointalksearch.org/topic/m.9395478
Damn, i dont mine BTC anymore but i used to mine on that pool. shame to see them go realy...
btcguild is not closing down, it is official, as per the announcement on their website.
thanks jeremy!
btcguild is not closing down, it is official, as per the announcement on their website.
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
Some have huge margins so it would just mean they are not making much money out of their investment or suffering a small loss but most will keep mining hoping for a higher price in the future.
If the price stays relatively low mining farms will slow down investments and not replace hardware; there will be less new farms and they will be smaller
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.This has been stuck with me for a few days.
Is it due to the volatility, arbitrage market, that miners see an affect from fluctuations?
Large scale miners are affected because most of their inputs to mining (e.g. electricity, rent, cooling, staff, hardware) are priced in USD (in the USA). That means when it comes time to pay the electric bill, or staff wages, or rent, they may need to sell some BTC to do so. They may find they have less, or possibly no, BTC left over. Small scale home miners don't have the same constraints, but they may also decide not to subsidize their mining "hobby" forever.
i do not understand...
btcguild close or not???
hope someone can clarify
btcguild close or not???
hope someone can clarify
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.This has been stuck with me for a few days.
Is it due to the volatility, arbitrage market, that miners see an affect from fluctuations?
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
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.
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!!!
The rate coins are produced varies very little. That's the whole point of diff adjusting in response to the amount of mining.
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)
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.
it makes some effect for bitcoin prices or not if 1 of the big pool closed?
Quote
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!
Quote
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!
Good news....
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 itPlans 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.
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.
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.
Should have sold it when times were good. A little curious on why anyone want to buy the pool at times like this.
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 
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.
Thank you for the article link
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...
That's the way things are. Everything is impermanent. We just go round and round.
Sorry to see them go. Who'd have though anonymity would become an issue on the internet...
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.
Btcguild planning to shut down by January 31, 2015.
https://bitcointalksearch.org/topic/m.9395478
http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/
Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly.
https://bitcointalksearch.org/topic/m.9395478
http://www.reddit.com/r/Bitcoin/comments/2kwmhd/btcguild_shutting_down/
Wow, is it really the mining farms getting on the bitcoin economy? What started out as P2P now getting converted to B2C. Now, the regulations will come in place slowly.
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