BTC Guild – Bitcoin Wiki Btc guild bitcoin mining

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From Bitcoin Wiki

BTC Guild is a mining pool which offers proportional (PPLNS) based rewards, where your reward is equal to the block value, multiplied by your valid shares submitted during the round. The pool does not take a fee from each block solved, and calculates rewards to the full 8 decimal points supported by the Bitcoin protocol. The pool is run off the donations of users, and is offering premium services at different donation levels to encourage users to donate a small percentage of their rewards. Donations are taken from the individual user's reward when a block is calculated.

2.5% donators (calculated on a per block basis) are able to claim their rewards without waiting for 120 confirmations of the block. This also acts as invalid protection, similar to DeepBit, where a user can claim rewards even if the block is later invalidated/orphaned by the network.

The coinbase signature for this pool is: "Mined by BTC Guild"[1].

BTC Guild first opened up on May 9th, 2011.[2] It is currently for sale and a possible buyer has been found. There is a 90 day notice period. If the sale does not go through, another 90 day notice period will be announced. 30 days for the pool to stop operation and an additional 60 days for users to withdraw their mining proceeds[3].


  • 1 Closure
  • 2 See Also
  • 3 External Links
  • 4 References


On June 15th, 2015, it was announced[4] that BTC Guild will be shutting down on June 30th, 2015. Its operator - Eleuthria - cited concerns over low percentage of network hashrate vs funds in a hot wallet, the New York Bitlicense and possible but difficult to prove gaming of the pool by miners.

See Also

External Links


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Bitcoin and bitcoin mining BTCMine

UPDATE (16th June 16:00 BST): Following the publication of this article, a spokesperson for the New York State Department of Financial Services told CoinDesk "miners and mining pools are exempt from the BitLicense".

BTC Guild is set to close at the end of June, months after previously announcing that it would shut down its long-running bitcoin mining pool.

In its announcement, posted to Bitcoin Talk, owner Eleuthria cited the finalization of the BitLicense as a primary motivator for shutting down, stating that BTC Guild could not afford any legal threats that may arise as a result of the New York regulatory framework.

The pool announced last October that it was considering closure in the face of falling revenue and rising risks for both users and the pool itself. BTC Guild first floated the idea in July 2014, citing the then-incomplete BitLicense at the time.

Eleuthria noted that whether BTC Guild is based in New York "does not matter" and suggested that the pool could face significant legal liability regardless of its location because "the final regulations have enough gray area that BTC Guild is at risk".

The post explained:

"This fact makes it possible for New York to attempt to claim jurisdiction to enforce regulations. Whether or not BTC Guild could win in defense of such an attempt is irrelevant, since the cost of defending the pool would be greater than any income the pool is expected to generate going forward."

BTC Guild will cease operating after 30th June, with withdrawals available until 30th September.

The mining pool – a collective of miners who share their hashing power to compete for blocks as a group – has reduced its minimum withdrawal amount to 0.0001 BTC, with no transaction fees required to remove money from the platform.

BitLicense, fraud risk blamed

In addition to the BitLicense finalization, the gradual decline in size of the pool relative to its costs and liabilities was cited as a factor in the closure decision.

Eleuthria wrote:

"As mining has become more centralized, BTC Guild has continuously shrunk in proportion to the network, now being less than 3% of the network hash rate. The costs of running the pool have not changed, and the amount of funds at risk in the event of a compromise is significantly higher than what the pool could ever recover from."

The announcement pointed to the growing risk of fraud BTC Guild allegedly faces, with Eleuthria stating that "I have been growing concerned for some time now about attempts to defraud pools."

"When the pool was 20-30% of the network, the amount of funds at risk was slightly higher, but the ability for the pool to recover from that loss was present," Eleuthria wrote. "At 3% of the network, the pool would not be able to recover from such a loss."

Sale cancelled

In its last announcement, BTC Guild floated the possibility of a sale in order to continue operating. According to the latest post, any idea of a sale was abandoned due to the perceived risk of fraud, as well as "personal attachment" to the pool on the part of its staff.

"The risk of users being cheated or stolen from as a result of transferring pool ownership is not something I am willing to accept," Eleuthria wrote, reiterating that the decision to shut down is in part an effort to protect users from fraud.

Eleuthria went on to thank the community for its support of BTC Guild, which began operating in 2011, writing:

"Thank you to all the users and the Bitcoin community for making BTC Guild a success for the last four years. It has been hard to finally make this call a second time with the determination to not reverse the decision."

Closed shop sign image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected]

биткоин алгоритм шифрования.

Bitcoin (BTC) Mining Pool Hub I Home

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  • francis13 (70) - 2016-02-09 17:30:04

    This BTC Guild is not working anymore. I thought this is the one of the biggest mining pool but this month they closed

  • josecolasi (360) - 2016-01-27 15:40:21

    Simply amazing! very powerful site for miners! recommended for all ages. THUMBS UP FOR BTCGUILD! youre the best!

  • glennturner1971 (10) - 2014-09-29 17:42:28

    i complained about the pool luck being at zero and was told to "shut up or fuck off!!" are you kidding me!?!?! words do not convey the feelings i have towards btcguild at this time!!!!!!!!

    definitely will NEVER recommend them to anyone, EVER!!!!!!!!!

  • EZpwnage (380) - 2014-01-21 19:43:39

    One of the best Bitcoin mining pools on the Internet!

  • saraali786 (10) - 2013-12-30 23:01:51

    BTC Guild is a Bitcoin Mining Pool, and one of the oldest remaining Bitcoin pools. BTC Guild tries to provide a simple but clean interface, full of all the statistics that a savvy miner would want to see.

  • 1channelzblog (255) - 2013-12-26 08:27:38

    I think its the best pool they say gpu mining is fading out,but i use my ATI graphic card to mine ith the site and the result was so i recommend to anyone who wants to join a pool

  • AneXA (1370) - 2013-11-10 07:37:02

    User-friendly interface and one of the oldest mining pools.

  • uam (2530) - 2013-08-28 17:36:18

    Very reliable mining pool highly recommended.

  • shellc0de (2350) - 2013-08-28 15:37:36

    My current favorite mining pool. They pay exactly when you hit your payout minimum as opposed to other pools that pay on the hour.

  • nimanator (9975) - 2013-08-17 00:11:19

    The biggest mining pool currently!

hashflare como funciona. Mining Pool FAQ

Jun 16, 2015 ... BTC Guild is a mining pool which offers proportional (PPLNS) based rewards, where your reward is equal to the block value, multiplied by your valid shares submitted during the round. The pool does not take a fee from each block solved, and calculates rewards to the full 8 decimal points supported by the ...

Jun 16, 2015 ... BTC Guild is set to close at the end of June, months after previously announcing that it would shut down its long-running bitcoin mining pool. In its announcement, posted to Bitcoin Talk, owner Eleuthria cited the finalization of the BitLicense as a primary motivator for shutting down, stating that BTC Guild ...

Bitcoin Blocks found by BTC Guild Bitcoin Mining Pool.

Jun 16, 2015 ... BTC Guild will shut down its mining servers on June 30, 2015 at 23:59 UTC, the company announced on its website. Users will be able to log in and retrieve their history and request withdrawals until Sept. 30, 2015. The notice marks the second time BTC Guild has announced its closing, “but this time the ...

Dec 16, 2014 ... The stats outlined in this review may not apply to larger miners. We hacked our antminer S1's to mine nine pools concurrently, letting us run proportional power across a wide variety of mining pools. This review is part of our series of bitcoin mining pool reviews. Update: 6th January 2016 – BTC Guild ...

Nov 30, 2013 ... BTCGuild ile Bitcoin Mining Pool ile bitcoin ve Namecoin araması yapabilirsiniz.

December 2014 – Our full review of BTC Guild is here. So the other day, I shared my experience setting up 10ghs mining on using the Cloud exchange, but I have been using for about 6 months now, and thought I'd share my experience with them. I have a leased mining contract for 12ghs ...

Tradition & Trust. First Bitcoin mining pool in the world; Operating since December 2010; Over 1,000,000 BTC mined since December 2010; Long history of stable and accurate payouts ...

Jan 1, 2014 ... BTC Guild, one of the bigger mining pools, released a series of 4 blocks in quick succession today. Bitcoin difficulty is adjusted to achieve a block to be mined roughly every 10 minutes, whereas the blocks in this chain were released within a few minutes of each other. Since this is a relatively rare event, ...

Bitcoin is priced $8,177 at the time of press, a rise of around $478 dollars on the day so far but a better place than the $5,947 low from earlier this week. Ripple is now priced at $.077, with ethereum at $820. After the price collapse that took bitcoin down to the $5,000 mark this week, concerns have been raised around the profitability of mining bitcoin while electricity use is staggeringly high, and the
Wed, 7 Feb 2018 07:59:49

Bitcoin (CURRENCY:BTC) traded 12.3% lower against the dollar during the 1-day period ending at 15:00 PM ET on January 28th. Bitcoin has a market capitalization of $137.45 billion and $6.40 billion worth of Bitcoin was traded on exchanges in the last day. One Bitcoin coin can now be purchased for about $8,159.15 on major cryptocurrency exchanges including Livecoin, Coinfloor, CEX.IO and Tidex. In the last seven days, Bitcoin has traded 30.6% lower against
Sun, 4 Feb 2018 20:22:50

BUTTE - It's not your grandfather's form of mining, but a Bitcoin mining operation expected to set up in Butte will be doing a form of mining in the digital realm. "Although instead of physically digging in the ground, you're mathematically or computationally digging into this algorithm, this very complex formula. And if you're able to do that, by finding this solution number, then you get reward with a Bitcoin," said Science and
Fri, 2 Feb 2018 13:52:00

After defying everyone last year with an incredible rally, the bitcoin ( BTC) price has come under significant selling pressure this year. In fact, with the BTC price now at US$10,642 per coin according to Coin Market Cap, it has shed close to 24% of its value since the turn of the year and almost 47% of its value since hitting its peak in mid-December. The reason for this sell-off has
Wed, 24 Jan 2018 04:59:09

Whereas the process of actually mining the Bitcoins is a job of the hardware, Bitcoin mining software is essential to connect the miners to the mining pool as well as the blockchain. The software is what passes on the work to miners and gathers back the completed job. It also conveys this message to the pool and the blockchain. The mining software is designed to run on all operating systems, Linux, Windows, etc. The
Sun, 21 Jan 2018 17:24:32

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Comparison of mining pools - Bitcoin Wiki

Материал из Bitcoin Wiki

BTC Guild это майнинг пул.

Этот пул осуществляет выплату также с Pay-per-Share (PPS) or Pay-per-Last-N-Shares (PPLNS) системами наград.

Впервые сервис был доступен девятого мая, 2011 года.[1].

Распределение доходов[править]

  • Pay-per-Share: 5% гонорара.
  • Pay-per-Last-N-Shares: 3% гонорара.

См. также[править]

Майнинг в пулах


  1. BTC Guild - 0% Fee Mining Pool (Long polling, JSON API)
как перевести с вебмани на биткоин.

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