Archive for the ‘Crypto News’ Category


After quite some time with pretty stable, but low prices the exchange rate of BTC and LTC seems to be climbing up to more attractive levels for both miners and traders. Bitcoin has stabilized at the $250 USD level and Litecoin has reached the $3 USD level, but aside from the question what has caused the resent spikes in price there is another important question – will the prices get back to their previous levels, stabilize at their new levels or continue to rise. This is actually the hard part to predict, but the good thing is that there is finally some action going on on the market and better prices can also help the bit stagnant home mining segment… that is if they keep at a high level or continue to rise. This is especially important for small scale mining operations that are having hard time remaining profitable and with a ROI time in foreseeable future. So let us see what is going to happen in the following few days…


It seems that one of the earlier large Bitcoin mining pools that was trusted by many home miners over the last few years is going to be closing down at the end of this month. BTC Guild will be shutting down its mining servers on June 30th, 2015 at 23:59 UTC. Users will still be able to log in and retrieve their history and request withdrawals until September 30, 2015. According to Eleuthria, the pool operator, the main reason for making this decision was one one side the high costs for operating the pool as well as the recently finalized NYDFS BitLicense regulations that can put BTC Guild at risk. The pool will be closing down for sure and it is not going to be available for sale to another operator due to concern over user privacy and security.

This is sad new for many people that have used BTC Guild over the years and still continue to mine at their favorite and trustworthy pool. Unfortunately with more and more mining power getting focused in large industrial mining farms mostly in Asia things are not going to get better for other pools such as BTC Guild where mostly small home-based miners gather. This is also the reason while the percentage of the Bitcoin network total hashrate in pools like BTC Guild (only about 3% currently) has been steadily decreasing. In its prime time BTC Guild has managed to reach about 40% of the total network hashrate back in 2013, but now things are looking quite different and unfortunately not much in faour for the small home miners.


The online Bitcoin exchange Kraken has just introduced a new feature called Dark Pool that allows clients to discreetly place large Bitcoin orders and execute against similar sized orders at potentially better prices. The Kraken dark pool is an order book not visible to the rest of the market. Each trader only knows their own orders. Traders can anonymously place large buy or sell orders without revealing their interest to other traders. Typically, outsized orders, when seen by other traders will cause the market to move unfavorably, making it more difficult to fill the order at the desired price. This unfavorable price movement may be avoided in a dark pool.

Kraken will charge an extra 0.1% for dark orders. Dark pool trading is available to all Kraken clients with accounts verified to Tier 2 or higher. The minimum dark order size is 50 Bitcoins and only limit orders are supported. The dark pool will accept orders for trading between Bitcoins and EUR, USD, JPY or GBP. Dark pool pairings are designated by a “.d” extension (e.g. XBT/EUR.d or XBT/USD.d).