The BTC Guild Bitcoin Mining Pool is Closing Down on June 30th

16 Jun
2015

btc-guild-closing-down

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.

CryptoCircuits (CIRC) POS Alternative Cryptocoin

15 Jun
2015

circuits-logo

CryptoCircuits (CIRC) is dedicated to building a community across the crypto landscape, connecting crypto people and coin communities through our advanced Circuits trading wallet environment. The CryptoCircuits wallet provides a welcoming meeting place for everyone who has crypto as part of their daily lives. Social features of the Circuits wallet include chatrooms, tipping, and encrypted private video chatting. A special chill out lounge panel includes crypto video channels, and the Crypto After Dark 24 /7 in-wallet radio stream, featuring guests and guest hosts from across the crypto landscape.

The social features of Circuits are complemented by a sophisticated crypto toolbox that includes in-wallet charting, trading hubs, live crypto news feeds, and trading bot functionality for advanced users. On the tech side CryptoCircuits represents a major leap forward in crypto technology. Circuits features the most advanced DPOS 2 iteration engineered so far in crypto, and has allowed us to build a number of advanced staking functions and features into the Circuits wallet.

Website:
– http://www.cryptocircuits.com/

Block Explorer:
– https://chainz.cryptoid.info/circ/

Coin Specifications

  • ICO Distribution with DPOS 2.0
  • Initial Supply: 2,718,281 CIRC
  • Coin Burn: 688,118
  • New Total Supply: 2,030,143 (Before POS)
  • Distribution Method: Equal Public Crowdfunding
  • Distribution Rate: 0.00005500 Satoshi per CIRC
  • Mechanism: vDPOS using POS 2.0 Security
  • Min Stake Age: 8 hours
  • Annual POS Rate: 5%

Wallet:
– Windows

Source Code:
– at GitHub

Mining Pools:
No mining pools available, the coin was distributed via ICO and is now PoS only.

Coin Exchanges:
– Bleutrade

Bter Investment Plan With 10% Yearly Interest Rate

15 Jun
2015

bter-investment-plan

The Asian crypto currency exchange Bter has made available to its users an Investment Plan opportunity, in partnership with the JUA, giving users 10% yearly interest rate for Bitcoins held in their accounts. You need to enroll into the Investment plan to have the BTC in your account bring you interest rate and the good thing is that your coins do not get locked up, you can still trade with them or withdraw them at any time. The interest rate is being paid on a daily basis, depending on the balance you have available with the current early interest rate at 10.52%. Bter is able to offer this in partnership with JUA, a large scale mining farm operator, as apparently the funds are used as investment in JUA’s farms and the interest is provided by the mined coins. It is pretty much the same principle used by the HaoBTC online wallet service, but here you get paid a slightly higher interest rate on a daily basis and you can use the coins to trade in the exchange making some more extra profit.

– To check out Bter’s Investment Plan with 10% yearly Interest Rate on your BTC balance…

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