31 Oct '14, 9pm

Major Bitcoin mining pool BTC Guild 'likely being sold' after shutdown warning by @jordannovet http…

Major Bitcoin mining pool BTC Guild 'likely being sold' after shutdown warning by @jordannovet http…

BTC Guild , a popular Bitcoin mining pool, is announcing today that it could very well be sold, hours after founder Michael Marsee posted plans to close the organization early next year. For those not in the know, mining pools combine the processing power of many people’s computing infrastructure, all working together. Different pools have different methods of divvying up the Bitcoins that are awarded for successful mining. “[Mu]ltiple parties have expressed strong interest in purchasing BTC Guild and keeping it running,” Marsee wrote on the BTC Guild homepage. “As a result, the previously announced timeline for closure of operations has been cancelled, and the site will continue to operate normally.” Marsee originally gave miners a three-month warning in announcing plans to close the pool; he sought to shut it on Jan. 31, 2015. Marsee cited concerns about regulatory actio...

Full article: http://venturebeat.com/2014/10/31/major-bitcoin-mining-po...

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