We're also interested in receiving any feedback on the site with regards to items missing or needing improvement from any area of the pool. We have a full time developer actively working on the site so any additional features or must haves, please let us know.

--Perry (aka NeonRonin)
perry.lucas@bitcoinalchemy.com

Hi Everyone -

We are officially announcing our website and open beta today of our profit switching scrypt mining pool. We offer miners the option to take payouts in Bitcoin, Bullion, or any combination of the two with website registration, or you can anonymous mine. Mining pool fees are currently set to 1%.

We have BTC, X11, X13, NScrypt pools in development that should be ready by next month (October '14). We are also in the process of reworking our information dashboard to include more statistics (BTC per megahash, Exchanged, Unexchanged, Sent, etc)

We're just not another mining pool though, as we have a full Bullion store that sells and buys gold, silver, platinum and palladium.  See a better price elsewhere or a product not listed?  Let us know and we'll beat the price or add the product. Bullion shipments are currently limited to US addresses - International shipping, where allowed, is being sorted out by the lawyers.

We also have a cryptocurrency asset management tool that is currently in very early alpha, that will assist with outlining income tax laws and liabilities.

Bitcoin Alchemy is a registered LLC in the state of Nevada and a Silver Bitcoin Foundation member. 5% of profits are donated to charity and will help be determined by input from the community.

Youtube Introduction Video: https://www.youtube.com/watch?v=UpkfiREhfF4

Pool Features
* Multiple Miner Classes
- Anonymous
- Profit Sharing
- Bullion Miners
* 1% Pool Fee as we continue to develop features for all mining classes.
* Vardiff
* Separated infrastructure with multi-layer security
* Stratum
* Profit Switching
- Multi-exchange support in development
* Point Awards for Profit Sharing Miners
* Round based PPLNS strategy for fair payouts.
* Empty round shares are rolled into the next round so a share is never wasted.
* Loyalty Points for Mining (Redeemable for Bullion or Bitcoin)



Our launch is also coinciding with our Indiegogo campaign launch.  As you can tell we have a lot going on and myself and my partners have been funding everything ourselves to date on our own.  Our goal is to have our mining pools pay for our continued development but until we get to that point were looking for funding support for our development and marketing.  Check out our campaign: 


Sincerely,
Perry J. Lucas
CEO Bitcoin Alchemy, LLC
perry.lucas@bitcoinalchemy.com

The article does not take into account other activities that have taken place the last few weeks such as Mt.Gox stopping all withdrawals that triggered a panic nor does it take into account governments like Russia stating that Russian companies should not use or accept virtual currencies.  There's been a LOT of negative press lately, and it is a very dynamic environment with a lot of variables.  Just attributing a lack of increase in value because Overstock started accepting bitcoin is like saying the ruble is going to increase because Overstock starts accepting it.  It doesn't (and shouldn't) happen.

The question is which way is it inaccurate, too much or too little  

(One can hope...)

Yes, you are right, but without going down the rat hole, it is unlikely that AG would do anything without guidance at the federal level and likely be FINCEN and also a Internet Crime Complaint Center (IC3).  This is why you go to a lawyer as your first step and gather any evidence and submit an online or telephone report. After the initial report is filed, you will then be asked to provide evidence which usually takes several days to weeks and would happen well before having the opportunity to meet an AG.  And you ALWAYS want a lawyer present, as you can and likely will, incriminate yourself in some fashion.

This thread is funny.  If you suspected Fraud from this company, your first step would be to file a criminal complaint with the police that would investigate and then refer the case to onward.  Alternatively, you would contact a lawyer to advise you on your next steps and actions.  If you truly had 63 BTC "lost" on Cryptsy, you could afford such an attorney.  You would not directly take your case or complaint to the Attorney General (assistant or otherwise).  Furthermore, even if you were able file such a complaint, kudos' to Cryptsy and Florida for you being able to do so.  Have you tried doing such things with BTC-E, MCXnow, or others?  Cryptsy posts their office information and ownership directly on the website.  Doesn't seem like such a scam, or if it is, it's a really good one that seems to be costing them more than it is earning.

Secondly, Cryptsy seems to be keeping everyone in the loop with what is going on.  I get tweets almost every day of what is happening and the issues that are being experienced, including the huge backlog of support requests that they are getting.  It's not like they are being oblivious to them or not responding.  You can't say the same about some other exchanges.

Finally, this is the wild west at the moment in time for Cryptocurrency.  Companies and sites supporting Cryptocurrencies are going through explosive and unprecedented growth.  You have to EXPECT these type of issues and make your own personal safeguards and judgments.  If you can't stomach the loss you should not be in this market at this time.  I've had minor losses (MCXFees) and huge gains on minimal investments (MasterCoin.org).  I wish I had invested more on my successes but I took the risk that I could stomach to lose and/or gain from it.  You should be treating the Exchanges the same way, Cryptsy or otherwise.

--Perry
aka NeonRonin

PS - I have no official affiliation with Cryptsy, though I do have a vested interest.

Which email address do we transfer the shares to?

Everything I have read says the 7950s are still the best price / power / performance.  That being said, they're next to impossible to find at decent prices and even the couple I have had to RMA to Gigabyte recently are coming back as 7970's now.

I'd recommend approaching a partner at a Big 4 firm (PwC, EY, KPMG, Deloitte).  They can provide insight to international accounting, tax laws, and have partners worldwide that have global insight and political connections.  (As a matter of full disclosure, I work for EY in the IT department and not on the business side)

Katten Muchin is the law firm that assisted the Winklevoss twins with their Bitcoin ETF and understand the US laws and regulations with Virtual Currency.  Maybe another worthwhile approach.

Linkedin also has http://nonprofits.linkedin.com/ that can be used for finding board members.

Thanks for the very handy script.  It works in Chrome too with TamperMonkey.

You'll still get paid, it catches up eventually.

Yeah, unfortunately with a few hundred dollars anyone can have a news release appear on those sites.  The source is marketers media.  Just a pump and dump coin now.

I would definitely agree with that.  I've tried doing my own profitability mining with CGWatcher and running on different multipools, but this has been by far the easiest and most profitable.  h2odysee really takes all the work out out of it.  You'll also find that LTC won't be the most profitable at some point and manually trying to figure out what the next, reliable one is, is a PITA having to find, set up the new walllet or pool if not solo mining, and then doing all the exchange hassle.  It all goes in waves, and this pool definitely helps smooth it out.

Just in time for Chanukah / Christmas...

You may as well just list all the coins at the point, everyone keeps asking if this or that coin is in the mix every 10 messages or so.  Probably compile a pretty substantial list of the coins in the rotation at this point.

'The greatest trick the devil ever played was convincing the world that he did not exist.'  -- Charles Baudelaire

Temporary (real) or not, no one will ever trust MCXNow as a legitimate exchange again.  He just did a nuclear bomb to his credibility, which was already in question.  Thankfully, I never put more than I could afford to lose there for this very reason and questioned his whole long term lack of redundancy and his resistance to want to pursue fiat since it would have required him to register for legitimate business licenses and regulatory oversight.  Something he could have easily pursued and paid for with the funds that were raised for the fee shares.

Well played scamming the BTC.

So some unsolicited feedback about the pool.

I've used other multi pools, did my own profitability switching via CGWatcher, and just speculation mining of coins and I have to say I've had a steadier and higher income using middlecoin than any other previous method.  The only complaint I can really make about the pool is the slightly higher pool fee over others but it's like complaining about the color of a Maserati.

--NeonRonin
aka 1G5DJfMTsXzExtLs4HvxS7XFtED4tGHELn

I just wanted to post and reiterated a warning to everyone regarding the safety and storage of their wallets.  The other day, I had to reformat my drive, but in a spectacularly idiotic move on my part, I failed to backup the bitcoin wallet before I did so.  Thankfully no BTC were lost, since I do not store coins in my PC wallet for this very reason.  However, I failed to remember that I had purchased a small amount of Mastercoin with that wallet address (1Fi4UdfU7Bw9CdX85K2rtzMoZuESvDPNS7) which are now forever a memory unless by some miracle I can find a backup I had thought I had made.

Thankfully all is not lost since I had purchased mastercoins on my web wallet as well, but it certainly does sting quite a bit...

Perry
aka Neonronin

Just wanted to put a quick review up there that I had a positive experience purchasing Splinter Cell Blacklist this afternoon and receiving the gift code.  Due to the exchange differences, it actually ended up being a few USD cheaper for me to buy with BTC than directly from Steam with USD.  Total transaction time took about 1.5 hours.