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After suffering a “hardware failure” last week that forced a shutdown, the Bitcoin-only poker site Seals With Clubs (SWC) announced today that the poker room will remain down for good.

posting on the website describes “operational security” as the reason behind the closure, citing several events that occurred on February 11 that indicate SWC “now operates in a perpetual state of jeopardy.” Precise details were not divulged, but may be forthcoming at a later date.

Q:All player funds and data remain intact and the issue was not software related,” said a posting intended for SWC’s loyal players. “We do not believe any of our Bitcoin wallets used in operations to be compromised or lost. However, this event has made the majority vote of the ownership and team agree that shutting down operations is the best move for safety and security purposes.”;

Players with account balances are urged to withdraw ASAP. There is no set time limit in which to do so.

 

SWC 2.0

Indications are that SWC Chairman Bryan Micon will re-open SWC from a new location – Antigua – without the current ownership team at his side. The new Bitcoin poker room also won’t operate under the sealswithclubs.eu domain, but instead at swcpoker.eu.

In fact, Micon’s Twitter account re-tweeted a posting from the new SwC Twitter account welcoming players to the new bitcoin poker 2.0, and extending a RIP to SealsWithClubs.

Bitcoin 2.0 refers to new software that the now shuttered Seals With Clubs was planning to unveil in coming weeks. That software was transferred in full to Micon, who apparently still steadfastly believes that the future of online poker includes Bitcoin.

 

Player traffic comparisons

Prior to shutting down last week, PokerScout reported that Seals With Clubs enjoyed a seven-day average of 85 cash players. Poker networks and sites operating on an intrastate platform in both Nevada and New Jersey have higher averages – in only one state.

WSOP.com in Nevada currently averages 160 ring game players. The networks of WSOP/888poker and Party Borgata in New Jersey average 220 and 160 cash players, respectively.

Bitcoin as a payment processing option has not yet been fully embraced in igaming circles. Rumors have circulated indicating that PokerStars may soon add the virtual currency to its cashier. Such an occurrence would provide a major boost to Bitcoin’s acceptance.

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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