The NastyFans iOS Mobile App- - > NastyFans iOS Mobile Website < - -  This app gives NastyFans using iOS a convenient mobile interface displaying up to the minute statistics on NastyFans related operations. Features: • Bitcoin Price, Network & Difficulty Charts • NastyFans Statistics & Charts • NastyMining Hashrate/Holdings • NastyPool Hashrate/Users/Charts • NastyFans Coin Analyzer Available for free now in the App Store!Release History:01/22/14: NastyFans v1.0 02/11/14: NastyFans v1.01 02/19/14: NastyFans v1.02 03/13/14: NastyFans v1.1 03/28/14: NastyFans v1.1.1 04/20/14: NastyFans v1.1.2 07/17/14: NastyFans v1.2 07/24/14: NastyFans v1.2.1 08/03/14: NastyFans v1.2.2 12/25/14: NastyFans v1.3 01/31/15: NastyFans v 1.3.1 05/15/15: NastyFans v 2.0 05/25/15: NastyFans v 2.0.1 06/19/15: NastyFans v 2.0.2 06/29/15: NastyFans v 2.0.3 07/06/16: NastyFans v 2.1 11/29/16: NastyFans v 2.1.1 01/02/17: NastyFans v 2.2 01/09/17: NastyFans v 2.2.1
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I saw that No_2 included this coin in his official list of physical crypto coins thread.  Nasty Mining:2014 BTC – One troy ounce silver coin, 39mm diameter, 500 minted. Engraved public & private keys, tamper-evident security hologram with diffusing insert, entirely visible sequential public vanity addresses (all starting with 1Nasty). Each coin entitles the holder to 1 NastyFans share and receives its equivalent voting rights on NastyFans.org and mining operation pay-outs sent to the coin's address. NastyFans has issued 25,000 shares (referred to as seats). As of Jan 2014 each share receives the total amount of crypto mined in the mining operation (at 450GH) divided by 25,000 shares on a recurring weekly basis. This will soon be bumped up to 10THs plus 25MH/s of scrypt power to be added to the mining operation for shareholders. In addition to payouts from the mining operation shareholders also receive a top up from non affiliated users mining in the NastyFans altcoin mining pool where users are currently mining at 750GH/s. |
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I am on the Big Island of Hawaii and could help verify this piece of property being legit.
Being a native, your opinion on it's location and value would also be helpful, as I see it is quite a distance from the beach. |
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I think a $600-$4,000 trading range isn't an unreasonable prediction.
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I saw that No_2 included our coin in his list of physical crypto coins thread. Nasty Mining:2014BTC – One troy ounce silver coin, 39mm diameter, 500 minted. Engraved public & private keys, tamper-evident security hologram with diffusing insert, entirely visible sequential public vanity addresses (all starting with 1Nasty). Each coin entitles the holder to 1 NastyFans share and receives its equivalent voting rights on NastyFans.org and mining operation pay-outs sent to the coin's address. NastyFans has issued 25,000 shares (referred to as seats). As of Jan 2014 each share receives the total amount of crypto mined in the mining operation (at 450GH) divided by 25,000 shares on a recurring weekly basis. This will soon be bumped up to 10THs plus 25MH/s of scrypt power to be added to the mining operation for shareholders. In addition to payouts from the mining operation shareholders also receive a top up from non affiliated users mining in the NastyFans altcoin mining pool where users are currently mining at 750GH/s. |
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Nasty Mining:2014BTC – One troy ounce silver coin, 39mm diameter, 500 minted. Engraved public & private keys, tamper-evident security hologram with diffusing insert, entirely visible sequential public vanity addresses (all starting with 1Nasty). Each coin entitles the holder to 1 NastyFans share and receives its equivalent voting rights on NastyFans.org and mining operation pay-outs sent to the coin's address. NastyFans has issued 25,000 shares (referred to as seats). As of Jan 2014 each share receives the total amount of crypto mined in the mining operation (at 450GH) divided by 25,000 shares on a recurring weekly basis. This will soon be bumped up to 10THs plus 25MH/s of scrypt power to be added to the mining operation for shareholders. In addition to payouts from the mining operation shareholders also receive a top up from non affiliated users mining in the NastyFans altcoin mining pool where users are currently mining at 750GH/s. Thank you for this! |
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Edit: BTW I do not expect difficulty to double every month which is what would be required for these to become unprofitable in three months.
I thought the same thing 12 months ago. History so far has proven us wrong. Difficulty *will* double every month until the most efficient ASIC that is possible to create is only marginally profitable. That might be gen 2 or gen 3, or gen 10, who knows, but it will happen, meanwhile our singles will be obsolete in June. (making less bitcoins than what it costs to mine in electricity) tl;dr Efficiency will determine who will win the long term Bitcoin mining game. I don't disagree completely with your thinking, but the fact remains that it is impossible to predict profitability without knowing the price. Since the price is an unknown, any mining arrangement would be a gamble and should be done for reasons that make sense. For example, you have free power, you want to bet on further price increases, you want the heat, you want to help Nasty Mining, you think mining is fun, you want my trust, you want to be an acknowledged contributing member to NastyFans, etc... I also think that the price increase in BTC contributed a lot to the increased mining popularity. Assuming that price will stagnate and mining will continue to grow at the same rate could be a mistake. |
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What about shipping?
What percentage split are we talking about?
These are the kinds of things that I'm looking to gather input on. Keep in mind this is probably a month away from materializing, as I will not disconnect any miners unless I'm plugging in something more powerful at the same time. Besides the shipping costs and the % split, the length of commitment, who supplies the PSU, & what happens once the deal has expired would also have to be defined. Successful completion of the deal would also earn some trust from me, which I don't hand out easily on the forum. They do seem to be worth a fair amount (active auction with 10 bids, high bid $1375): http://www.ebay.com/itm/BUTTERFLY-LABS-60GH-s-BFL-Single-ASIC-Bitcoin-Miner-IN-HAND-/231139562777Edit: BTW I do not expect difficulty to double every month which is what would be required for these to become unprofitable in three months. In fact difficulty increases have been running closer to 60% for the past few months. Yes TH+ rigs are coming but most of the manufacturers probably premine with their gear so if they were going to ship soon we would already see that hash rate on the network (in fact we probably do). In another month when we are looking to sell, I don't think pricing will be as favorable for these devices. I also don't want to hassle with eBay or support paypal. I don't think it is entirely unreasonable to think we could find a few fans with free or unusually cheap power, a bullish Bitcoiner without funds to invest in a miner, someone who wants a space heater, or someone who just wants to help out the organization. With the price of Bitcoin being a huge variable in the equation, even what looks to be unprofitable now could end up making you quite a bit of money if the rate continues to rise. In any event, I personally would love to see our hashrate grow and if we can find a way to hang on and keep mining with our old equipment, I'm all for it. I will brainstorm a bit on ways we could reward those that are willing to host a device on our behalf. |
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I have no interest in donating electricity to the fan club. I guess I'm the only one crazy enough for that. |
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My decision to host would depend on the terms of the deal.
What would you consider to be fair terms? I spent some time this morning looking at the numbers for profitability on a BFL single over the next 12 months. It's not looking good. When I account for electricity, shipping cost, plus some maintenance hassle factor, fan hosting will become uneconomical to the NastyFans fan club in about 3 months. I've come to the conclusion that the only way this device can remain profitable beyond around April 2014 would be if the difficulty levels off. With terahash units shipping on the horizon, I do not see this happening. Perhaps mining an alt would prove useful (ppcoin?). Personally, I think the best bet for the fan club would be to unload these units for 1.5BTC a piece, if you can find a buyer. Maybe you can find an ebay sucker apprentice who wants to cut their teeth in the crypto-currency mining space. With that being said, if the fan club decides to take the risk of fan-hosting on some singles, I can offer to host a Single for 0.2BTC upfront for 6 months to cover electricity & maintenance. No guarantee of uptime. You cover shipping to Canada. You supply the pool details. After 6 months, we can reevaluate what to do with the units. This is the best I can do; maybe someone else has a better deal for the fan club. I can easily see these units becoming entirely unprofitable by June. We definitely wouldn't pay anything for hosting. It would have to be a revenue sharing deal where the host got a % of the mined coins. I also don't think we could get 1.5 BTC each for them. In fact, I don't think we could get 1 BTC for them if we were selling today. Ideally, I guess we'd be looking for folks with free electricity or living somewhere cold that could use the heat. |
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My decision to host would depend on the terms of the deal.
What would you consider to be fair terms? |
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With our next-gen miners a month or so away, I'm beginning to think about what to do with our current miners. I'm open to ideas. Some things I've considered are having fans host them either for a certain period of time on a mine to own basis or splitting a % of the mined coins. We could also just sell them outright or have a lottery fundraiser of some kind. Any thoughts on the subject are welcome.
You got me interested Is there a list of currently owned gear? The mine to own or splitting % looks like a nice option. The miners are 60GH/s BFL Singles and I would send no more than 1 per fan. Certain requirements would also have to be met if we were to go that route. |
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With our next-gen miners a month or so away, I'm beginning to think about what to do with our current miners. I'm open to ideas. Some things I've considered are having fans host them either for a certain period of time on a mine to own basis or splitting a % of the mined coins. We could also just sell them outright or have a lottery fundraiser of some kind. Any thoughts on the subject are welcome.
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Thanks for organizing this coin project for the NASTYFANS!
You're welcome. All domestic and international orders up to this point have now been shipped. My apologies for the delay with regards to international deliveries. |
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Are the rates decent ?
0% fee Bitcoin mining. Spread the network. Mine decentralized. |
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... we can sell/auction off the remaining assets and distribute them proportionally based on a list prior to TF transfers.
Sounds good to me. Sounds good to me as well. Would be nice to recover some funds for my 31 shares to the 1Nasty address. |
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John K doesnt work anymore, He scammed people. Just letting you know.
I'd like to hear the details of this IIRC he is MIA, Just seam to have disappeared. I can provide escrow if necessary. |
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I received an update from Alpha Technology that they are expecting to ship our scrypt miner by the end of Q2. I also read that BFL is predicting their liquid cooled miners to experience as much as a 50% increase in hashrate over what was stated, with deliveries expected to begin at the end of next month. CoinTerra is expecting to ship our miner at the end of next month as well. Exciting times are once again on the horizon.
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