Just wanted to say that this is true and I have offered to manage this fund as opposed to it closing.  I have been a fan of this fund since the beginning and do not want to see it close.  

First thing is first...  This fund holds shares of NastyFans, which I am a large part of.  This is an obvious conflict of interests, but one that I will manage well and remain open to criticism from those of you willing to remain onboard with this fund.

As far as my thoughts on how I would manage this fund...  I think Carnth did an excellent job selecting assets from trustworthy members.  I have no plans to change this fund into a yield chaser, or invest in assets offered by those who have not proven themselves to the community.  One thing I will change is that I believe there is plenty of demand for this fund, but rarely good entry points (Carnth touched on this by saying he does not have the time to manage this fund as it should be).  I think shares need to be listed for sale and adjusted regularly to account for the NAV.  I also plan to have the MININGCO.ETF thread show you all the info you need to know with automatically updating statistics showing our exact number of holdings and the fund's NAV.  This will be similar to the way I list holdings in the NASTY MINING thread.

I think there are currently lots of opportunities available for a fund like this to take advantage of, and I would look forward to the challenge of exploiting those opportunities for the profit of the fund.

If you have any comments, good or bad about me managing this fund, please feel free to share.



An indebted American is not an accurate description of me.  While NASTY MINING is in debt as you say, our 5.8TH/s will quickly erase that debt and continue to return profits to NastyFans as I have done for well over a year.  This fund would never take on any debts of any kind, so I think that observation is moot.  I have no problems at all with regards to more candidates and if you can find someone trustworthy with more experience managing assets than I have, I urge you to ask them to offer their services on this thread.

Congrats to NastyFans for receiving their 500th BTC donation today!

A few updates... 

NASTY POOL - nonnakip has made tremendous progress getting our P2Pool node integrated with nastyfans.org.  In the meantime, we are currently seeing just under 80GH/s on our pool which is now generating 2.1% in fee donations for NastyFans.  I expect to see our pool hashrate climb as more and more NastyFans discover it and unique features are implemented.  If you would like to mine with us prior to the pool being integrated with nastyfans.org, you can by pointing your miner to nastyfans.org:9332 and using your BTC address as your username.

NASTY MINING - This will be the first full week of us mining with all of our 65nm ASICs.  As we await our 28nm ASICs, we're in somewhat of a holding pattern while we repay loans.  I have looked into ordering some other products, but I think that going forward, power consumption and profitability will be extremely important.  I think we need to hold off for now while we await our 28nm ASICs and get ourselves back to being debt free.  I will continue to expand our holding portfolio and look for alternative donation sources as it is a shame we will be losing the 1% of donations received by Carnth's BTCT fund now that the exchange is closing.

SILVER COINS - I have been selling 1g NastyFans 2013 Collector's coins as a fundraiser for NastyFans.  So far we have raised BTC2.02 and I will continue to let this fundraiser run until the end of the year, when I will make the donation.  I have had a new year 2014 1g coin designed that features the new Nasty Pool and I plan to run another fundraiser using these coins for 2014.  I am also working on a 1oz coin that I think will be unique and exciting.  I will have more details on that fundraiser in the coming weeks.

GPU MINING - I have had a hell of a time stabilizing our GPU miner and have decided to focus it solely on LTC mining for now.  I've traded our NVC for LTC and we are now scrypt mining LTC stable at 2MH/s with cool temperatures. 

Interesting indeed.  Although that doesn't come with a power supply.  I wonder what BFL did with all of their trade-in units.

To me diamonds are paperweights, but I doubt anyone will be giving me them at paperweight prices anytime soon.  I've never seen one of these sell for less than BTC4.  What is the cheapest one has ever sold for?

I have one I'd part ways with for BTC4.  Not really looking to sell, but that's what I'd take.

Trusted BITCOIN Escrow Service:

I am providing escrow services for a 1% gift (0.002 BTC minimum) and am opening this thread for feedback on my services.  Feel free to PM me to setup any escrow arrangements.  

I will also provide USDT escrow services in exchange for a gift of $50 (TRC20) or $100 (ERC20) + 1% of the total.  Additional 1% gift for >$10,000 escrows.

*I will escrow altcoins for double the gift amount.
**I will take delivery of goods and reship for a 0.005 BTC minimum gift.


RULES:
1. I will not escrow accounts, paypal, or gift cards.
2. I will not refund a Bitcoin address that is not the sending address without a signed message from the sending address or prior agreement.
3. I am not a bank.  Escrows are for a period of 30 days and an additional 1% gift (or BTC minimum if higher) will be required for each 30 day period thereafter.


The below address is the only address I will ever ask you to send BTC to.  If asked to send to a different address, you are dealing with a scammer.  

168WXhArv7Fasqvi2xm5MQMfLhG18jifMe


Example request:


Please also include the seller on the message.  I will reply all to confirm receipt of coins and the address they will be released to.  Once the buyer tells me the item has been received, I will release funds to the seller (typically within a few minutes/hours).

We've got loans we're focusing on repaying, but will eventually resume purchasing equipment again. When we do purchase more equipment, it will be as or more power efficient than BFL Monarchs.


1g .999 Silver NastyFans Collector's Coins are now available via BitMit.net for ease of ordering:
https://www.bitmit.net/en/item/62198-nastyfans-1g-999-fine-silver-collectors-rounds-2013


We've received our RMA from BFL and are now back to hashing away with 7 60GH/s miners.

Hippievogel, Carnth offered that asset and will have to resolve this issue for anyone who purchased shares from him.  His thread for it is here: https://bitcointalk.org/index.php?topic=268589.0

There are no plans for that to happen.  Carnth is looking into options for him to wind down his BTC.TC asset.  You can discuss the BTC.TC situation with other NASTY-PT holders on this thread: https://bitcointalk.org/index.php?topic=268589.0

We didn't get a full refund.  We got BTC2.1 back from our BTC2.5 originally paid.  This is because of the pricing being in USD and the increase in Bitcoin value before the order was refunded.  The transaction was sent to the NastyFans donation address, so 25% of it will go towards paying down our debt while the other 75% will be distributed to NastyFans on Friday.  You can see the transaction here: http://blockchain.info/tx/5a835ed0f1fa5cc820220523dfd1e0790c85931951092588a7ffa6cb135551e9

This group buy fell apart but we have received a refund to the donation address.

+1

There should always be more shares to buy at the NAV.   

https://bitcointalk.org/index.php?topic=86854.0 | www.NastyFans.org

You'd be better off mining with a pool.  You can mine a P2Pool node without even setting up an account.  For example, you could easily just point your miner at nastyfans.org:9332 and use your Bitcoin address as your username.  Doesn't get much simpler and I think you'll have better luck that way.

25% of NastyFans donation distributions are going toward repaying these loans.  Since the loans were set with no interest, paying them off quickly isn't an extremely high priority, but we will continue paying 25% of donation distributions towards the loans until they're completely repaid.  The increase of participation on our mining pool and coin sales through our silver fundraisers will also help increase donation distributions.

BFL has received our 60GH/s Miner and already processed an RMA replacement for us.  I have a tracking number and we should be back above 400GH/s by Friday.

Educate miners.  Mine via a P2Pool node (such as nastyfans.org:9332 by using your Bitcoin address as your username).

Carnth runs that PT.  I have never used BTCT.co.  You can try to find more information on his thread for it here:
https://bitcointalk.org/index.php?topic=268589.0

Thank you everyone again for funding this loan so quickly.  Your support is unbelievable and appreciated.

Remaining lenders have all received tips to their specified addresses.
http://blockchain.info/tx/e8bbab10a9507f16b0d25fcc7196cd4d790cb279330c580bd695e2239b16b7bd

Thanks again!

I've added a Nasty Pool section to the OP complete with the new Nasty Pool logo.  Much more to come as we begin rolling out the new pool.  I've seen some screenshots of the fun nonnakip has in store for integrating the pool with NastyFans.org and I think everyone will be extremely pleased.  I'm very excited.

As a reminder, anyone can mine on Nasty Pool now by pointing your miner at NastyFans.org:9332 and using your Bitcoin address as your username.  The pool is currently operating at around 15GH/s.  I urge all NastyFans to try out the pool and see how much power we can amass.