I haven't looked into the power usage of ASICMINING equipment vs. BFL, but if it's competitive I don't see why we couldn't place a bid.

It seems that BFL has greatly increased the price of their products (source: BFL Products) and lowered their expected hash rates.  They have also promised to honor all presale hash rate and price promises (source: BFL_Josh).  This should be viewed as good news for us, as it will slow the growth of the overall network and make our preorders that much more valuable.

It will be a while.  Most likely several months as it takes time to do things right.  I will say that I am exploring additional ways for NastyFans to receive donations with nonnakip.  I am also exploring ways to increase the hash rate per seat, without requiring any additional funding from current seat owners or diverting donations to NASTY MINING.  

The A/C unit I ordered has arrived.  This should allow for our ASICs to perform very well if BFL releases more "experimental" drivers, as they did with their FPGAs.  

   NastyFans Market Cap just hit $1,000,000.00 for the first time.

25,000 seats.

Approx 28.8MH/s per seat is a good current estimate.

Not much has changed from the last pic. Just a tower of singles and a mess of wires. I'll get it looking sexy over the next month or so and post some nice pics.

I have no problem with rushing the first few units and paying a higher power cost. We can always sell them at a profit and order more if it becomes a huge deal. I also don't think any additional donations will be necessary. The extra heat however does concern me. For that reason, today I've ordered a standalone air conditioning unit and will be paying a professional to install an exhaust duct in our dedicated mining area. In addition, I am also looking at having a custom electrical circuit installed to allow for additional expansion along with some security improvements. Things are going to start getting really exciting, and there are still two rabbits waiting to be pulled out of my hat.

Thank you. Your confidence in my ability to navigate this fast changing BTC environment is appreciated. I will continue to do my best to keep things running in a way that benefits everyone.

Classic.

We'll be using the regular trade-in method.  I'll ship our FPGAs out to BFL as soon as I get the word.  As of yet, I have received no communication from them.

There aren't any other real choices at the moment.  Not only that, but Avalon is larger and uses significantly more power than a BFL Single SC.  Avalon is also a very small operation and I think they're going to struggle to get out orders in the volume of BFL.  In my opinion, BFL is the only choice that makes sense.  It would be my advice to save enough funds to purchase 2 more BFL Single SCs using our 25% discount and then begin saving for whatever next generation ASIC comes out after that.

We spent a total of BTC177.86 which at the time was worth $2,198.00.  We received a BTC38 refund which is currently worth $1,818.30.  Definitely not the way I would have liked to see things go, but it gives us a good head start towards ordering 2 more Single SCs from Butterfly Labs.

I've kept up on the bASIC situation and I think we should be happy that we got an 80% refund.  The fact that we have now received a BTC38 refund is all I know.

UPDATE:

We've received a BTC38 refund from cablepair for our bASIC order.  It is only about an 80% USD refund of our order at current rates, but better than nothing.

I've also added a news stream to the OP that highlights some major events so you don't have to read the entire thread to see our progress.

---

NEWS STREAM:

06/12/12: NASTY MINING goes public.
06/23/12: First ASIC order placed.
07/19/12: First FPGA begins hashing.
07/27/12: First BTC donation from NASTY MINING.
10/05/12: GLBSE closes.
12/08/12: NastyFans announcement.
12/08/12: NASTY MINING reaches 1MH/s per NastyFans seat.
01/14/13: NastyFans opens to the public.
03/01/13: NastyFans distributes 100th BTC.

I figured I should start a thread for the various items I have for sale.  Please see my reputation below and PM me with any questions.  Will accept BTC or MTGOXUSD.

Currently for sale:
$45 - - $50 American Express Prepaid Card - Free shipping of physical card.
$50 - - Sim City (PC) Brand New still in packaging - Free shipping of physical game.
$120 - - Crisp $100 bill with delivery confirmation.
$190 - - Black 16gb iPhone 4 iOS 6.0 (AT&T) - Comes with bumper/charger/ear buds & original box.

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REFERENCES:

-> OTC Web Of Trust Ratings <-

I am.



Nope.

Our bASIC orders are pending a refund so that is where you guys (gals?) are getting different numbers. What happens there is anyone's guess.

Also, it may appear that I'm sitting on my thumbs with regards to NASTY MINING but there are 2 separate projects being worked on by nonnakip and myself that will take both NASTY MINING & NastyFans to the next level. In addition to those as of now top secret plans, some of you may have noticed that while the difficulty has begun skyrocketing, our donations have barely budged. This is due to me pointing a few of my personal miners at the NASTY MINING pool address (listed in the OP) along with continued donations to the club. Hopefully my generosity is appreciated while we all deal with the excruciating wait for NASTY MINING to become an ASIC powerhouse. I suspect that the next few months will bring us all lots of excitement and even more fun in ways that aren't currently being anticipated.

This is just an opinion poll. I imagine it will lead us to determine what amount would be appropriate for a policy change poll to create a savings account for future NASTY MINING purchases. I will have to discuss with nonnakip how the savings will be handled and who will be responsible for safeguarding it.

I'll play.

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