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1  Economy / Securities / Re: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: October 07, 2018, 01:33:18 AM
Been quiet on here, but figured I'd say "hey!" to all of the Nastyfans out there!   For those of you that have been around for some time, always weird going through these boom/bust cycles...also the best time to get donations which may not seem massive now...but letting them sit and collect next boom cycle, feeling pretty set!

Anyway, hope everyone's doing well and having an enjoyable fall! 
2  Economy / Securities / Re: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: January 19, 2018, 12:06:33 PM
I'm happy to announce that CoinCaps.net is now donating 50% of their revenue to NastyFans!  
This represents a new source of Bitcoin for NastyFans (advertising) and also a free ongoing advertisement on CoinCaps.net!







I've also purchased a Bitmain A3 Antminer for NastyMining to add Blake(2b) to our growing arsenal of hashing algorithms.




Great way to start a Friday!!!  Thank you!
3  Economy / Securities / Re: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: January 06, 2018, 05:25:10 PM
The price is available in BTC on nastyfans.org, you just need to click on the change units button.

https://imgur.com/a/DrEfv


I don't think there's a willful deception going on, comparatively if we posted Apple stock price in bitcoin, it'd look fairly similar, Bitcoin's increase in value has been insane.   What the graphs previously posted demonstrate, is that had you purchased  seats purely at the USD equivalent price, they have increased in value.  In other news, some alpaca socks I purchased in 2012 have not appreciated at all  Grin.  Generally from my own experience, I try to view any transaction in bitcoin as being worth the approximate fiat value at the time.  If I was hyper focused on what the value could be, I'd never spend it, so it's also on me to ensure when I purchase something with it, I go back and purchase the equivalent or more to keep my hodling efforts going!

I think I may have misunderstood you TMAN earlier in your posts, I see that you're working to be a watchdog for the community, and I appreciate what you're trying to do here.   I'm still a strong advocate for nastyfans despite hindsight showing me that hodling to purely bitcoin only may have been a wiser investment, but  - that's not to say there isn't a case for value with this group currently.

Case in point, for a significant period of time the price of bitcoin went nowhere and in some cases decreased.  Throughout that time, I received dividends so despite my BTC dropping in fiat value, I was still continuing to acquire.  Even today, I'm still a recipient of those, and while the equivalent of a few dollars here and there may seem negligible, a small investment 5 years ago would certainly be worthwhile today.   I see this group as a long term investment in mining outside of some of the larger organizations. 

You mentioned earlier too the concern about people that received cash for loans because of the price of bitcoin increasing.  I was one of the people that had a loan to nastyfans, and I opted to take some additional seats (from his own holdings).  I think Nasty was very transparent about it, at the time I don't think a hedging instrument was available to hedge against the fx exposure that was faced, and longer term those loans would have harmed nastyfan's success or even viability as an organization.  At that point, I think many of us were interested in the longer term prospects, and honestly the loan relative to my seats would have translated into a loss regardless (i.e. if nastyfans seats became worthless but I received my loan repayment, I still would have lost out).   I got the impression that most of the seat holders here were in a similar position, and saw the long term value of this group, which is why there were some negotiations made to ensure longer term viability as a group.  At no point did Nasty force this on me, I think it was just a practical matter of him protecting seat holders by ensuring the longer term health of the group.

So here again, I don't think there's been any intentional misdirection or lack of transparency.  Any investment vehicle has some associated risk, just as exposure to bitcoin is a risk.  I go back to what I mentioned earlier with the perceived value in fiat at the time of a transaction, at the time, I felt that the value merited the investment, and it's yielded positive returns in fiat.  My point is, I'm in it for the longevity of this group, which going on 5+ years, I think is saying something. 



4  Economy / Securities / Re: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: January 05, 2018, 11:22:37 PM
Wow.. Shocked

Honestly, I'm getting kind of sick and tired of checking out this post and seeing complete shitposts claiming this is a ponzi scheme etc. 

So for the probably tenth time or more (check back on here and you can see my history) - I'll be happy to discredit much of the FUD and provide personal experience. 


Alright kiddies, gather around - it's time for old lesson in the crypto space:

Back in 2012, it was the wild west, not as crazy as the years before where pizzas were going out the door for thousands of bitcoins, but times were interesting enough.   Back then getting bitcoin wasn't the easiest thing in the world to do, many of us either mined or went through Western Union or wired money directly to exchanges in order to just get some of that beautiful bitcoin.   For those that remember, the waiting process was a pain, and we routinely heard how most/all exchanges at the time were unable to process debit or credit card transactions because of the fact that people would call their bank claiming a faulty charge, and with no chargebacks things were not exactly going to go nicely in bitcoin.

Along came a ton of different securities, and the first batch of securities were all over the place.   There were straight up ponzi schemes, there were outright scams, and with crypto being in the place it was at the time, it was nearly impossible to enforce.  So back then many of us who were remotely interested in the securities space had to be picky about the ventures we invested in.   Back then, I was looking around and found several that I invested in, some ended up doubling almost immediately in value on the securities exchange at the time that it was listed, others gave minuscule returns, and others gave nothing back.   Well Johnny Law got involved and shut that exchange down (I forget the name of it, and honestly don't feel like researching which one we were with at the time - as like many I lost a decent amount).   If I recall correctly, the exchange was shutting down and did give some grace time, but as you can imagine, at the time most people were liquidating their positions to get whatever they could from it.   Now, here's where things get a little bit interesting and are why calling this group a ponzi scheme makes no sense: .    If you're OgNasty, at the time the exchange was going down, there was limited information available on users of that exchange and who had what, here is where he could have let the whole thing dry up like many listings on there and do nothing.   Instead, work was done to launch a website, transition active membership over to that new website, and open up an active dialogue with members to seek insight into strategy and investments as a group.

So here's my question:
If OgNasty was running a straight Ponzi scheme, why would he even bother to make the transition work, or solicit feedback on a long term strategy for the group?   Back then, most mining groups were straight up "hey we're buying this amount of hardware, and we'll mine until the miners die or the return is nothing".

Anyway, so as a group, we decided to start actively dedicating some returns toward the purchase of new mining equipment to ensure each seat has an ever increasing amount of mining capacity per seat.  Along with that, Nasty initiated efforts at fund raising through selling NastyFans branded apparel and coins (which are awesome by the way).  Not only that, he's been transparent in all communications, being incredibly responsible whenever I had a single doubt, and has gone as far as doing work to actively help the crypto community with decentralized mining pools.  All of this too has come with a lot of headache for him, staying on top of managing mining hardware especially with the unknowns of when new hardware will be available, whether or not it goes down or has any issue, and then even having to make modifications to your house to accommodate the additional power needs - hell he's certainly done a lot.   

So every so often we see shit posts here basically blasting this as a ponzi scheme because holding onto bitcoin was a sounder investment than investing with Nasty.   Here's a shocker for you - nearly any traditional investment vehicle has not been able to keep up with bitcoin.   That's not a slam against OgNasty or anyone here, mining has a ton of variables - I should know, I used to mine both on GPU and on Gen 1 ASICs (and I have mined a 50 btc block and a 25 block back in the day).   Mining is a tough job, and that's one of the reasons I've invested (and remained invested here, I know that what this group does is good for the crypto community.   As the mining arms race has continued, it's difficult for average people to secure large investments into mining equipment which may or may not come at a point that's profitable, and again - this is before you even factor in luck.   Because of this, I strongly believe as a community it's important to support decentralized mining in whatever way you are able to do so, and for me - NastyFans is my way of choice.   I don't have to deal with the power and infrastructure issues, I'm supporting decentralized mining, and above all NastyFans has been, and will always be a transparent and cornerstone group of people that I can rely on. The title of this channel notes it was founded in 2012...not many around that can attest to that type of tenure, and for good reason.  If OgNasty had a desire to mismanage or walk away, he could have many times over, but he hasn't.   

Here's my final point, and I feel bad if this hits a little too close to home OgNasty... The point made earlier about how investments here haven't yielded exponential returns, looking back - OgNasty had he held onto bitcoin has probably lost more potential fiat than anyone on this channel combined.   Hindsight is always 20/20, but the work that he's put into this, and the value it has added to the community are why pizzas going for thousands of bitcoins while crazy at the time, are crucial to the history and validation of bitcoin as a viable solution.  Without them, bitcoin is just a pipe dream.


Alright - I'm going back to my cave, wake me up in 2024 or when bitcoin reaches 1 million USD!  Grin
5  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: October 15, 2017, 07:58:31 PM
Are we anticipating picking up any More L3+'s based on what we're seeing so far? 

I'm not making any more purchases until we get our S9 back from warranty repair and we have our D3 up and running.  I am a bit curious if fans want to continue mining BTC with our altcoin miners to increase distributions, or if we should be saving the LTC & Dash instead.  Perhaps a poll is in order?

Poll sounds good to me, been a while since we've run a poll! 
6  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: October 15, 2017, 06:18:48 PM
Update:
Our L3+ is up and running.  I have it on nicehash currently, paying out BTC to the NastyFans donation address.  You can monitor it here: https://www.nicehash.com/miner/1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX

Very cool, glad to hear that it is up and running!

Looks like our L3+ had an error and shut down overnight...  I updated the firmware, switched it to a new wireless access point, changed the network cable, and it appears to be operating again.  Hopefully this isn't an ongoing issue.  I'll try to keep my eye on it.

EDIT: My wireless network seems to be going a bit crazy.  After a couple hours of troubleshooting I think I've got it all playing nicely now.  Keeping my fingers crossed.  I have way too many wifi devices...

Nice!  Happy to see the new hardware chugging along, always hate getting the things initially stabilized with new hardware.   Are we anticipating picking up any More L3+'s based on what we're seeing so far? 

Also for some of the comments earlier concerning mismanagement - I'd just like to note as a long term member of NastyFans, I've not once had trouble or concerns in OgNasty's transparency or management decisions.  He's always been very open to addressing specific questions or concerns via direct messages.   I think there's been some frustration over folks who have invested in seats via bitcoin who have since seen bitcoin perform at higher levels than what the return they received from NastyFans.  To this I'd also note I "invested" 3 BTC in some alpaca socks many years ago, at the time it was an equitable trade made for something of value to me.  Yes, sitting on it may have been the wiser move, but as a NastyFan, I've invested in a long term contribution to the security and stability of the block chain.   The other thing for me, is that I've since long ago stepped out of the mining space personally, relying on folks like Nonnakip and OgNasty to take care of the day to day operations, and they've also continued to make the investments in new hardware and setting up the infrastructure to support all of this - and for this I'm very grateful.    We've been through a few rounds of discussions concerning management, and while I think it's important that there is accountability, this isn't and has never been a fly-by-night operation to fleece members - if it was it would have shut down years ago like so many other mining groups.   

7  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: August 12, 2017, 12:50:42 AM
Howdy Everyone!  Figured I'd stop in to say "hi"!  Exciting times we're back into again, happy to see the continued successful operation of the group and not to mention the diversification and other nice things this group has managed!   Jeez though, thinking back to 2012 when a lot of this all got kicked off...been a fun and crazy good time throughout all of it.   Anyway, just figured I'd drop a note and say hi to any old school investors here, and to also answer any questions any new or potentially interested folks may have.  At some point we should put together a timeline if we haven't already showing both hardware hash rate, and then match it up against core historical moments in bitcoin.  I look at my silver seat coin from so long ago and keep it with pride!

yeesh, my first post on here was September 8th, 2012!  :-D  Where did the time go?
8  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: August 12, 2017, 12:48:18 AM
Howdy Everyone!  Figured I'd stop in to say "hi"!  Exciting times we're back into again, happy to see the continued successful operation of the group and not to mention the diversification and other nice things this group has managed!   Jeez though, thinking back to 2012 when a lot of this all got kicked off...been a fun and crazy good time throughout all of it.   Anyway, just figured I'd drop a note and say hi to any old school investors here, and to also answer any questions any new or potentially interested folks may have.  At some point we should put together a timeline if we haven't already showing both hardware hash rate, and then match it up against core historical moments in bitcoin.  I look at my silver seat coin from so long ago and keep it with pride!
9  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: March 28, 2017, 01:05:58 AM
Beautiful!  Nice post, glad you added the drone shots! :-D
10  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: March 20, 2017, 01:55:55 AM
Did my part and went out and voted :-)

Also I'm still alive!

Keep on doing the great work @OgNasty as well as the entire gang that supports things!  Great article on Consolidated Crypto, love seeing NastyFans paving the way and maintaining integrity.  Since 2012 baby!!!
11  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: June 12, 2016, 09:09:30 PM
Status Update

First distribution with new system is posted to Bitcoin network.

TXID: e9f089e76b9fdbd6117eadfa1f14bed01700564dbc4511146d93043a50c17ca8

This transaction is fully automated generated on new transaction server with no block chain. If transaction is accepted then I begin rest. This transaction is distribution 171 (March 18, 2016).

Although this is automated it is automated under 110% supervision right now. Each step is carefully checked before allowing system to proceed.

There is more work to do to restore nastyfans services. I begin this work after all missed distributions are in the blockchain.

Just got mine!!! Great job, know a lot of work has gone into this! 
12  Economy / Securities / Re: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) on: March 27, 2016, 01:56:24 AM
I have no problem with switching over to a larger pool to up consistency.  I think we certainly did our part to make it as viable as possible, but as with most things it takes a lot of the people in the community to make waves that are needed.  I'd prefer to stick with mining bitcoins too, but that's just my two satoshi.

As for suspension/termination of members, I'm comfortable with us proceeding in the direction proposed.  In reviewing the policy the tl;dr is as follows:

1) You must login every 90 days to remain active to remain active
2) If you go past 90 days you're in probation (donations go to temp account)
3) If you go another 90 days you're in suspension (no voting and donations disabled)
4) Another 90 days you're terminated ( account closed, group determines what to do )

So you're giving people 270 days before their account is terminated, which seems reasonable to me considering there's some effort at attempting to reach members.  While we don't want to lose members, inactive members doesn't exactly help either. 

As for my vote on the terminated seats?  I'd nullify them and if we're under 25,000 - take that difference and hold on to them for a round of fund raising or use in bartering for equipment. 
13  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: November 21, 2015, 01:09:08 AM
Just checking in do we have any donations this week for fans :-) ?
14  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: August 20, 2015, 10:57:14 AM
The S5+ is up and running.  I currently have it mining on NiceHash to see some individual stats on it.

You can see it running here:
https://www.nicehash.com/?p=miners&addr=1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX&a=1&l=1

Awesome!  Happy hashing!!!
15  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: July 11, 2015, 03:39:22 PM
Figured the forum hasn't seen much posted so I'll fill in the silence  Roll Eyes

Just wanted to express again how happy I am with the monumental effort everyone involved here has put in to making NastyFans as great as it is.   I'm happy to be part of a mining operation that's shown commitment to integrity and transparency.   With the recent situation in Greece, a colleague of mine took an interest in bitcoin, and I was happy to get him started.   I then told him about NastyFans and he's purchased several seats because he sees the value of NastyFans and the benefits of being a part of this group.   I'm happy to see the recent uptick in price too, I think this is a result of the management and the active role the fans play as well here.   The three year anniversary was a big milestone, there's been a lot of groups that have had huge initial interest only to become a scam or something that didn't weather the changing world of crypto currency.  Yet here we are today a part of something bigger, and well...I just wanted to say thanks everyone, and it's great to bring others into the fold on something as great as we have here.    
16  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: June 16, 2015, 06:55:52 PM
Awesome news!!!
17  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: June 16, 2015, 01:04:11 PM
Happy 3rd Birthday NastyFans!!!!!

I'm still alive  Grin
18  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: September 15, 2014, 03:30:33 PM
I settled with Nasty a bit back, but I think this is a fair option for both lenders and other seat holders - as noted we're reducing our debt so we'll result in higher payments per seat.  Additionally, those who lended end up getting in a better position to reap the benefits of our new hardware which they helped fund in the first place.   I can certainly understand the hesitancy some have over this, but if we're out of debt we are better positioned to move forward and it'll raise the return to seat holders and should help prop up their value.
19  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: June 18, 2014, 11:43:41 AM
Update from BFL.  Hopefully next week we'll see some hashes.

Quote from: BFL_Josh  , 06-17-2014 at 11:03 PM
We had a meeting today with the BFL Cloud Mining team. We are still on schedule to start roll out of that by Friday (Hopefully sooner). We don't know yet exactly how many people we can activate each day as of yet, but we will be activating as many people as possible each day. We will be sending out an email when your Cloud Mining account is ready and a button should appear in your dashboard to activate it. You will then be able to log in to the Cloud Mining dashboard and enter the pool information or wallet address you would like to mine to. Be on the look out for that.

Right now, the plan is to allocate 600 GH/s to each user for each card ordered. If you ordered 1 card, you'll get 600 GH/s, if you ordered 2 cards, 1.2 TH/s, etc... The current plan is to process the Cloud Mining in the queue order from first to last. Again, we don't currently know how long it will take to deploy this fully or how many people will be activated per day, however, as we receive the revised boards and they are tested and ready to go, we will start shipping out in queue order, first to last. As your order is fulfilled, your Cloud Mining will be deactivated and the hashrate will be allocated to the next person in line.

I will post another update when we start activating users on Cloud Mining.

Thanks for posting this, looking forward to the hashing power!!   Grin
20  Economy / Securities / Re: [NastyFans.org] NASTY MINING | POOL | COINS on: June 14, 2014, 11:41:26 AM
I have to say the past two years have been a great experience and I'm happy with both the performance as well as community of NastyFans today.  Plenty of other groups out there with incredible amounts of drama along with shady business practices.   One of the reasons I'm invested with Nasty is because there's a sound community here, even the approach to the troll here by the community was good - it's been great so far and I'm eager to see where the next two years take us!   You all rock, and I'm glad to be a part of the NastyFan community :-D
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