0.0002BTC

0.0001BTC

Given that there's a decent amount in our fund for now, with no plans at the moment for spending it, I'd like to proose we set aside ~ $15k USD for the purchase of minted seats and we would raffle them off to seat holders (more seats = more chances). I would see this as something that doesn't hurt our fund, and it is a way of giving back to seat holders and may also draw some attention to the group. My thinking here too is that with the recent upturn in value of Bitcoin and hitting our 8th year, it's something that I think most seat holders would appreciate as a nice memento.

Can I please have spot 2? Thank you!

2 - kroneko

I answered Owlcatz question did I not?  I've defended NastyFans because investing in it has benefited me financially.  Comparing Bitcoin with any other investment is like comparing apples and oranges.  

I have purchased seats in NastyFans and physical coins from OgNasty in the past, so I have trust from a single transaction with him.  If you care too, check out a cointracker that has my coin on it for proof.

I've dropped my support for the reasons noted and apologies for any hurt feelings.  If my account was really an alt for Nasty, why would I wait 8 years to try throw away an account on something that Nasty wasn't even directly involved with?  

I think that's fair, I'll rescind.

Investments have gone pretty well all things considered.  I didn't see Nasty shut things down without a refund after the exchange he was on before went under.   I continue to receive donations.  Had I kept everything in Bitcoin I'd be ahead more, but it's seen crazy growth unlike nearly any other asset.  Overall though, I'm not bitter, had I put this in a savings account in USD, wouldn't have seen nearly the same rate of return either. 

Yeah, not a shill for Nasty, just appreciate he's not stolen my bitcoin and has operated NastyFans since 2012 and been very transparent.  I get a bit defensive, but I've also seen a number of ponzi operations that I think anyone who's been around since 2012 would agree to NastyFans still operating on the level is an attestment to something.

I haven't honestly participated in most forum posts because I hate dealing with the accusations and other nonsense that goes on here. 

Thank you, happy to be back and thanks for the update!

That's a lot of updates, but all sounds good, and I think the strategy on the S19s make sense as well.  Been happy with the luck we've been having, keep up the great work!

Happy Friday everyone!   Been a while but been interesting seeing Bitcoin back in the news!   How's everyone been doing? 

Looking like the new hardware is performing well!  Great to see!!

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! 

Great way to start a Friday!!!  Thank you!

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  .  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. 

Wow..

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! 

Poll sounds good to me, been a while since we've run a poll! 

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.   

yeesh, my first post on here was September 8th, 2012!  :-D  Where did the time go?

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!

Beautiful!  Nice post, glad you added the drone shots! :-D