NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)

[Carnth]

I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0

Carnth - thanks for setting this up!!

https://btct.co/security/NASTY-PT

Just waiting for Burnside to release it to the mods for approval.

NASTY-PT on btct.co is live!

https://bitcointalk.org/index.php?topic=268589.0

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[djjacket]

Could Nasty be bringing in a new toy?  That would be nice.

https://bitcointalk.org/index.php?topic=269318.0

[redbeans2012]

CURRENTLY OPERATING:
5x BFL 60GH/s ASIC Miner
5x BFL BitForce Single FPGA
ASICMiner USB Block Erupter
2x5970/2x7970 Scrypt Miner

EQUIPMENT ORDERED:
5x BFL 60GH/s ASIC Miner
1x BFL 500GH/s ASIC Miner

GROUP BUYS:
TheSwede75's KNCMiner Saturn - 1 share - 14.5GH/s
ragingazn628's KNCMiner Saturn - 5 shares - 11.2GH/s
pidobir's Metabank-Bitfury - 2 shares - 10GH/s

DEBTS:
BTC200 - 500GH/s Miner Loan - 0% Repaid

HASHING POWER:


LAST SEAT PRICE:


MARKET CAP:

This is the worst investment in Bitcoin world. Few hundreds BTC worth of mining equipment valued at 8k+ BTC, 0.33 BTC for 14.53 MHash, LOL!

Also there is 5 Singles coming "soon" and a minirig or 2

[bitcoinsucker1]

Could Nasty be bringing in a new toy?  That would be nice.

https://bitcointalk.org/index.php?topic=269318.0

That seems extremely over priced...  only have like 50 BTC in our holdings unless this is Nastys unit only.

[l3sny]

I think OG Nasty will fix it

[miscreanity]

Could Nasty be bringing in a new toy?  That would be nice.

https://bitcointalk.org/index.php?topic=269318.0

That seems extremely over priced...  only have like 50 BTC in our holdings unless this is Nastys unit only.

At 500 it would likely never break even. Even at 400, there will probably be less than a 10% return.

[OgNasty]

Update:
NastyFan Akka has donated a 5970 GPU to NASTY MINING.  This fills our GPU rig and I was able to get it running tonight.  After some thought, I decided to abandon FeatherCoin.  It appeared to be a less profitable clone of LTC, and I don't think we need to support it.  So we are now focusing our Scrypt mining on LiteCoin and NovaCoin.  The FTC we had mined is in the process of being exchanged for LTC.

[OgNasty]

Did you look at the Middlecoin pool? It switches to the most profitable altcoin.

No.  I'm happy with our current pool setup.  That sounds cool though.

[nonnakip]

Distribution 251172 is complete. Thanks to our donators.

[OgNasty]

UPDATE:
We received another 60GH/s miner from BFL and it is currently hashing away.  Our local P2Pool is now showing an average rate of 345GH/s.

[plasticAiredale]

[bitfair]

UPDATE:
We received another 60GH/s miner from BFL and it is currently hashing away.  Our local P2Pool is now showing an average rate of 345GH/s.

WTG!

[shandafa]

Why is the share price for the PT at btct so high (0.005) compared to the price of the full seat (0.33)?

[JimiQ84]

Why is the share price for the PT at btct so high (0.005) compared to the price of the full seat (0.33)?

that's the power of btct exposure + lower entry price. I wonder why didn't PT exist before.

[Equilux]

Why is the share price for the PT at btct so high (0.005) compared to the price of the full seat (0.33)?

that's the power of btct exposure + lower entry price. I wonder why didn't PT exist before.

The real question is, why aren't there more seats being bought on Nastyfans, and sold on btct?

[Vanillemaus]

Why is the share price for the PT at btct so high (0.005) compared to the price of the full seat (0.33)?

that's the power of btct exposure + lower entry price. I wonder why didn't PT exist before.

The real question is, why aren't there more seats being bought on Nastyfans, and sold on btct?

I don't see, how this would be possible. Or is it?

[creativex]

Why is the share price for the PT at btct so high (0.005) compared to the price of the full seat (0.33)?

that's the power of btct exposure + lower entry price. I wonder why didn't PT exist before.

The real question is, why aren't there more seats being bought on Nastyfans, and sold on btct?

...well Carnth?

[Carnth]

The real question is, why aren't there more seats being bought on Nastyfans, and sold on btct?

...well Carnth?

I don't see, how this would be possible. Or is it?

It is possible! 1000 more shares are being released as I type this. And if that's not enough, even more will be added.
Thanks for everyone for making the btct.co PT a success.


PS. How much interest is there for a PT on Havelock?

[OgNasty]

Why is the share price for the PT at btct so high (0.005) compared to the price of the full seat (0.33)?

Things always cost more in smaller quantities.  You are also paying a premium to cover the exchange listing costs and the issuer's time spent.  I think in time, the price of a full seat will rise to meet the micro-share price.  At which point the micro-share prices will most likely rise.


UPDATE:
As you may have noticed, I've been spending a lot of time diversifying NASTY MINING and finding new donation sources outside of our typical mining operation.  Diversification has taken the form of obtaining assets on BitFunder, participating in group buys, developing new services, and even taking out a loan denominated in BTC.  Finding new donation sources outside our main operation is also important.  That is why I started a fee-free pass-thru on BitFunder and gave my blessing to Carnth to run a pass-thru on BTCT where 1% of all donations received are sent back to NastyFans.  This brings us to my latest fund raising effort.  On July 31st, I paid to have 1,000 NastyFans 1g silver coins made.  For each of these coins sold, BTC0.01 will be donated to NastyFans.  This is also a pilot program for a much larger and more exciting product, which will also have profits donated to NastyFans.  If you would like to help support this fundraiser for NastyFans and pick up some silver in the process, check out my thread in the Goods section:

[WTS] NastyFans 1g .999 Fine Silver Collector's Rounds (2013)

[Equilux]

The real question is, why aren't there more seats being bought on Nastyfans, and sold on btct?

...well Carnth?

I don't see, how this would be possible. Or is it?

It is possible! 1000 more shares are being released as I type this. And if that's not enough, even more will be added.
Thanks for everyone for making the btct.co PT a success.


PS. How much interest is there for a PT on Havelock?

I think a PT on Havelock would be great, since as far as I'm concerned it's the most respectable platform i know of. I would also be interested in trading seats on Havelock myself, but that might be slightly more complicated. Although I believe they recently deployed a share-import function there.