NastyMining - Free Electricity, No Fees, NastyFans.org

[aquarius]

yeah I had to dump my position some weeks ago. it is being run way too passively.

going green? good luck competing..  

what´s next, a drum circle?

[CumpsD]

Mining on the NastyFans P2Pool

[nonnakip]

To help with price concerns, have you perhaps considered changing how seat sales are done?  Perhaps instead of storing an order book of seats for sale you store an order book of seats wanting to be purchased?  This might help motivate higher prices as you change the dynamic from seat sellers competing to seat purchasers competing....

Interesting idea. But it require buyer pre-pay for seat purchase. This makes nastyfans a bank. I do not want to run a bank. We already talk about this here:

https://bitcointalk.org/index.php?topic=86854.msg1477150#msg1477150

[Squirrel Dearing]

The P2Pool software running on nastyfans.org is a unmodified P2Pool node and it does not charge any fees. But there are plans to make changes to benefit nastyfans. I will announce these changes when they are ready. Until then it is a normal P2Pool node.

I can't wait to see the fruits of your labor!  Thanks for your service Nonnakip!

[nonnakip]

Distribution 255103 is complete.

We appreciate the donations. Thank you!

[CumpsD]

Just transfered btc for my first seat on the site, exciting

[miscreanity]

Alts have been grinding down relative to BTC, and cryptoswitcher keeps seeming like a good idea.

Thoughts?

[CumpsD]

Added 999MH/s to the P2pool (plugged in 3 usb sticks )

[pyra-proxy]

Added 999MH/s to the P2pool (plugged in 3 usb sticks )

How does using the nasty mining p2pool work?  Do the coins get sent to an address you specify or can you have proceeds donated to your personal fan club account, does it include alt coin trades etc.?

[nonnakip]

How does using the nasty mining p2pool work?  Do the coins get sent to an address you specify or can you have proceeds donated to your personal fan club account, does it include alt coin trades etc.?

1. If you use a Bitcoin address for your miner username the coins you mine will be generated and sent directly to that address. No part of it is donated to NASTY MINING or nastyfans.

2. If you use a miner username that is not a Bitcoin address the coins you mine will be generated and sent directly to the general nastyfans fanclub donation address.

For both options 0.9% is automatically donated to support P2Pool development.

There are plans to do more exciting mining pool options tp provide benefits to miners and the fanclub at the same time but these plans are not yet implemented. Until then the 2 options I show are the miner options.

[Carnth]

I'll expand on nonnakip's answer:

How does using the nasty mining p2pool work? Do the coins get sent to an address you specify

Yes, the coins get sent to an address you specify.

You mine at:
http://nastyfans.org:9332

Use <YOUR BTC payout address> as your username and "x" as you password. Example:

Username: 1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX
Pass: x


Warning: it's better to use a real wallet address. Do not use an address from exchanges, etc. P2Pool pays using "mined" transactions.
Additional Info: There is no account to setup, just start mining. To check your progress, click on the link above with your web browser and then click on "Graphs." Search for your BTC address to view current hash speed and payout rate.

can you have proceeds donated to your personal fan club account,

No.

does it include alt coin trades etc.?

No.

[nonnakip]

Distribution 256487 is complete. We appreciate the donations!

[OgNasty]

UPDATE:
We've received our final 60GH/s Miner from BFL, bringing our theoretical hashing power to 420GH/s.  As we wait for BFL to deliver our remaining 5.4TH/s in Monarch orders, we will continue paying down our debt which is currently BTC320 and look forward to nonnakip taking NastyPool live. 

Also, a reminder that there are still 1g silver NastyFans coins available for purchase with profits being donated to the fan club.

[l3sny]

wow! Awesome. Thank you OgNasty!

[Squirrel Dearing]

Looks like we are having a pretty good day today (in comparison to recent days)

[nonnakip]

Distribution 257793 is complete. Thank you to our donators!

[Squirrel Dearing]

Wow.. Not a single donation in what? 3 days. That sucks!  I hope BFL comes through (and I hope we're in the first batch!)

[Yogafan00000]

Wow.. Not a single donation in what? 3 days. That sucks!  I hope BFL comes through (and I hope we're in the first batch!)

The variance on p2pool is what finally drove me back to a larger pool.  I will re-evaluate that decision when the difficulty settles down for a few months. (if my miners still happen to be profitable) I believe that the distributed mining truly is best for bitcoin as a whole but not if it means sacrificing valuable early ASIC mining time.

[OgNasty]

Wow.. Not a single donation in what? 3 days. That sucks!  I hope BFL comes through (and I hope we're in the first batch!)

The variance on p2pool is what finally drove me back to a larger pool.  I will re-evaluate that decision when the difficulty settles down for a few months. (if my miners still happen to be profitable) I believe that the distributed mining truly is best for bitcoin as a whole but not if it means sacrificing valuable early ASIC mining time.

It always balances out over time but instant regular payouts are nice.  Most pools charge quite a bit in fees for that compared to the 0.9% NastyPool is currently charging (and donating to P2Pool developers).  I think the recent run of bad luck makes it a pretty good time to give NastyPool a try.

[Yogafan00000]

It always balances out over time but instant regular payouts are nice.  Most pools charge quite a bit in fees for that compared to the 0.9% NastyPool is currently charging (and donating to P2Pool developers).  I think the recent run of bad luck makes it a pretty good time to give NastyPool a try.

This works if difficulty stays relatively stable, but when difficulty is constantly rising, you are gamblling low difficulty ming time vs high difficulty mining time and right now you are 3% on the losing side.