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

[smooth]

We're already at the point where reliably spending the distributions involves prohibitive transaction fees. For someone with one seat the latest distribution is 0.00018967. The standard transaction fee is 0.0001 per KB and pulling the output of a transaction into a new one takes about 1/4 a KB. So spending the distributions will cost roughly 12%.

I disagree with this logic and I see this as the reason why dust is considered so evil. It is not. The main problem is bitcoin clients do not handle dust correctly. This is why I modify my bitcoind to handle dust without problems. I have communicated these changes to Bitcoin devs.

Your solution only works when the dust coins are a small part of the value, but you have some bigger coins to spend. If someone is getting their coins by receiving small distributions from Nasty Fans, modest-hashrate pool payouts, etc. their entire wallet will be "dust"

Also, I'm not sure if this is a solution long term. There is an actual cost per KB to miners of including transactions (that is vaguely close to the current fees). Your suggestion increases their actual (average) cost per KB, so fees in that case would probably go up.

Another suggestion. Offer the option to take (small) distributions in a lower-value altcoin.

[1701592651]

1701592651

[miscreanity]

Jan 20th target for ASICMINER 3rd-gen hardware: 0.2w/Gh

[kuzetsa]

Jan 20th target for ASICMINER 3rd-gen hardware: 0.2w/Gh

No, I think you misunderstood.

This is from the thread you linked for reference:

Tape Out signals the end of the _design phase_. NOT the same as _manufacturing_ (fabricating/"fabbing"). When you have *all* the requisites for fabbing, you still need to book a run. A rocket run can be as little as 45 days when a regular run is 10-26 weeks.

So no, Tape Out in January doesn't mean "chips in 3 weeks".

edit: and when the chips are done in silicon, you need to cut them up and put them in a package etc. Please lurk MOAR.

We get it. Nobody misunderstood that FC's estimation was not for completed 28nm chips. What we do know is 28nm chips are being developed and this is great news. Just because you can point out every step of the manufacturing process does not take away from the fact that 28nm chips are coming. So you can stop saying that they wont have working 28nm hardware by January because we know this already.

Please re-read the post chains. You seem to have missed the point entirely (which was to underline the fact that Tape Out does not equate "chips now" or "in three weeks"). Whatever else you infer was neither uttered nor implied.

And 28nm is not coming next. Next is 40nm.

I was under the assumption that 40nm was gen2 and 28nm was gen3. Either way next gen chips are coming. Not now. Not january 20th. But they are coming.

Side note: Has anyone figured out how much more efficient next gen are supposed to be? If gen1 were 4.2W/gh and gen3 is 0.2W/gh that would make it around 20 times more efficient.

[miscreanity]

No, I think you misunderstood.

Yes, my mistake on that.

[shadallion]

No, I think you misunderstood.

Yes, my mistake on that.

Can someone explain in plain English why the dividends (sorry - donatations) seem to be so terribly low?  Bitcoin is up 900% and I got about $1 in dividends for my 15 seats. 

Am I expecting too much?

[OgNasty]

Can someone explain in plain English why the dividends (sorry - donatations) seem to be so terribly low?  Bitcoin is up 900% and I got about $1 in dividends for my 15 seats. 

Am I expecting too much?

We have a ~2,000% increase in hashing power on the way whenever BFL & CoinTerra start shipping their next-gen devices.  Once those devices arrive, the donations will be much larger.

[smooth]

Post #1 looks broken

[OgNasty]

Post #1 looks broken

Indeed.  The problem is on the forum's end, or actually a service it uses to protect users from compromising their IPs by directly loading images.  I'm not sure if it is something that is going to persist and require a change on our end, or if it will be sorted out by the forum/service.

I did want to leave this render here for your viewing pleasure.


EDIT:
New 1g silver Nasty Pool coins to become available soon as well (both products are in-hand already).

[smooth]

I did want to leave this render here for your viewing pleasure.

That looks amazing!

[gaba]

Scrypt Mining!

[Squirrel Dearing]

I did want to leave this render here for your viewing pleasure.

Awesome! So I imagine you'll post the details soon (how much they cost and such!)

[silverfuture]

I want!

[kroneko]

The coins look great!  Can't wait until they start selling 

[nonnakip]

1 poll opened

[policy change] define minted seats


For several months I work with OgNasty on our first joint project. It combines the fun of nastyfans and NASTY MINING with very unique silver coins. We recently finish the project and I am excited for nastyfans to see it!

The project requires a new section added to nastyfans policy to define "minted seats". That is why I start a new poll.

I let OgNasty provide information and pictures of the coins. OgNasty will provide information about prices and availability.

I am excited that OgNasty came to me to do this project together. It was much fun and I am excited for future projects together.

[Yogafan00000]

This minted seat concept is weird, but interesting!

How will you keep the private key stamped on the coins secret from your coin producer, NastyFans staff, the delivery people, etc, etc...

[OgNasty]

This minted seat concept is weird, but interesting!

How will you keep the private key stamped on the coins secret from your coin producer, NastyFans staff, the delivery people, etc, etc...

The private keys were generated on my home computer.  I personally will be the only personal handling these coins prior to their private keys being secured.  I don't think these seats/coins require any additional trust compared with owning a regular seat.  I will not be holding onto any private key information.  If you trust me, you can trust your private key will remain secret. 

More details will be released tomorrow night.

Also, OP images fixed.

[Akka]

This a an really cool Idea. I hope it will be possible to "mint" several seats into a single coin. 

[CumpsD]

It seems that these unique addresses will be a pile of dust tx? Will it be possible to mint more then 1 seat on a coin?

[nonnakip]

It seems that these unique addresses will be a pile of dust tx?

I see that some fans are unhappy with donation distribution method. I work to create payout threshold setting. This setting will be valid for all seats including minted seats.

[OgNasty]

Will it be possible to mint more then 1 seat on a coin?

While there is no way to mint more than 1 seat to a coin, you could use the coin's public address as your donation address for all your seats if you so desired (same result).

Please wait until more information is released tomorrow night before asking more questions.  I'd hate to spoil all the surprises and my excitement is keeping me from staying quiet.