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Author Topic: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)  (Read 798212 times)
smooth
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December 23, 2013, 11:06:47 PM
 #1881

our scrypt rig is only bringing in ~$200 profit per month right now using ~1,300 watts of power and that profit amount has been dropping rapidly (keep in mind all electricity is paid out of my pocket).  In contrast, one of our BFL Singles uses ~400 watts of power and brings in ~$450 per month.  I just can't justify going GPU for any reason looking at those numbers with BTC mining using old equipment still being more than 7x as profitable per watt.

I think you have to consider depreciation though. My 3-year-old 6870s seem to be worth close to half what I paid for them. A 3-year old BFL single will almost certainly be a paperweight, and it might be a paperweight after one year. 

But if power is the limiting factor staying away from GPUs probably does make sense.

$200/month seems low to me. Are you using a switching pool (multipool/hascows/middlecoin)? They've been running around twice the output value of just mining LTC recently. The latter two pay out in BTC so you don't need to worry about a bunch of altcoin dust.

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December 23, 2013, 11:19:55 PM
 #1882

$200/month seems low to me. Are you using a switching pool (multipool/hascows/middlecoin)? They've been running around twice the output value of just mining LTC recently. The latter two pay out in BTC so you don't need to worry about a bunch of altcoin dust.

We are running our own P2pool LTC node.  The $200 figure factored in electricity.  Probably seems low because of how much less efficient GPUs are.  Wink

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December 23, 2013, 11:28:26 PM
 #1883

$200/month seems low to me. Are you using a switching pool (multipool/hascows/middlecoin)? They've been running around twice the output value of just mining LTC recently. The latter two pay out in BTC so you don't need to worry about a bunch of altcoin dust.

We are running our own P2pool LTC node.  The $200 figure factored in electricity.  Probably seems low because of how much less efficient GPUs are.  Wink

It seemed low because the autoswitching pools are paying out a lot more value. Please try that for a few days at least.  I know how to calculate electricity usage. Wink

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December 23, 2013, 11:48:07 PM
 #1884

Why not purchase scrypt hardware along side of BTC???  My 360GH of ASIC is getting close to useless... mean while my 75MH of GPU is killing it. 

Did you mean 75 KH/s, cause I'd be interested in hearing more about your setup if it wasn't a typo!

No I meant 75MH all gpu....will be 85 MH as soon as my packages arrive.  I am lucky to have free power for my rigs though.  Even with power costs ROI is 2-3 months.  ASIC for Scrypt is is not for a long long time. 

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December 23, 2013, 11:52:04 PM
 #1885

Bet my GPU farm is viable 10x longer than any up coming BTC ASIC gear...also the resale rocks.  I could host GPU's for Nasty Mining...if you were interested.

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December 24, 2013, 08:58:43 AM
 #1886

Why not purchase scrypt hardware along side of BTC???  My 360GH of ASIC is getting close to useless... mean while my 75MH of GPU is killing it. 

I check every single morning to see if scrypt ASICs are available for order yet. We are scrypt mining away with 1.6MH/s now, but I can't power and cool 75MH/s worth of GPUs. It isn't realistic.

Got this newsletter this morning, proceed with caution: https://alpha-t.net/news/development-update-23122013/

Quote
Announcements

Today is the release of our full pricing, shipping, terms and all the helpful information you would need to secure a pre-order, this can all be found in the 'Terms of Order' page. We will be taking a 30% deposit payment, and remainder 70% to be paid 8-10 weeks before shipment. Minimum chip specifications have been confirmed from our ASIC manufacturer using Global Foundries as our foundry. In regards to our devices, we have confirmed a lower power consumption than quoted previously and also a guarantee of minimum hash rate. this can all be found in the individual Product pages. Please read the Terms of Order page, and individual Products pages carefully.

To summarise some other things:

Viper-5mh/s which can hash at minimum 5 MH/s: £1350 (inc VAT) Deposit- £405 (inc VAT)

Viper-25mh/s which can hash at minimum 25 MH/s: £5450 (inc VAT) Deposit- £1635 (inc VAT)

ASIC Chip Specs
Process: 28nm/40nm HPP, 3.3v/1.8v
Internal Memory: >=128Mb SRAM
Gates: ~28M Gates
Clock Speed: > 600 Mhz Core Clock
Hashing Cores: >= 128
Chip Hash rate: > 350 Kh/s
Power Consumption: < 5w

Registration and Wishlist

Registration will be open on the 25th or 26th of December. We urge all customers to be prepared by providing shipping and billing information in the My Account section. Also showing interest by adding their desired products to the Wishlist, with stated quantity.

You can register here on the specified day: https://alpha-t.net/login-register/

New Office

We have moved to a bigger office in Manchester. Some more interior work is still to be done, but here is an image from the outside.  Details of our office can be found in the About Us page.

Launch and Next Updates

We expect to officially launch in a weeks time.  We will be first rolling out some images of our devices and various other product updates.
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December 24, 2013, 08:59:10 AM
 #1887

Emphasis: Proceed with caution! Smiley
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December 24, 2013, 02:46:57 PM
 #1888

Wouldn't hold my breath

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December 24, 2013, 06:54:32 PM
 #1889

Emphasis: Proceed with caution! Smiley

Do you have any reason to believe the company is not legitimate?  I've been following them for months now, and have found no red flags.

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December 24, 2013, 07:27:21 PM
 #1890

Emphasis: Proceed with caution! Smiley

Do you have any reason to believe the company is not legitimate?  I've been following them for months now, and have found no red flags.

Not exactly "not legitimate" but the red flag for me would be that they don't even suggest a ship date. They say they will be collecting the other 70% of payment 8-10 weeks before shipment which tells me that shipment will be quite a bit longer than that (otherwise just collect the money now). That seems like a minimum of 4-6 months, best case with no further delays.

Given the current high profitability of mining with GPUs and the fact that they are still available (somewhat hard to find, but available) for immediate purchase I would expect scrypt difficulties to continue to rise at a high rate for the foreseeable future (absent a price crash). I don't really have a 4-6 month forecast though.

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December 25, 2013, 06:17:50 PM
 #1891

Emphasis: Proceed with caution! Smiley

Do you have any reason to believe the company is not legitimate?  I've been following them for months now, and have found no red flags.

Besides gut feeling? No hard facts, no. Just very skeptical. Maybe someone who lives near them can go and check out their local office to get a better idea?
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December 26, 2013, 05:48:37 AM
 #1892

BFL..

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December 27, 2013, 08:42:58 PM
 #1893

I may be a bit behind here...  But I did stumble across this gem on the BFL forums last night.  If this does indeed turn out to be the case, 10 of our 11 next-gen miners will have liquid cooling!  

Quote from: BFL
the plan is for everyone that has a current pre-order, you will be upgraded to the water cooled version of the Monarch for free to compensate for the slight delay.

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CumpsD
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December 27, 2013, 08:44:52 PM
 #1894

Do you have the rest of liquid equipment to use it? Pumps etc
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December 27, 2013, 08:52:47 PM
 #1895

Do you have the rest of liquid equipment to use it? Pumps etc

You are quite the pessimist.  While I admit I haven't read much into it, CoinTerra's design has me assuming that the liquid cooled system will be completely internal and wouldn't require the purchase of additional pumps/radiators/hoses, etc...  If they do indeed require additional equipment, I have quite a bit of experience assembling and running liquid cooled GPUs.  We also won't have an issue purchasing any required equipment if it does come to that, which I believe it will not.

EDIT: No.  Wink

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December 27, 2013, 08:54:43 PM
 #1896

Do you have the rest of liquid equipment to use it? Pumps etc
You are quite the pessimist. 

You mistake my question as pessimism Smiley

It's more a preparation mindset, neutral loaded question really
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December 27, 2013, 10:17:28 PM
 #1897

Distribution 277284 is complete. Thank you to our donators.

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December 29, 2013, 09:56:35 PM
 #1898

1 poll closed

[policy change] define minted seats
     no: 72 (0.3%)
     yes: 21515 (99.7%)
     abstain: 3413
     RESULT: MINTED SEAT DEFINITION ADDED TO POLICY

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December 29, 2013, 10:02:05 PM
 #1899

nastyfans web interface updated. On home page you see donations held by nastyfans for online and minted seats. I will improve it later to show individual minted seats.

I talk with OgNasty about minted seat payout threshold. Together we decide that a fixed threshold of 0.001 BTC will allow frequent payouts and avoid dust.

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December 29, 2013, 10:13:10 PM
 #1900

Re: minted seats. If I have gifted minted seats, what is the procedure for the recipient to register on the nastyfans site and transfer the seats to that new account?
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