NastyMining - Free Electricity, No Fees, NastyFans.org

[kako_number3]

At least there are recipes for cooking and eating them now.

'Fuck kako, we have bigger fish to fry.' Garrett 'garr255' MacDonald, 2014

[OgNasty]

I finally made a thread selling the 1g silver NastyPool coins.  0.005 BTC from each sale will be donated to NastyFans.

NastyPool 1g .999 Fine Silver Collector's Rounds (2014)

[Squirrel Dearing]

Sorry guys, they are doing some work in my area - cutting trees off of power lines, etc. They shut the power off just as I was heading to work.. Unfortunately, I usually work about 10 hour days so the Single in my charge won't  be back online until later tonight.

[nonnakip]

Distribution 314589 is complete. Thank you to our donators.

[OgNasty]

With BFL announcing over the weekend that they are now doing longer term testing of the boards and the sudden network hashrate jump, I think it is safe to say we might finally be getting our hands on some new hardware soon.

[EFS]

With BFL announcing over the weekend that they are now doing longer term testing of the boards and the sudden network hashrate jump, I think it is safe to say we might finally be getting our hands on some new hardware soon.

Good to hear this.

[ManeBjorn]

The pool is showing down and I also cannot get the NastyFans website up.
Is there a problem?

[OgNasty]

The pool is showing down and I also cannot get the NastyFans website up.
Is there a problem?

It does appear that there is a problem with the server.  I've contacted nonnakip to investigate.

For those of you who are donating hash power, I recommend setting up our BitMinter account as a backup.  Here are the details:

server: stratum+tcp://mint.bitminter.com:3333
username: OgNasty_1

[Squirrel Dearing]

The pool is showing down and I also cannot get the NastyFans website up.
Is there a problem?

Same here - got home from work and found it at 0

[OgNasty]

It is up and running again.  Looks like it was down for about 3 hours.

[nonnakip]

The pool is showing down and I also cannot get the NastyFans website up.
Is there a problem?

The ISP hosting our server needed to do maintenance on network infrastructure.

I receive email 4 weeks ago as notification that it would be. But I forgot to post here to inform the nastyfans. Sorry. In the future I will post this information immediately when I have it.

[Squirrel Dearing]

The ISP hosting our server needed to do maintenance on network infrastructure.

I receive email 4 weeks ago as notification that it would be. But I forgot to post here to inform the nastyfans. Sorry. In the future I will post this information immediately when I have it.

I just feel better that it was planned!

[thevinci]

You still think BFL will ship? No way.

[OgNasty]

You still think BFL will ship? No way.

I'm confident BFL will ship a product, or provide meaningful compensation, or both.  They are already providing us with cloudmining.  Compared to Black Arrow, Butterfly Labs is the bees knees.  I will reserve judgement until I get the product I paid for and can evaluate it.  Any other response would be motivated by fear.

We have been working on a way to make everyone happy and I think we have come up with a pretty good plan. We are finalizing the details this week, so I should have at least preliminaries details for everyone in the next few days hopefully. As a former miner, I would be happy with the plan. I realize it may not satisfy everyone, but I think it will go a long way to making everyone comfortable with their purchase and address the above issue(s) as well.

[silverfuture]

For those of you who are donating hash power, I recommend setting up our BitMinter account as a backup.  Here are the details:

server: stratum+tcp://mint.bitminter.com:3333
username: OgNasty_1

Nice, good to have a backup pool for next time.

You still think BFL will ship? No way.

I'm confident BFL will ship a product, or provide meaningful compensation, or both.  They are already providing us with cloudmining.  Compared to Black Arrow, Butterfly Labs is the bees knees.  I will reserve judgement until I get the product I paid for and can evaluate it.  Any other response would be motivated by fear.

We have been working on a way to make everyone happy and I think we have come up with a pretty good plan. We are finalizing the details this week, so I should have at least preliminaries details for everyone in the next few days hopefully. As a former miner, I would be happy with the plan. I realize it may not satisfy everyone, but I think it will go a long way to making everyone comfortable with their purchase and address the above issue(s) as well.

They'll most likely deliver and the chips will be among the most efficient available for a while to come. It's time get those monarchs hashing away!

[l3sny]

Good to see some constructive approach from BFL. It is a shame that a company with such potential has let down its customers on so many occasions. Perhaps they are now under pressure after their legal troubles.... time will tell.

[boomertoo]

Any one know why a standing bid can not be placed below the market  for nasty seats?

[OgNasty]

Any one know why a standing bid can not be placed below the market  for nasty seats?

While nonnakip could give you a more official answer, I believe it is due to NastyFans not wanting to hold your funds.  You'll notice that you cannot deposit any BTC anywhere on the site, so there would be no BTC backing any placed bids.

When asked about it back in March, this is the answer I gave to cryptocoinsnews.com:

I think we’re probably the first Bitcoin exchange that doesn’t want to touch your bitcoins and charges no fees of any kind. We don’t allow users to deposit bitcoins, and try to handle them as little as possible. For this reason, we don’t have buy orders on our exchange. We only allow sell orders, and when you want to buy, you send BTC to an address specified for that transfer and those coins are bundled up to save on transaction fees, then sent to the seller. It is a limited trust system that not only keeps our users assured that we aren’t trying to amass their bitcoins for a long con, but it also reduces the regulator risk as we can in no way be confused as a bank, and makes us an unappealing target to thieves.

[boomertoo]

Any one know why a standing bid can not be placed below the market  for nasty seats?

While nonnakip could give you a more official answer, I believe it is due to NastyFans not wanting to hold your funds.  You'll notice that you cannot deposit any BTC anywhere on the site, so there would be no BTC backing any placed bids.

When asked about it back in March, this is the answer I gave to cryptocoinsnews.com:

I think we’re probably the first Bitcoin exchange that doesn’t want to touch your bitcoins and charges no fees of any kind. We don’t allow users to deposit bitcoins, and try to handle them as little as possible. For this reason, we don’t have buy orders on our exchange. We only allow sell orders, and when you want to buy, you send BTC to an address specified for that transfer and those coins are bundled up to save on transaction fees, then sent to the seller. It is a limited trust system that not only keeps our users assured that we aren’t trying to amass their bitcoins for a long con, but it also reduces the regulator risk as we can in no way be confused as a bank, and makes us an unappealing target to thieves.

Thats a good enough reason , thanks for the explanation.

[nonnakip]

Distribution 315794 is complete. Thank you to our donators.