NastyMining - Free Electricity, No Fees, NastyFans.org

[nonnakip]

Distribution 375119 complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window40 0.00002816 BTC per GH/s (43.4%)
window41 0.00011087 BTC per GH/s (171.4%)
window42 0.00003688 BTC per GH/s (59.7%)
window43 0.00004183 BTC per GH/s (68.1%)

[nonnakip]

Distribution 376121 complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window41 0.00011087 BTC per GH/s (171.4%)
window42 0.00003688 BTC per GH/s (59.7%)
window43 0.00004183 BTC per GH/s (68.1%)
window44 0.00005032 BTC per GH/s (84.8%)

[naypalm]

Distribution 376121 complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window41 0.00011087 BTC per GH/s (171.4%)
window42 0.00003688 BTC per GH/s (59.7%)
window43 0.00004183 BTC per GH/s (68.1%)
window44 0.00005032 BTC per GH/s (84.8%)

Thank you!

[OgNasty]

I'll just leave this here for now...

[owlcatz]

I'll just leave this here for now...

How soon??

& How many??

[OgNasty]

How soon??

& How many??

The goal is to have them begin shipping in January.  There will be 225 all silver coins and 25 gold highlighted coins.  I am going to make the 25 gold highlighted coins available in pre-order packages.  They will be 47mm in diameter and will have the same proof-like finish as the 5oz coins.

[naypalm]

Did I pre-order? I have the worst memory

[OgNasty]

Did I pre-order? I have the worst memory

Pre-orders haven't started yet.   

It's a new month once again.  I will plan on having the monthly live chat on Saturday at 12:00pm PST (noon).

[OgNasty]

It's a new month once again.  I will plan on having the monthly live chat on Saturday at 12:00pm PST (noon).

10 minute warning.

EDIT:  I mentioned in the chat that 2oz minted seat pre-orders for the 25 limited gold highlighted coins will begin shortly.  The first ordered S7 has also arrived and is hashing away.

Historical Hashrate
NastyFans Financials

[valkir]

damn didnt have time to join. will wait for the log.

[OgNasty]

Pre-orders for the 2oz Minted Seats have gone live.  There are currently 19 remaining with gold highlights.

https://bitcointalk.org/index.php?topic=1199731.0

[Squirrel Dearing]

Hey guys,
Friday (or was it Thursday?) morning a storm blew out my power briefly.  That effectively took out the X3.  I was finally able to reflash it yesterday and get it configured this morning. It's not 100% configured correctly yet - but it's hashing away again!

[OgNasty]

Hey guys,
Friday (or was it Thursday?) morning a storm blew out my power briefly.  That effectively took out the X3.  I was finally able to reflash it yesterday and get it configured this morning. It's not 100% configured correctly yet - but it's hashing away again!

Great to see it is alive again.  Thank you for your continued support! 

[Equilux]

It's a new month once again.  I will plan on having the monthly live chat on Saturday at 12:00pm PST (noon).

10 minute warning.

EDIT:  I mentioned in the chat that 2oz minted seat pre-orders for the 25 limited gold highlighted coins will begin shortly.  The first ordered S7 has also arrived and is hashing away.

Historical Hashrate
NastyFans Financials

Thanks for the info, always interesting to see historical data!

[OgNasty]

User ZACHM has started working on a pool monitor for NastyPool.  You can view it here: http://nastymonitor.zachmonroe.com/

[PCComf]

User ZACHM has started working on a pool monitor for NastyPool.  You can view it here: http://nastymonitor.zachmonroe.com/

That's excellent news! I also use his service at Kano.is for a couple of miners that occasionally go flaky and it is solid and very useful.

[nonnakip]

Distribution 378170 is complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window43 0.00004183 BTC per GH/s (68.1%)
window44 0.00005032 BTC per GH/s (84.8%)
window45 0.00010722 BTC per GH/s (181.5%)
window46 0.00002880 BTC per GH/s (49.8%)

[ranlo]

It's a new month once again.  I will plan on having the monthly live chat on Saturday at 12:00pm PST (noon).

10 minute warning.

EDIT:  I mentioned in the chat that 2oz minted seat pre-orders for the 25 limited gold highlighted coins will begin shortly.  The first ordered S7 has also arrived and is hashing away.

Historical Hashrate
NastyFans Financials

Thanks for the info, always interesting to see historical data!

Can anyone explain why, for such a volatile area as BTC, the seats are going for what would take 20 years to ROI? This seems highly risky.

[OgNasty]

Can anyone explain why, for such a volatile area as BTC, the seats are going for what would take 20 years to ROI? This seems highly risky.

It is actually below 18 years using the last 9 weeks of data.  However, this period has been slow as we sold off equipment to upgrade to S7s.  We also have not had a great deal of silver sales during that period.  Once our new equipment is all running and the new 2oz coin is officially for sale, I suspect the weekly distributions will rise.

I also don't think there is anything similar in the Bitcoin world to compare to NastyFans.  3+ years of regular weekly BTC distributions is pretty much unheard of for any organization.  The impressive growth, proven longevity, and continued development is the reason why you see seats more closely tracking real world valuations then what you have seen in past BTC offerings.

There are also many opportunities for Bitcoin that have yet to be explored.  For example, I could see NastyFans infrastructure being very attractive to a large scale mining operation that was looking for an automated solution to distribute BTC and ownership stakes to their shareholders.  This could involve licensing agreements, or a buyout.  Not saying this is something that is actively being discussed, but there are several opportunities for increasing the BTC distributions that could come into play in the future.  Mergers with other organizations, development of new sources of donations such as faucets or advertising, new products and further development of the NastyFans credit system...  All good examples of why this shouldn't be valued the way you would value a time set cloud mining contract...

[ranlo]

Can anyone explain why, for such a volatile area as BTC, the seats are going for what would take 20 years to ROI? This seems highly risky.

It is actually below 18 years using the last 9 weeks of data.  However, this period has been slow as we sold off equipment to upgrade to S7s.  We also have not had a great deal of silver sales during that period.  Once our new equipment is all running and the new 2oz coin is officially for sale, I suspect the weekly distributions will rise.

I also don't think there is anything similar in the Bitcoin world to compare to NastyFans.  3+ years of regular weekly BTC distributions is pretty much unheard of for any organization.  The impressive growth, proven longevity, and continued development is the reason why you see seats more closely tracking real world valuations then what you have seen in past BTC offerings.

There are also many opportunities for Bitcoin that have yet to be explored.  For example, I could see NastyFans infrastructure being very attractive to a large scale mining operation that was looking for an automated solution to distributing BTC and ownership stakes to their shareholders.  This could involve licensing agreements, or a buyout.  Not saying this is something that is actively being discussed, but there are several opportunities for increasing the BTC distributions that could come into play in the future.  Mergers with other organizations, development of new sources of donations such as faucets or advertising, new products and further development of the NastyFans credit system...  All good examples of why this shouldn't be valued the way you would value a time set cloud mining contract...

Great answer! I'll follow this for a while and keep up with the updates. You're right in that it's one of the longest-lasting businesses, my only real issue isn't with you, but Bitcoin in general (which is still a risky situation). That said, I may jump on board with at least one seat, .