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Author Topic: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)  (Read 798963 times)
OgNasty
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February 27, 2016, 08:05:03 PM
 #3281

The gold highlighted Minted Seats have arrived.  They look great.  The 2oz version is already sold out, and I have 2 left of the 5oz version.  They were minted in the following numbers: 50/1oz, 25/2oz, 10/5oz. 


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ManeBjorn
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February 28, 2016, 07:53:53 PM
 #3282

Just WOW. I really love these.
I am still saving for one.


The gold highlighted Minted Seats have arrived.  They look great.  The 2oz version is already sold out, and I have 2 left of the 5oz version.  They were minted in the following numbers: 50/1oz, 25/2oz, 10/5oz. 



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March 02, 2016, 11:39:10 PM
 #3283

I got our RMA S7 board from Bitmain today.  I've installed it and so far so good.

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OgNasty
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March 03, 2016, 03:29:07 AM
 #3284

I decided to create/update a few websites to help visibility and give fans a place to point potential members besides this thread.  I also took the liberty of including many of your avatars in the NastyMining Portal.  TheAnalogKid has graciously offered to host these websites.  The source is pulled from GitHub, and anyone should feel free to contribute.  You can reach my GitHub account here: https://github.com/OgNasty

NastyMining Portal: http://mining.nastyfans.org
NastyFans iOS Portal: http://ios.nastyfans.org
Developer Center: http://dev.nastyfans.org

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wttbs
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March 03, 2016, 05:45:06 AM
 #3285

I decided to create/update a few websites to help visibility and give fans a place to point potential members besides this thread.  I also took the liberty of including many of your avatars in the NastyMining Portal.  TheAnalogKid has graciously offered to host these websites.  The source is pulled from GitHub, and anyone should feel free to contribute.  You can reach my GitHub account here: https://github.com/OgNasty

NastyMining Portal: http://mining.nastyfans.org
NastyFans iOS Portal: http://ios.nastyfans.org
Developer Center: http://dev.nastyfans.org

Took a quick look and the websites and they are great ! job well done.

│G│u│l│d│e│n│ Added value for your money │Gulden.com│  §   |\/| Welcome To The GuldenShop |\/|
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March 04, 2016, 10:09:36 PM
 #3286

Distribution 401164 is complete. nastyfans appreciates the (even if small) donations. Thank you miners.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window64 0.00000020 BTC per GH/s (0.8%)
window65 0.00001763 BTC per GH/s (72.5%)
window66 0.00000049 BTC per GH/s (2.3%)
window67 0.00000000 BTC per GH/s (0.0%)

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March 09, 2016, 12:50:58 AM
 #3287

I am new to the club but I have what is left of my hashing power pointed to the pool

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March 09, 2016, 06:57:45 PM
 #3288

I have sold off our twice repaired S7 for 1.85 BTC.  I felt this was necessary to make sure that we will have BTC to purchase 16nm equipment when it is released.

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Squirrel Dearing
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March 09, 2016, 08:17:51 PM
 #3289

Hey all,
Long time.. I just wanted to let everyone know that some time ago (before Christmas) all miners that I was hosting finally died..

I may try one last thing to get them running again but I'm not holding my breath.

Anyway, Stay Nasty!

nonnakip
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March 13, 2016, 11:52:17 AM
 #3290

Distribution 402462 is complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window65 0.00001763 BTC per GH/s (72.5%)
window66 0.00000049 BTC per GH/s (2.3%)
window67 0.00000000 BTC per GH/s (0.0%)
window68 0.00003109 BTC per GH/s (140.0%)

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March 21, 2016, 06:43:10 PM
 #3291

As some of you may be aware, our payouts have become quite erratic due to the diminishing hashrate of p2pool.  This has been effecting operations and I'd like to hear some opinions from fans about the situation.

We do have some options...  We could explore solo mining a less difficult coin such as PPC and converting the earnings to BTC for distributions.  We could move our hashrate to a larger private BTC mining pool to reduce variance.  We could stick with p2pool and hope that things improve.  We could also do a combination of the above.  Our decision to support p2pool was highly based on doing what is best for Bitcoin, but I feel as though it is starting to negatively effect our operation as centralized mining becomes more and more prevalent.  With the problem seemingly getting worse before it improves, I think the time is now to start discussing alternatives.  Please feel free to share your thoughts.

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March 21, 2016, 07:07:29 PM
 #3292

As some of you may be aware, our payouts have become quite erratic due to the diminishing hashrate of p2pool.  This has been effecting operations and I'd like to hear some opinions from fans about the situation.

We do have some options...  We could explore solo mining a less difficult coin such as PPC and converting the earnings to BTC for distributions.  We could move our hashrate to a larger private BTC mining pool to reduce variance.  We could stick with p2pool and hope that things improve.  We could also do a combination of the above.  Our decision to support p2pool was highly based on doing what is best for Bitcoin, but I feel as though it is starting to negatively effect our operation as centralized mining becomes more and more prevalent.  With the problem seemingly getting worse before it improves, I think the time is now to start discussing alternatives.  Please feel free to share your thoughts.

PPC is lower difficulty but I don't think it will be (much) more profitable than mining BTC at a BTC-pool. If I may suggest NastyFans Mining could join one of the best pools there is: kano.is. Kano has a good vision on Bitcoin and mining, he runs his pool very good and with transparant and open communication. The pool is also very stable and rather small which keeps decentralized in a way. For more info about his pool check his thread: https://bitcointalk.org/index.php?topic=789369.0

│G│u│l│d│e│n│ Added value for your money │Gulden.com│  §   |\/| Welcome To The GuldenShop |\/|
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March 21, 2016, 08:20:28 PM
 #3293

As some of you may be aware, our payouts have become quite erratic due to the diminishing hashrate of p2pool.  This has been effecting operations and I'd like to hear some opinions from fans about the situation.

We do have some options...  We could explore solo mining a less difficult coin such as PPC and converting the earnings to BTC for distributions.  We could move our hashrate to a larger private BTC mining pool to reduce variance.  We could stick with p2pool and hope that things improve.  We could also do a combination of the above.  Our decision to support p2pool was highly based on doing what is best for Bitcoin, but I feel as though it is starting to negatively effect our operation as centralized mining becomes more and more prevalent.  With the problem seemingly getting worse before it improves, I think the time is now to start discussing alternatives.  Please feel free to share your thoughts.

Hi Og,

here my thoughts on the Situation:

1. If everybody leaves p2pool it's finally dead ... and i personally don't like that idea! But also, i only mine with 1TH there, because like most of us i have opperating costs...

2. Please don't switch to altcoin-mining in any way. Possible profit or not!

I would propose: Split the Hashrate half p2pool and half kano.is (i just can underline wttbs's comment about kano.is!)
This way there would be nearly guaranteed weekly distributions, and from time to time, one is a bit larger when p2pool hits, or even better have a good luck streak somewhen ... again, maybe, hopefully  Smiley

Best Wishes!

P.S.

Personally i would just risk pointing the Avalon6 (is it still there?) to solo.ck  forget that investion and hope for the best! But sure, that gambling with funds, would need a poll ... but i like to leave it here anyway!
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March 21, 2016, 08:43:14 PM
 #3294

kano is a for-profit pool operator.  I don't think it aligns with our principles to mine that way.

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March 21, 2016, 08:55:20 PM
 #3295

kano is a for-profit pool operator.  I don't think it aligns with our principles to mine that way.

Ok, i'm not going to comment against your statement about kano...


"We could move our hashrate to a larger private BTC mining pool to reduce variance"


Then i don't know or understand which larger private BTC mining pool you would propose?

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March 21, 2016, 09:10:37 PM
 #3296

kano is a for-profit pool operator.  I don't think it aligns with our principles to mine that way.

Ok, i'm not going to comment against your statement about kano...


"We could move our hashrate to a larger private BTC mining pool to reduce variance"


Then i don't know or understand which larger private BTC mining pool you would propose?

I have admittedly not researched what other pools are doing in quite some time.  There are many other factors than just operator fee, but I would like to think that 0% fee pools still exist.  Is ELIGIUS still 0% fee?

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Fingolfin
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March 21, 2016, 09:57:24 PM
 #3297

kano is a for-profit pool operator.  I don't think it aligns with our principles to mine that way.

Ok, i'm not going to comment against your statement about kano...


"We could move our hashrate to a larger private BTC mining pool to reduce variance"


Then i don't know or understand which larger private BTC mining pool you would propose?

I have admittedly not researched what other pools are doing in quite some time.  There are many other factors than just operator fee, but I would like to think that 0% fee pools still exist.  Is ELIGIUS still 0% fee?

Yes, i think eligius is still 0% but keeps the trx-fees! But i don't know for sure! But i always had a bad felling when i've opend the site, and never pointed any miners there in 2 years mining. Later i've read some "Cat Fight" between kano and the eligius operator ... just underlined my opinion against eligius...


And yes there are other factors then just op fees! Sorry i was to fast in the last post (also i thought maybe you have other issues with kano then the 0.9% Fees)

If you compare a pool with 0% fees that keeps the trx-fees with kano.is that take 0.9% for operating cost and his work, but pays out the trx-fees to miners then you have a better result, income wise.  (Last 100 Blocks at kano.is 1.3% TRX-fees included in the Blocks and before payout he deduct 0.9% op fee)

Regarding  principles:  I don't see the difference (principle wise) between keeping the trx-fees and 0% fee  like p2pool or eligius  or  paying out trx-fees and charging some small operating fees.

So if you dont know any legit "real private" (means not open to the public) pool that operates for free and pays out the Block Reward + trx-fees then i still would vote for kano.is / p2pool split!

You also can read many other good reasons for kano.is, why his phylosophy won't hurt Bitcoin, in his thread ... just have become to large to read up since he had that big grow lately.... But the most important part is simply he don't SPV mine and always fill up his Blocks! That keeps the Network running instead of just stealling Blocks like many others do!

Enough for today! Let's wait if someone else has anything to say... hopefully... and i also think on a bit Smiley

Best Wishes!

OgNasty
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March 22, 2016, 10:20:22 PM
 #3298

Personally i would just risk pointing the Avalon6 (is it still there?) to solo.ck  forget that investion and hope for the best! But sure, that gambling with funds, would need a poll ... but i like to leave it here anyway!

I feel like that would be a bad bet.  I did decide to do some testing with the Avalon6.  I pointed it at a PPC pool for a bit to see how that process would work (resulting in this donation) and it is currently pointed at Eligius.


UPDATE:

The first gold highlighted Minted Seat has been shipped

I have successfully engraved the first silver 2oz Minted Seat.

The 2oz .9999 Gold Minted Seats have sold out.  This will result in a $5,000 donation to NastyFans.

I would also like to explore the issue with member accounts on suspension.  It appears as though there are members who have been on suspension indefinitely.  I think we should explore enforcement of the termination policy.  However, I feel that the current policy is too harsh.  I would like to motion for a poll to extend the term of each probation/suspension/termination period in the NastyFans policy from 90 days to 1 year.  Thoughts?

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Fingolfin
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March 23, 2016, 07:36:45 AM
 #3299

Personally i would just risk pointing the Avalon6 (is it still there?) to solo.ck  forget that investion and hope for the best! But sure, that gambling with funds, would need a poll ... but i like to leave it here anyway!

I feel like that would be a bad bet.  I did decide to do some testing with the Avalon6.  I pointed it at a PPC pool for a bit to see how that process would work (resulting in this donation) and it is currently pointed at Eligius.


UPDATE:

The first gold highlighted Minted Seat has been shipped.  

I have successfully engraved the first silver 2oz Minted Seat.

The 2oz .9999 Gold Minted Seats have sold out.  This will result in a $5,000 donation to NastyFans.

I would also like to explore the issue with member accounts on suspension.  It appears as though there are members who have been on suspension indefinitely.  I think we should explore enforcement of the termination policy.  However, I feel that the current policy is too harsh.  I would like to motion for a poll to extend the term of each probation/suspension/termination period in the NastyFans policy from 90 days to 1 year.  Thoughts?

Regarding Pools:

Yes, sure, solomining Bitcoin with that Avalon wouldn't have been a realistic bet : )   .....  but nice, you didn't complety overread it.

Anyway, you decided for Eligius, when i read the front page right, they also payout trx-fees. Right?   Then my assumption that they don't, was wrong! Sorry. There is only the payout-queque left that maybe won't be the best for Nasty-Mining:

Quote from there Website : "Miners qualify for a payout once their pool balance reaches a minimum of 40 TBC (0.04194304 BTC) - this is configurable."
Which adress you are mining to there? I'm interested to follow the progress from time to time.

Would have been nice if more members had wrote / or will write their opinion or suggestions  Smiley


Regarding accounts on suspension:

I also think an expansion of the timeframe would be nice, even i'm not sure if i will regularly login within 3 month in the future. 1 Year would be approriate in my opinion.


One other thing, regarding expansion of the mining operation:

Is it right that the current ratio for spliting the mining reward is: 75% Donation to Fans and 25% to Nasty Mining?
I think 50% / 50% would lead to better results long term, and gives Nasty-Mining a much better possibilitie to expand!

I think that was discussed in the past, and the current sitiuation was a result of a poll, but maybe meanwhile you (Og) and other members see the Situation different and also want to poll about? Just a thought....
OgNasty
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March 23, 2016, 03:56:34 PM
 #3300

Anyway, you decided for Eligius, when i read the front page right, they also payout trx-fees. Right?   Then my assumption that they don't, was wrong! Sorry. There is only the payout-queque left that maybe won't be the best for Nasty-Mining:

Quote from there Website : "Miners qualify for a payout once their pool balance reaches a minimum of 40 TBC (0.04194304 BTC) - this is configurable."
Which adress you are mining to there? I'm interested to follow the progress from time to time.

I wouldn't say I've "decided" on Eligius.  I've done very little besides check out the interface and point a miner there.  I am testing it out to see how the experience is.  Coins are currently being mined to: 1NFovp71B2b1e4DTvLAeN7WXETrJ6u1PdA and 100% will be donated to NastyFans.


Would have been nice if more members had wrote / or will write their opinion or suggestions  Smiley

Agreed.


Regarding accounts on suspension:

I also think an expansion of the timeframe would be nice, even i'm not sure if i will regularly login within 3 month in the future. 1 Year would be approriate in my opinion.

Agreed.  I'm sure there will be a poll in the future for this.


One other thing, regarding expansion of the mining operation:

Is it right that the current ratio for spliting the mining reward is: 75% Donation to Fans and 25% to Nasty Mining?
I think 50% / 50% would lead to better results long term, and gives Nasty-Mining a much better possibilitie to expand!

I think that was discussed in the past, and the current sitiuation was a result of a poll, but maybe meanwhile you (Og) and other members see the Situation different and also want to poll about? Just a thought....

There are 2 reasons why the split is currently 75/25.  One is that the donated coins aren't exclusively from mining.  Recently, silver sales have played a much larger role in the distributions.  I believe silver sales should largely be paid out to the seats, so the 75/25 split represents that belief.  The other reason is that I pay 100% of the electricity costs out of my own pocket.  We could spend 100% of the coins on expanding the mining operation and even do funding rounds to get us up to 1PH/s.  However, without first securing something like solar energy to pay for said expansion, I would go bankrupt from electricity costs and it would be game over.  I have been toying with the idea of selling off a large portion of my personal holdings in order to pay for a solar array, as this has been my wish from day 1 and would benefit the organization as a whole in many ways from decentralizing ownership to giving us a responsible "green" reputation.  I'm just not sure the best way to go about doing so.  I think an 85 BTC investment would put NastyMining in a position where we could have room to expand and be able to take advantage of older cheaper equipment.  Perhaps that is something I will put more effort into exploring once the gold coins have been produced.  If there is anyone out there looking to make a large investment (5+ BTC only), please let me know and I will keep you in the loop if a funding opportunity does become available.  Currently, an 85 BTC purchase on the auction is a bit unrealistic due to the result it would have on the seat price, so large potential NastyFans seat owners have been discouraged from entering the market.  This could be a good opportunity to hop in without that concern.  This organization can grow as large as we'd like it to be, but it must be done correctly to ensure that it is sustainable long term.  I do not want to be put in the position where a personal financial hardship or profitability concerns result in scaling back current operations.  I believe solar is the best way to address those concerns and feel there is no better organization to carry this long term responsibility.

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