Can someone explain to me how this site works, I have read the OP and the website itself at least a half dozen times but I still dont fully understand it.
What I do understand
A minted seat gets you cloud mining basically?
As simplified as possible...
A seat entitles you to 1/30,000th of 75% of donations received at the NastyFans address. NastyFans donations come from Minted Seat sales, NastyMining mined coins, or other community donation efforts.
It is in no way cloud mining. Cloud mining is where they collect your money, claim inflated costs, and then shut down your contract when it is no longer profitable. With NastyFans there are no operating costs and it won't be shut down unless people lose interest in the project.
What would be a favorable price? And are you looking to buy second hand or from Bitmain?
I don't think there will be an opportunity to buy secondhand from Bitmain for quite some time. I also think that the first few batches have been littered with problems. When they start offering full speed units for below 2.5 BTC, I will start looking at making a purchase. I'm open to opinions on this as well. I am hoping that we'll see a price spike provide a good buying opportunity at some point, but with us being down to only 1 S7, I am highly motivated to increase our hashrate. However, I don't want to overspend our savings on miners just to have to run them downclocked because of the summer heat and hardware bugs still being worked through.