NastyMining - Free Electricity, No Fees, NastyFans.org

[ErebusBat]

I would like to suggest the auction section also hold a list of buyers and what prices are offered by the buyer.

If I add e-mail notification then I can see this is a possibility. It could work opposite of now. Buyers set price per seat and number of seats and e-mail address for sale notification. Sellers specify how many seats to sell and Bitcoin address to receive payment. Then e-mail is sent to buyers to send payment before block N. If payment is not received before block N the purchase order is automatically canceled and this is nastyfans abuse.

This would all work with current policy. But with current policy payment must be sent within 7 blocks. For e-mail notification this is too fast because maybe buyer does not live on the internet. If we want this then policy must change to allow maybe 145 blocks (1 day) to send payment. Or 433 (3 days) to send payment.

This would not work.  Email, by design, is not reliable for time sensitive communications.  I go on vacation and then out of the blue some NastyFans orders I placed months ago come up so I get dinged for abuse, not gonna work without a very large time frame and sending multiple emails.

WHile I think it would be nice I see of no way to make it work without the funds passing through nonnakip, which he has stated he has NO interest in doing.

Am I mistaken?

[nonnakip]

I just manually canceled a purchase order:

... it's ok that I manually canceled once I realized the fee was gonna be a problem, right?

Yes. That is what the cancel button is for.

nastyfans abuse is only when members allow the purchase order to automatically cancel. And in abuse cases I will not terminate a account immediately. Maybe it was a accident. But if I see obvious abuses then there is danger of account termination.

Example: A member clicks to buy 800 seats and lets the purchase order auto-cancel. The 800 seats are locked for 7 blocks! And if a member does this with repeats then it is clearly abusing nastyfans.

Members do not need to be afraid. Be free to try features and click buttons. Maybe you want to let a 1-seat buy auto-cancel to see what it looks like. Do it. Do not be afraid. Members need to be comfortable with the nastyfans site. But try to keep the experiments harmless.

[nonnakip]

Then e-mail is sent to buyers to send payment before block N. If payment is not received before block N the purchase order is automatically canceled and this is nastyfans abuse.

This would not work.  Email, by design, is not reliable for time sensitive communications.  I go on vacation and then out of the blue some NastyFans orders I placed months ago come up so I get dinged for abuse, not gonna work without a very large time frame and sending multiple emails.

Yes. This is a good point. But I would contact you and we discuss the issue first. If it is not clearly a abuse situation then I have no problems with it.

WHile I think it would be nice I see of no way to make it work without the funds passing through nonnakip, which he has stated he has NO interest in doing.

Am I mistaken?

All funds do pass through nastyfans. This is how transactions are confirmed before transferring ownership and sending payment to seller. But nastyfans is only temporary storage as proxy.

I do not want to be a bank. If members can pre-pay for orders then they must also be able to cancel orders and receive a refund. This is like a bank.

Example: A member pre-pays a order for 10000 seats at 0.01 BTC. Now nastyfans is holding 100 BTC for a order that will never happen. I do not want this. I do not want your Bitcoins. Please do not trust me with them.

I like the sells only system because its less attractive for day trading and price manipulation. Imho this is just as much an investment in bitcoin security as an investment that returns profits.

I agree here. Many people use exchanges for financial gain in the exchange but do not really care about the securities that are traded. For us this translates to members using nastyfans to earn Bitcoin from trading seats but do not care about NASTY MINING. This is not why nastyfans exists. Our interest should be NASTY MINING.

The auction was never intended as a medium for high-frequency trading. It is available for non-members to become members or members to increase/reduce the fan level or members to exit nastyfans. It is not intended for earning Bitcoin by buying low and selling high. Some members might do this and that is their decision. But that was not my intention and it is the reason I did not try to introduce a bid component of the auction.

I am willing to introduce a bid component based on e-mail notification... if I decide to allow e-mail notification... but I will not accept Bitcoins in any form as advance payment.

[kuzetsa]

((...snip...))

For a distribution the current seat numbers are checked then the bitcoind command is generated then the command is executed. Since micro coin problems are solved the generated command is executed without problems and with only 0.0005 BTC tx fee.

The system is automated and works very well.

((...snip...))

Automated?

Partially automated?

Do you need to manually run a command or what? ... The transactions aren't generated at the same time every week / there doesn't appear to have been one yet this week, so I'm just curious.
(I run a very well-connected bitcoin node, and rarely fewer than 50-60 connections to the bitcoin network, so I typically spot most transactions before they get their first confirmation)

Basically, I'm just asking because it'll be easier to interpolate data to determine the actual mining rate (donations versus difficulty / time / etc.) if the distribution is run on a consistent schedule... Of course, the "payout threshold" will still cause some quantization jitter, but that's no big deal (so far it seems like the pools are set up to wait for a whole 1 BTC before payouts)

Thanks for all the time and effort getting things running


Edited to add:

Ah, and 6 hours later, here it is:

Today's distribution 663f55206f0c54bbfbdcef6c991c5aa44ca6fdcae8c98a5bc5d250fb3f14bce0 - Size: 4337 (bytes) / 0.0005 BTC transaction fee

Considering the size, that fee is actually a little low. I suppose it was just high enough for the network NOT to outright refuse to relay it, though it might be a while before the first confirmation in a block.

Thanks again

[nonnakip]

The system is automated and works very well.

Automated?

Partially automated?

Do you need to manually run a command or what? ... The transactions aren't generated at the same time every week / there doesn't appear to have been one yet this week, so I'm just curious.

Please think that the system is still in development. So sometimes I use manual triggers for things like distributions to be sure it works as it should.

For distribution 218055 the new things are:

• include refunds for overpayments
• do not distribute the 0.006 BTC that I donated to replace refunds

The refunds work O.K. but there was a error and my 0.006 BTC was distributed. This was human error because I forgot to subtract 0.006 from total before distribution. For the next distribution I will not distribute 0.006 BTC. Then everything is clean again.

Distributions are more complicated when they include refunds. But it saves tx fees to include the refunds in distributions. This allows refunds in full. And I do not expect to do refunds often.

[l3sny]

Hi
any news about our ASIC?

[kuzetsa]

Hi
any news about our ASIC?

If you haven't seen this, it's the timetable which was posted by BFL earlier this month:

13 January 2013 BFL ASIC UPDATE (originally posted on BFL's own forum)

Code:

Here is the currently estimated timeline, and while this is subject to change of course, it's pretty solid at this time:


Week of January 13th
-Travel to packaging facility for final prep and walkthrough
-Confirm travel plans and trip details with lead ASIC engineer for trip to fab

Week of January 20th
-Final assembly facility prep
-Leave for fab at the end of the week

In theory, I guess we're right about at this point in the timeline?

Code:

Week of January 26th
-Final chips roll off the line
-Grab suitcase, a BMW or a Peugeot and make a break for the airport, Ronin style (You can see Tom about 6 minutes, 20 seconds into the video)
-Arrive California at chip packaging plant
-KC facility starts assembly process of units to drop PCB into

And this part is still to come?

Code:

Week of February 3rd
-Chips packaged
-Packaged chips sent to assembly house
-Assembled PCB is set for final testing and MCU programming
-Notify users to start sending their FPGA units or BTC for trade in participants
-Bulk assembled PCBs arrive in KC, we start dropping PCBs into waiting units
-Boxing/labeling for shipment

Week of February 10th
-We implement the 1/3 shipping plan en mass
--1/3 of our assembled units will go to new orders in FIFO
--1/3 of our assembled units will go to upgrade orders
--1/3 will be randomly selected from both groups
-We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust

[l3sny]

Thank you, good man.

[kuzetsa]

Thank you, good man.

True fact: Women exist, and know how to use computers / internet.

Monthly internet traffic counted and aggregated across many of the most popular sites on the internet...
Usage / site hits / view count (per monthly traffic reports) on average has 99 million more female users than male.

Either way though: "Sure, you're welcome / no problem"





Edited to add:

Just in case the imgur hosting platform some day ends up deleting the chart, here's this too:

(( source / link ))

[🏰 TradeFortress 🏰]

^ I understand your point completely but was that really necessary?

[kuzetsa]

^ I understand your point completely but was that really necessary?

Was that dismissive comment really necessary?



See also: derailing...

[🏰 TradeFortress 🏰]

^ I understand your point completely but was that really necessary?

Was that dismissive comment really necessary?



See also: derailing...

arb

I didn't intend to be rude, and I apologize if you took that post that way (guess the instance can be interpreted in a significantly different wiay). However, the combination of a long inforgraphic (on a bitcoin mining asset thread!), and other made me feel that it's really overreacting, unnecessary to a single line comment. Not saying that it's not worthy to address, but a screen-height reply?

It's like getting annoyed by the term "manslaughter" or "manmade", and FYI I'm really supportive of gender identity, transgender people, using xe/xyr in neutral/preferred cases, etc. Gender is an arbitrary (and often assumed binary) divider, especially on the internet. But I'm going to stop before this thread gets even more offtopic

Ontopic; I wonder what would have happened if Nasty Mining reinvested a portion of the mining returns, in order to combat rising difficulties and present non-decreasing dividends.

[nonnakip]

I wonder what would have happened if Nasty Mining reinvested a portion of the mining returns, in order to combat rising difficulties and present non-decreasing dividends.

There are 12 ASIC on order. I think that will combat rising difficulties.

[Timbo925]

I wonder what would have happened if Nasty Mining reinvested a portion of the mining returns, in order to combat rising difficulties and present non-decreasing dividends.

There are 12 ASIC on order. I think that will combat rising difficulties.

Isn't Ognasty still holding a lot of shares to be sold. And the profits of this seats being sold will go to the ordering of new hardware?
Or am I completely wrong on this

[OgNasty]

Isn't Ognasty still holding a lot of shares to be sold. And the profits of this seats being sold will go to the ordering of new hardware?

I will activate my seats when ASICs arrive, but further expansion is high on the list of priorities for me.  Right now I'm waiting to see what will happen with the bASIC situation before proceeding on that front.  Currently, we have an estimated 29.76MH/s in ASICs ordered per seat (including mine).  That is roughly a 3,000% increase over today's MH/s per seat.  I have also started brainstorming a plan to increase our hashing power to 50MH/s per seat, but it will depend on the ongoing demand for seats.

[nonnakip]

I decide to add e-mail notification. You can set a e-mail address in the account settings. E-mail is sent for:

• new poll open
• poll close with results
• account status change (warning probation suspension termination)
• policy change

E-mail always has 2 attachments. The text message and a Bitcoin signature from the donation address. If the signature is not included or is not valid then it is not a e-mail from nastyfans. Also I will never include links in e-mail.

[nonnakip]

Distribution 219119 is complete. This distribution refunds the 0.006 BTC for overpayments previously distributed.

The "Total Received" from the donation address

https://blockchain.info/address/1EwtTKJaXAtctSFqCQKU3LiCg9dqYPEkxN

is equal to the total donations distributed to members plus 0.004 BTC (8 distributions each with 0.0005 tx fee took from donations) plus donations not yet distributed.

Now nastyfans is clean. 

[ErebusBat]

I will activate my seats when ASICs arrive,

Any news on this now that the Avalon has apparently come out of vaporware?

[camolist]

i apologize for calling this a scam

have gotten into my account at nastyfans.org and set an address (and got the last donation)
OgNasty and nonnakip have obviously put a lot of work into this to get past the glbse mess


i will however not take back saying it was wrong to put a deadline for making a claim to what is yours OR sending "donations" out that should be also going to people who had not claimed yet.

all in all it looks like i missed out on 0.1143537. it's a very small amount but it's just the principle of the matter. i bought this and just because i did not check the thread and set an address you already had lost it. that is not right

[nonnakip]

i apologize for calling this a scam

have gotten into my account at nastyfans.org and set an address (and got the last donation)
OgNasty and nonnakip have obviously put a lot of work into this to get past the glbse mess

Thank you. As promised:

https://blockchain.info/tx/01a79e59c0e398df295c40bc288747b9a8b1b3416395462106225a99f66a0d96

i will however not take back saying it was wrong to put a deadline for making a claim to what is yours OR sending "donations" out that should be also going to people who had not claimed yet.

all in all it looks like i missed out on 0.1143537. it's a very small amount but it's just the principle of the matter. i bought this and just because i did not check the thread and set an address you already had lost it. that is not right

I understand your anger. We try as best we can to move on.