NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)

[OgNasty]

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits.  This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.  

Looking forward to becoming a fellow shareholder.  Have it shipped first thing Monday morning.

I have in my possession, a revision 1 BFL Single sent by kibblesnbits.  Tonight I will use the BFL software to test and load the appropriate bitstream.  Once the appropriate bitstream has been loaded, I will begin a 24 hour test to make sure the unit is functioning properly.  If everything checks out, I will get this thing hashing for us in hopes to provide a small dividend this coming Saturday.

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[ErebusBat]

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits.  This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.  

Looking forward to becoming a fellow shareholder.  Have it shipped first thing Monday morning.

I have in my possession, a revision 1 BFL Single sent by kibblesnbits.  Tonight I will use the BFL software to test and load the appropriate bitstream.  Once the appropriate bitstream has been loaded, I will begin a 24 hour test to make sure the unit is functioning properly.  If everything checks out, I will get this thing hashing for us in hopes to provide a small dividend this coming Saturday.

YAY!

[kibblesnbits]

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits.  This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.  

Looking forward to becoming a fellow shareholder.  Have it shipped first thing Monday morning.

I have in my possession, a revision 1 BFL Single sent by kibblesnbits.  Tonight I will use the BFL software to test and load the appropriate bitstream.  Once the appropriate bitstream has been loaded, I will begin a 24 hour test to make sure the unit is functioning properly.  If everything checks out, I will get this thing hashing for us in hopes to provide a small dividend this coming Saturday.

Actually that's a Rev. 3 (heat pipes). The sheet that came with it says rev 1.  I think they kept that same sheet for most of the newer orders.  Keep 'er cool!

[OgNasty]

Actually that's a Rev. 3 (heat pipes). The sheet that came with it says rev 1.  I think they kept that same sheet for most of the newer orders.  Keep 'er cool!

Interesting.  I thought all the Rev. 3's had a second fan installed on the bottom. Auto-tuning it now with BFL software to determine the proper bitstream.

On another note, I've received an email from Butterfly Labs saying that our next 2 BFL Singles have shipped and we should receive them by Monday.

[ianspain]

Actually that's a Rev. 3 (heat pipes). The sheet that came with it says rev 1.  I think they kept that same sheet for most of the newer orders.  Keep 'er cool!

Interesting.  I thought all the Rev. 3's had a second fan installed on the bottom. Auto-tuning it now with BFL software to determine the proper bitstream.

On another note, I've received an email from Butterfly Labs saying that our next 2 BFL Singles have shipped and we should receive them by Monday.

 

[OgNasty]

Auto-tuning it now with BFL software to determine the proper bitstream.

I auto-tuned the BFL Single and installed the 832MH/s bitstream as recommended.  Testing is currently underway and this BFL Single will be hashing for us before the end of the day...  Which brings us to a question.  What pool do we want to use?

For those not familiar with GPUMAX, when public work is not available, it falls back to your standard pool.  I'll admit I haven't researched Bitcoin Mining Pools in a while, but did go over a few of the larger ones last night.  I decided that Ozcoin Mining Pool would work best for our purposes, due to their low fees, automatic NMC->BTC conversion, and Double Geometric Payout Method.  If no shareholders are opposed, in addition to GPUMAX, we will be mining with Ozcoin.  This morning I setup an account and set the donation rate at 1%, but am open to suggestions on what we should be making as far as a pool donation as well.

[ErebusBat]

Auto-tuning it now with BFL software to determine the proper bitstream.

I auto-tuned the BFL Single and installed the 832MH/s bitstream as recommended.  Testing is currently underway and this BFL Single will be hashing for us before the end of the day...  Which brings us to a question.  What pool do we want to use?

For those not familiar with GPUMAX, when public work is not available, it falls back to your standard pool.  I'll admit I haven't researched Bitcoin Mining Pools in a while, but did go over a few of the larger ones last night.  I decided that Ozcoin Mining Pool would work best for our purposes, due to their low fees, automatic NMC->BTC conversion, and Double Geometric Payout Method.  If no shareholders are opposed, in addition to GPUMAX, we will be mining with Ozcoin.  This morning I setup an account and set the donation rate at 1%, but am open to suggestions on what we should be making as far as a pool donation as well.

With my measly share count I have the following input:

• Use GPUMAX, as long as we don't have some of the timeout errors other have been reporting
• I think 1% donation is a good idea, karma people karma
• I am not in a position to compare pools, so I will abstain from that vote

Also I assume that the dividends will not payout at the contracted 20Mh/share yet.  Do we have a count of what the Mh/share will be for these first tiny payouts?

[floeti]

As backup-pool I would like to recommend eclipsemc. They seem to have nearly equal conditions as ozcoin.

Do you run the BFL-Software? Did you consider using cgminer instead?
I don't know how well the BFL-Software works, but cgminer seems to distribute shares among pools very efficiently, so only few shares are lost, if the main pool is lagging or down.

[ErebusBat]

Do you run the BFL-Software? Did you consider using cgminer instead?
I don't know how well the BFL-Software works, but cgminer seems to distribute shares among pools very efficiently, so only few shares are lost, if the main pool is lagging or down.

This is a good question.... I have heard very good things about cgminer.

Also now that we are getting to business... did you have any plans of putting up a status page OgNasty so we can check on the farm status?

[OgNasty]

Also I assume that the dividends will not payout at the contracted 20Mh/share yet.  Do we have a count of what the Mh/share will be for these first tiny payouts?

Please do not look too much into tomorrow's dividend payment.  It will only be for a few hours of hashing at about 0.2MH/s per share.  Next week's dividend should be about 0.65MH/s per share for a majority of the week.  Then we're back to waiting on more BFL Single shipments for further increases.  I would also like to stress that this is an actual mining operation and not a theoretical bond payout like a majority of other mining investments on the GLBSE.  That being said, variance and luck will play a role in our dividend payments.

As backup-pool I would like to recommend eclipsemc. They seem to have nearly equal conditions as ozcoin.

I will look into eclipsemc.  It is run by one of our GLBSE competitors, but I'm open to having a backup, or even a few backup pools.  You can never have too many backups.

Do you run the BFL-Software? Did you consider using cgminer instead?

No, I don't run the BFL-Software to mine, only to run tests and install bitstreams.  We will be using cgminer as I am a big fan of the software. 

Also now that we are getting to business... did you have any plans of putting up a status page OgNasty so we can check on the farm status?

I did secure NastyMining.bit in order to have a farm status page.  I have LOTS of ideas I would like to implement and I have had discussions with an extremely talented programmer in order to bring those ideas to reality.  It will happen eventually, but when it comes to working for free, things take time.  What I can tell you is that it will be done right, and it will be awesome.

[ErebusBat]

Great answers, thanks OgNasty.

I would request to be kept up to date on the current status of the MH/share.

Thanks!

[miscreanity]

As backup-pool I would like to recommend eclipsemc. They seem to have nearly equal conditions as ozcoin.

I will look into eclipsemc.  It is run by one of our GLBSE competitors, but I'm open to having a backup, or even a few backup pools.  You can never have too many backups.

+1 for Oz and Eclipse.

MaxBTC also offers DGM and NMC merged mining with 2-factor auth; adding 0.75% 'donation' enables automatic payout. I make use of GPUMAX with a private setting for each of those three pools and set as failovers for cgminer, including a local bitcoind - just in case

Example cgminer pool config:

Code:

"pools" : [
        {
                "url" : "http://gpumax.com",
                "user" : "u",
                "pass" : "p"
        },
        {
                "url" : "http://pool.maxbtc.com",
                "user" : "u",
                "pass" : "p"
        },
        {
                "url" : "http://ozco.in",
                "user" : "u",
                "pass" : "p"
        },
        {
                "url" : "http://eclipsemc.com",
                "user" : "u",
                "pass" : "p"
        },
        {
                "url" : "http://localhost:8332",
                "user" : "u",
                "pass" : "p"
        }
],

With that configuration, about 2% of additional share submissions are accepted by failover pools.

[OgNasty]

We're live on GPUMAX.  Currently getting around 125% PPS.   

[ErebusBat]

We're live on GPUMAX.  Currently getting around 125% PPS.   

Sweet,

Purchasing more shares now....

[kibblesnbits]

Very cool.  Did you get a confirmation on the rev3?  I had two orders of five, and only one came with an extra fan on the bottom.  I thought that one was an earlier rev. 

[OgNasty]

Very cool.  Did you get a confirmation on the rev3?  I had two orders of five, and only one came with an extra fan on the bottom.  I thought that one was an earlier rev. 

I never looked into it.  It works and Butterfly Labs will accept it as a trade in for an ASIC, so I'm happy either way.  I should be getting 2 more of them on Monday and I'll let you know if they have the extra fans or not.

[Equilux]

Very cool.  Did you get a confirmation on the rev3?  I had two orders of five, and only one came with an extra fan on the bottom.  I thought that one was an earlier rev.  

From what I've read elsewhere on the forums, it's normal for some rev3's to have a extra fan, and this isn't exclusively something for older versions. The explanation from BFL was about how making silicon-products is more or less an organic process, and therefor not all Singles come out the same, and some need extra cooling to perform to spec. I'm really glad that mine only has one, since it's standing in my bedroom!

P.S. Ognasty, i'm really stoked to see that this security is now up and running, thanks for your effort!

[OgNasty]

Our first mined Bitcoin has been sent as a BTC1 donation.  
Weekly donations to follow.

[TechCF]

MaxBTC also offers DGM and NMC merged mining with 2-factor auth; adding 0.75% 'donation' enables automatic payout. I make use of GPUMAX with a private setting for each of those three pools and set as failovers for cgminer, including a local bitcoind - just in case

MaxBTC is also a favorite of mine.

Thanks for the first dividend payout. This is the start of a great mining venture!

[OgNasty]

One of our originally ordered BFL Singles showed up in the mail today (no extra fan on the bottom).  I've emailed Butterfly Labs asking why there was only 1 when the order was for 2.  Hopefully the next one shows up soon.  In any event, we are now hashing away at 1664MH/s.