NastyMining - Free Electricity, No Fees, NastyFans.org

[OgNasty]

The MH/s per share will rise as new hardware is added?

Yes.

ASIC's 'should' arrive in October?

Yes.

A similar project is putting all dividends back into paying for ASIC's, would that benefit here?

I don't think so.  I put up a lot of my own personal funds to order all our ASICs first.  I think continuing to payout dividends will be a great way to show the growth of this company over time.

Would like to know what the MH/s per share is.

There were 6,533 shares outstanding when the dividend was paid.  We are currently mining at 2,464MH/s.  That comes out to about 0.38MH/s per share (I hope to eventually have these statistics and more displaying on this thread).  Granted, new equipment was just added yesterday so it wasn't fully reflected in our dividend payment. I also paid out our first dividend before it was confirmed and I'm now paying dividends on confirmed mining rewards, so that caused a slightly lower dividend payment this week while we played catch up on our confirmed rewards.

[sebnow]

The MH/s per share will rise as new hardware is added?

Yes.

A similar project is putting all dividends back into paying for ASIC's, would that benefit here?

I don't think so.  I put up a lot of my own personal funds to order all our ASICs first.  I think continuing to payout dividends will be a great way to show the growth of this company over time.

I think these two reasons show why this asset is one of the best on GLBSE. Even though it didn't pay any dividends for some time, now that it's starting to, it's showing its value. My only regret is that I didn't buy more shares when the price was lower.

[OgNasty]

A dividend of BTC5.3 has been paid.

[ianspain]

A dividend of BTC5.3 has been paid.

good one

[kuzetsa]

Finally NASTY's stock price gets up to a decent value  

Yeah, I guess.

Sadly, this means it is now more difficult for me to afford new / additional shares for my portfolio.

...It's not like the increase in price is matched by any sort of increase in the promised hashrate (compared to the 20MH/s last weekend when I bought my first share)

Also, glad to see that in the past week, seems some of the treasury stock is being sold at the higher price (converted to "outstanding" shares, even if they don't stay on the market) ... Sure hope that means the company will have more money on hand to actually purchase more mining hardware.

[ianspain]

Nasty's stock has gone up like a motherf*cker 

well done!!!!!

[OgNasty]

A dividend of BTC2.6 has been paid.

[ErebusBat]

chirp-chrip?

Also do we have a status page yet?  Would be nice to know what MH we are operating at, can you update on this.

[OgNasty]

Also do we have a status page yet?  Would be nice to know what MH we are operating at, can you update on this.

No status page yet.  I do keep this information manually updated on the original post though.  Hopefully we get another shipment of Singles from Butterfly Labs soon as well.

CURRENTLY OPERATING:

• 2,464MH/s

[kuzetsa]

Hopefully we get another shipment of Singles from Butterfly Labs soon as well.

oooh, more hashes. Nice

When you update stats, would you be willing to including as much as the following info as possible?

1) non-asic mining to hold over for the next few months (estimated increase in hashrate?)
2) are there any plans (trade-in or otherwise) that will cause hash rate to dip in such a way that dividends will decrease compared to any week?
3) How many ASICs in order
4) how many / which hardware are currently being used to mine
5) current outstanding shares (not the treasury ones, just any that pay out dividends)

(if this list seems reasonable, will updates mostly be in the edited OP or what?)

Would appreciate it much, and thanks in advance.

[ErebusBat]

Also do we have a status page yet?  Would be nice to know what MH we are operating at, can you update on this.

No status page yet.  I do keep this information manually updated on the original post though.  Hopefully we get another shipment of Singles from Butterfly Labs soon as well.

CURRENTLY OPERATING:

• 2,464MH/s

I didn't realize that, thanks.

Does that mean that each share is 2464 MHs / ~6674 = ~0.369193887 MH/s? 

I am not sure of the best way to calculate that, I grabbed 6674 from the last dividend payment.

[OgNasty]

When you update stats, would you be willing to including as much as the following info as possible?

1) non-asic mining to hold over for the next few months (estimated increase in hashrate?)
2) are there any plans (trade-in or otherwise) that will cause hash rate to dip in such a way that dividends will decrease compared to any week?
3) How many ASICs in order
4) how many / which hardware are currently being used to mine
5) current outstanding shares (not the treasury ones, just any that pay out dividends)

(if this list seems reasonable, will updates mostly be in the edited OP or what?)

Would appreciate it much, and thanks in advance.

I think most of this information is readily available in the original post or the ticker page on the GLBSE.  Definitely available on this thread.

We've got 7 BFL Singles ordered and 8 ASIC SC singles.  Currently we are mining with 3 BFL Singles and awaiting shipment of the remaining 4.  The trade in plan will have an effect on dividends for a short period, but BFL has promised a quick turn around time and I plan to ship overnight when the time comes, so hopefully it doesn't even cost us a full week of dividends.

Does that mean that each share is 2464 MHs / ~6674 = ~0.369193887 MH/s? 

I am not sure of the best way to calculate that, I grabbed 6674 from the last dividend payment.

Looking at the last dividend payment is probably the best way to see the current number of shares on the market.  Eventually this will be automated on a site, but not anytime soon.

[OgNasty]

A dividend of BTC8.5 has been paid.

[crosby]

I wish I had come across this earlier. Nice one.

[OgNasty]

Thanks Any news or things things pretty much the same?

I've just received word from Butterfly Labs that 2 more of our BitForce Singles have shipped.  I'll have them hashing away before the weekend.

[OgNasty]

I just received word that 2 more of our singles have shipped.  We should be over 5.5GH/s within a week.   

[ianspain]

4 GHash  Here we go

Anyway - thanks "anonymous" for selling shares @ GLBSE so cheap 

cheap? at what price???

[ErebusBat]

I know cheap is relative, but i consider it to be anything less than 0.5 BTC
especially when you keep in mind that price recently shot up to 0.7 BTC
All this has happened before, and all of it will happen again  
IMHO NASTY is worth 0.6+ BTC

Agreed... just picked up some more shares myself... was intending to for quite some time but then saw the BFL announcement and thought I was too late.... luckily the market hadn't caught on yet

[ianspain]

All this has happened before, and all of it will happen again  
IMHO NASTY is worth 0.6+ BTC

oh yeah baby

[OgNasty]

2 of the singles arrived today.  We're now operating at 4.1GH/s.