NastyMining - Free Electricity, No Fees, NastyFans.org

[ErebusBat]

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

Sweet... looking forwards to some dividends.

Thanks Nasty!

[Timbo925]

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

Awesome need new income now BTST stopped
If pirate gives the money back I expect shares on GLBSE to rise because ppl will look at new things to invest in.
Interesting times for sure.

[OgNasty]

A dividend of BTC6.9 has been paid.

Note: An explanation of why this week's dividend dropped while our hashing power increased...  When the new singles arrived, I took our rig offline while I restructured everything to make room for future singles.  Once it was all set back up, I auto-tuned the new singles, which kept the rig offline a little longer.  Then, when it was operational, I noticed we were getting unusually high reject rates (as high as 10% for nearly 2 days) that appeared to be due to some issues with one of our pools.  I resolved the issue and we are now back to reject rates around 0.4%.  I'm also hoping the mail brings us 2 more BFL Singles today, so next week's dividend should be significantly higher, as our issues are now resolved and the setup already has space/power for the new units.

[OgNasty]

Awesome need new income now BTST stopped
If pirate gives the money back I expect shares on GLBSE to rise because ppl will look at new things to invest in.
Interesting times for sure.

I think you're probably right.  Now that BTCST is closing up shop, I imagine there is a large hole in the Bitcoin world for investments.  If he does return the funds, GLBSE will be flush with cash and that is definitely bullish for listings that aren't connected to BTCST in any way (such as NASTY).

UPDATE: 2 more BFL Singles have arrived!  We are now operating at over 5.6GH/s.

[OgNasty]

some hardware photos might help with investor confidence

Hardware photo (as requested):

[URSAY]

Fire hazard.  EVACUATE!!!

TOO MUCH POWERS!!!   

[OgNasty]

A dividend of BTC15.8 has been paid.

[OgNasty]

UPDATE:
Due to some investors voicing concerns about GPUMAX's affiliation with pirateat40 and the sudden disruption of payouts, I have decided to no longer mine using GPUMAX.  Please feel free to voice your opinion on this.

[miscreanity]

UPDATE:
Due to some investors voicing concerns about GPUMAX's affiliation with pirateat40 and the sudden disruption of payouts, I have decided to no longer mine using GPUMAX.  Please feel free to voice your opinion on this.

Which pool(s) will be used instead, and will GPUMAX be utilized again if Pirate makes good on BTCS&T payouts?

[OgNasty]

UPDATE:
Due to some investors voicing concerns about GPUMAX's affiliation with pirateat40 and the sudden disruption of payouts, I have decided to no longer mine using GPUMAX.  Please feel free to voice your opinion on this.

Which pool(s) will be used instead, and will GPUMAX be utilized again if Pirate makes good on BTCS&T payouts?

After some testing, I found that we received the lowest % of rejects with Ozcoin & MtRed.  I tried a few others, but received an above average number of stales/rejects.  I would be open to going back to GPUMAX if they resume payouts and BTCST pays it's debt obligations.

[novusordo]

UPDATE:
Due to some investors voicing concerns about GPUMAX's affiliation with pirateat40 and the sudden disruption of payouts, I have decided to no longer mine using GPUMAX.  Please feel free to voice your opinion on this.

Which pool(s) will be used instead, and will GPUMAX be utilized again if Pirate makes good on BTCS&T payouts?

After some testing, I found that we received the lowest % of rejects with Ozcoin & MtRed.  I tried a few others, but received an above average number of stales/rejects.  I would be open to going back to GPUMAX if they resume payouts and BTCST pays it's debt obligations.

Good to know, thanks for the update.

[plasticAiredale]

Glad to see the switch from GPUMAX, I admit it made me a little nervous. Actually your avatar, plus your old passthrough fund, and the use of GPUMAX made me wonder if you weren't pirate yourself. 

Anyway. Just wondering since Ozcoin and MtRed both have merged mining, what is happening to the namecoins being mined?

[kuzetsa]

(snip...)
CURRENT PRICE PER SHARE:

(...snip...)
ARE THERE ANY OTHER WAYS TO GET UPDATES ON THE COMPANY BESIDES THIS THREAD?
Updates are posted periodically on twitter as @NastyMining.  We have also procured nastymining.bit for a future website.

The word "current" should be changed to the date/time when the price was that value...

ZERO out of the 11 shares I've bought were that low, and the current price is higher than that.

Is that the bid price? ask price? Is that the value you're putting up ask orders for "on demand" (whenever they're determined to be "in demand" by whatever arbitrary measure you're using)


Also, very little info on the twitter feed. It's not nearly as much info as on the NASTY GLBSE page and this thread has more info too. (which is actually fine by me. I don't tweet, and don't wish to get news on twitter. Just figure that the claim about updates on twitter should be backed up by actual tweeting)

Glad to see the switch from GPUMAX, I admit it made me a little nervous. Actually your avatar, plus your old passthrough fund, and the use of GPUMAX made me wonder if you weren't pirate yourself. 

Anyway. Just wondering since Ozcoin and MtRed both have merged mining, what is happening to the namecoins being mined?

I'm also curious about that:

I wouldn't mind getting some namecoin, but how would that work? the GLBSE stock and dividends are done in BTC only as far as I'm aware.

... Does the hardware / software that nastymining is running even support this? It seems like a great idea, but I've never set it up on my own mining efforts.

[OgNasty]

Anyway. Just wondering since Ozcoin and MtRed both have merged mining, what is happening to the namecoins being mined?

The Ozcoin NMC that are mined automatically convert to BTC and get paid out with the rest of our BTC earnings.  As far as I know, MtRed hasn't mined any NMC in months, so that is a non-issue.

The word "current" should be changed to the date/time when the price was that value...

ZERO out of the 11 shares I've bought were that low, and the current price is higher than that.

Is that the bid price? ask price? Is that the value you're putting up ask orders for "on demand" (whenever they're determined to be "in demand" by whatever arbitrary measure you're using)

The statistics are updated every 10 minutes and cached on my server to keep from flooding the GLBSE with requests.  This should allow for the statistics to appear more quickly and even when the GLBSE website has gone down.  

Also, very little info on the twitter feed. It's not nearly as much info as on the NASTY GLBSE page and this thread has more info too. (which is actually fine by me. I don't tweet, and don't wish to get news on twitter. Just figure that the claim about updates on twitter should be backed up by actual tweeting)

When there is news worth tweeting, I will do so.  This thread is the #1 source of information about NastyMining.

I wouldn't mind getting some namecoin, but how would that work? the GLBSE stock and dividends are done in BTC only as far as I'm aware.

There is no way to payout NMC dividends on the GLBSE.  That is why they are converted to BTC and paid out with the rest of our earnings.  If you would like to get some NMC, I recommend using the Bitparking Namecoin Exchange.

Does the hardware / software that nastymining is running even support this? It seems like a great idea, but I've never set it up on my own mining efforts.

Yes, our hardware supports merged mining.

[OgNasty]

A dividend of BTC14.6 has been paid.

[OgNasty]

A dividend of BTC17.7 has been paid.

[kroneko]

A dividend of BTC17.7 has been paid.

Another great week!

[kroneko]

How are dividends shaping up for this week?

[OgNasty]

A dividend of BTC8.3 has been paid.

I'm not sure of the reason why we mined so few coins this week.  It seems like the dividend dropped more than luck alone would explain.  Maybe the blockexplorer site I use to determine the total number of coins mined is falling behind, or maybe we had some temporary internet issues I wasn't aware of, or one of our pools fell offline, or possibly a difficulty increase.  In any event, I will pay close attention to the operation going forward to see that things return to the higher dividends we've been seeing lately.  Hopefully BFL ships some ASICs soon...

[kroneko]

These things happen, truth is this should be a relative drop in the bucket compared to mining dividends once on ASIC.  Just be sure to do some un-boxing photos when the ASIC miners arrive!