NastyMining - Free Electricity, No Fees, NastyFans.org

[TheAnalogKid]

I've considered it.  I know the toomim brothers have a nice operation.  If there are fans interested in helping to foot the bill for something like this, I am sure I would be able to find those willing to donate equipment.  NastyMining hasn't pursued this because I pay all of the electricity costs personally, so I cannot afford to pay for hosting all of the equipment that people have been willing to donate as a long term plan.  A few years ago we were involved with a couple group buys with hosting.  Most of them turned out to be scams, and the ones that weren't made very little profit.  I think the preference for me personally would be for fans to step up and host a unit on behalf of NastyFans, but I realize that isn't a realistic expectation.  There is an interesting USB miner project by sidehack that will produce a very energy efficient USB miner that fans may be more willing to host.  The hashrate is pretty low, but perhaps giving away a few of these sticks might be a way to encourage more fan mining participation as a way to continue growing the distributions.

Finding someplace like Toomim might make it possible to do something like this, the biggest thing would be the hardware acquisition.

Figure a 60TH farm operating at 30Kw would be around $2500/month for the hosting returning roughly 18BTC a month at today's diff.  That would end up roughly 2BTC / week to fans distributions after paying the hosting cost.

However, for the moment I wouldn't consider doing it until we see what the next gen hardware is like, as I have a feeling we'll see new hardware before summer is out which will throw everything into chaos for a little while until the implementations complete and the diff stabilizes.  Then there's that little thing about a halving coming around the corner also...




 

[valkir]

I do agree with waiting for the new gear and I also agree with renting some hash for the pool!

[kipper01]

Just wanted to express again how happy I am with the monumental effort everyone involved here has put in to making NastyFans as great as it is.   I'm happy to be part of a mining operation that's shown commitment to integrity and transparency.   With the recent situation in Greece, a colleague of mine took an interest in bitcoin, and I was happy to get him started.   I then told him about NastyFans and he's purchased several seats because he sees the value of NastyFans and the benefits of being a part of this group.   I'm happy to see the recent uptick in price too, I think this is a result of the management and the active role the fans play as well here.   The three year anniversary was a big milestone, there's been a lot of groups that have had huge initial interest only to become a scam or something that didn't weather the changing world of crypto currency.  Yet here we are today a part of something bigger, and well...I just wanted to say thanks everyone, and it's great to bring others into the fold on something as great as we have here.   

Thank you very much for the kind words.  I am also very happy to be a part of such a great organization.

Have you guys considered doing a group buy + hosting of mining hardware?

Not only will we get somewhat cheaper hardware, but we will get significantly cheaper hosting rates if we colocate them all together for a long fixed term (I know a hosting provider with large volume discounts). Could be worth looking into, if you want me to run some numbers.

I'd be super interested in pitching in myself for some hardware this way, because most small customers pay a premium for being small! I think this could be a valuable service for the mining community.

I've considered it.  I know the toomim brothers have a nice operation.  If there are fans interested in helping to foot the bill for something like this, I am sure I would be able to find those willing to donate equipment.  NastyMining hasn't pursued this because I pay all of the electricity costs personally, so I cannot afford to pay for hosting all of the equipment that people have been willing to donate as a long term plan.  A few years ago we were involved with a couple group buys with hosting.  Most of them turned out to be scams, and the ones that weren't made very little profit.  I think the preference for me personally would be for fans to step up and host a unit on behalf of NastyFans, but I realize that isn't a realistic expectation.  There is an interesting USB miner project by sidehack that will produce a very energy efficient USB miner that fans may be more willing to host.  The hashrate is pretty low, but perhaps giving away a few of these sticks might be a way to encourage more fan mining participation as a way to continue growing the distributions.

OgNasty,
Can you explain how 'host a unit on behalf of NastyFans' would work?  I may be willing to host a unit or 2 depending on how it works.

kipper01

[nonnakip]

Distribution 365746 is complete. nastyfans appreciates the donations.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window31 0.00005108 BTC per GH/s (72.1%)
window32 0.00006813 BTC per GH/s (95.7%)
window33 0.00004986 BTC per GH/s (70.0%)
window34 0.00004920 BTC per GH/s (71.0%)

Due to hashrate calculation error some NastyPoP miners were underpaid. The following miners will be paid extra next distribution:

1Le1LamYdsWVgL5VcTuRyvDxAzsf5NocSi	0.00002162 BTC
1NY4Tdp5bbziY6kGaVeyF6igzogwRioLYj	0.00002109 BTC
17BfhhsoNSaouxPknAFAYSsKdZ3fVNaCZV	0.00001714 BTC
1MyUMNvuuyNHH6DQcidUibZagMkMwhJY6n	0.00000726 BTC
1Bfw9axxukSkapGR9eG7rmeEhgKyfzynft	0.00000656 BTC
1PuDcV61BJdnG9nL7Q53Mj51p8wB9K6xsx	0.00000625 BTC
1CVFuGmhMfQJ5hTyYe8fWtKPKNWVpNe8dE	0.00000337 BTC
1Jzxy7jKJ4zKWxZ635UUXKhk4oUwGdVA89	0.00000043 BTC
1ESYU8M62R19cHynPUNcezXFagoyhH1euP	0.00000001 BTC

[Squirrel Dearing]

Just curious.. How do the 5 seat coins work? Will our seats show up on https://nastyfans.org/ when Nonnakip finds time to implement that or do we need to mint 5 seats or?

[OgNasty]

Just curious.. How do the 5 seat coins work? Will our seats show up on https://nastyfans.org/ when Nonnakip finds time to implement that or do we need to mint 5 seats or?

Yes, the seats show up on nastyfans.org the same as the 1oz coins.  The difference is that you have to manually register the coin yourself with nonnakip until the "minting" functionality is added to nastyfans.org.

[nonnakip]

Distribution 366799 is complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window32 0.00006813 BTC per GH/s (95.7%)
window33 0.00004986 BTC per GH/s (70.0%)
window34 0.00004920 BTC per GH/s (71.0%)
window35 0.00011499 BTC per GH/s (166.8%)

[nonnakip]

Distribution 367821 is complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window33 0.00004986 BTC per GH/s (70.0%)
window34 0.00004920 BTC per GH/s (71.0%)
window35 0.00011499 BTC per GH/s (166.8%)
window36 0.00010225 BTC per GH/s (151.5%)

Attention NastyPoP miner 1Le1LamYdsWVgL5VcTuRyvDxAzsf5NocSi! You are using a invalid username and your mining rewards are donated to nastyfans. If this is not your intention please PM me.

[OgNasty]

There hasn't been much in the way of news lately.  I would like to think it is the calm before the storm. 

I want to have our monthly live chat this Tuesday @ noon (8/4/15 @ 12:00pm PST).

[OgNasty]

Monthly Q & A Session to begin @ 12:00pm PST (in approximately 20 minutes)

Today's chat link:
[link removed]

Thanks to those who dropped by.  You can view what was said at nastyfans.org if you missed out.

[TheAnalogKid]

Monthly Q & A Session to begin @ 12:00pm PST (in approximately 20 minutes)

Today's chat link:
[link removed]

Thanks to those who dropped by.  You can view what was said at nastyfans.org if you missed out.

Crap, I was on my way to the dentist and missed this.  Will read the log.  Bummed as I haven't made the last couple. 

[nonnakip]

The QR code for nastyfans payments is now clickable. This was a request of OgNasty during the latest web chat. I do not use a Bitcoin client that will react to mouse clicks so some one else will need to confirm if the feature is implemented correctly.

[OgNasty]

The QR code for nastyfans payments is now clickable. This was a request of OgNasty during the latest web chat. I do not use a Bitcoin client that will react to mouse clicks so some one else will need to confirm if the feature is implemented correctly.

I just purchased a seat from my iPhone by tapping on the QR code.  Amazingly simple!  Definitely a great upgrade.  I also tested the functionality on my PC and it worked perfectly.  Thanks!

[MilkyLep]

Well now I feel like I've got to go buy a seat just to try this out.

[nonnakip]

Distribution 368838 is complete. nastyfans appreciates the donations.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window34 0.00004920 BTC per GH/s (71.0%)
window35 0.00011499 BTC per GH/s (166.8%)
window36 0.00010225 BTC per GH/s (151.5%)
window37 0.00003583 BTC per GH/s (53.2%)

[OgNasty]

Nobody seemed to comment, but the DNS server run by our hosting provider went down again.  We are exploring options to resolve this issue going forward, as it appears our host is unable to provide this basic service reliably.  Everything is fixed for the moment, but hopefully an independent long term solution will be reached soon.  I apologize for any miners or fans who were negatively effected by this outage.

[naypalm]

Nobody seemed to comment, but the DNS server run by our hosting provider went down again.  We are exploring options to resolve this issue going forward, as it appears our host is unable to provide this basic service reliably.  Everything is fixed for the moment, but hopefully an independent long term solution will be reached soon.  I apologize for any miners or fans who were negatively effected by this outage.

I recommend Digital Ocean. ref link.

[nonnakip]

the DNS server run by our hosting provider went down again.

Clarification. The DNS servers are not run by our hosting provider. The domain nastyfans.org and the domain name servers are managed by a totally separate company.

All nastyfans servers did not have any outage. I am very happy with our hosting provider.

[OgNasty]

the DNS server run by our hosting provider went down again.

Clarification. The DNS servers are not run by our hosting provider. The domain nastyfans.org and the domain name servers are managed by a totally separate company.

All nastyfans servers did not have any outage. I am very happy with our hosting provider.

Yes, domain provider. (domains4bitcoins.com)

[Squirrel Dearing]

Nobody seemed to comment, but the DNS server run by our hosting provider went down again.  We are exploring options to resolve this issue going forward, as it appears our host is unable to provide this basic service reliably.  Everything is fixed for the moment, but hopefully an independent long term solution will be reached soon.  I apologize for any miners or fans who were negatively effected by this outage.

I saw that but have been SO crazy busy lately that I haven't had the chance to PM anyone!  Glad you've gotten it resolved for now.