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

[OgNasty]

Status Update

First distribution with new system is posted to Bitcoin network.

TXID: e9f089e76b9fdbd6117eadfa1f14bed01700564dbc4511146d93043a50c17ca8

This transaction is fully automated generated on new transaction server with no block chain. If transaction is accepted then I begin rest. This transaction is distribution 171 (March 18, 2016).

It is awesome to see coins flowing again.  Congratulations on your success with the new transaction server.


I've opened up pre-sales for what I believe will be the last silver coin in the NastyFans Minted Seats series.  It is a 10oz/10seat coin.  50 will be made (5 w/ gold highlighting).

https://bitcointalk.org/index.php?topic=1508606.0

[nonnakip]

Distribution 172 is posted. (March 25, 2016)

TXID: 59fed1108d32cf44e91efeab7bf94e80c980ebb1d2339c8a43423d0369a81443

Some more issues with transaction software discovered and fixed. This is visible in continuing github commits.

The nastyfans.org website is not  updated yet. I concentrate on distributions. After a couple more go without any more code changes then I update the website.

[wttbs]

Thanks for all your work nonnakip

[nonnakip]

Distribution 173 is posted. (April 1, 2016)

TXID: 926cc25eab72b6e46af29aa1d05b1c297396705757f87ae7b661c90657f85e57

nastyfans thanks the donators.

[laubzega]

Distribution 173 is posted. (April 1, 2016)

TXID: 926cc25eab72b6e46af29aa1d05b1c297396705757f87ae7b661c90657f85e57

nastyfans thanks the donators.

This is what blockchain.info says about this transaction:

"Transaction rejected by our node. Reason: The Maximum Very Small Outputs Low Fee Exceeded (3)"

[Quickseller]

bc.i is just filtering out low fee transactions that they think might take a very long time to confirm. Once the transaction has at least 1 confirmation, it will show up on bc.i (and all other up to date block explorers).

The last transaction resulted in the same error message on bc.i, however it did confirm in due time.

[nonnakip]

bc.i is just filtering out low fee transactions that they think might take a very long time to confirm.

bc.i is complaining about small outputs not low fees. I now see that I accidentally lowered minimal threshold to 0.00005 BTC. That is too low. I will increase it to 0.0005 BTC.

I wait a couple days to see if transaction is processed as is. If not then I can test double-spending with the new transaction server. 

[silverfuture]

Looks like it finally got confirmed.

[OgNasty]

I have sold another S7 in preparation for upgrading to the next generation of mining equipment.  This leaves us with only 1 S7 hashing while we await favorable S9 pricing.

https://blockchain.info/tx/938c9e566cf6d0aa2b93378c179511170f3da0cf7134bf8ceaeeed90aef2aaad

[FFrankie]

Can someone explain to me how this site works, I have read the OP and the website itself at least a half dozen times but I still dont fully understand it.

What I do understand

A minted seat gets you cloud mining basically?

[Equilux]

I have sold another S7 in preparation for upgrading to the next generation of mining equipment.  This leaves us with only 1 S7 hashing while we await favorable S9 pricing.

https://blockchain.info/tx/938c9e566cf6d0aa2b93378c179511170f3da0cf7134bf8ceaeeed90aef2aaad

What would be a favorable price? And are you looking to buy second hand or from Bitmain?

[OgNasty]

Can someone explain to me how this site works, I have read the OP and the website itself at least a half dozen times but I still dont fully understand it.

What I do understand

A minted seat gets you cloud mining basically?

As simplified as possible...

A seat entitles you to 1/30,000th of 75% of donations received at the NastyFans address.  NastyFans donations come from Minted Seat sales, NastyMining mined coins, or other community donation efforts.

It is in no way cloud mining.  Cloud mining is where they collect your money, claim inflated costs, and then shut down your contract when it is no longer profitable.  With NastyFans there are no operating costs and it won't be shut down unless people lose interest in the project.

I have sold another S7 in preparation for upgrading to the next generation of mining equipment.  This leaves us with only 1 S7 hashing while we await favorable S9 pricing.

https://blockchain.info/tx/938c9e566cf6d0aa2b93378c179511170f3da0cf7134bf8ceaeeed90aef2aaad

What would be a favorable price? And are you looking to buy second hand or from Bitmain?

I don't think there will be an opportunity to buy secondhand from Bitmain for quite some time.  I also think that the first few batches have been littered with problems.  When they start offering full speed units for below 2.5 BTC, I will start looking at making a purchase.  I'm open to opinions on this as well.  I am hoping that we'll see a price spike provide a good buying opportunity at some point, but with us being down to only 1 S7, I am highly motivated to increase our hashrate.  However, I don't want to overspend our savings on miners just to have to run them downclocked because of the summer heat and hardware bugs still being worked through.

[nonnakip]

Distribution 174 is posted. (April 8, 2016)

TXID: a99626c8c42c61f198f40961f80ddc5f5fcf3b477423bfb962131ba59e39d92e

In this time P2Pool had long period of no solved blocks. And no donations to nastyfans in this perioud. This uncovers interesting situations. The only reason this distribution is above 0 BTC is because one member returned from probation to normal status. Even 25% donation to NASTY MINING did not meet minimum payout threshold.

[nonnakip]

Distribution 175 is posted. (April 15, 2016)

TXID: bb0a6a55e7e4038f0e8b7bcc0acf9b450eaebea1e66cbf797bdd0d5f2cb1c04a

nastyfans thanks the donators.

[nonnakip]

Distribution 176 posted. (April 22, 2016)

TXID: 08caa2db127094d2a6116de83e96b356c95da837c57cc5969f30df23dee68563

nastyfans appreciates the donations.

[nonnakip]

Distribution 177 is posted. (April 29, 2016)

TXID: 7656fa9b0e3f0db0d96dec7992ff56f826500562df0003b6a667f1ce28c9d94c

nastyfans thanks the donators.

[DebitMe]

Is the NastyFans website still not working for showing minted coins donations on hold?  My seat doesn't show any distributions.

Thanks!

[zero3112]

Is the NastyFans website still not working for showing minted coins donations on hold?  My seat doesn't show any distributions.

Thanks!

Ya same here.

[FFrankie]

Can someone explain to me how this site works, I have read the OP and the website itself at least a half dozen times but I still dont fully understand it.

What I do understand

A minted seat gets you cloud mining basically?

As simplified as possible...

A seat entitles you to 1/30,000th of 75% of donations received at the NastyFans address.  NastyFans donations come from Minted Seat sales, NastyMining mined coins, or other community donation efforts.

It is in no way cloud mining.  Cloud mining is where they collect your money, claim inflated costs, and then shut down your contract when it is no longer profitable.  With NastyFans there are no operating costs and it won't be shut down unless people lose interest in the project.

I have sold another S7 in preparation for upgrading to the next generation of mining equipment.  This leaves us with only 1 S7 hashing while we await favorable S9 pricing.

https://blockchain.info/tx/938c9e566cf6d0aa2b93378c179511170f3da0cf7134bf8ceaeeed90aef2aaad

What would be a favorable price? And are you looking to buy second hand or from Bitmain?

I don't think there will be an opportunity to buy secondhand from Bitmain for quite some time.  I also think that the first few batches have been littered with problems.  When they start offering full speed units for below 2.5 BTC, I will start looking at making a purchase.  I'm open to opinions on this as well.  I am hoping that we'll see a price spike provide a good buying opportunity at some point, but with us being down to only 1 S7, I am highly motivated to increase our hashrate.  However, I don't want to overspend our savings on miners just to have to run them downclocked because of the summer heat and hardware bugs still being worked through.

Is it safe to assume that there are only 30,000 seats?

[Equilux]

I have sold another S7 in preparation for upgrading to the next generation of mining equipment.  This leaves us with only 1 S7 hashing while we await favorable S9 pricing.

https://blockchain.info/tx/938c9e566cf6d0aa2b93378c179511170f3da0cf7134bf8ceaeeed90aef2aaad

What would be a favorable price? And are you looking to buy second hand or from Bitmain?

I don't think there will be an opportunity to buy secondhand from Bitmain for quite some time.  I also think that the first few batches have been littered with problems.  When they start offering full speed units for below 2.5 BTC, I will start looking at making a purchase.  I'm open to opinions on this as well.  I am hoping that we'll see a price spike provide a good buying opportunity at some point, but with us being down to only 1 S7, I am highly motivated to increase our hashrate.  However, I don't want to overspend our savings on miners just to have to run them downclocked because of the summer heat and hardware bugs still being worked through.

Thanks for the info. And yeah, buying the first batch of any miner is always such a gamble to say the least. But a price spike would be a good chance to get some hardware!

And great to see all these transactions going through Nonnakip!