NastyMining - Free Electricity, No Fees, NastyFans.org

[OgNasty]

Hold steady NastyFriends,

By my napkin calculation, at quadruple current difficulty, the 600GH/s on order will net you approx $2/share/week.

Does that take into account that OgNasty isn't getting donations rightnow?   Is that ~0.008 BTC?

Yes, I did take that into account.  I don't know if I should have.  At all 25000 shares the same calculation nets $0.64/share/week.

It's difficult to predict future distributions in $ when the BTC price is rising so significantly.  The bottom line is if Bitcoin continues to gain value, any $ investment made for future BTC distributions will most likely be a wise one.  Particularly investments made in above average performing operations that can continue for the long term.  That is why I'm making upgrades to NASTY MINING infrastructure now, like a dedicated A/C unit, increased security, & upgraded electrical circuits.  Hopefully we'll be able to continue to aggressively invest as new and more efficient ASIC products come to the market.  Our 38 BTC bASIC refund (image below from the OP is clickable to confirm the funds are held securely) has already grown in value significantly, to where we'll be able to take advantage of BFL's 25% discount to purchase several more miners once our current orders arrive.  I think we'll be measuring our equipment by the TH/s before too many more months pass.

CURRENT HOLDINGS:

The holding address is 1AwRAGDxfXtJJmvy7hgDgV81TD6xBQjKTW and the above image will update to reflect any new donations. 

[Yogafan00000]

It's difficult to predict future distributions in $ when the BTC price is rising so significantly.  The bottom line is if Bitcoin continues to gain value, any $ investment made for future BTC distributions will most likely be a wise one.  Particularly investments made in above average performing operations that can continue for the long term.  That is why I'm making upgrades to NASTY MINING infrastructure now, like a dedicated A/C unit, increased security, & upgraded electrical circuits.  Hopefully we'll be able to continue to aggressively invest as new and more efficient ASIC products come to the market.  Our 38 BTC bASIC refund (image below from the OP is clickable to confirm the funds are held securely) has already grown in value significantly, to where we'll be able to take advantage of BFL's 25% discount to purchase several more miners once our current orders arrive.  I think we'll be measuring our equipment by the TH/s before too many more months pass.

CURRENT HOLDINGS:

The holding address is 1AwRAGDxfXtJJmvy7hgDgV81TD6xBQjKTW and the above image will update to reflect any new donations. 

Thanks OGNasty.  I'm trying to stay hopeful in the face of my declining securities prices, rising BTC prices (for BTC that I spent on those securities and no longer have), and the continuing failure of BFL to deliver.

[kuzetsa]

((...snip...))

...rising BTC prices (for BTC that I spent on those securities and no longer have), and the continuing failure of BFL to deliver.

rising / higher? ... Sure, there's a very slow increase in the past few years, but in the past few months it's always VERY unstable prices:

The bubble finally burst today, I noticed after I got back from running errands at or around 17:43:18 (local NY time)

BTCUSD ticker:

Best bid: 172.10000
Best ask: 178.53399
Bid-ask spread: 6.43399

Last trade: 178.53399

24 hour volume: 157429.83859094
24 hour low: 105.00000
24 hour high: 266.00000
24 hour vwap: 197.23543

[kroneko]

((...snip...))

...rising BTC prices (for BTC that I spent on those securities and no longer have), and the continuing failure of BFL to deliver.

rising / higher? ... Sure, there's a very slow increase in the past few years, but in the past few months it's always VERY unstable prices:

The bubble finally burst today, I noticed after I got back from running errands at or around 17:43:18 (local NY time)

BTCUSD ticker:

Best bid: 172.10000
Best ask: 178.53399
Bid-ask spread: 6.43399

Last trade: 178.53399

24 hour volume: 157429.83859094
24 hour low: 105.00000
24 hour high: 266.00000
24 hour vwap: 197.23543

Today was quite the day, think a lot of people that are new really got hit hard.  When you put things in perspective though - the fact that the price dipped to where it was a month ago at the worst and a week ago as of now ~180...it could have been a lot worse. 

Either way, we're going to be profitable, and I can't wait until BFL ships!

[Yogafan00000]

My "theoretical total value" went from $5,XXX to $2,XXX USD but for some reason I feel alot better about it.  Must have been my guilty conscience knowing that big number was an untenable deception.

[nonnakip]

Distribution 231021 is complete. Thanks for the donations!

[JaredR26]

My "theoretical total value" went from $5,XXX to $2,XXX USD but for some reason I feel alot better about it.  Must have been my guilty conscience knowing that big number was an untenable deception.

Can't be that untenable... we're already rising again at $111.  This could be really, really big.

[Akka]

My "theoretical total value" went from $5,XXX to $2,XXX USD but for some reason I feel alot better about it.  Must have been my guilty conscience knowing that big number was an untenable deception.

I agree, that huge number displaying what my Nasty seats are worth. Was something that got me back to the bottom. Like, no that can't be true.

[l3sny]

hi guys
I found this:
http://www.kncminer.com/categories/products
I got a friend in Stockholm who is a bitcoin bug. She can check what is this and let us know. What do you think?

[kroneko]

hi guys
I found this:
http://www.kncminer.com/categories/products
I got a friend in Stockholm who is a bitcoin bug. She can check what is this and let us know. What do you think?

I'm a little skeptical personally, but if your friend checks them out and they're good could be worth looking into.

[l3sny]

KNC Miner have responded to our query:

Hello,

We will soon publish more information. We will send information out with the newsletter and also publish on our website.

Best regards

Andreas


We will keep an eye on this. We will have ASIC's from Nokia;)

[nebulus]

Yay, got my dividends... Behold the wholesome 5 Satoshi... 

[JaredR26]

Asicminer has released specs and their first auction.... these ship immediately.

https://bitcointalk.org/index.php?topic=178275.0

Might be profitable for Nasty given the delays of BFL and Avalon?

[Equilux]

The specs seem pretty good on those boards, but the auction price is skyrocketing!

[l3sny]

yea,  perhaps we could set up a quick vote... and maybe use the remainder from bASIC... 
a (bit)penny for your thoughts OgNasty and nonnakip ?

[nonnakip]

perhaps we could set up a quick vote... and maybe use the remainder from bASIC... 

The auction is high now. The current holdings maybe not enough to even buy. I will start a vote if OgNasty is interested in hearing the opinion of the fans.

[Carnth]

Asicminer has released specs and their first auction.... these ship immediately.

That escalated quickly.
http://youtu.be/FONN-0uoTHI

[OgNasty]

That escalated quickly.
http://youtu.be/FONN-0uoTHI

I agree. I think we would be better served to remain patient with our current orders. No sense wasting Bitcoins just because we have them. Better opportunities are sure to present themselves.

[l3sny]

If all the fans except OgNasty donated say 0.005BTC\seat + we add the bASIC remainder we could probably have one.
7068 x 0.005 = 35.19BTC  if I am correct.
Either way we have agreed that 25% of the mined BTC goes to new equipment.
I do not think we will see  BFL sending our rigs before May...  

But this is just my opinion.  

[aquarius]

BFL 5 GH/s Miner Demo

http://www.youtube.com/watch?v=uez9AVfDQIg