NastyMining - Free Electricity, No Fees, NastyFans.org

[plasticAiredale]

it's been the worst luck for the pool in at least the past 3 months... supposed to get a donation every 20 hours, it's been dry for over 4 days. Two rounds ago took 19 minutes, this round is now at 4 days 5 hours and 29 minutes.

 

Are we married to p2pool, or can we consider pointing a miner or two at different pools to reduce the chance of a complete dry-spell?

[OgNasty]

it's been the worst luck for the pool in at least the past 3 months... supposed to get a donation every 20 hours, it's been dry for over 4 days. Two rounds ago took 19 minutes, this round is now at 4 days 5 hours and 29 minutes.

 

Are we married to p2pool, or can we consider pointing a miner or two at different pools to reduce the chance of a complete dry-spell?

There is some development going on behind the scenes with P2Pool and I think our luck will turn around soon on there.  We can't be unlucky all the time.  Our streak of bad luck seems to be continuing however.  This morning one of our PSUs burned out (no explaination).  I checked with Amazon.com and we still had 4 days to send it back for a refund, so I took care of that right away.  I also ran to Best Buy after failing to find a PSU at 2 other stores and grabbed a new PSU.  So everything is up and running now, but we did lose a few hours worth of hashing power from 2 ASICs as well as being out about $40 for the price difference between the old PSU and the new store bought one.

On the plus side, we are now CPU mining PrimeCoins (XPM) which pretty much maxes out what the scrypt miner can handle.

[ErebusBat]

I assume everyone has heard the SEC news now.... are we concerned with this verbiage?

What do you think about the chances they will charge everything on BTCT as illigal investment offerings?

I think they are pretty good, actually.  From the attendant Investor Alert:

"the fraud may also involve an unregistered offering or trading platform"

and, here's the real kicker:

"Any investment in securities in the United states remains subject to the jurisdiction of the SEC regardless of whether the investment is made in U.S. dollars or a virtual currency. In particular, individuals selling investments are typically subject to federal or state licensing requirements."

I have, of course, counseled my clients on this point for some time.

Attention Unregistered Exchanges, Perpetual Mining Bonds (PMBs), REITs, and other members of the Bitcoin investment space: The SEC has explicitly indicated its intention to apply the already-existing laws to your security.  You may be selling securities in violation of the Securities Laws.

[plasticAiredale]

Attention Unregistered Exchanges, Perpetual Mining Bonds (PMBs), REITs, and other members of the Bitcoin investment space: The SEC has explicitly indicated its intention to apply the already-existing laws to your security.  You may be selling securities in violation of the Securities Laws.

Good thing we are just a fan club.

[kroneko]

Attention Unregistered Exchanges, Perpetual Mining Bonds (PMBs), REITs, and other members of the Bitcoin investment space: The SEC has explicitly indicated its intention to apply the already-existing laws to your security.  You may be selling securities in violation of the Securities Laws.

Good thing we are just a fan club.

So true!

[ErebusBat]

Good thing we are just a fan club.

Except that we are not.  There is verbiage that states about receiving dividends, and despite using differing terminology, we do. 

[redbeans2012]

Good thing we are just a fan club.

Except that we are not.  There is verbiage that states about receiving dividends, and despite using differing terminology, we do. 

I've never received a dividend form nastyfans, only portions of donations from loving fans.

[ErebusBat]

Good thing we are just a fan club.

Except that we are not.  There is verbiage that states about receiving dividends, and despite using differing terminology, we do. 

I've never received a dividend form nastyfans, only portions of donations from loving fans.

There is a one to one mapping, and if you think that will fool the SEC I think you will be sadly mistaken. 

[ErebusBat]

FYI....

the SEC does not even consider what currency is used, read the Securities act of 1933. It doesn't need to consider or not consider the merit of bitcoin, it considers the offer and sale of securities. This has nothing to do with acceptance or recognition of bitcoin by the federal government.

There are, ahem, some people who claim they aren't dealing in securities. Or real money.

that never mattered.

http://www.sec.gov/about/laws/sa33.pdf

SEC. 2. (a) DEFINITIONS.—When used in this title, unless the
context otherwise requires—
(1) The term ‘‘security’’ means any note, stock, treasury
stock, security future, security-based swap, bond, debenture,
evidence of indebtedness, certificate of interest or participation
in any profit-sharing agreement, collateral-trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or
other mineral rights, any put, call, straddle, option, or privilege
on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly
known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any
of the foregoing.

[maqifrnswa]

So whats up with the website? Have we really not had any donations the last 4 days?

it's been the worst luck for the pool in at least the past 3 months... supposed to get a donation every 20 hours, it's been dry for over 4 days. Two rounds ago took 19 minutes, this round is now at 4 days 5 hours and 29 minutes.

still down on the week, but we just hit two blocks in two hours, something like 8 BTC.

[djjacket]

So whats up with the website? Have we really not had any donations the last 4 days?

it's been the worst luck for the pool in at least the past 3 months... supposed to get a donation every 20 hours, it's been dry for over 4 days. Two rounds ago took 19 minutes, this round is now at 4 days 5 hours and 29 minutes.

still down on the week, but we just hit two blocks in two hours, something like 8 BTC.

Make that 3 blocks in 8 hours.  12 coins worth...

[AtlasONo]

NASTY MINING: 500GH/s Miner Loan

Wow what a waste. You're not going to see that machine any time soon. **You haven't even gotten the rest of your very early order yet!!!**

We should have been polled about this.

[OgNasty]

NASTY MINING: 500GH/s Miner Loan

Wow what a waste. You're not going to see that machine any time soon. **You haven't even gotten the rest of your very early order yet!!!**

We should have been polled about this.

Using our 25% discount for a mini-rig was a no brainer.  An interest free loan with extremely low fees also made securing an additional 500GH/s a great success is my eyes.  We're nearly doubling our total hash rate without reducing seat distributions.  A great deal for existing seat owners.  Since our 25% coupon would have expired before a poll could have been completed, that route was not possible.

[l3sny]

Awesome! That was a right move!
Thank you OG Nasty

[OgNasty]

Has there ever been any discussion about getting your shares on an exchange.  Like with a passthru or whatever?

As requested, a 1/100th NastyFans Micro-Share Pass-Thru is now available for trading on BitFunder.

https://bitfunder.com/asset/NastyFans

[GIANNAT]

Has there ever been any discussion about getting your shares on an exchange.  Like with a passthru or whatever?

As requested, a 1/100th NastyFans Micro-Share Pass-Thru is now available for trading on BitFunder.

https://bitfunder.com/asset/NastyFans

You should list it on btct.co
It is pretty difficult to get funds on bitfunder

[Carnth]

Has there ever been any discussion about getting your shares on an exchange.  Like with a passthru or whatever?

As requested, a 1/100th NastyFans Micro-Share Pass-Thru is now available for trading on BitFunder.

https://bitfunder.com/asset/NastyFans

You should list it on btct.co
It is pretty difficult to get funds on bitfunder

I'd run one on btct.co if there is enough demand for it.

[Equilux]

Has there ever been any discussion about getting your shares on an exchange.  Like with a passthru or whatever?

As requested, a 1/100th NastyFans Micro-Share Pass-Thru is now available for trading on BitFunder.

https://bitfunder.com/asset/NastyFans

You should list it on btct.co
It is pretty difficult to get funds on bitfunder

I'd run one on btct.co if there is enough demand for it.

Is there anyone interested in running one on Havelock?

[AtlasONo]

I'd run one on btct.co if there is enough demand for it.

I'm all for that

We're nearly doubling our total hash rate without reducing seat distributions. 

You're not doubling anything until you get the hardware. By then 500gh/s might not be so worth it

[miscreanity]

You're not doubling anything until you get the hardware. By then 500gh/s might not be so worth it

As long as it arrives by around mid-October, it should generate a reasonable return. In addition to KNC, Bitfury hardware would be an ideal addition for diversification.

One remaining concern is geopolitical. What aspects of the operation are secure against legal threats or confiscation?