NastyMining - Free Electricity, No Fees, NastyFans.org

[OgNasty]

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

I don't want to pretend I'm a lawyer, but from my understanding, all I am doing is mining BTC.  Last I checked, that was legal.  NastyFans are also trading fan club seats amongst each other, so there really isn't any banking or anything like that going on as with the other exchanges.  However, I feel the best way to address this concern is to continue diversifying the operation.  I suspect over the next couple months you will see a few new products/services relating to NastyFans.  I have been hard at work, as has nonnakip for quite some time on a few different projects/services that will benefit current seat owners.  My hope is that you, the NastyFans, will join together at some point in the very near future to strengthen our mining network to multiple locations around the globe.  Get ready.  Exciting things are coming.

[miscreanity]

I feel the best way to address this concern is to continue diversifying the operation.

Agreed.

My hope is that you, the NastyFans, will join together at some point in the very near future to strengthen our mining network to multiple locations around the globe.

Solid perspective. With the right structure, I think collaborative participation will be very forthcoming. Looking forward to announcements.

[OgNasty]

Now that BFL has moved beyond day 1 60GH/s ASIC orders, I have unplugged 3 more of our FPGAs to send back to BFL to be upgraded.  This hopefully results in us adding some more hashing power soon.

[kroneko]

Now that BFL has moved beyond day 1 60GH/s ASIC orders, I have unplugged 3 more of our FPGAs to send back to BFL to be upgraded.  This hopefully results in us adding some more hashing power soon.

Glad to hear it!  Eager to see more and more hashing power per seat 

[okiefromokc]

Are seats still available?

[redbeans2012]

Are seats still available?

Sign up for nastyfans.org

its its own self contained exchange.

[OgNasty]

Are seats still available?

Sign up for www.nastyfans.org

its its own self contained exchange.

...or BitFunder is also now an option.   

https://bitfunder.com/asset/NastyFans

[Equilux]

Are seats still available?

Sign up for www.nastyfans.org

its its own self contained exchange.

...or BitFunder is also now an option.   

https://bitfunder.com/asset/NastyFans

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts!

[redbeans2012]

Are seats still available?

Sign up for www.nastyfans.org

its its own self contained exchange.

...or BitFunder is also now an option.   

https://bitfunder.com/asset/NastyFans

Sorry, I've been drinking tonight.  Good job man, been with NastyMining since GLBSE.  Fun times. lol

[zxyzxy]

can i somehow move my full shares to bitfunder?

[OgNasty]

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts!

can i somehow move my full shares to bitfunder?

Per the profile description on BitFunder:

• 1,000 NastyFans Seats are being held in an account on NastyFans.org to back this 1/100th micro-share pass-thru.
• 100% of all BTC distributions received will be distributed to their respective shares. (no operator fees)
• Shares will have no voting rights and can not be exchanged for NastyFans.org Seats or vice versa.
  

https://bitfunder.com/asset/NastyFans

[nonnakip]

...or BitFunder is also now an option.   

https://bitfunder.com/asset/NastyFans

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?

I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.

[Carnth]

...or BitFunder is also now an option.   

https://bitfunder.com/asset/NastyFans

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?

I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

[Equilux]

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts!

can i somehow move my full shares to bitfunder?

Per the profile description on BitFunder:

• 1,000 NastyFans Seats are being held in an account on NastyFans.org to back this 1/100th micro-share pass-thru.
• 100% of all BTC distributions received will be distributed to their respective shares. (no operator fees)
• Shares will have no voting rights and can not be exchanged for NastyFans.org Seats or vice versa.
  

Ah I should have read that before I asked questions. But I did notice a typo;
"EXCERT" should be "EXCERPT"
And I think the parts about buying and selling seats could be removed, since it doesn't apply on BitFunder.

I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.

So are you indeed using your own shares OgNasty? Or are you buying them on NastyFans?

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

Thanks for explaining! So how would you decide on a price? You buy them for the current price on Nastyfans, and list them for slightly more on btct.co?

[OgNasty]

Update:
Our recently purchased power supply burned out this morning.  It was only purchased a few weeks ago so I was able to exchange it at Best Buy for a new one.  Hopefully the new one lasts a little longer.  The PSU was getting plenty of cool airflow, so I can't really explain why our PSUs keep dropping like flies.

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

Thanks Carnth.  Nice to see such a longstanding forum member offering another option.  Also great to see that 1% of donations received will be sent back to the fan club.

So are you indeed using your own shares OgNasty? Or are you buying them on NastyFans?

I already own the shares to cover the pass-thru, but I do intend to buy more on NastyFans.org.  I have no set plan for how my personal purchases are made.

[Carnth]

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

Thanks for explaining! So how would you decide on a price? You buy them for the current price on Nastyfans, and list them for slightly more on btct.co?

I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0

[kroneko]

I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0

Carnth - thanks for setting this up!!

https://btct.co/security/NASTY-PT

[Carnth]

I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0

Carnth - thanks for setting this up!!

https://btct.co/security/NASTY-PT

Just waiting for Burnside to release it to the mods for approval.

[OgNasty]

Big day and a half for P2Pool!  Looks like we might be headed for our biggest distribution ever on Friday.   

[silverfuture]

Big day and a half for P2Pool!  Looks like we might be headed for our biggest distribution ever on Friday.   

Ka-ching!