NastyMining - Free Electricity, No Fees, NastyFans.org

[OgNasty]

Ognasty, there is over 200 bitcoins of loans. when will these be paid off and how much of the miningprofit goes to it?

25% of NastyFans donation distributions are going toward repaying these loans.  Since the loans were set with no interest, paying them off quickly isn't an extremely high priority, but we will continue paying 25% of donation distributions towards the loans until they're completely repaid.  The increase of participation on our mining pool and coin sales through our silver fundraisers will also help increase donation distributions.

[OgNasty]

GROUP BUYS:
ragingazn628's KNCMiner Saturn - 5 shares - 11.2GH/s

This group buy fell apart but we have received a refund to the donation address.

[OgNasty]

Good call, full refund? If your planning on putting the returned funds back into hardware do you have any plans yet? BFL's response with the borked rig gets a big thumbs up but the markets growing.

We didn't get a full refund.  We got BTC2.1 back from our BTC2.5 originally paid.  This is because of the pricing being in USD and the increase in Bitcoin value before the order was refunded.  The transaction was sent to the NastyFans donation address, so 25% of it will go towards paying down our debt while the other 75% will be distributed to NastyFans on Friday.  You can see the transaction here: http://blockchain.info/tx/5a835ed0f1fa5cc820220523dfd1e0790c85931951092588a7ffa6cb135551e9

[OgNasty]

How will we go about transferring shares from BTC.TC to BF?

There are no plans for that to happen.  Carnth is looking into options for him to wind down his BTC.TC asset.  You can discuss the BTC.TC situation with other NASTY-PT holders on this thread: https://bitcointalk.org/index.php?topic=268589.0

[Hippievogel]

What do you mean to wind down? buy back the shares or transfering the shares back to seats.
Ognasty I hope you can discuss a option for some people to transfers stacks of 100 to seats please.
why not pm/Emailing all the people to transfer there 100 shares back to one seat.

[OgNasty]

What do you mean to wind down? buy back the shares or transfering the shares back to seats.
Ognasty I hope you can discuss a option for some people to transfers stacks of 100 to seats please.
why not pm/Emailing all the people to transfer there 100 shares back to one seat.

Hippievogel, Carnth offered that asset and will have to resolve this issue for anyone who purchased shares from him.  His thread for it is here: https://bitcointalk.org/index.php?topic=268589.0

[Hippievogel]

Ok sorry for taking your time. I still got one question will there be a any other hardware investment/mining equipment? like hashbuster or bitfury?(i know there are Monarch orders which is nice, but meanwhile we can buy other stuff dont you think?)

[OgNasty]

Ok sorry for taking your time. I still got one question will there be a any other hardware investment/mining equipment? like hashbuster or bitfury?(i know there are Monarch orders which is nice, but meanwhile we can buy other stuff dont you think?)

We've got loans we're focusing on repaying, but will eventually resume purchasing equipment again. When we do purchase more equipment, it will be as or more power efficient than BFL Monarchs.


1g .999 Silver NastyFans Collector's Coins are now available via BitMit.net for ease of ordering:
https://www.bitmit.net/en/item/62198-nastyfans-1g-999-fine-silver-collectors-rounds-2013


We've received our RMA from BFL and are now back to hashing away with 7 60GH/s miners.

[Hippievogel]

Thanks for the great news.

[Carnth]

What do you mean to wind down? buy back the shares or transfering the shares back to seats.
Ognasty I hope you can discuss a option for some people to transfers stacks of 100 to seats please.
why not pm/Emailing all the people to transfer there 100 shares back to one seat.

The pass-through on btct.co (NASTY-PT) will be closing. For full details, please see this post:
https://bitcointalk.org/index.php?topic=268589.msg3243305#msg3243305

I will answer any questions you have in that thread.

[nonnakip]

Distribution 260446 is complete. Many thanks to our donators!

[OgNasty]

Congrats to NastyFans for receiving their 500th BTC donation today!

A few updates... 

NASTY POOL - nonnakip has made tremendous progress getting our P2Pool node integrated with nastyfans.org.  In the meantime, we are currently seeing just under 80GH/s on our pool which is now generating 2.1% in fee donations for NastyFans.  I expect to see our pool hashrate climb as more and more NastyFans discover it and unique features are implemented.  If you would like to mine with us prior to the pool being integrated with nastyfans.org, you can by pointing your miner to nastyfans.org:9332 and using your BTC address as your username.

NASTY MINING - This will be the first full week of us mining with all of our 65nm ASICs.  As we await our 28nm ASICs, we're in somewhat of a holding pattern while we repay loans.  I have looked into ordering some other products, but I think that going forward, power consumption and profitability will be extremely important.  I think we need to hold off for now while we await our 28nm ASICs and get ourselves back to being debt free.  I will continue to expand our holding portfolio and look for alternative donation sources as it is a shame we will be losing the 1% of donations received by Carnth's BTCT fund now that the exchange is closing.

SILVER COINS - I have been selling 1g NastyFans 2013 Collector's coins as a fundraiser for NastyFans.  So far we have raised BTC2.02 and I will continue to let this fundraiser run until the end of the year, when I will make the donation.  I have had a new year 2014 1g coin designed that features the new Nasty Pool and I plan to run another fundraiser using these coins for 2014.  I am also working on a 1oz coin that I think will be unique and exciting.  I will have more details on that fundraiser in the coming weeks.

GPU MINING - I have had a hell of a time stabilizing our GPU miner and have decided to focus it solely on LTC mining for now.  I've traded our NVC for LTC and we are now scrypt mining LTC stable at 2MH/s with cool temperatures. 

[kroneko]

The one ounce coins interest me in particular, count me in for a few!

[geodude]

I just pointed my Jalapeno at Nasty Pool. Glad to be part of the group.

Also count me in for a couple 1 oz coins.

[maqifrnswa]

For those interested in the p2pool node, p2pool hashrate has just crossed 60 TH/s. variance will be close to (or at) an all-time low. Combined with the low fee, now's a good time to try out nastypool

[Jeagle]

I just wanted to login to my nastyfans profile for my .pt transfers, and then the message popped up: "account terminated". What does that mean and can someone please fix it?
Username same as here: Jeagle.

[OgNasty]

For those interested in the p2pool node, p2pool hashrate has just crossed 60 TH/s. variance will be close to (or at) an all-time low. Combined with the low fee, now's a good time to try out nastypool

WOW!  Great to see P2Pool growing at a faster rate than the overall network.  I look forward to the reduced variance.

I just wanted to login to my nastyfans profile for my .pt transfers, and then the message popped up: "account terminated". What does that mean and can someone please fix it?
Username same as here: Jeagle.

Reach out to nonnakip about this issue and see if something can be done.  There is a reason accounts are terminated after they've liquidated their seats.  The easiest thing to do would be to select a new username or change the capitalization.

[Carnth]

I just wanted to login to my nastyfans profile for my .pt transfers, and then the message popped up: "account terminated". What does that mean and can someone please fix it?
Username same as here: Jeagle.

Reach out to nonnakip about this issue and see if something can be done.  There is a reason accounts are terminated after they've liquidated their seats.  The easiest thing to do would be to select a new username or change the capitalization.

This is correct, nonnakip manages the nastyfans.org website and the accounts there. Before you request to have your NASTY-PT shares transferred to seats, make sure the spelling and capitalization of your Nasty Fans account is correct.  Then, make sure that you have an account that you can log into.
If you have any problems, please PM nonnakip.

[Mytche]

I just pointed my Jalapeno at Nasty Pool. Glad to be part of the group.

Welcome to the club, this P2Pool is working out really well for my jallly over the past 2 weeks or so I have been on it.

[HotSwap]

Just curious if there are any thoughts of adding the merge mining NastyFans is running to the pool?