NastyMining - Free Electricity, No Fees, NastyFans.org

[Squirrel Dearing]

It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.

If BTC ever goes to $10,000 then 30 GH/s at the current difficulty will still be worth something nice.

I've discussed this at some length with a fellow Fan and we lean towards opposite sides of the fence.. Me being a little too ready to accept the risk, him possibly being a little too cautious.

Perhaps if you find a deal on a Dragon, maybe we could consider doing 1 and monitoring it for a week or so - see how much difference in temp there is, etc. Then revisit the issue once we have that knowledge?

[pyra-proxy]

It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.

Or on the contrary keep these stock until the warranty is essentially no good, then boost them ....  I suspect there is a decent chance that BFL may come out with a like update which won't void the warranty...

[ErebusBat]

It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.

Or on the contrary keep these stock until the warranty is essentially no good, then boost them ....  I suspect there is a decent chance that BFL may come out with a like update which won't void the warranty...

Agreed, also because the damage that this may cause would most likely not be seen in a week, but only after months of 24/7 usage

[Squirrel Dearing]

Or on the contrary keep these stock until the warranty is essentially no good, then boost them ....  I suspect there is a decent chance that BFL may come out with a like update which won't void the warranty...

THat's not a bad comprimise.. How long is the warranty good for anyway?

[OgNasty]

Or on the contrary keep these stock until the warranty is essentially no good, then boost them ....  I suspect there is a decent chance that BFL may come out with a like update which won't void the warranty...

THat's not a bad comprimise.. How long is the warranty good for anyway?

In all cases, warranties will be a minimum of 1 year from the date of shipment.

[OgNasty]

GROUP BUYS:
pidobir's Metabank-Bitfury - 2 shares - 10GH/s

It looks like we've started receiving BTC payments from our first group buy. 

http://blockchain.info/tx/678c0a74797398a437c17339e4f303fecfe7a9aa3be11033577dd363ae727fe1

[Squirrel Dearing]

GROUP BUYS:
pidobir's Metabank-Bitfury - 2 shares - 10GH/s

It looks like we've started receiving BTC payments from our first group buy. 

http://blockchain.info/tx/678c0a74797398a437c17339e4f303fecfe7a9aa3be11033577dd363ae727fe1

Sweet!

[nonnakip]

Distribution 264417 is complete.

[Carnth]

Distribution 264417 is complete.

"Thank you" to our donators!   

[Carnth]

I'm trying to finish closing down the NASTY-PT on btct.co (it was great while it lasted).

I have 21 seats available. Please send a PM to me if you are interested in purchasing the lot.

[OgNasty]

GROUP BUYS:
TheSwede75's KNCMiner Saturn - 1 share - 14.5GH/s

We've also started receiving payments from our second group buy. 
https://blockchain.info/tx/cab576646441a1de40dcc77ba9e1e1ae1eb76da79999ee17ec13f0d27f22bab1

[OgNasty]

I've been in contact with CoinTerra in regards to their 2TH/s liquid cooled miner that is coming in January.  I thought this might make a nice addition to Nasty Mining and CoinTerra has been generous enough to offer us a small discount on this unit to consider their miners for future purchases.  That being said, we still have quite a bit of debt and I am uncomfortable taking on new debts at this time without a poll.

In order to address that concern and give NastyFans the best options, I have a proposal of sorts...  I have 40 BTC of Nasty Mining debt on this loan I would like to offer for sale:
https://bitcointalk.org/index.php?topic=258099.msg2752120#msg2752120

What I would like to do is find buyers for 20 BTC or more of this loan from me, which will enable me to place a personal order for the 2TH/s Terraminer.  A 30 day poll can then be conducted to see if Nasty Mining should take over the order and assume the new debt (whatever the purchase price is in BTC).  This would be like teaming up with me to help NastyFans get a 30 day option on purchasing a Terraminer.  This would also give us nearly 8TH/s in power due in the next 3 months.

TLDR version: Anybody want to buy 10 BTC in Nasty Mining debt for 9.75 BTC?

[Blazed]

Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

[OgNasty]

Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

I think that would be a mistake.  We're most likely in the bullet run and should be receiving something in about a month.  However, I'd love to use my personal funds to help us land a Terraminer in January which I think would be a good move...  I am just about to place an order for the 1oz silver NastyFans coins, and the rising BTC price might enable me to actually have enough funds leftover to place the Terraminer order soon, but it would help speed things along if someone were able to buy some of my Nasty Mining debt...

[MilkyLep]

What timeline do you expect to pay back this proposed reallocated debt?

I agree ditching BFL seems like a smart move considering their history, receiving "Next-Gen" hardware from them in a month seems extremely hopeful. Although you are completely right about the advantageous order queue you have.

[OgNasty]

What timeline do you expect to pay back this proposed reallocated debt?

The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.   

[Squirrel Dearing]

What timeline do you expect to pay back this proposed reallocated debt?

The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.   

Yay! So, what's the next step? Poll?

[Carnth]

What timeline do you expect to pay back this proposed reallocated debt?

The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.   

Yay! So, what's the next step? Poll?

I think this means OgNasty is going to do it because BTC pricing is favorable.

[Squirrel Dearing]

Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

I think that would be a mistake.  We're most likely in the bullet run and should be receiving something in about a month.  However, I'd love to use my personal funds to help us land a Terraminer in January which I think would be a good move...  I am just about to place an order for the 1oz silver NastyFans coins, and the rising BTC price might enable me to actually have enough funds leftover to place the Terraminer order soon, but it would help speed things along if someone were able to buy some of my Nasty Mining debt...

I'm not exactly happy with BFL, but they do deliver good, quality equipment at the specs they advertise. When they deliver is another story. Hopefully they are getting better with that.  And normally I would agree OgNasty on the above.  However looking at the numbers, it would probably make sense if we could chargeback a couple of the Monarchs and get a Cointerra 2 TH/s unit or two.  I'm sure the numbers I'm going to put out there are not correct due to discounts and such but I'm guessing that it's fairly close..


9 (I think) BFL Monarchs @ about $4,680 each = $42,120 for a total of 5.4 TH/s

7 Cointerra 2 TH/s units @ $5,999 = $41,993 for a total of 14 TH/s (8.6 TH/s more) for the same $

Other factors:

• Like I said, I may not have used the correct numbers
  
• I don't know Cointerra's reputation. Have they delivered on time before?
  
• IF BFL delivers the bullet run mid november AND Cointerra delivers in January then we're talking about 2 - 3 months before we get the gear which means around 6-7 or so difficulty adjustments.
• Could we even get the full amount back from BFL?

Anyway, please ignore my ignorance in a number of the factor that I've put out there. If I'm incorrect or have facts wrong, please correct me. 

It's just a thought and I will be happy with whatever OgNasty and my fellow Fan's think!

[OgNasty]

Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

I think that would be a mistake.  We're most likely in the bullet run and should be receiving something in about a month.  However, I'd love to use my personal funds to help us land a Terraminer in January which I think would be a good move...  I am just about to place an order for the 1oz silver NastyFans coins, and the rising BTC price might enable me to actually have enough funds leftover to place the Terraminer order soon, but it would help speed things along if someone were able to buy some of my Nasty Mining debt...

I'm not exactly happy with BFL, but they do deliver good, quality equipment at the specs they advertise. When they deliver is another story. Hopefully they are getting better with that.  And normally I would agree OgNasty on the above.  However looking at the numbers, it would probably make sense if we could chargeback a couple of the Monarchs and get a Cointerra 2 TH/s unit or two.  I'm sure the numbers I'm going to put out there are not correct due to discounts and such but I'm guessing that it's fairly close..


9 (I think) BFL Monarchs @ about $4,680 each = $42,120 for a total of 5.4 TH/s

7 Cointerra 2 TH/s units @ $5,999 = $41,993 for a total of 14 TH/s (8.6 TH/s more) for the same $

Other factors:

• Like I said, I may not have used the correct numbers
  
• I don't know Cointerra's reputation. Have they delivered on time before?
  
• IF BFL delivers the bullet run mid november AND Cointerra delivers in January then we're talking about 2 - 3 months before we get the gear which means around 6-7 or so difficulty adjustments.
• Could we even get the full amount back from BFL?

Anyway, please ignore my ignorance in a number of the factor that I've put out there. If I'm incorrect or have facts wrong, please correct me. 

It's just a thought and I will be happy with whatever OgNasty and my fellow Fan's think!

There are always a lot of unknowns...  I'm doing my best to keep our growth rate ahead of the overall network while at the same time introducing new sources of BTC donations.  The end of the year should prove to be very exciting for NastyFans.  Giving up our BFL orders at this point just isn't going to happen.  I would think at the very least they will be reselling at a premium for people in the bullet run.  Also, we got up to a 25% discount on our Monarch orders (some lower because of a 10% order transfer fee).