NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)

[OgNasty]

$200/month seems low to me. Are you using a switching pool (multipool/hascows/middlecoin)? They've been running around twice the output value of just mining LTC recently. The latter two pay out in BTC so you don't need to worry about a bunch of altcoin dust.

We are running our own P2pool LTC node.  The $200 figure factored in electricity.  Probably seems low because of how much less efficient GPUs are. 

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[smooth]

$200/month seems low to me. Are you using a switching pool (multipool/hascows/middlecoin)? They've been running around twice the output value of just mining LTC recently. The latter two pay out in BTC so you don't need to worry about a bunch of altcoin dust.

We are running our own P2pool LTC node.  The $200 figure factored in electricity.  Probably seems low because of how much less efficient GPUs are. 

It seemed low because the autoswitching pools are paying out a lot more value. Please try that for a few days at least.  I know how to calculate electricity usage.

[Blazed]

Why not purchase scrypt hardware along side of BTC???  My 360GH of ASIC is getting close to useless... mean while my 75MH of GPU is killing it. 

Did you mean 75 KH/s, cause I'd be interested in hearing more about your setup if it wasn't a typo!

No I meant 75MH all gpu....will be 85 MH as soon as my packages arrive.  I am lucky to have free power for my rigs though.  Even with power costs ROI is 2-3 months.  ASIC for Scrypt is is not for a long long time. 

[Blazed]

Bet my GPU farm is viable 10x longer than any up coming BTC ASIC gear...also the resale rocks.  I could host GPU's for Nasty Mining...if you were interested.

[CumpsD]

Why not purchase scrypt hardware along side of BTC???  My 360GH of ASIC is getting close to useless... mean while my 75MH of GPU is killing it. 

I check every single morning to see if scrypt ASICs are available for order yet. We are scrypt mining away with 1.6MH/s now, but I can't power and cool 75MH/s worth of GPUs. It isn't realistic.

Got this newsletter this morning, proceed with caution: https://alpha-t.net/news/development-update-23122013/

Announcements

Today is the release of our full pricing, shipping, terms and all the helpful information you would need to secure a pre-order, this can all be found in the 'Terms of Order' page. We will be taking a 30% deposit payment, and remainder 70% to be paid 8-10 weeks before shipment. Minimum chip specifications have been confirmed from our ASIC manufacturer using Global Foundries as our foundry. In regards to our devices, we have confirmed a lower power consumption than quoted previously and also a guarantee of minimum hash rate. this can all be found in the individual Product pages. Please read the Terms of Order page, and individual Products pages carefully.

To summarise some other things:

Viper-5mh/s which can hash at minimum 5 MH/s: £1350 (inc VAT) Deposit- £405 (inc VAT)

Viper-25mh/s which can hash at minimum 25 MH/s: £5450 (inc VAT) Deposit- £1635 (inc VAT)

ASIC Chip Specs
Process: 28nm/40nm HPP, 3.3v/1.8v
Internal Memory: >=128Mb SRAM
Gates: ~28M Gates
Clock Speed: > 600 Mhz Core Clock
Hashing Cores: >= 128
Chip Hash rate: > 350 Kh/s
Power Consumption: < 5w

Registration and Wishlist

Registration will be open on the 25th or 26th of December. We urge all customers to be prepared by providing shipping and billing information in the My Account section. Also showing interest by adding their desired products to the Wishlist, with stated quantity.

You can register here on the specified day: https://alpha-t.net/login-register/

New Office

We have moved to a bigger office in Manchester. Some more interior work is still to be done, but here is an image from the outside.  Details of our office can be found in the About Us page.

Launch and Next Updates

We expect to officially launch in a weeks time.  We will be first rolling out some images of our devices and various other product updates.

[CumpsD]

Emphasis: Proceed with caution!

[Blazed]

Wouldn't hold my breath

[OgNasty]

Emphasis: Proceed with caution!

Do you have any reason to believe the company is not legitimate?  I've been following them for months now, and have found no red flags.

[smooth]

Emphasis: Proceed with caution!

Do you have any reason to believe the company is not legitimate?  I've been following them for months now, and have found no red flags.

Not exactly "not legitimate" but the red flag for me would be that they don't even suggest a ship date. They say they will be collecting the other 70% of payment 8-10 weeks before shipment which tells me that shipment will be quite a bit longer than that (otherwise just collect the money now). That seems like a minimum of 4-6 months, best case with no further delays.

Given the current high profitability of mining with GPUs and the fact that they are still available (somewhat hard to find, but available) for immediate purchase I would expect scrypt difficulties to continue to rise at a high rate for the foreseeable future (absent a price crash). I don't really have a 4-6 month forecast though.

[CumpsD]

Emphasis: Proceed with caution!

Do you have any reason to believe the company is not legitimate?  I've been following them for months now, and have found no red flags.

Besides gut feeling? No hard facts, no. Just very skeptical. Maybe someone who lives near them can go and check out their local office to get a better idea?

[Blazed]

BFL..

[OgNasty]

I may be a bit behind here...  But I did stumble across this gem on the BFL forums last night.  If this does indeed turn out to be the case, 10 of our 11 next-gen miners will have liquid cooling!  

the plan is for everyone that has a current pre-order, you will be upgraded to the water cooled version of the Monarch for free to compensate for the slight delay.

[CumpsD]

Do you have the rest of liquid equipment to use it? Pumps etc

[OgNasty]

Do you have the rest of liquid equipment to use it? Pumps etc

You are quite the pessimist.  While I admit I haven't read much into it, CoinTerra's design has me assuming that the liquid cooled system will be completely internal and wouldn't require the purchase of additional pumps/radiators/hoses, etc...  If they do indeed require additional equipment, I have quite a bit of experience assembling and running liquid cooled GPUs.  We also won't have an issue purchasing any required equipment if it does come to that, which I believe it will not.

EDIT: No.  

[CumpsD]

Do you have the rest of liquid equipment to use it? Pumps etc

You are quite the pessimist. 

You mistake my question as pessimism

It's more a preparation mindset, neutral loaded question really

[nonnakip]

Distribution 277284 is complete. Thank you to our donators.

[nonnakip]

1 poll closed

[policy change] define minted seats
     no: 72 (0.3%)
     yes: 21515 (99.7%)
     abstain: 3413
     RESULT: MINTED SEAT DEFINITION ADDED TO POLICY

[nonnakip]

nastyfans web interface updated. On home page you see donations held by nastyfans for online and minted seats. I will improve it later to show individual minted seats.

I talk with OgNasty about minted seat payout threshold. Together we decide that a fixed threshold of 0.001 BTC will allow frequent payouts and avoid dust.

[smooth]

Re: minted seats. If I have gifted minted seats, what is the procedure for the recipient to register on the nastyfans site and transfer the seats to that new account?

[nonnakip]

If I have gifted minted seats, what is the procedure for the recipient to register on the nastyfans site and transfer the seats to that new account?

The recipient creates a new account. Do not worry about account expire after 24 hours.

Send me PM with:

• your nastyfans username
• the public key of minted seat to transfer (the first 8 characters are enough: 1NastyXX)
• the nastyfans username of recipient

I will manually change ownership and old owner receives notification of transfer.

Note that nastyfans tracking ownership of minted seats only matters for voting. Donations to minted seats do not care about owner.

Also it is OK if minted seat owner does not want a nastyfans account. In this case just PM me that you do not have the minted seat anymore. If the new recipient does not want a nastyfans account maybe you keep the vote for yourself and do not PM me at all.