NastyMining - Free Electricity, No Fees, NastyFans.org

[nonnakip]

A few days ago I bought a seat online, I would like to know the different from the minted seat, since I expected when buying online it would still be part of the minted seat but now I see that I have 2 different payments, one for online seat and others minted seat

A description of minted seats is in nastyfans policy.

It is not possible to add seats to existing minted seat coins. When seats are minted to a coin then it is final for that coin. You can mint your online seats to new coins. Or from NastyShop you can purchase minted seat coins that contain multiple seats.

Online seats receive same distribution amount as minted seats. A advantage of online seats is you control payout threshold and you control payout address. A advantage of minted seats is automatic cold storage of Bitcoins and additional value of silver and unique features of minted seat coins.

You could set online seat payout address to your minted seat address. This is similar result of adding seats to minted seat coins.

[Suzuki Matt]

Hello,

I hope you all are well..

I have a question.... I recently bought my first nasty coin with a seat from a secondary seller. It is a 2013 seated coin. Is there a way to join the fan club and be included in the project? I am looking at buying some more coins on the site. But was just curious if the older seated coins still could take advantage of the seat. Any info if helpful.

Thanks in advance


Matt

[nonnakip]

I recently bought my first nasty coin with a seat from a secondary seller. It is a 2013 seated coin. Is there a way to join the fan club and be included in the project? I am looking at buying some more coins on the site. But was just curious if the older seated coins still could take advantage of the seat. Any info if helpful.

You already did correct action and your minted seat is linked to your account.

For info for others the procedure to link your minted seats to your nastyfans account is to go to https://nastyfans.org/post and send a message with:

• your nastyfans username
• the full public address of your minted seat coin

You see your linked minted seats when you sign in to your nastyfans account.

[Suzuki Matt]

I recently bought my first nasty coin with a seat from a secondary seller. It is a 2013 seated coin. Is there a way to join the fan club and be included in the project? I am looking at buying some more coins on the site. But was just curious if the older seated coins still could take advantage of the seat. Any info if helpful.

You already did correct action and your minted seat is linked to your account.

For info for others the procedure to link your minted seats to your nastyfans account is to go to https://nastyfans.org/post and send a message with:

• your nastyfans username
• the full public address of your minted seat coin

You see your linked minted seats when you sign in to your nastyfans account.

Just bought a 3 coins set of rounds. Wanted to make sure you got everything needed. I provided my address and email as requested at purchase.

TxID:  19eec849a3c9ebc4e8bec7710a6859155c7ac612b6cdffa8cbca7590f3f68c73

Cant wait to hold these things, planning on ordering more of the seated ones soon. But had to have a set of the rounds. They're awesome.

[MoparMiningLLC]

quick question - maybe someone can answer as I cannot ask ognasty directly since he has me blocked.


if the address 1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX is the donation address for nastyfans - and is to be used for distribution for the seats - and it has sent/received almost 500 btc - does all of it get allocated to the seats? I mean 30k seats give or take and 481 btc would be like .016 btc per seat still.

the last txn on the address was pymts to several addresses - 4 of which are other 1Nasty addresses - so are some seats getting distributions while others are not?

[thiago007]

quick question - maybe someone can answer as I cannot ask ognasty directly since he has me blocked.


if the address 1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX is the donation address for nastyfans - and is to be used for distribution for the seats - and it has sent/received almost 500 btc - does all of it get allocated to the seats? I mean 30k seats give or take and 481 btc would be like .016 btc per seat still.

the last txn on the address was pymts to several addresses - 4 of which are other 1Nasty addresses - so are some seats getting distributions while others are not?

I think the address is different, I know because I have some seats and I receive payment from this address 1NASTYfxUpKPwin7b1KTBFjeeofrLSgXDJ

For example, I made an account where the information on the seats is in it, https://www.nastyfans.org, there I check the amount I receive weekly from my Coin , so far I have received all the payments, according to the number of seats what do I have

[MoparMiningLLC]

quick question - maybe someone can answer as I cannot ask ognasty directly since he has me blocked.


if the address 1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX is the donation address for nastyfans - and is to be used for distribution for the seats - and it has sent/received almost 500 btc - does all of it get allocated to the seats? I mean 30k seats give or take and 481 btc would be like .016 btc per seat still.

the last txn on the address was pymts to several addresses - 4 of which are other 1Nasty addresses - so are some seats getting distributions while others are not?

I think the address is different, I know because I have some seats and I receive payment from this address 1NASTYfxUpKPwin7b1KTBFjeeofrLSgXDJ

For example, I made an account where the information on the seats is in it, https://www.nastyfans.org, there I check the amount I receive weekly from my Coin , so far I have received all the payments, according to the number of seats what do I have

ok so your seat has passed the threshold and gets disbursements then, right? the address I posted is one he has claimed numerous times to be the donation address and is the address that is on the 1g silver coins he made.

it could be that the address above, while being the donation address is not the one that pays the distributions to the seat. Though that wouldn't make sense as that means the donations are then sent to another address or addresses prior to distribution.

He claims I spread FUD and that I dont understand anything and that he has explained it fully but I dont see it as transparent as it should be considering this has been called a fan club and a charity by ognasty.

I am really curious as to why the donation address would be making distributions to non "1Nasty" addresses. Maybe there are some reasons but it has been said that both he and nonnakip get zero payment for all that they do for the nastyfans club - so that should mean all donations go to seats or no?

according to the nastyfans analyzer the top 10 seats are holding less than .01 btc combined - I would think that there would be quite a few with higher balances if 481 btc has been received.

[OgNasty]

I think the address is different, I know because I have some seats and I receive payment from this address 1NASTYfxUpKPwin7b1KTBFjeeofrLSgXDJ

For example, I made an account where the information on the seats is in it, https://www.nastyfans.org, there I check the amount I receive weekly from my Coin , so far I have received all the payments, according to the number of seats what do I have

That address is the NastyMining address, not the donation address so you don't receive payments from that address.  Distributions would come from NastyFans and all the information is on the original post of this thread.  Since NastyFans takes payments for not only donations, but also NastyShop sales using unique addresses, obviously coins won't always come from only 1 address.

Every seat gets the same amount of distributions (unless they set their online seats to not receive distributions).  It's all public.  Anyone with online seats on NastyFans.org can direct their distributions wherever they want, not just to minted seat addresses (some people don't understand that the minted seat coins came after seats as a fundraiser and don't understand that online seats are the organization, while minted seats are a product I created that utilize online seats). 

For anyone too lazy to read the OP, here are the links...

Mint.json - Here you can see the amount held under the threshold for every minted seat, the creation date, and the amount of seats tied to the coin.  You would need to check the corresponding address on the blockchain to see what has already been sent.

Distribution History - Here you can see exactly how many distributions have gone out, the amount each seat received, the date, and total amount of distributions.

I don't know of ANY other Bitcoin organization in the world that provides as much transparency as NastyFans, so my advice would be to read the OP and look at the data that is provided. 

[nonnakip]

Hello MoparMiningLLC,

I see your questions and I provide you with direct answers.

if the address 1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX is the donation address for nastyfans - and is to be used for distribution for the seats - and it has sent/received almost 500 btc - does all of it get allocated to the seats? I mean 30k seats give or take and 481 btc would be like .016 btc per seat still.

1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX is current donation address. A receive amount of 481.52392888 BTC is known.

1EwtTKJaXAtctSFqCQKU3LiCg9dqYPEkxN is old donation address. A receive amount of 166.14740086 BTC is known.

Together is 647.67132974 BTC.

nastyfans receives donations in other ways. As example there is part of NastyShop sales for some items. As another example I donate all distribution transaction fees since June 2016.

Therefore actual total receive amount is 732.76935760 BTC. You can view this on "donations" page when you sign in.

In beginning was 25,000 seats. Later we vote to add 5,000 seats. And some seats do not receive donations. nastyfans currently donates 25% of donations to NastyMining. In past it was 0% and 50%. nastyfans voted for these changes and OgNasty abstained from these votes. Therefore amount per seat per distribution is various over time.

For a seat receiving donations for every distribution from beginning there is 0.04307375 BTC paid to now.

the last txn on the address was pymts to several addresses - 4 of which are other 1Nasty addresses - so are some seats getting distributions while others are not?

Online seats use any payout address owner wants. Usually this is not a 1Nasty address. When seats hit payout threshold of 0.0005 BTC then they receive payout. Usually every distribution has some seat that hit threshold.

When you sign in you see current holding amount for your seats. For your online seats and your minted seats.

ok so your seat has passed the threshold and gets disbursements then, right?

Correct.

I am really curious as to why the donation address would be making distributions to non "1Nasty" addresses. Maybe there are some reasons but it has been said that both he and nonnakip get zero payment for all that they do for the nastyfans club - so that should mean all donations go to seats or no?

I hope it is clear for you. Online seats usually do not use 1Nasty addresses. I do not take any profits or special payments from nastyfans. I own online and minted seats like all other fans.

When you sign in there is much information about history of donation distributions. History of payouts to you. History of all distributions. For each distribution you can view details of where Bitcoin is sent.

according to the nastyfans analyzer the top 10 seats are holding less than .01 btc combined - I would think that there would be quite a few with higher balances if 481 btc has been received.

The analyzer is not run by nastyfans. It is a third party server. I do not know if it is current with statistics.

[MoparMiningLLC]

Thank you for the clear answers - I understood 5000 seats were added and that no seat gets distribution umtil made/sold initially/minted or w/e the best term for it is - at least that how I understand it. So sests from the start would have the most distributed. Makes sense.

Also thank you for clarifying the addresses for distribution question. Minted seats do not have this option correct?

so 25% goes to nastymining, that is ognasty’s mining operation - correct?  I thought I read somewhere he receives nothing for his mining operation.

You state threshold is .0005 - when I sign in, it shows threshold is .001 per seat - has that changed?

I will ignore the nastyfans analyzer then - as it was direct linked to on the site nastyfans.org site - I thought it was updated accordingly.



Mint.json

shows .232950068 btc as undistributed as total of the amounts under the threshold.

Distribution History
[/quote]

This shows 567.7826311 btc distributed to seats and 164.7817028 btc distributed to nastymining - add this up and add the undistributed amounts and its with in .027 btc approx. Again could be spot on if I fat fingered a value.

or if we go with the rough average price of btc at the time of distribution this shows approx 78.5k USD paid to Nastymining and approx 195.2k USD paid to the seats. Though the actual gains would vary depending on when the BTC was converted - if it ever was. 

I also notice there are times (twenty four occasions) where amounts were distributed to nastymining but with zero to the seats - Does this look right? note - these are small amounts but if nastymining was to get either 0/25/50 percent (depending on the time frame), it would seem that if nastymining got a distribution that the seats should have as well.

At the link below is simple tab delimited data where I took the above distributions, added an approx usd value based on the average daily price for the date of distribution. I also then calculated the estimated amount to both seats and nastymining - let me know if I fucked any of this up. doing it on my phone via a vpn to my desktop into a database and back out to a tab delimited text file so very possible I may have fat fingered something.

(was too long to post directly so I just created a blank page on my site and tossed it in there)

https://moparmining.com/tab-delimted-text/f/copy-text-below-into-notepad-t

So, I recommend double checking my math and values.

I guess what I would like to see is what do people pay for the seats - ie what was the average paid price of seats on date of distribution - that would show if it was truly better to have bought the seats or if it would have been better to hodl the Bitcoin.

I have one question as well - it shows the number of seats for distribution as decreasing - why would the number of seats decrease? would it not increase over time as number of seats sold increases? is there a means to which a seat would stop receiving distributions?



[moderator's note: consecutive posts merged]

[nonnakip]

Also thank you for clarifying the addresses for distribution question. Minted seats do not have this option correct?

Correct. As nastyfans policy states: "each minted seat set is assigned a permanent unique Bitcoin address".

so 25% goes to nastymining, that is ognasty’s mining operation - correct?  I thought I read somewhere he receives nothing for his mining operation.

Correct. NastyMining is OgNasty's mining operation. nastyfans donates to the mining operation and not to OgNasty. OgNasty does not use nastyfans donations to the mining operation for personal usage. The NastyMining address is public. OgNasty does discuss here before using NastyMining funds for mining operation.

You state threshold is .0005 - when I sign in, it shows threshold is .001 per seat - has that changed?

For online seats threshold is a setting with a minimum of 0.0005 BTC.

For minted seats threshold is fixed at 0.001 BTC. When you sign in you see correct threshold for type of seats.

I will ignore the nastyfans analyzer then - as it was direct linked to on the site nastyfans.org site - I thought it was updated accordingly.

Maybe it is. I do not know. nastyfans analyzer is run by another fanclub member. The analyzer uses public information from blockchain and nastyfans mint data.

Mint.json  shows .232950068 btc as undistributed as total of the amounts under the threshold. Distribution History. This shows 567.7826311 btc distributed to seats and 164.7817028 btc distributed to nastymining - add this up and add the undistributed amounts and its with in .027 btc approx. Again could be spot on if I fat fingered a value.

Mint.json only shows minted seats. Undistributed amounts are also for online seats below threshold. And there are accounts on probation with undistributed amounts. Not all is available to public because it reveals much about members. Many members do not want information shared about holdings or status or ownership.

When you sign in and go to "donations" page you see exact status of all total holdings and distributions.

I also notice there are times (twenty four occasions) where amounts were distributed to nastymining but with zero to the seats - Does this look right? note - these are small amounts but if nastymining was to get either 0/25/50 percent (depending on the time frame), it would seem that if nastymining got a distribution that the seats should have as well.

As policy states seats only get distributions if every seat receives at least 0.00000001 BTC. As example if at distribution time 0.00030000 BTC donated to nastyfans then NastyMining gets 0.00007500 BTC and there is 0.00022500 left over. The left over is not enough for 30000 seats to receive at least 0.00000001 BTC so that Bitcoin carries to next distribution. But 0.00007500 BTC is distributed to NastyMining still.

I guess what I would like to see is what do people pay for the seats - ie what was the average paid price of seats on date of distribution - that would show if it was truly better to have bought the seats or if it would have been better to hodl the Bitcoin.

Online seats are sold on auction. Auction history is public.

I have one question as well - it shows the number of seats for distribution as decreasing - why would the number of seats decrease? would it not increase over time as number of seats sold increases? is there a means to which a seat would stop receiving distributions?

All seats have owners. If you buy a seat then you buy that seat from a fanclub member that sells their seat. Online seat owners can choose to not receive donations. This results in less seats receiving donations. Online seats on suspension do not receive donations. This results in less seats receiving donations. Online seats of terminated accounts do not receive donations. This results in less seats receiving donations.

To understand nastyfans members it is maybe more interesting to see membership history. This is number of member accounts.

[MoparMiningLLC]

All seats have owners. If you buy a seat then you buy that seat from a fanclub member that sells their seat. Online seat owners can choose to not receive donations. This results in less seats receiving donations. Online seats on suspension do not receive donations. This results in less seats receiving donations. Online seats of terminated accounts do not receive donations. This results in less seats receiving donations.

ok you pretty much addressed the questions I had - I dont get some of it but thats ok.


this last part raised 2 new questions:

1. why would a seat owner buy a seat to get a share essentially but then decide not to take any?

2. how doe a seat get entered into "suspension" or be "terminated"?

[markinaz]

Well, I just wanted to confirm I joined this group, bought one coin and purchased an auction seat.  I look forward to understanding more of what this is all about.  I agreed 100% with the fact the coins offered still seemed like a good deal, if anything more comes out of being a member, even better.

Thanks!
Mark

[markinaz]

I am curious, can anyone help?

I signed up and bought a seat, but also bought a silver coin (did this before I had the option to mint my seat).

Here are my transactions:


Here is for my seat:

ID    e8a32e42-173e-410e-96d6-3122152e7782
Address    17q1bCwwJboKVyvad9VeJojKPZgHpQxtqR
Transaction ID    90f2440897a0a3832a34f116cc62368a6bfef2f410920b77da6a66042a604a65
Amount    0.00102 BTC

I got this and was able to sign in to Nastyfans.



Here is for my coin:

ID    5afd3fef-eb46-43f3-94a0-d57aee957d60
Address    15S6Jimb6HyKc6N2A57xQZqC8szL5ohwX8
Transaction ID    90f2440897a0a3832a34f116cc62368a6bfef2f410920b77da6a66042a604a65
Amount    0.0031 BTC
Fee    0 BTC
Total    0.0031 BTC
03/15/2022, 15:38 PM UTC    Confirmed

I never received an email for this purchase.  Do you know what I need to do?  I am most interested in the coin, which I hope they still have available.

Any help would be appreciated.  I am just trying to increase my participation in the Bitcoin community.

Thanks!

Mark

[nonnakip]

I send Markzellers private message. Like all orders over last 10 years he will receive his order.

[markinaz]

Thanks!  Honestly, I was more concerned I made a mistake and or ordered out of sequence (should have bought a seat, then mint it, vs. buying a coin, and then a seat, etc).

Thanks for the confirmation and PM.

Thanks!

Mark

[OgNasty]

Thanks!  Honestly, I was more concerned I made a mistake and or ordered out of sequence (should have bought a seat, then mint it, vs. buying a coin, and then a seat, etc).

Thanks for the confirmation and PM.

Thanks!

Mark

Your concern is a common one.  While the ordering page asks for an email address, I don't believe any attempts are made to send order confirmations given the amount of users who message me after finalizing their orders to tell me they didn't receive an email confirmation.  I will mention that I typically receive orders on the weekend, so when I am asked about people's orders and if they went though, my response is to contact nonnakip as I do not see these orders until nonnakip sends me the shipping information.  I cannot ship any minted seats or even know who to ship them to without a message from nonnakip containing this information.  Hence the delay with my now not so recent giveaway attempt.

I think owning online seats is cool.  They have some advantages over minted seats in that you can prove you own them digitally and can set any address you want to receive the distributions.  Online seats ROI is also higher due to their lower cost, which seems to be the most common complaint I hear about Minted Seats.  Depending on market prices on the auction, it may also be cheaper at times to buy a coin with a seat then to buy a seat and then mint it onto a coin.  I believe it's about $10 cheaper currently to do so with the current rates/prices.  This is because Minted Seats are sold using a USD rate, while seats on the auction are always listed in BTC and the price can be set by anyone with an online seat.

[markinaz]

I wanted to confirm I received my coin,  thank you!

[OgNasty]

10 years ago I started a thread with an idea.  I hoped that I would be able to get enough people together to raise funds for a 800MH/s FPGA miner.  Some people liked it.

this is amazing btw good job !

Fixed hashrate mining bonds were pretty much the only mining investment that was available back then and I made the decision to offer something different where hashrate could grow instead of being fixed so that investors weren't still stuck with 2MH/s a decade later.

We will grow and over time you will see a seat bought today being worth FAR MORE than 2MH/s in hashing power.

Currently we are at around 1,000x that hashrate per seat and built a savings of over 15 BTC while offering buybacks of seats from those who want to sell.  Additionally, we've sold custom coins that weigh thousands of ounces of silver, nearly a hundred ounces of gold, and a few ounces of platinum to raise funds for the club.  We also sent out a few hundred Bitcoin to supporters (and I am still attempting to give away lots of free silver coins).  

So after 10 years, expanded mining abilities, new product offerings, and lots of drama.  We are here:

BITCOINS DISTRIBUTED:

I feel like we've conquered quite a bit over the last decade and I hope to continue leading us into another prosperous decade going forward as I attempt to clear away brush from our path.

[thiago007]

Presidente Nonnakit know what happened   this past week nothing was received from the seats ..?