Author

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 103. (Read 959381 times)

newbie
Activity: 39
Merit: 0
I won't be able to attend, but I would be interested if some of the more interesting questions would be posted somewhere Smiley

Missed out on this chat, but read the logs, lots of interesting things talked about. If this starts to become a more frequent occurrence it might be nice to do it at different times in the day as well.

It's difficult to select a time when both US & EU fans can attend, but I agree that it is a good idea to change the time of day to give everyone an opportunity to participate.

Im an AUS fan..  Times are probably bad again for us down under too Smiley
hero member
Activity: 633
Merit: 591
Distribution 298821 is complete. nastyfans appreciates the donations.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I won't be able to attend, but I would be interested if some of the more interesting questions would be posted somewhere Smiley

Missed out on this chat, but read the logs, lots of interesting things talked about. If this starts to become a more frequent occurrence it might be nice to do it at different times in the day as well.

It's difficult to select a time when both US & EU fans can attend, but I agree that it is a good idea to change the time of day to give everyone an opportunity to participate.
full member
Activity: 207
Merit: 120
I won't be able to attend, but I would be interested if some of the more interesting questions would be posted somewhere Smiley

Thank you to those who did attend.  Lots of fun.

The chat log has been pasted here: http://pastebin.com/Y518dxjJ

Missed out on this chat, but read the logs, lots of interesting things talked about. If this starts to become a more frequent occurrence it might be nice to do it at different times in the day as well.
sr. member
Activity: 353
Merit: 251
I won't be able to attend, but I would be interested if some of the more interesting questions would be posted somewhere Smiley

Thank you to those who did attend.  Lots of fun.

The chat log has been pasted here: http://pastebin.com/Y518dxjJ
If you sign in to nastyfans and go to history page you find a link to web chat also. The archived chat on nastyfans.org uses html/css formatting to improve readability.

Thanks!
hero member
Activity: 633
Merit: 591
If you sign in to nastyfans and go to history page you find a link to web chat also. The archived chat on nastyfans.org uses html/css formatting to improve readability.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I won't be able to attend, but I would be interested if some of the more interesting questions would be posted somewhere Smiley

Thank you to those who did attend.  Lots of fun.

The chat log has been pasted here: http://pastebin.com/Y518dxjJ
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
I've got to head out to pick my daughter up from school and will be out for 1/2 hr or so. Hopefully it isn't done by then.
legendary
Activity: 1288
Merit: 1004
I am looking forward to it.  It is almost time is the link up?


What will the chat room be on? ie. will it need any software installing or account creation? I've a dentist appointment near then so will probably miss it but would like to be ready in case I can get back on time. Big thumbs up btw Smiley

I plan on using https://chatver.com which was created by bitcointalk user mart.  That seemed like the easiest method to host a temporary chat room.  I'll post the actual room link in ~2 hours.
sr. member
Activity: 353
Merit: 251
What will the chat room be on? ie. will it need any software installing or account creation? I've a dentist appointment near then so will probably miss it but would like to be ready in case I can get back on time. Big thumbs up btw Smiley

I plan on using https://chatver.com which was created by bitcointalk user mart.  That seemed like the easiest method to host a temporary chat room.  I'll post the actual room link in ~2 hours.

I won't be able to attend, but I would be interested if some of the more interesting questions would be posted somewhere Smiley
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
What will the chat room be on? ie. will it need any software installing or account creation? I've a dentist appointment near then so will probably miss it but would like to be ready in case I can get back on time. Big thumbs up btw Smiley

I plan on using https://chatver.com/#Nasty which was created by bitcointalk user mart.  That seemed like the easiest method to host a temporary chat room.  I'll post the actual room link in ~2 hours.
hero member
Activity: 633
Merit: 591
PERCEIVED POTENTIAL CONFLICT OF INTEREST IN POLLS:
I have personally abstained from certain polls in the past where I felt that some could interpret my vote as a potential conflict of interest between NastyFans & Nasty Mining.  However, my view on this precedent has changed now that we are taking on new fans as operators.  I think that every seat should have an equal say on all matters regardless of the role of it's owner and I felt the need to clearly communicate this.

IDEA TO IMPROVE DISTRIBUTIONS:
It has occurred to me that in the ever changing Bitcoin environment, some may feel a desire to adjust the amount that is sent to fans vs what is sent to the holdings account.  I think the current poll system may not be able to sufficiently quench this desire.  I would like to propose a system where each fan is able to set the fans/mining % they feel is appropriate, and an average of participating seats is used for the distribution.  This would give fans the ability to influence the distribution on a weekly basis and would allow for more flexibility in the final % than the current voting system.

I support your new views. I will consider policy and implementation changes to realize your idea for more flexible donation percentage changes. I will create a poll for this.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
MAY UPDATE
I had a lot to mention, so I thought I would try something new by making myself available to answer questions or discuss anything Nasty related in a live chat room event on May 1st @ 1:00pm PST.

Great chat everyone.  The log is available in the history section of NastyFans.org.


MONARCH PREPARATION:
In order to prepare for the arrival of our next generation Butterfly Labs mining equipment, I have purchased 5 - 1300 watt power supplies using funds from the Nasty Mining BTC holdings account.

EQUIPMENT SALES:
I have sold 2 of our BFL Singles.  1 was sold without the power supply for 0.5 BTC, and another was sold on eBay.  I am using proceeds from the eBay sale to pay for various shipping expenses.

FAN OPERATOR PLAN ANNOUNCEMENT:
I have shipped 5 of our 60GH/s BFL Singles to trustworthy fans who have agreed to operate the devices for the remainder of the year.  In exchange for operating the units for us, they will assume ownership of the devices.  The fans operating our devices are ManeBjorn, silverfuture, Bees Brothers, Squirrel Dearing, & bobsag3.

PERCEIVED POTENTIAL CONFLICT OF INTEREST IN POLLS:
I have personally abstained from certain polls in the past where I felt that some could interpret my vote as a potential conflict of interest between NastyFans & Nasty Mining.  However, my view on this precedent has changed now that we are taking on new fans as operators.  I think that every seat should have an equal say on all matters regardless of the role of it's owner and I felt the need to clearly communicate this.

IDEA TO IMPROVE DISTRIBUTIONS:
It has occurred to me that in the ever changing Bitcoin environment, some may feel a desire to adjust the amount that is sent to fans vs what is sent to the holdings account.  I think the current poll system may not be able to sufficiently quench this desire.  I would like to propose a system where each fan is able to set the fans/mining % they feel is appropriate, and an average of participating seats is used for the distribution.  This would give fans the ability to influence the distribution on a weekly basis and would allow for more flexibility in the final % than the current voting system.

BLACK ARROW ORDER UPDATE:
Black Arrow has been less than accommodating with regards to our refund request.  They offered to refund our original BTC payment, which would have represented a 60% loss of our funds measured in USD.  I have cancelled our refund request in response.  They have also announced a new compensation plan where we will receive an additional 1TH/s of hardware, but we will need to provide the power supply.
legendary
Activity: 2968
Merit: 1198
BFL MONARCH UPDATE:

TL;DR - The Imperial Monarch is expected to hash at 1TH/s using 550 watts and the Monarch is expected to hash to 600GH/s using 235 watts.  Products should begin shipping in 2 weeks.  

That looks amazing. BFL may yet redeem themselves.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
BFL MONARCH UPDATE:

TL;DR - The Imperial Monarch is expected to hash at 1TH/s using 550 watts and the Monarch is expected to hash to 600GH/s using 235 watts.  Products should begin shipping in 2 weeks. 


Quote from: BFL_Josh
We have received the new chips and have been putting them through their testing phases. So far, they are performing much better than expected.

I will let this graph speak for itself:



What you are looking at are plots of performance over a large number of chips. The short version is that at lower voltages, the two chip Monarch & Imperial Monarch operates around .27W/GH @ 400 GH/s and at higher voltages, the Monarch will operate around .55W/GH @ 1 TH/s.

What does that translate to in real world numbers? At our nominal speed for the Monarch, 600 GH/s, power consumption is about .3W/GH at the chip level. We expect it to draw around 235W at the wall. The Monarch can be overclocked to approximately 800 GH/s per chip, or 1.6 TH total per board with specialized cooling. The Imperial Monarch is expected to consume about 550W at the wall at 1 TH/s. The Monarch product line is essentially 3x - 5x more efficient at any comparable hashrate than the competition, which should allow you to run your Monarch for much, much longer than any other bitcoin mining device that exists now or that is even planned for the next generation.

Like our 65nm line, we have the absolute best warranty available, anywhere... We offer this because we know our products are well designed and rock solid. We are still offering a 1 year warranty on our Monarch product line and as such, we are going to be shipping boards we have faith in, so you don't end up with malfunctioning, broken or dead boards on arrival. The Monarch was designed from the start with power efficiency in mind, and is software tunable from very low power consumption at slower speeds to higher power consumption (which is still lower than anyone else) at incredible speeds. As bitcoin prices change and as difficulty climbs, power efficiency will dictate how long you can operate your devices. The Monarch line should continue to be profitable long after every other device costs more to operate than it generates in revenue.

Keep in mind, these numbers are from chip level testing. Full system testing is on going as we speak, so these numbers are still preliminary, but they should be fairly accurate as we have a rather large test sample pool of chips. Once we have a fully armed and operational battlestation Monarch, we will publish the final, confirmed power and hashrate figures.

We are not taking a bit of extra time to make things right lightly... because of the efficiency of the chip and the way it initializes itself, there is a huge current draw on startup, which is necessitating that we add a couple minor components to the board design to facilitate chip initialization. We were not able to test this portion of the board until we had actual functioning chips. These are plentiful parts that we already have in stock and we are having the boards manufactured now. Some of the initial boards will roll off the line at the end of the week, with more of them the following week. After the initial boards roll off the line, they will be populated and tested for functionality. Assuming they perform as expected, we will start shipping after all functionality tests are complete.

So when are you shipping? I'm sure that's the question on everyones mind. We plan to begin shipping within the next 10 - 12 days, but that timeline is still in flux as we adjust the board components to best utilize the chips.
legendary
Activity: 2128
Merit: 1119
Definitely make more using a multipool that pays in BTC.  LTC is never the most profitable coin to mine directly, but is the best alt for sure.
full member
Activity: 158
Merit: 100
Well I would prefer a pool like hashco.ws but I'd be willing to take LCT also but that would probably muddy the water with regard to mission statement and create a nightmare for nasty.
hero member
Activity: 634
Merit: 500
It will be used to mine scrypt coins.  Possibly through a multi-pool, but most likely held in LTC until a purpose for them is found.


I'm ready to submit my LTC address for donations.  Cheesy
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
What will be the purpose the scrypt miner?

Will it be pointed at an auto-switch pool that pays out in BTC and therefore contributes to the weekly distributions?

Or will it be used to amass a collection of some scrypt coins for other purposes?

It will be used to mine scrypt coins.  Possibly through a multi-pool, but most likely held in LTC to add some diversification to our holdings until a purpose for them is found.
Jump to: