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Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 11. (Read 957542 times)

legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
A solitary gpu might make a few bucks a month but not much more.

Each GPU brings in a couple hundred bucks a month.  This is a fairly small organization so it doesn't take much to increase the distribution %.  Right now we have 2 GPUs and a 2/3's working S17 providing the mining donations, so buying 1 more GPU would actually be a decent increase in mining power.  A big reason for this stagnation in hashrate is that I've been expecting a Bitcoin price increase for the last couple years and felt that sitting on our savings was the best move.  That move has proven to be the right decision so far, so I'm not in a hurry to reverse it quite yet and open the floodgates on our savings.

what are you mining to make a few hundred a month? and what gpu's? are you mining eth or rvn and converting it? or are you on nicehash? I wont use them, I lost half a btc in their "hack" and even though they say they paid everyone back, I haven't gotten anything back.

Yes, we are mining on nicehash with a couple Radeon VIIs.  They did pay us all the lost funds from the "hack" and I haven't found a better alternative to date.  I wanted to stack altcoins instead of mining on nicehash, but when a poll was proposed the fans decided to keep the operation BTC only.  

well on nicehash you are pretty much mining alt coins - they just pay you in BTC - at least that is what I recall. I dont mine there and have never gotten reimbursed, though it was only about .5 btc which was not as much then as it is now. a lot of pools are crooked - slush stopped paying merged mining when NMC hit highs, by the time they paid it out years later it was worthless.  I toss my gpus on something called cudominer - it mines eth/rvn/xmr and pays me in BTC or in any of the others if I so choose. and the more I mine, the more the fees drop. I have a few asics and my gpu/cpu rigs there. the others are mining solo - hoping for a lottery win
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
Nonnakip I have 61 minted seats and when I log in it says my payments are on hold I’ve also tried to use the key that was included with my seats and it says the key is no good please help me with this situation

Payments on hold means that they are waiting to reach the payout threshold before being sent to your coins’ addresses so they don’t build up dust.

I find it hard to believe that any keys are “no good” and would need to see evidence to believe that claim, especially from a brand new account.
newbie
Activity: 1
Merit: 1
Nonnakip I have 61 minted seats and when I log in it says my payments are on hold I’ve also tried to use the key that was included with my seats and it says the key is no good please help me with this situation
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
A solitary gpu might make a few bucks a month but not much more.

Each GPU brings in a couple hundred bucks a month.  This is a fairly small organization so it doesn't take much to increase the distribution %.  Right now we have 2 GPUs and a 2/3's working S17 providing the mining donations, so buying 1 more GPU would actually be a decent increase in mining power.  A big reason for this stagnation in hashrate is that I've been expecting a Bitcoin price increase for the last couple years and felt that sitting on our savings was the best move.  That move has proven to be the right decision so far, so I'm not in a hurry to reverse it quite yet and open the floodgates on our savings.

what are you mining to make a few hundred a month? and what gpu's? are you mining eth or rvn and converting it? or are you on nicehash? I wont use them, I lost half a btc in their "hack" and even though they say they paid everyone back, I haven't gotten anything back.

Yes, we are mining on nicehash with a couple Radeon VIIs.  They did pay us all the lost funds from the "hack" and I haven't found a better alternative to date.  I wanted to stack altcoins instead of mining on nicehash, but when a poll was proposed the fans decided to keep the operation BTC only.  
legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
A solitary gpu might make a few bucks a month but not much more.

Each GPU brings in a couple hundred bucks a month.  This is a fairly small organization so it doesn't take much to increase the distribution %.  Right now we have 2 GPUs and a 2/3's working S17 providing the mining donations, so buying 1 more GPU would actually be a decent increase in mining power.  A big reason for this stagnation in hashrate is that I've been expecting a Bitcoin price increase for the last couple years and felt that sitting on our savings was the best move.  That move has proven to be the right decision so far, so I'm not in a hurry to reverse it quite yet and open the floodgates on our savings.

what are you mining to make a few hundred a month? and what gpu's? are you mining eth or rvn and converting it? or are you on nicehash? I wont use them, I lost half a btc in their "hack" and even though they say they paid everyone back, I haven't gotten anything back.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
A solitary gpu might make a few bucks a month but not much more.

Each GPU brings in a couple hundred bucks a month.  This is a fairly small organization so it doesn't take much to increase the distribution %.  Right now we have 2 GPUs and a 2/3's working S17 providing the mining donations, so buying 1 more GPU would actually be a decent increase in mining power.  A big reason for this stagnation in hashrate is that I've been expecting a Bitcoin price increase for the last couple years and felt that sitting on our savings was the best move.  That move has proven to be the right decision so far, so I'm not in a hurry to reverse it quite yet and open the floodgates on our savings.
legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
if you have half a million dollars in stored funds, maybe increase the distribution percentage? that would also put funds back in the seat owners hands.

Right now 25% of donations are sent to NastyMining.  Do you mean to reduce the % of donations that are going to NastyMining in order to increase the distribution % for seat owners?  

That could definitely be something we could vote on if there was interest in doing so.  What amount do you think it should be lowered to?  The last time we lowered it, we went from 50% to 25%.  I could see another smaller reduction having some merit at least until we figure out a plan for our savings.  Having a large and growing savings isn't the worst thing though, as it does put a floor under seat prices that will eventually lead to their BTC price rising even if the BTC exchange rate rises as well.

Possibly go to 50 or somewhere between -  or go big with the miners - if I had half a million - I would be adding at least a few PH

If we wanted to raise the distribution % for seats we would need to lower NastyMining’s % not raise it. Going big with miners seems like a good idea, but I think that’s probably the riskiest thing we could do at this point in the market cycle. A continued rise in the BTC price would flood the market with more miners, drowning us in higher difficulty while at the same time reducing our amount of BTC held so we don’t get to enjoy as much price appreciation. I’d much rather buy mining equipment when the price is on the decline. I hear that more miners seems to be the popular suggestion thus far, so I will look into picking up another GPU soon, which shouldn’t make much of a difference in our savings.

when I said raise, I am talking about the distribution to the seat owners - so if that means to lower the other's then yes. 500k is a decent amount and a gpu will not make a dent in it. Not sure what you would do with a gpu as also will not really increase any profits either. A solitary gpu might make a few bucks a month but not much more.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
if you have half a million dollars in stored funds, maybe increase the distribution percentage? that would also put funds back in the seat owners hands.

Right now 25% of donations are sent to NastyMining.  Do you mean to reduce the % of donations that are going to NastyMining in order to increase the distribution % for seat owners?  

That could definitely be something we could vote on if there was interest in doing so.  What amount do you think it should be lowered to?  The last time we lowered it, we went from 50% to 25%.  I could see another smaller reduction having some merit at least until we figure out a plan for our savings.  Having a large and growing savings isn't the worst thing though, as it does put a floor under seat prices that will eventually lead to their BTC price rising even if the BTC exchange rate rises as well.

Possibly go to 50 or somewhere between -  or go big with the miners - if I had half a million - I would be adding at least a few PH

If we wanted to raise the distribution % for seats we would need to lower NastyMining’s % not raise it. Going big with miners seems like a good idea, but I think that’s probably the riskiest thing we could do at this point in the market cycle. A continued rise in the BTC price would flood the market with more miners, drowning us in higher difficulty while at the same time reducing our amount of BTC held so we don’t get to enjoy as much price appreciation. I’d much rather buy mining equipment when the price is on the decline. I hear that more miners seems to be the popular suggestion thus far, so I will look into picking up another GPU soon, which shouldn’t make much of a difference in our savings.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
I have no debts of any kind.

Maybe not legal debts, but you did admit to losing around $200,000 to pirate in your ponzi scheme.  
(you are making monthly arrears payments for tax evasion - isn't that debt?)

So in your left hand, you have the losses of $200,000 of investor's money, and in the right hand, you have $500,000 donated from people who believed you were a charity.  While telling the government you can't pay outstanding taxes.

Why not do the right thing, and make some of your investors whole?



legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
if you have half a million dollars in stored funds, maybe increase the distribution percentage? that would also put funds back in the seat owners hands.

Right now 25% of donations are sent to NastyMining.  Do you mean to reduce the % of donations that are going to NastyMining in order to increase the distribution % for seat owners?  

That could definitely be something we could vote on if there was interest in doing so.  What amount do you think it should be lowered to?  The last time we lowered it, we went from 50% to 25%.  I could see another smaller reduction having some merit at least until we figure out a plan for our savings.  Having a large and growing savings isn't the worst thing though, as it does put a floor under seat prices that will eventually lead to their BTC price rising even if the BTC exchange rate rises as well.

Possibly go to 50 or somewhere between -  or go big with the miners - if I had half a million - I would be adding at least a few PH
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
if you have half a million dollars in stored funds, maybe increase the distribution percentage? that would also put funds back in the seat owners hands.

Right now 25% of donations are sent to NastyMining.  Do you mean to reduce the % of donations that are going to NastyMining in order to increase the distribution % for seat owners? 

That could definitely be something we could vote on if there was interest in doing so.  What amount do you think it should be lowered to?  The last time we lowered it, we went from 50% to 25%.  I could see another smaller reduction having some merit at least until we figure out a plan for our savings.  Having a large and growing savings isn't the worst thing though, as it does put a floor under seat prices that will eventually lead to their BTC price rising even if the BTC exchange rate rises as well.
legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
if you have half a million dollars in stored funds, maybe increase the distribution percentage? that would also put funds back in the seat owners hands.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
Have you thought about getting more miners to increase your revenue? half a mil can make for a decent sized addition to your current mining.

Yes, that is always a consideration.  Historically it has been better to wait until after the price is done rising to buy mining hardware, but I may purchase another GPU as those seem to be more profitable and maintain their value a bit longer than our ASICs have.  Mining is also a long slow payback.  I'd love it if we could find a way to get BTC into the hands of seat owners more quickly so they can enjoy some price appreciation on their coins during this rally.


As a small seat and coin holder I would love to see the funds spent on more distribution-generating activities. There is something nice about seeing your coins stack more satoshis, and I hope that continues in meaningful ways (especially considering UXTO dust).

More mining hardware is definitely one way. It would be nice to also ensure any energy spent is carbon neutral or green. Something else that’s interesting is Ethereum staking, but I don’t like how it’s disconnected from BTC and Nasty has always been about Bitcoin to me.

As stated above, I'm not thrilled about the idea of expanding our ASIC mining operation at the moment, but that may be something to consider next holiday season.  Being carbon neutral is a nice thought, but it would take a significant investment to ensure that and I don't think it would be a good use of our funds.  There are a lot of options for easy funds, like staking coins, but the last poll we had made it pretty clear that seat owners do not want to mess with alternative crypto investments. 


Who gets to decide how these funds are spent? 

Seat owners and myself.  Once we get some good ideas on what to do with the funds then seat owners will vote on a poll to decide how to spend them.  If the funds are being spent on mining hardware then no poll would be necessary.


is anyone against you paying off your investment debts?

I have no debts of any kind.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
8 years of distributions has to be a record for crypto. Maybe someone should contact Guinness.

Happy New Year everyone! Anybody got any ideas what we should do with the more than half a million dollars we have sitting around? I never imagined when I asked for funds to buy an FPGA miner that this would be the outcome. Such an amazing ride we’ve all been on. How can NastyMining give back to the seat owners?

Who gets to decide how these funds are spent?  Will the donators benefit from more battery storage at your house?

On August 2, 2014 you paid out an approx 1% insurance fund of 65btc - meaning you lost approx 6,435 btc (at the time of your bragging post above were worth $220 million dollars)

On August 2 those coins were worth maybe $100,000.  You have half a million now - is anyone against you paying off your investment debts? 

1) Don't claim imaginary seperation of your funds Mr. finance.  You've already paid a fine for tax evasion
2) If you attempt to deflect or call my facts anything else, I'll escalate it until everyone sees if you do the right thing.

p.s.  I will contact Guinness for you.
vip
Activity: 1302
Merit: 1042
👻
Thanks for distributions for 8 straight years. Mad respect.

are you still paying back people all the lost funds from your "venture"?
Not to take this thread too off topic, but I have paid back nearly everyone who reached out during the reimbursement period. As there’s a fixed amount of BTC and that gets divided up amongst claims, it should be no surprise that it’s no longer possible to pay people back after paying all of the BTC.



As a small seat and coin holder I would love to see the funds spent on more distribution-generating activities. There is something nice about seeing your coins stack more satoshis, and I hope that continues in meaningful ways (especially considering UXTO dust).

More mining hardware is definitely one way. It would be nice to also ensure any energy spent is carbon neutral or green. Something else that’s interesting is Ethereum staking, but I don’t like how it’s disconnected from BTC and Nasty has always been about Bitcoin to me.
legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
Thanks for distributions for 8 straight years. Mad respect.

are you still paying back people all the lost funds from your "venture"?

He paid us back. That’s all that is relevant to this thread.

8 years of distributions has to be a record for crypto. Maybe someone should contact Guinness.

Happy New Year everyone! Anybody got any ideas what we should do with the more than half a million dollars we have sitting around? I never imagined when I asked for funds to buy an FPGA miner that this would be the outcome. Such an amazing ride we’ve all been on. How can NastyMining give back to the seat owners?

nice to hear - I see that a lot of the feedback on that issue has not been changed yet so was curious. Have you thought about getting more miners to increase your revenue? half a mil can make for a decent sized addition to your current mining.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
Thanks for distributions for 8 straight years. Mad respect.

are you still paying back people all the lost funds from your "venture"?

He paid us back. That’s all that is relevant to this thread.

8 years of distributions has to be a record for crypto. Maybe someone should contact Guinness.

Happy New Year everyone! Anybody got any ideas what we should do with the more than half a million dollars we have sitting around? I never imagined when I asked for funds to buy an FPGA miner that this would be the outcome. Such an amazing ride we’ve all been on. How can NastyMining give back to the seat owners?
legendary
Activity: 2072
Merit: 2224
EIN: 82-3893490
Thanks for distributions for 8 straight years. Mad respect.

are you still paying back people all the lost funds from your "venture"?
vip
Activity: 1302
Merit: 1042
👻
Thanks for distributions for 8 straight years. Mad respect.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
http://www.dailymail.co.uk/news/article-5154737/Bitcoin-miner-NiceHash-reports-hack-theft-wallet.html

'$60 MILLION' Bitcoin theft: Hackers steal huge haul as value of the cryptocurrency soars to record high of $15,000
...

We have received our final payout from Nicehash for funds that were stolen in the 2017 hack.  This makes a 100% recovery of BTC that we were owed. 

You can read the Nicehash CEO letter here: https://www.nicehash.com/blog/post/nicehash-ceo-letter
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