📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 130.

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: OgNasty on November 08, 2013, 11:27:50 AM

Quote from: CoinTerra Team

Hello Bitcoin Mining Enthusiasts,

It has not been very long since our last newsletter, but we are certain that ‘bothering’ you with the news that we have reached tape out of the GoldStrike1™ ASIC chip is something you will forgive.

The tape out means that the GoldStrike1 chip now is well under way to production and the last piece of our TerraMiner puzzle is now in place.

You can read the official press release regarding the tape out here.

Aside from the news of the tape out we will also be launching our CoinTerra Forums to the public in the next few days. The forums will be a place where the Bitcoin community, Bitcoin miners and CoinTerra customers can ask questions, post ideas and take part in discussions on everything Bitcoin related.

As always, you can reach us with any questions or comments at [email protected] or 512-270-6050.

Best Regards,

CoinTerra Team

Happy Friday to us! First I wake up and see BTC is just about to cross over the $350 mark (GOX) and now this! Later today donations! It's good to be alive!

Thanks OGNasty and Nonnakip!

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: CoinTerra Team

Hello Bitcoin Mining Enthusiasts,

It has not been very long since our last newsletter, but we are certain that ‘bothering’ you with the news that we have reached tape out of the GoldStrike1™ ASIC chip is something you will forgive.

The tape out means that the GoldStrike1 chip now is well under way to production and the last piece of our TerraMiner puzzle is now in place.

You can read the official press release regarding the tape out here.

Aside from the news of the tape out we will also be launching our CoinTerra Forums to the public in the next few days. The forums will be a place where the Bitcoin community, Bitcoin miners and CoinTerra customers can ask questions, post ideas and take part in discussions on everything Bitcoin related.

As always, you can reach us with any questions or comments at [email protected] or 512-270-6050.

Best Regards,

CoinTerra Team

MilkyLep

hero member

Activity: 583

Merit: 500

Bitcoin for all & all for Bitcoin

Wow a true gentleman and purveyor of new paths in this bitcoin sector. Thank you guys for being examples to everyone else who follows.

strello

full member

Activity: 234

Merit: 101

Nice one, nonnakip!

It's such a pleasure to see people behaving decently and honestly in this Bitcoin world.

Thank you.

maqifrnswa

sr. member

Activity: 454

Merit: 252

Quote from: nonnakip on November 07, 2013, 10:36:51 AM

A fan told me that minimum txfee is 0.0001 BTC. This is true since bitcoind 0.8.2 (June 2013). The nastyfans policy states:

Quote

nastyfans uses the Bitcoin minimum for purchase order transaction fees

But nastyfans charged 0.0005 BTC. That was the minimum before June 2013. This means nastyfans charges extra txfees since June 2013.

To remedy this policy violation I do:

change nastyfans to charge real minimum of 0.0001 BTC
use personal funds to repay overcharge to current members https://blockchain.info/tx/2c60d5aac003fe929a9429f9fc76b5b064a6ff5afae8a08f0f5eaa6ed93988ce

If a ex-member wants repayment please PM me.

wow

this amount of honesty and effort is wonderful to see!

nonnakip

hero member

Activity: 633

Merit: 591

Quote from: OgNasty on November 07, 2013, 10:40:53 AM

Thanks nonnakip. Any chance you would be willing to provide a public donation address for your dedication to NastyFans?

I have seats in nastyfans accepting donations. People can donate to the fanclub if they like what I do: 1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: nonnakip on November 07, 2013, 10:36:51 AM

A fan told me that minimum txfee is 0.0001 BTC. This is true since bitcoind 0.8.2 (June 2013). The nastyfans policy states:

Quote

nastyfans uses the Bitcoin minimum for purchase order transaction fees

But nastyfans charged 0.0005 BTC. That was the minimum before June 2013. This means nastyfans charges extra txfees since June 2013.

To remedy this policy violation I do:

change nastyfans to charge real minimum of 0.0001 BTC
use personal funds to repay overcharge to current members https://blockchain.info/tx/2c60d5aac003fe929a9429f9fc76b5b064a6ff5afae8a08f0f5eaa6ed93988ce

If a ex-member wants repayment please PM me.

Thanks nonnakip. Any chance you would be willing to provide a public donation address for your dedication to NastyFans?

nonnakip

hero member

Activity: 633

Merit: 591

A fan told me that minimum txfee is 0.0001 BTC. This is true since bitcoind 0.8.2 (June 2013). The nastyfans policy states:

Quote

nastyfans uses the Bitcoin minimum for purchase order transaction fees

But nastyfans charged 0.0005 BTC. That was the minimum before June 2013. This means nastyfans charges extra txfees since June 2013.

To remedy this policy violation I do:

change nastyfans to charge real minimum of 0.0001 BTC
use personal funds to repay overcharge to current members https://blockchain.info/tx/2c60d5aac003fe929a9429f9fc76b5b064a6ff5afae8a08f0f5eaa6ed93988ce

If a ex-member wants repayment please PM me.

Yogafan00000

sr. member

Activity: 314

Merit: 251

Quote from: maqifrnswa on November 07, 2013, 10:34:41 AM

Just curious, anyone know what was up with this:
https://blockchain.info/tx/2c60d5aac003fe929a9429f9fc76b5b064a6ff5afae8a08f0f5eaa6ed93988ce

it just deposited to my nastyfans address

Ya, I got one also. Not sure why...

maqifrnswa

sr. member

Activity: 454

Merit: 252

Just curious, anyone know what was up with this:
https://blockchain.info/tx/2c60d5aac003fe929a9429f9fc76b5b064a6ff5afae8a08f0f5eaa6ed93988ce

it just deposited to my nastyfans address

smooth

legendary

Activity: 2968

Merit: 1198

Guys, this group buy looks pretty good: https://bitcointalksearch.org/topic/closedr13x-black-arrow-bullet-run-nov-dz-mc-bonuses-325618

I dabbled myself but thought this group might be interested in a piece too

nonnakip

hero member

Activity: 633

Merit: 591

Thank you merster and kuzetsa for 2nd-level authentication and p2pool beautification tips. I will review these at convenience.

I am happy to see kuzetsa posting here again.

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

Quote from: smooth on November 05, 2013, 10:08:20 PM

Quote from: kuzetsa on November 05, 2013, 09:40:09 PM

In the coming months, anyone with 65nm BFL ASICs will start making less and less return for the same energy consumption, but avalons will hit that point first. Will be a similar case for anyone with the less efficient 28nm ASICs. KNC miners are pretty inefficient as far as 28nm process bitcoin ASICs are concerned, and they will be phased out long before BFL Monarch. This will give OGNasty more time to contemplate the 3rd / 4th generation bitcoin ASICs

Yup. Difficulty jumps are going to slow down because: 1) older ASICs are going to get shut down, 2) the transition to ASICs is largely over, 3) perpetual exponential growth is impossible, and 4) there is nothing "after ASICs," just better ASICs. From here on out it is going to be closer to Moore's Law, which is (very roughly) 100% per year not 100% per month.

Most of the ROI calculators assume a fixed percentage difficulty growth per month. That's wrong.

Keep an eye out because I think there are going to be some good deals on the secondary market when people do not understand this and are dumping their miners or their pre-orders.

I'm very optimistic about the future of mining, but it is a competitive market where success comes from being smart about it, not getting ripped off, buying the right products and operating efficiently.

+1

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: smooth on November 05, 2013, 10:08:20 PM

I'm very optimistic about the future of mining, but it is a competitive market where success comes from being smart about it, not getting ripped off, buying the right products and operating efficiently.

Well said!

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: kuzetsa on November 05, 2013, 09:40:09 PM

In the coming months, anyone with 65nm BFL ASICs will start making less and less return for the same energy consumption, but avalons will hit that point first. Will be a similar case for anyone with the less efficient 28nm ASICs. KNC miners are pretty inefficient as far as 28nm process bitcoin ASICs are concerned, and they will be phased out long before BFL Monarch. This will give OGNasty more time to contemplate the 3rd / 4th generation bitcoin ASICs

Yup. Difficulty jumps are going to slow down because: 1) older ASICs are going to get shut down, 2) the transition to ASICs is largely over, 3) perpetual exponential growth is impossible, and 4) there is nothing "after ASICs," just better ASICs. From here on out it is going to be closer to Moore's Law, which is (very roughly) 100% per year not 100% per month.

Most of the ROI calculators assume a fixed percentage difficulty growth per month. That's wrong.

Keep an eye out because I think there are going to be some good deals on the secondary market when people do not understand this and are dumping their miners or their pre-orders.

I'm very optimistic about the future of mining, but it is a competitive market where success comes from being smart about it, not getting ripped off, buying the right products and operating efficiently.

kuzetsa

sr. member

Activity: 369

Merit: 250

More open source goodness; Here's a nice frontend / skin (beautification) for p2pool:

https://github.com/hardcpp/P2PoolExtendedFrontEnd

Also, the recent comments suggesting "blah blah blah, go with a less energy efficient miner it doesn't matter" are awfully shortsighted.

In the coming months, anyone with 65nm BFL ASICs will start making less and less return for the same energy consumption, but avalons will hit that point first. Will be a similar case for anyone with the less efficient 28nm ASICs. KNC miners are pretty inefficient as far as 28nm process bitcoin ASICs are concerned, and they will be phased out long before BFL Monarch. This will give OGNasty more time to contemplate the 3rd / 4th generation bitcoin ASICs

Equilux

sr. member

Activity: 353

Merit: 251

Quote from: OgNasty on November 05, 2013, 01:17:06 AM

I've always only ordered cutting edge equipment for this operation. When we ordered the BFL Singles, KnC Miners weren't shipping and by the time KnC had proven themselves, the superior Monarch product was available. Now CoinTerra seems to be offering the best product, so our latest order was with them. I have nothing against KnC, I just don't think purchasing their equipment is the right move for us at this time.

The KnC stats where for the example only, to illustrate a point, I agree that ordering from KnC now would maybe not be the best option.

The point is that it remains to be seen that it the Monarch will be a superior product, and it is in my opinion even more doubtful it will be the most profitable product when you take into account the delivery dates. That being said I must thank you for your unwavering effort you put into NastyMining.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

I've always only ordered cutting edge equipment for this operation. When we ordered the BFL Singles, KnC Miners weren't shipping and by the time KnC had proven themselves, the superior Monarch product was available. Now CoinTerra seems to be offering the best product, so our latest order was with them. I have nothing against KnC, I just don't think purchasing their equipment is the right move for us at this time.

Equilux

sr. member

Activity: 353

Merit: 251

Quote from: OgNasty on November 03, 2013, 10:22:05 PM

Quote from: Blazed on November 03, 2013, 08:57:57 PM

Sorry to be so harsh about them, but they do screw a lot of people over. Then you see a company like KnC and ASICMiner that meet deadlines, and do not treat customers like garbage. With BFL's track record and the current network hashrate... I just do not think these will workout to more BTC than you paid for them. Since I own some seats I hope that I am wrong though Grin

BFL has always delivered what they said to me and they replaced our damaged unit with a 24 hour turnaround. They also deliver a superior product, both in engineering and efficiency.

Here are the hardware numbers:
Avalon - 117MH/J
ASICMiner - 130MH/J
KnC Saturn - 400MH/J
BFL Monarch - 1714MH/J

These figures mean very little if you leave out the variable of time, since 400MH/J hashing now is much more likely to break even, then for example, 1714MH/J starting six months from now.

As far as I remember every single product (both in the FPGA-line and in their ASIC-line) has either been late (or extremely late in some cases) or had been overpromised (like the ASIC-single being advertised as 60 GH/s when they were first announced)

Hats off to them for the quick RMA, but that doesn't make them a good bet in my opinion

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Blazed on November 03, 2013, 08:57:57 PM

Sorry to be so harsh about them, but they do screw a lot of people over. Then you see a company like KnC and ASICMiner that meet deadlines, and do not treat customers like garbage. With BFL's track record and the current network hashrate... I just do not think these will workout to more BTC than you paid for them. Since I own some seats I hope that I am wrong though Grin

BFL has always delivered what they said to me and they replaced our damaged unit with a 24 hour turnaround. They also deliver a superior product, both in engineering and efficiency.

Here are the hardware numbers:
Avalon - 117MH/J
ASICMiner - 130MH/J
KnC Saturn - 400MH/J
BFL Monarch - 1714MH/J

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 130. (Read 959381 times)