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Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 133. (Read 959381 times)

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
I've ordered a 2TH/s Terraminer from Cointerra, Inc.  It cost roughly 33 BTC, but I'm going to hand this order over to Nasty Mining for a 30 BTC debt to be repaid later.  If anyone is against taking over the Cointerra order, please make your concerns known.  Otherwise, I will make this order official for Nasty Mining.

Also worth noting, NastyFan kroneko expressed an interest to offload his 5 BTC in Nasty Mining debt.  I worked a deal with him and used my personal funds to repay this debt for us.

I object to gambling on any chip that hasn't actually taped out. 

Let someone else pay Cointerra's NRE, especially since they seem to be having some trouble with mock tape-out.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I've ordered a 2TH/s TerraMiner IV from Cointerra, Inc.  It cost roughly 33 BTC, but I'm going to hand this order over to Nasty Mining for a 30 BTC debt to be repaid later.  If anyone is against taking over the Cointerra order, please make your concerns known.  Otherwise, I will make this order official for Nasty Mining.

Also worth noting, NastyFan kroneko expressed an interest to offload his 5 BTC in Nasty Mining debt.  I worked a deal with him and used my personal funds to repay this debt for us.
legendary
Activity: 2128
Merit: 1119
Good luck selling a BFL pre order for what you even paid for it.  I hope it all works out, but have 0 faith that the Monarch will even ROI by the time it ships.  Either way I really like NastyFans and will support it any way I can!
sr. member
Activity: 766
Merit: 250
There are always a lot of unknowns...  I'm doing my best to keep our growth rate ahead of the overall network while at the same time introducing new sources of BTC donations.  The end of the year should prove to be very exciting for NastyFans.  Giving up our BFL orders at this point just isn't going to happen.  I would think at the very least they will be reselling at a premium for people in the bullet run.  Also, we got up to a 25% discount on our Monarch orders (some lower because of a 10% order transfer fee).
Yup, I remembered that we had a bunch of BFL discounts.. And yup, a lot of unkowns!  No Risk = No Reward!

Anyway, I'm very happy and appreciative with all of your efforts (and nonnakips too) for us Fans!  Thanks for all you do!

Reselling at a premium is something to think about I suppose..
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

I think that would be a mistake.  We're most likely in the bullet run and should be receiving something in about a month.  However, I'd love to use my personal funds to help us land a Terraminer in January which I think would be a good move...  I am just about to place an order for the 1oz silver NastyFans coins, and the rising BTC price might enable me to actually have enough funds leftover to place the Terraminer order soon, but it would help speed things along if someone were able to buy some of my Nasty Mining debt...
I'm not exactly happy with BFL, but they do deliver good, quality equipment at the specs they advertise. When they deliver is another story. Hopefully they are getting better with that.  And normally I would agree OgNasty on the above.  However looking at the numbers, it would probably make sense if we could chargeback a couple of the Monarchs and get a Cointerra 2 TH/s unit or two.  I'm sure the numbers I'm going to put out there are not correct due to discounts and such but I'm guessing that it's fairly close..


9 (I think) BFL Monarchs @ about $4,680 each = $42,120 for a total of 5.4 TH/s

7 Cointerra 2 TH/s units @ $5,999 = $41,993 for a total of 14 TH/s (8.6 TH/s more) for the same $

Other factors:
  • Like I said, I may not have used the correct numbers
  • I don't know Cointerra's reputation. Have they delivered on time before?
  • IF BFL delivers the bullet run mid november AND Cointerra delivers in January then we're talking about 2 - 3 months before we get the gear which means around 6-7 or so difficulty adjustments.
  • Could we even get the full amount back from BFL?


Anyway, please ignore my ignorance in a number of the factor that I've put out there. If I'm incorrect or have facts wrong, please correct me. 

It's just a thought and I will be happy with whatever OgNasty and my fellow Fan's think!

There are always a lot of unknowns...  I'm doing my best to keep our growth rate ahead of the overall network while at the same time introducing new sources of BTC donations.  The end of the year should prove to be very exciting for NastyFans.  Giving up our BFL orders at this point just isn't going to happen.  I would think at the very least they will be reselling at a premium for people in the bullet run.  Also, we got up to a 25% discount on our Monarch orders (some lower because of a 10% order transfer fee).
sr. member
Activity: 766
Merit: 250
Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

I think that would be a mistake.  We're most likely in the bullet run and should be receiving something in about a month.  However, I'd love to use my personal funds to help us land a Terraminer in January which I think would be a good move...  I am just about to place an order for the 1oz silver NastyFans coins, and the rising BTC price might enable me to actually have enough funds leftover to place the Terraminer order soon, but it would help speed things along if someone were able to buy some of my Nasty Mining debt...
I'm not exactly happy with BFL, but they do deliver good, quality equipment at the specs they advertise. When they deliver is another story. Hopefully they are getting better with that.  And normally I would agree OgNasty on the above.  However looking at the numbers, it would probably make sense if we could chargeback a couple of the Monarchs and get a Cointerra 2 TH/s unit or two.  I'm sure the numbers I'm going to put out there are not correct due to discounts and such but I'm guessing that it's fairly close..


9 (I think) BFL Monarchs @ about $4,680 each = $42,120 for a total of 5.4 TH/s

7 Cointerra 2 TH/s units @ $5,999 = $41,993 for a total of 14 TH/s (8.6 TH/s more) for the same $

Other factors:
  • Like I said, I may not have used the correct numbers
  • I don't know Cointerra's reputation. Have they delivered on time before?
  • IF BFL delivers the bullet run mid november AND Cointerra delivers in January then we're talking about 2 - 3 months before we get the gear which means around 6-7 or so difficulty adjustments.
  • Could we even get the full amount back from BFL?


Anyway, please ignore my ignorance in a number of the factor that I've put out there. If I'm incorrect or have facts wrong, please correct me. 

It's just a thought and I will be happy with whatever OgNasty and my fellow Fan's think!
hero member
Activity: 634
Merit: 500
What timeline do you expect to pay back this proposed reallocated debt?

The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.   Grin
Yay! So, what's the next step? Poll?

I think this means OgNasty is going to do it because BTC pricing is favorable.
sr. member
Activity: 766
Merit: 250
What timeline do you expect to pay back this proposed reallocated debt?

The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.   Grin
Yay! So, what's the next step? Poll?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
What timeline do you expect to pay back this proposed reallocated debt?

The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.   Grin
hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
What timeline do you expect to pay back this proposed reallocated debt?

I agree ditching BFL seems like a smart move considering their history, receiving "Next-Gen" hardware from them in a month seems extremely hopeful. Although you are completely right about the advantageous order queue you have.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.

I think that would be a mistake.  We're most likely in the bullet run and should be receiving something in about a month.  However, I'd love to use my personal funds to help us land a Terraminer in January which I think would be a good move...  I am just about to place an order for the 1oz silver NastyFans coins, and the rising BTC price might enable me to actually have enough funds leftover to place the Terraminer order soon, but it would help speed things along if someone were able to buy some of my Nasty Mining debt...
legendary
Activity: 2128
Merit: 1119
Any way to charge back the BFL stuff??  Would be great to ditch them and use a decent hardware vendor.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I've been in contact with CoinTerra in regards to their 2TH/s liquid cooled miner that is coming in January.  I thought this might make a nice addition to Nasty Mining and CoinTerra has been generous enough to offer us a small discount on this unit to consider their miners for future purchases.  That being said, we still have quite a bit of debt and I am uncomfortable taking on new debts at this time without a poll.

In order to address that concern and give NastyFans the best options, I have a proposal of sorts...  I have 40 BTC of Nasty Mining debt on this loan I would like to offer for sale:
https://bitcointalksearch.org/topic/m.2752120

What I would like to do is find buyers for 20 BTC or more of this loan from me, which will enable me to place a personal order for the 2TH/s Terraminer.  A 30 day poll can then be conducted to see if Nasty Mining should take over the order and assume the new debt (whatever the purchase price is in BTC).  This would be like teaming up with me to help NastyFans get a 30 day option on purchasing a Terraminer.  This would also give us nearly 8TH/s in power due in the next 3 months.

TLDR version: Anybody want to buy 10 BTC in Nasty Mining debt for 9.75 BTC?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
hero member
Activity: 634
Merit: 500
I'm trying to finish closing down the NASTY-PT on btct.co (it was great while it lasted).

I have 21 seats available. Please send a PM to me if you are interested in purchasing the lot.
hero member
Activity: 634
Merit: 500
Distribution 264417 is complete.

"Thank you" to our donators!   Cheesy Grin Cheesy
hero member
Activity: 633
Merit: 591
Distribution 264417 is complete.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Or on the contrary keep these stock until the warranty is essentially no good, then boost them ....  I suspect there is a decent chance that BFL may come out with a like update which won't void the warranty...
THat's not a bad comprimise.. How long is the warranty good for anyway?

Quote from: Butterfly Labs Website FAQs
In all cases, warranties will be a minimum of 1 year from the date of shipment.
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