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.
Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 133. (Read 958990 times)
The increase in BTC price has enabled me to make the necessary purchases without needing to reallocate this debt.
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.
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.
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.
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...
Any way to charge back the BFL stuff?? Would be great to ditch them and use a decent hardware vendor.
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?
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?
We've also started receiving payments from our second group buy.
https://blockchain.info/tx/cab576646441a1de40dcc77ba9e1e1ae1eb76da79999ee17ec13f0d27f22bab1
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.
I have 21 seats available. Please send a PM to me if you are interested in purchasing the lot.
Distribution 264417 is complete.
"Thank you" to our donators!
Distribution 264417 is complete.
It looks like we've started receiving BTC payments from our first group buy.
http://blockchain.info/tx/678c0a74797398a437c17339e4f303fecfe7a9aa3be11033577dd363ae727fe1
It looks like we've started receiving BTC payments from our first group buy.
http://blockchain.info/tx/678c0a74797398a437c17339e4f303fecfe7a9aa3be11033577dd363ae727fe1
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.
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? It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.
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...
It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.
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...
It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.
If BTC ever goes to $10,000 then 30 GH/s at the current difficulty will still be worth something nice.
I've discussed this at some length with a fellow Fan and we lean towards opposite sides of the fence.. Me being a little too ready to accept the risk, him possibly being a little too cautious.
Perhaps if you find a deal on a Dragon, maybe we could consider doing 1 and monitoring it for a week or so - see how much difference in temp there is, etc. Then revisit the issue once we have that knowledge?
It definitely voids the warranty. Perhaps I'll hold off and keep my eye out for any steals on a Dragon that may present themselves. If our Monarchs arrive soon I guess 30GH/s won't make much of a difference anyway.
I understand the points about longevity / life span of the boxes.. I guess my only question would be, would that void any warranty from BFL? We already had one go down and they took care of it..
Anyway, if it doesn't screw up a warranty, I'd say that more hash power sooner is better than hashing longer... With difficulty climbing and KnC delivering their products, well, I'd rather see us hash stronger sooner.
[edit]And if it does void the warranty, well, then we should still weight the option carefully[/edit]
Anyway, if it doesn't screw up a warranty, I'd say that more hash power sooner is better than hashing longer... With difficulty climbing and KnC delivering their products, well, I'd rather see us hash stronger sooner.
[edit]And if it does void the warranty, well, then we should still weight the option carefully[/edit]
I flashed my jally to go from 4.5 GH/s to 7. It was really easy - but singles were supposed to be harder since they already used the tweaks I applied to the jally, the benefit would be smaller. If you have a dragon, it's worth a try.
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