📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 137.

OgNasty

donator

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

How will we go about transferring shares from BTC.TC to BF?

There are no plans for that to happen. Carnth is looking into options for him to wind down his BTC.TC asset. You can discuss the BTC.TC situation with other NASTY-PT holders on this thread: https://bitcointalksearch.org/topic/btc-tc-nasty-pt-100-shares-1-nasty-fans-seat-closed-268589

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Good call, full refund? If your planning on putting the returned funds back into hardware do you have any plans yet? BFL's response with the borked rig gets a big thumbs up but the markets growing.

We didn't get a full refund. We got BTC2.1 back from our BTC2.5 originally paid. This is because of the pricing being in USD and the increase in Bitcoin value before the order was refunded. The transaction was sent to the NastyFans donation address, so 25% of it will go towards paying down our debt while the other 75% will be distributed to NastyFans on Friday. You can see the transaction here: http://blockchain.info/tx/5a835ed0f1fa5cc820220523dfd1e0790c85931951092588a7ffa6cb135551e9

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: OgNasty on June 10, 2012, 08:31:41 PM

GROUP BUYS:
ragingazn628's KNCMiner Saturn - 5 shares - 11.2GH/s

This group buy fell apart but we have received a refund to the donation address.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Hippievogel on September 24, 2013, 04:37:39 PM

Ognasty, there is over 200 bitcoins of loans. when will these be paid off and how much of the miningprofit goes to it?

25% of NastyFans donation distributions are going toward repaying these loans. Since the loans were set with no interest, paying them off quickly isn't an extremely high priority, but we will continue paying 25% of donation distributions towards the loans until they're completely repaid. The increase of participation on our mining pool and coin sales through our silver fundraisers will also help increase donation distributions.

Hippievogel

newbie

Activity: 57

Merit: 0

Ognasty, there is over 200 bitcoins of loans. when will these be paid off and how much of the miningprofit goes to it?

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: OgNasty on September 24, 2013, 12:39:57 AM

BFL has received our 60GH/s Miner and already processed an RMA replacement for us. I have a tracking number and we should be back above 400GH/s by Friday.

Yay!

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

BFL has received our 60GH/s Miner and already processed an RMA replacement for us. I have a tracking number and we should be back above 400GH/s by Friday.

Jeagle

newbie

Activity: 20

Merit: 0

Okay thanks for your fast reply. So i just relax, drink my tea, and wait untill Carnth tells us what to do

Carnth

hero member

Activity: 634

Merit: 500

Quote from: OgNasty on September 23, 2013, 10:44:46 AM

Quote from: Jeagle on September 23, 2013, 10:35:45 AM

As btct.co is closing down, what will happen with our NASTY-PT shares we / I bought there?

Carnth runs that PT. I have never used BTCT.co. You can try to find more information on his thread for it here:
https://bitcointalksearch.org/topic/btc-tc-nasty-pt-100-shares-1-nasty-fans-seat-closed-268589

Thanks OgNasty.

First... Do Not Panic.

Your Nasty-PT shares on btct.co are backed by Nasty Fans Seats which are not on btct.co. 100 shares still equals 1 Nasty Fans seat. The pass-through has (and always had) enough Nasty Fans Seats to back every Nasty-PT share. So there is no reason to panic and/or dump your shares.

There are a couple of options available, and I am evaluating them.

Nasty-PT will continue to operate normally until a decision has been made (all dividends paid according to the contract, etc.)
Again, there is no reason to panic; but I will leave the asset open to trading for those of you who wish to sell, or buy.

Thank you for your patience during this trying time.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Jeagle on September 23, 2013, 10:35:45 AM

As btct.co is closing down, what will happen with our NASTY-PT shares we / I bought there?

Carnth runs that PT. I have never used BTCT.co. You can try to find more information on his thread for it here:
https://bitcointalksearch.org/topic/btc-tc-nasty-pt-100-shares-1-nasty-fans-seat-closed-268589

Jeagle

newbie

Activity: 20

Merit: 0

As btct.co is closing down, what will happen with our NASTY-PT shares we / I bought there?

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: OgNasty on June 10, 2012, 08:31:41 PM

NASTY POOL: THE NASTYFANS MINING POOL
Operator: nonnakip
Pool Address: NastyFans.org:9332
Statistical Charts: Week | Month | Year
Pool Fee**: 3%

**0.9% Donated to P2Pool development | 2.1% Donated to NastyFans

I've added a Nasty Pool section to the OP complete with the new Nasty Pool logo. Much more to come as we begin rolling out the new pool. I've seen some screenshots of the fun nonnakip has in store for integrating the pool with NastyFans.org and I think everyone will be extremely pleased. I'm very excited.

As a reminder, anyone can mine on Nasty Pool now by pointing your miner at NastyFans.org:9332 and using your Bitcoin address as your username. The pool is currently operating at around 15GH/s. I urge all NastyFans to try out the pool and see how much power we can amass.

Carnth

hero member

Activity: 634

Merit: 500

Quote from: nonnakip on September 20, 2013, 04:45:40 PM

Distribution 259076 is complete. We love Bitcoin!

Thanks.

And let's hope this week, variance swings our way.

nonnakip

hero member

Activity: 633

Merit: 591

Distribution 259076 is complete. We love Bitcoin!

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: OgNasty on September 20, 2013, 09:16:08 AM

No. It's was just picked up yesterday by USPS so I imagine it will be early next week before we hear anything.

Thanks for the amazingly quick response.. I kind of figured as much but am itching for you to get it back..(and the Monarch's of course!)

Keep up the great work OG!!

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Squirrel Dearing on September 20, 2013, 08:58:38 AM

Quote from: OgNasty on September 18, 2013, 02:13:13 PM

I do have good news and bad news... The good news is that our miners have been updated to the latest version of cgminer and we are seeing a slight performance increase. We have also added I0C to the coins that we are merged mining, as it appears I0C has risen from the dead. The bad news is that we had a 60GH/s ASIC die on us yesterday. I contacted BFL immediately and received a quick response from them. I have an RMA # and will be sending the dead unit in tomorrow. Hopefully there will be a quick turnaround. The unit that died was the very first one we received, and honestly it always ran much hotter and slower than the others. Short term this sucks, but long term I think we'll end up with a better unit and a cooler mining room because of it. This unit was also the one that was hooked to our PSUs that kept blowing up, so it very well could have been the culprit.

Any word from BFL on the orig 60 GH/s machine? I take it, the machine may still be in transit still..

No. It's was just picked up yesterday by USPS so I imagine it will be early next week before we hear anything.

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: OgNasty on September 18, 2013, 02:13:13 PM

I do have good news and bad news... The good news is that our miners have been updated to the latest version of cgminer and we are seeing a slight performance increase. We have also added I0C to the coins that we are merged mining, as it appears I0C has risen from the dead. The bad news is that we had a 60GH/s ASIC die on us yesterday. I contacted BFL immediately and received a quick response from them. I have an RMA # and will be sending the dead unit in tomorrow. Hopefully there will be a quick turnaround. The unit that died was the very first one we received, and honestly it always ran much hotter and slower than the others. Short term this sucks, but long term I think we'll end up with a better unit and a cooler mining room because of it. This unit was also the one that was hooked to our PSUs that kept blowing up, so it very well could have been the culprit.

Any word from BFL on the orig 60 GH/s machine? I take it, the machine may still be in transit still..

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: OgNasty on September 18, 2013, 02:13:13 PM

I do have good news and bad news... The good news is that our miners have been updated to the latest version of cgminer and we are seeing a slight performance increase. We have also added I0C to the coins that we are merged mining, as it appears I0C has risen from the dead. The bad news is that we had a 60GH/s ASIC die on us yesterday. I contacted BFL immediately and received a quick response from them. I have an RMA # and will be sending the dead unit in tomorrow. Hopefully there will be a quick turnaround. The unit that died was the very first one we received, and honestly it always ran much hotter and slower than the others. Short term this sucks, but long term I think we'll end up with a better unit and a cooler mining room because of it. This unit was also the one that was hooked to our PSUs that kept blowing up, so it very well could have been the culprit.

I actually consider that good news and good news!

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

I do have good news and bad news... The good news is that our miners have been updated to the latest version of cgminer and we are seeing a slight performance increase. We have also added I0C to the coins that we are merged mining, as it appears I0C has risen from the dead. The bad news is that we had a 60GH/s ASIC die on us yesterday. I contacted BFL immediately and received a quick response from them. I have an RMA # and will be sending the dead unit in tomorrow. Hopefully there will be a quick turnaround. The unit that died was the very first one we received, and honestly it always ran much hotter and slower than the others. Short term this sucks, but long term I think we'll end up with a better unit and a cooler mining room because of it. This unit was also the one that was hooked to our PSUs that kept blowing up, so it very well could have been the culprit.

maqifrnswa

sr. member

Activity: 454

Merit: 252

Quote from: Yogafan00000 on September 18, 2013, 01:05:41 PM

My realistic suggestion is this:
Do an experiment where you assign one BFL single to commercial pool of your choice (say Eclipse, because I know you don't hate BFL/Josh yet Wink

), and another to an independant p2pool payout address and have a competition. See which miner generates the most income after 3 months. This will conclusively confirm or deny your hypothesis that p2pool is an appropriate choice for maximizing mining rewards.

the p2pool.info luck pages show exactly what you are talking about (essentially doing the experiment you are talking about). On September 1, the 90 days average showed p2pool earned 9% more than if they were on a large-scale PPLNS pool. Today the trailing average is 7% less than a large scale PPLNS pool over 90 days. Both numbers are including typical PPLNS fees.

And it isn't a hypothesis, it's a mathematically provable (analytically and verifiable via monte carlo simulations) that the expected value of mining p2pool is greater than that of any fee-based large scale pool. This is true even with increasing difficulty. However, at the current hashrates, it is mathematically provable that p2pool will have higher variance.

But Nasty has a point, nastyfans is more than just making money mining, it's doing things that are beneficial to the network. p2pool is one of the ways of maintaining decentralized control over inclusion of transactions in the blockchain.

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 137. (Read 959381 times)