Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 143. (Read 958972 times)

Awesome! It's good to see you're backing this undertaking with your own funds OgNasty!
Thanks and keep the good work!
 

That's a shame.  The pool party hasn't even started yet.

That's it, I'm out. Stop supporting BFL.

NASTY MINING: Monarch Upgrade Loan
Requested Amount: BTC200
Payment Address: 1NASTYfxUpKPwin7b1KTBFjeeofrLSgXDJ

---

LOAN REQUEST:
I am raising funds to take advantage of the Butterfly Labs Monarch upgrade program for NASTY MINING.  I am personally pledging BTC25 to the effort and will not be repaid anything until all other lenders have been repaid in full.  Lenders will be repaid by NASTY MINING's 25% share of NastyFans' donation distributions.  Lenders will not be repaid until our other loan is paid in full. 

If you are interested in participating in this loan, please see the following thread for more information: NASTY MINING: Monarch Upgrade Loan

Well, I personally would not make any preordes with BFL and would no rust them with my money in advance. But I trust you to make the right decisions, so I pledge BTC25 should NasyMining need another loan.

Enjoy the game.

As some of you may have read, BFL has released a new next gen Bitcoin miner.  In the race to always be first to order, I have decided to upgrade our mini-rig order to 5 monarch orders.  That will give us 3TH/s in mining power and only helps our long term goals.  As stated, I already placed the order using my own funds (which will be a BTC25 loan) and I think we should consider upgrading a few of our other recent ASIC orders as well.  Unfortunately, I now have BTC85 loaned out to NASTY MINING of my personal funds, and cannot afford to spend more on upgrades out of my own pocket at this time without jeopardizing other project timelines.  I hesitate to take out another loan, but perhaps that may be best.  I currently don't have the time to discuss all the options this afternoon (it is Saturday and there is football on), but if anyone has any suggestions on the best way to handle these upgrades, please make your opinion known.

I am also aware that I dropped the ball distributing to BitFunder shares yesterday.  My apologies.  I will take care of that now.

Monarch in all it's glory:
http://www.butterflylabs.com/monarch/

It probably should and there's probably a reason it isn't.   

I think this should be more clear in the first post.

Go to http://nastyfans.org and sign up.

How do I purchase some nasty seats directly? 

Distribution 252502 is complete. We appreciate the donations.

hm, bitfunder suddenly got little more intersting, thanks :-)

No fees for the one on Bitfunder:
https://bitfunder.com/asset/NastyFans#tab_description

No, you would have to own 105 shares to get same dividends as one seat, as 5% are fees (4% management, 1% donation back to nastyfans)

My question is: Do (or would I) get the same dividends by owning 100 shares or 1 seat?

I am generous to NastyFans because that's what I am, and that's who I care about.

This is really cool, but I'm wondering why you are being so generous. It looks like nearly all the the profits are being donated. Were some seats sold to organize/pay for this? If so, that's a really interesting diversification and another thing that is unique to the nastyfans group and would justify the extra donations to the fanclub.

I think a PT on Havelock would be great, since as far as I'm concerned it's the most respectable platform i know of. I would also be interested in trading seats on Havelock myself, but that might be slightly more complicated. Although I believe they recently deployed a share-import function there.

Things always cost more in smaller quantities.  You are also paying a premium to cover the exchange listing costs and the issuer's time spent.  I think in time, the price of a full seat will rise to meet the micro-share price.  At which point the micro-share prices will most likely rise.


UPDATE:
As you may have noticed, I've been spending a lot of time diversifying NASTY MINING and finding new donation sources outside of our typical mining operation.  Diversification has taken the form of obtaining assets on BitFunder, participating in group buys, developing new services, and even taking out a loan denominated in BTC.  Finding new donation sources outside our main operation is also important.  That is why I started a fee-free pass-thru on BitFunder and gave my blessing to Carnth to run a pass-thru on BTCT where 1% of all donations received are sent back to NastyFans.  This brings us to my latest fund raising effort.  On July 31st, I paid to have 1,000 NastyFans 1g silver coins made.  For each of these coins sold, BTC0.01 will be donated to NastyFans.  This is also a pilot program for a much larger and more exciting product, which will also have profits donated to NastyFans.  If you would like to help support this fundraiser for NastyFans and pick up some silver in the process, check out my thread in the Goods section:

[WTS] NastyFans 1g .999 Fine Silver Collector's Rounds (2013)

It is possible! 1000 more shares are being released as I type this. And if that's not enough, even more will be added.
Thanks for everyone for making the btct.co PT a success.


PS. How much interest is there for a PT on Havelock?