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Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 143. (Read 959523 times)

sr. member
Activity: 766
Merit: 250
Patience rarely pays off in the BTC mining world and our current orders would most likely become worthless if they are not upgraded and upgraded quickly.  Had I not acted quickly with the last round of upgrades BFL offered, we would still be mining at 1MH/seat. Instead, we now have over 180MH/s per seat that is paid for, and that number will continue to increase.  It really is amazing the amount of growth we've seen in such a small period of time.  My hope is to continue that growth and being patient doesn't seem to be the way to achieve that goal.  There are other projects in the works that will provide mid-term (I think 3-6 months is "mid-term" in the BTC world) donations while we await these new miners.  Our immediate focus should be upgrading and then bringing new products and services to the table while we repay our debts.
True

I will most likely just trade in 2 orders for 1 upgrade, and if any more funds are raised, I can use them to place new orders.


I have done this.  I think we should keep our last remaining preorder and hope that it ships soon.  Thoughts?  Any more funds raised this weekend (possibly longer?) via our loan request will now go towards purchasing new 600GH/s units.  

I agree on keeping the last preorder as is. I sent you 5 as I hadn't read this yet. But am happy to contribute!
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
It seems alot of competition is coming round the corner in the next couple of months.  I would think patience might have been a better route to take.  It could very well be a year before you see these things.  

Patience rarely pays off in the BTC mining world and our current orders would most likely become worthless if they are not upgraded and upgraded quickly.  Had I not acted quickly with the last round of upgrades BFL offered, we would still be mining at 1MH/seat. Instead, we now have over 180MH/s per seat that is paid for, and that number will continue to increase.  It really is amazing the amount of growth we've seen in such a small period of time.  My hope is to continue that growth and being patient doesn't seem to be the way to achieve that goal.  There are other projects in the works that will provide mid-term (I think 3-6 months is "mid-term" in the BTC world) donations while we await these new miners.  Our immediate focus should be upgrading and then bringing new products and services to the table while we repay our debts.


I will most likely just trade in 2 orders for 1 upgrade, and if any more funds are raised, I can use them to place new orders.

I have done this.  I think we should keep our last remaining preorder and hope that it ships soon.  Thoughts?  Any more funds raised this weekend (possibly longer?) via our loan request will now go towards purchasing new 600GH/s units.  
hero member
Activity: 887
Merit: 1000
It seems alot of competition is coming round the corner in the next couple of months.  I would think patience might have been a better route to take.  It could very well be a year before you see these things.  
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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

This loan request could be going better...  I really think we should try hard to raise these funds immediately in order to remain in the front of the next upgrade cycle.  If anyone has BTC5 or more that they would like to lend, please contact me.  I would really like to get some of our remaining 4 ASIC orders upgraded today.

So will this mean Nasty will not be getting the Singles?

Not if we can raise the funds to upgrade them, which is absolutely necessary if we want to keep up with the rat race.

EDIT:  I have upgraded another of our 60GH/s miners to 600GH/s.  One of our 60GH/s miner orders is not too far away from being shipped, so we can keep that one for the near term power it will provide if people would like.  However, I would like to upgrade at least 2 more of them carrying older dates.  We are currently 40 BTC short to upgrade the remaining 2 orders.  If the BTC to place those orders isn't raised in the next few hours, I will most likely just trade in 2 orders for 1 upgrade, and if any more funds are raised, I can use them to place new orders.
hero member
Activity: 887
Merit: 1000
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

This loan request could be going better...  I really think we should try hard to raise these funds immediately in order to remain in the front of the next upgrade cycle.  If anyone has BTC5 or more that they would like to lend, please contact me.  I would really like to get some of our remaining 4 ASIC orders upgraded today.

So will this mean Nasty will not be getting the Singles?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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

This loan request could be going better...  I really think we should try hard to raise these funds immediately in order to remain in the front of the next upgrade cycle.  If anyone has BTC5 or more that they would like to lend, please contact me.  I would really like to get some of our remaining 4 ASIC orders upgraded today.
hero member
Activity: 633
Merit: 591
here might be a bug with the payout scrip. On Nastyfans all BTC from the last distribution are still shown as not distributed and are also added to the no distributed yet amount.

No that this causes a bug next Friday when the script tries to distribute more than it has.

Thank you for reporting. It was a issue with the website records.

The website is only a display window and is not related to payment and distribution server.
legendary
Activity: 1232
Merit: 1001
here might be a bug with the payout scrip. On Nastyfans all BTC from the last distribution are still shown as not distributed and are also added to the no distributed yet amount.

No that this causes a bug next Friday when the script tries to distribute more than it has.
hero member
Activity: 859
Merit: 1000
Awesome! It's good to see you're backing this undertaking with your own funds OgNasty!
Thanks and keep the good work!
 Smiley
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
That's it, I'm out.

That's a shame.  The pool party hasn't even started yet.
hero member
Activity: 551
Merit: 500
That's it, I'm out. Stop supporting BFL.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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

legendary
Activity: 1232
Merit: 1001
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/

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.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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/
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
How do I purchase some nasty seats directly? 

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

It probably should and there's probably a reason it isn't.   Wink
sr. member
Activity: 321
Merit: 250
Bitbuy.nl!
How do I purchase some nasty seats directly? 

I think this should be more clear in the first post.
hero member
Activity: 887
Merit: 1000
How do I purchase some nasty seats directly? 

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

legendary
Activity: 2128
Merit: 1119
How do I purchase some nasty seats directly? 
hero member
Activity: 633
Merit: 591
Distribution 252502 is complete. We appreciate the donations.
sr. member
Activity: 406
Merit: 250
My question is: Do (or would I) get the same dividends by owning 100 shares or 1 seat?

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)
No fees for the one on Bitfunder:
https://bitfunder.com/asset/NastyFans#tab_description
Quote
1,000 NastyFans Seats are being held in an account on NastyFans.org to back this 1/100th micro-share pass-thru.
100% of all BTC distributions received will be distributed to their respective shares. (no operator fees)

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