I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalksearch.org/topic/btc-tc-nasty-pt-100-shares-1-nasty-fans-seat-closed-268589
Carnth - thanks for setting this up!!
https://btct.co/security/NASTY-PT
Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 145. (Read 958972 times)
I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalksearch.org/topic/btc-tc-nasty-pt-100-shares-1-nasty-fans-seat-closed-268589
Carnth - thanks for setting this up!!
https://btct.co/security/NASTY-PT
I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
Thanks for explaining! So how would you decide on a price? You buy them for the current price on Nastyfans, and list them for slightly more on btct.co?
I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalksearch.org/topic/btc-tc-nasty-pt-100-shares-1-nasty-fans-seat-closed-268589
Update:
Our recently purchased power supply burned out this morning. It was only purchased a few weeks ago so I was able to exchange it at Best Buy for a new one. Hopefully the new one lasts a little longer. The PSU was getting plenty of cool airflow, so I can't really explain why our PSUs keep dropping like flies.
Thanks Carnth. Nice to see such a longstanding forum member offering another option. Also great to see that 1% of donations received will be sent back to the fan club.
I already own the shares to cover the pass-thru, but I do intend to buy more on NastyFans.org. I have no set plan for how my personal purchases are made.
Our recently purchased power supply burned out this morning. It was only purchased a few weeks ago so I was able to exchange it at Best Buy for a new one. Hopefully the new one lasts a little longer. The PSU was getting plenty of cool airflow, so I can't really explain why our PSUs keep dropping like flies.
I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
Thanks Carnth. Nice to see such a longstanding forum member offering another option. Also great to see that 1% of donations received will be sent back to the fan club.
So are you indeed using your own shares OgNasty? Or are you buying them on NastyFans?
I already own the shares to cover the pass-thru, but I do intend to buy more on NastyFans.org. I have no set plan for how my personal purchases are made.
Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts!
can i somehow move my full shares to bitfunder?
Per the profile description on BitFunder:
- 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)
- Shares will have no voting rights and can not be exchanged for NastyFans.org Seats or vice versa.
Ah I should have read that before I asked questions. But I did notice a typo;
"EXCERT" should be "EXCERPT"
And I think the parts about buying and selling seats could be removed, since it doesn't apply on BitFunder.
I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.
So are you indeed using your own shares OgNasty? Or are you buying them on NastyFans?
I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
Thanks for explaining! So how would you decide on a price? You buy them for the current price on Nastyfans, and list them for slightly more on btct.co?
Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?
I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.
I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.
Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?
I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.
Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts!
can i somehow move my full shares to bitfunder?
Per the profile description on BitFunder:
- 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)
- Shares will have no voting rights and can not be exchanged for NastyFans.org Seats or vice versa.
https://bitfunder.com/asset/NastyFans
can i somehow move my full shares to bitfunder?
...or BitFunder is also now an option.
https://bitfunder.com/asset/NastyFans
Sorry, I've been drinking tonight. Good job man, been with NastyMining since GLBSE. Fun times. lol
...or BitFunder is also now an option.
https://bitfunder.com/asset/NastyFans
Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts!
...or BitFunder is also now an option.
https://bitfunder.com/asset/NastyFans
Are seats still available?
Sign up for nastyfans.org
its its own self contained exchange.
Are seats still available?
Now that BFL has moved beyond day 1 60GH/s ASIC orders, I have unplugged 3 more of our FPGAs to send back to BFL to be upgraded. This hopefully results in us adding some more hashing power soon.
Glad to hear it! Eager to see more and more hashing power per seat
Now that BFL has moved beyond day 1 60GH/s ASIC orders, I have unplugged 3 more of our FPGAs to send back to BFL to be upgraded. This hopefully results in us adding some more hashing power soon.
I feel the best way to address this concern is to continue diversifying the operation.
Agreed.
My hope is that you, the NastyFans, will join together at some point in the very near future to strengthen our mining network to multiple locations around the globe.
Solid perspective. With the right structure, I think collaborative participation will be very forthcoming. Looking forward to announcements.
One remaining concern is geopolitical. What aspects of the operation are secure against legal threats or confiscation?
I don't want to pretend I'm a lawyer, but from my understanding, all I am doing is mining BTC. Last I checked, that was legal. NastyFans are also trading fan club seats amongst each other, so there really isn't any banking or anything like that going on as with the other exchanges. However, I feel the best way to address this concern is to continue diversifying the operation. I suspect over the next couple months you will see a few new products/services relating to NastyFans. I have been hard at work, as has nonnakip for quite some time on a few different projects/services that will benefit current seat owners. My hope is that you, the NastyFans, will join together at some point in the very near future to strengthen our mining network to multiple locations around the globe. Get ready. Exciting things are coming.
You're not doubling anything until you get the hardware. By then 500gh/s might not be so worth it
As long as it arrives by around mid-October, it should generate a reasonable return. In addition to KNC, Bitfury hardware would be an ideal addition for diversification.
One remaining concern is geopolitical. What aspects of the operation are secure against legal threats or confiscation?
I'd run one on btct.co if there is enough demand for it.
I'm all for that
We're nearly doubling our total hash rate without reducing seat distributions.
You're not doubling anything until you get the hardware. By then 500gh/s might not be so worth it
Has there ever been any discussion about getting your shares on an exchange. Like with a passthru or whatever?
As requested, a 1/100th NastyFans Micro-Share Pass-Thru is now available for trading on BitFunder.
https://bitfunder.com/asset/NastyFans
You should list it on btct.co
It is pretty difficult to get funds on bitfunder
I'd run one on btct.co if there is enough demand for it.
Is there anyone interested in running one on Havelock?
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