I donated my last 2 weeks of NastyFans dividends for the A/C upgrades.
Think we can get some pics posted on the fans site of all the new gear someday?
Much appreciate all your hard work.
Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 160. (Read 959381 times)
Can't do it right away but will donate for this improvement in the weeks to come. Big thanks to OgNasty and Nonnakip.
Nasty
Are you using your own funds to pay for the expansion? If so, why?
Are you using your own funds to pay for the expansion? If so, why?
Yes, I am. We've never discussed having NastyFans pay for infrastructure improvements, and I didn't want to start an argument or turn away potential/existing seat owners with unexpected costs. For that reason, I saw this as another opportunity to show my dedication to the project. If for some reason there were NastyFans that wanted to help me with the a/c and electrical circuit costs, the estimate for work being done this Thursday is ~$2,000 and donations can be made to my BTC address: 168WXhArv7Fasqvi2xm5MQMfLhG18jifMe
Nasty
Are you using your own funds to pay for the expansion? If so, why?
Are you using your own funds to pay for the expansion? If so, why?
Unfortunately they're all jalapenos, so unless he ordered them separately for personal mining they shouldn't have any of his there.
It is true I hold one of the first jalapeno orders. I ordered for personal use, but given the delays with BFL, I don't see why I can't share with my fans. I haven't received any communication that my unit is one of the ones that shipped, but I will be checking my mail daily and hoping for the best.
There have been lots of exciting things going on behind the scenes over the last two weeks. nonnakip has done a lot of work on the website and has asked me to begin testing a cool new service for NastyFans. This will (I'm assuming) result in our hashing power being displayed incorrectly while our equipment is diverted for testing. However, we will still be mining and rewards will make their way to the regular donation address. I've also arranged for some electrical improvements to be done this week, which will bring our equipment offline for a bit while an electrical sub-panel is installed. This should give us more than enough power to aggressively expand when the right opportunity presents itself. In addition, an exhaust line is going to be installed this week so that the stand alone a/c unit can be brought online using the new electrical circuit. This should immediately increase donations, as we're currently seeing ~10% failure rates due to throttling. With a bit of luck, a best case scenario would be that we're ASIC mining on our own pool, in a cooled environment, using a dedicated electrical circuit by the weekend.
Unfortunately they're all jalapenos, so unless he ordered them separately for personal mining they shouldn't have any of his there.
My hope is based on the number 4 spot on the unofficial BFL wait list . (It's not much, but it's all I've got!!)
Unfortunately they're all jalapenos, so unless he ordered them separately for personal mining they shouldn't have any of his there.
The best "canary in a coal mine" alert will be the e-mail to OGNasty from BFL. I would think BFL would be asking for the trade-in Singles to be mailed back first.
I still find it insane (in a good way) that you use C++.
Actually it is C. Thank you for compliment.
Nonnakip, many thanks for the new features!
Thank you. I always work in the background to improve nastyfans. I have more features to do still.
Nonnakip, many thanks for the new features!
Thank you. I always work in the background to improve nastyfans. I have more features to do still.
Nonnakip, many thanks for the new features! I was about to request a sell-list, but not only did we get that, also quite a few more things i did not expect!
The IPO was 25,000 seats from day one. ((...snip...)) I hope people do their own research and don't listen to you, because you're a nut job.
((...snip...))
((...snip...))
What were you referring to? Why did you imply a different number than 25000 last year?
IPO UPDATE:
1,080 shares have been sold so far after 48 hours of trading. That leaves roughly 2,260 more shares to be sold in order for shareholders to own all of the equipment that has already been purchased for this operation.
1,080 shares have been sold so far after 48 hours of trading. That leaves roughly 2,260 more shares to be sold in order for shareholders to own all of the equipment that has already been purchased for this operation.
Incidentally... I added those numbers wrong:
Code:
1080 + 2260 = 3340
...
3340 + 2600 = 5940
...
3340 + 2600 = 5940
Edit: Oh... maybe my math skills aren't entirely to blame?
It's all kinda confusing because one of ognasty's posts from from June 2012 kinda looked like it was saying 1080 + 2260 would be the entire IPO. I must've been confused / I got the number "3200" from yet another ognasty post, and I just assumed it all adds up:
When do you expect to have the BFL's to start paying a dividend?
ASAP. The order was placed 3 weeks ago for the first couple units... I'm hoping to start dividend payments once the initial 3,200 shares are sold. Depending on the length of time between that and the arrival of our first batch of equipment, I may be willing to cover theoretical earnings prior to the operation being brought online.
kuzetsa, I'm not the one undercutting you and I've never sold a seat below the IPO price. Believe me when I tell you that there is nothing I would like to see more than you selling all your seats.
I don't have the patience to point out all the ways that you're wrong. The offering was 25,000 seats from day one as that was how many seats were issued by GLBSE. It was never increased to this day. The number you quote is the amount that was offered on the first day of trading at the original price and backed by the equipment held at the time. I hope people do their own research and don't listen to you, because you're a nut job.
They're backed by hardware orders and aren't receiving distributions until the hardware is in place. You have no point, you're a troll and nowhere near as clever as you think you are.
I don't have the patience to point out all the ways that you're wrong. The offering was 25,000 seats from day one as that was how many seats were issued by GLBSE. It was never increased to this day. The number you quote is the amount that was offered on the first day of trading at the original price and backed by the equipment held at the time. I hope people do their own research and don't listen to you, because you're a nut job.
What about the larger number. The 25000 "seats" (most of which are converted from treasury shares which you now control)
Are those backed by hardware?
That was my point.
Are those backed by hardware?
That was my point.
They're backed by hardware orders and aren't receiving distributions until the hardware is in place. You have no point, you're a troll and nowhere near as clever as you think you are.
The number you quote is the amount that was offered and backed by the equipment held at the time. I hope people do their own research and don't listen to you...
Right.
You're confirming that 5800 are backed by hardware...
What about the larger number. The 25000 "seats" (most of which are converted from treasury shares which you now control)
Are those backed by hardware?
That was my point.
Edited: re-linked the source for the quote... it is now a quote of the post "after" this one
(OgNasty deleted the post I was quoting, only to add a new post which contains the same text
... and a re-write of the namecalling so it now calls me a "troll" in addition to "nut job")
Please see my post here:
https://bitcointalksearch.org/topic/m.1683055
OgNasty controlled treasury shares in GLBSE. Your demands are unjustified.
https://bitcointalksearch.org/topic/m.1683055
OgNasty controlled treasury shares in GLBSE. Your demands are unjustified.
Not the same as outstanding shares.
IPO UPDATE:
1,080 shares have been sold so far after 48 hours of trading. That leaves roughly 2,260 more shares to be sold in order for shareholders to own all of the equipment that has already been purchased for this operation.
1,080 shares have been sold so far after 48 hours of trading. That leaves roughly 2,260 more shares to be sold in order for shareholders to own all of the equipment that has already been purchased for this operation.
IPO was originally only 3200 outstanding shares
When do you expect to have the BFL's to start paying a dividend?
ASAP. The order was placed 3 weeks ago for the first couple units... I'm hoping to start dividend payments once the initial 3,200 shares are sold. Depending on the length of time between that and the arrival of our first batch of equipment, I may be willing to cover theoretical earnings prior to the operation being brought online.
Im eager to know, who the 1000 shares investor is.
@Unknown care to reaveal yourself?
It was actually 2,600 shares that were purchased at 0.5BTC/share by the mystery investor. Not my place to name him though. @Unknown care to reaveal yourself?
@ Nasty have you done a liquidity planning?
With the newest issue of stocks i'd love to see some more transparency regarding future investements, share issues etc.
I haven't done much thought with liquidity planning yet. I'm still in hardware purchasing mode.With the newest issue of stocks i'd love to see some more transparency regarding future investements, share issues etc.
With the added mystery shares, the total outstanding became 5800 shares (3200 + 2600)
That was July 2012 (nearly a year ago)
... this value of 5800 is completely supported by empirical evidence with the first distribution of nasty fans:
Code:
12/17/12 09:05 PM 5812
There were aprox 5800 "outstanding shares" when GLBSE closed. The rest were "treasury shares"
Quote from: Stock dilution (wikipedia)
Stock dilution is a general term that results from the issue of additional common shares by a company. This increase in the number of shares outstanding ...
((...snip...))
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market (using follow-on offerings) for no particular reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders.
((...snip...))
A share dilution scam happens when a company, typically traded in unregulated markets such as the OTC Bulletin Board and the Pink Sheets, repeatedly issues a massive amount of shares into the market (using follow-on offerings) for no particular reason, considerably devaluing share prices until they become almost worthless, causing huge losses to shareholders.
... and also:
Quote from: Follow-on offering (wikipedia)
A follow-on offering (often but incorrectly called secondary offering) is an issuance of stock subsequent to the company's initial public offering. A follow-on offering can be either of two types (or a mixture of both): dilutive and non-dilutive.
It occurs to me that you never proved the full 25k seats were backed by any actual investment on your part.
Please see my post here:
https://bitcointalksearch.org/topic/m.1683055
OgNasty controlled treasury shares in GLBSE. Your demands are unjustified.
Jump to: