📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 162.

kroneko

member

Activity: 140

Merit: 27

Quote from: kuzetsa on April 10, 2013, 04:43:04 PM

Quote from: Yogafan00000 on April 10, 2013, 10:40:45 AM

((...snip...))

...rising BTC prices (for BTC that I spent on those securities and no longer have), and the continuing failure of BFL to deliver.

rising / higher? ... Sure, there's a very slow increase in the past few years, but in the past few months it's always VERY unstable prices:

The bubble finally burst today, I noticed after I got back from running errands at or around 17:43:18 (local NY time)

BTCUSD ticker:

Best bid: 172.10000
Best ask: 178.53399
Bid-ask spread: 6.43399

Last trade: 178.53399

24 hour volume: 157429.83859094
24 hour low: 105.00000
24 hour high: 266.00000
24 hour vwap: 197.23543

Today was quite the day, think a lot of people that are new really got hit hard. When you put things in perspective though - the fact that the price dipped to where it was a month ago at the worst and a week ago as of now ~180...it could have been a lot worse.

Either way, we're going to be profitable, and I can't wait until BFL ships!

kuzetsa

sr. member

Activity: 369

Merit: 250

Quote from: Yogafan00000 on April 10, 2013, 10:40:45 AM

((...snip...))

...rising BTC prices (for BTC that I spent on those securities and no longer have), and the continuing failure of BFL to deliver.

rising / higher? ... Sure, there's a very slow increase in the past few years, but in the past few months it's always VERY unstable prices:

The bubble finally burst today, I noticed after I got back from running errands at or around 17:43:18 (local NY time)

BTCUSD ticker:

Best bid: 172.10000
Best ask: 178.53399
Bid-ask spread: 6.43399

Last trade: 178.53399

24 hour volume: 157429.83859094
24 hour low: 105.00000
24 hour high: 266.00000
24 hour vwap: 197.23543

Yogafan00000

sr. member

Activity: 314

Merit: 251

Quote from: OgNasty on April 09, 2013, 04:07:55 PM

It's difficult to predict future distributions in $ when the BTC price is rising so significantly. The bottom line is if Bitcoin continues to gain value, any $ investment made for future BTC distributions will most likely be a wise one. Particularly investments made in above average performing operations that can continue for the long term. That is why I'm making upgrades to NASTY MINING infrastructure now, like a dedicated A/C unit, increased security, & upgraded electrical circuits. Hopefully we'll be able to continue to aggressively invest as new and more efficient ASIC products come to the market. Our 38 BTC bASIC refund (image below from the OP is clickable to confirm the funds are held securely) has already grown in value significantly, to where we'll be able to take advantage of BFL's 25% discount to purchase several more miners once our current orders arrive. I think we'll be measuring our equipment by the TH/s before too many more months pass.

CURRENT HOLDINGS:

The holding address is 1AwRAGDxfXtJJmvy7hgDgV81TD6xBQjKTW and the above image will update to reflect any new donations. Wink

Thanks OGNasty. I'm trying to stay hopeful in the face of my declining securities prices, rising BTC prices (for BTC that I spent on those securities and no longer have), and the continuing failure of BFL to deliver.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Yogafan00000 on April 09, 2013, 01:54:22 PM

Quote from: ErebusBat on April 09, 2013, 11:07:20 AM

Quote from: Yogafan00000 on April 09, 2013, 11:04:48 AM

Hold steady NastyFriends,

By my napkin calculation, at quadruple current difficulty, the 600GH/s on order will net you approx $2/share/week.

Does that take into account that OgNasty isn't getting donations rightnow? Is that ~0.008 BTC?

Yes, I did take that into account. I don't know if I should have. At all 25000 shares the same calculation nets $0.64/share/week.

It's difficult to predict future distributions in $ when the BTC price is rising so significantly. The bottom line is if Bitcoin continues to gain value, any $ investment made for future BTC distributions will most likely be a wise one. Particularly investments made in above average performing operations that can continue for the long term. That is why I'm making upgrades to NASTY MINING infrastructure now, like a dedicated A/C unit, increased security, & upgraded electrical circuits. Hopefully we'll be able to continue to aggressively invest as new and more efficient ASIC products come to the market. Our 38 BTC bASIC refund (image below from the OP is clickable to confirm the funds are held securely) has already grown in value significantly, to where we'll be able to take advantage of BFL's 25% discount to purchase several more miners once our current orders arrive. I think we'll be measuring our equipment by the TH/s before too many more months pass.

CURRENT HOLDINGS:

The holding address is 1AwRAGDxfXtJJmvy7hgDgV81TD6xBQjKTW and the above image will update to reflect any new donations. Wink

Yogafan00000

sr. member

Activity: 314

Merit: 251

Quote from: ErebusBat on April 09, 2013, 11:07:20 AM

Quote from: Yogafan00000 on April 09, 2013, 11:04:48 AM

Hold steady NastyFriends,

By my napkin calculation, at quadruple current difficulty, the 600GH/s on order will net you approx $2/share/week.

Does that take into account that OgNasty isn't getting donations rightnow? Is that ~0.008 BTC?

Yes, I did take that into account. I don't know if I should have. At all 25000 shares the same calculation nets $0.64/share/week.

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: Yogafan00000 on April 09, 2013, 11:04:48 AM

Hold steady NastyFriends,

By my napkin calculation, at quadruple current difficulty, the 600GH/s on order will net you approx $2/share/week.

Does that take into account that OgNasty isn't getting donations rightnow? Is that ~0.008 BTC?

Yogafan00000

sr. member

Activity: 314

Merit: 251

Hold steady NastyFriends,

By my napkin calculation, at quadruple current difficulty, the 600GH/s on order will net you approx $2/share/week.

Equilux

sr. member

Activity: 353

Merit: 251

Quote from: OgNasty on April 08, 2013, 09:04:17 AM

Quote from: Equilux on April 08, 2013, 08:52:42 AM

OgNasty, There are rumors that ASICMINING will be auctioning some of their rigs and shipping them immediately. As far as I'm concerned that would be a great opportunity to acquire some non-BFL ASIC's. What do you think?

I haven't looked into the power usage of ASICMINING equipment vs. BFL, but if it's competitive I don't see why we couldn't place a bid.

I think it might very well be competitive since BLF's specs have been quite severely adjusted earlier this month. I remember a post in the ASICMINER thread where someone calculated the MH/J based on BFL's old specs and ASICMINER was only slightly worse.

kuzetsa

sr. member

Activity: 369

Merit: 250

...

Quoted for emphasis / context

Quote from: kuzetsa on March 21, 2013, 10:58:54 AM

Wow, finally time for the FPGA to ASIC trade-in procedure
(I'm assuming this was cut-copy-pasted from an email)

Quote from: sourced from BFLUPDATE.INFO blogger

Dear FPGA Upgrade Customer,

We are nearly ready to begin shipping and we want to give you time to arrange your trade-in so you won’t lose any time getting into ASIC mining. We are putting forth 3 ways to help you get your miner as quickly as possible...

((...snip...))

Based solely on my own opinion, it looks legit... See link:

MAR 15, 2013: Send your FPGA Trade-Ins

@OgNasty

Which method are we using?

...Have you received any similar email or communication from BFL?

Quote from: OgNasty on March 21, 2013, 11:32:38 AM

We'll be using the regular trade-in method. I'll ship our FPGAs out to BFL as soon as I get the word. As of yet, I have received no communication from them.

Quote from: OgNasty on March 29, 2013, 11:47:30 AM

Quote from: aquarius on March 29, 2013, 09:12:05 AM

Quote from: ErebusBat on March 29, 2013, 08:47:30 AM

Quote from: aquarius on March 29, 2013, 05:35:46 AM

Quote from: Mushoz on March 29, 2013, 04:21:21 AM

The sooner the better. We're way ahead in the queue, so let's use that to our advantage before the difficulty skyrockets. We could earn those ASICs back in matter of weeks right now.

totally agree!

I personally agree; however OgNasty pays for the power out of his pocket so I would like to hear his opinion.

yes, but naturally, we would have to donate back for that (the extra power), out of our donations we get from OgNasty

I have no problem with rushing the first few units and paying a higher power cost.

((...snip...))

Is there any reason we can't have BFL immediately send 5 of the 10 units (having them place the other 5 on hold) so we have 5 ASIC units running as early as possible?

... and then like... we send in all of the previous-generation (FPGA) BFL singles for trade-up program to release the other 5?

Wouldn't that be the most efficient way to make sure we can actually take advantage of being a low order number?

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: OgNasty on April 08, 2013, 09:04:17 AM

Quote from: Equilux on April 08, 2013, 08:52:42 AM

OgNasty, There are rumors that ASICMINING will be auctioning some of their rigs and shipping them immediately. As far as I'm concerned that would be a great opportunity to acquire some non-BFL ASIC's. What do you think?

I haven't looked into the power usage of ASICMINING equipment vs. BFL, but if it's competitive I don't see why we couldn't place a bid.

Competitive or not, ASICminer has a product, BFL doesn't, so ASICminer = good, BFL = not good

Anyway, there's nothing to compare to as BFL doesn't have power usage for their models yet...

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Equilux on April 08, 2013, 08:52:42 AM

OgNasty, There are rumors that ASICMINING will be auctioning some of their rigs and shipping them immediately. As far as I'm concerned that would be a great opportunity to acquire some non-BFL ASIC's. What do you think?

I haven't looked into the power usage of ASICMINING equipment vs. BFL, but if it's competitive I don't see why we couldn't place a bid.

Equilux

sr. member

Activity: 353

Merit: 251

OgNasty, There are rumors that ASICMINING will be auctioning some of their rigs and shipping them immediately. As far as I'm concerned that would be a great opportunity to acquire some non-BFL ASIC's. What do you think?

nonnakip

hero member

Activity: 633

Merit: 591

Distribution 229830 is complete. It was a hour early this time. I forgot about daylight savings. Next week it goes back to 19:00 UTC.

aquarius

sr. member

Activity: 275

Merit: 250

Quote from: OgNasty on April 05, 2013, 12:45:27 AM

It seems that BFL has greatly increased the price of their products (source: BFL Products) and lowered their expected hash rates. They have also promised to honor all presale hash rate and price promises (source: BFL_Josh). This should be viewed as good news for us, as it will slow the growth of the overall network and make our preorders that much more valuable.

awesomeness is awesome!

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

Quote from: Akka on April 05, 2013, 03:22:04 AM

I must say, I'm amazed about the confidence Nasty Fans have in you OgNasty.

After the recent fuzz about BFL I hoped I could pick some seats up for ridiculous small prices, but jet all Fans seem to stay very calm.

That really speaks for you.

I think also the way we get seats without API etc. (like on the exchanges) keeps people who are in for the quick trade / buck away. Less hectic, if you know what I mean.

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

Quote from: Akka on April 05, 2013, 03:22:04 AM

I must say, I'm amazed about the confidence Nasty Fans have in you OgNasty.

After the recent fuzz about BFL I hoped I could pick some seats up for ridiculous small prices, but jet all Fans seem to stay very calm.

That really speaks for you.

Nastymining and Nastyfans rock! My second favorite investment after asicminer. While everyone else was sitting on their hands waiting for an exchange or running for the hills (fuck you FPGAMINER- Moparwhateverasshole! and I am sure many others) OgNasty stepped up and took care of business. That goes a long way with Nastyfans and that is why Nastymining will go far.

Akka

legendary

Activity: 1232

Merit: 1001

I must say, I'm amazed about the confidence Nasty Fans have in you OgNasty.

After the recent fuzz about BFL I hoped I could pick some seats up for ridiculous small prices, but jet all Fans seem to stay very calm.

That really speaks for you.

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

It would be great if we could get the 25% retained donations poll wrapped up with a yes decision so that these asic profits can be used for further expansion along with your magic rabbits Og. C'mon and vote you lazy (but otherwise awesome) nastyfans! Get it done!

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

It seems that BFL has greatly increased the price of their products (source: BFL Products) and lowered their expected hash rates. They have also promised to honor all presale hash rate and price promises (source: BFL_Josh). This should be viewed as good news for us, as it will slow the growth of the overall network and make our preorders that much more valuable.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: laubzega on April 03, 2013, 04:23:00 AM

Hey OgNasty, care to tell us more about the rabbits? Or at least share a date when you will do this? Thanks.

It will be a while. Most likely several months as it takes time to do things right. I will say that I am exploring additional ways for NastyFans to receive donations with nonnakip. I am also exploring ways to increase the hash rate per seat, without requiring any additional funding from current seat owners or diverting donations to NASTY MINING.

The A/C unit I ordered has arrived. This should allow for our ASICs to perform very well if BFL releases more "experimental" drivers, as they did with their FPGAs.

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 162. (Read 959381 times)