📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 205.

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: OgNasty on July 15, 2012, 11:36:01 PM

Quote from: miscreanity on July 15, 2012, 11:32:07 PM

Quote from: OgNasty on July 15, 2012, 11:26:43 PM

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits. This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.

Is there an escrow being used?

Due to my reputation, kibblesnbits has agreed to send the Single to be tested and confirmed as working normally prior to receiving payment.

Even better

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: miscreanity on July 15, 2012, 11:32:07 PM

Quote from: OgNasty on July 15, 2012, 11:26:43 PM

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits. This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.

Is there an escrow being used?

Due to my reputation, kibblesnbits has agreed to send the Single to be tested and confirmed as working normally prior to receiving payment.

kibblesnbits

hero member

Activity: 557

Merit: 500

Quote from: OgNasty on July 15, 2012, 11:26:43 PM

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits. This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.

Looking forward to becoming a fellow shareholder. Have it shipped first thing Monday morning.

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: OgNasty on July 15, 2012, 11:26:43 PM

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits. This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.

Is there an escrow being used?

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

In an effort to get dividends for this operation rolling as soon as possible, I have come to an agreement to purchase 1 BFL Single from forum user kibblesnbits. This single should be shipped out tomorrow and dividends will begin being paid shortly after receipt of the device.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Timbo925 on July 10, 2012, 11:22:30 AM

Quote from: ?? on ??

Quote from: Gladamas on July 10, 2012, 12:35:53 AM

OgNasty, are you paying any dividends before the ASIC units arrive?

At what Mhash/s are dividends to be expected?
If its 20 MHash/s that would make ~0.08 BTC per Share/Week which IMHO is not sustainable until ASIC arrives!

Will be 1 MHash/s because that was the initial rate for what the IPO was sold. The normal singles are still on the way. Once they arrive they will pay and earn the 1 mhash/s for the divident.
Once the asic are in place the bond will pay out the 20 mhash/s

This is a fairly accurate statement. Thanks Timbo. Although I do cringe every time I see the word bond when discussing this security.

I would add that we are ramping up hashing power for the dividends as our singles arrive, the first couple of which should ship later this month. It may be another month or two before all of our FPGA singles have been received and our full hashing power is unleashed.

Timbo925

sr. member

Activity: 352

Merit: 250

Quote from: ?? on ??

Quote from: Gladamas on July 10, 2012, 12:35:53 AM

OgNasty, are you paying any dividends before the ASIC units arrive?

At what Mhash/s are dividends to be expected?
If its 20 MHash/s that would make ~0.08 BTC per Share/Week which IMHO is not sustainable until ASIC arrives!

Will be 1 MHash/s because that was the initial rate for what the IPO was sold. The normal singles are still on the way. Once they arrive they will pay and earn the 1 mhash/s for the divident.
Once the asic are in place the bond will pay out the 20 mhash/s

Newar

legendary

Activity: 1358

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https://gliph.me/hUF

Quote from: Gladamas on July 10, 2012, 12:35:53 AM

OgNasty, are you paying any dividends before the ASIC units arrive?

He said so here: https://bitcointalksearch.org/topic/m.1006477

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

OgNasty, are you paying any dividends before the ASIC units arrive?

OgNasty

donator

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Quote from: DutchBrat on July 09, 2012, 05:23:31 AM

Disclaimer: I might pick up some shares in this mining outfit ~~when~~ if the price drops below 0.30 btc Cool

You and me both. Wink

PolymorphicAssasin

newbie

Activity: 46

Merit: 0

Quote from: Gladamas on July 05, 2012, 03:41:25 PM

Quote from: PolymorphicAssasin on July 05, 2012, 02:32:44 PM

Subbing

https://bitcointalksearch.org/topic/m.993068

There is no need to Sub.

Missed that. Thanks.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: OgNasty on July 08, 2012, 10:37:24 PM

Quote from: DutchBrat on July 06, 2012, 06:51:47 AM

Seems like people are overpaying a lot just to be the first to mine with an ASIC

Perhaps they know something you don't.

I don't doubt that !!! Grin

Seriously: It all comes down to how much early adaptor advantage you will get from ASIC mining in the first 2 weeks..... And seeing as you are right there at the top of the waiting list your advantage will be the biggest.... if it is worth 0.30 btc/share only time will tell Wink

Good luck !!!!

Disclaimer: I might pick up some shares in this mining outfit when the price drops below 0.30 btc Cool

OgNasty

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Quote from: DutchBrat on July 06, 2012, 06:51:47 AM

Seems like people are overpaying a lot just to be the first to mine with an ASIC

Perhaps they know something you don't.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: Timbo925 on June 24, 2012, 04:59:11 PM

Quote from: Philj on June 24, 2012, 04:43:45 PM

new singles cost a little more than double compared to the old singles.

Oh didn't now that.
So lets do the math again.

634$ for a single with shipping. 1/800 of 634$ is 0,7925$ a share value in real equipment.
A ASIC single is 1333$ with shipping 1333$/0.7925$ = 1682 shares for each ASIC single.
40000 mh/s / 1682 shares = 23.78 mh/s/share

We don't now the power consumption for the ASIC so for now it seems a good deal.

If 1682 shares are needed for 1 ASIC then 1 shares should be worth $1333 /1682 = $0.80 or about 0.12 BTC

Calculating in another way: 1 ASIC gives 40.000 MH/s 1 share is worth 20 MH/s, 1/2000th of 1 ASIC

$1333 /2000 = $0.665 per share or a share price of 0.10 BTC

Seems like people are overpaying a lot just to be the first to mine with an ASIC, now I know it is going to be profitable in the beginning, but I doubt 4 times as profitable as trying to buy it on your own

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

Quote from: PolymorphicAssasin on July 05, 2012, 02:32:44 PM

Subbing

https://bitcointalksearch.org/topic/m.993068

There is no need to Sub.

PolymorphicAssasin

newbie

Activity: 46

Merit: 0

Subbing

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: ErebusBat on July 03, 2012, 01:19:28 PM

YAY!!! Any news on the shipments / dividends?

No new news yet. I'm expecting the first few BFL Singles to arrive sometime this month. I also expect dividends to begin being paid sometime in the next 2-3 weeks.

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

YAY!!! Any news on the shipments / dividends?

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

The NASTY contract has been updated to reflect the new 20MH/s per share terms.

ianspain

donator

Activity: 164

Merit: 100

fantastic

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