Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 207. (Read 959607 times)
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, 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.
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
OgNasty, are you paying any dividends before the ASIC units arrive?
He said so here: https://bitcointalksearch.org/topic/m.1006477
OgNasty, are you paying any dividends before the ASIC units arrive?
Disclaimer: I might pick up some shares in this mining outfit when if the price drops below 0.30 btc 
You and me both.
Missed that. Thanks.
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 !!!
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
Good luck !!!!
Disclaimer: I might pick up some shares in this mining outfit when the price drops below 0.30 btc
Seems like people are overpaying a lot just to be the first to mine with an ASIC
Perhaps they know something you don't.
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 = $0.665 per share or a share price of 0.10 BTC
Seems like people are overpaying a lot just to be the first to mine with an ASIC, now I know it is going to be profitable in the beginning, but I doubt 4 times as profitable as trying to buy it on your own
Subbing
YAY!!! Any news on the shipments / dividends?
No new news yet. I'm expecting the first few BFL Singles to arrive sometime this month. I also expect dividends to begin being paid sometime in the next 2-3 weeks.
YAY!!! Any news on the shipments / dividends?
The NASTY contract has been updated to reflect the new 20MH/s per share terms.
fantastic
UPDATE:
A Motion has been raised to update the terms of our contract to reflect the higher output of our newly ordered ASIC mining equipment. Please vote.
https://glbse.com/vote/view/78
A Motion has been raised to update the terms of our contract to reflect the higher output of our newly ordered ASIC mining equipment. Please vote.
https://glbse.com/vote/view/78
This Motion passed with over 97% of the outstanding shares voting 'Yea' to update the contract to reflect the new ASIC upgrade.
I've requested this update with GLBSE support and we should see it reflected in the contract soon.
Finally got some shares purchased 
Can't wait.
Can't wait.
240,000 Mh/s divided by 25,000 shares comes out to 9.6 Mh per share. I'm not clear on how 20 Mh/share is being arrived at. Is share issuance being limited to 12,000 until additional hardware acquisitions are made?
Yes. So far just over 2,500 shares have been sold and enough hashing power has been ordered for 12,000 shares. I will continue to use my own funds to make sure that equipment has been ordered to supply the hashing power for shares prior to them being sold.Also the normal singles are still on the way so we will get dividends once they arrive?
Yes. Once the singles are hashing away, dividends will begin being paid.634$ 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.
It is possible that shareholders will end up with slightly over 20MH/s per share once all is said and done. The only thing you are leaving out of your math is the return shipping to trade in our singles. 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.
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.
Jump to: