📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 208.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Sukrim on June 15, 2012, 04:29:21 AM

Quote from: OgNasty on June 15, 2012, 12:25:22 AM

Quote from: Lumpy on June 14, 2012, 09:20:12 PM

OgNasty, will you be verifying more than just email on GLBSE?

I wasn't planning on it. I think I've traded with enough members on the forum to have earned the reputation of a verified non-scammer. If it was detering investment, I would look into it.

Is that mail address at least one from your provider or similar with your real name on it or something like "ognasty @ mail.ru"?

It is my gmail account, which is linked to my mobile phone. More importantly, many members of this forum and seatowners of this organization know my identity and home address.

Sukrim

legendary

Activity: 2618

Merit: 1006

Quote from: OgNasty on June 15, 2012, 12:25:22 AM

Quote from: Lumpy on June 14, 2012, 09:20:12 PM

OgNasty, will you be verifying more than just email on GLBSE?

I wasn't planning on it. I think I've traded with enough members on the forum to have earned the reputation of a verified non-scammer. If it was detering investment, I would look into it.

Is that mail address at least one from your provider or similar with your real name on it or something like "ognasty @ mail.ru"?

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Lumpy on June 14, 2012, 09:20:12 PM

OgNasty, will you be verifying more than just email on GLBSE?

I wasn't planning on it. I think I've traded with enough members on the forum to have earned the reputation of a verified non-scammer. If it was deterring investment, I would look into it.

Lumpy

full member

Activity: 237

Merit: 100

OgNasty, will you be verifying more than just email on GLBSE?

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: miscreanity on June 14, 2012, 07:11:01 PM

Will this be an exclusively BFL operation, or is a heterogeneous environment including the likes of Lancelot in the cards?

Lancelot hasn't been invited to the party, but we'll dance with whoever has the best music.

miscreanity

legendary

Activity: 1316

Merit: 1005

Will this be an exclusively BFL operation, or is a heterogeneous environment including the likes of Lancelot in the cards?

Timbo925

sr. member

Activity: 352

Merit: 250

Added 88 shares and now owner of 100 NASTY shares Grin

I have a feeling this will be the best kind of bond to have. 'Owning' the hardware and GPUMax seems like a dubble win.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

IPO UPDATE:
1,080 seats have been sold so far after 48 hours of trading. That leaves roughly 2,260 more seats to be sold in order for seatowners to own all of the equipment that has already been purchased for this operation.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Gladamas on June 13, 2012, 07:38:25 PM

On another note, OgNasty, if you could set up an automatic system to pay dividends daily or every three days or something, that would be great, otherwise weekly is fine.

Lots of options are being considered to prepare us for the turbulent ride ahead in this market and enable us to pay out Bitcoin distributions in a reliable fashion.

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

Quote from: ?? on ??

Quote from: Gladamas on June 13, 2012, 07:38:25 PM

Quote from: ?? on ??

An issue which takes care of it's investor's money will be very popular.

Could you elaborate on this?

Let's say you see a mining share that represents 1 mhash/share and is valued at 0.25. Maybe you buy it, maybe you don't. Let's say the company has 1000 shares.

...

When people expand they're supposed to, at some point, be able to do it out of their company's profits. Ultimately a company which must return to the market time and time again and never provides any accretive value for shareholders, is a very poorly run company. The idea of "mining bonds" has to be revisited here. These are not bonds, they're shares with a fixed dividend. A bond is a paper security which represents a loan. Once people begin to wake up and smell the toast burning, I personally feel the current concept of "mining bonds" will disappear in a puff of smoke. You can already see it with the influx of new non-deterministic mining companies which promise to accrete value. That's my take on it. Just my opinion.

Nice insight! tl;dr version: For asset issuers, preserving shareholders' trust is more important than shortsightedly attaining benefits from the arbitrary sale of shares.

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

Interesting, a mining bond with exposure to GPUMax. *Ahem* not to tip off anybody, but the price is at .27 right now for a bond potentially worth ~1.25 Mh/s.

Quote from: ?? on ??

Please consider adding value to shares of your company by increasing the mHash/share over time.

Check out https://glbse.com/asset/view/MOORE. I agree though that you should expand your company in the future and offer more shares or use one of the other solutions presented in this thread.

Quote from: ?? on ??

An issue which takes care of it's investor's money will be very popular.

Could you elaborate on this?

On another note, OgNasty, if you could set up an automatic system to pay dividends daily or every three days or something, that would be great, otherwise weekly is fine.

Carnth

hero member

Activity: 634

Merit: 500

Quote from: OgNasty on June 13, 2012, 05:43:57 PM

Quote from: Carnth on June 13, 2012, 03:50:14 PM

If the hash rate is increased by double, then I say just do a 2 for 1 stock split.

I don't think the GLBSE supports that functionality yet.

This sounds like a job for...
Nefario

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Carnth on June 13, 2012, 03:50:14 PM

If the hash rate is increased by double, then I say just do a 2 for 1 stock split.

I think it is important that only the 25,000 seats exist and they are not diluted over time as with most other offerings.

EDIT: Unless we do something stupid like take on debt and it requires a 1-time dilution of 5,000 seats for us to learn our lesson.

Carnth

hero member

Activity: 634

Merit: 500

Quote from: OgNasty on June 13, 2012, 11:36:25 AM

In this scenario, shareholders would have 2 options. A) The MH/s per share could be increased, or B) 1/2 of the Singles could be traded for ASICs and the other 1/2 could be sold off to provide funds for a special dividend, thereby keeping shares at 1MH/s.

If the hash rate is increased by double, then I say just do a 2 for 1 stock split. Double the number of shares outstanding.
Everyone who owns 10 shares now has 20 shares, etc.
This seems the easiest way to issue additional hash rate while keeping each share at 1MH/s.

Bees Brothers

sr. member

Activity: 457

Merit: 291

Quote from: OgNasty on June 13, 2012, 10:44:19 AM

Initial IPO investors have received a special dividend in the amount of 0.02BTC/share to compensate for the newly lowered offering.

Thanks, bought more shares Grin

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Timbo925 on June 13, 2012, 11:19:02 AM

Thanks

Maybe a interesting question.
We buy basically shares to own small parts of the BFL singles. BFL stated that their will be a trad-in program to go from the singles to the ASIC offering they have.
Does this mean it will be possible for the mining fund to go from the singles to the ASIC's. If for 10BFL's @3200 Mhz/s you get 1 ASIC boards @ 7200 Mhz/s the output of this bond will also dubble (effectively making it a 2 Mhz/s bond).
This would make this bond one of the most future proof mining assets to own imo.

I would not trade the organization's owned equipment for ASICs and pocket the added power. That is one of the many advantages to being an organization and not a mining bond, and the reason why I feel that seats are currently being undervalued. We will grow and over time you will see a seat bought today being worth FAR MORE than 2MH/s in hashing power.

Timbo925

sr. member

Activity: 352

Merit: 250

Quote from: OgNasty on June 13, 2012, 10:44:19 AM

Due to a rise in BTC vs USD price since the planned IPO, I have decreased the offering to 0.27BTC/share.

Initial IPO investors have received a special dividend in the amount of 0.02BTC/share to compensate for the newly lowered offering.

After the 1st day of trading, 212 shares have been sold.

Thanks

Maybe a interesting question.
We buy basically shares to own small parts of the BFL singles. BFL stated that their will be a trad-in program to go from the singles to the ASIC offering they have.
Does this mean it will be possible for the mining fund to go from the singles to the ASIC's. If for 10BFL's @3200 Mhz/s you get 1 ASIC boards @ 7200 Mhz/s the output of this bond will also dubble (effectively making it a 2 Mhz/s bond).
This would make this bond one of the most future proof mining assets to own imo.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Due to a rise in BTC vs USD price since the IPO was priced, I have decreased the offering to 0.27BTC/share.

Initial IPO investors have received a special Bitcoin distribution in the amount of 0.02BTC/share to compensate for the newly lowered offering.

After the 1st day of trading, 212 seats have been sold.

Bees Brothers

sr. member

Activity: 457

Merit: 291

I thought you ran a very tight ship with MergedMining and were very quick to reply to any questions.

I will be buying some shares as I trust you will do just as well, if not better, with NastyMining.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: Timbo925 on June 12, 2012, 08:38:24 AM

Any IPO price idea?

The IPO has been tentatively priced at 0.29BTC/share.

Quote from: Timbo925 on June 12, 2012, 08:38:24 AM

As we own the hardware will it payout more compared to 100% PPS?

Nasty Mining is focused on growing multiple avenues of obtaining Bitcoin and is not a mining bond tied to a specific hashrate. For that reason, I suspect it will payout significantly higher than the PPS of a specified share of the current hashrate.

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 208. (Read 957465 times)