📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 209.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: ciuciu on June 17, 2012, 12:49:04 PM

Hi there,

I find your offer interesting. Can you please clarify the statement "up to around 20MH/s" baked by actual calculations?

Thanks.

The BFL trade-in program isn't official yet, nor has the ASIC statistics been confirmed, so it would be impossible to clarify the statement at this time. Using the numbers from the announcement, I made a general statement about what shareholders can expect once the trade-in is completed, in order to provide a realistic expectation for the future.

ciuciu

donator

Activity: 588

Merit: 500

Hi there,

I find your offer interesting. Can you please clarify the statement "up to around 20MH/s" baked by actual calculations?

Thanks.

cst

member

Activity: 110

Merit: 10

The Cosmos doesn't care about you.

Quote from: OgNasty on June 17, 2012, 11:24:40 AM

Quote from: cst on June 16, 2012, 07:47:08 PM

Getting on board the ASIC train ;)

It appears that this train is "ride or die" for Bitcoin miners.

Nobody can stop the progress, whether we like it or not. Although I think it's gonna be some time before those that don't want to/can't get on 'die'.

EDIT: grammar ;)

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: cst on June 16, 2012, 07:47:08 PM

Getting on board the ASIC train Wink

It appears that this train is "ride or die" for Bitcoin miners.

cst

member

Activity: 110

Merit: 10

The Cosmos doesn't care about you.

Getting on board the ASIC train ;)

Gladamas

sr. member

Activity: 294

Merit: 250

Bitcoin today is what the internet was in 1998.

Quote from: OgNasty on June 16, 2012, 09:49:08 AM

ANNOUNCEMENT:
With the Butterfly Labs ASIC miners coming soon, NastyMining is pleased to announce that we will be participating in the FPGA->ASIC trade-in program once it is made available. This will bring the hashing power per share up to around 20MH/s. Once the trade-in program is completed, the contract for this offering will be updated to reflect the new terms.

Quote from: Butterfly Labs Announces Next Generation ASIC Lineup

Because our first and second generation equipment is expected to be outpaced very quickly by the new hardware, customers who have purchased earlier generation products will be able to trade them in at 100% of their value toward the purchase of SC-generation hardware.

S-w-e-e-t. I just hope this BFL ASIC line doesn't put FPGA/GPU miners completely out. I mean, 1Thash/s for ~~$20,000~~$30,000=~~$20~~$30 per Ghash/s.

Edit: Fixed the numbers there, got that a little messed up.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

ANNOUNCEMENT:
With the Butterfly Labs ASIC miners coming soon, NastyMining is pleased to announce that we will be participating in the FPGA->ASIC trade-in program once it is made available. This will bring the hashing power per seat up to around 20MH/s.

Quote from: Butterfly Labs Announces Next Generation ASIC Lineup

Because our first and second generation equipment is expected to be outpaced very quickly by the new hardware, customers who have purchased earlier generation products will be able to trade them in at 100% of their value toward the purchase of SC-generation hardware.

Timbo925

sr. member

Activity: 352

Merit: 250

Check it out
http://news.yahoo.com/butterfly-labs-announces-next-generation-asic-lineup-054626776.html

Quote

Because our first and second generation equipment is expected to be outpaced very quickly by the new hardware, customers who have purchased earlier generation products will be able to trade them in at 100% of their value toward the purchase of SC-generation hardware.

Sound like this bond got a lot more interesting

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: Sukrim on June 15, 2012, 03:29:21 AM

Quote from: OgNasty on June 14, 2012, 11:25:22 PM

Quote from: Lumpy on June 14, 2012, 08:20:12 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

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Quote from: OgNasty on June 14, 2012, 11:25:22 PM

Quote from: Lumpy on June 14, 2012, 08:20:12 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: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Lumpy on June 14, 2012, 08:20:12 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: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: miscreanity on June 14, 2012, 06:11:01 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

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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

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Leading Crypto Sports Betting & Casino Platform

Quote from: Gladamas on June 13, 2012, 06:38:25 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, 06:38:25 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, 04:43:57 PM

Quote from: Carnth on June 13, 2012, 02:50:14 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

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 209. (Read 958946 times)