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Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 210. (Read 958946 times)

donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 634
Merit: 500
 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.
sr. member
Activity: 457
Merit: 291

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
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Thanks Smiley

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.
sr. member
Activity: 352
Merit: 250
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 Smiley

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. 
donator
Activity: 4760
Merit: 4323
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.
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.

 
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Any IPO price idea?

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

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.
sr. member
Activity: 352
Merit: 250
Subbing. Got 2 questions?

Any IPO price idea and as we own the hardware will it payout more compared to 100% PPS.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
When do you expect to have the BFL's to start paying a dividend?

The first Bitcoin distribution will be made on July 21st, 2012.
hero member
Activity: 866
Merit: 1001
When do you expect to have the BFL's to start paying a dividend?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
What hardware are you using?

The hardware purchased for this organization is made up of ASICs from the following manufacturers:
Spondoolies
Bitmain
Butterfly Labs
CoinTerra
Black Arrow
Alpha Technology
newbie
Activity: 52
Merit: 0
What hardware are you using?
hero member
Activity: 518
Merit: 500
sub

this is amazing btw good job !
hero member
Activity: 602
Merit: 502
good will look more into it and decide
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
NEWS STREAM:
06/10/12: NastyMining Announced!
06/23/12: NastyMining's First ASIC Order Placed.
07/19/12: NastyMining's First FPGA Begins Hashing.
07/27/12: NastyMining Distributes First BTC Donation.
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PRESS COVERAGE:
https://bitsonline.com/future-bitcoin-green-lightning/
https://www.fastcompany.com/40503695/what-can-we-do-about-bitcoins-enormous-energy-consumption
https://cryptoinsider.21mil.com/lets-talk-about-bitcoins-energy-consumption/
https://thenextweb.com/cryptocurrency/2017/10/12/crypto-mining-renewable-energy-solution-blockchains-carbon-footprint/
https://cryptoinsider.21mil.com/sustainable-bitcoin-mining-interview-ognasty/
http://object2212.com/?p=1505
https://news.bitcoin.com/renewable-solar-power-mining-operations/
https://bitsonline.com/bitcoin-mining-green-og-nasty-solar/
http://virtualmining.com/the-nasty-business-of-mining/
https://www.cryptocoinsnews.com/nasty-mining-nastyfans-coin-different-way-mine-man-behind/


PHYSICAL SEAT ENGRAVING VIDEO:



NASTYFANS PROMOTIONAL VIDEO:

(click to watch the entire video)


MINTED SEATS BANNER:
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
NASTYFANS INTRODUCTION:
NastyFans is a Fan Club for Bitcoin Enthusiasts established in 2012 to show how a fun & transparent community project can be built with Bitcoin.  Using the auction at nastyfans.org to trade for a seat entitles you to a vote in club polls and a portion of NastyFans Bitcoin donation distributions.


www.NastyFans.org

Members: Seat Owner List | Historic Member Count
Trades: Historic Trade List
Developer Feeds: Nasty.JSON | Mint.JSON
Donation Distributions: Historic Distribution List

SEATS ACCEPTING DONATIONS:


9 WEEK PRICE/VOLUME CHART:


LAST SEAT TRADE:


DONATIONS RECEIVED:


BITCOINS DISTRIBUTED:


ANNUAL DISTRIBUTION YIELD*:


PRICE/DISTRIBUTION RATIO*:


MARKET CAP:


DONATION ADDRESS:
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX

*Calculated using last 9-weeks of donation distributions


NASTYSHOP: YOUR ONE STOP SHOP FOR NASTY RELATED PRODUCTS



FAN CREATIONS
Minted Seat Analyzer by naypalm
NastyFans Open Source Software Suite by nonnakip
Historic Bitcoin Exchange Rates by nonnakip


FREQUENTLY ASKED QUESTIONS:

HOW CAN I JOIN NASTYFANS?
Bitcointalk user nonnakip has started a website for NastyFans where members can trade seats using an auction.

CAN I HELP SPREAD THE WORD?
Sure.  Check out the signature campaign thread.

WHERE DO DONATIONS COME FROM?
Members are encouraged to develop new innovative use cases for Bitcoin and support each other's efforts as well as give back to NastyFans in the form of donations.  The NastyMining Green Energy Project is one such development that donates all of it's hashrate to mining on behalf of the NastyFans Donation Address.  The NastyShop is another example where a portion of trades for goods is donated to NastyFans.  You can view the history of all donation distributions here: Historic Distribution List.
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