Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 6. (Read 959381 times)

Pretty amazing to see Compass mining offering 840TH/s hosting bundles at a price we could afford.  When I discovered Bitcoin the entire network was less than 10TH/s.  It's hard to really fathom the growth...  If people want me to massively expand the mining operation, this would be a likely way forward.  It would bring somewhat of an end to the "free electricity" claim that NastyMining was built on, but I also agreed to provide 25GH/s in hashrate of which I'm currently providing more than 1000x that and a move like this would bring us to more than 30,000x that.  Perhaps something to be debated quickly, as December every 4 years has historically been a great time to purchase mining equipment.

https://support.compassmining.io/hc/en-us/articles/4410887005457


There is also the recent news of the "Volcano Bond" that has been going around.  These bonds will be tokenized on the Liquid network and offered for trading on Bitfinex.  I am not sure how people feel about this opportunity.  We as an organization have never supported additional layers on the Bitcoin network or ran a Lightning node, but this is the direction Bitcoin development is heading and if we are to continue supporting Bitcoin only then perhaps we should consider an investment like this to do our part to support Bitcoin's ongoing development.  My original goal in getting involved with Bitcoin was to change the world and although this isn't the way I would've like to see things go, I think supporting this bond offering is the best opportunity we have right now to help Bitcoin change the world.

https://www.reuters.com/markets/rates-bonds/el-salvador-plans-first-bitcoin-city-backed-by-bitcoin-bonds-2021-11-21/


I'm still trying to get all the winners from the 100 coin giveaway their coins, so hopefully once that is taken care of we can move on to the next thing, which I think should be one of the above or both opportunities.  Would love to hear feedback.

Also, I'm not sure how much longer I'm going to be shipping outside the US, particularly to Europe due to their recently implemented VAT tax registration rules, so take advantage if you've been on the fence about buying something from the NastyShop and you're overseas while you still have the opportunity to do so.

You're welcome and thanks for the prompt response, I think it is important that everyone Login in at the Nasty fan web, at least weekly as you suggested, that way any problem is easier to find.

Much of distribution is automated. Not all. On every Friday I must review distribution and then allow action. Last week I am very busy and did not find time for this. Now you see yesterday was distribution.

I like that fans are still notice details! Thank you for posting.

Does anyone know what happened because this past week nothing was received from the seats ..?

For anyone who remembers the Mining Pools book photoshoot that was done, or the bitpics that used some of those images, you might be excited to know that all the images have been minted as NFTs on the Ethereum blockchain.  They are available for purchase on opensea.io but more importantly that makes them now available to be viewed for free by anyone who is interested in seeing the images which feature our Minted Seats coins.  If you currently own a bitpic, please reach out to me.

Blockchain Treasure NFTs:
https://opensea.io/collection/blockchain-treasure

For some reason OgNasty is too shy to post his newest fantasy ROI calculation here, so I'm gonna help him out. You will all be very happy to learn that your NastFans investments appreciated > 1000-fold.

It’s a community organization. Nothing will happen unless people make it happen… As for my part, I recently purchased over $10K worth of Minted Seats to give away, am running an ASIC miner and a GPU miner for the club, and will continue to offer my goods for sale with donations being sent to NastyFans. There is also the buyback offer for those who don’t want to help participate in the growth of NastyFans which acts as a liquidity pairing to the auction. I’ve talked to TheAnalogKid about getting a Lightning node going so we can start to mess around with that, and there’s almost always daily discussion about NFTs, DeFi, & Altcoin opportunities in our Slack group, but fans have historically been against wading into those waters.

If there’s anything I can do to help anyone in relation to NastyFans with getting something going, I’ll always try and do my best so feel free to reach out and if you’d like more regular discussion with other NastyFans then send me your email address and I can invite you to the group.

I would like to know what the future plans are for the organization I see that not much has been said lately.

Reminder that NastyMining is willing to purchase up to 15 BTC of NastyFans seats for 0.0005 BTC per seat. All you need to do is list your seats on the auction at https://nastyfans.org and drop me a PM to let me know once you have done so. I hope this helps ease concerns about the inability to place buy orders on the auction resulting in a perceived lack of liquidity.

Thanks for your reply!
Those sound like reasonable considerations.

It is 4 July and some winners did not claim their prize. I sent email and private message but still no claim.

Now the lottery results and claim form is removed from nastyfans.org. OgNasty will make another auction for unclaimed prizes. All proceeds from the auction are regular donation to nastyfans for following distribution payout.

The OgNasty auction will be:

• 11x 1oz minted seat coins
• 3x 2oz minted seat coins
• 1x 5oz minted seat coin

OgNasty will post here when auction thread is open.

With the difficulty adjusting downward by so much, it will appear that miners will yield more than what they would if some percentage of the miners being taken offline are brought back online. A higher yield means that the miners would appear to be worth more.

If you think much of the miners will be brought back online, it would be a time to sell existing miners. If you think the miners will mostly stay offline, it would be advantageous to keep existing hardware.

I don’t think an excess supply of miners will affect their prices compared to their potential for revenue once the market is cleared of excess supply.

There’s a huge amount of gear going offline and coming online again. Most of the operations are relocating or selling massive amounts of gear to large entities, so I think the opportunity will be limited to miners getting a couple weeks of low difficult rewards.

With BTC prices having dropped nearly 50% so quickly, I’d personally rather be a seller than a buyer of anything priced in USD right now.

I also don’t think we’ve dabbled in used equipment before and with the rate of failure we’ve seen in new equipment, buying used stuff now seems like a risk as you’d likely get the stuff the big companies thought was in too bad of shape to sell to their large partners.

Hi!

OgNasty, how do you see the recent developments around to huge amount of Chinese hashpower quitting and selling their gear?

Do you see this as a buying opportunity for Nastyfans to get some mining equipment?

Cheers!

All payments from minted seat collective auction received.

Proceeds from auction are 0.0214174 BTC. This amount is distributed to 3095 minted seats as part of distribution 446.

Congratulations to minted seat owners!

Thank you OgNasty for managing auction and for giveaway contest!

A reminder to make sure to log in to your nastyfans.org account and claim any coins you may have won. It is extremely important that this happens to avoid having to auction off unclaimed coins. I’d hate to think there are members out there who won’t be receiving their prize because they didn’t claim it. Spread the word to any possible NastyFans you may know to check their account.

The latest auction for coins won by the Minted Seat Collective group is now live and you can bid on those coins here: https://bitcointalksearch.org/topic/ended-nastyfans-minted-seats-for-the-minted-seat-collective-5343798

The auction was started at 1/2 retail price and I’ve bid on them all to make sure they are sold. This auction will benefit Minted Seat owners so if you’ve wanted to expand your collection then this is a great time to do so. Good luck to everyone and as always, thanks for your continued support.

I "harp" on it because it makes no sense and no valid explanation has been provided. All your answers make the assumption that I know/understand how it all works - you never take the time to explain anything. You just tell me it has already been explained and for me to go read back thru a 200 page thread to find the answer.

You say you can verify who owns an online seat but cannot verify who owns a minted seat. If the seat owner registers their seat, then it should be verifiable. What is the difference? Are you using the private keys to track ownership of the online seat owners? Is the only way an online seat can be transferred between owners is thru the nastyfans auction? no other way to sell/transfer?

If so - then I can somewhat see what you are saying but then also say that is easy to resolve.

As for the new owners complaining that the old owners claimed their winnings - wouldn't the new owner have registered their seat? and thus the old owner could not claim anything? If they don't register then they lose anyways. People transfer ownership of things every day. This really would be no different.

To resolve it would indeed require more work - and from what you say you don't want that additional work. Fair enough.

Also - I do many giveaways - so no need to be passive aggressive with your assumption that all other giveaways than yours are "poorly thought out"

Seeing as you wont answer clearly - I wont ask again (in all seriousness, I asked repeatedly because I thought maybe you were slow and could not understand the questions).

You can consider the questions above to be rhetorical (that means they don't need to be answered).

This is because they are traded on the secondary market and this can't be accurately tracked.  You keep harping on this same thing no matter how many times it gets explained to you.  It's a really simple concept.  The way you want to do it would create a ton of problems with people trying to claim coins they don't own, people claiming winning tickets for coins they've previously sold, new owners wondering why the previous owner claimed their winnings, people wanting us to resolve conflicts between multiple parties claiming they all own the same coin, etc...  I'm not messing with any of that.  I would suggest for you to start doing your own giveaways and you can do them any poorly thought out way you want.

Edit: Bold added in the hopes it gets through to you finally.

curious - as the site states that online purchasers can "mint" their seats why are minted seat owners who register on the site not treated the same as online seat owners.

again - I am only talking about the ones that register.