Monarch Update:We've had 2 more Monarchs die on us. I've put in RMA requests with BFL. I'm not sure why our Monarchs are suddenly dropping like flies, especially with the cooler temperatures. Hopefully BFL starts honoring RMA requests soon... Here are some pics I snapped of our failed Monarchs, including 1 that is on the way out (red background).
New Miners:Some good news, our SP20 & S5 will be arriving next week.
Donations to NastyPool Update:I've decided to redirect distributions from the 250 seats I had going to NastyPool. Instead of continuing to save funds for a future lottery, these distributions will now be donated to the NastyPoP address to provide additional BTC for NastyPoP miners.
NastyMining Fan Operator Plan Upgrade:In an effort to continue trying to decentralize our mining operation and keep community members involved in the spirit of NastyMining, I've decided to offer current operators an upgrade opportunity as their previous plan ends and they take possession of their equipment. As an upgrade of sorts, current operators have the option of paying for shipping to have one of our Monarchs sent to them. They will have to provide a PSU, and will be taking responsibility for keeping the units running for 1 year. In exchange, they have the option of using a --balance option with their miner in order to split mined coins 50/50 between themselves/NastyMining. They will be required to mine on NastyPool for both themselves and NastyMining. I realize that this will have a negative effect on donations for NastyFans but feel it is in our best interests long term.
Moving Forward:It has been a difficult year for sure that had disastrous effects on the valuation of NastyFans seats and led to a major shortcoming in mining expansion. However, great progress was made on NastyPool and our 5oz coins. There are also ambitious lottery plans and I'd still love to move into the automated escrow business. While all of these things take time and community support, I think we will eventually get to where we need to be. With the potential expansion of our Fan Operator Plan opening up capacity, it puts us in a great position to add more efficient equipment in the future. We currently still owe 1.5 BTC for the 17 ASICMINER shares (awaiting transfer confirmation), which doesn't give us much in the way of funds to purchase equipment but I am hoping that sales from our 5oz coins will solve this problem in the near term for us, with alternate services helping fill the gap in the future. I'm awaiting 11 more pre-orders for the 5oz coins, and have assurances from 2 people that orders will be placed soon. That still leaves us with 9 pre-orders keeping us from having these coins ready for regular sale. Please consider pre-ordering if you are able.
Live Year End NastyChat:I would love it if we could see our best participation ever for our first Live Year End NastyChat. I would love to answer questions and hear community feedback on how this project could be improved. I am thinking a good time would be January 5th @ 1:00pm PST, but am open to changing that in order to accommodate members who wish to attend.
