Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 83. (Read 958995 times)

Since we proxy connections to our P2Pool node I decide to add IPv6 support. This is a big feature because it allows IPv6 users to mine with P2Pool.

P2Pool does not support IPv6. Through NastyPool it does: nastyfans.org:9332

We also offer 1g silver rounds. See the OP.

We don't buy bars and we don't mint other people's designs.

We have our own coins minted.  The next batch will be 5oz rounds.

I am waiting to see BTC in a wallet before I put too much thought into it. However, a good use might be to pay down debt and buy a couple hundred ounces of silver for the next batch of physical seat coins.

I am waiting to see BTC in a wallet before I put too much thought into it. However, a good use might be to pay down debt and buy a couple hundred ounces of silver for the next batch of physical seat coins.

so, there will be a surplus? any plans on what will be done with it?

Monarch to begin shipping

While PCB performance specifications have come in above the 600GH we originally projected, we have not yet hit the 1TH/s per PCB mark that we set for ourselves based on the strength of the underlying ASIC chip. We have achieved much higher speeds on test boards, but in order to be able to ship now we have stabilized the board at 700GH/s with power efficiency of 0.70 W/GH (+/- 10%). While we will continue to pursue the 1TH version of the Monarch for subsequent delivery, we want to get the best product we can out to you now. Shipping of Monarchs will begin next week.

Here is an image of the Monarch ready for shipment to customers right now.
(Please note the form factor with water cooling instead of air cooling)



As a reward for customers' patience and loyalty, we are adjusting the price of the 700 GH/s boards to $1,379 (ONLY $1.97/GH) and will be providing rebates/refunds for the difference. (Does not include cloud mining or Mining by the GH)

For those interested in running cards in power efficiency mode, here is a chart of power consumption at different speeds (@220V):

GH   Total W   W/GH
550   339   0.62
600   368   0.61
650   432   0.66
700   471   0.70
730   530   0.73
780   609   0.78
Specific details about updates to customer orders will be emailed and posted to each customers’ dashboards as boards are ready to be shipped.

While nonnakip could give you a more official answer, I believe it is due to NastyFans not wanting to hold your funds.  You'll notice that you cannot deposit any BTC anywhere on the site, so there would be no BTC backing any placed bids.

When asked about it back in March, this is the answer I gave to cryptocoinsnews.com:

Any one know why a standing bid can not be placed below the market  for nasty seats?

I think we’re probably the first Bitcoin exchange that doesn’t want to touch your bitcoins and charges no fees of any kind. We don’t allow users to deposit bitcoins, and try to handle them as little as possible. For this reason, we don’t have buy orders on our exchange. We only allow sell orders, and when you want to buy, you send BTC to an address specified for that transfer and those coins are bundled up to save on transaction fees, then sent to the seller. It is a limited trust system that not only keeps our users assured that we aren’t trying to amass their bitcoins for a long con, but it also reduces the regulator risk as we can in no way be confused as a bank, and makes us an unappealing target to thieves.

For those of you who are donating hash power, I recommend setting up our BitMinter account as a backup.  Here are the details:

server: stratum+tcp://mint.bitminter.com:3333
username: OgNasty_1

I'm confident BFL will ship a product, or provide meaningful compensation, or both.  They are already providing us with cloudmining.  Compared to Black Arrow, Butterfly Labs is the bees knees.  I will reserve judgement until I get the product I paid for and can evaluate it.  Any other response would be motivated by fear.