I'd log into your account if I were you and see why that is.  Perhaps you don't have a donation address set or your seats are on probation from not logging in...  Weekly donation distributions have most certainly been happening.

Can the bills be paid at 75%?  This debt could really get out of hand depending on what happens with price and difficulty over the mid term. We are already hedged fully on a lower BTC value by having mining equipment and pre orders. I am not too concerned about theoretical share value in the short term. Hell, might be a good time to buy for many of us.  Glad to see there are other nastyfans who are thinking long term here and really believe in this endeavour and the people behind it. I'll be getting a nice big miner up soon and pointing it for the pool.

That's my vote then. 75%

I'd point out that the amount of debt may seem large but it is only 0.0114 BTC per seat (using nominal 25,000 seats). At current seat prices this is a very reasonable debt to equity ratio. As I said before, mining is a competitive low margin business and if you are good at it some leverage is appropriate and useful.

I voted against the change but going to 50% would be okay.

I think the biggest reason the share price is dropping is concern over the delivery dates for the next gen ASICs, especially BFL.

I spend a lot time tracking down fans that go on probation. It is difficult because some have no email and only availability is through bitcointalk.org. And some do not respond easy. Until now I am keeping success but it is much work for me.

Right now we have almost 1 BTC in probation account and 376 seats on probation. This is forming a big issue.

I understand some fans do not want to sign in often. Even my account was on probation once! I could save me work and just let accounts suspend/terminate. But I think that causes backlash and speaks against the spirit of the policy.

I consider a new poll to change policy so that probation/suspension/termination is not based only on sign in but is also based on spending BTC from the donation address. That means a fan can either sign in or spend some BTC from donation address and account automatically returns to normal status. I think that would help many cases. But not all maybe.

As alternative we can consider eliminating probation/suspension/termination policy rules. I originally create them to encourage participation and protect against donating to addresses with lost private keys. But maybe that is not important.

Voted 100%.. Lets get it paid off ASAP!

I think 50% is reasonable, but 75% would be better at the moment. Yes, the hardware delivery concern is an issue, but observe how the difficulty rise is slowing. There will certainly be another bump as new hardware comes online, and efficiency will be the determining factor in which operations will remain profitable and which will fail. As the larger leaps in capability decrease, having a sizable reserve will allow for latest-generation equipment acquisition. The only suggestion is that from now on there should be no more pre-orders.

Both Og and nonnakip have demonstrated dependability, long-term focus, and a community-oriented perspective. We still have a long way to go until transaction fees comprise the bulk of mining returns (the soonest I'm estimating is in the late 2020s), and any operation to last that long will be able to persist as a foundation of the system. With debt cleared, it will show reliable repayment and reputation; lenders will be more likely to re-issue loans, allowing for more rapid growth. Consider Amazon, which put virtually all profits back into the company during growth - it might be wise to keep the rate between 50-75% for the foreseeable future.

Is a mail being sent out automatically when you are about to go on probation? If it isn't, that's a change I'd welcome

I participate in this thread, but I don't login to the site that often, since all activity is here. I only login when I want to buy a seat

If there would be a mail warning me, I'd probably login again to keep my seats alive

(If there is such a mail, forgot everything I typed)

You may not have realized this, but "email address" is never asked when you signed up on Nasty Fans.

Voted my seats for 75%, and here's why - while paying off debt is a priority, I think it also speaks to long term viability of this operation, it's certainly ideal to get bigger payments now, but if we're reinvesting more over the long term it should help us in growing our operation and get us longer term sustainable profits.  I think going with loans right now was exactly what was needed to position us for the next generation of ASICs, but putting ourselves in a position to not need loans (but still have it as a funding option) for the next generation should help all seat holders in the longer term.