Yes, we are mining on nicehash with a couple Radeon VIIs.  They did pay us all the lost funds from the "hack" and I haven't found a better alternative to date.  I wanted to stack altcoins instead of mining on nicehash, but when a poll was proposed the fans decided to keep the operation BTC only.  

Payments on hold means that they are waiting to reach the payout threshold before being sent to your coins’ addresses so they don’t build up dust.

I find it hard to believe that any keys are “no good” and would need to see evidence to believe that claim, especially from a brand new account.

Given that there's a decent amount in our fund for now, with no plans at the moment for spending it, I'd like to proose we set aside ~ $15k USD for the purchase of minted seats and we would raffle them off to seat holders (more seats = more chances). I would see this as something that doesn't hurt our fund, and it is a way of giving back to seat holders and may also draw some attention to the group. My thinking here too is that with the recent upturn in value of Bitcoin and hitting our 8th year, it's something that I think most seat holders would appreciate as a nice memento.

This person PMed me several times for help, but ignored/deflected all requests for any kind of proof of his statements.  :/

I like this idea and think it could be fun.  I've put some thought into it and I have a couple ideas I think could help make it fair.

We have done a similar giveaway in the past with online seats, so I think nonnakip could handle it in a transparent and fair way.

Online seats would be no problem to see who won, and maybe nonnakip could put up some sort of notification when users log in that they've won and ask them where they'd like their coin shipped.  The problem here would be users not claiming their free coins within a set period of time, and if this happened I think we could auction the coin on bitcointalk and donate the proceeds to NastyFans.

Minted seats would provide another challenge as like you said, it would be impossible to prove ownership of the coin without peeling it, and we don't want to require that.  The best way I know how to combat this problem would be for all minted seats to join together for this contest and any minted seat that wins a free coin will have the coin auctioned off on bitcointalk and proceeds from the coin would be split by minted seats only (I think the 1000 seat platinum coins should be excluded from this and counted as online seats in an effort to cut down on the number of coins we would need to auction since all of their owners are known to me).

If people think this is a good solution and nonnakip is willing to do the work involved for him, then I would like to (as I have just hit 10,000 posts) formally offer for NastyMining to purchase $10,000 worth of Minted Seats for the giveaway.  I think a poll should be put up for fans to vote if this is a good use of our savings and if approved we could announce the giveaway!

I'm very excited at the possibility of being able to do such a big giveaway and curious how fans will vote.  Let me know if there's anything more I can do to help the process.

Thanks for thinking of minted seat owners; love the idea of minted winners getting proceeds split by minted seats only.

We have terminated seats we could use for the giveaways (if people wanted) so purchasing more for this purpose wouldn't be necessary.



Minted Seats are seats linked to a coin.  When purchasing one a majority of the costs are for the silver content, minting, engraving, address generation, holograms, assembly, design, and shipping.  None of those costs are necessary for online seats, so they are obviously much cheaper and will receive the same share of distributions making them far more likely to have a greater return than their minted counterparts.

If the seats aren't selling at auction, I would say they are priced too high.  The problem here in my opinion is that those who believe in the organization think that seats will be worth far more one day, and those who don't believe think they are worthless.  This is a major gap between buyers and sellers that can only be bridged with time.  We are quickly approaching our 10 years of successful operation date, and at some point I would think all those screaming scam and Ponzi will eventually realize that they are wasting their time attacking an honest organization they should be supporting, while those who believe will continue being rewarded for doing so. 

A buyback doesn't make sense to me at this time.  We want to grow the organization, not shrink it.  A buyback would immediately reduce the member count, and funnel our savings to those who want to abandon the organization instead of help it thrive.  Not what I want to achieve in either case.  A far more likely scenario would be sending our savings to nastyfans to be distributed to all seats, which may occur at some point if our savings continues to grow as it is already beyond what I'd be willing to manage as far as a mining operation. 

Edit: Somebody bought a bunch of seats. I think people were just asking too much before. Looks like at the prices you mention seats will sell pretty quickly.