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Title: Looking for a 3 BTC loan Post by: Zack on September 16, 2012, 12:01:53 AM Currently looking for a loan of 15 BTC, to pre-order a third jalapeno from BFL. I will return a total of 17-18 BTC, on December 1st. I understand most of you are thinking BFL isn't accurate with their shipping times, however when I receive the machine has nothing to do with you getting your return.
EDIT 9/17/12: Received 12 BTC from a close friend, only 3 needed now. Title: Re: Looking for a 15 BTC loan Post by: solareclipse64236 on September 16, 2012, 12:06:57 AM LMAO ME TOO, what a coincidence or are you just biting my story?
Title: Re: Looking for a 15 BTC loan Post by: legolouman on September 16, 2012, 12:15:49 AM Currently looking for a loan of 15 BTC, to pre-order a third jalapeno from BFL. I will return a total of 17-18 BTC, however I can't give an exact date. Why is this? because I can't give an exact date of when I will receive the machines from BFL. Even though they say pre-orders will begin shipping from late October-Early November I'm almost sure that date will be pushed back. If I receive the machines mid November, I will give a return of 17 BTC December 15th, 2012. If I receive the machine mid december, I will return 18 BTC on January 15th 2013. I don't mean to look like the bad guy, but your calculations and math are under the assumption that:
Title: Re: Looking for a 15 BTC loan Post by: solareclipse64236 on September 16, 2012, 12:18:33 AM wtf? YOUR MATH is off
Even if the block did halve or the difficulty goes up he would still be able to repay such a small loan lmao 3 jalapenos = 10.5 gigahash, under today's circumstances that is like $15k a year or $40 a day. After block halves it will be $7-8k a year or $20 a day. Even if the difficulty+block halving reduces his earnings to $1k per year then he would still be able to pay back. What is your logic like? Title: Re: Looking for a 15 BTC loan Post by: Zack on September 16, 2012, 12:22:56 AM Currently looking for a loan of 15 BTC, to pre-order a third jalapeno from BFL. I will return a total of 17-18 BTC, however I can't give an exact date. Why is this? because I can't give an exact date of when I will receive the machines from BFL. Even though they say pre-orders will begin shipping from late October-Early November I'm almost sure that date will be pushed back. If I receive the machines mid November, I will give a return of 17 BTC December 15th, 2012. If I receive the machine mid december, I will return 18 BTC on January 15th 2013. I don't mean to look like the bad guy, but your calculations and math are under the assumption that:
I'm sorry - I suppose I should have specified in my OP that the return on the loan won't have anything to do with how much I make with the machines, it's simply a loan to to get me an extra one to start. If I make enough with the machines then sure, I can return with those BTC's, however the loan will be returned at a minimum of 17 BTC regardless of how much I actually earn from mining with them. Title: Re: Looking for a 15 BTC loan Post by: legolouman on September 16, 2012, 12:24:49 AM wtf? YOUR MATH is off Even if the block did halve or the difficulty goes up he would still be able to repay such a small loan lmao 3 jalapenos = 10.5 gigahash, under today's circumstances that is like $15k a year or $40 a day. After block halves it will be $7-8k a year or $20 a day. Even if the difficulty+block halving reduces his earnings to $1k per year then he would still be able to pay back. What is your logic like? Currently, 3.5 Ghash is 13.07BTC a day. Let's assume the difficulty jumps, say 10 times. 26940479.5296 * 10 = 26940479.5296 His daily mining reward on that will be 1.31BTC daily. Now, let's half that. 1.31 / 2 = .655BTC daily. 18 / .655 = ~28 days He will default on his loan if these situations occur, and my math is correct. EDIT: I'm sorry - I suppose I should have specified in my OP that the return on the loan won't have anything to do with how much I make with the machines, it's simply a loan to to get me an extra one to start. If I make enough with the machines then sure, I can return with those BTC's, however the loan will be returned at a minimum of 17 BTC regardless of how much I actually earn from mining with them. Ohhh, I'm sorry. I assumed (With the newbie-ish title, and the content of the OP) that you will be paying back with the Jalepeno. Sorry. Title: Re: Looking for a 15 BTC loan Post by: solareclipse64236 on September 16, 2012, 12:33:08 AM LMFAO what are you talking about?
This is the most accurate calculator I've found: https://bitclockers.com/calc And according to IT, 3.5 gigahash = 1.3 BTC DAILY ALREADY Where the heck are you getting 13 BTC? Title: Re: Looking for a 15 BTC loan Post by: Zack on September 16, 2012, 12:42:05 AM wtf? YOUR MATH is off Even if the block did halve or the difficulty goes up he would still be able to repay such a small loan lmao 3 jalapenos = 10.5 gigahash, under today's circumstances that is like $15k a year or $40 a day. After block halves it will be $7-8k a year or $20 a day. Even if the difficulty+block halving reduces his earnings to $1k per year then he would still be able to pay back. What is your logic like? Currently, 3.5 Ghash is 13.07BTC a day. Let's assume the difficulty jumps, say 10 times. 26940479.5296 * 10 = 26940479.5296 His daily mining reward on that will be 1.31BTC daily. Now, let's half that. 1.31 / 2 = .655BTC daily. 18 / .655 = ~28 days He will default on his loan if these situations occur, and my math is correct. EDIT: I'm sorry - I suppose I should have specified in my OP that the return on the loan won't have anything to do with how much I make with the machines, it's simply a loan to to get me an extra one to start. If I make enough with the machines then sure, I can return with those BTC's, however the loan will be returned at a minimum of 17 BTC regardless of how much I actually earn from mining with them. Ohhh, I'm sorry. I assumed (With the newbie-ish title, and the content of the OP) that you will be paying back with the Jalepeno. Sorry. Not a problem, was my fault, should have mentioned it in my OP. However there is a small error with your math, with those calculations, you assuming I am running one jalapeno, when this would be my third unit. Title: Re: Looking for a 15 BTC loan Post by: solareclipse64236 on September 16, 2012, 12:51:52 AM lmao yessss just one ahahaha
try to use a calculator at some point kids Title: Re: Looking for a 15 BTC loan Post by: 556j on September 16, 2012, 01:10:39 AM The easiest way to guess revenue for these, especially with late orders is to assume a similar dollar per btc/day as today, maybe even worse since so many people think they will get rich off ASIC. So 3x jalapeno is $450 or 75% of one BFL single (fpga). So you can expect to make 0.225 BTC / day before the block reward half or ~ 0.11625 BTC / day after the reward halves for all 3 jalapeno.
Title: Re: Looking for a 15 BTC loan Post by: Zack on September 16, 2012, 02:02:04 AM The easiest way to guess revenue for these, especially with late orders is to assume a similar dollar per btc/day as today, maybe even worse since so many people think they will get rich off ASIC. So 3x jalapeno is $450 or 75% of one BFL single (fpga). So you can expect to make 0.225 BTC / day before the block reward half or ~ 0.11625 BTC / day after the reward halves for all 3 jalapeno. Pretty much the same calculations I came up with. Title: Re: Looking for a 15 BTC loan Post by: Zack on September 16, 2012, 04:01:05 PM Still in need of this, want to order the third as soon as I can so it's not so far behind my others when it comes to shipping.
Title: Re: Looking for a 15 BTC loan Post by: legolouman on September 16, 2012, 04:56:45 PM wtf? YOUR MATH is off Even if the block did halve or the difficulty goes up he would still be able to repay such a small loan lmao 3 jalapenos = 10.5 gigahash, under today's circumstances that is like $15k a year or $40 a day. After block halves it will be $7-8k a year or $20 a day. Even if the difficulty+block halving reduces his earnings to $1k per year then he would still be able to pay back. What is your logic like? Currently, 3.5 Ghash is 13.07BTC a day. Let's assume the difficulty jumps, say 10 times. 26940479.5296 * 10 = 26940479.5296 His daily mining reward on that will be 1.31BTC daily. Now, let's half that. 1.31 / 2 = .655BTC daily. 18 / .655 = ~28 days He will default on his loan if these situations occur, and my math is correct. EDIT: I'm sorry - I suppose I should have specified in my OP that the return on the loan won't have anything to do with how much I make with the machines, it's simply a loan to to get me an extra one to start. If I make enough with the machines then sure, I can return with those BTC's, however the loan will be returned at a minimum of 17 BTC regardless of how much I actually earn from mining with them. Ohhh, I'm sorry. I assumed (With the newbie-ish title, and the content of the OP) that you will be paying back with the Jalepeno. Sorry. Not a problem, was my fault, should have mentioned it in my OP. However there is a small error with your math, with those calculations, you assuming I am running one jalapeno, when this would be my third unit. Oh, I missed that. I'm going to go cry in a corner now that I look like an imbecile. Title: Re: Looking for a 15 BTC loan Post by: Zack on September 17, 2012, 05:32:50 AM Still needed. Would have no problem offering up collateral/Photo ID.
Title: Re: Looking for a 15 BTC loan Post by: nave on September 17, 2012, 01:44:34 PM If you're not using the hardware to pay off the loan, then why would I have to wait until you have the hardware for the loan to be paid back?
Also what if you don't get your unit until April 2013 or later? Title: Re: Looking for a 15 BTC loan Post by: Zack on September 17, 2012, 02:50:40 PM If you're not using the hardware to pay off the loan, then why would I have to wait until you have the hardware for the loan to be paid back? Also what if you don't get your unit until April 2013 or later? Edited my OP which should answer both of those questions. EDIT: Only 3 BTC needed now. Title: Re: Looking for a 3 BTC loan Post by: AForceNinja on September 17, 2012, 11:31:53 PM Lent 3 BTC to Zack, address: 1AaMmDNAt9vvU7dRPKZy7rFuWqM9X4FjGX
tx id: e7344a07cd2fc6fb406a61c3f53c43f71fd3f4a75b2d9c2674c29fcd014b6398 Will pay back 4BTC to address: 1L1kzpaFWEGr9BLAfNnzykLS7evLPZc3bf Loan will be repayed on or before 01 Nov 2012 Title: Re: Looking for a 3 BTC loan Post by: Zack on September 18, 2012, 03:36:09 AM Lent 3 BTC to Zack, address: 1AaMmDNAt9vvU7dRPKZy7rFuWqM9X4FjGX tx id: e7344a07cd2fc6fb406a61c3f53c43f71fd3f4a75b2d9c2674c29fcd014b6398 Will pay back 4BTC to address: 1L1kzpaFWEGr9BLAfNnzykLS7evLPZc3bf Loan will be repayed on or before 01 Nov 2012 Confirmed. Title: Re: Looking for a 3 BTC loan Post by: AForceNinja on October 25, 2012, 03:19:48 AM No Payment or Contact since.... :(
Title: Re: Looking for a 3 BTC loan Post by: Vod on October 25, 2012, 03:50:59 AM $50 is a lot of money to some people. They are willing to put in the time. :(
At the same time he scammed you he got another forum user for 3btc as well. https://bitcointalk.org/index.php?topic=103840 Title: Re: Looking for a 3 BTC loan Post by: Tomatocage on October 25, 2012, 04:18:48 AM Forget mining with a Lolapeno to pay off a loan. It's FAR easier to just register a bullshit account and scam the BTC to pay it off.
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