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Title: Best way to get a loan on BTCJam Post by: dstriker on February 20, 2013, 04:34:37 PM I've been toying with the idea of getting a loan to upgrade 1 or more of my jalapeņos. I have two Singles on order already.
What's a reasonable rate for a loan. Let me guess lenders will say 50% and borrowers will say 2%. Is there something realistic? Title: Re: Best way to get a loan on BTCJam Post by: BurtW on February 20, 2013, 05:20:39 PM Just check out the rates that people are offering for the same loan. There are several loans related to purchasing ASIC mining gear. You can use them as a guide.
Title: Re: Best way to get a loan on BTCJam Post by: mjc on February 20, 2013, 09:15:35 PM I offered profit sharing for large investors. 15 BTC got them 3% of one of my singles per month, until my loan was paid off. I filled in a couple of days.
Title: Re: Best way to get a loan on BTCJam Post by: wholesaler on February 21, 2013, 05:00:19 PM I'm an avid lender there 6.5%-10% is the best and you'll get funded a lot quicker.
And how long is the loan for ? Title: Re: Best way to get a loan on BTCJam Post by: Korbman on February 21, 2013, 08:45:33 PM Honestly, I don't care about the APR as much (though between 5-10% would be ideal for such a loan).
The only points that matter to me are (in order of importance): a) Reputation and payback history b) Length of the loan c) Loan amount desired d) Contingency plan should more ASIC delays occur e) APR Title: Re: Best way to get a loan on BTCJam Post by: dstriker on February 21, 2013, 10:35:01 PM Thanks for the feedback. I'm still not sure if I want to do this or not. If I do I'll probably stick to funding an upgrade of two the four jalapeņos I have on order now, since I can afford to pay that back with no problems if there are delays. I do have two early Singles orders, I thought about waiting until I can start mining with them. then I would likely be even further back on the list.
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