Bitcoin Forum

Hi lenders,

I realise I am new here, but Could I possibly get a 0.01btc loan?

The reason is to renew my Express VPN service (since I live in China, a VPN is a must!)

I can offer my minergate.com cloudmining contract as collateral. I will repay the loan within 24 hours + 10% is that fair?

Here is a snapshot of my current cloud mining progress..

https://ibb.co/f5e9hk

Thanks

Youret on the wrong forum offering a cloud mining contract as collateral for a loan.  Either offer some altcoins worth 120% of the loan or get lost.   Noobs definitely have to give that much.

Ahhhh I see, thanks for the advice...

Unfortunately I don't hold any altcoins. Besides, if I did, I would likely convert them to btc and then wouldn't be asking for a loan.

Sorry to ask this noob question, but may I ask what is wrong with offering full control of a cloud mining contract as collateral?

Thanks

Nothing wrong with it but I guess it won't be considered a valid collateral. Before asking for a loan it is always good to consult the main thread regarding collateral. Read it

https://bitcointalk.org/index.php?topic=577765.0

Ok, I think I understand..

Thanks for your patience, and understanding when a noob like myself gets it wrong.

I appreciate your advice

Well even the story is genuine, no one will give you a loan here not just for the rank but for the collateral unless there is generous since the return is fair.

Why not used first your PRECIOUS THING (https://bitcointalk.org/index.php?topic=1993208.msg19847211#msg19847211) before selling it? BTC0.01 is just a small amount as a bitcoin quantity and it's quite easy to achieved so you don't need to get a loan here.

If you understand then you may locked the thread now.

Im 24hours away from payday...

Asking for a loan is just being impatient.. forget I asked

Its no big deal