Bitcoin Forum

Hey I am looking for a $10,000 usd loan to get a preorder for litecoin mining equipment.

I have a trading history @ #bitcoin-otc

http://bitcoin-otc.com/viewratingdetail.php?nick=c4pt&sign=ANY&type=RECV

the equipment should yield 1100 LTC a month.

I intend to pay back after 1 or 2 months of operation.

the total time of return should be less than 6 months its just a question of shipping time from the time of pre-order.

I intend to buy from KnC miner.

I am looking to receive the loan as either paypal , BoA or bitcoin.


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Collateral, what are you offering?

I have a 50gh BFL miner with PSU as collateral

Is it worth $10k plus? And you're shipping it to the lender to hold for the loan duration?

I really dont have any collateral except the 50gh BFL miner with PSU

the 50gh BFL miner is in operation so I cant really ship it to the lender to hold.

Ok, so why would I risk $10k giving it to you when I could buy my own miners and keep all the profit?

sounds like a bad a idea for everyone involved

I can offer collateral

if for some reason the mining plan didnt work out.

I can offer a 50gh BFL miner + PSU and some other things.

but I cant really see myself shipping the things to the lender to hold.

if the loan didnt work out then yes I would ship the collateral to the lender.

I would sign a binding contract during the duration of the loan.

I am US based.

You have about $450 worth of miner you want to use as collateral but it's not collateral if you still have it in your possession. Contracts, ID, screen shots and phone calls aren't worth anything. You need a car loan, house loan, sell your stuff or get a bank loan. No one will hand you $10k on your internet say so.

You peaked my interest when you said you would be willing to sign a US binding contract. Do you own a house or property that is valued at 10k or more? If so and willing to include that in the loan for if you default (house or car works, you keep possesion obviously unless you default)?

I might be interested in doing this, however this wouldn't be a quick 24 hour deal. This would require an official loan contract written up where I assume no risk and is backed by your possessions. A secured loan. I don't want your miner as collateral either. If you have a decent car or own a house, thats what I'd want underwritten in the loan.

alabamafan1 can you PM me your IM+ for gmail?

Can you gpg sign your original post with your OTC key, please. I don't understand why you would even consider providing your OTC rating but not signing the message.

@prezbo

I signed the message using my bitcoin receiving address
I use my bitcoin wallet address to verify at bitcoin-otc

you can verify this message with the signature