Bitcoin Forum

As stated, Im looking for a 40 BTC loan to purchase a video card.

I would be able to pay it back in 30 days, or I could point ~1150 Mhash at the pool of your choice until paid..


Edit:  More specifically, this unit;  http://www.wtcr.ca/catalog/product/vid-g6870-01 upon arrival will be added to the 1150 Mhash for a total of ~1450 for loan payback.

I also have another rig ~410 Mhash running now waiting on cables for 2 smaller cards bringing it up another 200 Mhash or so pending power consumption.



http://www1.picturepush.com/photo/a/7706204/640/7706204.jpg



http://www5.picturepush.com/photo/a/7706218/640/7706218.jpg



http://www3.picturepush.com/photo/a/7713081/640/7713081.jpg

1150 MH/sec is less than 1 BTC per day - so how are you going to pay the loan back in less than 40 days?

Hey Burt,

I have more then 1 mining rig

So you're essentially selling a mining contract, with the added bonus that you'll get 100% of your money back? Sounds good, except you don't have much reputation here. :-\

He's done a few solid transactions if you check his post history. I'd lend, but as usual, have no coins.

1 BTC sent , transaction id = 79983b73da16629baf2304597f0c69e3679a8a2a935309535ee9125b43243e26 to 1Psm4dgeeneTYEZgxob2n7DxpNEvrKR9zL
payback 10/3/12

https://bitcointalk.org/index.php?topic=54048.msg780881#msg780881

I'll make the following deal to you:

Loan amount: 10 BTC
Repayment amount: 10.5 BTC, paid via mining shares.

You will point 35% (of 1150 MH/s) of your hashing power to a pool of my choice, until you mined ((difficulty)/50)*10.5 shares.

The reason for 35% is because I want a faster repayment schedule, and you'll be adding more hash power later, and added hashing power does not count toward the 35%.

"you're essentially selling a mining contract,"

- not exactly, nor intentionally, but you could look at it that way.

"you don't have much reputation here"

- Unfortunately, no. But I will add some pics to help show that I AM committed to bitcoin.  I could also offer about 4 BTC worth of other cryptocurrency for collateral if needed.

Received, acknowledged.. Thank you.

I have no problem paying some interest. Its the 35% I don't understand. I am willing to point 100% of one rig to any pool for fastest returns.

I requested 35% as a minimum, in case if someone else wanted to used your mining power for payback. :D

Do you want the partial loan now, or until the rest is funded?

Ah, now I see. I use cgminer for mining, not sure if I could split hash from the bigger 1150 rig. I could however use the smaller rig @ 410+ Mhash if that comes close. It is set to grow up to around 600 Mhash very soon.

as we agreed in pm, 2 BTC  sent to 2971f6be4bfd3f43ccf6b13c725066ccce08ded3b84c9dd1bf5ae2bc7015b34c to 1Psm4dgeeneTYEZgxob2n7DxpNEvrKR9zL

payback 13th March 2012, total 3 btc ( repayment address will be given on 13/3/12)

I don't mean to threadcrap, but that seems really, really pricy for that card. I know it's in BTC, but unless you can pick it up local NCIX has the same card for $190, plus you get a $30 MIR. At current rates that's $210 for the card at WTCR.

I can lend you 10 bitcoins if you return 11.5.

Confirmed, thanks again.

Good eye ! But do they accept bitcoin ?!? Thanks for your concerns but I have been in contact with the wtcr.ca seller who has offered a deal close enough to what I can find the card priced at my local computer store. He stated the manufacturers rebate may still be valid if I bought it from wtcr.ca. I will check with Gigabyte tomorrow to make sure however I would still be interested in the card at this point without the mail-in rebate.

Any possibility on agreeing on a lower interest ? 10% ?

I can loan you the 10 Btc for 30 days if you pay back 11.

Thank you, I would really appreciate that. I notice you have a lending thread. Shall I post there ?

Yes please.

If you are satisfied with one rig mining @ ~410Mhash at the pool of your choice until it is paid I would gladly accept the loan with gratuity. This rig would be upgraded to ~610 Mhash upon arrival of a cable already en route.

I've talked to crosby quite a bit over the last few months, I expect he'll do what he says and hope he can get what he needs.

I did a transaction with Crosby, HE PAID ME FIRST in BTC before receiving goods that I had sent him. He didn't hesitate in paying in advance - so yes, I believe he'll do exactly what he says he'll do.

How much you still needed? 17 BTC?

I would like to fund it with a 10% interest in 30 days.

I just need the payment address and amount needed and the remainder will be funded by a mining contract with the IBM bank.

Details in my latest PM to crosby.

10 BTC sent to 1GL7hkKk4RP6ze4hi58J98CZ8tqcLMe11j
repaying via mining power.

10 BTC loan received. Thank you.

~410+ Mh coming your way shortly. Please verify failed attempt with provided pool credentials through PM at your earliest convenience .

Edit:  Success!  We're mining !

I have agreed with HorseRider to borrow 10 BTC @ 10%. 11 BTC Total to be paid back 30 days from receipt of loan.

HorseRider, please use this addy for deposit:  16Cfqnwy8aay4rTTC1nrbBLo8iLAk2GRQk

Muchly appreciated

10 BTC should be sufficient to fill my total loan request.  1CoJiPwtx7ut7qTYxVJ9ZZCi3WHs2VTYSa

Thank you

Funds are on their way (bitcoin transaction: ef2ca59fd241a846123a6bddefc3cf4f6fbf767b6b6f0dced320c84f4478b772)

Diear Crosby, the 10 bitcoin has been sent to 16Cfqnwy8aay4rTTC1nrbBLo8iLAk2GRQk

In 30+1 days from now on, you can pay the money back to 17whqNHpRZcBRNe2feKGGCCEPPWRw5AYS1

After I get your payment, I will requote this post and confirm your best trustworthiness.

Received and acknowledged.  Thank you

excellent :)

Received 10 BTC from Burt Wagner to be paid back via mining contract already underway.

Thank you, once again.

time to pay :)

2 BTC (repayment address sent via pm)

Thank you,

 Payment sent

loan repaid :)

thank you

http://www.ib-bitcoin.com/ban3.gif

time to pay.

Payment Sent..

Thanks

Everyone has been fully re-paid.

Thanks again.