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Hi, I'm Sapta from Indonesia. I just rent a house across my parent's house to make a Playstation cafe. And for the start I need a loan to buy 4 Playstation 3. In Indonesia, price of Playstation 3 with HDD & Full Game is IDR 2,500,000 that is approx. $214. So, in simple words, I need 214 x 4 = 856 USD in BTC.

My plan when the PS Cafe ready to run is to rent the Playstation to gamers for $1 per hour (it's the average price in Indonesia). I think the calculations will be like this:

I have a plan to open my cafe at 9.00 AM and close it at 12.00 PM (15 hours). Lets assume that one Playstation can only get $6 ($1 x 6 hours) per day.

$6 x 4 (Playstation) = $24
$24 x 30 (Days) = $720 (Gross Earnings per Month)

As I can still get my money from my miner, I will use 90% of the Gross Earnings to pay the lender. And yes, I don't have any collateral After some time, I think I can ship my motorbike's (2007 Suzuki Thunder) Certificate of Ownership (hmm, don't have an idea what its called, but it published by the Government, it used to be requirement for the bike's tax purpose, valid for 5 years & mine expired in 2017) to a trusted escrow. But I AND I can verify myself (having some difficult to verify my income in BTCJam, I asked support, and no answer yet BTCJam Support finally replied and said that I can use my Bank Statement for Address & Income Verification, working on it.) and we can do a Skype video calling to verify my identity. You can check my Facebook (https://facebook.com) (& Add Me!) and my Twitter (https://twitter.com).

Thanks!





NO LONGER NEEDED. God bless you all Bitcointalk members. :) Gonna start my Playstation Cafe next month with my own money (hopefully). Thank you all.

I shortened your post because some people don't like to read through the long ones.

thanks for this summary :D

Thread updated :)

It's never a good idea to start a business in debt.  Save up until you can pay for everything, then launch your business!  :)

Well, it's not easy to save my money when I have to pay my college by myself. But, thanks for words, Vod! :)

Then work on your education and start business later.

Haha, good idea. 2 years of waiting then. :)