Bitcoin Forum

Am planning to join in on the ASICS revolution

At most I'd like to be able to buy 1(ONE) SC SINGLE, that is at least 200-250 BTC. This is the minimum I can ask for.

anything to add maybe ?
How long, return, guarantee etc ?

As soon as I have the hardware, I can get the money in 2-4 weeks according to this calculator: https://bitclockers.com/calc

Return on Investment is completely up to the lender

I'm too tired to reply to this on my phone. Please, tomatocage or someone else, educate him!
Op, pray show what's your willing to give in for the loan before the trolling starts.

When you get "your" SC Single so will the couple thousand other pre-orders and difficulty will be 20x to 100x higher.  Actually you probably will get your SC Single after difficulty has already readjusted multiple times meaning you would start at difficulty 100x higher.  Had you considered that difficulty can rise?  Had you considered that BFL already sold $200K+ of pre-orders in the first 24 hours?

I don't prefer to speculate, I like hard numbers.

Also 250 BTC is a small loan.

250 BTC is NOT a small loan for somebody who is as new as you.  :P

This is a joke, surely.

CLEARLY anyone that is already into BITCOIN mining knows that I need at least 40 gigahash per second in anticipation of the upcoming difficulty rating increase.

I mean I WOULD lower my loan request to 1(ONE) Jalapeno+S/H costs+bank wire cost, but that barely makes money as is. According to the calculator I've already mentioned, a Jalapeno will make about 3k in one year and that is before the diffculty increase.

If it a small loan why don't you go ask somewhere else ?

No one is going to loan you such a big amount of money with guarantees of payment. We're talking about 1600$+.

Regards,

It is ~$1,600.  Pretend for a second you had $1,600.  Would YOU loan it to some anonymous noob with all of 46 posts, no experience mining and utterly unrealistic naive expectations on profitability?

Would you?

Please beware of this guy. Again I'm laughing at this- but then again last time that happened someone still got scammed, so this time I am still putting out the warning even thought its pretty obvious to anyone with half a brain. Reeks of scam.

Yes retarded trolls I would because that means I've been mining for a while now and have some savings. Not unlike you pretenders who post here and don't got any cash.

You're not in position to judge us, you're the one that comes here asking for 500-1000 BTC loan in a tiny sentence and then start bragging that it is a small loan.

Have a nice day,

Sure I'm allowed buddy, this is the internet, nobody has credentials here.

Unless you can make somebody accountable in real life then you don't really have anything on that person.

Yes greed is most certainly a possibility.

Oh hi, Wnd.

que?

Request denied.

I am very interested but I am not sure exactly what you personally bring to the table. 

From what I gather these mining rig things are just pretty much "plug and mine".  So I lend you the BTC, you deposit them at BFL, then someday in the distant future you get a rig and plug it in.

However, it seems I can just take a few thousand of my BTC, deposit them with BFL, wait, and then when they arrive I can plug them in.

Do you have any special skills at plugging things in that I do not?

You go ahead and do that then buddy.

Most lenders do it to make money or because they like helping others out of financial situations.

Yes, I do.

lol okay, so put a percentage on top and a loan duration and we'll do business

FTFY

Where are you currently mining and how many GH/s do you currently have?  How much savings do you have? 

What is your plan if ASIC's don't ship until next March?

hahahaha...too funny  ;D

Subbing, but I have something else to do (real BTC work) before providing some economics on how expensive a BFL loan actually is.

Someone wants a 250 coin loan for some BFL SC stuff.  A really good rate for an unsecured loan would be 2%/week.  Let's have it start at 1 July 2012.

1-Jul-2012 250 established, interest 5 coins/week.

by 9-Sep, interest has reached 6 coins/week and the balance is 304.7
by 4-Nov  interest has reached 7 coins/week and the balance is 357.1
by 23-Dec  interest has reached 8 coins/week and the balance is 410.1

And, if by some miracle BFL actually deliver, you owe 410.1BTC and need to mine at 8 coins/week just to pay interest.

40Ghash BFL SC single.
Possible network speed 30Thash (modest, about double current based on an assessment of how many MR-SC will be released). 
Difficulty 3.5M, so 40 Ghash might deliver 6 coins/day (25 coins/block)

If, more likely, you are in the queue and wait a further three months, your loan is now 510 BTC and 10 coins/week in interest.
Difficulty will be higher as all those singles will be shipped, and you're earning 20 coins/week, so payback is going to take most of 2013.


My alternative (and I am actually doing this) is not to give BFL any money until they actually have product.  I'm sticking 250 coins into my BS&T account and by the end of the year my 250 deposit is around 1000 coins.  Then I'm doing my upgrade order and waiting "4-6 weeks" delivery and as the price of coins is likely to have moved, the 250 coin cost might only be 200 (or less).  I'm still mining at 20 coins/week, but with 800 more coins in the bank.

This dude sounds strangely like:

https://bitcointalk.org/index.php?topic=88772.msg978272#msg978272 (https://bitcointalk.org/index.php?topic=88772.msg978272#msg978272)

and

https://bitcointalk.org/index.php?topic=88738.msg977725#msg977725 (https://bitcointalk.org/index.php?topic=88738.msg977725#msg977725)

hahahahaha i almost pee with this  ;D

If you went to a bank and told them you wanted a loan to buy a house, do you think they would give it to you immediately? Be reasonable. You need to work to show you are reliable and are legitimate. You need to give us all information on your mining experience and various other things. This includes your personal information. If you intend to do this once someone PMs you, please say this in your post. A one sentence post will get you nothing, except being called a troll or scammer.

None of this applies to him if he doesn't plan on paying it back.  :D

If I did a loan like this, the device would go to my mining escrow agent until paid.

However, there is more credit risk than simply the lender in situations like this, it's the manufacturer as well.  We're in the second half of 2012 and BFL are still working through a backlog of orders.  There is no doubt they have that product - the new one is a bit unknown.

True, i'm a bit skeptical of BFL (which is why I haven't bought anything :D).

I'm not surprised  ::)

Most scammers in here are familiar.

The ASIC joke, priceless  ;D

+10000

well shit. too bad the difficulty increase will cut it down to 150.

confirmed.

morons like you will always be around huh, why don't you add value to the place next time freak

You certainly are on track for that loan buddy.

You've descrived yourself in just one simple word. It must be frustating to be a class A lunatic individual that swears at potential lenders all the time scaring them away.

Please grab some popcorn and read this immature insult:
https://bitcointalk.org/index.php?topic=91989.msg1013588#msg1013588

About adding value to the community. I run BTCLot and in October this year it will be our first year in business. I think my work speaks for myself.

What about you ?

LMFAO "BITCH-LOT" AHAHAH

WHAT A BOGEY PLACE THAT IS, I can guarantee no one will be using that place

And I can guarantee no one will give a loan, not even for 1 BTC.

He wins.

http://img-cache.cdn.gaiaonline.com/da036c1e6016f54d00887907c82f6059/http://i549.photobucket.com/albums/ii375/Trueflame08/unsuccessful-troll.jpg

Then you will have to say that to our happy clientele.

Warning: It's a very high number.

You sir you made my day, too bad I don't offer coins for laughs.


Indeed, I'm pretty sure this kid is underage or he is a very immature adult.

Wait for the rage quit part  ;D