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Every alt that dies strenghtens bitcoin. Give them time.
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What if you used BTC to buy early shares in Mastercoin or Ethereum? There is no clear valuation in a virtual startup on the first day of issuance, is there?
Sure there is. Why would you pay BTC for something that isn't worth at least what you paid for it. Why would the seller take BTC that is worth less than what he is selling? Willing buyer + willing seller = fair market value. |
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You can consider physical collateral like gold coins, etc. if you are looking for a longer term loan for a significant amount where the cost of shipping is not a deal killer.
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Loan to ClutchThese has been paid off, and miner is due to be shipped out tomorrow.
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Hi everyone,
My LLC is seeking a 5BTC loan to repay 7.5BTC within 180 days of receiving funding. More than willing to sign a written agreement (promissory note) with you. Please contact me via PM to make arrangements.
Thank you
A written agreement is not going to get you a loan. You will need to put up 7.5btc of collateral. At least. I'd want more. |
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How does one find out the price? Only after making a request?
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If you sign in to nastyfans.org you will notice some changes. I grow menu items so that mobile devices should navigate easier. I also add basic integration of NastyPool. This is a new "mining" menu item. It shows the current NastyPool hashrate. If you are mining on NastyPool and register your address with nastyfans then it shows your hashrate also.
The NastyPool integration is very basic now. There are many features coming. But I decide to post new minor versions and release minor individual features. This way we can maybe shake out bugs as we go.
Greatest news we've had in a while! Very exciting to see a custom built p2pool interface getting assimilated into NastyFans. Thanks nonnakip! Yes the pool interface is fantastic, and really sets us apart from other p2pool nodes. |
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Im interested in a loan as I would like to purchase a new card or two for mining and to add to my 1 of 2 cards mining. I don't have coins and spent most what I mined on a hard drive when my crashed recently along with a new 120mm cpu fan which was dying. However I have a title to my street bike and my Chrysler 300m (2003) ? Not sure how we could go about it? Wouldn't mind the option to paypal back some of the funds so I can payback out of my paychecks (and after selling one of my existing cards) without having to find somewhere to convert usd to bc and send.
I suggest you post top level. Others might be interested. |
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That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange?
That's false logic because selling an asset does not have the same economic effect as borrowing against it. However, claiming the collateral is worth $1 when it is actually worth much less is a scam in any case. I see your point, but assuming he is a scammer, there is no perceived economic effect on his end. It's a swap and run transaction. True that |
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That begs the question, if they really were worth $1 each, why doesn't he just flip them on an exchange?
That's false logic because selling an asset does not have the same economic effect as borrowing against it. However, claiming the collateral is worth $1 when it is actually worth much less is a scam in any case. |
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Cooling questions folks:
Given my limited knowledge of thermodynamics, does anyone have some insight on second fan placement? If they are of differing RPM, I would assume that you want the faster one blowing out of the end of the machine, thereby pulling slower fan air and environmental air through the machine as smoothly as possible?
Any other setup (the reverse of the above, each fan blowing inward) seems like it would create turbulence and not cool very effectively. I'm wading through this thread now, if anyone has any specific links to posts.
Thanks again.
If you want to reduce dust inside the miner, you could put an air filter at the intake and run at slight positive pressure (meaning slower or no outtake). |
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Hello op please see my loan request herehttps://bitcointalk.org/index.php?topic=552571.0. I. Meet ur terms and offer more thank u
Not interested in pursuing this, best of luck to you. |
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Payment has been sent.
Received. Miner reconfigured per buyer's instructions. |
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New loan to tkeod. I'm giving seller financing on the sale of an AntMiner S1 which is held by me as collateral until paid off. The loan payoff address is https://blockchain.info/address/1MHEksaozf6Bz1W5Bn1Ets9ZwS1zVD9DPJOnce the balance at that address reaches the sale price of 0.893 plus hosting at 0.075 per 14 days (due in advance) plus interest of 1% per week (due in advance), with a maximum term of one month the loan will be considered paid off and the miner will be shipped to tkeod priority mail at the seller/lender's expense. Down payment of 0.3 is due at the start of the loan Payments of 0.3 are due weekly If loan not paid on one month, lender can keep the miner and any payments to date. Initial balance of the loan is 0.67468 |
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In this picture I only have each Delta powering 4 overclocked Ants, but my normal set-up is 6 overclocked ants per PSU. (OC to 375)
Wow that's a lot of power per PSU. I run three non-overclocked per PSU and they draw about 1100 W (at 120 V but still) |
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I've gotta say an average share time of 5h40m hours compared to 1d8h block times (at the time I post) is better than I expected. At 6 shares per block found, and a SPREAD of 3, I'd average 18 shares at any given time once I've been mining for a few days. That'll drop if the pool hash rate grows, but atm, ~18 average blocks seems like plenty to make sure I'm paid on every block and my payments don't vary wildly. I'll need to actually see it in action first hand a few weeks, but personally I don't feel that is unacceptable variance at all.
It'll be nice if/when I can get some sort of miner-specific graph page up to plot this stuff over time and let you see visually at a glance your projected and real share values.
The absolutely biggest issue we have with variance is the block time. We've had four-day periods with NO blocks. That's just terrible for everyone. Thankfully our hash rate is growing faster than the network, so at the moment at least, this is becoming a slightly smaller problem, and hopefully this trend continues. Given that the new ASIC miners work so well with p2pool it seems like we have a real shot to survive. It was looking questionable for a while. People just would not tolerate rounds lasting a week or two, which is where we were headed. |
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Yes I agree the refund option is a good one, and definitely adds to the value of pre-orders, assuming it is honored. I have no reason to think otherwise in this case. I had a small share of a a blackarrow group buy and did get a refund.
By burned I mostly meant that everything has been very late, and the Cointerra box is underperforming as well.
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I think I misplaced a decimal point calculating things going into this mining project  I'm showing .012 to .015 BTC per day is that normal? Thank you Non overclocked S1 should be about 0.018 right now I am doing something wrong then? I just setup on ghash.io Stratus difficulty was at 512, I just changed to 256 today maybe that will make a difference? Thank you How are you calculating your daily return? Even with ghash.io being one of the largest pools they still have daily variance in payouts and I think they also don't pay out at the same time each day. As it happens I have exactly one S1 on ghash.io (set to autopay daily) and the most recent payouts are: 0.0153 0.0212 0.0155 0.0240 As you can see there is quite a difference. |
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With your previous answer in mind, do you think it makes sense at all to start to pull back from preorders and shift more toward a strategy of buying equipment that is immediately available (even though it perhaps doesn't look as good as the preorder gear)?
It seems we have consistently been burned to a greater or lesser extent with pre-orders, and have not participated in some of the better ready-to-ship deals (thinking of AntMiner S1's from December that are now +ROI, with later S1's looking very likely to go +ROI soon).
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OgNasty, any thoughts on the gridseed scrypt miners? I've seen them as low as $175. Expensive, but pretty power efficient, and available immediately.
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