Hello, I understand that I am new to the scene and lack reputation, and for that reason I say now, if you have no interest in funding me or wish to labal me a scammer, you can leave now.
I have done the math on what would be the most optimal setup for a GPU mining rig. I pay no electricity so there is no overhead cost other than the hardware itself.
I need $1400USD to set up a LTC mining rig from scratch. I am looking to build a rig with 3 Sapphire 7950's with room to expand to 4 later down the road.
The Terms of the loan would be as follows (All considering a $2USD/1LTC Exchange Rate and Hash Rates slightly under estimated)
$1400USD + 40% ($560USD)
Payments of ~270/month for a 7 month - This is an estimate of the amount of ltc the rig will mine per month @ $2USD/1LTC. All mined coins will be put towards the loan until it is paid off, regardless of current exchange rate. As of this posting the exchange is @ $2.49USD/1LTC, so you can expect the return before 7 months.
Security for the loan shall be in my daily job. Should the price of LTC fail or if something major should happen to the rig and it cant mine, $200USD of my paycheck would take the place of the rig in payments, for a return rate of 10 months. (should this be the case, the total interest would increase to $600)
I can provide the following to Interested Parties.
*Government-issued photo ID
*Pay stubs or income tax returns (unnecessary if you provide SSN, address, current employer, and consent to credit check)
*Proof of funds to repay in a timely main should something happen.
*Consent to perform a credit check
If you would like to discuss this is further detail, send me a pm and we can set up a time to talk.
Thank you for you time and consideration, and I hope to hear from someone soon.
~Slix313