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or, just direct CPU at Boinc - not all of the cores, just some (performance reasons - I do this).
If you want something slightly worthwhile, "Malaria Control" probably fits the bill - many other projects are in biological sciences and some physics. Most of the number projects are just theoretical.
Patrick (current boinc rank 167 )
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If you have the fan, it's fairly easy - there are about 60 screws to do. Pull apart, put together.
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Best paying deposit rate is Priateat40, but let's say that is top of the range (30% month payout)
INAU (Ineedausername) is doing some loans higher than this, but smaller/shorter = 45%/month. If you need it, it's there as a service.
I have loaned to INAU at 15%/month and have other loans of varying rates 10% to 15%. A few short-term ones are higher.
Kludge is doing 10%/month.
notme is starting a savings/deposit system paying 1%/week, say 4%/month.
Within that range, the "market" is probably somewhere in the 10-15%/month range, but it depends on reputation, purpose etc.
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Funded.
Thanks for the comment Johnthedog. Each loan helps build reputation - and it works on both ends too.
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ok - I'll be doing something else (afk) for the next hour anyway.
Let me know if you are still interested in doing the loan k? i be back going to the store.. Yes - pm me or post address when you're ready. |
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ok - I'll be doing something else (afk) for the next hour anyway.
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Mathematically, you are correct. Psychologically, people are more comfortable when they can see 75% of their deposit at any time. Also, I was hoping to allow more people to participate, but someone grabbed up all my space already  . Yes, when there are multiple lenders, a reserve is crucial for being able to allow withdrawals in a timely manner. I'm tempted to model this as a Poisson process, but the independence assumption is too strong for such analysis to be useful. Hi Meni - the assumption of independence caused a lot of the bank VaR models to implode because the risks they were guarding against were strongly correlated. We've already seen events this month on bitcoin that have resulted on runs on funds. For something new like this, being careful and cautious is a good thing. |
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Interested - doing a credit check (yes - lol).
edit: credit check passed - pm sent
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sigh, finally got scammed
I am sorry  1 day I go i put my "hmmm" but I deleted it, since he said he would pay back and was late a little bit, he came in online today Last Active: Today at 09:04:59 PM maybe he is not scammer and having hard time paying back ? My preference is that he is having difficulties, and it is still possible it will all work out. Also worth noting for those that think the interest rates being charged are exorbitant (huge or usury) having a high proportion of loans go bad is the reason why. These are low/no doc, short term, unsecured loans. I have looked at three others in the past few days that I have declined to take up, but accepted the risk on a couple of others. |
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Yes, the 120 mining contract has started. 120 days from now is around 20 May (depending on timezone).
You're right. I counted 12 weeks, not 120 days. lol - no problem |
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watching
(i.e. have a few other things on, and commitments coming up)
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I've never used the OTC market that most people refer to, but I do background checks.
anyway
imsaguy - as per pm, is availability down to 75, or can I take some extra as per our pm's
edit: 200 sent
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Loaned with the potential that it was a minor ponzi. Commented on this to INAU last night, and obviously others were watching. Certainly doesn't look like it can last another round.
kuJoking7 - the threads are pretty obviously slanted in one direction at the moment. People loaned in good faith, and it is up to you to make good on the payments. Surely you would have paid back the first lenders by now.
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Yes, the 120 mining contract has started. 120 days from now is around 20 May (depending on timezone).
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Great that you got it working.
As Deepceleron notes, you can tinker with some of the settings depending on how you use your machine, or set and forget once it's stable.
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As an add-on for this particular loan, when paid back I will be donating half the interest to IBB.
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I am not trolling and hope this message is taken as constructive feedback. Regarding the bond @ 4% idea, consider this:
At the current difficulty (1.25m) and exchange ($6.25/BTC), a $300 5970 (hashrate 800Mhash/s) would generate $4 per day, or $122 per month.
Obviously a 5970 cannot exist in a vacuum. It needs a PC, electricity, cooling, space to run it in ... let's be generous and say all that infrastructure and support doubles the price of that card to $600.
So back to our calculations: a $600 investment would be generating $122/month. Or, putting it another way, a 20% return PER MONTH. You are suggesting the bond offer 4%.
I have one of my rigs that I consider frequently because it's sitting on a small shelf in my gym. A simple AMD 2 core thing with two 5850's that I got reasonably cheap. I worked out last week that it is costing me $1.92/day to run and making about $3/day in coins (cruising along about 600Mhash), so $1-$1.50/day profit. Even with the cheap components, it was $400-$500 so it has a payback longer than one year. So, to catch up on the above example, the 5970 making $122/month less $60-ish in running costs give $60/month. To buy the thing, and replace it is a capital charge so taking that pay-back out, down to $30-ish, and then there is the time to make it all run. As I explain to people, Bitcoin is a get-slightly more wealthy slowly proposition. |
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Good idea - I'd probably go for a revenue split version rather than GLBSE.
One potential problem is if difficulty went up a lot and prices fell, then it might not be profitable.
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Parking a few extra coins for the weekend.
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And before any others jump in with silly "witless" comments, I confirm the terms are as set out.
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