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Looking to buy 1-2 BFL Jalapenos, currently willing to pay 2 BTC per jalapeno. Post or PM if you are interested. Escrow through John K is fine.


Price negotiable.

Where can these be found?

Well it looks awesome, but far to technical for myself. I would love to see some photos of the finished board and then to see it running when/if you ever get your chips

I offer 1.5 BTC shipped.

Because at 4 BTC the blade most likely would not ROI anyways therefore you'd end up negative if you bought it. http://mining.thegenesisblock.com/a/5e7a7334af

At least I realize this and will buy the BTC to cover the non-ROI ASIC at the end of the loan term. The reason why I'm buying it is for a different purpose than actually getting an ROI directly from mining BTC.

If I was going to scam I would have just promised the 1 month loan with weekly payments to BitCoiner2012 and ran with the 4 btc lol. I'm only promising what I know I can return and in a trimeframe that I can do it in

Yeah I like mining for a hobby as well (I do also make sure I'm going to get ROI).

But with your point about fiat, you could invest that fiat in BTC, sell the BTC later and get a ROI on your fiat. Without using the miner for hobby purposes, there is no miner needed to get an ROI on your fiat there. As long as the miner cost more fiat than its equivalent in BTC, then you are making the wrong choice (unless using it as a hobby or believing difficulty is going to cap for a while rofl).

IE for example if you spend 4 BTC on a jalapeno that will only ever make 2 BTC. You should have just bought 4 BTC in fiat, then sell it later. Instead of buying a miner for 4 BTC, waiting until you make 2 BTC back then just selling 2 BTC.


4 BTC > 2 BTC.

Vod stated "Do not loan to OP without $600 in collateral, or you will not see your coins again."

That is an accusation that I will steal, before I've done anything at all...

Please see here: If you're going to accuse me of anything, please have a solid reason for doing it besides "oh you havent been here for 5 years with 100 trades" etc. Everyone has a start at some point, and my history on other forums is good

I'f your going to buy a jalapeno for $300 based on the premise that BTC will go up, why not just buy $300 of BTC?

With current difficulty trends a jalapeno that begins mining today most likely will mine less than 1.9 BTC over its lifetime of usage, so no matter how much USD a bitcoin goes for, you'd just be better off saving your 3.5+ BTC and selling them later on.

Well that is pretty rude. Not having a long trading history on these forums does not substitute as evidence against me. I have no problem PM'ing you on the forums where I conducted $100's of dollars a day in trades from a virtual currency (diablo gold) to paypal cash. And not even one post in those threads states anything bad about me.

I also made a single 1 BTC purchase on OTC with paypal** and never charged back or anything

http://bitcoin-otc.com/viewratingdetail.php?nick=lyth0s&sign=ANY&type=RECV


If you're going to accuse me of anything, please have a solid reason for doing it besides "oh you havent been here for 5 years with 100 trades" etc. Everyone has a start at some point, and my history is good

Ok, no worries. I can understand how large the risk can be in a situation like this. Thanks for looking into it though

Unfortunately as difficulty increases my hash power wouldn't generate enough BTC to pay that off in 1 month with weekly payments. If the only offers I had was a 1 month loan, then I would be buying a small amount of BTC at the end of the month to pay the remaining BTC off. The main reason why I'm looking for the loan is to keep the amount of cash movement out of and into my bank account at a minimum.

The loan would net the loaner over $30/month for 2 months. If 2 months ends up being too long of a loan for people then maybe I'd do 30 days. Oh and payments would be made on a monthly basis

Hello,

I'm looking for a 4 BTC loan so that I may purchase an additional ASIC miner. Loan will be paid back at 4.5 BTC within 60 days. My current ASIC miners make 3 BTC a month. If the difficulty increases to a point where it wont get my BTC back, I already have 1 BTC put aside and I have no problem converting cash to BTC via coinbase if necessary.  Payments would be made on a weekly or monthly basis (your choice).

Here is my rep from when I used to trade $100's of dollars a day in Diablo gold, never ever cheated anyone.

Reputation from my diablo gold selling days:
http://www.ownedcore.com/forums/diablo-3/diablo-3-buy-sell-trade/352134-us-diablo-3-gold-best-prices-safe-trusted-instant-delivery.html
http://www.ownedcore.com/forums/diablo-3/diablo-3-buy-sell-trade/352086-diablo-3-gold-us-servers-private-buyer-paypal-verified.html

Only problem is for 1 BTC more you can get 10.7 GH/s.

For 4 BTC you could get a 10.7 GH/s blade in the next 8 days. A jalapeno currently makes 0.28 BTC a week.

4 BTC * $120/BTC = $480, $480/10.7 = $44.85/GH.

($44.85/GH * 5GH) + (0.28 * $120)= X  

$224.25 + $33.6 = X


X = $257.85 = 2.14 BTC


So when taking speed into account and the amount of BTC the jalapeno would make while waiting for the ASICMiner blade to arrive, the mathematically correct amount would be 2.14 BTC or $257.85 dollars. If difficulty were to increase to 75 million right now, then that would rise the price of the jalapeno by $5.

Obviously though people don't always figure out what machine is most profitable, so you could always just sell it on ebay, to a reseller or to a noob for 3-5 BTC.


Edit: Both items would require shipping, but if you could get the jalapeno shipped to you for less than $18 then add the saved amount saved = (18-x) to the jalapeno price.

Watching...