Hi, Ive seen your loan listings on bitlendingclub. There you say you want to get 60 BTC of long-term financing for your project. And you've already got around 40 or so with the interest rate of more than 70% p.a. Please elaborate how does it correspond with the formula
Total Revenues - (Hardware expense + Lease + Electricity + management fees) = Net Operating Profit
Who will repay these loans and from which sources. Thank you in advance for clarification. Just making my due diligence as an blc investor.
Edit: typo
Deebosh - thanks for the inquiry. Lending sites such as BLC are great to start off, but we are moving beyond their capacity to lend, and quite frankly the rates are far too high. We refuse to use any tradtional banking establishment due to the fact that they have taken enough of our money over the years and we want to keep this inside the BTC community.
Loans are a part of any business model, and we are no different. HMT currently has three distinct branches of operation under one LLC. There is mining, Trading, and ALT coins. For this particular offering we are keeping the loans separate to ensure that investors dividends are maximized. HMT LLC still pays the loans back; however, those payments will more than likely come from the trading desk. Thanks for the questions and keep them coming. We typically have about 18 hours or more of screen time a day between us so chances are one of is here.
-Gerald
