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Author Topic: 200 BTC Loan @7% , Video proof Attached  (Read 1639 times)
Ssoftware
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September 14, 2012, 03:44:36 PM
 #1

Hello

 I'm Dhilip from india

i need 200BTC for my mining operation , please watch attached video ,

http://www.youtube.com/watch?v=cQzryiofqss

i will repay within 6 month (mostly in 4 month )

my preferred rate is 7% per month ,

i'm ready to show my identity , help me to upgrade my mining

my wallet : 18B8664rgyS2ZE1hBvNN8QDNAM8xbVTYtz
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Ssoftware
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September 14, 2012, 04:28:45 PM
 #2

1) Can you let us know what your electricity rate is?

    Electricity 1 unit = 2 INR ( 1USD = 55 INR)

http://articles.timesofindia.indiatimes.com/2012-03-31/chennai/31265923_1_tariff-hike-power-tariff-unit-hike

2) How many load shedding events occur per week and duration (load shedding, utility company initiated feeder shutdown to prevent area wide brownouts)

   i have inverter backup, i never faced any problem . since i have 5kw gas generator also

3) What the terms of your car loan were?

   My brother working as a DGM in  Mahindra & Mahindra so they offered 2.5lakhs INR discount ( USD 5,000 ), so i paid full amount for my car , so no monthly payment for my car ( This is only reason now i don't cash in hand )

4) Did you build and own the house, or are you renting it?

  Its my own house not rented one

5) What other income do are you using to make payments on the car and or home?

  Basically i'm a web developer and internet marketer from this every month i get good income for my family need ( i own car and home so no dues )

i love to mining BTC , so i planned build as much as possible GH/s ( current target is 50 GH/s in few months ), hope i can pay repayment from my other source of income also



Ssoftware
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September 14, 2012, 05:00:13 PM
 #3

FYI, for any folks following 1 TN electricity unit = 1 kwh

yes 1 unit = 1kwh

http://in.answers.yahoo.com/question/index?qid=20080220023149AAtNZHm
koin
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September 14, 2012, 08:18:16 PM
 #4

please watch attached video ,

do you really not need to lock your doors?

but you probably want to look up the upcoming "blockageddon", where the reward drops to 25 btc (half its current level). 

gpu mining will for the most part become unprofitable at that point.

sorry.  the gpu mining train left the station long ago.
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September 14, 2012, 09:35:56 PM
 #5

about door

" My friend already inside my home "

about mining

" i already calculated for that 25BTC/block situation "
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September 14, 2012, 09:53:12 PM
 #6

" i already calculated for that 25BTC/block situation "
Did you calculate for the ongoing ~10% increases in difficulty we are seeing every 12 days?
If so, you've made a math mistake or you wouldn't be asking for a GPU mining loan.

Making this video for your loan request definitely lends you some credibility, it was very interesting to see. But unfortunately, this loan is a bad idea.

I hope you can find other ways to make money with Bitcoin besides GPU mining. It's definitely encouraging to see people on the other side of the world participating.


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Ssoftware
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September 15, 2012, 03:02:46 AM
 #7

Hope AND HARD WORK NEVER FAILS

GPU mining will not die mate , if so industry will die

if 25BTC /block and difficulty  increase , 100% BTC will also increase

i not going to repay my loan by only mining , i have my regular job (i.e internet marketing and web developing ) going good i'm making like ~4000 $ per month

so its not hard for me to repay the loan


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September 15, 2012, 05:58:16 AM
 #8

if 25BTC /block and difficulty  increase , 100% BTC will also increase
You do know it's the other way around, right? Seriously, this is a bad investment at this time.
Ssoftware
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September 15, 2012, 11:06:01 AM
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if 25BTC /block and difficulty  increase , 100% BTC will also increase
You do know it's the other way around, right? Seriously, this is a bad investment at this time.

but i'm not agree with your thinking , i have done enough market research about it
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September 15, 2012, 11:27:49 AM
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have you herd of a company called butterfly labs?
Ssoftware
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September 15, 2012, 11:54:11 AM
 #11

yes of course

they are going to launch in low cost

i have good idea about gpu mining

if any case mining fails, i have my other source like (internet marketing, web development ) to pay my repayment


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September 15, 2012, 02:57:42 PM
 #12

Hope AND HARD WORK NEVER FAILS

GPU mining will not die mate , if so industry will die

if 25BTC /block and difficulty  increase , 100% BTC will also increase
Hope and hard work fails often, sir. Otherwise people would have no reason to make responsible, carefully planned out decisions.

GPU mining will not only die, it will die in the next 2-3 months at most. Even if ASICs miners aren't shipped this year, FPGAs are what is currently edging out the GPU mining. Please do some searching on this subject.
The "industry" will continue on with more specialized hardware, and GPU miners will be left behind.

If you're counting on a 100% price increase - just invest your money directly into BTC. That way when the price goes up 100% you immediately made a 100% profit instead of being a little closer to breaking even.

Best of luck.

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September 15, 2012, 07:57:41 PM
 #13

Hope AND HARD WORK NEVER FAILS

GPU mining will not die mate , if so industry will die

if 25BTC /block and difficulty  increase , 100% BTC will also increase

i not going to repay my loan by only mining , i have my regular job (i.e internet marketing and web developing ) going good i'm making like ~4000 $ per month

so its not hard for me to repay the loan




Sorry anyone from India claiming to make "like ~4000 $ per month" and then asking for loan just doesnt make any sense. Why exactly did you make this statement, you do know it kills credibility asking for such a loan ?

$ 4000 a month for most places is a good salary, for india that is Royalty.


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Ssoftware
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September 16, 2012, 09:57:47 AM
 #14

$4000 is royality in india

But loan and investments are common for all

I planned  develop using the loan

Yesterday i bought 6970 * 4 from

https://bitcointalk.org/index.php?topic=106392.0

I went to his home and deal face to face , i bought for 50 % rate since it used

Hope ill update my result here
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