Bitcoin Forum
December 01, 2021, 07:50:02 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Loan Request "Time Sensitive."  (Read 1450 times)
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 19, 2012, 02:53:56 PM
 #1

Rquesting a 800 BTC loan
Need this filled by Sep 22 at noon or he is going to part it all out, and loan will not longer be needed.

Any information needed from me will be gladly given to known lenders.
Will take multiple lenders if needed,



This loan is for the aquastion of 20G/H of mining power
Loan will be paid off in 12 months in weekly payments of around 20 BTC.
In case of exit all equipment would be sold
All Prices are used

Total Value of
Value of Coin used at 11.5USD
Mother boards 103.5 BTC
PSU 147.8 BTC
CPU 30 BTC
GPU 717 BTC 55 GPU's in total


Number of Payments
52
11% per week intrest   
Weekly Payment  BTC 19.41   
Total Principal Paid  BTC 800.00   
Total Interest Paid  BTC 209.35    
Total Paid
BTC 1,009.35





1   19.41   12.08   7.33   787.92
2   19.41   12.19   7.22   775.73
3   19.41   12.30   7.11   763.44
4   19.41   12.41   7.00   751.02
5   19.41   12.53   6.88   738.50
6   19.41   12.64   6.77   725.86
7   19.41   12.76   6.65   713.10
8   19.41   12.87   6.54   700.22
9   19.41   12.99   6.42   687.23
10   19.41   13.11   6.30   674.12
11   19.41   13.23   6.18   660.89
12   19.41   13.35   6.06   647.54
13   19.41   13.47   5.94   634.06
14   19.41   13.60   5.81   620.47
15   19.41   13.72   5.69   606.74
16   19.41   13.85   5.56   592.89
17   19.41   13.98   5.43   578.92
18   19.41   14.10   5.31   564.81
19   19.41   14.23   5.18   550.58
20   19.41   14.36   5.05   536.22
21   19.41   14.50   4.92   521.72
22   19.41   14.63   4.78   507.09
23   19.41   14.76   4.65   492.33
24   19.41   14.90   4.51   477.43
25   19.41   15.03   4.38   462.40
26   19.41   15.17   4.24   447.23
27   19.41   15.31   4.10   431.92
28   19.41   15.45   3.96   416.47
29   19.41   15.59   3.82   400.87
30   19.41   15.74   3.67   385.14
31   19.41   15.88   3.53   369.26
32   19.41   16.03   3.38   353.23
33   19.41   16.17   3.24   337.06
34   19.41   16.32   3.09   320.74
35   19.41   16.47   2.94   304.27
36   19.41   16.62   2.79   287.65
37   19.41   16.77   2.64   270.87
38   19.41   16.93   2.48   253.94
39   19.41   17.08   2.33   236.86
40   19.41   17.24   1.17   219.62
41   19.41   17.40   2.01   202.22
42   19.41   17.56   1.85   184.67
43   19.41   17.72   1.69   166.95
44   19.41   17.88   1.53   149.07
45   19.41   18.04   1.37   131.03
46   19.41   18.21   1.20   112.82
47   19.41   18.38   1.03   94.44
48   19.41   18.54   0.87   75.90
49   19.41   18.71   0.70   57.18
50   19.41   18.89   0.52   38.29
51   19.41   19.06   0.35   19.23
52   19.41   19.23   0.18   0.00
Totals   1,009.35   800.00   209.35   


 Please conduct yourself in a business like maner on this post, no offtopic or trolling.

1638388202
Hero Member
*
Offline Offline

Posts: 1638388202

View Profile Personal Message (Offline)

Ignore
1638388202
Reply with quote  #2

1638388202
Report to moderator
1638388202
Hero Member
*
Offline Offline

Posts: 1638388202

View Profile Personal Message (Offline)

Ignore
1638388202
Reply with quote  #2

1638388202
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1638388202
Hero Member
*
Offline Offline

Posts: 1638388202

View Profile Personal Message (Offline)

Ignore
1638388202
Reply with quote  #2

1638388202
Report to moderator
1638388202
Hero Member
*
Offline Offline

Posts: 1638388202

View Profile Personal Message (Offline)

Ignore
1638388202
Reply with quote  #2

1638388202
Report to moderator
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
September 19, 2012, 11:24:02 PM
 #2

As an observation, 0.916% per week, rather than the 11% stated.
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 20, 2012, 03:56:30 AM
 #3

Oh table was wrong then, well Ill pay 11% on it. Thanks Patrick

fgervais
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
September 20, 2012, 05:30:31 AM
 #4

Fair warning, the market value of 20Gh/s is set to devaluate quite rapidly in the short term. This isn't a shot at the seller, or even really aimed at potential lenders, more of a "check your numbers to see if it's wirth it" thing.

Also, at 11% interest weekly and a 19.41BTC weekly payout, it's oustanding value will be around 142,000BTC by the end of the year. You might want to look into that lol.

I'm guessing you're buying a BFL mini, hopefully to swap it in for the new ASIC version, but at 11% weekly you're looking at 22.5k% compound per annum, not something I'd enter into.
helloworld
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250



View Profile
September 20, 2012, 06:31:31 AM
 #5

If you are willing to take multiple lenders, and people are pooling to reach the 800 btc, then what is the minimum you'd accept from any individual?
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 20, 2012, 12:52:15 PM
 #6

Yea my numbers are all jacked up lol, Well if anyone would like to give me a hand to figure out a reasonable rate Id like that. The calc I used failed me as seen above. The equipment will be mined until its unprofitable then sold off.

jwzguy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
September 20, 2012, 01:26:52 PM
 #7

Yea my numbers are all jacked up lol, Well if anyone would like to give me a hand to figure out a reasonable rate Id like that. The calc I used failed me as seen above. The equipment will be mined until its unprofitable then sold off.
What's your electricity cost per kwh? What's the capacity of your electrical service?

I don't think you will have time to assemble half those machines before it's unprofitable to mine with them - unless you're counting on the price to go up. (In which case - you should just buy coins directly.)
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 20, 2012, 01:59:41 PM
 #8

All the rigs are identical I mean like same mobo brand same cards same everything. It would take me about a week to a week and a half to get them all running. For the simple fact i'm going to change the OS on them. Electric cost is .079.

jwzguy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
September 20, 2012, 02:07:57 PM
 #9

All the rigs are identical I mean like same mobo brand same cards same everything. It would take me about a week to a week and a half to get them all running. For the simple fact i'm going to change the OS on them. Electric cost is .079.
Are you going to run them in your house?
markm
Legendary
*
Offline Offline

Activity: 2758
Merit: 1051



View Profile WWW
September 20, 2012, 02:13:46 PM
 #10

You're going to start up with GPUs this late in the game?

Heck even FPGAs it is arguably way late to be starting now, but GPUs seems crazy...

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 20, 2012, 03:36:46 PM
 #11

Figure I could mine them, when they became unprofitable then sell them off for a profit. Pay back all the loans and maybe make a coin or 2 Cheesy.

Vod
Legendary
*
Offline Offline

Activity: 3444
Merit: 2929


Licking my boob since 1970


View Profile WWW
September 22, 2012, 03:48:04 PM
 #12

Yea my numbers are all jacked up lol, Well if anyone would like to give me a hand to figure out a reasonable rate Id like that. The calc I used failed me as seen above. The equipment will be mined until its unprofitable then sold off.

Question... sold off to who?  Thousands of others will do what you plan, and the prices are going to plummet.

vod.fan - coming soon!  Free image hosting and URL shortening
clubcrypto.live coming soon!  Work and play at home - earn crypto and video game NFTs
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 22, 2012, 04:16:49 PM
 #13

Do you need a paddal or trolling motor LOL goat?


Times up anyways guess he will peice it out, no gain no loss Cheesy

jwzguy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
September 22, 2012, 04:17:28 PM
 #14

I'm guessing the fact you ignored both of my extremely relevant questions means either you have no idea what you're doing, or you gave up on this loan. Cheers.
BitcoinINV
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 22, 2012, 04:19:36 PM
 #15

Sorry about that, no not at my house. My dads house he has a huge space for them. Thought I did answer you question about electricity, but anyways im going to lock it up so it can fall into the abyss lol

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!