Loan Request "Time Sensitive."

[BitcoinINV]

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.

[PatrickHarnett]

As an observation, 0.916% per week, rather than the 11% stated.

[BitcoinINV]

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

[fgervais]

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]

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]

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]

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]

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]

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]

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-

[BitcoinINV]

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 .

[Vod]

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.

[BitcoinINV]

Do you need a paddal or trolling motor LOL goat?


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

[jwzguy]

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]

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