I get a loan for mining hardware, but I cant back loan, HELP ME

[Nolo]

You can sell your homemade porn on clips4sale.
Or stream on streamate, myfreecams, cam4btc.
Good luck!

Streaming with live shows is probably your best bet.  More $ to be made there, than just selling videos. 

[Jutarul]

Now I have only $18 per a day from mining, $540 per month. But I owe the banks $ 600 a month (the half of this, $300 is monthly percents; and only the half, $ 300 is reduce debt).

A 3600/10000*100=36% loan? That's not a bank, that's Mafia. If it were a bank you need to get refinanced. If you put your house as collateral you can easily reduce the rate down to 5% ($41 interest per month), given you have a clean slate.

Now - this assumes that your story has an ounce of truth.

[Maniac]

Now I have only $18 per a day from mining, $540 per month. But I owe the banks $ 600 a month (the half of this, $300 is monthly percents; and only the half, $ 300 is reduce debt).

A 3600/10000*100=36% loan? That's not a bank, that's Mafia. If it were a bank you need to get refinanced. If you put your house as collateral you can easily reduce the rate down to 5% ($41 interest per month), given you have a clean slate.

Now - this assumes that your story has an ounce of truth.

Yes, loan percent is 28-38% in different banks.

Russia is not USA.

In Russia the word "government" and the word "mafia/outlaw/thief" are equal.

If you live in Russia and took a loan, you will be poor for a long long time. But I made a mistake because I am the stupidest.

[Maniac]

You can sell your homemade porn on clips4sale.
Or stream on streamate, myfreecams, cam4btc.
Good luck!

Which any of these sites can I withdraw money in Russia?
Thanks!

[Jutarul]

If you live in Russia and took a loan, you will be poor for a long long time. But I made a mistake because I am the stupidest.

You know there are moral obligations and there are legal obligations...
The place where I live, requesting a 36% interest on a loan per year is considered unconscionable. I advice you to find a lawyer.

[Maniac]

If you live in Russia and took a loan, you will be poor for a long long time. But I made a mistake because I am the stupidest.

You know there are moral obligations and there are legal obligations...
The place where I live, requesting a 36% interest on a loan per year is considered unconscionable. I advice you to find a lawyer.

Russian banks requesting 25-80% a loan per year.
Russian lawyers is very very high price but they are useless and stupid.

[Jutarul]

If you live in Russia and took a loan, you will be poor for a long long time. But I made a mistake because I am the stupidest.

You know there are moral obligations and there are legal obligations...
The place where I live, requesting a 36% interest on a loan per year is considered unconscionable. I advice you to find a lawyer.

Russian banks requesting 25-80% a loan per year.
Russian lawyers is very very high price but they are useless and stupid.

Then you don't have a money problem - you have a social problem. You need to find a way to resolve this without getting killed. What happens if you declare bankruptcy?

[Nolo]

If you live in Russia and took a loan, you will be poor for a long long time. But I made a mistake because I am the stupidest.

You know there are moral obligations and there are legal obligations...
The place where I live, requesting a 36% interest on a loan per year is considered unconscionable. I advice you to find a lawyer.

Russian banks requesting 25-80% a loan per year.
Russian lawyers is very very high price but they are useless and stupid.

Good to know my counterparts overseas are just as respected there as we are here

[Maniac]

If you live in Russia and took a loan, you will be poor for a long long time. But I made a mistake because I am the stupidest.

You know there are moral obligations and there are legal obligations...
The place where I live, requesting a 36% interest on a loan per year is considered unconscionable. I advice you to find a lawyer.

Russian banks requesting 25-80% a loan per year.
Russian lawyers is very very high price but they are useless and stupid.

Then you don't have a money problem - you have a social problem. You need to find a way to resolve this without getting killed. What happens if you declare bankruptcy?

In Russia there is no laws about bankruptcy individual person, it privilege of large wealthy organizations.

[Jutarul]

In Russia there is no laws about bankruptcy individual person, it privilege of large wealthy organizations.

Unfortunately I don't know much about the existing laws in russia. But this doesn't make sense. Unless the only way to become debt free is to spent some prison time.

[jasinlee]

In Russia there is no laws about bankruptcy individual person, it privilege of large wealthy organizations.

Unfortunately I don't know much about the existing laws in russia. But this doesn't make sense. Unless the only way to become debt free is to spent some prison time.

Dont drop the soap.

[MrTeal]

What's your hashrate? Looking at your setup (6830s? Really?), I'm guessing the US$18/day was before the reward splitting and you're about 5GH/s right now. Basically, I'd say you're about screwed. You picked cards with low resale value, so without knowing your setup it's hard to give good advice.

At this point, even with $0.05/kWh electricity you're going to be losing money after taking into account your interest payments. I would sell everything online and try to pay down the debt. Maybe you can get it to a more manageable level.

[Maniac]

What's your hashrate? Looking at your setup (6830s? Really?), I'm guessing the US$18/day was before the reward splitting and you're about 5GH/s right now. Basically, I'd say you're about screwed. You picked cards with low resale value, so without knowing your setup it's hard to give good advice.

At this point, even with $0.05/kWh electricity you're going to be losing money after taking into account your interest payments. I would sell everything online and try to pay down the debt. Maybe you can get it to a more manageable level.

13 Gh/sec and 8000 kW*h per month (but I steal electricity at night, 25% monthly electricity). 8000-2000=6000 kW*h

Different GPU's 5xxx/6xxx/7xxx, overclocked.

[AndrewBUD]

Loan's from the mafia and steals electricity to help from going under. good job, you couldn't do that here with all the crazy smart meters.

[odolvlobo]

Why aren't you posting on the Russian board. If anyone could help you out, it would be someone there.

https://bitcointalk.org/index.php?board=10.0

[Nolo]

Just leave Russia.  You talk about how bad it is there. (I've never been to Russia, but I imagine it is pretty accurate to what you are describing.)  You don't have a job.  You're massively in debt beyond your ability to repay.  I'm sure there is some other country that would take you in that would be better.  


But curious.  What happens if you default on the loans?  You say there isn't a form of consumer bankruptcy over there. Does that mean there is a "debtor's prison"?  

That's one of the founding principles of the U.S.  You can't be put in jail just because you owe someone money.  (Except in the case of child support, which isn't being jailed for not paying a debt, it is being jailed for defying a court order, i.e. contempt.)

[Arrogance]

I don't understand why if you knew all of this about loans why you would take one out.

[MrTeal]

13 Gh/sec and 8000 kW*h per month (but I steal electricity at night, 25% monthly electricity). 8000-2000=6000 kW*h

Different GPU's 5xxx/6xxx/7xxx, overclocked.

It's a good thing you have cheap electricity, 8000kWh a month is about 11kW constant draw. 1.17MH/J is pretty terrible. Even if it was free you won't be able to pay off your debt with the setup you have now. You might only have a few more weeks before ASICs hit and you have no appreciable income.

[Maniac]

But curious.  What happens if you default on the loans?  You say there isn't a form of consumer bankruptcy over there. Does that mean there is a "debtor's prison"?  

That's one of the founding principles of the U.S.  You can't be put in jail just because you owe someone money.  (Except in the case of child support, which isn't being jailed for not paying a debt, it is being jailed for defying a court order, i.e. contempt.)

No prison, but take away all the property and large share of official income for a long years. It kills my dream about village home and plant potatoes. All my life I'll urban poor.

[Maniac]

Why aren't you posting on the Russian board. If anyone could help you out, it would be someone there.

https://bitcointalk.org/index.php?board=10.0

Russians don't have money.