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

[AndrewBUD]

People are nice. That's good.

[🏰 TradeFortress 🏰]

How about seeking a loan on bitcoin forums?

Pay back your debt. Borrow at 10% a year from someone on bitcoin forums.

[bce]

How about seeking a loan on bitcoin forums?

Pay back your debt. Borrow at 10% a year from someone on bitcoin forums.

What could possibly go wrong? 

[lightlord]

Maniac you are absolutely and totally screwed on the mining hardware

www.butterflylabs.com/

if you look there, you will see that 60 GH units sell for about $1299.
So for about $10,000 you can get 420 GH of mining power.
And these units only use 60 watts each.

So you only would need 420 watts of power to get about 84X the mining power.

GPU is going to be completely obsolete.

Why didn't you throw $10,000 at these units?
You could of ordered these many many months ago.
And you will be a early adopter.

Its not that your stupid. Its that you did the wrong thing with your money!

I alone did once spent $4K on bitcoin mining hardware it was about 12 months ago.
And in the end I ended up paying fairly close to even, and basically got free graphic cards.
I wished that I didn't sell them out, and kept mining for a year. I would of by now with 3.3 GH
ended up with $5K or so, of a year of mining time from today to a year in the past.

I sold about one year ago all my mining equipment. And since recently paid for 2X60H units from butterfly labs.

[greyhawk]

And since recently bought 2X60H units from butterfly labs.

How do they run? Everything good?

[lightlord]

And since recently bought 2X60H units from butterfly labs.

How do they run? Everything good?

I put the wrong word, I meant *paid.

Butterfly labs has honored their past of 832 Mhash units and I have ran one of these in the past.
I will be receiving these in around Jan 2013.

[DarkHyudrA]

Maniac you are absolutely and totally screwed on the mining hardware

www.butterflylabs.com/

if you look there, you will see that 60 GH units sell for about $1299.
So for about $10,000 you can get 420 GH of mining power.
And these units only use 60 watts each.

So you only would need 420 watts of power to get about 84X the mining power.

GPU is going to be completely obsolete.

Why didn't you throw $10,000 at these units?
You could of ordered these many many months ago.
And you will be a early adopter.

Its not that your stupid. Its that you did the wrong thing with your money!

I alone did once spent $4K on bitcoin mining hardware it was about 12 months ago.
And in the end I ended up paying fairly close to even, and basically got free graphic cards.
I wished that I didn't sell them out, and kept mining for a year. I would of by now with 3.3 GH
ended up with $5K or so, of a year of mining time from today to a year in the past.

I sold about one year ago all my mining equipment. And since recently paid for 2X60H units from butterfly labs.

You probably didn't read the whole OP.
He needs the money, and he needs it NOW, those mining ASIC's are fairy tales, eveybody believes that it's real, but no one has seen one at all.

[Fjordbit]

He needs the money, and he needs it NOW, those mining ASIC's are fairy tales, everybody believes that it's real, but no one has seen one at all.

This is a dangerous statement to propagate specifically because of the problem the OP is facing. If everyone listened to this, then they would invest in GPUs and FPGAs and then in a few months would be left holding a bunch of hardware that everyone else would be dumping.

Yes, these units are not available yet, but unless you have real and concrete proof that they are not coming out of at least one of the 4 vendors who are working on them, then you really should not talk with such certainty.

[lightlord]

You probably didn't read the whole OP.
He needs the money, and he needs it NOW, those mining ASIC's are fairy tales, eveybody believes that it's real, but no one has seen one at all.

Actually I have read the entire post carefully. He hasn't done any research, and just forked out $10,000 without planning. That's a #@&! Load of Money, Plan next time!

ASIC Aren't fairy tales, butterfly lab has honored the last device, and they will continue to do so.

[fgervais]

LOUD FONT FORMATING IS FUN TO DO BUT ANNOYING TO READ

[lightlord]

LOUD FONT FORMATING IS FUN TO DO BUT ANNOYING TO READ

Sometimes to get your point across, you need a little knocking on the head  

Besides I haven't included yellow fonts, those are the most annoying to read!

[fgervais]

LOUD FONT FORMATING IS FUN TO DO BUT ANNOYING TO READ

Sometimes to get your point across, you need a little knocking on the head  

Besides I haven't included yellow fonts, those are the most annoying to read!

To be honnest I did the whole thing randomly, and god damn is it annoying to read lol.

[lightlord]

LOUD FONT FORMATING IS FUN TO DO BUT ANNOYING TO READ

Sometimes to get your point across, you need a little knocking on the head  

Besides I haven't included yellow fonts, those are the most annoying to read!

To be honnest I did the whole thing randomly, and god damn is it annoying to read lol.

I was trying to read your reply, and the yellow fonts hurt my eyes 

[jasinlee]

Talk nerdy to me.

[DarkHyudrA]

I know that one day those ASIC's will come out, but until then, they're are faity tales, and you can't prove wrong.
This is some discussion like if God is real, there is no proof of existence, but most believe in it.
And saying to how to correct the past doesn't help anyone. Focus on saying something that really helps, fontlord... err, I mean lightlord.

[lightlord]

I know that one day those ASIC's will come out, but until then, they're are faity tales, and you can't prove wrong.
This is some discussion like if God is real, there is no proof of existence, but most believe in it.
And saying to how to correct the past doesn't help anyone. Focus on saying something that really helps, fontlord... err, I mean lightlord.

False, they are ATM working on prototypes, and by definition prototypes aren't fairy tails, You can feel them with your hand.
Fairy tails you can't see, touch, etc.

Btw its *fairy* and not *faity*

[DarkHyudrA]

I know that one day those ASIC's will come out, but until then, they're are faity tales, and you can't prove wrong.
This is some discussion like if God is real, there is no proof of existence, but most believe in it.
And saying to how to correct the past doesn't help anyone. Focus on saying something that really helps, fontlord... err, I mean lightlord.

False, they are ATM working on prototypes, and by definition prototypes aren't fairy tails, You can feel them with your hand.
Fairy tails you can't see, touch, etc.

Btw its *fairy* and not *faity*

Prototypes are things that are claimed to exist on closed doors that you CAN'T SEE NEITHER TOUCH.
The company says that, you just believe, like *Minor Edit here* Genesis on The Bible.

BTW it's *tales*, not *tails*

[lightlord]

Prototypes are things that are claimed to exist on closed doors that you CAN'T SEE NEITHER TOUCH.
The company says that, you just believe, like *Minor Edit here* Genesis on The Bible.

BTW it's *tales*, not *tails*

You are implying that every single ASIC company is a fairy tale.
Even if there are over 10 or so. I don't know the exact number.
But I have seen several and due to the difficulty increase
its more then likely that some people are already running a few
to earn some cash on the side. That is working types and
not fairy tales.

BTW you have splice comma. *that, you...*

Sources:

http://en.wikipedia.org/wiki/Comma_splice
http://www.utoronto.ca/ucwriting/commasplice.html

[DarkHyudrA]

Prototypes are things that are claimed to exist on closed doors that you CAN'T SEE NEITHER TOUCH.
The company says that, you just believe, like *Minor Edit here* Genesis on The Bible.

BTW it's *tales*, not *tails*

You are implying that every single ASIC company is a fairy tale.
Even if there are over 10 or so. I don't know the exact number.
But I have seen several and due to the difficulty increase
its more then likely that some people are already running a few
to earn some cash on the side. That is working types and
not fairy tales.

BTW you have splice comma. *that, you...*

Sources:

http://en.wikipedia.org/wiki/Comma_splice
http://www.utoronto.ca/ucwriting/commasplice.html

The companies aren't fairy tales. I claim that their products are.
I'm not saying that they gonna scam everybody, I'm just saying that, today, those f*cking chips doesn't exist.

BTW English isn't my native language, so I don't give a shit about it.

[Fjordbit]

The companies aren't fairy tales. I claim that their products are.
I'm not saying that they gonna scam everybody, I'm just saying that, today, those f*cking chips doesn't exist.

Sure, they don't exist. But you can't plan a business on the hope that they will continue to not exist. There is every indication that this guy's investment in his GPU rigs won't generate 18 cents/day (factoring power cost) within a few months. Running around comparing ASICs to mythological beings is hazardous to other people's ability to make smart decisions with their money. No one is genetically engineering fairies right now, but people are designing ASIC processing machines.