Need a loan for .1 btc (Yes collateral)

[jho214]

Loan Amount: 0.1btc
Time to repay:1 month more or less
Reason: Trading
Type of Collateral : Cloud mining contract from genesis mining with 7.7th btc and 30mh eth contract
Intrest amount: .0008 btc per day

Yes I’m a newbie, never thought I would end in this situation coming here to ask for a loan. The type of collateral is a cloud mining account that has a 7.7th contract that is open ended and 30 my ethereum contract that ends in August of 2019. The cloud mining company is Genesis mining if you would want to look into it.

[Vod]

Loan Amount: 0.1btc
Time to repay:1 month more or less
Reason: Trading
Type of Collareral: Cloud mining contract from genesis mining with 7.7th btc and 30mh eth contract
Intrest amount: .0008 btc per day

Yes I’m a newbie, never thought I would end in this situation coming here to ask for a loan. The type of collateral is a cloud mining account that has a 7.7th contract that is open ended and 30 my ethereum contract that ends in August of 2019. The cloud mining company is Genesis mining if you would want to look into it.

Cloud mining companies are scams.  THINK ABOUT IT - if a company could make $100 a day in mining, why would they sell it to you for $80 and let you make $20?

Close the thread before you get negative trust - if you even care...

[jho214]

Loan Amount: 0.1btc
Time to repay:1 month more or less
Reason: Trading
Type of Collareral: Cloud mining contract from genesis mining with 7.7th btc and 30mh eth contract
Intrest amount: .0008 btc per day

Yes I’m a newbie, never thought I would end in this situation coming here to ask for a loan. The type of collateral is a cloud mining account that has a 7.7th contract that is open ended and 30 my ethereum contract that ends in August of 2019. The cloud mining company is Genesis mining if you would want to look into it.

Cloud mining companies are scams.  THINK ABOUT IT - if a company could make $100 a day in mining, why would they sell it to you for $80 and let you make $20?

Close the thread before you get negative trust - if you even care...

Well, I’m not gonna close the thread because I would still need a loan, but just on a friendly level to let you know, I have broken even and even profited. I did some pretty dumb stuff with it and now I’m left asking for a loan. If you want to disaccount cloud mining account as a collateral I do not have one to offer

[Vod]

Well, I’m not gonna close the thread because I would still need a loan, but just on a friendly level to let you know, I have broken even and even profited. I did some pretty dumb stuff with it and now I’m left asking for a loan. If you want to disaccount cloud mining account as a collateral I do not have one to offer

Fair enough, but asking for a loan using a scam as collateral gets you negative trust.

I understand you don't care as this is your throw away account.  :/

[jho214]

Well, I’m not gonna close the thread because I would still need a loan, but just on a friendly level to let you know, I have broken even and even profited. I did some pretty dumb stuff with it and now I’m left asking for a loan. If you want to disaccount cloud mining account as a collateral I do not have one to offer

Fair enough, but asking for a loan using a scam as collateral gets you negative trust.

I understand you don't care as this is your throw away account.  :/

I am probably planning on not using this as a throwaway account but, I am willing to provide you proof of all my payments and profit charts  to make you think otherwise of the cloud mining business and how it is not a scam. But I wouldn’t understand why you would believe that it could be a scam, I thought the same as well when I first got into it.

[Vod]

I thought the same as well when I first got into it.

But now you believe it's not a scam?

I'll copy and paste for you - slowly - and you can tell me how it works.

THINK ABOUT IT - if a company could make $100 a day in mining, why would they sell it to you for $80 and let you make $20?

[jho214]

I thought the same as well when I first got into it.

But now you believe it's not a scam?

I'll copy and paste for you - slowly - and you can tell me how it works.

THINK ABOUT IT - if a company could make $100 a day in mining, why would they sell it to you for $80 and let you make $20?

This company makes a passive earning by charging a matinee fee, if anything my idea is that the company believes that mining will not work long term because there can only be 21 million btc mined, therefore they are able to stock up with machines lease them out let the matinee fee and pricing of contracts to be earned pay off. After mining is un profitable obviously the contracts would have to end and they are able to re sell their machines. But hey that’s my theory, I’m down to talk, not in any way a scammer, just trying to offer a collateral. I just feel like I’m being misjudged in the wrong way. Also you can tell if a company is a scam or not by accepting credit card payments. I paid with a credit card, if anything you can always get a charge back. Ones that do not offer credit card payments as a acceptance should be consider a scam. I’m as aware as you, I’m down to become a long term member and help out bust scams if that’s your things.

[condoras]

I’m as aware as you, I’m down to become a long term member and help out bust scams if that’s your things.

First of all, planning to become a long term member with first post a Loan Request, it's a joke.
If you was aware you will listen what others more (by far...) experienced members have to say and take their advices and use them.
Instead of that you try to convince them that they are ignorant or fools and you are the smart one. Ok then!

You are right, it's not a scam! Put everything you got, sell your house, your car, your organs or whatever you have and buy all the mining power.
After you been rich, in about 4-6 months as they say (i suppose so, because all the "cloud mining sites" state the same), come here and tell us in which tropical island you are and how idiots we are and a pic from you new Lambo.

Until then, enjoy your feedback and we will see you around. After all you will be here, you want to be a long term member... (From when to be an active member has term?!)

[CoinMarble]

.. The cloud mining company is Genesis mining if you would want to look into it.

Yes, I do believe in Genesis Mining before, but not anymore. I would rather buy or build my own mining machine than investing in cloud mining site. One more thing, you really need to provide a valuable and cash-able collateral to request a loan here.

[fenican]

Disagree with the statement that cloud mining companies are all scams. If I had a large GPU farm, representing a substantial capital investment, I'd jump at the chance to get a 50% return on my investment with no risk which could be done by selling people mining contracts. By contrast, if I try to do all the mining myself I am at the whim of fluctuations in the value of crypto and mining profitability. Some are scams, of course, but the business model is not in and of itself a scam.

[Starlightbreaker]

Disagree with the statement that cloud mining companies are all scams. If I had a large GPU farm, representing a substantial capital investment, I'd jump at the chance to get a 50% return on my investment with no risk which could be done by selling people mining contracts. By contrast, if I try to do all the mining myself I am at the whim of fluctuations in the value of crypto and mining profitability. Some are scams, of course, but the business model is not in and of itself a scam.

As you say it,a business model. A legally business model. Because there is no way to sell a contract if you are not verified,both you and your business.
Contracts it's serious paperwork and not so easy as you implying. The 99% of those who claim that runs a cloud mining business are scammers,imposters and liars.

BTW running a personnal mining farm it's not the same.