Question

[Cyt6000]

Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupter_{Just found out they're out of stock}, and pay back 0.42 as soon as its mined? Would it be too long? Plus I only have 0.0008356BTC for a collateral  , that wouldn't quite be enough would it? Just wondering!

[Vod]

Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupter_{Just found out they're out of stock}, and pay back 0.42 as soon as its mined? Would it be too long? Plus I only have 0.0008356BTC for a collateral  , that wouldn't quite be enough would it? Just wondering!

Generally, if you want a loan for 0.42, you would need to provide at least 0.5btc of something in collateral.

[Cyt6000]

Generally, if you want a loan for 0.42, you would need to provide at least 0.5btc of something in collateral.

Alright thanks for the info

[monbux]

That's like asking if you could give me $100 and I'll pay you a few pennies.

[marcovaldo]

Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupter_{Just found out they're out of stock}, and pay back 0.42 as soon as its mined? Would it be too long? Plus I only have 0.0008356BTC for a collateral  , that wouldn't quite be enough would it? Just wondering!

Yes, if you were trusted, and had a better account...

[Magazine]

Bitcoin doesn't really count as collateral unless you was asking for something like a Litecoin loan but even there you have pretty much zero Bitcoin. Also your USB Miner will never ROI so it would be impossible to pay back.

[monbux]

Bitcoin doesn't really count as collateral unless you was asking for something like a Litecoin loan but even there you have pretty much zero Bitcoin. Also your USB Miner will never ROI so it would be impossible to pay back.

It can count lol, 0.42 loan and they send 0.50 BTC to you as collateral

[Magazine]

Bitcoin doesn't really count as collateral unless you was asking for something like a Litecoin loan but even there you have pretty much zero Bitcoin. Also your USB Miner will never ROI so it would be impossible to pay back.

It can count lol, 0.42 loan and they send 0.50 BTC to you as collateral

Haha, I will offer loans like that all day everyday.


Offering 1 BTC loans, only have to send 1.2 BTC collateral.

[nimda]

One of the things people miss all the time is this:

If your investment fails, how will you pay back the lender?

Because if you have no fallback plan, it's less risky for the lender to make the same investment himself.

[posormo]

One of the things people miss all the time is this:

If your investment fails, how will you pay back the lender?

Because if you have no fallback plan, it's less risky for the lender to make the same investment himself.

umm day job?

[Rannasha]

Would it be acceptable to ask for a 0.37BTC loan in order to buy the bit canary saphire erupter_{Just found out they're out of stock}, and pay back 0.42 as soon as its mined? Would it be too long?

Would infinity be too long? Because unless difficulty stops rising the way its doing, against all expectations, a USB Block Erupter isn't going to mine 0.5 BTC over its lifetime.

[nimda]

One of the things people miss all the time is this:

If your investment fails, how will you pay back the lender?

Because if you have no fallback plan, it's less risky for the lender to make the same investment himself.

umm day job?

Yeah right. Most of the loans in here cover amounts that should take a day or two of working at minimum wage to obtain, which is less time than BTC -> USD -> BTC takes.