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KWH
Legendary
 Offline
Activity: 1904
Merit: 1045
In Collateral I Trust.
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December 05, 2013, 05:02:51 AM |
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I have the opportunity to pick up 1TH of mining power for ~20 BTC.
Full disclosure on my part.
Time sensitive.
What are your reassurances? |
When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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gamer4156 (OP)
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December 05, 2013, 07:18:17 AM |
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Moral and ethical? The loaner will have my info including phone number so he can always throw me a call if the miner is not pointing the right direction.
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Tomatocage
Legendary
Offline
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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December 05, 2013, 07:44:24 AM |
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I could do this for 710 LTC collateral, in a sort of car title loan type of deal. LMK if you're interested.
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KWH
Legendary
Offline
Activity: 1904
Merit: 1045
In Collateral I Trust.
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December 05, 2013, 12:42:33 PM |
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Moral and ethical? The loaner will have my info including phone number so he can always throw me a call if the miner is not pointing the right direction.
That wouldn't work for me. You really need collateral. |
When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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gamer4156 (OP)
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December 05, 2013, 01:34:52 PM |
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Moral and ethical? The loaner will have my info including phone number so he can always throw me a call if the miner is not pointing the right direction.
That wouldn't work for me. You really need collateral. Fair enough. Hardware is still avail as of this posting. I will be leaving for work soon so any interested parties please send a PM so I get the email notification. |
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monbux
Legendary
Offline
Activity: 1736
Merit: 1024
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December 05, 2013, 09:30:56 PM |
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Moral and ethical? The loaner will have my info including phone number so he can always throw me a call if the miner is not pointing the right direction.
That wouldn't work for me. You really need collateral. Fair enough. Hardware is still avail as of this posting. I will be leaving for work soon so any interested parties please send a PM so I get the email notification. With this miner, the break even point is about 1 month according to http://www.bitcoinx.com/profit/That seems too good to be true, how long will it take before you actually get the miner in hand? A few months? And, I would be willing to but some BTC into this if you are able to provide some sort of collateral. |
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gamer4156 (OP)
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December 06, 2013, 01:58:24 AM |
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I can pick it up within hours of being funded. As for collateral if I had the ~20 BTC my self I would just fund this on my own as the ROI is huge.
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takagari
Legendary
Offline
Activity: 1050
Merit: 1000
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December 06, 2013, 02:32:41 AM |
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1TH for 20? thats what lets say 20 grand.. You can buy 2 TH preorders for 6 grand right now..
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gamer4156 (OP)
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December 06, 2013, 02:35:30 AM |
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1TH for 20? thats what lets say 20 grand.. You can buy 2 TH preorders for 6 grand right now..
This will be mining within hours of buying it. I am considering doing like a group buy for a miner and splitting the GHS per share. |
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takagari
Legendary
Offline
Activity: 1050
Merit: 1000
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December 06, 2013, 02:51:22 AM |
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So you figure you can make 14 grand back within 5 months?
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monbux
Legendary
Offline
Activity: 1736
Merit: 1024
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December 06, 2013, 02:53:13 AM |
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So you figure you can make 14 grand back within 5 months?
Well according to the bitcoin mining calculator, he can make it back in just one month, $780 USD a day. |
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gamer4156 (OP)
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December 06, 2013, 03:07:27 AM |
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So you figure you can make 14 grand back within 5 months?
Much more than that. I figure I have till the end of Feb before the difficulty shoots through the roof. Right now It will mine more than .75 coins a day ~ 750, with the next difficulty ~840m I am at about .65 coins. This should pay it self off by the end of January. |
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gamer4156 (OP)
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December 06, 2013, 02:37:12 PM |
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