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Author Topic: 2 Btc Loan  (Read 1405 times)
Trini8ed (OP)
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December 06, 2013, 01:52:56 PM
Last edit: December 21, 2013, 04:10:24 AM by Trini8ed
 #1

Right now I currently have 3 5970's and 2 5870's mining alt coins and I happen to have around a case I built for GPU mining for bitcoins several years ago. I want to fill it with 7 gpu's, 7950's. I currently have been making around 60$ a day with what I have currently. I get around 3000 khash at the moment. I will be giving personal information to whoever does take up this loan. phone number address name facebook etc... If there is a problem for whatever reason I have plenty of things I can sell to finish paying the loan if this doesn't work out and sell the cards if necessary. This would be over 6 months with a 10% interest rate.

I do have 340,000 Dogecoins in collateral.


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December 06, 2013, 05:38:51 PM
 #2

If you've been mining ~$60 daily in altcoins, why don't you use those as collateral?
Trini8ed (OP)
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December 06, 2013, 06:10:57 PM
 #3

I just got the 5970's as of like 2-3 days ago

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December 06, 2013, 09:14:16 PM
 #4

I just got the 5970's as of like 2-3 days ago

You don't need a loan.  You need patience.

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Trini8ed (OP)
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December 06, 2013, 09:21:49 PM
Last edit: December 06, 2013, 09:33:02 PM by Trini8ed
 #5

I guess your right I just want to get more mining now while I can before it becomes unprofitable. Made the same mistake with bitcoins a years ago don't want to make the same mistake again and this time don't sell the bitcoins...

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December 06, 2013, 10:25:13 PM
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I guess your right I just want to get more mining now while I can before it becomes unprofitable. Made the same mistake with bitcoins a years ago don't want to make the same mistake again and this time don't sell the bitcoins...

Well that's your fault.
What if the difficulty suddenly goes up right after you get your miner?  Roll Eyes
That's pretty much what your telling me, because you can get the 0.5 bitcoins easily after a week and a half.  Do you expect that to make a huge difference?

BTCjam is a scam, for scammer, by scammers. 
Trini8ed (OP)
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December 06, 2013, 10:52:20 PM
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I guess your right I just want to get more mining now while I can before it becomes unprofitable. Made the same mistake with bitcoins a years ago don't want to make the same mistake again and this time don't sell the bitcoins...

Well that's your fault.
What if the difficulty suddenly goes up right after you get your miner?  Roll Eyes
That's pretty much what your telling me, because you can get the 0.5 bitcoins easily after a week and a half.  Do you expect that to make a huge difference?

BTCjam is a scam, for scammer, by scammers. 

Well I was just thinking that if I got this miner up next week I could get at least 1.2 btc a week easily guaranteed for at least month. I just want to get as much mining in as I can before It becomes not very profitable in a few months and If the difficulty does for some reason go to an extremely unprofitable difficulty I can just sell the hardware.

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December 08, 2013, 09:58:04 PM
Last edit: December 21, 2013, 04:10:42 AM by Trini8ed
 #8



Picture of the 5970's going hard.

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Trini8ed (OP)
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December 21, 2013, 04:11:09 AM
 #9

Bumping this

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December 21, 2013, 04:21:07 AM
 #10

3 5970s on a single 1KW PSU? What model PSU if you don't mind me asking? And are you overclocking them? (Sorry, just am curious seeing that.)
Trini8ed (OP)
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December 21, 2013, 04:25:26 AM
 #11

3 5970s on a single 1KW PSU? What model PSU if you don't mind me asking? And are you overclocking them? (Sorry, just am curious seeing that.)

they only pull 1050 watts from the wall overclocked and then times that by the .8 for efficiency and you get the acutal wattage and its like 840 or so, the psu can handle it just fine.

Would like to add I got the motherboard and the cpu for the unit today.


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December 21, 2013, 03:53:47 PM
 #12

340,000 Dogecoins are only worth $175.

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Trini8ed (OP)
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December 21, 2013, 09:54:08 PM
 #13

340,000 Dogecoins are only worth $175.

Some collateral is better then none, and and damn wish I sold them yesterday didn't think they would be at .00000068 today.

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December 22, 2013, 01:24:37 AM
 #14

340,000 Dogecoins are only worth $175.

Some collateral is better then none, and and damn wish I sold them yesterday didn't think they would be at .00000068 today.

No, that really isn't a collateral then.  Why don't I just ask for 21Million bitcoins when I only provide 0.01 BTC?  Some collateral is better than none. 
I'm pretty sure my lender would still be pretty pissed.
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December 22, 2013, 03:01:36 AM
 #15

340,000 Dogecoins are only worth $175.

.25 btc with of dogecoins is

Some collateral is better then none, and and damn wish I sold them yesterday didn't think they would be at .00000068 today.

No, that really isn't a collateral then.  Why don't I just ask for 21Million bitcoins when I only provide 0.01 BTC?  Some collateral is better than none. 
I'm pretty sure my lender would still be pretty pissed.

.25 btc worth of dogecoins is at least 12% of this loan. It was 25% yesterday didn't see it went down then. That's an overexageration.

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