It's for a time sensitive purchase. I'm mining in a pool receiving 2-3 BTC a day (which is plenty enough to have the payment in 14 days). I also have a dedicated mining rig on the way in which will be installed my spare 5830 (so another 2-3 BTC/day). My average has been 2.38 BTC/day in the pool http://www.bitcoinpool.com/user.php?u=Distribution
. However, that includes the couple of days the pool was attacked and I had to mine in other pools. It also includes the two days that I OC'd my GPU too much and it crashed. If it came down to it, I would make sure I have the BTC through a cash purchase.
Ok, I think I'll accept; PM me the address you will receive at.
If you are willing, would you mind repaying a bit over time from your mining activity instead of all at once after two weeks? If I see a little bit coming in every few days I'll be more comfortable.
Not trying to question your intentions or anything like that, this is just my first such loan and I want it all to go smoothly.
How about this: I'll pay you 2 BTC with the option to pay it off in one week (on the 7th day) at 33 BTC. After that, if I don't take the 33 BTC option, I will continue paying the 2 BTC a day with the remainder of the 35 at the end. Or if you would rather just take the 35, I could do like 1 BTC a day with the remainder being paid off on the last day. I just wouldn't feel comfortable promising an equal share daily.
That was quick.
Pity, I would have loaned that much, to a forum member with your history, for 32 bitcoins in two weeks.
5 bitcoins interest is about 16% in two weeks, or an APR over 400%, roughly ten times the inflation rate.
Even 2 bitcoin would have been a harsh rate of about 6% in two weeks, or over 150% APR.
We need a bitcoin version of Prosper.com for a short term bitcoin credit market, as it seems we really are approaching the point that is viable.
I knew it was high, but I wasn't sure at what price someone would loan to me. I may be a fairly well established forum member, but I have no trust history.