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Author Topic: [closed] Buy shares NOT  (Read 47131 times)
dishwara
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April 12, 2011, 10:02:40 PM
 #1

Hi,

Please click the link below to continue.

http://bitcointalk.org/index.php?topic=5750.msg104953#msg104953

Thank you,
dishwara.
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April 13, 2011, 03:19:54 AM
 #2

Why not sell shares in the equipment then investors can have ongoing dividends ?

That seems like a better deal imo.

You could wait till the share market is released soon and do it that way .  Smiley


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dishwara
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April 13, 2011, 06:11:02 AM
 #3

Why not sell shares in the equipment then investors can have ongoing dividends ?

That seems like a better deal imo.

You could wait till the share market is released soon and do it that way .  Smiley



I don't understand what you saying.
I now don't have anything to share, expect words.
I asked loan to buy
Quote
I need 1000 USD to increase my mining capacity , so i need to buy 1-2 5970's & pc for it.
Instead of giving money , you can also buy & send the cards yourself, rest for system configuration.
4 pci EX slot mobo with dual or quad core INTEL, 3gb ram, 150-250gb HDD, 1000 + 1000, 2 X 1000 watts cooler master PSU.
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April 16, 2011, 12:04:39 AM
 #4

3 days, no one replied.
seems telling truth make teller bad person, so everyone can avoid.
Anonymous
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April 16, 2011, 01:57:19 AM
 #5

3 days, no one replied.
seems telling truth make teller bad person, so everyone can avoid.

loaning some random guy on the internet 1000 dollars ? I dont see how that could go wrong at all!


Might want to get registered here and perform a few trades first so you can build some trust.
http://bitcoin-otc.com/viewratings.php


Here's a guide to setting it up.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

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April 16, 2011, 03:36:22 AM
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3 days, no one replied.
seems telling truth make teller bad person, so everyone can avoid.
loaning some random guy on the internet 1000 dollars ? I dont see how that could go wrong at all!

Might want to get registered here and perform a few trades first so you can build some trust.
http://bitcoin-otc.com/viewratings.php

Here's a guide to setting it up.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

http://bitcoin-otc.com/viewratingdetail.php?nick=dishwara&sign=ANY&type=RECV
http://bitcoin-otc.com/viewgpg.php?nick=dishwara
dishwara
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April 16, 2011, 12:57:18 PM
 #7

Some one please tell me what other proofs i need to add, so that i may get loan?
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April 16, 2011, 03:38:30 PM
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The way I would go about it would be to issue a number of bitcoin bonds, wait for the bitcoin stock exchange, or find interested parties locally.

Heck, try writing up a business plan and get a loan from a bank or venture capitalist

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
gpg fingerprint:DD1AB28F8043D0837C86A4CA7D6367953C6FE9DC

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April 16, 2011, 04:27:51 PM
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Stock exhcange will be available for testing later today.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
Ian Maxwell
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April 22, 2011, 10:20:21 PM
 #10

dishwara: Can't you just max out a credit card or something?

I don't really know you, so there's a big risk here. That said, I'm interested in using this as a hedge, by offering a 300 BTC loan in exchange for the greater of 300 BTC or 400 USD in 4 months, based on the Mt Gox spot price on July 31. I don't have the BTC but do have enough Mt Gox dollars to buy them.

This isn't an offer yet, just a statement of interest. How does it sound?

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dishwara
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April 23, 2011, 01:55:12 AM
 #11

dishwara: Can't you just max out a credit card or something?

I don't really know you, so there's a big risk here. That said, I'm interested in using this as a hedge, by offering a 300 BTC loan in exchange for the greater of 300 BTC or 400 USD in 4 months, based on the Mt Gox spot price on July 31. I don't have the BTC but do have enough Mt Gox dollars to buy them.

This isn't an offer yet, just a statement of interest. How does it sound?
Thanks,
I don't have credit card, have visa debit card. I doubt my bank issue me credit card.
I contact my bank & reply you.
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April 23, 2011, 02:28:37 AM
 #12

What someone suggested earlier sounded like a good idea.  That is, getting multiple people to invest in giving you the loan (shares).  I might be willing to put in as many as 100 BTC, but I doubt you're going to find someone willing to sponsor the entire 1000 BTC loan by themselves.
dishwara
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April 24, 2011, 12:42:03 AM
 #13

Getting loan from many, shared loan is really good idea.
coz it gives loaner less fear that he is giving less coins & also those who have less coins can also help.
Normally a person asks loan to some one then he repays, then asks again & if can't repay, ask to another then another then after getting loan from many, if he can't repay runaway.
It seems my first loan itself from many.
That really worries/fears me.

Besides their are other problems.
Suppose The script, you said you can give 100 BTC & you want me to repay 120 BTC, another one ready to give 200 BTC, but wants me to repay 250 BTC.
another guy says he can give 300, but wants to me repay 320 with in a month, another says with 300 loan, i can repay him after 6 months, but repay 350 BTC. another says he loan 300, but wants to be re payed daily 10 coins & total repay is 325BTC.

It will like a mess. I am ready to get loan from multiple, shared loan, but don't want to end up running, besides my mind won't allow me to run away.

Also i am seeing another bottleneck now.
With 6870, i am getting ~3 coin daily with current difficulty. If i add 1 5970, i get 270+550=~ 830 Mhash/s , ~ 10 coin per day.
If i keep 5 for electricity & internet bill & repay daily 5 means then for a month 5*30=150 coins.
If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.

Also i need now at least 1 5970 , 1 1000W cooler master PSU & 1 mobo with 4 pci ex port.
I can use the quad core intel cpu, ram, hdd,monitor,mouse, keyboard, even cabinet cooler master UPS 100.

The cost of 1 5970 is ~43000 INR in ebay
http://shop.ebay.in/?_from=R40&_trksid=m570&_nkw=5970&_sacat=See-All-Categories

Cost of 1000 W corsair PSU ~15000 INR & cooler master ~12000 INR
http://shop.ebay.in/i.html?_nkw=1000+corsair&_sacat=0&_sop=2&_odkw=1000+cooler+master&_osacat=0&_trksid=p3286.c0.m270.l1313
http://shop.ebay.in/i.html?_nkw=1000+cooler+master&_sacat=0&_sop=2&_odkw=1000+corsair&_osacat=0&_trksid=p3286.c0.m270.l1313

Motherboard cost is really confusing, except asus, coz asus don't support 2 cards correctly,
the cost at least ~15000 INR

Total= card+psu+mobo= 43000 + 12000+ 15000 = 65000 INR
65 000 Indian rupees = 1 471.275 U.S. dollars

Since i am getting bitcoin & now its going around 1.25+usd, i get good conversion.
I really don't know how to solve above things.
I have to mine, i have to earn, but have no money.
Littleshop
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April 24, 2011, 01:13:18 AM
 #14

I suggest you start small.  Are you mining now?

Get a 58XX and just put the mining earnings back into more hardware.  It will start slow but then take off. 

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April 24, 2011, 01:23:51 AM
 #15

if you really have to pay half the coins for electricity and internet, you are probably not in a viable location to do professional mining at all.
secondly, even if you are in a good location, to get profits equal to your initial investment within the first few month is very unlikely. so paying back all the investors very fast is out of the question.

if you intend to go ahead anyway, you should set the terms for the loans yourself. like for example you ask for ten loans 100btc each, payment 110btc after 6 months. or something like that.

dishwara
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April 24, 2011, 01:37:48 AM
 #16

I am mining with 6870 & now getting ~3 daily.
I said 5 btc including electricity bill, internet & also my fuel(food).
Its not the loanee who set terms, its loaner who set terms.
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April 24, 2011, 01:46:28 AM
 #17

Getting loan from many, shared loan is really good idea.
coz it gives loaner less fear that he is giving less coins & also those who have less coins can also help.
Normally a person asks loan to some one then he repays, then asks again & if can't repay, ask to another then another then after getting loan from many, if he can't repay runaway.
It seems my first loan itself from many.
That really worries/fears me.

Besides their are other problems.
Suppose The script, you said you can give 100 BTC & you want me to repay 120 BTC, another one ready to give 200 BTC, but wants me to repay 250 BTC.
another guy says he can give 300, but wants to me repay 320 with in a month, another says with 300 loan, i can repay him after 6 months, but repay 350 BTC. another says he loan 300, but wants to be re payed daily 10 coins & total repay is 325BTC.

It will like a mess. I am ready to get loan from multiple, shared loan, but don't want to end up running, besides my mind won't allow me to run away.

Also i am seeing another bottleneck now.
With 6870, i am getting ~3 coin daily with current difficulty. If i add 1 5970, i get 270+550=~ 830 Mhash/s , ~ 10 coin per day.
If i keep 5 for electricity & internet bill & repay daily 5 means then for a month 5*30=150 coins.
If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.

Also i need now at least 1 5970 , 1 1000W cooler master PSU & 1 mobo with 4 pci ex port.
I can use the quad core intel cpu, ram, hdd,monitor,mouse, keyboard, even cabinet cooler master UPS 100.

The cost of 1 5970 is ~43000 INR in ebay
http://shop.ebay.in/?_from=R40&_trksid=m570&_nkw=5970&_sacat=See-All-Categories

Cost of 1000 W corsair PSU ~15000 INR & cooler master ~12000 INR
http://shop.ebay.in/i.html?_nkw=1000+corsair&_sacat=0&_sop=2&_odkw=1000+cooler+master&_osacat=0&_trksid=p3286.c0.m270.l1313
http://shop.ebay.in/i.html?_nkw=1000+cooler+master&_sacat=0&_sop=2&_odkw=1000+corsair&_osacat=0&_trksid=p3286.c0.m270.l1313

Motherboard cost is really confusing, except asus, coz asus don't support 2 cards correctly,
the cost at least ~15000 INR

Total= card+psu+mobo= 43000 + 12000+ 15000 = 65000 INR
65 000 Indian rupees = 1 471.275 U.S. dollars

Since i am getting bitcoin & now its going around 1.25+usd, i get good conversion.
I really don't know how to solve above things.
I have to mine, i have to earn, but have no money.



You absolutely must factor difficulty growth into your model of you will be screwed.

As we slide down the banister of life, this is just another splinter in our ass.
dishwara
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April 24, 2011, 02:19:43 AM
 #18

If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.



You absolutely must factor difficulty growth into your model of you will be screwed.
FooDSt4mP
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April 24, 2011, 02:43:10 AM
 #19

If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.



You absolutely must factor difficulty growth into your model of you will be screwed.

Here's a clue: up.  Anyone who would loan you money without you at least making an educated guess is just asking to have their loan default.

As we slide down the banister of life, this is just another splinter in our ass.
fabianhjr
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April 24, 2011, 02:48:01 AM
 #20

Here's a clue: up.  Anyone who would loan you money without you at least making an educated guess is just asking to have their loan default.
Wait a second, is there a default in here? I mean, would he ship it to he loaner?

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