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 ebayhttp://shop.ebay.in/?_from=R40&_trksid=m570&_nkw=5970&_sacat=See-All-Categories
Cost of 1000 W corsair PSU ~15000 INR & cooler master ~12000 INRhttp://shop.ebay.in/i.html?_nkw=1000+corsair&_sacat=0&_sop=2&_odkw=1000+cooler+master&_osacat=0&_trksid=p3286.c0.m270.l1313http://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.