[FUNDED, ty] Crosby: 40 BTC loan

[crosby]

As stated, Im looking for a 40 BTC loan to purchase a video card.

I would be able to pay it back in 30 days, or I could point ~1150 Mhash at the pool of your choice until paid..


Edit:  More specifically, this unit;  http://www.wtcr.ca/catalog/product/vid-g6870-01 upon arrival will be added to the 1150 Mhash for a total of ~1450 for loan payback.

I also have another rig ~410 Mhash running now waiting on cables for 2 smaller cards bringing it up another 200 Mhash or so pending power consumption.

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[BurtW]

1150 MH/sec is less than 1 BTC per day - so how are you going to pay the loan back in less than 40 days?

[crosby]

1150 MH/sec is less than 1 BTC per day - so how are you going to pay the loan back in less than 40 days?

Hey Burt,

I have more then 1 mining rig

[grue]

So you're essentially selling a mining contract, with the added bonus that you'll get 100% of your money back? Sounds good, except you don't have much reputation here.

[Kluge]

So you're essentially selling a mining contract, with the added bonus that you'll get 100% of your money back? Sounds good, except you don't have much reputation here.

He's done a few solid transactions if you check his post history. I'd lend, but as usual, have no coins.

[senbonzakura]

As stated, Im looking for a 40 BTC loan to purchase a video card.
I would be able to pay it back in 30 days, or I could point ~1150 Mhash at the pool of your choice until paid..
Edit:  More specifically, this unit;  http://www.wtcr.ca/catalog/product/vid-g6870-01 upon arrival will be added to the 1150 Mhash for a total of ~1450 for loan payback.
I also have another rig ~410 Mhash running now waiting on cables for 2 smaller cards bringing it up another 200 Mhash or so pending power consumption.

1 BTC sent , transaction id = 79983b73da16629baf2304597f0c69e3679a8a2a935309535ee9125b43243e26 to 1Psm4dgeeneTYEZgxob2n7DxpNEvrKR9zL
payback 10/3/12

https://bitcointalk.org/index.php?topic=54048.msg780881#msg780881

[grue]

I'll make the following deal to you:

Loan amount: 10 BTC
Repayment amount: 10.5 BTC, paid via mining shares.

You will point 35% (of 1150 MH/s) of your hashing power to a pool of my choice, until you mined ((difficulty)/50)*10.5 shares.

The reason for 35% is because I want a faster repayment schedule, and you'll be adding more hash power later, and added hashing power does not count toward the 35%.

[crosby]

So you're essentially selling a mining contract, with the added bonus that you'll get 100% of your money back? Sounds good, except you don't have much reputation here.

"you're essentially selling a mining contract,"

- not exactly, nor intentionally, but you could look at it that way.

"you don't have much reputation here"

- Unfortunately, no. But I will add some pics to help show that I AM committed to bitcoin.  I could also offer about 4 BTC worth of other cryptocurrency for collateral if needed.

[crosby]

As stated, Im looking for a 40 BTC loan to purchase a video card.
I would be able to pay it back in 30 days, or I could point ~1150 Mhash at the pool of your choice until paid..
Edit:  More specifically, this unit;  http://www.wtcr.ca/catalog/product/vid-g6870-01 upon arrival will be added to the 1150 Mhash for a total of ~1450 for loan payback.
I also have another rig ~410 Mhash running now waiting on cables for 2 smaller cards bringing it up another 200 Mhash or so pending power consumption.

1 BTC sent , transaction id = 79983b73da16629baf2304597f0c69e3679a8a2a935309535ee9125b43243e26 to 1Psm4dgeeneTYEZgxob2n7DxpNEvrKR9zL
payback 10/3/12

https://bitcointalk.org/index.php?topic=54048.msg780881#msg780881

Received, acknowledged.. Thank you.

[crosby]

I'll make the following deal to you:

Loan amount: 10 BTC
Repayment amount: 10.5 BTC, paid via mining shares.

You will point 35% (of 1150 MH/s) of your hashing power to a pool of my choice, until you mined ((difficulty)/50)*10.5 shares.

The reason for 35% is because I want a faster repayment schedule, and you'll be adding more hash power later, and added hashing power does not count toward the 35%.

I have no problem paying some interest. Its the 35% I don't understand. I am willing to point 100% of one rig to any pool for fastest returns.

[grue]

I have no problem paying some interest. Its the 35% I don't understand. I am willing to point 100% of one rig to any pool for fastest returns.

I requested 35% as a minimum, in case if someone else wanted to used your mining power for payback.

Do you want the partial loan now, or until the rest is funded?

[crosby]

I have no problem paying some interest. Its the 35% I don't understand. I am willing to point 100% of one rig to any pool for fastest returns.

I requested 35% as a minimum, in case if someone else wanted to used your mining power for payback.

Ah, now I see. I use cgminer for mining, not sure if I could split hash from the bigger 1150 rig. I could however use the smaller rig @ 410+ Mhash if that comes close. It is set to grow up to around 600 Mhash very soon.

[senbonzakura]

As stated, Im looking for a 40 BTC loan to purchase a video card.
I would be able to pay it back in 30 days, or I could point ~1150 Mhash at the pool of your choice until paid..
Edit:  More specifically, this unit;  http://www.wtcr.ca/catalog/product/vid-g6870-01 upon arrival will be added to the 1150 Mhash for a total of ~1450 for loan payback.
I also have another rig ~410 Mhash running now waiting on cables for 2 smaller cards bringing it up another 200 Mhash or so pending power consumption.

1 BTC sent , transaction id = 79983b73da16629baf2304597f0c69e3679a8a2a935309535ee9125b43243e26 to 1Psm4dgeeneTYEZgxob2n7DxpNEvrKR9zL
payback 10/3/12

https://bitcointalk.org/index.php?topic=54048.msg780881#msg780881

Received, acknowledged.. Thank you.

as we agreed in pm, 2 BTC  sent to 2971f6be4bfd3f43ccf6b13c725066ccce08ded3b84c9dd1bf5ae2bc7015b34c to 1Psm4dgeeneTYEZgxob2n7DxpNEvrKR9zL

payback 13th March 2012, total 3 btc ( repayment address will be given on 13/3/12)

[MrTeal]

I don't mean to threadcrap, but that seems really, really pricy for that card. I know it's in BTC, but unless you can pick it up local NCIX has the same card for $190, plus you get a $30 MIR. At current rates that's $210 for the card at WTCR.

[hashking]

I can lend you 10 bitcoins if you return 11.5.

[crosby]

payback 13th March 2012, total 3 btc ( repayment address will be given on 13/3/12)

Confirmed, thanks again.

[crosby]

I don't mean to threadcrap, but that seems really, really pricy for that card. I know it's in BTC, but unless you can pick it up local NCIX has the same card for $190, plus you get a $30 MIR. At current rates that's $210 for the card at WTCR.

Good eye ! But do they accept bitcoin ?!? Thanks for your concerns but I have been in contact with the wtcr.ca seller who has offered a deal close enough to what I can find the card priced at my local computer store. He stated the manufacturers rebate may still be valid if I bought it from wtcr.ca. I will check with Gigabyte tomorrow to make sure however I would still be interested in the card at this point without the mail-in rebate.

[crosby]

I can lend you 10 bitcoins if you return 11.5.

Any possibility on agreeing on a lower interest ? 10% ?

[hashking]

I can loan you the 10 Btc for 30 days if you pay back 11.

[crosby]

I can loan you the 10 Btc for 30 days if you pay back 11.

Thank you, I would really appreciate that. I notice you have a lending thread. Shall I post there ?