[Repaid] Looking to invest in some mining equipment (~120 BTC)

[NothinG]

After watching for a long time; I've decided I want to get into the whole mining business.

The only problem I'm having right now is the guts to take a full $633 out of my bank at once.
I've got 20 BTC worth sitting in Dwolla right now, and am taking out of my bank another 20 BTC worth next week.

After that, I'll be able to easily pull at least 15-20 BTC every week from my bank without messing up my account too much.

The way I see it is, I can repay a 120 BTC loan off... ( I don't expect a 1:1 loan, this is just a 120 time-frame ).

40 BTC @ 3/21/12
16 BTC @ 3/28/12
16 BTC @ 4/4/12
16 BTC @ 4/11/12
16 BTC @ 4/18/12
16 BTC @ 4/25/12

I know I can't really make my money back in a timely fashion, I just want to mess around with the board itself.

http://www.butterflylabs.com/product-details/

So, would anyone be willing to work this out?

[1713893119]

1713893119

[NothinG]

PM'd

Replied.

[molecular]

why not simply invest in a miner or managed fund on http://glbse.com? You can start investing with as low as BTC 0.20 and earn your first dividends within a week.

I'm invested in these: FPGA.contract, MergedMining, BMMO, JLP-BMD, M.ETF

[NothinG]

why not simply invest in a miner or managed fund on http://glbse.com? You can start investing with as low as BTC 0.20 and earn your first dividends within a week.

I'm invested in these: FPGA.contract, MergedMining, BMMO, JLP-BMD, M.ETF

I've invested in the FPGA.contract, but I honestly just wanted a small rig of my own.

[mila]

I've invested in the FPGA.contract, but I honestly just wanted a small rig of my own.

I traded bitcoin for mining shares in two waves (in glbse). first some play money to see how it works (and how it does not)
followed by my rig fund after talking to a friend of mine who is mining and deciding I don't want a rig anywhere near me.

my list why not to mine in person but rather join a collective and buy in via shares
- they are noisy (GPUs)
- lot of work to setup and tweak
- they require monitoring & interventions

good luck & thanks for strengthening the network!

... on http://glbse.com? You can start investing with as low as BTC 0.20 and earn your first dividends within a week.

and if you invest .20 btc, collect dividends for 3 years to reach .50 btc withdrawal limit?

[Eveofwar]

I've invested in the FPGA.contract, but I honestly just wanted a small rig of my own.

I traded bitcoin for mining shares in two waves (in glbse). first some play money to see how it works (and how it does not)
followed by my rig fund after talking to a friend of mine who is mining and deciding I don't want a rig anywhere near me.

my list why not to mine in person but rather join a collective and buy in via shares
- they are noisy (GPUs)
- lot of work to setup and tweak
- they require monitoring & interventions

good luck & thanks for strengthening the network!

... on http://glbse.com? You can start investing with as low as BTC 0.20 and earn your first dividends within a week.

and if you invest .20 btc, collect dividends for 3 years to reach .50 btc withdrawal limit?

And then get hit with the withdraw fee

[finway]

Buy a LargeCoin ASIC miner.

[molecular]

Buy a LargeCoin ASIC miner.

To save the glbse withdrawal fee?

Seriously: put $30,000 to finance these guys' ASIC setup (if real) only to see the price of their ASIC miners drop sharply later this year, respectively see hashing power rise to new highs because these guys now have ASIC on the cheap? My tip: don't be an early adopter in this case

[mila]

I've invested in the FPGA.contract, but I honestly just wanted a small rig of my own.

my list why not to mine in person but rather join a collective and buy in via shares
- they are noisy (GPUs)
- lot of work to setup and tweak
- they require monitoring & interventions

All true, but it's also a lot of fun !

and it's dangerous, just like real mining
http://www.bitcoinminingaccidents.com/?p=271 Bitcoin Miner Who Reported Brain Damage Tells All

[NothinG]

BTC 120 are on their way

Conditions for this second part:

    . Loan principal = BTC 120
    . Interest rate = 15.0% per 30 days
    . Payable back 30 days after loan is granted
    . No partial installments accepted, but one shot early repayment is OK
    . Amount to pay back on April. 13th will be BTC 120 (principal) + BTC 18 (interests) = BTC 138 (total)
    . Please pay back at 1HYMB9gQmqGUb8DcxbURin5FchZKBrRWuV

I've received 120 BTC and will honor payment of 138 BTC on April 13th.

[SgtSpike]

I'll vouch for NothinG for a loan as well.  I've had good dealings with him in the past.

[NothinG]

I'll vouch for NothinG for a loan as well.  I've had good dealings with him in the past.

Thanks, bro! =)

[NothinG]

$700 USD requested withdraw from by bank to Dwolla should be done in 3-5 days (probably 5-7 because my bank may ask questions).
There is an extra $50 USD in Dwolla for any BTC swings that may occur.

[NothinG]

Repaid Early. Sorry, I've got stuff to do Friday.

TX: 54507f618dc10c5e0daedebe807b92ed53e774ee9610291556246a2d7d42d986

Paid Back: 138 BTC + 2 BTC Gratuity = 140 BTC.