First of all I'm not happy about having to ask for a loan, but I'm between a rock and a hard place.
This is a loan request for mining gear. With all of the risks surrounding ASIC and no prior participation in lending I don't expect much interest. Still, this is a point of moving forward or exit from the mining game for me. I want to see what my options are. Thanks for looking it over.
I am currently invested fairly well with BFL Singles as my only mining assets. My ROI is approx. 10% realized. I am not liquid anywhere close to what's needed to quickly execute BFL's trade-in offer for a 100% value credit towards BFL's next generation of SC line gear. BFL's trade-in requirement is 1:1 credit for equipment and capital.
I have a steady income, yet not enough to act as quickly as I need to secure a favorable position in BFL's order book. Any personally identifying information required to satisfy comfort level will be furnished.
I would like to check lending interest for a 1300 BTC loan for 6 months. Offers for lower amounts of BTC are appreciated and I'll explore possibilities such as selling off some Singles to match my liquidity to the trade-in requirements.
The sense of urgency for this loan is based on BFL's delivery priority schedule and the profitability curve as orders are fulfilled.
The slower BFL's output velocity the the longer the profitability curve. So, either there's good or really good profitability by being in the first month's shipments.
For any given quantity available to be shipped
1. 1/3 of quantity - By order number
2. 1/3 of quantity - Trade-in requests.
3. 1/3 of quantity - Lottery of orders placed within the month
As for 'trade-in customers should just wait.' My assumption is that BFL will have a trade-in list by order of execution/payment to drive delivery priority for criterion 2 above. Waiting 3 months very well might mean waiting an extra 3 months for shipment. This will be clarified.https://bitcointalk.org/index.php?topic=89258.msg984426#msg984426