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Author Topic: Requesting 500-1000 BTC Loan  (Read 2631 times)
lanternblue
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July 05, 2012, 02:08:57 PM
 #21

Yes retarded trolls I would because that means I've been mining for a while now and have some savings. Not unlike you pretenders who post here and don't got any cash.

You might be surprised at how much cash some of the members here have got.. What we "don't got", is the need to throw money at every second person who comes here asking for a loan..

Yes greed is most certainly a possibility.
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Tomatocage
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brb keeping up with the Kardashians


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July 05, 2012, 02:50:33 PM
 #22

Oh hi, Wnd.

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lanternblue
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July 05, 2012, 03:24:18 PM
 #23

Oh hi, Wnd.

que?
jwzguy
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July 05, 2012, 03:31:02 PM
 #24

Request denied.

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July 05, 2012, 04:25:11 PM
 #25

I am very interested but I am not sure exactly what you personally bring to the table. 

From what I gather these mining rig things are just pretty much "plug and mine".  So I lend you the BTC, you deposit them at BFL, then someday in the distant future you get a rig and plug it in.

However, it seems I can just take a few thousand of my BTC, deposit them with BFL, wait, and then when they arrive I can plug them in.

Do you have any special skills at plugging things in that I do not?

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
lanternblue
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July 05, 2012, 04:26:26 PM
 #26

You go ahead and do that then buddy.

Most lenders do it to make money or because they like helping others out of financial situations.
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July 05, 2012, 04:28:44 PM
 #27

You go ahead and do that then buddy.

Most lenders do it to make money or because they like helping others out of financial situations.
Yes, I do.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
mcorlett
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July 05, 2012, 04:39:32 PM
 #28

Am planning to join in on the ASICS revolution

lanternblue
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July 05, 2012, 04:42:03 PM
 #29

You go ahead and do that then buddy.

Most lenders do it to make money or because they like helping others out of financial situations.
Yes, I do.

lol okay, so put a percentage on top and a loan duration and we'll do business
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July 05, 2012, 04:51:40 PM
 #30

You go ahead and do that then buddy.

Most lenders do it to make money or because they like helping others out of financial situations.
Yes, I do.

lol okay, so put a percentage on top and a loan duration and we'll do business say goodbye to your coins

FTFY


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July 05, 2012, 05:33:50 PM
 #31

Yes retarded trolls I would because that means I've been mining for a while now and have some savings. Not unlike you pretenders who post here and don't got any cash.

Where are you currently mining and how many GH/s do you currently have?  How much savings do you have? 

What is your plan if ASIC's don't ship until next March?

1smracer15yDLhJG27fd7GV3tegcNjtg2
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July 05, 2012, 05:42:52 PM
 #32

Am planning to join in on the ASICS revolution


hahahaha...too funny  Grin

PatrickHarnett
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July 05, 2012, 07:35:00 PM
 #33

Subbing, but I have something else to do (real BTC work) before providing some economics on how expensive a BFL loan actually is.
PatrickHarnett
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July 05, 2012, 10:53:30 PM
 #34

Someone wants a 250 coin loan for some BFL SC stuff.  A really good rate for an unsecured loan would be 2%/week.  Let's have it start at 1 July 2012.

1-Jul-2012 250 established, interest 5 coins/week.

by 9-Sep, interest has reached 6 coins/week and the balance is 304.7
by 4-Nov  interest has reached 7 coins/week and the balance is 357.1
by 23-Dec  interest has reached 8 coins/week and the balance is 410.1

And, if by some miracle BFL actually deliver, you owe 410.1BTC and need to mine at 8 coins/week just to pay interest.

40Ghash BFL SC single.
Possible network speed 30Thash (modest, about double current based on an assessment of how many MR-SC will be released). 
Difficulty 3.5M, so 40 Ghash might deliver 6 coins/day (25 coins/block)

If, more likely, you are in the queue and wait a further three months, your loan is now 510 BTC and 10 coins/week in interest.
Difficulty will be higher as all those singles will be shipped, and you're earning 20 coins/week, so payback is going to take most of 2013.


My alternative (and I am actually doing this) is not to give BFL any money until they actually have product.  I'm sticking 250 coins into my BS&T account and by the end of the year my 250 deposit is around 1000 coins.  Then I'm doing my upgrade order and waiting "4-6 weeks" delivery and as the price of coins is likely to have moved, the 250 coin cost might only be 200 (or less).  I'm still mining at 20 coins/week, but with 800 more coins in the bank.
yochdog
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July 05, 2012, 10:59:47 PM
 #35

This dude sounds strangely like:

https://bitcointalk.org/index.php?topic=88772.msg978272#msg978272

and

https://bitcointalk.org/index.php?topic=88738.msg977725#msg977725

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
phantitox
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July 05, 2012, 11:02:33 PM
 #36

Am planning to join in on the ASICS revolution


hahahahaha i almost pee with this  Grin
mokahless
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July 05, 2012, 11:03:43 PM
 #37

Am planning to join in on the ASICS revolution
If you went to a bank and told them you wanted a loan to buy a house, do you think they would give it to you immediately? Be reasonable. You need to work to show you are reliable and are legitimate. You need to give us all information on your mining experience and various other things. This includes your personal information. If you intend to do this once someone PMs you, please say this in your post. A one sentence post will get you nothing, except being called a troll or scammer.

danieldaniel
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July 05, 2012, 11:33:28 PM
 #38

Someone wants a 250 coin loan for some BFL SC stuff.  A really good rate for an unsecured loan would be 2%/week.  Let's have it start at 1 July 2012.

1-Jul-2012 250 established, interest 5 coins/week.

by 9-Sep, interest has reached 6 coins/week and the balance is 304.7
by 4-Nov  interest has reached 7 coins/week and the balance is 357.1
by 23-Dec  interest has reached 8 coins/week and the balance is 410.1

And, if by some miracle BFL actually deliver, you owe 410.1BTC and need to mine at 8 coins/week just to pay interest.

40Ghash BFL SC single.
Possible network speed 30Thash (modest, about double current based on an assessment of how many MR-SC will be released). 
Difficulty 3.5M, so 40 Ghash might deliver 6 coins/day (25 coins/block)

If, more likely, you are in the queue and wait a further three months, your loan is now 510 BTC and 10 coins/week in interest.
Difficulty will be higher as all those singles will be shipped, and you're earning 20 coins/week, so payback is going to take most of 2013.


My alternative (and I am actually doing this) is not to give BFL any money until they actually have product.  I'm sticking 250 coins into my BS&T account and by the end of the year my 250 deposit is around 1000 coins.  Then I'm doing my upgrade order and waiting "4-6 weeks" delivery and as the price of coins is likely to have moved, the 250 coin cost might only be 200 (or less).  I'm still mining at 20 coins/week, but with 800 more coins in the bank.

None of this applies to him if he doesn't plan on paying it back.  Cheesy

PatrickHarnett
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July 05, 2012, 11:42:29 PM
 #39


None of this applies to him if he doesn't plan on paying it back.  Cheesy

If I did a loan like this, the device would go to my mining escrow agent until paid.

However, there is more credit risk than simply the lender in situations like this, it's the manufacturer as well.  We're in the second half of 2012 and BFL are still working through a backlog of orders.  There is no doubt they have that product - the new one is a bit unknown.
danieldaniel
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July 05, 2012, 11:44:21 PM
 #40


None of this applies to him if he doesn't plan on paying it back.  Cheesy

If I did a loan like this, the device would go to my mining escrow agent until paid.

However, there is more credit risk than simply the lender in situations like this, it's the manufacturer as well.  We're in the second half of 2012 and BFL are still working through a backlog of orders.  There is no doubt they have that product - the new one is a bit unknown.
True, i'm a bit skeptical of BFL (which is why I haven't bought anything Cheesy).

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