Requesting 500-1000 BTC Loan

[lanternblue]

Oh hi, Wnd.

que?

[1714062080]

1714062080

[jwzguy]

Request denied.

[BurtW]

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?

[lanternblue]

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.

[BurtW]

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.

[mcorlett]

Am planning to join in on the ASICS revolution

[lanternblue]

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

[Turbor]

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

[smracer]

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?

[BlackBison]

Am planning to join in on the ASICS revolution

hahahaha...too funny 

[PatrickHarnett]

Subbing, but I have something else to do (real BTC work) before providing some economics on how expensive a BFL loan actually is.

[PatrickHarnett]

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]

This dude sounds strangely like:

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

and

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

[phantitox]

Am planning to join in on the ASICS revolution

hahahahaha i almost pee with this 

[mokahless]

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]

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. 

[PatrickHarnett]

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

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]

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

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 ).

[Coinbuck @ BTCLot]

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'm not surprised  

Most scammers in here are familiar.

The ASIC joke, priceless 

[BadBitcoin (James Sutton)]

+10000