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Author Topic: I'm looking to get a loan for 65btc, that will be repaid in 150 44% interest.  (Read 1381 times)
VuhNilla
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May 25, 2011, 12:44:40 AM
 #1

Thank you for any flames and responses that this stirs, and thank you for viewing, even if you decide to hit the back button.

I'm not going to lie, and say that I can offer you doubling or quadrupling of funds, I'm not going to try to justify you sinking your money into a pyramid or ponzi, and I'm not going to post up a bunch of pictures with numbers to try to sell it as a proof of concept, what I am doing is one thing...

but first, a little bit of background.

I'm a minimum wage slave, whose wages are barely enough for groceries after rent. I've been seeking a new job for 2 years, and have been going to college for 1, and I've been trying to save up money $5 a week for two months.

Why would I post about this here? Because despite the fact that most likely no one will respond, I can't think of anything else to do but ask.

I'm trying to build a mining rig, and I've priced one for about $600 (Edit: the price of the rig has been taken down to $472) with an output of 350 m/hashes/s which should pay for itself, and a second graphics card within 3 months, 4 months maximum [Edit: With lowered rig price, it will be 2-3 months] (Electricity is paid for by the landlord, so all earnings are pure profit after initial expense is paid).

What I'm asking for is a vote of confidence, and a loan of between 65 bitcoins which I will repay with 150 bitcoins after 90 days to the generous person who was willing to loan me the startup costs.

I'm willing to work with those that are willing to work with me, no matter what collateral may be required of me. (Photo ID, phone number, etc)

Any ideas that could help me, or help me earn enough for the startup, would be very greatly appreciated.

respond in this thread or via PM, however you would feel most comfortable.
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Bimmerhead
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May 25, 2011, 12:47:58 AM
 #2

1. What skills do you have that you could sell for BTC?  Programming?  Graphic artist skills?
2. I'm running a rig, and have also been speculating at MTGox.  I wish I had taken the money I have sunk into a rig and just bought btc outright.  I would be ahead by nearly a factor of 10.

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VuhNilla
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May 25, 2011, 12:53:29 AM
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1. What skills do you have that you could sell for BTC?  Programming?  Graphic artist skills?
I have an at2020 microphone that I could use for Voice overs on videos, or audio recording. Aside from that, it's basic skills.
2. I'm running a rig, and have also been speculating at MTGox.  I wish I had taken the money I have sunk into a rig and just bought btc outright.  I would be ahead by nearly a factor of 10.
Which brings me to the next reason I would like to buy a mining rig, my computer is a dell dimension 4300 with 512mb of ram max and a windows ME serial on the side. It can hardly handle youtube, and it's time for an upgrade, the mining would be icing, and a way I could repay a loan, if one would even be given.
grue
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May 25, 2011, 01:05:50 AM
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I'm trying to build a mining rig, and I've priced one for about $600 with an output of 350 m/hashes/s which should pay for itself, and a second graphics card within 3 months, 4 months maximum (Electricity is paid for by the landlord, so all earnings are pure profit after initial expense is paid).
you're overpaying for your mining rig. You should be able to build a "base" rig (MB+CPU+RAM+600W PSU) for $250. add a 5850 (400 MH/s output) at $200 max, add in some other random stuff, and the price should be around $500.

It is pitch black. You are likely to be eaten by a grue.

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VuhNilla
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May 25, 2011, 01:14:15 AM
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The rig is $560 with shipping and tax, or with rounding about $600. I'm assuming you wouldn't want to take out a loan for a mining rig to find that you are short money, and wouldn't be able to build the rig, making the loan worthless, and the interest of 50bitcoins unpayable thus making everyone angry.
grue
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May 25, 2011, 01:36:34 AM
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The rig is $560 with shipping and tax, or with rounding about $600. I'm assuming you wouldn't want to take out a loan for a mining rig to find that you are short money, and wouldn't be able to build the rig, making the loan worthless, and the interest of 50bitcoins unpayable thus making everyone angry.
can you post the specs of your rig here? $560 seems a bit high for a rig

It is pitch black. You are likely to be eaten by a grue.

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bitjet
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May 25, 2011, 04:44:41 AM
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get a pci to pci-ex16 adapter and a ATI 5850, install win7 or linux and mine. Heck you might be able to do it with ME... Its a lot cheaper than buying a whole new rig and will work just fine. If you really want to mine, be logical and do that.
VuhNilla
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May 25, 2011, 08:33:20 PM
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get a pci to pci-ex16 adapter and a ATI 5850, install win7 or linux and mine. Heck you might be able to do it with ME... Its a lot cheaper than buying a whole new rig and will work just fine. If you really want to mine, be logical and do that.
Can you link to these pci to pcie x16 adapters, I can only find pci to pcie x1 and pciex16 to pci.

@grue I've taken what you said into consideration, and since newegg ran out of the graphics card I was planning on, as well as the ram and psu, I recompiled the list, at a smaller cost of $471.40, about 65 bitcoins (Even though the startup cost is less, I am still willing to pay out 150 bitcoins in a little over 90 days to the loan giver).

also, a screencap of the updated shopping cart is included below
http://i54.tinypic.com/33ykrqs.png
tymothy
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May 25, 2011, 09:37:13 PM
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get a pci to pci-ex16 adapter and a ATI 5850, install win7 or linux and mine. Heck you might be able to do it with ME... Its a lot cheaper than buying a whole new rig and will work just fine. If you really want to mine, be logical and do that.
Can you link to these pci to pcie x16 adapters, I can only find pci to pcie x1 and pciex16 to pci.

@grue I've taken what you said into consideration, and since newegg ran out of the graphics card I was planning on, as well as the ram and psu, I recompiled the list, at a smaller cost of $471.40, about 65 bitcoins (Even though the startup cost is less, I am still willing to pay out 150 bitcoins in a little over 90 days to the loan giver).

also, a screencap of the updated shopping cart is included below



Do you really need that fancy of a mobo? I assume you already have a hard drive or a flash drive lying around and cables to connect this to your router. PM me, we can talk business.
bitjet
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May 26, 2011, 12:21:04 AM
 #10

go with a sempron 140. save 20 bucks.
grue
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May 26, 2011, 01:06:07 AM
 #11

you don't need a motherboard with enough pciex16 slots. you just need enough pcie slots, ANY will do, even x1 ones. also, get the absolute cheapest ram you can find.

It is pitch black. You are likely to be eaten by a grue.

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