Topic: 1600BTC loan + 20% interest over 6 months. - page 2. (Read 3175 times)

Less than 2000BTC.

Bump. I'm still looking for lenders, even for smaller amounts.

Thank you for your input, but I am pretty determined to do this. I feel that I am in a relatively good position to be able to invest and mine on a large scale quite successfully, and I want to take advantage of that.

Consider 2 factors: First, when the first BFL pre-orders were placed, the price in USD per BTC was half of what it is today. This means twice as many BTC were spent to purchase BFL's hardware, which means I only have to mine half as may BTC to break even. Second, as I mentioned but didn't go into any details, I am asking for this loan now because of the opportunity to purchase hardware with the best performance/cost (GHs/USD) ratio to date (50% above what any BFL hardware makes).

So these two facts(a very high GHs/USD ration and a 2x USD/BTC ratio) make for now to be a very appealing time to invest in mining equipment. That's why I'm asking for this loan now, not 3 months ago when BFL announced their ASICs. You couldn't have gotten 1TH/s of hardware for < 2000BTC (I believe a SC MR was ~3400BTC). So no, while I won't be making bank for the 1st month like the first of BFL's preorders, I plan on being MORE profitable in the long term by starting out with a lower financial investment, and keeping low maintenance costs. I mentioned I have the access to be able to power, connect to the network, and air-condition these ASICs for next to nothing (literally pennies a day).

you may not want to hear this but there is QUITE a few mining contracts doing exactly the same thing you plan to be doing, I would take a long hard look at the competition with their own ASIC preorders from BFL before even thinking of continuing this with your own money, let alone anyone elses.

Hello. I'm looking for a 2000 1600BTC loan, to be repaid back in about 6-8 months. I'm looking to purchase mining equipment, somewhere in the vicinity of 1-1.1TH/s.

To a potential lender: I can provide any personal details you may want about me: job, address, photo ID, etc. I'm planning on making 4 monthly payments for 30% of the initial loan, starting at the beginning of 2013, totaling 120% repayment.

I already have some BFL ASICs on preorder, but I want to invest heavily into ASICs from a variety of manufacturers, for diversity's sake. I will mostly focus on BFL and bASIC hardware, and maybe some Avalons. I have a family member and an old colleague that run a small data center about 10 minutes away from me, and they have said I can run them there, with unlimited free power and a 100mb internet connection, for a very small (tiny) fee.

I am in an excellent position to set up a large farm, but I am just missing the funding. I have done several deals here on the forums, and have several people that can vouch for me. Please PM me, and see what we can work out. Thanks.