Topic: 20 BTC Loan to be paid back by December (Read 1230 times)
I think it's better to order earlier than wait for me to generate/buy some myself. I would begin weekly payments of about $100 now though. That will be added to the OP.
I need a 20 BTC Loan to purchase a KnCMiner Mercury (https://www.kncminer.com/products/mercury) which is a 100 GH/s mining rig. KnCMiner has stated that all orders being paid now will be shipped in October. They also have claims to being able to ship earlier pre orders in September, as they are exiting the testing stage soon.
Collateral: I have a BFL Little Single on hand and currently hashing. If KnCMiner does turn out to be a scam, I will use this until the loan and interest is paid.
I will also provide any information needed to start the loan.
If the KnCMiner rig is received in October, I will be able to pay by December for sure. Here is my calculated math:
The bitcoin difficulty just rose from 35 million to 50 million. If it were to raise 15 million every 2 week period until the second week of october, the difficulty will be: roughly 110 million. I am essentially doubling the difficulty. After running the 100 Gh/s speed, assuming a constant $108 market price and the difficulty of 110000000 in the calculator available here: http://www.alloscomp.com/bitcoin/calculator, I will be clearing $1500. This makes paying back the loan before December 100% possible.
If an investor will be willing to risk 38 BTC to buy the next rig up (KnCMiner Saturn https://www.kncminer.com/products/saturn), I can also work something out there too. Payment would be returned in same time frame due to double the hashrate cancelling out the doubled price.
Collateral: I have a BFL Little Single on hand and currently hashing. If KnCMiner does turn out to be a scam, I will use this until the loan and interest is paid.
I will also provide any information needed to start the loan.
If the KnCMiner rig is received in October, I will be able to pay by December for sure. Here is my calculated math:
The bitcoin difficulty just rose from 35 million to 50 million. If it were to raise 15 million every 2 week period until the second week of october, the difficulty will be: roughly 110 million. I am essentially doubling the difficulty. After running the 100 Gh/s speed, assuming a constant $108 market price and the difficulty of 110000000 in the calculator available here: http://www.alloscomp.com/bitcoin/calculator, I will be clearing $1500. This makes paying back the loan before December 100% possible.
If an investor will be willing to risk 38 BTC to buy the next rig up (KnCMiner Saturn https://www.kncminer.com/products/saturn), I can also work something out there too. Payment would be returned in same time frame due to double the hashrate cancelling out the doubled price.
20 btc will cover the entire cost of the rig - you aren't even putting anything down yourself!
If someone has 20btc, they are better off buying the rig themselves. You can just run off with the coins.
I need a 20 BTC Loan to purchase a KnCMiner Mercury (https://www.kncminer.com/products/mercury) which is a 100 GH/s mining rig. KnCMiner has stated that all orders being paid now will be shipped in October. They also have claims to being able to ship earlier pre orders in September, as they are exiting the testing stage soon.
Collateral: I have a BFL Little Single on hand and currently hashing. If KnCMiner does turn out to be a scam, I will use this until the loan and interest is paid.
I will also provide any information needed to start the loan.
If the KnCMiner rig is received in October, I will be able to pay by December for sure. Here is my calculated math:
The bitcoin difficulty just rose from 35 million to 50 million. If it were to raise 15 million every 2 week period until the second week of october, the difficulty will be: roughly 110 million. I am essentially doubling the difficulty. After running the 100 Gh/s speed, assuming a constant $108 market price and the difficulty of 110000000 in the calculator available here: http://www.alloscomp.com/bitcoin/calculator, I will be clearing $1500. This makes paying back the loan before December 100% possible.
If an investor will be willing to risk 38 BTC to buy the next rig up (KnCMiner Saturn https://www.kncminer.com/products/saturn), I can also work something out there too. Payment would be returned in same time frame due to double the hashrate cancelling out the doubled price.
I would begin $100 weekly payments now though, instead of waiting for the rig to arrive.
Collateral: I have a BFL Little Single on hand and currently hashing. If KnCMiner does turn out to be a scam, I will use this until the loan and interest is paid.
I will also provide any information needed to start the loan.
If the KnCMiner rig is received in October, I will be able to pay by December for sure. Here is my calculated math:
The bitcoin difficulty just rose from 35 million to 50 million. If it were to raise 15 million every 2 week period until the second week of october, the difficulty will be: roughly 110 million. I am essentially doubling the difficulty. After running the 100 Gh/s speed, assuming a constant $108 market price and the difficulty of 110000000 in the calculator available here: http://www.alloscomp.com/bitcoin/calculator, I will be clearing $1500. This makes paying back the loan before December 100% possible.
If an investor will be willing to risk 38 BTC to buy the next rig up (KnCMiner Saturn https://www.kncminer.com/products/saturn), I can also work something out there too. Payment would be returned in same time frame due to double the hashrate cancelling out the doubled price.
I would begin $100 weekly payments now though, instead of waiting for the rig to arrive.
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