Topic: Best way to get a loan on BTCJam (Read 814 times)
Thanks for the feedback. I'm still not sure if I want to do this or not. If I do I'll probably stick to funding an upgrade of two the four jalapeños I have on order now, since I can afford to pay that back with no problems if there are delays. I do have two early Singles orders, I thought about waiting until I can start mining with them. then I would likely be even further back on the list.
Honestly, I don't care about the APR as much (though between 5-10% would be ideal for such a loan).
The only points that matter to me are (in order of importance):
a) Reputation and payback history
b) Length of the loan
c) Loan amount desired
d) Contingency plan should more ASIC delays occur
e) APR
The only points that matter to me are (in order of importance):
a) Reputation and payback history
b) Length of the loan
c) Loan amount desired
d) Contingency plan should more ASIC delays occur
e) APR
I'm an avid lender there 6.5%-10% is the best and you'll get funded a lot quicker.
And how long is the loan for ?
And how long is the loan for ?
I offered profit sharing for large investors. 15 BTC got them 3% of one of my singles per month, until my loan was paid off. I filled in a couple of days.
Just check out the rates that people are offering for the same loan. There are several loans related to purchasing ASIC mining gear. You can use them as a guide.
I've been toying with the idea of getting a loan to upgrade 1 or more of my jalapeños. I have two Singles on order already.
What's a reasonable rate for a loan.
Let me guess lenders will say 50% and borrowers will say 2%. Is there something realistic?
What's a reasonable rate for a loan.
Let me guess lenders will say 50% and borrowers will say 2%. Is there something realistic?
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