How much?: I am interested in a short term loan of around 6.16 BTC.
What's it for?: The loan will to be used for the purchase of mining hardware from user ssinc's current Group Buy (https://bitcointalksearch.org/topic/closed-09-or-less-bpmc-blue-fury-27-ghs-usb-miner-ssinc-gb9-296301).
Really? ...Mining?: I realize that mining isn't really a profitable endeavor at this level especially with faster hardware always being developed. I'm not really interested in making money off mining BTC, this is more of a hobby and will likely be incorporated into an off-grid solar powered mining system as a proof of concept.
Story Time!: I have the funds to cover the purchase in USD, but the price discrepancy between BTC and USD (nearly $200 difference) is just too much for me to leave on the table. I didn't realize that buying BTC off of a site like Coinbase takes nearly a full week (2-3 Days to verify account + 3-4 Days to transfer funds), causing a slight time constraint with the Group Buy ending on or around September 26th.
Collateral (not the Tom Cruise movie): I currently have 250 LTC that I can put up as collateral.
What's in it for you? That's for you to decide, I'd obviously like to pay as little interest as possible while also dealing with someone who has an established reputation as a reliable lender.
Please reply with offers, and if I find the terms acceptable, we will work the details here.
Thanks!
Brian O'
I'm willing to trade your 6.16BTC for my 250LTC. Should I pm John K?