Topic: Helping someone to get started with mining is good/bad for the whole community ? - page 2. (Read 1554 times)
April 10, 2013, 10:04:55 AM
Other miners may not want to help their competition.
April 10, 2013, 10:02:27 AM
1. It is good because the network will grow.
2. Taking out a loan is very risky.
Good questions...
2. Taking out a loan is very risky.
Good questions...
Yup I know they are but still unanswered.
April 10, 2013, 10:01:26 AM
1. It is good because the network will grow.
2. Taking/giving out a btc denominated loan is very risky.
Good questions...
2. Taking/giving out a btc denominated loan is very risky.
Good questions...
April 10, 2013, 09:53:51 AM
I ve seen too many guys here and everywhere asking for 'loans' so that they will be able to buy a mining rig themselves, and then pay back with interest.
I know this cuz I am one of these guys.
The bad side to this is that most of these guys (not me lol offcourse not me) are Scammers, and the reason as to why there are so many scammers in the market is simple - Bitcoins once transfered is untraceable and un reversible, there is no service or methodology (none that I am aware of) which can guarantee the return of the lender's coins ?
Keeping these factors in mind, My questions are :
Is it in the best interest of the whole mining community in helping someone buy their rig ? Or is it a bad thing considering that another new miner would add up to the difficulty & reduced shares/rewards in a pool mining situation ?
2ndly Is it possible at all for guys like me who are seriously interested in getting into the mining business with the help of LOANS from the already active miners ? If yes, what kind of interest rates would be feasible ?
I know this cuz I am one of these guys.
The bad side to this is that most of these guys (not me lol offcourse not me) are Scammers, and the reason as to why there are so many scammers in the market is simple - Bitcoins once transfered is untraceable and un reversible, there is no service or methodology (none that I am aware of) which can guarantee the return of the lender's coins ?
Keeping these factors in mind, My questions are :
Is it in the best interest of the whole mining community in helping someone buy their rig ? Or is it a bad thing considering that another new miner would add up to the difficulty & reduced shares/rewards in a pool mining situation ?
2ndly Is it possible at all for guys like me who are seriously interested in getting into the mining business with the help of LOANS from the already active miners ? If yes, what kind of interest rates would be feasible ?
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