Topic: Large loan required: 12.5 BTC (Read 930 times)

I guess I'll just try and sort it out for myself. I doubt anyone here is going to be willing to do this thanks to the random Albanian-Zimbabwean defaulters over the years. There are other less risky machines I can invest in I guess.

Thanks to all who remotely considered it, if any.

That's almost the exact amount I would need in cash value. As you mentioned before, it would be better to pay in cash rather than get a loan if that were the case...but that's assuming I have that kind of cash laying around...and that would defeat the purpose of the loan in the first place. As far as being sent, it can be sent by whatever the lender feels comfortable with, and by what I am capable of using.

I have lurked in other sections, not the lending section. Mostly custom hardware, where information is more relevant to me. As I said, I have never been in debt before. I have never needed to be. Unless people start getting generous with their resales, I'm going to have to start asking around as I'm doing right now. People are cheap unless they're selling things sadly. I had to sell my 60 GH units for a mere $1,500 each.


My information, my contact. Your loan, your terms.

Or they could just keep their coins and buy the miners themselves, keeping 100% of the profits and the miners....

You don't seem to be offering much in terms of benefits.

If I agree to this loan, you're going to send me $9100+ USD? How will this be sent?

Edit: As a long time lurker you should know better than to ask for a loan without collateral.

I have lurked on these forums for longer than that. Cash is the only thing I can offer as collateral other than my previously stated low value coins. A loan is a faith based agreement that one party will pay the other party back. I'm not running a search engine, I'm trying to make money. It's my information and contact, not yours.

Yes, it's a shot in the dark. I don't expect an immediate 'fool' to come in and help me out. I'm not exactly begging here either. If you don't have the money, and don't want to risk it, then lend that money elsewhere. That's perfectly understandable, and I am in no position to question that. I'd rather be in debt to someone who is familiar to the mining and bitcoin world rather than someone who is not.

Let me break this down a bit for you:

Registered December 09, 2013, 10:43:16 PM  (Newbie asking for large loan already)
Asking for 12.5 BTC without collateral.  (Bad sign)
Now offers cash as collateral. (WTH??)
Why should I give you this loan without any guarantee when I could just purchase the equipment myself and keep all the profits?
IDs, passports, phone numbers, SS numbers, Skype, Mom's ID and your word means nothing.
Basically, you want someone to take all the risk and you take all the profits. One would have to be a fool to take this loan but I've seen many fools.
Ask for a local loan from a bank, family, friends or your ex. Do a car title loan, payday loan or pick up cans. If you want this bad enough you will do what it takes on your own. Earn it on your own.

It's a lot of cash that my already strained savings account probably doesn't need taken out of it. There are also certain women in my life that will complain about it.

Then you will not be receiving the loan. Without collateral you won't receive anything, no one will give their money to someone randomly on the internet just because they have written a few sentences. As long as the person who is lending thinks the cash transfer is sufficient enough then I don't see why not.

If you have the cash why not use that and save interest?

If I had a large amount of collateral, I wouldn't need a loan in the first place. I could probably do a cash transfer for the lender to hold on to though.

Large loan requires large collateral.

I'm in need of a rather large loan, and I need to have it quickly to avoid losing an important opportunity. This opportunity involves the acquisition of two November Jupiter miners. They run at around 1.3 TH/s total, a speed at which I believe I can quickly pay off any loans plus whatever interest is agreed upon. I can have the miners up and running by the 2nd.

I would use BTCJam, but their verification takes a whole business day which is time I don't believe I have. This is a public opportunity, so I do have competitors looking into purchasing the units. I would offer collateral, but I'm just starting out in the mining business (bought and sold some Avalon minis after dismal late game profits) and can't offer many valuable coins. I started out investing in infinitecoin, litecoin, and feathercoin, but they haven't really gone anywhere. I have mined a few thousand Tigers, and a few other oddball currencies. I'd like to become competitive but I can't do that without proper machines, and those are hard to come by unless you have a mountain of cash laying around or you were crazy enough to throw money at vaporware (I'm not).

I'd like to get ahead of those Neptune monstrosities before they're released, and net what I can before the difficulty increases, then switch to altcoins and exchange out. I would prefer to deal with one person in this affair to minimize payment complications; preferably someone who just happens to have a large number of bitcoins laying around. I don't want to borrow from someone who will expect an immediate repayment as mining takes time. All profits I make on the machines are yours until I have paid you off plus whatever interest you desire. I've never been in debt before, and I don't plan on staying in it for long. If things go south, I can always sell the units and recoup any losses. Or, if you prefer, I can ship them to you.

Let me know your thoughts, and perhaps we can work something out.

Thank you.