Loan? | Bitcointalksearch.org

Falcon98

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Quote from: Light on July 15, 2014, 03:05:33 AM

Quote from: Falcon98 on July 14, 2014, 02:50:06 PM

Can you tell me more about why its dumb? ;P I don't know , will I kill it ?

It's dumb because the reward your getting is extremely small compared to your cost. First off Nvidia cards make poor miners (even when GPU mining was viable) and the hash rate you'll generate is going to be so small you'll be lucky to make a few cents in a week running your card at full blast the whole time. With that kind of workload you'll probably overheat/brick the card giving you a lot of hassle for at best a few bucks.

yeah , I read a little more about this and it is completely true...it's very dumb to just mine for a few cents a week risking killing you gpu that will cost me a hundred bucks to repair or even more Tongue

I'll keep on with cpu mining new altcoins and sell it when its more worth. depends.

Light

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Circa 2010

Quote from: Falcon98 on July 14, 2014, 02:50:06 PM

Can you tell me more about why its dumb? ;P I don't know , will I kill it ?

It's dumb because the reward your getting is extremely small compared to your cost. First off Nvidia cards make poor miners (even when GPU mining was viable) and the hash rate you'll generate is going to be so small you'll be lucky to make a few cents in a week running your card at full blast the whole time. With that kind of workload you'll probably overheat/brick the card giving you a lot of hassle for at best a few bucks.

ThomasCrowne

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★☆★ 777Coin - The Exciting Bitco

Quote from: Falcon98 on July 14, 2014, 02:58:38 AM

I'm not sure about lending btc , because Im not sure if I can pay back the loan(collateral) in time . I'm new to BTC and only have a few shares on cryptostocks(wanna buy more) .

any advice? thanks in advance!

I've got some really good advice. Avoid crypto::stocks :p

roslinpl

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Quote from: Falcon98 on July 14, 2014, 02:58:38 AM

I'm not sure about lending btc , because Im not sure if I can pay back the loan(collateral) in time . I'm new to BTC and only have a few shares on cryptostocks(wanna buy more) .

any advice? thanks in advance!

If you are anyhow IT related there's a bunch of people who search to hire someone to do some kind of a job... A logo ... script ... web page ... and not only.

Look everyday in here: https://bitcointalk.org/index.php?board=52.0

and here: http://www.reddit.com/r/Jobs4bitcoins

Just remember that if you will find suitable payable task for yourself you need to think for who do you work and will he pay. So best method is ask for an escrow or negotiate to pay 50% upfront 50% after a job.

It all depends on you. If someone don't want to use an escrow and don't want to pay upfront - he want to scam you (99% chances) - so be aware.

Believe me it will change your life!

PS. And if you don't have $1000++ stop thinking about Cex.io ... and when you will have >$1000 don't even think about Cex.io.

What I mean is - if you want to mine and you have few $100 - stop thinking about mining. Start thinking how to earn and became a miner (and buy a rig)

Good luck and kind regards.

Falcon98

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Can you tell me more about why its dumb? ;P I don't know , will I kill it ?

byt411

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Quote from: Falcon98 on July 14, 2014, 02:39:25 PM

Neh , I have decided to keep away from lendings. btw , is it dumb to mine with my gpu , Nvidia 740m?

Yes, it is very dumb to do so.

Falcon98

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Neh , I have decided to keep away from lendings. btw , is it dumb to mine with my gpu , Nvidia 740m?

Sydboy

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don't take a loan out to buy mining equipment is the best advice, not that you mentioned mining but i thought i would anyways lol.

don't take out a loan for anything on second thought. a lot of people got caught out when the price went from $200 to $1400. You need to ask yourself that. i.e if i borrow 3 bitcoins @ 600 each could I afford to repay if they went to $2000 each, as an example.

Falcon98

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Aha , nice idea ! Cheesy

byt411

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You can use cryptostocks shares as collateral.

Falcon98

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Yeah , it will take way to much time to repay if I loan any btc.

DRK

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You shouldn't invest more you can afford to lose (or repay)... in this case you're taking a loan and assuming you have no collateral (or you'd just risk that instead) the risk will be with the lender. Integrity and honesty aren't enough for a loan. If you need the BTC, earn them.

Falcon98

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Thanks for the reply Sydboy. So people aren't honest in this Lending section? Im looking into using the btc for an investment. buy more shares , trade etc. Wanna make profit. Cex.io can be a thing. Grin

Sydboy

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do you want the bitcoins to hold as investment, gamble or to buy something ?
you are probably one of the first people to say they might not be able to pay back haha.
you have integrity and are honest. good attitude to not just want, nice to see some people are stll civilized

Falcon98

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Well , gotta wait for Jr. Member status Grin

waterpile

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Try joining sig campaigns like mine they are accepting newbie. Better yet buy BTC its the fastest way to get it

Falcon98

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I'm not sure about lending btc , because Im not sure if I can pay back the loan(collateral) in time . I'm new to BTC and only have a few shares on cryptostocks(wanna buy more) .

any advice? thanks in advance!

Topic: Loan? (Read 1098 times)