Topic: Loan for ASICs - page 2. (Read 2426 times)
Are you allowed to offer an investment to the public? I thought you wrote something about it being illegal.
Both of your 2)'s conflict. If ASICs are vaporware, who eats the loss?
Look into reformating as mining bonds, as is it makes little sense to invest in this.
Look into reformating as mining bonds, as is it makes little sense to invest in this.
The lender eats the lost if ASICs are vaporware. That is the whole purpose for me deciding to do this. I could just purchase the ASICs myself otherwise. They can mitigate their losses by having multiple lenders join them. Not a conflict at all, but I should have made that more clear. Not going to reformat these into mining bonds, as that would be issuing securities. I am not in any way going to be involved in the mess that comes with issuing securities. This is a loan.
I have now had several people contact me about being interested in this. All seem to have different reasons for doing so, and some I didn't even think of. So for various reasons, not all financial, it does make sense to invest in this. We just disagree on your last point.
Both of your 2)'s conflict. If ASICs are vaporware, who eats the loss?
Look into reformating as mining bonds, as is it makes little sense to invest in this.
Look into reformating as mining bonds, as is it makes little sense to invest in this.
Terms:
1) You loan me the amount necessary to purchase one or multiple ASIC(s).
2) Once I receive the ASIC I immediately begin mining with it. The first 100% of the amount the ASIC(s) earn, up to the amount you loaned, will be sent to you. (Revenue not profit. I will eat the electricity cost, as it is pretty cheap here anyway.)
3) Once paid off, for the life of the ASIC I will send you 10% of the profits earned by the ASIC(s) weekly.
4) If the ASIC is ever sold, I will then send you 10% of the liquidation amount of the ASIC(s).
So the way the return on this investment works is 1) Full repayment of your loan; 2) 10% of the earnings weekly; and 3) 10% of the liquidation amount.
There are two areas of risk for the investor:
1) ASICs are a scam and never ship. You lose your investment. This is why I am making this proposal. I want to get into ASICs, but also want to mitigate my risk, and am willing to pay to do so.
2) I'm a scammer. Not very likely for two reasons: 1) I've built a solid reputation online; and 2) If I were to get caught scamming, I do not believe the legal profession would look very kindly on one of its own doing so, and there would be harsh consequences.
This is just an outline of the proposal. For anyone that is interested, I have an actual contract with full details. (The full details are just be more in depth, but fully comply with the terms of the above outline, unless we agree on other terms.)
Why not just buy an ASIC yourself? People this might be a good investment for include:
1) Those who do not have the full amount to purchase an ASIC (I am willing to split this up into multiple lenders);
2) Those who wish to mitigate their risk of ASICs being a scam and never shipping (by grouping with multiple lenders);
3) Those who have high electricity rates; and
4) Those who do not want to manage the operation themselves
5) You live overseas, and the time for shipping, customs, and excess cost make the purchase of ASICs unfeasible for yourself.
Feel free to pm me if you're interested as well.
1) You loan me the amount necessary to purchase one or multiple ASIC(s).
2) Once I receive the ASIC I immediately begin mining with it. The first 100% of the amount the ASIC(s) earn, up to the amount you loaned, will be sent to you. (Revenue not profit. I will eat the electricity cost, as it is pretty cheap here anyway.)
3) Once paid off, for the life of the ASIC I will send you 10% of the profits earned by the ASIC(s) weekly.
4) If the ASIC is ever sold, I will then send you 10% of the liquidation amount of the ASIC(s).
So the way the return on this investment works is 1) Full repayment of your loan; 2) 10% of the earnings weekly; and 3) 10% of the liquidation amount.
There are two areas of risk for the investor:
1) ASICs are a scam and never ship. You lose your investment. This is why I am making this proposal. I want to get into ASICs, but also want to mitigate my risk, and am willing to pay to do so.
2) I'm a scammer. Not very likely for two reasons: 1) I've built a solid reputation online; and 2) If I were to get caught scamming, I do not believe the legal profession would look very kindly on one of its own doing so, and there would be harsh consequences.
This is just an outline of the proposal. For anyone that is interested, I have an actual contract with full details. (The full details are just be more in depth, but fully comply with the terms of the above outline, unless we agree on other terms.)
Why not just buy an ASIC yourself? People this might be a good investment for include:
1) Those who do not have the full amount to purchase an ASIC (I am willing to split this up into multiple lenders);
2) Those who wish to mitigate their risk of ASICs being a scam and never shipping (by grouping with multiple lenders);
3) Those who have high electricity rates; and
4) Those who do not want to manage the operation themselves
5) You live overseas, and the time for shipping, customs, and excess cost make the purchase of ASICs unfeasible for yourself.
Feel free to pm me if you're interested as well.
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