Loan Amount: 0.01 BTC
Loan Repayment: Within 24 Hours
Repayment Amount: [5%] 0.0105 BTC
Collateral: I run a few faucets, and daily mining revenue.
Each day I deposit into my faucets to keep the balances maintained, in turn I have to wait on our mining proceeds in order to fund the faucets.
This loan is to get instant funds to the faucet balance without having to wait on the mining proceeds.
In total daily I'll need 0.02 BTC, so 2x loans of 0.01 BTC is preferable.
One loan per person per day please.
Thanks!
How would you transfer the collateral to the control of the person lending you money?
Collateral is not how you'll pay someone back. Collateral is something the lender takes control of so that if you default, the lender may SELL the collateral to cut losses.
You might be better off using mining contracts (or mining rigs, depending on how you mine) as collateral on a larger loan. Without hard collateral, very few people will loan to you. No offense intended.