Topic: Loan request for mining equip Closed - Complete - page 2. (Read 2754 times)
I actually dont remember the first amount, the current one was 40, patrick can probably tell you though, he has my permission. And yes, I work, I am employed by the phone company. I have the loan setup for 4 months due to my tax return coming in in January, if something comes up and I dont have liquidity at the time, I will turn around and pull it from my tax return which is generally around 8-12k.
Could you mention the sizes of the loans you had from Patrick? Regarding this information and the availability of an ID or passport together with a proof of residence like gas / electricity / telephone bill, i would fund 50 to 100 BTC. Rate would be 10% per month.
Edit: Hm, just read it again, and you mention 4 months. That a long time and ASICS / FPGAS / half-btc-per-block things might "rise the difficutly". Do you have other income, too? So I could be sure that you can pay off your debts even in case your "project" doesnt work out as planned?
Edit: Hm, just read it again, and you mention 4 months. That a long time and ASICS / FPGAS / half-btc-per-block things might "rise the difficutly". Do you have other income, too? So I could be sure that you can pay off your debts even in case your "project" doesnt work out as planned?
Any equipment that would be obsolete once the asics start to ship will be moved to alternate currencies, there are several worthy ones up and coming.
You have heard of merged mining, right?Yes, but I do not want a bunch of down time in the off chance that BFL decides to take their sweet time with shipments. I would like to be working in the interim. Also, I will probably be supporting devcoins on merged mining.
I had 2 loans with him for my previous project, which is now finished, the first loan is repaid, second one is to be repaid on the 18th.
Any equipment that would be obsolete once the asics start to ship will be moved to alternate currencies, there are several worthy ones up and coming.
You have heard of merged mining, right? Patrick - one closed loan from patrick already
Does this mean you've had a loan from patrik and repaid, or, he's agreed to loan for this an anonymous amount/rate?
Can you please tell us more about your mining operation?
What kind of equipment are you looking into?
What pool are planning to mine with?
What kind of equipment are you looking into?
What pool are planning to mine with?
Any equipment that would be obsolete once the asics start to ship will be moved to alternate currencies, there are several worthy ones up and coming. Beyond that if it becomes necessary to liquidate the operation, I work with a computer repair company locally who will resell them as part of "complete" systems and work them into the pricing. I would be able to recoup all the cost of the gpus without an issue if not profit on them. I do not plan to move everything into asics until they are proven to be working as estimated by the BFL. Once they are I will then sell half of the gpus to cover the cost of splitting my operation into asics and fpgas.
What equipment are you seeking? If GPUs, what is your liquidation strategy?
https://bitcointalksearch.org/topic/trust-building-list-ron-gross-109203
I support this method to prove identity.
I support this method to prove identity.
After weighing pros and cons I have come to the conclusion that I would rather get loans and then promptly pay them off. I would like to secure 4 to 5 more loans to bring my total to 300 so I can get started. I would like a 4 month loan total and to work out a fair interest rate please pm me.
Current loans :
Patrick - 9/18will be paid in full, eliminating the last of my outstanding debt, this was for an unrelated project(s). Paid. No more outstanding debt.
Patrick - one closed loan from patrick already
Nebulus - 50btc - Received and confirmed. - Repaid
Eisenhower34 - 50btc - Received and Confirmed. - Repaid
Psychoticboy - 25btc - Received and confirmed. - Repaid 5ea31cabe4f623df44d2a514aeba94c214726b61f26437f75a871cf96b44bcf02012
I will continue to save from my mtgox trading account so eventually I will have all the btc on my own, but would like to do this faster so PM me with questions or reply here. I will of course accept more as it would only speed up the mining operation process, but this should cover all the initial costs.
I will operate at a loss untill all lenders are paid which is why I have posted 4 months, that is what my estimates put the timeline at currently.
Completed - Repaid.
Current loans :
Patrick - 9/18
Patrick - one closed loan from patrick already
I will continue to save from my mtgox trading account so eventually I will have all the btc on my own, but would like to do this faster so PM me with questions or reply here. I will of course accept more as it would only speed up the mining operation process, but this should cover all the initial costs.
I will operate at a loss untill all lenders are paid which is why I have posted 4 months, that is what my estimates put the timeline at currently.
Completed - Repaid.
Jump to: