New loan to tkeod. I'm giving seller financing on the sale of two AntMiner S1s which are held by me as collateral until paid off.
The loan payoff address is (starting balance 0.97468)
https://blockchain.info/address/1MHEksaozf6Bz1W5Bn1Ets9ZwS1zVD9DPJOnce the balance at that address reaches the starting balance of 0.97468 plus the sale price of 1.768 (0.893 x2) plus hosting at 0.075 per miner per 14 days (due in advance, but only 0.0375 per miner for the first week) plus interest of 1% per week (due in advance), the loan will be considered paid off and the miner will be shipped to tkeod priority mail at the seller/lender's expense.
One additional AntMiner S1 previously purchased by the borrower is being held by the lender as additional collateral. Hosting for this miner is 0.075 per 14 days (due in advance), with one week of hosting already paid for. This hosting fee will be added to the loan balance starting after the first week.
The minimum payment is 0.4 BTC per week.
If loan not paid in a maximum six weeks, lender can keep the miners and any payments to date.
Initial balance of the loan is 1.87961
