Author

Topic: Looking to build a mining Rig (Read 776 times)

full member
Activity: 182
Merit: 100
May 27, 2013, 06:07:37 PM
#17
so is this still a possibility bruiser?
member
Activity: 68
Merit: 13
May 25, 2013, 01:56:13 PM
#16
PM'ing you... might look into doing something with you Smiley
full member
Activity: 182
Merit: 100
May 24, 2013, 01:33:30 AM
#15
I plan on mining and trading full time plus I have a side business. All I need is for some one to believe in me! I know I can make money I turned $100 into $200 yesterday just trading im sure if I had mining equipment coupled with trading I could do something

Turn that $200 into $400 today, then $800 tomorrow.  By Friday you won't need the loan.

However, if you still want it, you need collateral.  The rig itself cannot be used as collateral if it is in your possession.

I think this will take to much time and time is of the essence. ha I would put my car up for collateral its worth about 4.5G's

See, there you go! That would be perfect. This is the extent of my knowledge though... I'm not sure how the lien process works in cases like this.

I want to thank you for being mature about everything though. There's been a lot of people on the forums that get very defensive (and offensive) when they are given advice, so it's great to see someone that understands we're just trying to explain how things work. Smiley
Ha I know I had a few run ins with some dickheads. It just sucks for me right now, I'm highly educated, got a 800 credit score but cant get a loan because I don't have a taxable job on paper...Im just looking for some one to believe in me as corny as that sounds.
legendary
Activity: 1988
Merit: 1007
May 23, 2013, 06:23:44 AM
#14
I plan on mining and trading full time plus I have a side business. All I need is for some one to believe in me! I know I can make money I turned $100 into $200 yesterday just trading im sure if I had mining equipment coupled with trading I could do something

Turn that $200 into $400 today, then $800 tomorrow.  By Friday you won't need the loan.

However, if you still want it, you need collateral.  The rig itself cannot be used as collateral if it is in your possession.

I think this will take to much time and time is of the essence. ha I would put my car up for collateral its worth about 4.5G's

See, there you go! That would be perfect. This is the extent of my knowledge though... I'm not sure how the lien process works in cases like this.

I want to thank you for being mature about everything though. There's been a lot of people on the forums that get very defensive (and offensive) when they are given advice, so it's great to see someone that understands we're just trying to explain how things work. Smiley
full member
Activity: 182
Merit: 100
May 22, 2013, 07:04:09 PM
#13
I plan on mining and trading full time plus I have a side business. All I need is for some one to believe in me! I know I can make money I turned $100 into $200 yesterday just trading im sure if I had mining equipment coupled with trading I could do something

Turn that $200 into $400 today, then $800 tomorrow.  By Friday you won't need the loan.

However, if you still want it, you need collateral.  The rig itself cannot be used as collateral if it is in your possession.

I think this will take to much time and time is of the essence. ha I would put my car up for collateral its worth about 4.5G's
legendary
Activity: 1988
Merit: 1007
May 22, 2013, 09:51:17 AM
#12
I plan on mining and trading full time plus I have a side business. All I need is for some one to believe in me! I know I can make money I turned $100 into $200 yesterday just trading im sure if I had mining equipment coupled with trading I could do something

However, if you still want it, you need collateral.  The rig itself cannot be used as collateral if it is in your possession.

This right here. You can't use what you're buying with the money as the collateral. That depletes the purpose. The rig would be depreciating over time, therefore if a default happened the rig would no longer be able to fully cover the loan.

It's not to say you will default, but when people make loans like this collateral worth more than the loan is usually required (the reason people usually want more is because of the time and effort of liquidating, should it be required).
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
May 22, 2013, 08:35:20 AM
#11
I plan on mining and trading full time plus I have a side business. All I need is for some one to believe in me! I know I can make money I turned $100 into $200 yesterday just trading im sure if I had mining equipment coupled with trading I could do something

Turn that $200 into $400 today, then $800 tomorrow.  By Friday you won't need the loan.

However, if you still want it, you need collateral.  The rig itself cannot be used as collateral if it is in your possession.
full member
Activity: 182
Merit: 100
May 22, 2013, 04:46:51 AM
#10
I plan on mining and trading full time plus I have a side business. All I need is for some one to believe in me! I know I can make money I turned $100 into $200 yesterday just trading im sure if I had mining equipment coupled with trading I could do something
vip
Activity: 1316
Merit: 1043
👻
May 22, 2013, 04:30:45 AM
#9
Is anybody willing to loan me a Rig?
That is called a difficulty future.
full member
Activity: 182
Merit: 100
May 22, 2013, 04:27:29 AM
#8
Is anybody willing to loan me a Rig?
full member
Activity: 182
Merit: 100
May 22, 2013, 03:02:16 AM
#7
didn't know he was the owner
legendary
Activity: 1988
Merit: 1007
May 22, 2013, 12:31:24 AM
#6
thanks for the link are these guys trusted in the community? I have and 800 credit score and don't want my identity stolen lol

lol, you just asked the owner if he's trustworthy. That's like asking the bank robber if he's a criminal.

For all it's worth, TradeFortress and I have spoken for a little while, and based on what I've learned from him/about him, he's a great guy. Although he hasn't responded to my last pm yet.. >=)
full member
Activity: 182
Merit: 100
May 21, 2013, 11:41:36 PM
#5
thanks for the link are these guys trusted in the community? I have and 800 credit score and don't want my identity stolen lol
vip
Activity: 1316
Merit: 1043
👻
full member
Activity: 182
Merit: 100
May 21, 2013, 11:25:23 PM
#3
I would actually by all the parts and build the rig myself I would be willing to sign a contract using the Rig as the collateral/security. I'm willing to give I.D. I was thinking that I would point all my earning toward the lenders wallet until the Rig is paid off plus interest. Again I'm willing to sign a legal contract so that If anything went south as far as profitability mining, I would still be legally obligated to pay the lender. I have money coming in slowly right now but I want to mine altcoins while they are still profitable and im afraid by the time I have enough saved I will have lost out on my chance to accumulate the most coins as possible.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
May 21, 2013, 09:56:49 PM
#2
Looking for a loan that will help me purchase a mining rig I'll turn all the hashing power toward your wallet untill the coin is paid off...I have assets that we can discuss in private

So the rig would be shipped to the lenders house until the loan was paid off, then shipped to you?
full member
Activity: 182
Merit: 100
May 21, 2013, 09:32:04 PM
#1
Looking for a loan that will help me purchase a mining rig I'll turn all the hashing power toward your wallet untill the coin is paid off...I have assets that we can discuss in private
Jump to: