Topic: Seeking Loan: Expansion of Mining Operations [Record of Past Loans] - page 3. (Read 6911 times)

All loans are on track for repayment.  The two additional R9 280x GPUs have been ordered,
as well as the mining frame. Offers are sent in for the three USB risers as well. 

An additional loan set is planned to be requested on the 10th of May which
will fund an additional expansion of 3MH/s worth of equipment in Gridseed miners.

Interest is not a huge issue for me honestly, as 5% for two week
periods isn't terrible.  Not optimal, but hardly a detriment.  

Trust for a scam is irrelevant.  Look at StackCoin and EdgeCoin, you hardly
need trust to pull a big scam in BTC.  If my goal was to scam users, it would
have made more sense to just skip town on my loan from Whirlpool for 1BTC back when
BTC was around $800.  Or I wouldn't have paid Anixs' 50% upon receiving the three R9 290X GPUs:
https://bitcointalksearch.org/topic/m.5626026

The reason is I continue expansion and various areas of work in regards to cryptocurrency is
that simply requires more funding.  I could allow my Mining Rigs to produce enough for expansion,
but that is less profitable than getting hardware a month early [by lender funds] which is fully covered plus
interest easily in obtaining hardware earlier.

Vod, I've been here for a while, not as long as you of course, but I have been reliable in all my dealings in this lending board.
All payments have been made, even though all loans are made without any collateral.  I am making the offer to even give
lenders updates to increase transparency on my part if that is what they wish. Would you prefer reliable lendees leave?  

I initially was here as a lender which worked out for the most part.  Ultimately though I realized it is more beneficial for
me to utilize funds [be they my own or lender's] because I can do more than what people are paying in interest.

Let me know if you have any further questions or if I can better accommodate lenders here on BitcoinTalk.
And if you're ever interested in earning 5%+ monthly on your funds, feel free to make a loan offer.  

Truly,
GBattaglia  

The question is why?

Are you terrible at handling money?
Are you looking to build trust just to pull a big scam?

Why do you want to keep paying interest? 

Question for current and future lenders:
I plan to continue receiving loans for various purposes here on BitcoinTalk,
so I thought I should ask lenders and see if updates are preferred.  Updates
entailing usage of funds, status of repayment, and things of that nature.

If such information is appreciated, how often should information be updated?

 

Confirmed:  I have received BTC.5 from KWH and BTC1.0 from Howzar.

Yes, that address is fine.

Just confirm that I can send 1btc to: 16LQDrFrbsKTNpB3N6Q9xG23ZRY3dCMezk

Thanks.  Let me know when I should expect to see the Bitcoin sent. 

Great, will send 1 btc ASAP.

That's agreeable, keep us posted.

Okay.  After running some figures I feel that if all maintains for the next three weeks,
your loan would be covered, Howzar.  Send payment when you are ready.

Note to investors:
While current figures show me being able to repay both of these loans on time, I would like to have a note here
regarding if something would for whatever reason delay payment.  If something like a large amount of hardware fails
or similar, then that may cause need for an extension.

If for whatever reason I do become late on a loan, I would like to pay additional interest at the rate of 3% compounded weekly.
How does this sound? As usual, I will post updates in this thread regarding the loans so lenders are not in the dark.


Thanks again.

With KWH's loan being on such a short term-length, I believe May 7th might be cutting it a bit close.
I'll run some numbers to ensure I would be able to repay on time.  Will reply in a few hours.

 

I can send you 1btc to the same address you were in control of last time (16LQDrFrbsKTNpB3N6Q9xG23ZRY3dCMezk).

Repayment of 1.05 by May 7th?

Let me know if this suits.

Sent 0.5BTC @5% for 10 days. Transaction ID: d727ace615be933c6f7195a36cc39bb90cd9c0a089b0b81f9a204c6211ebca68-000

Repay address: 1JpLUMxpqwKdZtidw3Av214EacRjcbSd4n

Introduction:
I am seeking a loan to purchase another two R9 280x GPUs as well as additional hardware to run these GPUs.
Additional hardware includes:  Risers and Mining Case

I currently have 12,700kh/s in dedicated mining hardware at my disposal which is rented out on Betarigs:
https://www.betarigs.com/rig/2810

This will allow me to repay this loan within a thirty day period.

History of Loans:
https://bitcointalksearch.org/topic/seeking-1btc-loan-2-4-week-term-10-interest-on-repayment-433194
https://bitcointalksearch.org/topic/filled-seeking-1btc-loan-4-week-repayment-500172
https://bitcointalksearch.org/topic/seeking-investors-accepting-various-loans-of-varying-size-524240

All these loans have been repaid without the use of collateral.  With over BTC4.25 [if my numbers are right] in loans repaid over the past three months, I have a good record of repayments.

Loan Information:
The loan can be from multiple users, so if you are not up for lending BTC.5, BTC.75, BTC1, smaller amounts are acceptable.  I am interested in procuring at least BTC1.5.  It will be repaid within 30days of the funds clearing, at the latest.  Due to my history here, I would like to keep the interest rate reasonable.  5% for a monthly period.  While it is very likely the loan would be repaid early by at least a week, you are still paid the full 5% on top of your initial investment.


As always, offers are greatly appreciated.