Topic: (silly) Investment Opportunity [CLOSED] (Read 880 times)

All cubes are sold out now. 

Guess no one wanted to get some free money

Time is running out.

Posted a few minutes ago from the Group Buy

"As of now, 7 cubes are available.  this group will close shortly."

Research the difficulty a bit and you should feel better about the investment.  It'd have to double 3x in a row of 40% or more and I just don't think that is possible at this point in time.  You would need the power of all of the new ASIC preorders that are coming out in 2014 to add that kind of hashing power to increase it that much.

3x in a row of 40% and you are likely breaking even.  The highest consecutive streak of 40%+ this year was in October, the third was only 16% so it'd be making a profit.

See, I actually want to buy about 3 - 4 right now, BUT it's a bit hard to believe I'll be making $100 + USD a day by doing nothing, and break even in 1.5 months.  It just seems too good to be true, the difficulty will probably increase before I can get the ROI back.  Other than that, I'd be a go and invest a couple thousand.  Anyways, good luck to you!

Tons of people are THAT lazy... but they are also not the types of people to invest $1000 into someone/something without collateral.  

Figured I would give it a whirl.  I got the room for it and the power supply, but Christmas drained my "me" funds.  I'd like to get the max order of 6 of them and just resell them while they mine.  But, I don't have 6 BTC, only 1zero.something

Oh, that's more stupid then a thought.  lol, I guess if those people were really THAT lazy...

Well it's not a 100% sure way, but I really don't see difficulty climbing fast enough to make the Cubes not hit profitability.  Difficulty has jumped 40% or more twice in the last year, both were last month, but since then it is bad to the normal range 15-30%.  So yeah, a few 40% increases and I could be eating it on this one.  A few 15-20% increases and I will make plenty of profit, and a 30-40% average should break me about even in a couple of months.

There are risks for everything, but I could easily buy the BTC to make up for anything the rig didn't cover.  I also have those LTC for that... but still, the point remains, that I could easily just take the unit point it towards my own address and get a free unit.  I'm not that way though, but there is no way to prove it.  My actions speak for themselves.  I can definitely be stupid, but I don't steal.

if you had a 100% sure way to pay back I am sure someone would fund you but the way btc goes up and down you could get stuck with a 5k usd dept

If not, it's no big deal at all!  Figured I'd throw it out there though in case someone is sitting on some BTC and too scared to invest it for any gains.

its not the worst investment I have seen on here lol

I wish you luck with getting funded

No.  I am asking for someone to buy me a miner and I will use that miner to pay them back plus interest.  Then I will keep the miner and all of the profits.

It definitely seems pretty stupid, but if you aren't into mining or are too busy to take advantage of the Cube's potential this Holiday season, then it could be a good idea.  The main problem is the trust issue as I could easily just run off with your money and leave you with only my full name and address and an email that I have used since I was a teen. 

So, you are asking to hold on to other people's miners?
Um, ok...  I don't believe that you'll scam, but it is a pretty stupid idea.  You know what, these cubes don't look bad, 44 day break even according to
http://www.bitcoinx.com/profit/  Which looks way too good for it too be true IMO.. o.O  But anyways, um, good luck.

Sold Out!  I got my Cube.  Hopefully I can report back that I made some $$$BTCBTCBTC

Purpose:
Everyone says it is foolish to loan money for mining purposes.  I am trying to prove this idea right by trying to find a logical and mutually beneficial way to do this and coming up short.

Idea:
I currently am awaiting purchase of an ASIC Miner CUBE from CanaryInTheMine ( https://bitcointalksearch.org/topic/closed-batch-43-34-39-btc-per-asicminer-cube-30-38ghs-349787 )
I have several extra power supplies laying around the house to power these things, but not enough Bitcoins to buy additional units

Intent:
With the Cube that I purchase, I intend to mine with it for 2 months or until it makes less than 0.005btc per day or roughly $150/month, or around 5B difficulty, then attempt to sell it for BTC that will make BTCMined + SaleBTC greater than Cost of Cube + Cost of Electricity

Opportunity:
I could easily run two of these!  If you buy one from the group buy and send it to me, I'll pay the shipping, and host the device.  I will send all of the BTC from mining BOTH UNITS to YOUR address until you receive the payback that you deserve according to the schedule below:

My electricity cost is .12/kwh and according to http://mining.thegenesisblock.com/ these are expected to profit until May and should net 1btc EACH by the end of January.  However, if you accept this then you will be paid back in full plus interest before I see a satoshi from the devices!

Proposed Rates:
If I pay you back On or before January 4th, 2014 I will pay back 1.15btc, 15% interest on a one month loan isn't bad!  I'll admit this is a long shot, though.  It is likely that it will be close to this payback at this point, but I will likely be paying back between January 4th and 15th, which at that point I will go up to 20% interest.

Projected date of payback would early January as long as the delivery from the group buy is on time.  However, if it does not hit 1.2btc by January 16th, then I will pay you back 1.25btc. I see no reason for this to happen as the majority of the heavy hitters (multi-TH/s machines) are not coming out until March 2014.  

So with that said...  Why would you want to do this when you could just order yourself and make more back?  It's Christmas time and maybe you don't have the time to be running an ASIC right now and you don't want to go through the hassle of setting up.  Or maybe the Elves (wife) got Santa's workshop (the garage) a little "occupied" right now!

Collateral:
None.  If I had the collateral to get the BTC to get another unit, I would.  I have about 9LTC I could put up as collateral but that is not enough to foot the 1BTC I am asking for... I have been on these forums a bit and have done transactions in the past but this is worth more than them.  If no one takes me up on this offer, it's likely that I might actually make more money because i won't have to pay back any interest.  And please feel free to do this yourself!  These Cube's are likely a good investment if you get them right now.