boonies4u

Moving Forward

Oct 6th, 2012
127
0
Never
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
text 2.23 KB | None | 0 0
  1. Given that GLBSE is down, I have decided to use the funds to buy mining hardware, unless investment opportunities show themselves. I would like everyone to consider the following paths and let me know what you think.
  2.  
  3. I could purchase one Bitforce Single. I would have to hold the remaining balance of bitcoin until I could invest them or use them to upgrade to an ASIC. I would use mined coins to cover weekly payments as much as possible. This plan allows for weekly income and the ability to upgrade to an ASIC in the future.
  4.  
  5. OR
  6.  
  7. I could purchase two Bitforce Singles, but doing so would require getting a smaller loan to cover the difference. This may delay when the first weekly payments start coming in, but may protect the ability to make payments in full once the singles are operational. This plan will allow for the highest weekly income early on but may make it difficult for me to upgrade to ASICs at a later date.
  8.  
  9. OR
  10.  
  11. I pre-order one Bitforce Single SC; This would also require getting a small loan to cover the difference. This plan will not bring in any weekly income until receiving the ASIC and may delay the weekly payments the most. This method would insure that I receive an ASIC as soon as possible and is the most economical way to order an ASIC.
  12.  
  13. OR
  14.  
  15. I pre-order one BitForce 'Little' Single SC. I would have to hold the remaining balance of bitcoin until I could invest them. This plan would not bring any weekly income until I received the ASIC or I could invest the coins, whichever comes first. This plan will allow for me to receive an ASIC as soon as possible, while still allowing me to hold funds to invest or devote to weekly payments.
  16.  
  17. I would like to thank everyone who loaned me coins. I think the best way for me to do this is to not just insure that I pay back the loan in full, with interest, but also to hear what path you think we should take moving forward. I would also like to apologize in advance for any late payments, no matter what or who the cause may be.
  18.  
  19. P.S. I am awaiting a reply from BFL regarding shipping times and upgrading procedures, and will take the information they supply into account. I am currently leaning towards buying 1 Bitforce Single (to upgrade later) or pre-ordering 1 Bitforce Single SC.
Advertisement
Add Comment
Please, Sign In to add comment