How does it work for cryptocurrency mining equipment as equipment? You don't really physically transfer it or do you?
Hello Stas and thank's for the question ! Mining equipment is used as collateral during the repayment period of installments and physically remains in GigaWatt and is also served there. The income from mining repays installments, after repayment you can do whatever you want - pick up your miner or leave it there .
Best
CT
Ah I see so you remain in the possession of the mining equipment. I essentially buy it from you but you keep it as collateral?
Best
CT
Sure got it. If the miner decides to receive it you are going to send it to him, but could he also decide to sell it? Will you have something like a small marketplace maybe?
That's a good question as many miners often decide to stop mining or else get the better one that are out in the market. I think they won't be having any marketplace but there are certain websites like ebay , list them on Craigslist as well as i have seen peoples using Bitcointalk to sell them but an escrow service is always a better option.