Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] CEREAL - BLOCKCHAIN ECOSYSTEM FOR ASSET-BASED LOANS
by
Kriptopsina
on 20/07/2018, 13:08:35 UTC
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

Hi. And you do not know what is the service life of this equipment? What happens if it breaks and the debt is not paid yet?