I've seen this pattern before, a week before the first EEA, price spiked from $12.7 to $15.73, then a mega pump 2 week later

not saying it'll happen again, but this IS China we're talking here.

jury is still out

I see..... ok then, just enjoying the ride....

Mining is still profitable meh??

Δ Buterin Equilibrium 0.0465 ETH/BTC (161.04%)
Köppelmann constant adjusted for dynamic fees and ice age according to suggestion by V. Buterin, therefore we call it the Buterin Equilibrium, currently at 0.0762 ETH/BTC.

you say leh

61.04% more profitable than Bitcoin miners.

I think those btc buyer all shifted to ETH. btc is very unaffordable.

still there are 3x more buyer around 300. seller wall at 360.

I've been waiting for an entry for 3 weeks yet no pullback yet
damn it where is price crashing

got lobang for GPUs? really drained nationwide? I'm open to 1060/1070/1080 TI too

Am also gonna start mining , total noob here, mining wiTh 2 gpu stil ok ?

why u wanna waste time to mine.
if u want shift some of your funds to gemini or what I help u trade.
I take a cut can d.

the dips can generate more than 20% per month if it continue current volatility.

mostly altruism, not for riches but to support ETH all the way till PoS.

where you can get the best deals for parts?

mining small scale really not worth it. cuz have to monitor.
so either do big or don't do at all.

I think if locally can't get might as well buy from Amazon and send to Singapore. then u collect from there

Eh no need la - I think you guys have covered way more than enough. Unless you want to see controversial ramblings about fiat and me talking about blockchain, which isn't appropriate on the front page.

What I am currently working now is to evaluate the statement that "cryptocurrencies are a Ponzi scheme". I was able to produce a mathematical representation of a Ponzi scheme on paper, but I am still working on modeling a supply-demand model for cryptocurrencies, which is a lot harder as there are too many abstract variables (e.g. how do we model the supply curve of cryptos, as it is a constant however market supply is fluid). There are some clear cut attributes differentiating the two in writing (mainly, what makes a Ponzi scheme unsustainable, being outflow > inflow, which the outflow amount (could be a constant, or a set of constants) but withdrawal rate over time growing exponentially as more investors come in), so hopefully I will have something to post again soon.

This post has been edited by Enigmatic: Jun 11 2017, 05:12 PM

I have been on the lookout for a custom Ethereum mining rig with a 125MH/s hashrate like the one below.



Specifications:-

Rig Frame:
Solid aluminium frame.

Average Hashrate: 125 MH/s

GPUs:
6x R9 380 (4gb) PowerColor, Asus, MSI, Sapphire

Power Supply:
850W Corsair gold +
1200w HP custom gold +

RAM:
8GB Corsair Vengeance

CPU:
Intel Celeron G3260 dual core 3.3GHz

Motherboard:
ASRock H81 Pro BTC

Risers:
6x PCI-E PCI Express 1x to 16x

OS / 120GB SSD:

ethOS - Linux Ethereum Mining Platform (supports transition from PoW to PoS)

Enter your pool information, wallet address and you are up and mining in 5 minutes.

Sadly, it is out of stock.

We actually didn't start off with that in mind, but as the early forumers in this thread are mostly traders and investors (as compared to miners), the entire thread's tone was focused on trading and investing only, since the beginning.
But since now there are more and more people joining into the thread, with quite a bit of interest on the topic of hardware mining, I would say that we should separately have a thread, specifically on Cryptocurrency Mining, and have it in the Hardware section, where it should be.
But I personally do not mine, so some of the other mining sifus here will have to take the lead on the mining thread.

How much would a rig like that cost approx?

$3,800.00 excluding shipping.

USD?

ok thx

btw, how fast it usually is to transfer ETH from coinhako to MEW?

bcuz it isnt appearing in my MEW yet since 15mins ago

Yes.

But got money also cannot buy.

MEW is an interface to manage your ethereum addresses

you mean your wallet right? what's etherscan saying? no entry at all?

for coinbase it's instant, 1 minute the latest

i created a new address

yesterday was less than a minute

today took 40minutes to be transferred!

just checked. transaction went through