Ethereum seems to be pretty decentralized in terms of hashrate, its why its good that its mostly GPU mineable which anyone can do. However I do agree that the rich list is very centralized. There are a handful few which control most of the coins. Its why I am not happy how it was essentially an ICO before the launch.

The security however I think its very bad because of the complexity of the coin. Basically you can compare Bitcoin to an old Mercedes Diesel from the 1980s which can go on to a million miles and you can compare Ethereum to a brand new state of the art Mercedes S class from 2019. Sure the car will have many features that the 1980s diesel doesn't however if it keeps breaking down then what is the overall point. They had that DAO hack, that smart control bug which has millions of frozen coins and other issues with the coin. Can't really trust all your life savings with ETH.

I also never expected it to hit $1400, if I did I would of never sold the bulk of all my ETH holdings at like $20 or so.

Yes, ive daisy chained exactly 3 fans on several occassions on one molex, work perfectly fine, most case fans draw less than 1A anyways.

I have one and truly wished that I had purchased more of them.

I paid 2225 for mine.

A good deal to say the least.

Three speeds.

Mine does remarkable at low speed.

About 1440watts and 40th

36 watts a th.

Two plug design is good.

The only issue is some say the psu does not like 240+ volts.

I provide it 221 volts and it has been rock solid.

When I sell my share of the Clifton mine to buysolar it will pretty much break my heart 💜 to be selling this particular unit. As it can mine reasonably quiet at the low speed setting.

And it turns a profit at 15 cent power.

Yes I did that in the past, had to open up a US bank account and set it up with Gemini. It was a pain in the ass however because due to their strict KYC, you have to send them a wire first and then they send you wires out.

The issue was that my bank didn't know how to send the wire correctly, finally they decided to call the receiving bank and got the proper instructions and it went through. Almost gave up... so you might have better luck then me. If you get some lazy teller then most likely they won't send it properly.

And yes the fees are very high. Gemini upped its fee again to like 1.5% from I think 0.5% when I joined and you also get charged a 2.5% fee when you convert into CAD funds.

In Canada there is an even bigger mess with Crypto taxes.

I don't know if you guys heard of QuadrigaCX, it was the largest exchange in Canada that went bankrupt at the beginning of the year. Apparently the owner sent all the customer's Bitcoins to Bitmex and Bitfinex and margin traded it all and got liquidated when BTC broke $6K last year and faked his death.

Most Canadian's used this exchange including me. I stopped using it 2 years ago due to withdraw issues was a blessing in disguise. However I think that more than 75% of all Canadian's probably used the exchange and when it went bankrupt the website went offline.

Now here is the part where it gets crazy. People couldn't login to get their trading records for taxes. And basically the CRA (IRS equilvaent) told people to "guess" how much they made and to try to guess higher rather than lower because when the website comes back online in a few years they might need to do a final adjustment.

Yes this was actually introduced during the conference back in May. From what I recall it added fire to the already crazy bull-run we had back in May.

Good that you posted this because at the time, the app was only available to reporters and other testing personnel.  But right now it looks like you can actually use it if you got a iPhone.

Reading the reviews on the app store, they are mostly mixed. Basically people either rate it a 5 or a 1. Will download it and see if its any good and hopefully won't be any issues while trying to actually use it to pay.

Glad I am not the only one that sold a bunch of BTC leading up to the BCH fork. Most people don't remember but people were freaking out that BTC blockchain will come to a halt because people will abandon it for the more profitable BCH chain.

In hindsight it would of been smart to hold all the BCH until that Coinbase launch where it hit $3000 but who knew it would happen.

I remember all the shennanagins with BCH how they got like 50 blocks in an hour due to the crappy early difficulty adjustment algo. And most miners kept switching back and forth and slowing down the BTC chain since it took a while for the difficulty to adjust. However even when mining wasn't profitable people still were loyal to BTC, crazy times. Feels like an eternity but it was only in Q4 2017. Time sure flies.

I should have phrased it differently.  This is someone with very large amounts of free power and would like to make some money.  I don't think their interested in learning about mining just to learn (or geek out like some of us here ...)  

My thought is that they should learn the basics of crypto (from mining to exchanges) before spending a bunch on hardware of any sort.  I am not well versed in asics, so I feel ill qualified to tell them to buy some if I have no experience with them specifically.  On the other hand, while I do know CPU and GPU mining well I don't think it's worth them buying a GPU just to mine with if they won't be using it for gaming or workstation purposes later on.

They are 2 states away from me too, so I can't really assist them directly if they run into trouble.  

How "noob proof" are the Antiminer series?

You know your tools are getting old when
1. Your Ryzen 5 2600 shows up in HWiNFO with a 108 Degrees core temp..  like wtf
2. Your Vega 64 reference shows up in GPU-Z with 8 Gig of Micro memory.  like wtf.  I know it has Samsung..
3. ATI pixel clock patcher complains that the driver file is too large.
Luckily all above items were resolved by upgrading the corresponding tool...
Time to overhaul the software repo..
Goes to show you the amount of innovation going on in this field called mining..

Perhaps I should mention that I needed to upgrade OverDrivenTool to 0.2.8. beta1 after I upgraded my AMD driver to 19.4.1 and lost fan control on my RX 570s...
Then I had to upgrade my Teamviewer to 14 something after it complained that the machine I tried to connect to had 14 something....

BTW does anyone know of a replacement for TeamViewer?  I am getting tired of its ways..  I can only stay connected a few minutes at a time now it suspects business use...