Why Bitcoin Miners Should also Mine Dash, Litecoin, and Zcash – Feb 20, 2017 Bitcoin. You don't need my opinion on Bitcoin.

The foundation of Dash is its blockchain, which is a decentralized ledger of all transactions that have ever taken place. This blockchain is secured through a. Jump to What Is Dash Mining? - Mining in the context of cryptocurrency such as Dash refers to the process of searching for solutions to cryptographically difficult problems as a method of securing blocks on the blockchain. The process of mining creates new currency tokens as a reward to the miner. Mining is possible. DashMiner is a unique AMD GPU mining multipool: Excellent profits: we quickly add new coins, we have a fast mining kernel, we can switch between coins and algorithms. Custom miner software optimized for speed and simplicity. No need to install special drivers, search for faster kernels or fiddle with parameters for.

At a glance • • • • • Introduction aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. Its network features instantly confirmed, double-spend-proof, optionally anonymous transactions, a self-governing & self-funding model through incentivized full nodes and a to scale to up to Dash is the first true Decentralized Autonomous Organization (DAO). Our network is able to hire and pay people to improve itself. Check the resources below for detailed information • • • • • • • General Links • • • • • The Dash Tip-Bot News & Podcasts • • • • Instructional links • • • • • Tools & Statistics • • • • • • • • • • Buy Dash P2P • • • • Shop with Dash • • • Community • • • • • • • • Masternode & Governance Tools • • • • Related Subreddits • • • • • • Offer a service for Dash? Dash mining contracts are profitable even without the referrals. I trust numbers more than random comments on the internet, so here it is: Assume that you have 485 USD that you want to invest in dash.

Do you buy dash or invest in genesis mining? Which is more profitable? I recently ran the numbers, here are the results: 1) Buy dash at today's rate: $485/85.62 == 5.664 DASH. 2) Genesis mining contract: $485 (3% of $500 with code) will give you 100MH/s 2 yr contract. Using the dash mining calculator, at the end of 2 yrs, you get 24.04 DASH in total.

Even if you double the difficulty, you still get 12 DASH at the end of 2 yrs. This is why genesis mining is much more profitable, even with double the difficulty!!!! If you found this analysis useful, you can support by using my 3% code: khViMZ • • • •. You make a good point. Let me adjust the calculations to address your point.

Current difficulty: 110000 (from coinwarz) For easy math, lets assume that the difficulty increases 50% every 4 months. Then we break 24 months into 6 segments (24months/4months). Average difficulty = ((110000 + 110000x1.5 + 110000x1.5 2 + 110000x1.5 3 + 110000x1.5 4 + 110000x1.5 5)) /6 = 380990 So assuming the difficulty increases 50% every 4 months, the average difficulty for 24 months is ~ 380990. Now putting this number into coinwarz dash mining calculator, we get 6.944 DASH in total at the end of 24 months for a 100 MH/s genesis mining contract. So to answer your question, you still end up with more DASH than buying, but the number is drastically reduced. I've been weighing these options as well.

It seems that as the price of Dash increases, mining becomes ever more appealing because you are losing purchasing power with a straight up investment and mining has the potential to reward you with a greater amount of Dash (and overall USD monetary value, but don't focus on that for a moment). I think your decision heavily depends on your view of Dash. If you are just learning about Dash and still are not sure whether you are entirely confident on the project, then investing makes sense because if Dash doesn't deliver on its promises, you can exit the project when you wish. But, if you believe that Dash is an incredible project and believe in the long term success of it, then mining is a good choice because you have the chance of earning more Dash as well as contributing to the overall ecosystem.

Mining also encourages you to hold your Dash, so if you suck at trading you can just let the deposits transfer into a wallet that you never touch and wait until the price of Dash is worth several 100 dollars USD to take some of the profit to pay yourself back with your initial investment. So, it really depends on what you think of Dash and where you think it's headed. IMO, Dash has incredible potential and I think mining for two years is worth the risk. I believe Dash will still be around and will be thriving. The market will reward it and thus you will want to have as many Dash as possible.

Last note, why I like mining, is you can invest in the equipment, wait for it to pay itself off, cash out to pay for your initial investment and own essentially free mining equipment and earn free Dash even if it was a small amount with the increasing difficulty down the road. Free money is free money. So, even if Dash doesn't go up you will be making money.

Whereas, a straight investment requires Dash to go up in market value to make anything. Even if Dash remains stagnant, mining is profitable. AND if the price of Dash went down, if you were investing you are losing money whereas mining you technically can make back the loss of price while just waiting to mine more Dash to pay off the loss. Albeit, difficulty does increase so if the price tanked it could take a long time to recoup the Dash needed to pay the loss.

Anyways now I'm rambling. But I would do both. Buy some Dash straight up and buy either a mining rig or mining contract.

That way you are diversifying your Dash holdings. Just my 2 cents (or Dash). SilentLennie, Thats true. The stopping point for me is where you no longer mine enough dash at current market value with your amount of MH/s against the current difficulty minus electricity costs. I am not into speculating future coin prices and the moment it is no longer profitable to the present calculation, I am done mining. Additional notes to my previous post: I would like to expound upon this thought - that if you can find them, buying a rig is way better than a cloud mining contract.

Because if you got scared and wanted to bail you have hardware that you could sell to recoup some of your initial investment. Right now, the Baikal miners are extremely desirable and sell used for as much as they do new so its kind of a good fallback mentally.

With a cloud mining contract you are locked in and you technically own nothing. Things change quickly in this space and Im not sure I completely trust the cloud mining companies - even Genesis. I personally only own hardware and it gives me a good feeling seeing them run with my own eyes.

And concerning increasing difficulty, the reason there was such a dramatic increase in difficulty over the past couple of months is because the ASIC power that was available out in the marketplace got snapped up quickly due to the dramatic price increase during March. People also started upgrading their Genesis mining contracts.

The combination of the extra Hash power being thrown at the network at the same time is what caused the quick increase. As of today, Genesis is sold out of X11 contracts. Baikal miners are impossible to find unless you are pre-ordering large quantities.

There are a lot of fear-mongers out there saying the popularity will make the difficulty soar. But the reality is, that it will be a slower increase than you think over the next several months due to the shortage of Baikals. So the MH being thrown at the network wont be as dramatic as you think until the supply of ASIC computing power meets the current demand at Dash's current market value. It could easily be until next year until things settle down but if the price of Dash keeps increasing it will still be a slower trickle of MH as things will continue sell out. Also, I just watched the video linked above and that guy is using the bitinfocharts difficulty which is not entirely accurate. Coinwarz is more accurate as Ive been watching my payouts the past couple of months and they are on par with the coinwarz difficulty chart.

Mining Dash is profitable and should be well into next year depending on how the Evolution rollout goes. Buying hardware yourself and mining is logically much cheaper, but keep in mind that having a rig yourself requires some extra work to keep them running. Cleaning your rig time to time, setting everything up, excess heat it will produce and ofcourse the noise of the fans with which you have to deal with. And therefore I chose for a mining contract at Genesis Mining If you have some Bitcoins, Dashcoins, Litecoins or Dogecoins and would like to invest it, Cloud mining is the best option. Currently I'm mining at Genesis Mining all the available coins, which is: Bitcoin, Litecoin, Ether, Dash, Monero, and Zcash with which I started about 6 months ago. (I know Zcash is not profitable anymore (who knows maybe the price rices?)) At the moment I recomend you to mine Dash, Litecoins and a little bit of BTC Genesis Mining is a great company, the layout dashboard is very user friendly, and they respond very quickly to questions or tickets!

Thus far they have responded within a few hours! Also imortant is their daily payout! They also expand their service with more and more cryptocoins which I find pretty important!

You can even buy contracts with Bitcoins, Dashcoins, Litecoins and even Dogecoins! Genesis Mining is THE biggest cloud mining company with multiple miningfarms worldwide, and being such a big player in the market they get discounts for the hardware and electricity they need, which makes their cloud mining ontracts the most profitable! To get an additional 3% discount on all your purchases - it does not matter which mining coin package you buy! Use the Discount-code: nV7RXx You get the 3% discount directly at the checkout (before paying anything).

If you have any questions left about Genesis Mining just contact me, (I can't promise to answer fast as I'm learning for my upcoming exams, but I will respond asap!) • • • •.

Mining Dash can be done at home with any recent AMD GPU! Our renewed interest in both mining and altcoins, especially DASH. We decided it was time to try and mine again. X11 altcoins haven’t been “ASIC’d” yet, meaning there isn’t specialized hardware for X11 algorithm cryptocurrency. This has made X11 altcoins easier to mine with consumer hardware. I own an AMD Radeon 280X in my own desktop, so I figured I’d give it a run. It was both tougher, and easier to setup than I thought.

I’ve mined Bitcoin many times before in the past and present, but with ASIC hardware thousands of times more powerful than consumer hardware, Bitcoin mining requires a ridiculous initial investment. Do promise to change that though.

Why is DASH Easier to Mine at Home? Create A BURST Miner. DASH mining won’t be profitable at this level for much longer, so get started now!

Understanding that DASH utilizes the X11 algorithm is important to understand before mining. DASH developers created this algorithm specifically to make it difficult for companies to manufacture hardware that solves it. X11 consists of 11 different cryptographic algorithms, so it’s more suited for GPU mining rather than CPU, although it is possible, but GPUs are more powerful at this. This makes mining more available to the people and decentralized as Bitcoin mining has become increasingly centralized.

With that out of the way, let’s get into this. X11 AISC are on there way, so if you have a gaming rig, start mining now.

It wouldn’t be profitable for long! Getting started with DASH Mining What’s needed? • DASH Core Wallet • Windows Computer • AMD GPU of the following: • Cape Verde: 7730/7750/7770 • Pitcairn: 7850/7870/R9 270/R9 270X • Tahiti: 7870XT/7950/7970/R9 280/R9 280X • Hawaii: R9 290/R9 290X/R9 295X2 • Sgminer • Time and electricity Step 1: Get a DASH Wallet. Clicking receive will always give a new address, don’t fret, all these addresses allow you to spend payments received there. If you don’t have a DASH wallet, please download the. Personally I don’t trust payouts to third party wallets, so I always download the core program, regardless of cryptocurrency. Open the program and it will begin downloading the blockchain, which will take a while, so it’s important to do this first.

Be sure to backup this wallet while using it to ensure your Dash doesn’t get lost. Step 2: Download SGMINER Sgminer can be downloaded.Be sure to extract everything and keep it in an easily accessible folder. Other websites may include viruses with sgminer, so be careful when downloading. This is the mining program for AMD GPUs. It also comes with binaries for use with other devices, but this tutorial only covers AMD GPU mining.

Step 3: Configure Sgminer. I don’t think there are any comparative alternatives, with regards to performance anyways. But it is a delicate process to find the optimal settings and I would advise just finding a video on youtube that demonstrates how it is done, maybe you will find your problem that way. But if it doesn’t improve you could also add some leverage with cloud mining which is optimized for your specific coin of choice.

I also use genesis mining as a supplement because the ROI is so low these days(about 4 mnths on 24 mnth contracts) that it may very well be the best investment around. The principle is still the same though, you have to research which coins will presumably rally the most and then go for those. This way just makes mining possible for the technically challenged, those who don’t want to keep getting new graphics cards and gear, aswell as removing all stress factors for the pro miners. Either way, you may want to grab a discount if you do go for cloud mining, and genesis customers can share discount codes for newcomers such as this one: 809fKo Happy mining! May the hash be with you 🙂 •.