{"id":336,"date":"2022-08-15T09:30:25","date_gmt":"2022-08-15T09:30:25","guid":{"rendered":"https:\/\/dashwallet.io\/articles\/?p=336"},"modified":"2022-09-04T12:39:45","modified_gmt":"2022-09-04T12:39:45","slug":"dash-mining","status":"publish","type":"post","link":"https:\/\/dashwallet.io\/articles\/dash-mining.html","title":{"rendered":"Dash mining\u00a0– how to mine DigitalCash"},"content":{"rendered":"

The Dash cryptocurrency is based on the X11 algorithm – the name is given because this algorithm uses 11 different hashing functions at once, which makes it much more complex than SHA-256 (on which Bitcoin is based). The network will only fail if all 11 are compromised.<\/span><\/p>\n

In 2017, there was a boom in Dash mining, due to the growth of its value and the relative ease of mining – as a result, “mining” Dash on video cards has become more profitable than any other cryptocurrency.<\/span><\/p>\n

But as always in such cases, due to the large number of new miners, the profits began to fall dramatically, especially the appearance of ASICs capable of working with X11 – it made it absolutely unprofitable to mine on anything else, be it a graphics card or a processor. Since then, X11 mining requires only ASICs.<\/span><\/p>\n

Differences of X11 Dash mining<\/b><\/h2>\n

If before X11 mining had a lot of differences from cryptocurrency “mining” based on<\/span> SHA-256<\/span><\/a> or Scrypt, now there is actually only one difference left – mining is performed on different ASIC models.<\/span><\/p>\n

It used to be thought that X11 had ASIC protection, but the Dash developer himself warned that in fact the appearance of such devices for mining this cryptocurrency is only a matter of time. That’s how it eventually turned out.<\/span><\/p>\n

How to mine Dash<\/b><\/h2>\n

Ways to mine the<\/span> Dash<\/span> cryptocurrency<\/span><\/a>\u00a0changed each other, but at the moment there are only two – using ASIC and cloud mining. Nevertheless, let’s remember the others, too.<\/span><\/p>\n

Dash mining on a CPU<\/b><\/h3>\n

\"CPU\"<\/p>\n

In the early days, the X11 algorithm was used to mine on a central processor. The advantage of this approach was the low power consumption, which allowed to stay in the black even at a time when Dash was literally worth a penny. The methods of mining at that time weren\u2019t the most advanced, and specifically to Dash most of the miners didn\u2019t feel interest at all because of its low price, so even when mining with the help of a processor you can get good results. Now, of course, it doesn\u2019t make any sense in terms of profitability.<\/span><\/p>\n

On graphics card<\/b><\/h3>\n

It was superseded by graphics card<\/span> mining. In 2017, Dash temporarily broke into the leaders in the profitability of such mining, a role in this played both the low complexity of the network at the time, the rapidly growing price per coin, and the low power consumption of the graphics card in comparison with mining on other algorithms. However, this type of earning soon came to an end, too, and the owners of top graphics cards, who adapted them for cryptocurrency mining, were forced to reorient to other coins.<\/span><\/p>\n

On ASIC<\/b><\/h3>\n

The reason for this was ASIC with a hash rate hundreds of times higher, due to which the complexity of the network began to grow even more rapidly than before. And the price of cheap ASICs for Dash is comparable to the cost of top graphics cards. But even mining on ASIC at the moment isn\u2019t so profitable, as it was recently, because there are already many buyers of these devices.<\/span><\/p>\n

Therefore, before stopping on Dash, it is worth thinking once again about how it is a good choice – now the hardware for mining this cryptocurrency isn\u2019t the most profitable option for investing, but the situation may change. To compare the current profit from mining depending on the ASIC model, algorithm and cryptocurrency, you can use one of the online services, for example, here \u2013<\/span> http:\/\/whattomine.com\/<\/span><\/a>.<\/span><\/p>\n

Cloud mining<\/b><\/h3>\n

If you do not want to invest in mining devices, there is always the option of remote mining without buying them. It should be noted that most of the services that do it have support for Dash, and the actual calculations of its profitability depend on the tariffs of each particular provider. Usually, you can compare the profitability with other cryptocurrencies and make a choice right on the provider’s website.<\/span><\/p>\n

Pool overview<\/b><\/h2>\n

The official coin website\u00a0<\/span>https:\/\/www.dash.org\/mining\/<\/span><\/a> lists all approved pools, and it is this list that should be the first place to look.<\/span><\/p>\n

Of the most popular pools, we should highlight MinerGate – charges a commission of 1%, has a simple interface and statistics, allows you to choose from a large number of cryptocurrencies and exchange them for bitcoins automatically.<\/span><\/p>\n

In general, the pools differ little from each other. When choosing a pool, you should be guided primarily by the reputation of the pool and the commission it charges, then – by its size, richness of features, and the ease of use of their programs.<\/span><\/p>\n

\"Dash<\/p>\n

Programs<\/b><\/h2>\n

Once again, Dash mining on a PC is unprofitable, and it makes sense to try mining other coins if you only have a computer at your disposal. Even if it is quite powerful, it is unlikely that you will be able to recoup the spent power. If you decide to try anyway, the programs used are CPU Miner – for CPUs; SGMiner or DashMiner – for GPUs from AMD; CCMiner – for Nvidia graphics cards.<\/span><\/p>\n

Prospects and forecasts<\/b><\/h2>\n

The advantages of the Dash system are definitely there. They have allowed this cryptocurrency to strengthen its position throughout its existence. If the team continues to develop it as successfully, further progress will not be long in coming. At the same time, it is necessary to solve certain problems, and first of all – to expand the recognition of Dash, and after it, the number of users. To this end, the developers have even advertised this cryptocurrency on American TV – the first such precedent.<\/span><\/p>\n

Now it is the relatively small number of users – the main problem, even in the periods of rapid growth of this cryptocurrency the number of users of the system remained at about the same level, and the number of transactions carried out through it grew not so fast as in the same Bitcoin or Ethereum – and this in percentage terms, there is nothing to talk about in absolute terms.<\/span><\/p>\n

The second important point will be to increase the number of partners that support payments with Dash. This could be the key to the coin’s popularization as well. The fate of this cryptocurrency will depend on how many partners the developers manage to attract to cooperation. In general, experts tend to evaluate its prospects for at least 2022 positively, believing that it will finish the year at least remaining at the same position in terms of capitalization. <\/span><\/p>\n

Most experts believe that by the second half of the year the price of a coin will reach $100. However, it should be remembered that forecasts of exact cryptocurrency prices are extremely unreliable, and attention should be paid mainly to the predicted direction of movement.<\/span><\/p>\n