Dash cryptocurrency is a decentralized competitor to PayPal. Dash cryptocurrency - how to earn and where to store Dash mining difficulty change chart
Thanks to the free program from CryptoRival, you can easily calculate the potential profitability of Dash mining. We recommend using it both before and during mining. After all, changes in course may well ruin previously worked out plans.
The good thing about the mining calculator is that it allows you to calculate not only current income, but also the payback period for investments in coin mining. Therefore, you can work on different pools, different hashrates, deposit a reduced cost (in case of a price collapse) and even use it to determine the profitability of cloud mining.
The main thing is to figure out which parameter is responsible for what. That’s why we include detailed instructions with each calculator:
- Hashing Power - here you need to indicate the hashrate of your farm or the power purchased from the cloud service. For ASIC miners, they are specified by the seller in the product description and instructions. In a cloud service, they are specified in the contract. If the farm is on video cards, then open the data on the video card itself, find the hashrate and multiply it by the number of cards themselves. This will be the total power of the farm
- Difficulty is the current mining difficulty on the Dash network. For example, now it is 147916618. At the same time, the difficulty can either increase or decrease, in accordance with the interest of miners. If they start leaving the game, then the difficulty is reduced and it is much easier to mine coins
- Pool Fees - commissions from your pool. It is better to select several candidates in advance and use a calculator to calculate how much you will earn by collaborating with each of them. Fees are indicated on the website of the pool itself. Many miners do not take them into account, and in vain, because commissions can eat up a good part of the income
- DASH to USD - the price of the Dash coin to the dollar at the time of calculation. The program itself updates the cost, receiving information from open sources. If you believe that the coin will grow in the near future, then you can indicate your forecast in this field and be guided by it. Or, on the contrary, enter a lower price in case of a market collapse or extreme situation. And the best thing is to check both ways
- Maintenance (GH/s per day) - daily output of the farm. Usually the hash is specified in seconds, sometimes in minutes. You need to multiply everything by 24 hours. If you plan that the farm will not work around the clock, but say 10 hours a day, then take 10 hours and multiply by the second hashrate
- Hardware/Contract Costs - allows you to calculate the payback period of your investment. If you bought a farm, then we add everything up and enter it. If you use a cloud service, then the cost of one contract
- Power Usage - electricity consumption. We also read the instructions for the equipment and find this parameter
- Block Reward is a dynamic metric that the Dash algorithm uses to determine the reward for a found block. The data is open and the program enters it itself
- Power Cost (kw/h) - finally, the cost of a kilowatt of electricity in your region. Here it is better to convert from rubles to dollars. But check back periodically, because the ruble to dollar exchange rate may also change and disrupt your calculations
Among the large number of cryptocurrencies, few are ready to seriously compete with Bitcoin. Most often, users quickly lose interest in new altcoins, and they either disappear completely or remain at the bottom of the ratings. The Dash cryptocurrency has long been in the top ten by capitalization and does not seem to be losing ground. How she managed to do this, we’ll talk further.
The Dash cryptocurrency, or as it is often called by Russian-speaking users - Dash, Dasha, appeared in January 2014. It was first introduced as Xcoin, later as Darkcoin. And only in the early spring of 2015 it received its current name. It plays on several concepts - “digital cash”, which means digital money, as well as “rapid movement”.
Dash's code was originally written by Evan Duffield alone. Very quickly he managed to assemble a successful team around the project, after which the creation process accelerated significantly. When creating the currency, programmers took all the best from Bitcoin and supplemented it with their own developments. The developers present Dash not as an ordinary cryptocurrency, but as an international payment system. Their plan is to make digital currency so clear and easy to use that people of all ages can use it without problems.
Dash and Bitcoin - what are the differences?
- Dash uses several cryptographic algorithms;
- Dash boasts higher transaction anonymity, although it is still difficult to compare with Monero in this regard.
- When mining Dash, electricity consumption is an order of magnitude lower.
Also, unlike Bitcoin, the creators of Dash do not hide under fictitious names, and the entire team is listed in full on the official website. In addition to Evan Duffield, there are highly professional managers, programmers, PR people, testers, including:
- Ryan Taylor;
- Andy Freer;
- Holger Schinzel;
- Timothy Flynn and others.
Official website of the Dash cryptocurrency Making changes to the network
Dash development occurs in concert with all members of the system. Each participant can propose their own project to improve the system. Masternode operators vote on whether to accept it or reject it. And if they decide that the idea is worth implementing into the system, the developer will receive funding for implementation. To do this, a so-called “superblock” is generated once a month. If not a single idea finds a response, then 10% of the coins simply will not be generated.
Dash rate
The cryptocurrency capitalization today is more than $2 billion. And one coin costs about $280. Dash is traded on all well-known exchanges, the most popular of which are:
- Bitfinex;
- Kraken;
- Poloniex;
- C-Cex.
Active growth in value began in the early spring of 2017, when many services began to actively offer the opportunity to pay for goods and services with Dash coins. How the Dash rate grew against the dollar can be seen from the following chart
How did the value of Dash change in dollars? Basic network terms
Many people know about the decentralized blockchain system. However, in addition to this, Dash uses technologies that are worth examining in more detail.
- InstantX - ensures instantaneous transactions.
- PrivateSend is a mechanism for mixing payments, which ensures their maximum anonymity.
- Masternodes or as they are also called Masternodes are the key network nodes that are responsible for mixing coins using PrivateSend, as well as for implementing the InstantX function.
Masternodes
Dash is a two-level peer-to-peer network. At the lower level of the system, miners generate new blocks, which create a continuous blockchain chain. The top level consists of Masternodes. Their number today is more than 4.5 thousand servers located in 40 countries.
Anyone can launch a masternode and make money from it, since when mining cryptocurrency, node operators receive a portion of the reward. It is 45% of the reward from each new block. Another 45% goes to the miners and 10% forms the budget, which is used for the development of the system.
The Dash masternode can work reliably even on a Raspberry Pi 2 microcomputer with one gigabyte of memory. Alternatively, it can be run on a dedicated server. You will also need to have 1000 Dash coins to run your node. They remain completely at your disposal, but if you decide to spend this money, the Masternode will immediately stop working.
Collateral is required to ensure that most of the network is not concentrated in one hand, which will lead to abuse.
PrivateSend
The PrivateSend mechanism occurs in several stages:
- First, all transactions are divided into parts. This process is called pre-denomization.
- Next, parts of equal volume are mixed together.
- A new masternode participates in each mixing stage.
By default, this option is disabled in the wallet. After it is activated, we set how many rounds of mixing are required and indicate the number of coins. Next, click the “Start Automixing” button.
InstantX
InstantX has been introduced into the system since version 0.11.1. In order for the payment to be made instantly, you must select the InstantSend command in your wallet. In this case, the transaction is confirmed by 10 masternodes, selected at random, and the entire process takes literally a few seconds. As we remember, in Bitcoin, waiting for payment confirmation takes on average 20 minutes or more. And if the commission is small, then you can wait several days.
Where to store Dash
The developers have provided many different options for storing Dash: for Windows, for Linux or OSX. There are also mobile versions for Android and iOS, with which you can conduct transactions on your phone or tablet. You can select the desired option on the official website of the currency www.dash.org/ru/wallets/.
- Trezor;
- Ledger Nano S;
- KeepKey Hardware Wallet.
There are also instructions on how to create a Dash paper wallet - a kind of cold storage of funds, which is considered one of the safest methods. To do this, we generate a Dash address on one of the sites that provides similar services. We immediately receive two QR codes in the form of an image - this is a public address and a private key, with the help of which we will receive and send coins.
- jaxx.io;
- exodus.io.
Whatever option you choose, the developers advise you to be careful about the safety of your coins and make backup copies of your wallets without fail.
How to mine Dash
Dash does not use the SHA-256 or Scrypt algorithms common in cryptocurrencies. Instead, the developers chose X11, which uses 11 hashing functions. The difficulty of coin mining is regulated by the DarkGravityWave mechanism, which ensures smooth changes. The block reward is calculated using a special formula -2222222/((Difficulty+2600)/9)2).
Interestingly, the first 1.9 million coins were mined in the first two days after the launch of the cryptocurrency as a result of an error in the code. This gave rise to a heated debate about the injustice of this approach. The defect was quickly corrected, and the coins remained with their owners.
In total, up to 22 million coins can be mined in the system. Experts suggest that there will be no more than 18 million.
You can get Dash:
- on the central processor or video card;
- using cloud services;
- on special equipment, so-called ASICs.
Dash mining is possible on both Nvidia and Radeon video cards. Moreover, the X11 algorithm, in addition to reducing energy consumption by at least half, also reduces the heat dissipation of the card. The main thing is to first update the drivers to the latest versions. You also need to install the miner program and correctly enter all the necessary settings in it.
You can mine Dash using a video card, processor or ASICs ccMiner is suitable for mining on Nvidia video cards, and sgminer for AMD. You can mine coins on the processor using:
- Cpuminer;
- Minerd;
- Xcoin-miner.
The following devices are suitable for ASIC mining:
- Pinidea X11 Miner DR-1;
- iBeLink DM384M X11;
- Baikal A900 X11;
- Pinidea X11 USB DU-1.
Dash Mining Pools
If you want to mine together with other users of the system, connect to one of the pools that allows you to mine Dash. Among the services that have proven themselves well:
- Nicehash;
- HashPower.
Since coins in pools are mined through joint efforts, the profit is divided among everyone who takes part in the process. Many pools also allow you to switch to mining cryptocurrencies that are more profitable at a given time.
Cloud mining
To avoid spending money on high-performance mining equipment, you can use cloud services. To do this, we enter into a contract with the selected site to rent a certain amount of capacity.
From verified services:
- Genesis-Mining;
- HashFlare;
- Сoinotron.
The Dash mining profitability calculator will help you calculate how profitable it is to mine coins on the hardware of your choice. For example, red-miner.com/dash/. You need to enter the hashrate, payment for the pool and electricity, and the service will show the estimated profit for the hour, day, week and month, in Dash, dollars, and bitcoins.
How to buy Dash
You can buy Dash through exchangers using Yandex.Money, QIWI, Perfect Money. Cards from Sberbank, Alfa-Bank, and VTB-24 are also suitable for purchase. Since exchange office offers are constantly changing, exchanger monitoring services such as BestChange will help you find the most profitable option.
You can also use cryptocurrency exchanges and purchase coins there at the market price.
Dash faucets will help you get free cryptocurrency. They hand out small coins to their visitors on average once an hour. Examples: dash-faucet.com, dashfaucet.club, dashbits.info.
Dash mining on a processor is an organized computational process of decrypting 16-digit digital blocks of a cryptocurrency. However, we would like to immediately make a warning: in theory, this algorithm looks simple and promising, but in practice many difficulties can arise. In 2018, mining Dash on a CPU is not a profitable activity.
How does Dash mining work on a CPU?
Step #1. Buy powerful equipment that, according to its technical specifications, can process continuous streams of 16-digit numbers in one second. In 2018, Dash mining on an Intel or AMD processor is considered the most productive.
Step #2. Install the Linux operating system on your PC. It allows you to turn off all auxiliary operations and completely adapt the processor for mining the Dash cryptocurrency. If you can't install Linux, download Windows 10. Performance will be lower, but you won't notice a significant difference.
Step #3. Download, install and configure your cryptocurrency wallet:
- after downloading, select for your wallet the location on your hard drive where your future mining farm will be located;
- synchronize the added wallet with the network;
- receive a special address that will allow you to get started.
Step #5. After all the preparatory work, launch the download document (bat file). It will contain all technical information regarding the running mining process.
Why can't mining Dash on a CPU be profitable?
In November 2017, miner Alexey Nadezhin published a profitability report and showed that mining Dash is unprofitable. The calculation was made at a rate of $551 per coin, and the mining process was organized on a video card. The user suffered a loss and was unable to recoup the costs.
In 2018, even budget video cards are superior in performance to powerful processors. And although the cost of Dash increased to $1000, this did not greatly affect its profitability of its mining. The system has all the prerequisites for growth in the future. And given that the complexity of mining only increases over time, mining on processors is absolutely hopeless.
On January 22, 2018, the Dash coin ranks 12th in the overall cryptocurrency ranking and is trading at $750. It is unprofitable for a private investor to mine under such conditions: the profit received will not be able to cover the costs of equipment and electricity.
Place of Dash coin in the overall cryptocurrency ranking
Dash price as of January 14, 2018
If you are interested in mining Dash coins, pay attention to cloud mining. This is a simpler, cheaper and more effective option. If you are only interested in CPU Miner, pay attention to little-known cryptocurrencies with a small capitalization volume.
One of the most popular cryptocurrencies of our time is deservedly in great demand. The anonymity and unique operating principles of DASH attract, without exaggeration, a gigantic audience. We are confident that the vast majority of crypto users are satisfied with their choice. The site always has an excellent Dash mining calculator at your service.
Let's start work
Why should you interact with our tool? Everything is very simple, it is our functionality that allows you to assess the profitability of your work as simply and quickly as possible. While many services of this type require a whole list of different parameters, our functionality is collected in an elegant form:
- Hashrate of yourASIC-miner. It is better to mine the coin on specialized devices, since ASICs are much more powerful than most mining farms. Therefore, we indicate the computing potential of the miner in the first field.
- Energy consumption selected model. You probably have certain ASIC models in mind; it wouldn’t hurt to find out the number of watts that a particular device requires.
- Electricity cost within your region. We find out the price tag per kWh, convert the figure to dollars and enter it in the third line.
- Commission, which the selected mining pool has. This field should be filled in only if you actually use any mining pools in your activities.
Actually, that's all. The tool takes care of all the dirty work. You don't need to waste precious time searching for coin value, DASH mining difficulty, and rewards for one mined block. All this is already in the last three fields of our form, all that remains is to click on the bright green “Calculate profitability” button. By clicking on it, you will actually instantly see a table with the necessary information.
The first column shows the operating time of your ASIC. Thanks to our tool, you can find out how much profit you can make at different time distances. Let's say you are interested in monthly income. We look at the corresponding line in the first column, then go to the last column, there is profit minus all commissions, that is, net income.
So, we talked about everything you need to know to work effectively with our mining calculator. Good luck!
Have you decided to mine some Dash? In principle, correct. Over the year, the rates of the main coins have increased significantly. Thus, DASH in 2017 increased from 2 to 1200 dollars (SIX HUNDRED TIMES!!!). If you decide to start mining dash, then you need to select the appropriate equipment and find out its profitability.
Mining calculators allow you to calculate mining income, taking into account investments in a mining farm, the cost of electricity, exchange rates and other indicators. Once you've done your math, check out various reviews of Bitcoin mining hardware to see which miner is best for you.
Before choosing and purchasing equipment, it is necessary to make calculations of payback and future profits, as well as energy costs (this is a significant part of the costs). For this, there are special calculators for automatically calculating the profitability of mining equipment along with the level of its energy consumption.
Please note that long-term calculations of Dash mining profitability using calculators may be inaccurate due to a number of factors: sudden changes in rates (which change every day and sometimes by X times at once), the difficulty of mining the coin and a number of other parameters.
Basic concepts of mining calculators for calculating profitability
Profit- you begin to receive it only after you have returned your costs for mining equipment, electricity, equipment repairs, and rental premises.
Payback period- this is the time required for the operation of the equipment to generate a profit, which in total should cover your expenses for the mining farm.
Hashrate is the computing power of the equipment. How many hashes can a given video card or miner calculate per second. The more power, the more coins.
Mining difficulty- a value determined by the blockchain network. It grows over time, online calculators take this indicator into account automatically in their calculations.
Miner- a device on which cryptocurrency mining occurs. By default, any computing device: GPU video card, ASIC miner, CPU processor.
Mining farm- a set of equipment for cryptocurrency mining, combined in one room (for example, 4-8 video cards connected).
Energy consumption- how much electricity the equipment consumes; when calculating, take the tariffs that are relevant to you, since they can greatly influence profitability.
Online calculators for mining Dash cryptocurrency
Mining profitability can vary greatly, even when mining using the same algorithm or hardware. This happens due to constant price movements and jumps in network complexity.
We have studied the most accurate and easy-to-use mining profitability calculators:
| № | Name | Website |
| 1 | WhatToMine | http://whattomine.com/ |
| 2 | Profit Mine | http://profit-mine.com/ |
| 3 | CryptoCompare | https://www.cryptocompare.com |
| 4 | BitcoinCloudMining | https://bitcoincloudmining.center/ |
Cryptocurrency mining calculator WhatToMine
This is one of the best and top cryptocurrency mining profitability calculators that are on the market today. In the mining calculator sections, you can choose the type of calculator, including a GPU and ASIC calculator, a coin calculator, as well as dual mining Ethereum (ETH), Ethereum Classic (ETC) or Expanse (EXP) +Decred, +SC, +LBC, + PASC and +PASL.
The calculator, based on the data of your hashing rate, power, cost of electricity and a number of additional functions, will quite clearly calculate the profitability of mining a particular cryptocurrency on your equipment. It will calculate your estimated cryptocurrency production per hour/day/week/month/year and show the profitability of mining, taking into account costs.
Profit Mine video card mining calculator
Calculator website: http://profit-mine.com/
We offer you a simple and convenient video card mining calculator from Profit Mine. This is a powerful calculator that allows you to calculate mining profitability based on your video card and equipment, cryptocurrency and algorithm. It is noteworthy that it shows the profitability of one coin under different algorithms.
It is possible to calculate ASIC using 5 algorithms and GPU using 12 algorithms. You just need to select your video card or ASIC miner from the proposed list of equipment, specify the cost per hour, energy consumption and commission, after which the calculator will calculate the profitability of mining.
Calculator website: https://www.cryptocompare.com
This is a simple and intuitive calculator. You fill out the fields by filling in the Hash Rate, Hardware Consumption and Energy Cost (in $) fields. The system will show how much you will earn/lose on mining per day/week/month/year.
Universal Russian Crypto mining calculator from BitcoinCloudMining
Calculator website: https://bitcoincloudmining.center/
The BitcoinCloudMining portal has prepared convenient calculators for calculating the profitability of mining 57 cryptocurrencies. You select an algorithm, a coin and click on the calculator, after which you find yourself on a separate page.
On the page of the coin mining calculator, you select the billing period and enter the miner speed, specify the costs of electricity, commissions and fees, and then click “Calculate”.
As a result, you will find out your profitability from mining. How it turns out - pool and exchanger/exchange commissions, as well as electricity costs, are deducted from the mined coins per hour/day/week/month.