As of late, the value of dash has been steadily increasing. Furthermore, its X11 algorithm is miner friendly, providing a great return on investment.
Since ASICs can be used to mine Dash, the ROI (return on investment) is even greater. ASICs are designed specifically for mining. They have the highest hash rates and the lowest power consumption.
Should you Mine Dash?
While Dash mining is profitable, it may not be the best idea for those simply looking to acquire currency.
If you just want cryptocurrency, it is probably a better idea to buy it. Mining hardware is very expensive, and unless you are mining on a large scale, it’s hard to turn a profit.
For those looking to acquire cryptocurrency, buying Bitcoin is a better investment.
Is Dash Mining Profitable?
Yes, yes it is. In fact, Dash is one of the most profitable currencies to mine in 2017.
Its X11 mining algorithm was intended to decentralize hashing power by making it easier to mine.
This means the average person looking to mine cryptocurrency can mine this coin without breaking the bank.
3 Factors that Affect the Profitability of Dash Mining:
X11 Algorithm - Dash’s X11 algorithm is relatively easy to mine. This means the MHash/s/$ is high, which is one of the main factors to consider when looking at mining profitability. Dash can be efficiently mined without using too much costly electricity.
ASIC Friendly - Unlike Ethereum, Dash can be mined with ASICs. They are specifically designed for Dash mining, and have the highest hash rates with the lowest power consumptions.
Increase in Value - Dash is instantaneous, anonymous, and has extremely low fees. All of these factors contribute to Dash’s steadily increasing value. As the value of Dash rises, so does the mining profitability and the return on investment.
How to Check Your Mining Profitability
Checking your projected Dash mining profitability has never been easier.
Cryptocompare’s Dash mining calculator is an awesome tool that shows you exactly how much money you’ll make.
For example, if you mine with the Baikal Giant A900 ASIC miner which has a hash rate of 900 MH/s and a power consumption of 216 watts, you’ll make over $4,800 annually per miner.
Simply enter in your miner’s hash rate and power consumption to view your projected earnings.
How to Mine Dash
If you’re a beginner, mining for the first time can be a bit tricky.
Fortunately, the infographic below will teach you how to mine Dash!
Feel free to contact me about using this infographic on your website!
Dash Mining Pools
Joining a Dash pool will help to ensure more consistent success. Instead of just you mining on your own, you can team up with other people also looking to mine Dash. This makes the process of mining much quicker.
The official dash website recommends these mining pools: