Dash cryptocurrency - how to earn and where to store. Dash (DASH) Mining Calculator Cloud Dash Mining

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:

1. 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.
2. 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.
3. 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.
4. 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!

Dash mining difficulty is a parameter that characterizes the hardware requirements necessary to mine the next block of a virtual coin. As of May 4, 2018, Dash is in 12th position among all cryptocurrencies. Its rate is $494 per coin, and its capitalization is $3.98 billion. At the same time, Dash is one of the promising virtual currencies, due to its characteristics, reliability and stable growth in value.

Online chart of the Desh cryptocurrency rate:

An increase in the difficulty of the virtual coin is considered an indirect confirmation of demand. At the beginning of January 2017, this parameter was at around 60–65 KH/s. A sharp jump began in mid-September 2017. In just 3 months, Dash's difficulty jumped to 95 MH/s. Subsequently, this parameter decreased slightly, and as of May 4, 2018 it is at the level of 75 MH/s. Such jumps indicate a sharp increase in miners’ interest in the new cryptocurrency.

What is driving the increase in complexity of the Dash network?

Dash is a virtual money that appeared in early 2014. The cryptocurrency was introduced as Xcoin, but later it changed its name to Darkcoin. Another name change occurred in the spring of 2015, when the coins received the name Dash. Evan Duffield is considered the creator (he was the one who developed the code). Over time, he realized that he could not cope with the task alone, which led to the expansion of the team.

When creating Dash, the developers set the task of combining all the best that is available in the Bitcoin cryptocurrency, as well as adding personal developments. At the same time, Dash is positioned not as virtual money, but as a full-fledged payment system.

Mining Features

The increasing complexity of the Dash network should be taken into account by miners who are mining the virtual coin. It is worth noting that Dash is based on a different algorithm called X11 (Bitcoin uses SHA-256). The peculiarity of the protocol is that it combines 11 different algorithms. The advantage of X11 is the presence of a 2-level structure, which simplifies the process of updating the system.

Miners also receive their share of bonuses. For example, the difficulty of Dash is controlled by the DarkGravityWave system, which ensures a smooth increase in the mentioned parameter and ensures system stability. As for equipment for Dash mining, farms on video cards and cloud mining are being used less and less, and ASICs are coming to the fore.

Differences from Bitcoin

The increase in the complexity of Dash is due to the features and a number of advantages of the cryptocurrency (when compared with the same Bitcoin). Let's highlight the main differences:

1. Dash uses a group of encryption algorithms, which ensures greater reliability.
2. The anonymity of cryptocurrency is higher.
3. Energy consumption is at a lower level.
4. Each participant has the right to initiate changes to the project. This is possible through voting.
5. Developers are visible, are public figures, give interviews and are the first to announce the appearance of innovations in the system. All this adds confidence in the positive future of Dash.

Dash mining calculation - main nuances

Dash mining difficulty is a parameter that reflects the requirements of the cryptocurrency network for the equipment used to search for hashes and mine the next blocks. To get a new node in the chain, miners use video card farms or ASICs that perform mathematical calculations to find the appropriate code. A certain number of coins are paid as a reward. In the case of Dash, the block reward is constantly changing and as of May 4, 2018 it was 3.35 coins. On average, about 23 new elements are mined within an hour.

Using the difficulty parameter, developers control the emission of virtual currency. As soon as equipment with a higher hashrate appears, the network reacts to this by increasing the mentioned indicator. This situation occurred at the end of 2017, when due to the emergence of ASICs, the growth of the exchange rate and the popularity of virtual currency, the difficulty of Dash also jumped. If the pace decreases, the indicator in question also decreases. As a result, the system is in equilibrium.

Subtleties of calculations

Calculating the difficulty of mining Dash is different from the calculations that are carried out for the Bitcoin cryptocurrency. This is due to the fact that the algorithm for the operation of virtual currency has changed (as noted, it is based on the X11 protocol). The parameter changes depending on the network load and is regulated by DarkGravityWave. The reward for a mined block is not fixed and is calculated as follows:

• 2600 is added to the current difficulty.
• The resulting number is divided by 9, after which the final figure is multiplied by 2.
• 2222222 is divided by the number obtained as a result of the considered calculations.

In general, the formula has the following form - 2222222/((Difficulty+2600)/9)*2).

Interestingly, the first 48 hours of virtual currency mining turned out to be the most promising. During this period, 1.9 million coins were mined due to errors in the network. Over time, the gap was closed by the developers, but the situation could not be corrected. The maximum number of coins that can be mined is 22 million. At the same time, cryptocurrency network experts assure that given the current situation, it is unlikely that it will be possible to receive more than 18 million coins.

Mining of virtual coins (theoretically) can be carried out on the CPU, GPU, using cloud mining services and on ASICs. The profitability of Dash is individual in each case. To make calculations, special calculators are used, the selection of which will be discussed below. Looking ahead, we note that the most profitable way is to mine cryptocurrencies using ASIC miners.

Subtleties of calculating Dash mining and rules for choosing a calculator

Looking at the situation in the cryptocurrency market, as well as at the increasing difficulty of Dash mining, many make the right decision - to calculate the profitability of cryptocurrency mining using a special calculator. It is important to know how to choose the right program and which services to give preference to. Let's look at the main points.

Selection rules

When choosing a Dash mining calculator, you should consider the following aspects:

1. Availability of Russian language. With the growing popularity of Dash mining, many services have appeared that allow you to calculate the profitability of mining. Most services have an English-language interface, but there are also those that are translated into Russian or made by users from CIS countries.
2. Convenience of the interface. It is important that the use of the calculator is convenient for any user, including beginners.
3. Accuracy. The key selection criterion is the accuracy of the results obtained. Everything is complicated here, because it is impossible to determine “by eye” whether the calculator is counting correctly or not. The only way is to study the opinions of miners who previously carried out calculations. Taking into account the practical results, they can draw conclusions about the correctness of the calculations.
4. Versatility. Many services allow you to calculate profitability for different cryptocurrencies - Bitcoin, Monero, Litecoin, Dash and others. The more algorithms a service covers, the better.
5. Possibility of forecasting. Indicators such as complexity, exchange price and premium are dynamic. They change over time. It’s a big plus if the program automatically predicts future changes or allows the cryptocurrency user to set errors.
6. Reviews. The best way to know whether to trust a calculator or not is to read other people's comments. If a person has been mining for a long time, and has made calculations many times using this or that program, he is able to adequately assess its quality.

Parameters required for calculation

Dash mining is calculated using many parameters, each of which affects the final result. Let's highlight the main indicators:

1. Calculation period- time that is taken into account when calculating the payback and profitability of the cryptocurrency.
2. Hashrate- productivity of the equipment used. This indicator is often set automatically (when selecting a specific video card or ASIC) or is set manually by the user. The higher this indicator, the higher the potential profit a participant in the crypto network can expect.
3. Power consumption. The mining process uses equipment that is connected to a household network and consumes electricity. The power parameter shows how many kW the equipment consumes per hour. As a result, you can calculate your energy costs and subtract them from your total profit.
4. Electricity tariff. In each country, and sometimes in the region (as is the case with the Russian Federation), the cost of 1 kWh varies. This must be taken into account during the calculation process and the corresponding parameter must be entered in a special column.
5. Commissions. Independent (solo) mining is rarely used due to the increased difficulty of mining Dash. For this reason, users connect to pools that charge different commissions - from 0 to 7–10%, depending on the type of reward payment for the mined block.
6. Other expenses. This category includes additional costs (for conversion, withdrawal of funds, and others).

Regarding difficulty, Dash exchange rate, block premium and other dynamically changing parameters, they are entered automatically by the program at the time of the calculation date. This is convenient and simplifies the calculation process for the user.

Types of profitability calculators

Programs for calculating the payback (profitability) of mining come in several types (depending on the equipment):

1. On the central one. For the first two years, miners mined cryptocurrency using CPUs. Today this method has lost its effectiveness, but if you wish, you can do the calculation using Nicehash.
2. On the GPU. A more profitable solution is to use modern video cards that have greater performance. As complexity grew, network members began to assemble GPU farms, which included 4 or more modern video cards. In this case, the efficiency of cryptocurrency mining increases significantly. Popular services for calculations are bitcoincloudmining.center, in-trend.biz/mayning/dash/ and others. Alternatively, you can use the Nicehash mentioned above. Its advantage is that the miner sets the equipment, and the system independently sets the basic parameters.
3. On ASICs. A more advanced option is to mine Dash using . Popular models today are iBeLink DM22G X11/Dash Miner, Bitmain Antminer D3 and others. The advantage of such devices is higher performance and lower energy consumption.
4. On . Here you can use the same calculators to calculate profitability as for other cases (the programs are discussed below). The difference is that you can enter zeros in the line of equipment power and electricity costs.

After completing the calculations, the miner receives information on the payback period of the equipment (the time it will take to cover the initial costs), total and net profit. In the latter case, we are talking about income from which the costs of electrical energy are deducted.

Best Dash Mining Calculators

Popular services for calculating the profitability of Dash mining include:

1. Bitcoincloudmining.center- a multifunctional platform that allows you to calculate the profitability of many virtual coins, including Dash. To carry out calculations, just select the algorithm and cryptocurrency of interest, and then indicate the information for the calculation (period, equipment hashrate, its power and electricity tariff). Commission and other additional costs are also indicated. After clicking on the calculation button, the system displays the miner’s profit.
2. In-trend.biz- a simple and easy-to-use calculator where you need to indicate the performance of the equipment used, its power (in watts), as well as the cost of 1 kWh of electricity and the pool commission. After calculations, the system displays profit per day, electricity costs, as well as net income (excluding costs).
3. Cryptocompare.com- a convenient platform for calculations, which has a well-thought-out interface and is highly accurate (according to user reviews). To calculate profitability, it is worth indicating the productivity and power of the equipment, the price of 1 Wh in the region where the work is being carried out, as well as the percentage charged by the pool. As a result of calculations, the user sees how much he earns per day, per week, month and per year.
4. Profit-mine.com- a reliable calculator that allows you to calculate the profitability of mining a virtual coin on a GPU (video card) and an ASIC miner. To obtain the necessary information, you need to enter a standard set of information, namely the hashrate of the equipment, the size of the commission, the energy consumed, as well as the number of equipment used (for example, the number of ASICs). As a result, profitability is given for various cryptocurrencies, including Dash.
5. Nicehash.com- a favorite calculator of many users, due to its ease of use and the ability to select equipment from a large list of options. The user only needs to indicate the device model used, currency and electricity costs. For advanced users, it is possible to specify additional settings.

In addition to the services discussed, there are other platforms for calculations, for example, whattomine.com, red-miner.com, bitmakler.com. Regardless of the calculator, the principle of use and the data entered by the user remain almost unchanged. To obtain greater accuracy of calculations, it is recommended to use several calculators (3–4), and then derive the arithmetic average.

Dash Mining Profitability

Looking at the Dash difficulty graph and the sharp increase in this parameter, a question arises regarding the relevance of mining. As noted, cryptocurrency mining on the CPU has lost its relevance. Mining on GPU farms is also gradually becoming a thing of the past, which are increasingly being used to mine “younger” cryptocurrencies that have low mining complexity. For example, the AMD RX Vega 64 graphics card produces 12.8 MH/s. Even if you install 10 of them in a farm, the total hashrate will be 128 MH/s. With such productivity, electricity costs will exceed the miner’s earnings, not to mention the costs of purchasing expensive video cards.

The best solution is to buy ASIC miners. Let's look at some options:

1. Bitmain- a powerful and relatively inexpensive ASIC that produces 17 GH/s and its power is 970 W. As of May 4, 2018, the cost of the device on the official website is $311. At the same time, the monthly profit is about $93. This means that the cost of purchasing equipment can be recouped in 4 months. When calculating, we used the electricity tariff for Moscow - $0.09 per 1 kWh (it will continue to be taken into account).
2. will cost buyers $2,360 (as of May 4, 2018). In this case, the user has at his disposal a device with a hashrate of 65 GH/s and a power of 1.5 kW. This device allows you to earn about $500 a month. This means that payback occurs in five months.
3. ASIC X11 Miner DR-100 PRO will cost 743 US dollars. ASIC performance is 21 GH/s and power is 900 W. With these characteristics, a miner can expect a profit of $135 per month. Payback time is six months.

As for cloud mining, the profitability here is slightly lower, and the payback level is approximately equal for all services. For example, consider the genesis-mining.ru site. Here 500 MH/s will cost 2.25 thousand dollars. With such productivity, the monthly income will be about 4.6 dollars. This means that you can’t count on payback at the current rate of $494 per coin (as of May 4, 2018).

For comparison, you can give the profitability of mining on another service, hashflare.io. Here 1 MH/s will cost 3.2 dollars. If a user buys above 500 MH/s, he will have to shell out $1,600. The amount is impressive considering that the profit is currently about $4.6.

Taking into account the above, the conclusion suggests itself that in order to generate income from Dash mining, you cannot do without purchasing ASICs. Even so, it is important to use calculators to calculate returns, take into account the complexity of the cryptocurrency network, and consider the potential movement of the Dash exchange rate. Only with an integrated approach and market analysis can a miner count on results.

Despite the fact that the number of alternative cryptocurrencies, that is, opposed to Bitcoin (which has long exceeded the 10,000 mark), has only a few real competitors that have the prospect of matching the price or surpassing the pioneer.

The reason for this situation is that the majority of users are focused on a rapid increase in capital and are interested in new coins only during the initial rush. When it subsides, crypto hunters forget about it and turn their attention to new offers, of which there is no shortage.

In this review, we will look at a confident participant in the TOP 10 most expensive cryptocurrencies - the Dash coin in the context of a tool for making a profit through mining. How to mine Dash - instructions for those interested.

How is Dash different from other cryptocurrencies?

Before examining the question of how to mine Dash, it is necessary to determine why this cryptocurrency deserves to switch mining power to it.

A little history. Having been founded in 2014, the Dash cryptocurrency (Dash or Dasha), initially, the development team gave the coin the name Xcoin, playing on the anonymity of the network. The second option was the name Darkcoin, reflecting the prospects for use as a means of payment on the so-called darknet, and only after more than a year, in the spring of 2015, the currency received the final name Dash. The new name has completely moved away from the darknet and anonymity and stands for “digital cash”, that is, digital money and rapid movement.

Work on the network began with one person - Evan Duffield. With his activity and ideas, Evan very quickly organized an excellent team around himself, which accelerated the process of working on the project significantly.

The implementation was not taken from an idea, but after a thorough analysis of the advantages and disadvantages and supplemented with many of our own solutions.

The result was Dash, positioned not as a traditional cryptocurrency, but as an alternative international payment system.

The main task of the team– this is the elaboration of all processes of using a coin in such a way that they do not cause difficulties for people of any age and activity.

Dash vs Bitcoin. Key differences

In the first part of the material, it was mentioned that the coin has several key differences from the pioneer of the cryptocurrency industry.

Let's look at them in more detail:

• Dash uses several network encryption algorithms at once;
• High transaction anonymity, comparable to;
• Mining Dash consumes less energy;
• The project team does not hide from users, actively promotes its product and constantly adapts it to current realities;
• Changes to the operation of the network can be initiated by any participant and Masternode operators vote to accept or reject the proposal.

How to mine Dash

One of the differences implemented by the development team was the abandonment of the most commonly used algorithms Scrypt and SHA-256.

The difficulty of Dash mining is not fixed and is adjusted depending on the network load using the DarkGravityWave mechanism. Miners' rewards are also not fixed and not tied to a specific block or difficulty indicator, but are calculated according to the formula - “2222222/((Difficulty+2600)/9)2)”.

Interesting fact. In the first two days after the coin was launched into the public domain, miners mined more than 1,900,000 coins. The reason for this was an error in the network code, which, however, was quickly closed. However, the mined coins remained with users thanks to this error, which caused active and very heated debates on the network.

Despite this, the consensus decision was all “As is” and was not changed.

The total emission volume on the network is 22,000,000 Dash, but experts knowledgeable about mining processes say that at the current level of activity, it is unlikely that more than 18,000,000 coins will be mined.

The Dash network supports four types of mining:

• Mining DashCoin on the processor;
• Mining Dash on a video card;
• Mining Dashcoin on an Asic miner;
• Using cloud mining services.

Separately, it is worth noting mining on nvidia and radeon video cards, since the X11 algorithm used not only requires less energy for calculations, but also heats up the GPU processor less, which reduces the cooling load and also saves electricity.

The key requirement when mining Dash on video cards is to constantly update the drivers to the versions that provide the highest hashrate.

How to mine Dash?

Each direction of cryptocurrency mining has its own unique settings and the most popular pools, which we will consider in this section.

Mining Dash on a video card

If you have asked these questions recently and have not made any purchases, then before making a final decision on video card models, it is best to study thematic threads on forums related to the topic being described.

Users who assemble farms for cryptocurrency mining have many life hacks that are difficult to describe in specific material; rather, you will have to create a book.

Regarding the question “how”, the answer for video cards is clear and these mining programs are used by the vast majority of users working with Dash.

For Nvidia cards this is the ccMiner program, AMD – sgminer.

On all the same forums, there are a sufficient number of configuration files for all major video cards, giving a hashrate sufficient to pay off the farm, in principle.

If mining is carried out on machines located in the office, so to speak, at odd hours, or on the computer equipment of enterprises, it is convenient to use the MinerGate multipool, which does not require any settings and automatically switches the process to the coin that has the highest price/quality ratio in this moment.

CPU Mining Dash

Since the mining of many TOP cryptocurrencies is carried out more by GPU processors, part of the CPU power remains unclaimed, so users transfer it to, albeit not very productive, but still coin mining.

Programs that allow you to do this as profitably as possible are presented in the list:

• Cpuminer;
• Minerd;
• Xcoin-miner.

In addition, the use of the above-mentioned multipool, which supports both types of processors in operation, is applicable here.

Asic mining

The general Asic category refers to a family of special chips that has noticeably expanded in recent years, assembled into ready-to-use small-sized farms aimed at mining coins with a specific operating algorithm.

For the object of our review, the most The following models are suitable:

• Pinidea X11 Miner DR-1;
• iBeLink DM384M X11;
• Baikal A900 X11;
• Pinidea X11 USB DU-1.

Important. Due to the fact that many governments of the CIS countries, especially the Russian Federation and Ukraine, have begun to actively oppose mining in an extremely strict format, namely confiscation of equipment, seizure of accounts and other methods, carefully study suppliers and conditions for purchasing equipment, payment format and seller guarantees upon delivery. There are increasing cases of scammers, disguised as sellers, sending non-working equipment or empty cases under the guise of 100% working miners with the appropriate mark, after 100% prepayment by the buyer. Customs finds problems with registration, undervaluation or refusal to pay duties and confiscates the parcel. The buyer's money is lost.

Where to mine Dash?

Now let's move on to one of the burning questions - where to mine Dash?

Coin mining can be done either independently or in community with other miners.

Solo mining is not particularly popular, since increasing difficulty significantly increases the speed of finding blocks, and accordingly, accruals occur extremely rarely.

This method is used only by those with very high computing power.

For everyone else, the question arises in choosing a pool to connect their power to. Quite a few pools have closed or otherwise deceived their participants over all this time. Users are very careful when choosing sites.

In the process of reviewing programs for coin mining, the MinerGate multipool was mentioned, which allows you to easily connect equipment and start mining. But, as was said, it is best suited for working with small capacities, the fine tuning of which will not add a noticeable number of hashes.

Is it profitable to mine Dash?

This question is often asked first, even before they begin to understand what is actually to be mined.

However, in the format of making a profit, cryptocurrency must not only be mined, but also sold profitably in order to work off the funds invested in equipment or the acquisition of capacity and make a profit.

Profitability of miningDash depends on two factors - the complexity of calculations and the value of the coin on the market.

The market itself is very vast. Since the coin is in the TOP 10 in almost all indicators that measure cryptocurrencies today.

Capitalization is more than $2 billion, and The list of trading platforms for buying/selling looks impressive:

Finally

Mining the Dash cryptocurrency can definitely be considered a profitable activity if you approach the process with mathematical calculations and a clear understanding of the goals that the user wants to achieve by entering this business.

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 already 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.

Security 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 per 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.