What is Dash Mining?
Before discussing what dash mining is and how to get started, let’s first talk about the Dash coin. You may find the idea and concept of Dash absurd, or you might not want to be involved in Dash coin mining.
What is Dash?
Dash is an altcoin. The founders of the company created the name by combining digital and cash. It is an altcoin that aims to create a cryptocurrency that can be used for payments. It is gathered through a process called Dash coin mining.
Everybody claims that cryptocurrencies are the next step in finance. This is not true. The User Interface (UI) is too complex. It takes too much time to pay. It isn’t easy to use in real life. Dash will solve these problems, promises Dash.
This cryptocurrency redirects miners incentives to speed up your entire system. Standard practice dictates that the miner who solves a hash function receives all of the rewards. The Dash system divides the reward in two ways. The miner gets 45%, while the 45% goes the charity. Masternode 10% goes to the Treasury.
What are Masternodes? These users have at least 1,000 Dash, and they agree to keep their system up 24/7. Masternodes manage Dash’s Private send and Instant send functions, and they vote on important business decisions. Masternodes are expected to want to make the best decisions for everyone. Masternodes have 1,000+ Dash to help them succeed.
An altcoin is a cryptocurrency that was created after the success of Bitcoin. The hash function is a math problem that encrypts the Blockchain. Miner – A blockchain user who uses his computer for solving hash functions. The miner is rewarded with the coin if he solves the function first.
What do I need for my Dash?
To start mining Dash, you will need a computer and an Internet connection. There are three ways to mine Dash coins. Your computer’s CPU can be used. The GPU can be used to run the process. You can also use ASIC computers.
Dash mining using a CPU is the most cost-effective. It is also the slowest. It is slower than the two other options. The Intel i7 8700k consumer CPU is one of the fastest on the market. It has a hash rate of around 500 h/s.
Mining Dash with your GPU can be more costly but also much faster. A $900 NVIDIA GTX1080Ti can get 32 Mh/s. This is more than double the speed of CPU mining. ASIC computers are the best and most recommended way to mine Dash.
ASIC (Application Specific Integrated Circuit) machines can be tailored to accomplish specific tasks. It solves hash functions involved in Dash mining. In the next section, we will discuss them more.
What is an ASIC computer?
ASIC computers are custom-made machines for a specific purpose. Dash mining is the purpose of the X11 ASIC computers. These processors remove everything that is not necessary, including Facebook. Yes, we are also horrified!
The hash rate ASICs are therefore unrivaled by what even the most powerful GPUs can achieve. The $133 Bitmain Antminer 3 has a hash rate of 17 GH/s.
Here are some comparisons:
– i7 8700k = 50 hash/s
GTX 1080 Ti = 32,000,000 hash/s
Bitmain Antminer 3 = 17,000,000,000 hash/s
What is a GPU?
Antminer D3 doesn’t have the best ASIC. Machines with 540 GH/s are available at the cost of over $15k.
The Cost of Dash Mining
Dash mining is not a glue that will hold you to your chair, but it has some costs beyond the time investment. First, you’ll need an ASIC to mine. The machine can’t be run on your hopes and dreams. To function, it needs electricity. The Antminer D3 requires 930W to operate and is one of the least power-hungry ASICs.
The system can run at maximum speed 24/7, which causes it to wear down, and turns the room into a sauna. It is unrealistic to expect an ASIC to last for several years by buying it. You must also pump electricity, keep your gear clean, and keep the machine cool. It’s not worth the effort if your system is slow or you don’t make any Dash.
How to mine Dash
There are three methods to mine Dash.
ASIC mining is recommended because ASIC rigs dominate the network. This will focus on using a GPU to mine, as that is what most readers have. You could also run a masternode. However, the exact instructions can also be used for ASIC rigs.
Step 1: Download a Dash wallet
You will need a wallet to store your mining rewards. There are many wallets available. If you plan on mining, the Dash core wallet is your best choice. It is used to store Dash. However, it does download the entire Dash blockchain so that it will eat up some hard drive space. A hardware wallet such as the Trezor and Ledger is an excellent option. This wallet is the most secure.
It is possible to mine Dash directly to an Exchange wallet. However, we do not recommend this option if you plan to convert the Dash into another currency. Make sure the exchange supports Dash.
Step 2: Download Mining Software
The original sgminer is used to create mining software for Dash. However, it has not been updated in many years and doesn’t have binaries available for download, so that we will be using a version of ccminer. The following is an option for Nvidia cards: Version KlausT CUDA kernels have been optimized for Windows. You can use the AMD card if you have one. Nicehash sgminer Version.
You will need to create an exception in your anti-virus program for the folder where you intend to extract the mining code. You can also disable automatic Windows updates and sleep mode to ensure that your mining is not interrupted.
Step 3: Configure a miner and get a DASH mining pool.
ASIC rigs dominate the Dash network, so it’s impossible to mine Dash solo. You’ll need a mining pool. These are simply miners who pool their resources to share the mining rewards. Although you will receive smaller payouts, they will be more frequent. There are many great options for finding the right deal.
You will need the server address to connect with the mining pool. This is the most critical information. This information, along with your wallet address, will allow you to set up a ccminer’s.bat file to connect to the mining pool and receive your coins. You can modify the.bat file by right-clicking and then opening it with Notepad or another text editor.
The readme file included with the mining software download contains the settings for your.bat file. If you are using the KlausT version miner, the following settings will be used for your.bat files: ccminer.exe: a X11 strategy+tcp://nodeofchoiceURL. After everything is done, double-click ccminer.exe to open a command window that displays your mining progress.