Is Dash DASH Mining Still Worth It

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Jun 27, 2017 - Dash Mining Pools. You'll find that you can receive more consistent rewards by joining a Dash mining pool than by working on your own. The Bitcoin network itself. This means that even though you might find more rewards than when mining, say, Ethereum or Bitcoin, the reward will not be worth as much.

At a glance • • • • • Introduction aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. Its network features instantly confirmed, double-spend-proof, optionally anonymous transactions, a self-governing & self-funding model through incentivized full nodes and a to scale to up to Dash is the first true Decentralized Autonomous Organization (DAO). Our network is able to hire and pay people to improve itself. Check the resources below for detailed information • • • • • • • General Links • • • • • The Dash Tip-Bot News & Podcasts • • • • Instructional links • • • • • Tools & Statistics • • • • • • • • • • Buy Dash P2P • • • • Shop with Dash • • • Community • • • • • • • • Masternode & Governance Tools • • • • Related Subreddits • • • • • • Offer a service for Dash? The last time I mined anything was back in 2012 and even back then I realised unless you got your mining equipment and electricity for free then you were better off buying already established coins on an exchange after the price had dropped (which always happens a few weeks or months after they are dumped on the exchange). I realised after I mined around 4000 Litecoins in 3 months back in 2012, if instead I had just used the money I spent on electricity and the cost of the 6 mining rigs that I had built I could have have bought around 6500 Litecoins straight out. I got more coins by buying outright than from mining, except in some rare cases for new coins that hadn't already hit the exchanges.

I'd then dump these new coins I had mined while everyone was buying with the FOMO in their eyes and most of the time these new coins were just a pile of crap anyway (Worldcoin, Feathercoin, etc) Now let me tell you the problem with the dedicated mining hardware that comes out. If it's so good to mine with, why aren't the manufacturers of these miners using them instead of selling them to you for much less than what the return on mining would be is?

The answer is simple, this is exactly what they are doing (in my opinion). You might think your mining rig was delayed because of high demand, but I doub't that.

I expect it was because whoever was manufacturing them were using them to mine with before sending them out to customers and intentionally holding them back (or only releasing a select few) so you only got them after the mining difficulty had jumped up - all because of their prior mining activities. Think about it. If you could create super mining rig hardware that nobody else can compete with and can mine multiple times more coins than any hardware that is already available, would you use it to mine with or would you sell it to someone else cheaper than the returns you could get from using it? It's hardly rocket science is it? First let me say how envious I am that you mined 4000 litecoin. That sounds like the most glorious thing ever. Second I think the reason a lot of companies sell the mining equipment is for a similar reason that places like Genesis sell mining power - to hedge themselves against possible future outcome.

Mining no matter what is a gamble since it could be wildly profitable or it could wind up not even paying for itself based on the fluctuating price of the currency in question. If you sell the equipment or hashing power for cash now you are effectively hedging against a potential down market or worst case scenario. It's likely that the companies you're referring to do in fact mine with a ton of their own equipment, and sell a ton as well in order to get cold hard cash now. I gotta say there's one nice advantage about mining some of your coins. They're not liquid until they're mined. I know that sounds like a disadvantage but not for everyone. Having all your assets sooo liquid in an environment rife with fud/bugs/hacks is dangerous.

In the last six months I've spent as much in mining equipment (dash,decred,sia miners [plus cash on hand to pay their elec bills]) as on my last family wagon. I spent twice that on coins themselves. Now I'm just gonna lock em all up (or stake the coins I can [day, decred, eth]) and read, read, read about these technologies themselves and not on the 'get rich quick' aspects of crypto. Only problem I see is that you are technically illiterate.

On ebay you can buy motherboards, risers for your GPU cards and your actual graphic cards. Make your own. There are many youtube videos showing you how to build your own for MUCH less money and you can actually watch your hashrate stats live! The latest software is and that along with Afterburner for over clocking and a wattage meter can net you loads of coins.

This market can only go up. I invested back in 2010 on a butterfly miner that ran day in day out.

Electricity was about the same with 850 watt PSU. Those years bitcoin went from $10-$300 and mined with a pool. I can't tell you how much they are worth now. Gotta stop giving advice if you don't know your subject • • • • • •.

Firstly, I only got involved in mining in 2012, I'd never set up a mining rig before, didn't have the luxury of having months of research before I started and didn't want to waste any time getting started. Yet within a month of learning about crypto I'd built, configured and was running 6 mining rigs 24/7. This was at a time where Butterfly Labs were taking pre orders for mining rigs at around £20k each.

People were complaining about still not receiving them after I'd shut down my mining operation and I sold my mining rigs. Also, at the time people were getting great results from GPUs mining. I didn't have the sort of money to invest in a dedicated £20k mining rig at the time so I built 6 mining rigs where the most expensive components were the GFX Cards (using AMD cards that were giving the best returns available at the time). My mining returns at the time were excellent when comparing to others who were mining and I was using many different mining pools back then to mine various coins.

When I first started mining LTC I was getting around 60 coins a day, 3 months after the difficulty on LTC had risen so much that if I continued mining it I would have only got 4 a day. Before it got so low I started mining other more profitable coins then sold my rigs. Even though I made a lot of coins in a short period I still would have gained a significant amount more if I'd have bought them straight out, instead of mining them.

How To Mine Einsteinium EMC2 With Gpu. So, other than not knowing that difficulty would increase so much on LTC in such a short period of time and considering the short time in which I had in crypto before starting to mine, I fail to see how you ascertain that I am 'technically illiterate'. • • • • • • •. Been mining ZEN since it was $3, cashed out at $25/ZEN.killed it, entire farm is debt free now. ROI very quickly lol. ZEN is about ~3 months old.

Started mining VTC last month when it was under $2.it hit 5.70 about a week+ ago. Killed it Bitmain has 25K s9s humming along. Probably much more now. S9s are the only viable ASIC miners.

Because Bitcoin was 2800 in September. 1800 in August. 600 in January.now it's 7400+. Price keeps going up. So do your profits • • • • • •.

I bought equipment almost a year ago. I made my ROI during Ethereum price rise. I bought more hardware and made my ROI back even quicker with ZEN. I don't pay for electricity, so everything coming in is just profit since I reached my ROI and I don't pay for electrical costs. You're assuming I just paid for equipment last week? Once youve reached your ROI. Everything is pure profit.

I buy BTC directly and mine other coins and then cash out at ATH and move into BTC. The 800%+ gains from ZEN made 100%+ more gains when I exchanged for BCH when it was 330 and cashed out when it hit 680.then I exchanged those for BTC and BTC just hit 7500. I mined about 1800 VTC in ~3 weeks. 1800 x 5.70 = ~10260. So if my equipment has paid for itself long ago, I don't have any electrical costs. How is that not killing it?

Why dont I have any electrical costs? Because someone else pays for it. • • • • • • •.