Global Dash Mining Shortage

in #cryptocurrency7 years ago

There is currently a global DASH mining shortage - all physical DASH miners are sold out. We took a look at all the the available DASH miners (also known as ASIC miners, X11 Miners) including:

Why is there a DASH miner shortage

The DASH ASIC "Baikal Giant" mines 900 Mh/s[/caption] The simple reason is because DASH mining is extremely profitable and miners have small availability. DASH needs to be mined with specialized mining equipment called ASICs. These chips are design to specifically mine the X11 algorithm and cannot be used for other purposes. This means these chips are produces in small supply and isn't easy to reconfigure entire factories to make more of them.

Why is DASH mining so profitable

Dash Network Difficulty The DASH network Difficulty has stayed stagnant over the past few months[/caption] DASH has gone up exponentially whilst the difficulty of mining DASH has stayed the same, making DASH the most profitable cryto-currency to mine right now. If you have an ASIC miner such as the Baikal Giant A900, then mining with it will return your investment in less than 2.5 months!

DASH Cloud-Mining 

Genesis mining is currently selling X11 mining in the form of a 2-year contract. 2 years of upfront payment must be made. Everything mined during the 2-years will go to the contract owner.

  • No Maintenance – Unlike the Genesis mining bitcoin contract, there are no maintenance or electricity fees. This is an important factor in ROI calculations as the electrical bill can significantly cut profits.
  • Cost – $6 USD per 1 Mhz (hashrate). The price the hashrate goes down if you purchase in larger quantities (Goes as low as $4.5 per Mhz with the 1000 Mhz Plan)
  • Coupon – 3% discount with coupon:  6bXKwD
  • Return on Investment = 436%

Disclaimer: Information contained on Boxmining.com is for informational purposes only. It should not be considered legal or financial advice. You should consult with an consultant or other professional to determine what may be best for your individual needs. Cryptocurrency and mining are subject to huge losses and/or gains. 

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Dash = scam coin?

Its inferior to STEEM but definitely not scam...

You have great quality posts. Keep it up, I enjoy following you. I'm sure your Steem rewards will get bigger quickly as you get more followers.

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