DASH mining is not profitable! | Bitcointalksearch.org

Chan8

sr. member

Activity: 378

Merit: 250

Quote from: charles2k on October 20, 2017, 12:42:48 PM

Quote from: bathrobehero on October 19, 2017, 10:37:07 AM

Quote from: smoosh on October 19, 2017, 10:25:38 AM

yah once asics get involved it no longer is profitable for gpus

A couple generation of X11 ASICs are out for a while so GPU mining X11 is long pointless but now not just earlier generation ASICs got downgraded into doorstoppers but even the newest, current generation ASICs might not make their investments back considering some people still haven't gotten theirs and how flooded the market is.

We have Bitmain D3 (15Gh/s), PinIdea (17Gh/s), iBelink (10.8Gh/s), Baikal (0.6Gh/s), Innosilicon (30.2Gh/s) that I know of.

and soon new iBelink 22GHs and new Baikal 10GHs...

Soon? Lol ibelink dm22g has already been shipped. Cool

Baikal 10gh should be coming soon. They rarely dont make deadlines.
Innosilicon 30gh, lol lets hope they keep up the great work and reputation and delay till end of december. Grin

I really wonder if any new miners or models will be released Q1 of 2018. Lets hope bitmain chased all these company out of business and they cant produce any miners. Let us roi first.

charles2k

sr. member

Activity: 326

Merit: 250

Quote from: bathrobehero on October 19, 2017, 10:37:07 AM

Quote from: smoosh on October 19, 2017, 10:25:38 AM

yah once asics get involved it no longer is profitable for gpus

A couple generation of X11 ASICs are out for a while so GPU mining X11 is long pointless but now not just earlier generation ASICs got downgraded into doorstoppers but even the newest, current generation ASICs might not make their investments back considering some people still haven't gotten theirs and how flooded the market is.

We have Bitmain D3 (15Gh/s), PinIdea (17Gh/s), iBelink (10.8Gh/s), Baikal (0.6Gh/s), Innosilicon (30.2Gh/s) that I know of.

and soon new iBelink 22GHs and new Baikal 10GHs...

innergy

hero member

Activity: 685

Merit: 500

There is no community.. there are 20-30 members of the Evan's cult clan who own the 90% of the masternodes..
That's why.

Brutalent

member

Activity: 67

Merit: 10

Why the community not create a fork like Bitcoin Cash? This is a possible solution.... Wink

ahmedjamal1998

hero member

Activity: 728

Merit: 537

Once ASIC miners find their way to a coin, GPU cards retire.
That's a general rule. Because ASIC are of much higher mining power and capability. A single one of them is equivalent to more than 10 gpu cards.

Which means that the difficulty sky rockets to the moon making it totally unprofitable for gpus. That's just the same scenario with bitcoin mining back in 2010.

Hopefully ASICs aren't created for equihash or ethhash. I have no idea if it's possible or not. *fingers crossed*

trademark

legendary

Activity: 1932

Merit: 1003

That's correct. Once ASICs are introduced, it's just a matter of time before your profits shrink or it is no longer profitable to mine. Funny thing is, when Dash also known as Darkcoin first came out, it was highly advertised as an ASIC resistant coin. Times have changed.

Chan8

sr. member

Activity: 378

Merit: 250

Yup like what most people said. A bunch of x11 asics has been hitting the market from a few different companies. So difficulty have sky rocketed. But it doesnt mean it is not profitable to mine dash.
It will just take a lot longer to roi, not what everyone thought.
I can honestly say, these last 2 months has been crazy on the x11 networks. Its been raped and abused. Lol.

just a man

full member

Activity: 266

Merit: 100

Partner of UBER GRAB GOCAR

Quote from: innergy on October 19, 2017, 11:19:58 AM

How cares about this useless instamine scam?

It'll be much harder to exchange this coin for profit daily because there will be a small portion of people mining the coin..

ZaoXhou

sr. member

Activity: 467

Merit: 251

Quote from: Brutalent on October 19, 2017, 04:13:34 PM

Masternodes? They are very expensive! The save of this coin is to buy. Increace buy, increace the price. For the Dash community: Save the Dash! Why does not the community invest in this problem? Save the Dash! Or this is the best scam currency in the world ...> Sad

There are a lot of different opinions on whether dash is a scam or not.
Darkcoin instamine anyone?

Brutalent

member

Activity: 67

Merit: 10

Masternodes? They are very expensive! The save of this coin is to buy. Increace buy, increace the price. For the Dash community: Save the Dash! Why does not the community invest in this problem? Save the Dash! Or this is the best scam currency in the world ...> Sad

mR.k0fka

member

Activity: 210

Merit: 10

its too popular coin that is not asic resistant..
thats why

shtako

hero member

Activity: 779

Merit: 502

Dash mining were extremly proftable the first 8 hours after the coin launched. Grin

1. Within the very first hour over 500,000 coins were mined

2. Within 8 hours over 1.5 million coins were mind, which is most of the instamine.

source: https://bitcointalksearch.org/topic/why-the-darkcoindashdashpay-instamine-matters-999886

And it can be verified with a block explorer.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

This has happened to every coin that started out being mined by CPUs, then GPUs... and then when a few miners jump on board with ASICs, they takeover an instant majority of the hashrate. Even so-called ASIC resistant algorithms will eventually fall to this, which is the fate of Bitcoin Gold, eventually, if it at all becomes successful in the beginning. Where there's a reverse programmer, there's an ASIC waiting to be built.

Iwuzhaxxed

member

Activity: 77

Merit: 10

Russian hackers stole my legendary account. :(

Quote from: chaosfourever on October 19, 2017, 11:32:28 AM

You should look into masternodes instead of mining. Masternodes give me a solid amount each day and I don't need to worry about how powerful my pc is.

How much does a masternode cost now and how much does it pay out daily?

sylance

full member

Activity: 392

Merit: 102

Quote from: chaosfourever on October 19, 2017, 11:32:28 AM

You should look into masternodes instead of mining. Masternodes give me a solid amount each day and I don't need to worry about how powerful my pc is.

How do you get into masternodes with Dash considering it takes 1000 coins; meaning over $300,000. I doubt many people are ready to take that kind of plunge at today's prices.

chaosfourever

sr. member

Activity: 406

Merit: 250

You should look into masternodes instead of mining. Masternodes give me a solid amount each day and I don't need to worry about how powerful my pc is.

innergy

hero member

Activity: 685

Merit: 500

How cares about this useless instamine scam?

Brutalent

member

Activity: 67

Merit: 10

It's the "involution" of Dash coin? Grin

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: smoosh on October 19, 2017, 10:25:38 AM

yah once asics get involved it no longer is profitable for gpus

A couple generation of X11 ASICs are out for a while so GPU mining X11 is long pointless but now not just earlier generation ASICs got downgraded into doorstoppers but even the newest, current generation ASICs might not make their investments back considering some people still haven't gotten theirs and how flooded the market is.

We have Bitmain D3 (15Gh/s), PinIdea (17Gh/s), iBelink (10.8Gh/s), Baikal (0.6Gh/s), Innosilicon (30.2Gh/s) that I know of.

smoosh

newbie

Activity: 33

Merit: 0

yah once asics get involved it no longer is profitable for gpus

Topic: DASH mining is not profitable! (Read 1318 times)