Is it profitable mine Dash? Cryptocurrency describes itself as digital cash and currently takes #21 in the coinmarketcap top list. In these terms, the answer to the question will be yes, it is profitable to mine Dash in 2020. A mining pool is a group of cryptocurrency miners who, by uniting their computational resources, tries to find a block for a particular blockchain. Today, we observe the top 5 Dash mining pools to provide you with details upon each of them.Dash Cryptocurrency Explained
What is Dash? Dash cryptocurrency was launched in 2014 by Evan Duffield. The project was based on the Bitcoin core code yet it had (and still has) different to the BTC hashing algorithm.Consensus Hashing Algorithm Launched Number of Mining Pools BTC Proof-of-Work (PoW) SHA256 2008 46 Dash Proof-of-Work (PoW) X11 2014 30
In the beginning, Dash was aimed to become a global method of payment that would enable fast and secure transactions all around the world. Today, Dash is valued for the speed of transactions along with a high level of security. Dash provides two types of processing transactions: InstantSend and PrivateSend. The former enables fast transactions within 2-3 seconds, the latter allows for highly secured transactions that cannot be tracked.Dash Mining Explained
Dash is a minable cryptocurrency that requires certain mining equipment.Dash Mining hardware. Dash mining rig depends on the type of mining rig you choose: CPU/GPU/ASIC. It is highly recommended to use the latter because CPU and GPU mining rigs require too much electric power and are not as efficient as ASIC. Dash Mining software. Again, mining software depends on the type of mining rig you choose. The list of software available for CPU, GPU, ASIC Dash mining is provided by the Dash team here. Dash mining pools. The team behind Dash has also provided a list of current Dash Mining Pools. It is also stressed that you have to be careful and do your own rese...