What is Dash Mining?
Dash is a privacy coin that was launched in 2014 resulting from a fork of Bitcoin’s code. Dash has most of its parent coin’s functionalities but it does have additional features such as faster transactions and privacy.
How Does Mining DASH Work?
Like Bitcoin, DASH also implements the Proof of Work consensus protocol to approve the miners’ mathematical computations. After receiving the approval, the block is then added to the blockchain and miners then receive their reward in DASH coins. This reward is then split between the miner, masternodes, and the network.
Types of DASH mining
Application Specific Integrated Circuits (ASICs) specialized computers which have a powerful computational capacity. ASIC chips are able to decrypt and process the hashes faster than regular computers.
Below are a few examples of Dash dedicated ASICs:
- ASIC Pinidea X11 Miner DR-1,
- ASIC X11 Baikal Mini Miner,
- ASIC Baikal A900 X11 and
- ASIC iBelink DM384M X11.
Mining rewards using ASICs are more profitable than the…