How to Start Mining DASH with Genesis Cloud Mining [Steps]
Dash (previously known as Darkcoin and XCoin) is a peer-to-peer cryptocurrency. It offers all the features similar to Bitcoin but also has advanced capabilities, which includes private transactions (PrivateSend), instant transactions (InstantSend), and decentralized governance (DGBB). The decentralized governance and budgeting system of Dash makes it the first decentralized autonomous organization.
The Dash network is powered by two-tier architecture. The first tier includes of miners who write transactions to the blockchain and secure the network. The second tier includes of master-nodes which empower the advanced features of Dash.
DigitalCash (DASH) is based on a chained hashing algorithm, with some new scientific hashing algorithms. The vision of DASH is to be the first privacy-centric cryptocurrency with fully encrypted transactions and anonymous block transactions, this feature is known as PrivateSend and available in your official Dashcore wallet. PrivateSend mechanism mixes your DASH coins with other users who are also running this feature at the time, which makes your transactions untraceable.
DASH also provides users the opportunity to earn DigitalCash rewards by hosting a master node which helps to maintain the Blockchain. In order to host a Dash master node, one must have at least 1000 DASH.
Is Mining DASH Profitable:
Yes, As per the current scenario mining DASH coin is much profitable. You can see the profit analysis based on different parameters given below. Genesis mining is the recommended platform for mining DASH on cloud hardware. In our previous articles, we have discussed Genesis mining in detail.
Note: To avoid SCAM is recommended that always use Genesis mining and Hashflare for cloud mining. Many of the other cloud mining schemes in the market are SCAMS which may offer even more Profit then these reliable options.
Hashflare mining also provides DASH X11 mining power but they are charging high rates if you compare the rate of Genesis-Mining for the same amount of Hash Power. At Genesis-Mining you start DASH mining with $30 ( = 5MH/s Hash Power).
If we calculate the profitability of DASH mining by investing $1000(=200MH/s hash power), See the image below for profit analysis based on DASH mining profitability calculator.
Steps to Mining DASH with Genesis Mining
Step 1: Create a new account with Genesis-Mining. (Click Here To Create An Account)
Step 2: Click on “Buy HashPower” option in left side menu bar.
Step 3: Locate the “2 Years Dash Mining” Powerful X11 mining technology option.
Step 4: Select the amount of HashPower by moving the Slider.
Step 5: Select the Payment Method and click “Continue” to proceed for the Payment
- Note: Available Payment Options: Credit card, Bitcoin, DASH, Litecoin and Dogecoin. there is a fee of $5 for credit card payments if your order is below 100$.
Step 6: In “Promo code” option apply “1yelG5″ promo code to get a discount on your purchase.
Step 7: Tick mark on “Agree on Terms” option, click on “Confirm order”, Make Payment. and All set!!!
Update Wallet Address To Receive DASH Output:
Step 1: Click on “Setting” on left menu panel.
Step 2: Select the ” Wallet” tab.
Step 3: Fill your DASH wallet address and click “Save”.
Hope this article will be helpful for our readers looking to mine Dash through Genesis mining. Please leave your feedback and share your experience with us in the comment section below.