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In this months Dash mining is not productive!

Discussion in 'General Discussion' started by Moneyback, Oct 12, 2017.

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  1. Moneyback

    Moneyback New Member

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    Hi. For many years i mining the Dash coin. But today the Productivity is very low (historical data) and the price is low. The investors, miners, masternodes lost millions of dollar in this months. Why the "self governing" Dash community not help all people in this period with an investment? I be waiting...:(
     
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  2. tungfa

    tungfa Administrator
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    ?
    "lost" ... who lost what ?

    more miners - less return for the individual / good for the network /greater good
    more masternodes - less return for the individual / good for the network /greater good
    .....

    so you want the governance system to vote on (?) " no more new miners or master nodes" ?
    come on
    this does not make any sense
    mining / master nodes are NOT investment vehicles
    they are uncertified so the investors/holders/miners/..... support the network and get paid for doing so !
     
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  3. EazyDay

    EazyDay Member

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    Dash Address:
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    Sounds like you have weak hands? Another perspective is BTC is on a run, so everything else has to reprice once we hit the next plateau. For example, DASH @350 is only valid if BTC is at 4100 +/-? Hope that helps.
     
  4. camosoul

    camosoul Grizzled Member

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    When the heat rises, the snowflakes are the first to melt...

    WWHHHAAAAAAAAA!!! I WANT FREE STUFF!!!! I PAID NO ATTENTION TO REALITY!!!!! GIMMIE FREE STUFFF!!!!!!!! I DEMAND BUDGET FUNDS FOR MY POOR CHOICES!!!!! WWWHHHAAAAAAAAA!!!
     
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  5. AnarchicCluster

    AnarchicCluster Active Member

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    Life is full of risk. Sometimes investments pay off sometimes they don't. You just have to accept that, because MNOs can't do anything about it.
     
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  6. Moneyback

    Moneyback New Member

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    See. Dash is not productive for miners. The mining is most important for a blockchain. The solutions are: Dash price increase or dash mining difficulty decrease. This is the problem!
     
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  7. GNULinuxGuy

    GNULinuxGuy Member

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    This is not a problem. This is in fact by design, and it's working precisely as intended.
     
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  8. solarguy

    solarguy Active Member

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    Once the new, very powerful ASIC mining rigs went on sale, and started mining, the hash rate and difficulty went up dramatically. In the middle of september, the hash rate was about 40 terahashes. Now a month later, it's pushing 260. I suspect you will have to upgrade your mining rig, and possibly shop for cheaper electricity to make any money at mining Dash.

    https://bitinfocharts.com/comparison/dash-hashrate.html#3m

    You did set some of your earnings aside to upgrade your equipment right?

    You could also switch to mining a different coin with lower difficulty as well.

    Nothing stands still in the cryptocurrency universe for very long.
     
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  9. Moneyback

    Moneyback New Member

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    It's not totally true. Dash mining profitable is very poor. Bitcoin, Ethereum and Others coins are very profitable. If Dash coin not increase buy price, in the 2018 Dash coin stop profitability. Invest money in mining for lose 80% in one year! This is a mathematical scam!
     
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  10. solarguy

    solarguy Active Member

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    Which part is not true?

    And how would like me to fix it?
     
  11. adi382

    adi382 New Member

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    The whole point of mining is to secure the blockchain. Miners are then compensated for doing so. It was never meant to make you rich. In fact, profitability will likely go down over time.

    The whole point of difficulty increases is to keep the average block generation time at 2 min 30 sec due to more hashing power being added. Decreasing the difficulty without a corresponding decrease in the network hash rate will cause blocks to be generated too quickly.
     
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  12. Moneyback

    Moneyback New Member

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    Why other "famous" coin (Bitcoin, Ethereum, Litecoin, Monero, Zcash etc.) is most profitables? This is the Dash "Involution"...Or buy dash coins or market (see: Coinmarketcap) is lost before 2018!
     
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  13. MangledBlue

    MangledBlue Well-known Member

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    Maybe you need to upgrade your equipment..... just a thought.....


    edit - better yet.... Just go mine those other coins.... then sell them for DASH
     
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  14. Moneyback

    Moneyback New Member

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    Save the Dash! Why does not the Dash community invest in this problem? The investors want a reply!
     
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  15. adi382

    adi382 New Member

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    I doubt the masternodes would ever vote to artificially lower the mining difficulty in order to make mining more profitable for you personally. But you could always submit a proposal...
     
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  16. solarguy

    solarguy Active Member

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    What would you like the Dash community to do, in order to fix it?
     
  17. Moneyback

    Moneyback New Member

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    The solution for dash community is invest for buy dash coin for increase the marketplace. This is: Save the Dash
     
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  18. tungfa

    tungfa Administrator
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    i really do not understand what your troubles are
    have you not read about mining , hashrate and returns before u purchased your equipment ?
    the network is doing exactly what it is supposed to do
    adjust to the miners !
    more miners = higher hashrate !

    miners are being sold and people buy them , new miners are being sold and people expect higher returns from their purchases !
    as we all know there should a window between that purchase and everybody else getting their new (more powerful ) miner , if u missed that window the hashrate went up and u calculated your investment wrong !

    and that is it
    nobody needs to save anybody here
    everything is on track
    if your returns are “so bad” - go sell that miner and do something else tbh
    no offence , but as u have such a hard time , this does not seem to be a thing for u
     
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  19. Moneyback

    Moneyback New Member

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    Dash community buy himself for 1.000.000.000 $ for save the investors or only Evan Duffield and friends get money! If Dash community is not a scam, please approve this investment with money of community.
     
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  20. Moneyback

    Moneyback New Member

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  21. solarguy

    solarguy Active Member

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    Evan must have a lot of friends. Dash has a far better and fairer distribution than just about any other coin. Evan himself doesn't own huge amounts of Dash and operates no Masternodes.

    From very early on, Evan described exactly this process. Easy to mine in the beginning, but then eventually, ASIC processors would come out and push the hash rate and difficulty levels up very high, exactly as we need to protect the Dash blockchain when things scale up.

    If your current mining rig isn't profitable, you have only 2 choices, sell it for whatever you can get and do something else, or mine a coin where the hash rate and difficulty have not gone up as high as Dash.

    However, and this is IMPORTANT, if you switch to a different coin that you can mine profitably, you have to be thinking about what you will do when THAT coin is no longer profitable to mine with your current setup. Because that WILL HAPPEN. It is only a question of time.

    And I have to ask, if Dash is so unprofitable to mine, why is our hash rate so high? It's profitable for somebody out there. Just not for your equipment and electrical cost perhaps.
     
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  22. camosoul

    camosoul Grizzled Member

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    You think he can afford it? Next he'll start a thread demanding that the proposal submission cost be reduced so he can submit his free-stuff-for-dumshits proposal...
     
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  23. camosoul

    camosoul Grizzled Member

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    Go be a socialist somewhere else.

     
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  24. camosoul

    camosoul Grizzled Member

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    Hey, look! He found MORE dumbasses! On BCT! I never would have expected to find a bunch of dumbasses at dumbass central...

    [/sarc]
     
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  25. Moneyback

    Moneyback New Member

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  26. solarguy

    solarguy Active Member

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    OK, last time....

    What mining rig do you use, and how much does your electricity cost?
     
  27. camosoul

    camosoul Grizzled Member

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    If there were an online calculator that mathematically demonstrated that it's stupid to shove cacti up your ass, would linking to it prove anything other than your inability to use common-sense to come to the same conclusion?

    ASICs exist! GPU mining is DEAD! The writing has been on the wall for a LONG time! How did you not see this coming?

    If a gutter ho tells you "You get a $50 discount because I have AIDS." And you ride her bareback for 8 hours. Then, you act surprised that you have AIDS 4 months later... Is there anyone to blame but you? For being a huge DUMBASS!
    Yes! Stop mining DASH! You dumbass!
    "It's" not a joke.

    YOU are a joke.

    Now go eat a bag of dicks and tell your mommy why the electric bill is so high the day after she bought you that fancy graphics card.
    Budget video card. Free electric.

    Mommy paid for the card, and pays the electric bill. Nobody knows who Daddy is, but Mommy says he's an Alpha Male Badass.
     
    #27 camosoul, Oct 20, 2017
    Last edited: Oct 20, 2017
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  28. solarguy

    solarguy Active Member

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    Camo, you always cut straight to the heart of the matter. Why beat around the bush when you could just beat the bush directly and be done with it? We tried to break it to the bush gently, but in all honesty, we weren't making much headway.

    I love mixed metaphors.
     
  29. tungfa

    tungfa Administrator
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    ok
    this all does not make any sense
    i will shut this down !!!

    for future references
    - calculate your mining returns
    - anticipate that everybody else will buy new miners too (yes - u will not be the only one with a bigger / faster miner )
    - remember the hashrate WILL adjust
    - invest “smart”
     
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