Will mining Dash become profitable again?

[Checkerama]

They will stay if they see a healthy development and raising of the value of their holdings.
Why would they want to be poor? Also, they are already free. Free to go to some other cryptocurrency if they like it better.
Dash is not a democracy. It's a corporation.

Now you're getting to the disillusionment of a governance structure has attracted all these supporters but ultimately fucks them over . Exactly what we're saying lol.

And isn't the point of being an MNO is that you see future prospect for the currency, and increased interest into joining it? Theoretically, one would dump the MNO if the support and tech go somewhere else, as they will attract the required volumes that made the MNO option attractive to begin with.

 

[Dandy]

Exactly. I could sell my MNO and join some other crypto, if I think it has a better future than Dash. But I don't see any at the moment, so I stay.

 

[Checkerama]

Exactly. I could sell my MNO and join some other crypto, if I think it has a better future than Dash. But I don't see any at the moment, so I stay.

No, youre not in because of the future of DASH, youre in because of the future of holding an MNO. The future of DASH will, at best, show short term promise with the introduction of DASH evolution and then slowly die as the lightning network catches up to speed an surpasses it. Your short term profits is what keeps you from dumping the 1000 DASH, specifically, the 3000 a month you earn for about maybe 50 dollars of maintenance into the network.

The only good investment on a DASH network is a masternode, it would seem. No holders, no business, no mining community can change that, and it is precisely for this reason that DASH will die. It isnt until everyone is holding more than 70% of the currency in MNOs that you will realize how dumb the whole system is.

 

[demo]

Exactly. I could sell my MNO and join some other crypto, if I think it has a better future than Dash. But I don't see any at the moment, so I stay.

But do you think Dash is perfect?
If not, then is it a wise tactic to wait for this perfect coin to arrive from the sky.
Isnt better to help built in it?

 

[solarguy]

No, youre not in because of the future of DASH, youre in because of the future of holding an MNO. The future of DASH will, at best, show short term promise with the introduction of DASH evolution and then slowly die as the lightning network catches up to speed an surpasses it. Your short term profits is what keeps you from dumping the 1000 DASH, specifically, the 3000 a month you earn for about maybe 50 dollars of maintenance into the network.

The only good investment on a DASH network is a masternode, it would seem. No holders, no business, no mining community can change that, and it is precisely for this reason that DASH will die. It isnt until everyone is holding all of the currency in MNOs that you will realize how dumb the whole system is.

If you think it's such a sweethart deal for the Masternodes, why don't you buy a masternode, or a share of a masternode. You too could get in on the crazy good deal.

And if miners are abandoning Dash, why is the hash rate staying so high?

 

[Noel Morris]

Does anybody here know where I can solo mine Dash coin? I love to take my chances rather than get paid 4 or negative return from the pool.
Perhaps software I can buy for solo mining Dash?

 

[Checkerama]

If you think it's such a sweethart deal for the Masternodes, why don't you buy a masternode, or a share of a masternode. You too could get in on the crazy good deal.

I've already detailed this, but theres no way I'm buying into an artificially inflated cryptocurrency with no promise of increased traffic or interested and meaningful miners/transactors on the network. I would buy into CannabisCoin before I bought 1 DASH.

 

[demo]

Your short term profits is what keeps you from dumping the 1000 DASH, specifically, the 3000 a month you earn for about maybe 50 dollars of maintenance into the network.

That is correct. MNOs are short term investors who only care about their ROI. They do not really care about the Dash community, thats why their governance sucks.
Why MNOs earn 3000 a month for about 50 dollars of network maintenance. This is yet another number that should be voted.

We should built a formula for the ROI of the MNOs, based on the average cost of network maintenance. Why miners have a (difficulty) formula, while MNOs ROI is difficulty free?

 

[Dandy]

No, youre not in because of the future of DASH, youre in because of the future of holding an MNO. The future of DASH will, at best, show short term promise with the introduction of DASH evolution and then slowly die as the lightning network catches up to speed an surpasses it. Your short term profits is what keeps you from dumping the 1000 DASH, specifically, the 3000 a month you earn for about maybe 50 dollars of maintenance into the network.

The only good investment on a DASH network is a masternode, it would seem. No holders, no business, no mining community can change that, and it is precisely for this reason that DASH will die. It isnt until everyone is holding more than 70% of the currency in MNOs that you will realize how dumb the whole system is.

Why would I risk my investment by conciously making bad decisions for the future of the network?
It seems to me that you are the one that wanted to make a quick profit, because you don't really seem to believe in Dash.

Personally, I don't like lightning networks. It involves third parties and settles transactions outside of the main blockchain.
I get how it can be useful for micro payments, but we can implement this in the MNO network, no need for outside players.

But do you think Dash is perfect?
If not, then is it a wise tactic to wait for this perfect coin to arrive from the sky.
Isnt better to help built in it?

No, Dash is not perfect. But I think it's on the right path to become very good and as an MNO I get to help build it.

 

[Checkerama]

And if miners are abandoning Dash, why is the hash rate staying so high?

People dumping their ASICs on ebay, so might as well put their investment into SOME use, even if they break even on electricity (which is what they're all currently doing)

 

[solarguy]

I've already detailed this, but theres no way I'm buying into an artificially inflated cryptocurrency with no promise of increased traffic or interested and meaningful miners/transactors on the network. I would buy into CannabisCoin before I bought 1 DASH.

If Dash is such an artificially inflated cryptocurrency with no promise of increased traffic or interested and meaningful miners/transactors on the network, perhaps your efforts would be better spent on another project that is more in alignment with your wants/needs/ideals.

 

[Checkerama]

Why would I risk my investment by conciously making bad decisions for the future of the network?
It seems to me that you are the one that wanted to make a quick profit, because you don't really seem to believe in Dash.

Have you seen some of the things you guys vote for? LOL, MNOs as a governing body ALWAYS makes bad decisions for the future of the network. Literally a slush fund for people looking to gain hype on the network for the sake of short term profits, NOT for the future of the network whatsoever. But thats what happens when you create half of your governing body within the first 6 months of the existence of the cryptocurrency - just a bunch of enthusiast and evangelists who suddenly think they can make wise and vetted business decisions to grow the network properly.

 

[Checkerama]

If Dash is such an artificially inflated cryptocurrency with no promise of increased traffic or interested and meaningful miners/transactors on the network, perhaps your efforts would be better spent on another project that is more in alignment with your wants/needs/ideals.

Well yes I'm already doing that. I actually have not posted this much in a while, as I have moved my attention towards trading and mining Bitcoin, but its such a shame when people keep coming on here hoping for a proper analysis of the current mining situation but are greeted by greedy MNOs talking about "bad investments". The only bad investment is a DASH investment... unless its an MNO LOL (this isn't shit talking, its just the reality - and I can prove it mathematically).

I only come on here to respond to messages I get from frustrated members about what they should do next, both public and private messages... because I make far more sense than you do.

 

[demo]

If Dash is such an artificially inflated cryptocurrency with no promise of increased traffic or interested and meaningful miners/transactors on the network, perhaps your efforts would be better spent on another project that is more in alignment with your wants/needs/ideals.

It is not that simple. You have the support of the spies/government agents, the support of the paid advertisers/filthy liars, and you reside in a universe where the human stupidity is the biggest force. Having these three elements, you may indeed inflate for ever, in a world that goes from bad to worse.

 

[Checkerama]

Does anybody here know where I can solo mine Dash coin? I love to take my chances rather than get paid 4 or negative return from the pool.
Perhaps software I can buy for solo mining Dash?

http://www.p2poolmining.us/p2poolnodes/

 

[demo]

http://www.p2poolmining.us/p2poolnodes/

This could be the seed for a hard forked Dash.
If we could somehow contact all these people.

 

[demo]

This could be the seed for a hard forked Dash.
If we could somehow contact all these people.

I am a miner noob. What kind of software/hardware miners use?
As long as we know their IPs, is it possible to use this software to contact them?

 

[Checkerama]

I am a miner noob. What kind of software/hardware miners use?
As long as we know their IPs, is it possible to use this software to contact them?

Contacting them via IP, I think, is illegal xD also highly improbable since everyone uses NAT - the IP you see may not be the one that directly represents a device within their network (public vs private IP). The software used for mining has a one-way direction anyway.

 

[demo]

The software used for mining has a one-way direction anyway.

What is the name of this software? We may find a software bug and contact them .

 

[Noel Morris]

I'm all for mining solo, just don't want to put Asic to waste, pool mining with Dash is dead in the water

 

[demo]

just don't want to put Asic to waste

Cant you transform ASIC into an MNO available for the hard fork of Dash?

 

[Noel Morris]

Not sure...Asic can be use for other X11 algo like Zpool does but then again your tied in with pool.

 

[Checkerama]

Cant you transform ASIC into an MNO available for the hard fork of Dash?

Nope - an ASIC is not an MNO in hardware in any way - so theres no way to turn one into another.

ASICs run iteration of the hashing algorithm over and over to maximize hashrate output - MNs just need to sit on a server.

Also, doesn't matter the software name since the code varies from ASIC supplier, and theyre actually very simple in coding, thats why they have no two-way comms built into it in any capacity or any notepad that opens up and shows a message... none of that.

 

[demo]

Nope - an ASIC is not an MNO in hardware in any way - so theres no way to turn one into another.

ASICs run iteration of the hashing algorithm over and over to maximize hashrate output - MNs just need to sit on a server.

Also, doesn't matter the software name since the code varies from ASIC supplier, and theyre actually very simple in coding, thats why they have no two-way comms built into it in any capacity or any notepad that opens up and shows a message... none of that.

What kind of operating system do they usally run? Is it opensource? Is it Linux?

 

[Noel Morris]

For us to really make some money from DASH mining either they to have created a fork or the DASH coin increases value, it will create a ripple effect retain, attract new investors as well.

 

[Checkerama]

What kind of operating system do they run? Is it opensource?

I supposed they would run on Linux, but it's not open source. Trust me, there's no way to turn an ASIC into a comm medium.

 

[Noel Morris]

Nope - an ASIC is not an MNO in hardware in any way - so theres no way to turn one into another.

ASICs run iteration of the hashing algorithm over and over to maximize hashrate output - MNs just need to sit on a server.

Also, doesn't matter the software name since the code varies from ASIC supplier, and theyre actually very simple in coding, thats why they have no two-way comms built into it in any capacity or any notepad that opens up and shows a message... none of that.

I read from the other forum, somebody asking if someone can be reprogramed the ASIC D3, since is ASIC chip and turn it into mining SHA255 BTC

 

[demo]

Trust me, there's no way to turn an ASIC into a comm medium.

I dont think so. As long as it is linux, and there is an ethernet port, of course we can do it.

 

[Noel Morris]

Then the ASIC D3 becomes useful, perhaps we get the Bitmain outsmart

 

[demo]

Then the ASIC D3 becomes useful, perhaps we get the Bitmain outsmart

Look what someone did to his antminer D3

https://bitcointalk.org/index.php?topic=2346161.0

The antminer obviously runs https://github.com/dmaxl/cgminer , as long as @blissz did an update to it.

He is asking for ideas in his poll.
Maybe we should propose him, to compile a dash Masternode on it.