[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[toknormal]

Mining is a wealth preserver? Well, it's a theory

Having the blockchain donate coins to existing holders for next to nothing as a "wealth preserver" is also a theory.

It's just it's just that one of those "theories" has a slightly more successful track record at it than the other.

[AzzAz]

again, mining DASH is so very unprofitable. WHO are miners?

[toknormal]

mining DASH is so very unprofitable.

It's not unprofitable if you run a couple of masternodes alongside your rigs to reduce your aggregate difficulty below the network level.

Masternodes can mine at zero difficulty.

The incentive to mine is therefore to accumulated more masternodes. Once you've paid of your rigs and with a hybrid mining configuration you're thenceforce trending towards hoovering up the supply for free.

[qwizzie]

again, mining DASH is so very unprofitable. WHO are miners?

I have heard this so many times in the past as well, specially when Dash was in a bear market (way back before the major 2017 pump).
People were wondering even back then how Dash still had miners, when it was so unprofitable to mine.

I am not surprised to see that same questioning emerge in this bear market. Seems like Dash miners / Dash mining pools can survive bear markets much better
then people think they can. We just had 1.3% of the block rewards moved from miners to masternodes, and it did not seem to dent the hashrate in any way.


Source : https://bitinfocharts.com/comparison/dash-hashrate.html#1y

You can believe toknormal and his assumption of miners also operating masternodes (which he offers no evidence for). Or just accept that Dash miners throughout Dash history
have shown more resilience and endurance, then people have given them credit for.

What i do wonder is how many miners are part of a mining multi-pool (where the mining multi-pool is mining several altcoin blockchains at once), that used to be a big thing.
Now with all the Dash ASICS miners out there (24) and the stability of Dash hashrate, i suspect multi-pool mining may have less of an effect on Dash mining these days.
On the other hand Luxor Mining Pool (23% extraction for the Dash network) & Antpool (13% extraction for the Dash network) do seem to be multi-pools  


Source : https://chainz.cryptoid.info/dash/#!extraction

Here is something interesting :

DASH can be mined by 24 Application-Specific Integrated Circuits (ASICs) currently on the market with the most recent ASIC release in November 2019. Thus far, there are no X11 ASICs set for release in 2020.
Only 12 of the 24 ASICs are currently profitable at US$0.04 per kilowatt-hour (c/kWh).

Source : https://bravenewcoin.com/insights/dash-price-analysis-usd-market-flips-bullish

So the question is, who can mine at US$0.04 per kilowatt-hour (c/kWh) ? Or formulated differently : who can mine at low electricity cost ?
Or better yet, where can one mine with very low electricity cost ?

  

[toknormal]

You can believe toknormal and his assumption of miners also operating masternodes (which he offers no evidence for).

I have offered evidence for hybrid mining being the most optimal configuration and of it being economically encouraged by the Dash protocol.

[qwizzie]

You can believe toknormal and his assumption of miners also operating masternodes (which he offers no evidence for).

I have offered evidence for hybrid mining being the most optimal configuration and of it being economically encouraged by the Dash protocol.

Nope, that was no evidence. You did not give evidence of miners actually operating masternodes. Therefore your assumption remains an unproven assumption.
Find the missing link and we will have something to talk about.

[toknormal]

Nope, that was no evidence. You did not give evidence of miners actually operating masternodes. Therefore your assumption remains an unproven assumption.
Find the missing link and we will have something to talk about.

That is a slightly silly comment if I may say so.

That the protocol supports and favours hybrid mining at scale is academic. It doesn't require empirical observations as "evidence".

[qwizzie]

Nope, that was no evidence. You did not give evidence of miners actually operating masternodes. Therefore your assumption remains an unproven assumption.
Find the missing link and we will have something to talk about.

That is a slightly silly comment if I may say so.

That the protocol supports and favours hybrid mining at scale is academic. It doesn't require empirical observations as "evidence".

I would say that too, if i was trying to present an assumption that i could not proof or find evidence for.
Find the missing link.

[toknormal]

I would say that too, if i was trying to present an assumption that i could not proof or find evidence for.
Find the missing link.

Please stop trying to deflect statements that are academically self evident by trying to assert that they are "assumptions" or lack "empirical evidence".

The Dash protocol is documented as exposing a proportion of its new supply to competitive mining. The rest is effectively "mined" at zero difficulty.

It therefore follows that various options are available to miners who want to "game" these protocol properties. An quantified example is given here.

[qwizzie]

Months after months after months of assumptions, and still no evidence to support any of toknormal assumptions.

* Dash price is in a death spiral  
* Dash miners will all leave Dash once this blockreward allocation change gets through  
* Dash miners are also operating masternodes  
* Dash should hard fork from the main project and focus more on miners as means of a fun and interesting expirement  

Just silly assumptions really. I guess that is what toknormal needs to get through this Altcoins bear market (which is showing bullish signs by the way), just post a whole lot of silly unproven assumptions,
one after another and try to present most of them as facts, in the hope someone will fall for it.

The fastest way to loose money is to listen to toknormal.
That gave me an idea for my forum signature....
 

[xkcdd]

Please stop trying to deflect statements that are academically self evident...

Please close your fallacious pie hole, Tok.  How then do explain that a whopping 1144 Masternodes voted in favour of of the mining reallocation back in July DAO poll and a pitful 91 masternodes (I assume these are run by you and afbitcoins and the rest by miners) voted no on the poll?

Source:  https://mnowatch.org/the_results_dashd_2020-07-27-02-15-58.uniqueHashVotes.336.html

Please, just please stop trying to pull the wool over our heads, it only makes you look more foolish.

[toknormal]

"fallacious pie-hole"

 

That's a new one. I must be making progress.

Remember to keep not addressing the case that...

The Dash protocol is documented as exposing a proportion of its new supply to competitive mining. The rest is effectively "mined" at zero difficulty.

It therefore follows that various options are available to miners who want to "game" these protocol properties. A quantified example is given here.

[xkcdd]

Remember to keep not addressing the case that...

and remember to keep lying, your assumption that miners run masternodes is FALSE, you don't even deny it now, if there were a shred of truth to it the voting data would have shown the miners voted against the reallocation proposal and they didn't.

[toknormal]

Your assumption that miners run masternodes is FALSE

I think the fact that you rely on this as your only line of defending the merits of the protocol allocation is very telling.

"The protocol favours hybrid mining but it's ok because nobody's doing it because I say they aren't".

That's basically what will be read into your line of argument by unconflicted observers. Not very convincing IMO. Also your logic is inverted in your last post. Hybrid mining INCENTIVISES miners to vote for the re-allocation proposal, so their endorsement of it supports the argument I'm making, not your's.

[qwizzie]

Let toknormal be in his own little world, where all miners also operate masternodes  

For him this is likely used as a means to not loosing face over his previous assumption, that once this blockreward reallocation change is implemented, the miners will stop mining Dash.
He can now 'claim' all miners also operate masternodes and that any lost in miners income, is overcome by the revenue of the masternodes they 'supposedly operate'.

Ludicrous if you think about it, he lost face many months ago with little chance of redememption. But lets give him a bonus point for trying.

[toknormal]

his previous assumption, that once this blockreward reallocation change is implemented, the miners will stop mining Dash and the Dash hashrate will collapse. even less of the supply would be exposed to competitive mining and more of it directed to non-performing masternode operating margins

FIFY.

[xkcdd]

Yeah, my head is spinning from all these 180s, I wish we could make up our minds as to what the 'self evident facts' are, sheesh! 

[TaoOfSaatoshi]

Talking HEX and Dash with The Hexologist

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[dafdaf]

The fastest way to loose money is to listen to toknormal.
That gave me an idea for my forum signature....

PS: loose is actually “lose”. Don't write “lose” like our friend Toknormal (unless it's an intentional way to hint at him in your signature…  ).

[qwizzie]

The fastest way to loose money is to listen to toknormal.
That gave me an idea for my forum signature....

PS: loose is actually “lose”. Don't write “lose” like our friend Toknormal (unless it's an intentional way to hint at him in your signature…  ).

Thank you for the correction.