Last updated on April 6th, 2018 at 02:00 pm
Table of Contents
What is Dash?
Dash happens to be another cryptocurrency that has made waves and gotten a little extra popular over time. It prides itself as the first true Decentralized Autonomous Organization (DAO), and it is really a virtual currency that you can use in trading online. It has the same features as Bitcoin. However, you have an even more anonymous transaction, faster speed, and operates on a self-governing platform. The goal of this virtual currency is to be the most user-friendly cryptocurrency in the world, and since its inception in 2014 till date, it has grown – up to the point of being the 6th biggest cryptocurrency in the world. it also aims to be liquid and available for use by tons of people in as many countries as possible. Its network is up to 4,100 master nodes and it is also self-funding. Digital Cash (Dash), is one of the best cryptocurrencies and if you want to start trading with it, you first have to learn how to mine it. To mine, you would need to understand how Dash Mining Pools work. Here’s a rundown.
What are Dash Mining Pools?
Mining pools are points whereby as different users known as miners, pool their resources and also share processing power over a network in order to make more profits and enjoy the synergy of efforts. There are actually many ways to mine. A great way to be part of a mining pool is to get on board with cloud mining. Cloud mining has you mining with a bunch of other miners, from wherever you are and on the cloud. You do not need a hardware device for this. Mining in a pool is faster and much easier for you. In terms of the yield, it depends on the mining pool you are on and their hash rate. Related reading, see:( What is Cloud Mining? Top 6 Bitcoin Cloud Mining Services)
Can You Have Your Own Mining Pool?
You can also just set up your own mining pool. You could also mine on your own individually (solo mining) or you could be in in the pool. To set up your own pool, you need to first obtain the necessary GPUs. It might not be so easy to get, but it is necessary before you can start. After this, you need to get a motherboard and a power unit to support all your GPUs. Other things you might need include a CPU, RAM, a processor and a rigged case. Once you have set up your own pool, you need to get miners on board, and you would be good to go. Ensure always that your miners are always making profits though; it is the only way to retain them. To know which Dash Mining pools are the best around, see the top five ones below.
Top 5 Dash Mining Pools
DashMiner is undoubtedly one of the Dash mining pools around. Even better is the fact that the DashMiner, while a unique AMD GPU mining multipool, is great specifically for Dash. Interestingly, you do not require any form of registration to do it – nothing but your wallet address. DashMiner is known for its excellent profits and its unique payout scheme. Users get to enjoy a base rate and bonus points that come about by coin prices and so on. The great part of this is that you would never get an amount less than the base rate. They also have a mining system that shows you base rate payout in Dash currency, so you know exactly the amount to expect. Miners are paid once a day, and while they are generally paid out with a dash, they could be paid in other altcoins and cryptocurrencies up to the equivalent of the dash rate.
Official Website: Dash Mining Pool – DashMiner
Antminer D3 ASIC Mining
Next on the list is the Antminer D3 ASIC Mining pool. To get this one, you can go to Bitmain, eBay (for used ones), or Amazon and make your purchase. When you purchase it, you just have to set it up yourself. Doing so is quite easy: You simply open the miner’s web-interface on your browser, go to the Antminers web interface and find the Miner configuration tab. It is at this point that you enter the pull mining URL (stratum+tcp://dash.poolmining.org:3062 is for pool 1). Go to the ‘worker’ field and put in your dash address. The moment you set up successfully, you can then start mining as much as you want.
Official website: Antminer D3 ASIC Mining – Dash Mining Pool
One of the top Dash mining pools that is also useful for other cryptocurrencies is P2pool. Miners have suggested that it is specifically one of the best to solo-mine on. Even better is the fact that it now has a 0% fee! By mining on your own here, you have no 3rd parties between your hash power and DASH network. P2pool is a decentralized pool that works by creating a peer-to-peer network of miner nodes. You can set it up for Bitcoin, Namecoin, Dash, Devcoins, IXcoins, I0coins, Litecoins, and a few others. You also have the opportunity to enjoy merged sharing. For merged mining, you only configure them to the default account of that wallet.
Official website: P2pool node – Dash Mining Pool
Supernova is another multi-cryptocurrency pool, and it has its own features. For one, its hosts its server in Asia, Australia, Europe, and the U.S.A. An edge of this is that it has a social network for any news on Twitter by which it reaches its miners and passes useful information to them. While it is not a cloud mining site, you get to use your own mining equipment GPU / ASIC. With Suprnova, there is an endless amount of things you can do with it.
According to their official site, you can mine:
ETH, ZEC, ETC, LTC, DASH, EXP, DCR, KR, HODL, ESP, XRE, MER, INV, MNM, TTC, LOCO, NEVA, FRN, DNET, AMBER, BTA, SIB, MONA, GRS, EAC, GB, CSC, DGB, GMC, XVG, START, GRT, QTL, FLO, WOOD, XVC, GEO, CANN, XMG, WOOD, BELLA, SPR, MYRGRS, KUC, DEM, CHEM, ETC, LBC, BBR, KRB, RBIT, BENJI, XCN, VLT, ZCL, KMD and XRE for a 1% fee except for DASH, GRS and START which have no fees.
The Dash servers for Suprnova are:
Official website: Supernova – Dash Mining Pool
Last but not the least is one of the coolest Dash Mining Pools, Coinmine. In the real sense, Coinmine is a Multi-cryptocurrency Mining Pool. Coinmine just like other regular multi-mining pools has the chance to mine “EXP, DCR, ETH, ZEC, QRK, SRC, WDC, DASH, GRS PPC, and ZCL for a 1.5%, except for ETH, DASH, EXP, and DCR which has a 1% fee.” The Dash server for Coinmine is stratum+tcp://mine1.coinmine.pl.
Offical website: Coinmine – Dash Mining Pool
Other Cryptocurrency Mining Guides from Prooworld
- 5 Best Bitcoin Mining Software
- 10 Best & Biggest Bitcoin Mining Pools (Comparison)
- 14 steps to Mine Ethereum (A Step by Step Guide)
- 5 Best Ethereum Mining Pools (Comparison)
- 10 Best Ethereum Mining GPUs
- 10 Best Litecoin Mining Pools (Price/Fee/Server-Compared)
- How to Mine Litecoin in 2018 – A Step by Step Guide for Beginner’s
- Top 7 Zcash Mining Pools (Comparison)
- How to mine Zcash? – A guide for beginners
- 5 Best Namecoin Mining Pools