What machine is good for mining Dash (When will Dash be mined)?

08/20/2023 04:03 • Daily Digest • 91 views

What machine is good for mining Dash? According to cointelegraph news, what machine is good for mining Dash? According to Coinmarketcap data, on June 9, 2019, the trading price of Bitcoin was $10,000. And the Ethereum network consumes about 2 billion fees per day (about 10% of the total global volume), so the price of Dash reached nearly $20,000 in early 2018. If we include the market conditions in October last year, the average cost of Dash was between $30,000 and $70,000; but due to the overall decline in the cryptocurrency market, many investors began to worry about the risks of Dash, such as being hacked or running away, etc., and finally the price of Dash rapidly dropped to around $5.

When will Dash be mined?

Editor’s note: This article is from Colorful Cloud Blockchain (ID: cybtc_com), authorized reprint of Odaily Star Daily.

On January 15, 2020, a project called “SybilMoney” suddenly became popular on the Ethereum blockchain, and then there was a problem. When will Dash be mined? What is the development team of this project saying: “I don’t think Dash is ready to go online yet.” According to the official announcement, as of 4:30 pm today, more than 2,000 people have participated in the SybilMining test network and raised about $15 million in funding. As of the time of writing, the number of deployed nodes has reached 3,400. If there is no support from other users, they may have to wait for one or two weeks to get their tokens. At the current rate, nearly 20,000 validators have participated in the network. (The specific time will be determined according to the actual situation)

From a technical point of view, the entire Bitcoin and Ethereum are still in a very early stage, which means that Bitcoin miners are either unwilling to spend Bitcoin or do not like to mine new tokens. However, when we put all these tokens into our wallets, can Dash generate its own tokens through smart contracts? Of course not, because everyone wants to see the coins they hold in their hands keep growing.

So in a way, even if it reaches a certain scale, it cannot guarantee that new tokens will appear every day; but as more and more investors enter this ecosystem to find better things, a natural phenomenon occurs:

1. Many people are hoarding, buying some altcoins and then selling them to the market to earn profits, which makes most retail investors have confidence in them, and ultimately makes people recognize its value and continue to buy it. This will attract more investors, thereby pushing up prices, increasing investment returns, and reducing losses for speculators. 2. Due to this factor, a large number of traders are turning to Bitcoin, making the holdings of many people more centralized. Therefore, many exchanges’ efforts to attract more customers for large-scale transactions, reducing costs, or even making Bitcoin as an asset allocation target, are all ineffective, which is known as liquidity providers (LP). Therefore, in such an environment, it can be foreseen that once enough users come in and survive for a period of time, they will quickly sell these cryptocurrencies. The final question is why so many exchanges choose to focus on Bitcoin instead of Ethereum when launching their own tokens, such as Coinbase, because the DeFi project Aave, which has been popular in recent months, is also trying to launch its own stablecoin DAI (DAI 2.0 version has also received much attention recently).

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/25392.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

What machine is good for mining Dash (When will Dash be mined)?

When will Dash be mined?

Related recommendations