Dash Magazine

2016-02-27	4.06595024
2016-02-26	3.94449507
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Mining one of the most difficult and lucrative way of getting cryptocurrencies has been around since the inception of Bitcoin. Dash(Digital cash) also has had this functionality but has generally been done locally by individuals in different ways. Due to its complexity this will be the first time a Dash miner would be sold in commercial quantities or public.



To express how impossible it looked on the mining page on dash.org, Dash expressed how difficult it would be for a miner to be developed for the cryptocurrency by saying:

"Dash uses a special algorithm called X11 for the proof of work. X11 is one of the innovations introduced by Dash and has been widely adopted in the cryptocurrency community since its launch.

Dash can currently be mined both with GPUs and CPUs (mining hardware comparison here). The characteristics of X11 make it very unlikely that ASICs will be developed to mine it, at least in the short term."

But crosing all these hurdles is a consortium of high tech companies based in China called Tiannengbo Group who have manufactured the worlds first X11 ASIC chip and the 1st Dash ASIC miner - “iBelink DM384M. A highly integrated Dash miner the iBeLink DM384M contains 4 hashing blades and a Raspberry Pi B+. Each hashing blade contains 48 TNB0301 ASIC chips, and can be managed (or controlled) for mining separately.

Designed for both forr large scale mining and home mining the iBeLink DM384M will have to be connected to a power cable and an Ethernet cable to set it up. Here are the specifications and the features of the miner fro its official website.

Specifications:

Hash Rate: 384 MH/s  ±10%
Power Consumption: 715 W (at the wall, with 25C ambient temp)
Power Efficiency: 1.8 J/MH (at the wall, with 25°C ambient temp)
Number of TNB0301 chips per unit: 192
Operating Temperature: 0 °C to 40 °C
Network Connection: Ethernet
Power Supply: 110V to 240V, 50Hz/60Hz
Certifications: FC, CE
Dimensions: 490mm(L)*350mm(W)*180mm(H)
Weight: 21 kg
Download Specification and User Manual

Features:

High integration for Plug and play (just need to connect power and Ethernet)
Contains 4 hashing blades, LED for each blade’s status
Faulty conditions self-detection and auto restart
Email warning for abnormal hashing conditions
Faulty chip detection
Possible DIY repairing faulty hashing boards (modulated hashing board, 8 boards/blade)
DIY reducing fan speed(or noise) by selecting low voltage power (reduced hash rate)

TNB0301 ASIC Specification:

Package Type: QFN64 8mm*8mm
I/O Interface: Serial with clock & data
Hash Rate: 2Mhash/s
Power Consumption: 1.8J/Mhash


With an estimated profit of about $1,8944 with the Dash price renaming above $3.5 and below $4.00( which it has crossed) annually and a price of $2,098.00 it might not look like a lucrative deal but the increase of prices this figure may go up or go down.

The initial schedule to sell the first batch of 50 iBeLink DM384M at www.dualminer.com very soon at a price of $2,098 and a 90 day warranty. Follow @dashpaymagazine

As the Dash price sees an upwards change, more good news keeps trickling in on the cryptocurrency. Exmo a member of the Bitcoin Foundation which allows an easy way of using funds, exchanging currencies and keeping them save has added Dash on its site. Dash has been paired with BTC meaning as at now it will be trading against Bitcoin. It opened trading at on Sunday at 0.0092 BTC and is now trading at 0.00956 BTC.

 Exmo is a cross-functional platform to work with cryptocurrency and fiat money, that is functioning on the market since 2013. Today more than 220 000 users from more than 100 countries use Exmo.Exmo are offers their users full service of storage, exchange, management and using of cryptocurrencies and fiat money.

 With this great news Dash joins the like of Bitcoin,Dogecoin, Litecoin and Etherum who trade against traditional currencies like h US Dollar and Euro on the Exmo exchange, this exchange also supports Instant X which is amazing. You can check out the DASH/BTC trading page here and the Exmo website here.

Dash continues to grow on the cryptocurrency scene seeing new innovations and products been built about it but why the need for a currency if you cannot buy anything with it? You could answer that yourself. We can all agree that one of the reasons why bitcoin so a boom is due to its adoption by some companies and it being accepted across the world as a form of payment.

With privacy being a focus area for ProtonMail it does not come as much of a shock to see these two entities doing something together. In a tweet on Thursday Proton expressed the desire to accept Paypal, Bitcoin and Dash in the future.

@endetti @Perflexive Initially we will only take credit card, but later we will put resources into supporting PayPal, Bitcoin, and Dash

— ProtonMail (@ProtonMail) February 18, 2016

  ProtonMail built by Proton Technologies is an easy to use secure email service with built-in end-to-end encryption and state of the art security features. With a goal is to build an internet that respects privacy and is secure against cyberattacks.

This indeed is good news for the dash community, the other issue will be it actually happening as planned, apart from ProtonMail Dash has a privacy team in place  targeting Applications, companies, NGO's interested and concerned about privacy. We would be following this development closely. Follow s n social media and subscribe to our newsletter for all things Dash.
Follow @dashpaymagazine

Bitcoin and cryptocurrency deposit platform MyBitDeposit offers users the opportunity to make bitcoin, litecoin and dash deposits to earn a secure passive income. MyBitDeposit is a transparent company registered in US, contactable by phone, and with both founders available on LinkedIn. Their professional team of traders make calculated investments with the company funds to earn profit for their clients. There are no fees for opening, maintaining or closing a deposit account. MyBitDeposit are now seeking additional funding.
The MyBitDeposit team has developed a Bitcoin investment strategy that has been created to provide the highest possible returns for their customers. Interest rates are growing every month, increasing up to 24.00% P.A. Founder Aleksandar Altanbashev explains, "We have a team from professional traders. They have developed an investment strategy and earn interest through trading on existing exchanges. We also have created a money buffer with already attracted funding from private investors – $100 000.

This measure provides our clients with protection from any future losses." MyBitDeposit users can choose from two deposit options "MyBitDeposit in Advance" and "MyBitDeposit Term Deposit". BTC, LTC and DASH can be used in all types of deposits. 'MyBitDeposit in Advance' is optimal for clients who prefer to receive their interest when they open their deposit account rather than at its maturity.

 Benefits for the clients:

•  The interest is payable at the beginning of the period 
• High Interest rate – fixed for the whole period 
• No charges for opening, maintaining, and closing the deposit account. 

24/7 Support Investors that choose to open 'MyBitDeposit term deposit' will receive the same benefits with the difference that the client enters into an agreement with MyBitDeposit; according to which, upon the expiration of the term that is fixed under the agreement, MyBitdeposit owes the client interest which amount is according to the amount deposited.

 To learn more about MyBitDepositplease go to: https://www.mybitdeposit.com
Source: PR NEWS Wire