Dash is similar to Bitcoin in many ways. But, most importantly, Dash is private and faster than Bitcoin. It is built upon Bitcoin’s core code with additional features. Just like Bitcoin, Dash is open-source, with its own blockchain. Dash compared with Bitcoin, has incredibly low transaction fees.
Initially, Dash was called “Xcoin”. Later changed to “DarkCoin” and now its called Dash. It has grown to become one of the popular coins in the crypto community. As of now, it is the 14th biggest coin in terms of market cap.
If you want to own some Dash coins, there are few ways to do that. You can either buy from a cryptocurrency exchange or mine it. This article is for Dash miners. In this article, we will review the best hardware for Dash mining.
It is important to understand that, mining Dash profitably with a CPU or GPU is impossible at this point. This is because ASICs (Application Specific Integrated Circuits) have taken over Dash mining. An ASIC is capable of generating extremely high hash power than a CPU or even most powerful GPUs. And it is more power efficient at mining than any other machine.
Dash uses the X11 algorithm and there are many ASICs available today, for mining X11 coins like Dash. These are some of the best hardware for Dash mining:
Model X7 Miner from FusionSilicon is capable of hashing with a maximum hash rate of 262Gh/s at a power consumption of 1300W. You can mine Dash or any other X11 coin with it. With the popularity of cryptocurrency, the development of specialized hardware (ASICs) also continues. ASIC manufacturers compete on who can develop the best ASIC. Each generation of ASICs adds more power and efficiency to the previous generation of ASICs.
FusionSilicon X7 is an example of this. If Bitmain’s Antminer D5 could hash at an efficiency of 13W / GH, FusionSilicon X7 hashes at 5W / GH. This is a 70% improvement. The efficiency of an ASIC is an important factor that determines the profitability of mining. FusionSilicon X7 is both efficient and powerful.
Buying a brand new FusionSilicon X7 is quite difficult. You usually have to pre-order and wait for the next shipping batch. But, you can buy a used one on eBay. As of now, FusionSilicon X7 goes for $1,989.00 on eBay. Check out here.
Spondoolies-Tech is an Israel Bitcoin hardware manufacturer that shut down its operation in the year 2016. Now, they seem to be back with a new ASIC miner. This time they are targeting the X11 market with their new SPx36 ASIC.
This is the most powerful X11 miner on the market right now. SPx36 is capable of hashing at 540 GH/s with a power consumption of 4400 W. It is powered by 150 ASICs optimized for X11 coins. In terms of efficiency, SPx36 beats FusionSilicon X7. The only reason why SPx36 is second in our list is its hefty price tag. As of now, SPx36 costs $7000. Check out here. If you have an extra $7000 lying around, this is your ASIC.
3) Antminer D5
This is the newest X11 miner released by Bitmain. It has a maximum hashrate of 119 GH/s with a power consumption of 1566 W. In terms of efficiency, it is on par with FusionSilicon X7 at 13W / GH. The demand for Antminer D5 is very high and you rarely find one online. Your best bet is to look for one on Amazon. Check out here.
A5+ DashMaster is the newest X11 ASIC miner by Innosilicon. It is actually an upgrade to their older 32.5Gh/s A5 DashMaster. The newer one is capable of hashing at 65 GHS with a power consumption of 1500 W. New Innosilicon A5+ DashMaster looks like 2 older A5 DashMasters joined together. And in terms of efficiency, they are both the same at 23W / GH (Not on par with some of the other competitors).
In terms of profitability, as of now, they both make very little profit. But, if you have access to cheap electricity, it can be very profitable. You can check out Innosilicon A5+ here.
Other Hardware for Mining Dash
Above mentioned ASICs are the ones that are still profitable to mine with. The ASICs mentioned below are no longer profitable as of June 1st, 2019. But, they still can be profitable if the difficulty of the Dash network decreases in the future, or if Dash price increases or you have access to cheap electricity. It is very important to calculate the estimated profit before buying one.
BaikalMiner has joined the X11 ASIC market with their Baikal Giant X10. This ASIC is capable of hashing X11 at 10 GH/s with a power consumption of 800 W.
What is interesting about Baikal Giant X10 is that it also supports hashing of Quark and Qubit algorithms. These 2 algorithms consume less power compared to X11 algorithm. 530 W for Quark and 580 W for Qubit. It is likely that this ASIC will support more algorithms in the future. You can check out this miner here.
Antminer D3 is an X11 ASIC released by Bitmain. It is capable of hashing at 19.3 Gh/s with a power consumption of 1350 W. It has an efficiency rate of 70W / GH. Not the best figures for an X11 ASIC today, but was certainly ahead of the competition at the time. You can check out the price here.
The successor of the iBeLink DM384M, DM11G can hash at 10.8GH/s with a power consumption of 730 W. You can check out here.
How to Calculate Dash Mining Profit
Before you buy an ASIC, it is very important to calculate estimated earnings. With the fluctuations of Dash price and difficulty, profitability changes all the time. To calculate estimated Dash rewards, use CryptoCompare Dash Calculator. Input the hash rate of your ASIC, power consumption, Cost per KWh, pool fees and hit calculate. You will see a breakdown of estimated earnings.
The Bottom Line
If you want to mine Dash for profit, it is imperative to own an ASIC. Mining with a GPU or CPU will only make you a loss. Above are some of the best ASICs available for Dash and other X11 coins. For those who can’t afford expensive ASICs, there are still ways to mine. One way is to cloud mine Dash. Check out here.