Quote from: xkcdd on Today at 07:03:50 AM

Is DASH mining profitable? Huh

We've heard some FUD over the past several pages, let's examine the situation.
Best DASH miner https://strongu.com.cn/Home/Goods/goodsInfo/id/263.html?lang=en-us 420GH/s @ 2100W, cost of electricity? Hard to know for sure, but miners are paying wholesale, let's try with 5c/kW/hr. Current network difficulty and price https://stats.masternode.me/network-report/391814 6,080.12 TH/s network hashrate, $75.74 dash/USD. Blocktime 2.625 minutes and coinbase 1.44 DASH. Right! Let's get to work!

One miner is .42TH/s or 1/14476th of the nework's hashrate, so he is getting 1.44/14476 = 9.947172095e-5 DASH every 2.625 minutes, or 0.052567 DASH/day. That is $4.13/day based on current price, his electricity costs would be $0.05kw/hr * 24hr * 2.1kw/hr = $2.52 per day

So, the summary is the miner is making $4.13 a day.
The electricity is costing him $2.52 a day.
The profit is $1.61, or 39%.

Seems that mining is profitable, that must explain why the hashrate is up. Sure I have accounted for the CAPEX here, but getting bulk miner pricing is also hard, then there is the matter of tax write-offs on a depreciating asset, when running a business, these costs can be driven down very low.

It will be great if it works as advertised.Unfortunately, Strong STU-U6 proved as a great failure.First,it got with a hashrate 50% lesser than advertised and power consumption almost double higher.Even then, it did not work with these highly reduced features,frequently failed after just 2-3 weeks of work.Forum is full of posts of angry people who bought it:

https://bitcointalk.org/index.php?topic=5210117.0

https://bitcointalk.org/index.php?topic=5202561.0

Soon after,its reseller Eastshore posted that company which made Strong STU-UT6 is on the brink of bankruptcy,riddled with debt to suppliers and customers:

The best DASH miner which REALLY works is Spondoolies SPx36. It gets 540GHS with power consumption of 4400W and staggering price of $7000 per unit:

https://www.spondoolies-tech.com/products/spx36

Even such beast of miner is largely unprofitable with the cheapest electricity of just $0.05.It should be noted that many miners does not have access to such cheap electricity:

So,as you see ,it is not FUD. You cant mine DASH and be profitable even with the best available miner on the market and with access to the cheapest electricity.