What you need is a crash in the network hashrate, not the price, and that isn't going to happen. Follow my blog and in a few days you'll see my post explaining it in more detail.
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What you need is a crash in the network hashrate, not the price, and that isn't going to happen. Follow my blog and in a few days you'll see my post explaining it in more detail.
I Already Followed You, And I Don't See How A Crash In The Price Won't Affect The Network Difficulty. Miners Won't Be Making Enough Profit To Keep Their Machines Running :)
I have posted about this now and explained all the details to back up my assessment.
You can find it here https://steemit.com/cryptocurrency/@buggedout/asic-resistance-is-a-myth-dash-is-conquered
I had invested $3500 and was doing great the first 4-5 months. You think your making all this money only to watch the difficulty go way up. I use to make a few hundred a month, now only $18 a month on DASH. I made about 60-70% of my money back.. Its a joke, you are way better investing right into the coins or go into a proof of stake coin like NEO and get paid GAS every day. JUST IMO - After about 6 months, your shit out of luck unless your getting many of those 3% codes going around, thats the only way. I finally took the correct steps and started investing in the good ALT coins like NEO, VTC, OMG, BQX and PPT and I have made 10x my money in less than 6 months. I will never invest into Mining ever again, its a waste when you can do so much better if you just spend some time researching alt coins, IMO.. Just a quick note, I spent 1.27 BTC for my 100MH of ETHER too, how am I doing..lol, The BTC would be worth about 7k today and I know I have only made a little over 2k in that contract.. Wake up and don t fall for this crap, people are constantly falling for this garbage when they could be doing so much better
Have a read of the article I wrote above. The issue with DASH is the ASICs have moved in and taken over. Mining contracts will always decline in profitability over time but DASH has been savaged in the last 2 months. Bad luck.