Past months, Dash coin is experiencing a surge in price and increase in trade volume. To give you some numbers, Dash 24h trade volume never surpassed the $ 3 million USD mark in January, while as for today, September 3, average Dash trading volume is about $ 30 million/24h and with spikes of $ 3 billion USD/24h.
Dash is enjoying some impressive and unseen popularity. This means that anyone who is currently mining the coin is getting some nice money in their crypto wallets.
There is some good news for anyone willing to profit from this Dash price surge. PinIdea, a well-known China-based ASIC manufacturer recently announced a new DASH miner that is meant to compete with the Bitmain Antminer D3.
PinIdea DR-100 X11 ASIC
While the Antminer D3 offers out-of-this-world hashrate and ROI, some people don’t trust Bitman and are looking for alternatives. Since Baikal eventually failed to create a new-gen Dash miner which speed is measured in Gigahashes and not in Megahashes, PinIdea’s new ASIC together with Innosilicon’s A5 are apparently the only real alternatives to the D3.
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What we see here is an ASIC with 2 months ROI. It is probable that the 2 months ROI is not changing anytime soon since Dash price keeps steadily rising – The increase is so notable that it covers mining difficulty increases and makes the coin more profitable to mine by the day.
Some people are concerned that every new Dash ASIC that is being added to the mining pool works as a difficulty bomb. While that is indeed true, I believe that it is also important to keep an eye on the coin, its functionality and market. As for today, experts agree that Dash got some great prospects.
As for today, the DR-100 ASIC is out of stock. Apparently, the demand is high and the small company fails to fulfill it. There are a lot of people who avoid purchasing from Bitmain and Innosilicon, which is yet another reason why PinIdea products don’t last long on the shelves. Now, the question is:
Can You Trust PinIdea?
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PinIdea is a China-based company that was founded in 2015. The company released several Dash ASICs and apparently it does not fail to keep up to the pace of mining technology advancement.
Now, is it worth your trust? There is probably no definitive answer to that question. While there is always that guy who yells “Scam!” no matter what, the majority of reviews about PinIdea are positive.
There have been cases where people labeled PinIdea as “scammers” but who would later retract their claims. This happened a lot during last Chinese New Year, where all orders were delayed for a couple of weeks. Some of the customers who didn’t knew about the Chinese national celebration started to panic and filled the forums with negative reviews about PinIdea. Luckily enough, most, if not all of the orders were delivered after the celebration was over.
It is obvious that one can never be 100% certain when purchasing products from a foreign country. If you ever bought anything from PinIdea, please do let me know in the comment section below.
Cointelegraph U.S. editor and Dash Core Team member David Dinkins is optimistic about Dash. In his article where he talks about Dash history, he concludes that despite the rough start of the coin, “A working governance and funding model gives Dash a big advantage in the marketplace”
According to the Dash team, as well as certain third-party sources, there are some good changes ahead of Dash. All of this means that this is probably the right time to invest in Dash mining equipment.
It might be also a good idea to keep an eye on the official DR-100 store page in case there will be a new batch of miners available for sale.
Thank you for reading. As always, your comments, suggestions and questions are welcome.