Dash Miners Set Personal Best, Record Highest Ever Hashrate, Topping November’s Petahashes

Dash Miners Record Hashrate

Cryptovest describes DASH in its DASH Mining Guide as an “open source peer-to-peer decentralized digital cash that is heavily focused on the payment industry.”

The cryptocurrency can be mined and as the platform’s webpage explains, the process involves “specialized computers” and solving “extremely difficult math problems.” If miners provide the correct solution to a problem, they receive the right to add a new block to the blockchain. Upon verification that the problem was solved correctly, a new block is added and the miner is “rewarded with Dash currency.”

Cryptobriefing released an article recently indicating that according to Bitinfocharts, “the processing power used to secure the Dash blockchain has just hit record numbers” and that the data from the chart indicates that “the total hashrate clocked in at 3.2385 petahashes on April 19^th of this year, beating November’s record of 3.237 PH.”

On April 29, 2019, Dash News confirmed the all-time high. The post adds that the hashrate has proven to remain strong over the years, even with significant market downturns. It also takes the position that the higher hashrate is due to an increase in mining power on the network, which reduces the total amount of Dash that each miner is rewarded. In addition, the hashrate can be expected to grow during price increases where a reduce Dash reward per individual miner is equal to or more than it was before, or when the hardware allows for a higher hashrate to be attained at a lower cost.

It continues that in general, though, the

“Hash rate has remained relatively stable, and has increased as well, despite a decline in the price of Dash of about 95% over this period.”