Dash Mining Reaches Petahash Range. Dashs network hashrate has crossed the petahash line, indicating strong potential for future growth. Dashs rise in mining hashpower has similarities to Bitcoin in 2013. In mid-September, the hashrate similarly crossed the petahash barrier. Around that time Bitcoins price was around $130, less than half of what Dash is now. Within a couple months, however, that price was over $1,000.
A surging network hashrate indicates a lot of investment, both in time/effort and resources, in Dashs network and long-term viability, including a significant amount of entrepreneurial risk from miners purchasing hardware which may not turn a profit for some time. In particular, present hashrate makes Dash not very profitable to mine (possibly even profit-negative), meaning that many miners are counting on a significant price increase in the near future. While many other factors are at play here, a strong hashrate could mean that a Dash price surge is on the horizon.
Long ago I said that I might sell few DASH when it reach $500... That sounded funny. But more funny was to watch it @500 and saying " sh*t this will soon be impossible to buy. I will never reach my masternode back"
So these miners might seem stupid but what they gave for it? Dollars? Bitcoins?
