I came across this very good analysis of Dash, which not only focus on price but also explains all the aspects of Dash
and its history very well. Its an article from Brave New Coin and is dated 21st of october 2019
Dash Price Analysis - Increasing and sustained on-chain activity
Link :
https://bravenewcoin.com/insights/dash-price-analysis-increasing-and-sustained-on-chain-activityBelow is just a brief summary that i'm quoting here, the article itself is an interesting read and i advice you all to read it fully.
Fundamentals suggest increasing and sustained on-chain activity over the past two years. While optional privacy features are not predominant on the network,
these types of transactions have also increased year over year since inception. Protocol development appears to have slowed in recent months, based on Github activity,
after a slurry of upgrades to Master Nodes earlier in the year.
Unlike other coins from the class of 2014, which have largely fallen by the wayside, DASH has likely survived due to both the Master Node and treasury components.
Master Nodes discourage a vast majority of the circulating supply to ever see the open market, and the treasury has continued to fund DASH related development and
marketing to sustain the coin over the past four-plus years.
Technicals for both the DASH/USD and DASH/BTC pairs suggest a local bottom in the near-term. Critical resistance for the DASH/USD pair sits at US$80. If this level does not hold,
there may be a bullish rally toward US$128 by years end. DASH/BTC is also ripe for a larger mean reversion to the 0.132 sat zone. Both pairs will likely suffer from continued bearish
momentum if delistings due to regulatory concerns continue.
Two remarks :
Protocol development for Dash on Github takes place in 'Development' before getting pushed to 'Master', which not many reviewers are aware of and not many sites take into account. Link :
https://github.com/dashpay/dash/commits/developAs you can see there is a lot of recent activity around Dash next update (v0.14.1), although it most likely pales in comparison to number of commits for v0.14.0 (much larger update).
I'm not sure this article included the Github 'Development' activity or just looked at Github 'Master' activity.
Delisting due to regulatory concerns seems to have slowed down, latest news was OKEx Korea actually reconsidering the delisting of Dash and Zcash and putting both cryptocurrencies back under review.
They did fully delist Monero though. Link :
https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dashTo conclude, the article also mentioned a new Dash ASIC miner emerging in November, could be interesting to see how this effects the Dash mining hashrate. Will hashrate explode upwards again or will it have
limited impact ? Will miners upgrade their mining equipment ahead of the next -7,1% Dash blockreward reduction ? (planned for somewhere in march 2020 i think).
StrongU is slated to release an X11 ASIC this November. Overall, mining profitability is currently sitting near an all-time low.
Update : i think i found the Dash ASIC miner the article was referring to
Edit : a little facepalm to myself, article actually shows the specific new Dash ASIC miner of StrongU in its mining profitability overview picture.
https://miners.eu/product/strongu-stu-u6-x11-dash-miner/ (i have no experience with this specific site, i just found the new referenced ASIC miner there through a Google search)
Lets compare this new StrongU STU-U6 X11 Dash miner with Spondoolies SPx36 Dash Miner (which is out of stock by the way) :
StrongU STU-U6 X11 Dash miner specificationsPower consumption: 1950 Watt
Hashing algorithm: X11
Hash rate: 440 GH/S
All machines include associated power supply
Availability : Pre-Order
Price : 2,000.00 ex. VAT
Mining profitability :
https://www.cryptocompare.com/mining/calculator/dash?HashingPower=440&HashingUnit=GH%2Fs&PowerConsumption=1950&CostPerkWh=0.22&MiningPoolFee=1Spondoolies SPx36 Dash Miner specificationsPower consumption: 4400 Watt
Hashing algorithm: X11
Hash rate: 540 GH/S
All machines include associated power supply
Availability : Out of stock
Price : $7,000.00 (that is about 6,336.00 and i assume also ex. VAT)
Mining profitability :
https://www.cryptocompare.com/mining/calculator/dash?HashingPower=540&HashingUnit=GH%2Fs&PowerConsumption=4400&CostPerkWh=0.22&MiningPoolFee=1In the end it comes down to how much you pay for electricity (in my country about $0.22 0.20 per kWh) and exspectations about the Dash price.
What is interesting though is that despite an overall all-time low Dash mining profitability, there is such a growth in Dash mining hash power (near ATH).
This either means that Dash miners are using cheap electricity somewhere, or have high exspectations about a higher Dash price in the nearby future.
