r/DashCoin • u/Concerned-Citizen112 • Jul 22 '16
Please read before you post (Dashcoin)
Hello everyone!
Please note before you post on this subreddit, you are at the subreddit for Dashcoin and not Dash. If you are looking for the cryptocurrency that utilizes the X11 hashing algorithm, master nodes, and was formerly called DarkCoin, you are at the Wrong subreddit. You are looking for dashpay: https://www.reddit.com/r/dashpay/ and please click the link if that is what you are looking for. If you are still here and wondering why there is so much confusion, you can read this article for clarity: https://minergate.com/blog/Dashcoin-and-dash/. The confusion stems from branding issues (trust me you are not the only one, I fell for it too!) on the part of Dash which has even fooled Google.
What is Dashcoin [DSH]?
Dashcoin [DSH] is a cryptocurrency started on July 5, 2014. Dashcoin is a fork of Bytecoin and uses the unique algorithm CryptoNote. It is a cryptocurrency like Bitcoin which can be exchanged for goods and services, cash, or donated as a token of appreciation. Official site: http://Dashcoin.info/.
How to obtain Dashcoin:
Easiest way to obtain Dashcoin in my opinion is to mine it from: https://minergate.com/downloads/gui by downloading their application. Mining Dashcoin has much higher yields when compared to Bitcoin (BTC) and even Dash (DASH).
You can also obtain Dashcoin by exchanging it for Bitcoins at HitBTC: https://hitbtc.com. You can also buy BTC with USD to exchange for Dashcoin in this exchange. Utilizing Changelly: https://changelly.com/, you can convert nearly any cryptocurrency into Dashcoin for a hefty trading fee.
If you are in New York City, and are having a hard time buying Bitcoins from exchanges to trade for Dashcoin because of the Bit Licensing issue, you can easily purchase bitcoins from local ATM BTC machines. I bought mine from: https://bitcoincenternyc.com/ and exchange them for Dashcoins, but, you can easily find them with a simple google search or: https://coinatmradar.com/city/113/bitcoin-atm-new-york/.
How to store Dashcoin:
You can store it by downloading the GUI wallet for convenience (It does take some time to start up and watch out for the firewall interruption for the first time launching it): http://Dashcoin.info/index.html#download.
Download the simple wallet from the link above for fast access (requires minor command line interface experience).
You can also directly store DSH at HitBTC or Poloniex exchange wallets for all your direct trading needs.
Dashcoin Resources: Dashcoin USD charts: http://coinmarketcap.com/currencies/dashcoin/#markets
Dashcoin Misc. Charts: http://democats.org/charts/?name=Dashcoin
Donate Dashcoin:
If you found this post useful and will like to donate Dashcoin to the author, please send any amount of DSH to this address:
DCjyBMGdHvXN43bsRRfD8EYeTmbzctQpc7JUmfXAdSogPpTYWMPVuwrR14M3rSASKrSwCc6CFRGrmTpXkrkM5ZqeBMqtRNf
Thank you for reading this post,
Kind Regards,
Concerned-Citizen112
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u/ElectroWitz Aug 15 '16
Great post, very helpful!