FAQs

BlockDAG, inspired by the efforts of Bitcoin and Kaspa, is a state-of-the-art cryptocurrency that plans to make mobile mining accessible for all. With a go-to-market strategy, our goal is to advance the crypto industry by blending the best of existing blockchain technologies with groundbreaking speed, flexibility, and innovation.

To begin mining BDAG, simply download the BlockDAG app. This mobile application makes it easy to engage in the mining process and integration into the BlockDAG community.

Mining is open to everyone. BlockDAG is dedicated to making cryptocurrency accessible and inclusive, breaking down barriers to entry for individuals from all walks of life.

Historically, early involvement in the cryptocurrency domain has yielded considerable rewards. Pioneers such as Ethereum, Binance coin, and Polygon have offered their initial users a chance to be part of transformative blockchain developments. By securing a stake in BlockDAG from its inception, you are not merely investing - you are strategically positioning yourself at the vanguard of what might become the next significant stride in blockchain technology.

BlockDAG distinguishes itself with its groundbreaking commitment to roll out its mainnet within an ambitious six-month frame. This is a radical departure from the extended development cycles typical of the industry, signalling a major leap in operational agility and dynamism.

BlockDAG is developing an advanced hybrid consensus mechanism, evolving beyond the DAG protocol used by Kaspa. This mechanism is designed to validate transactions faster while maintaining high security.

The total supply of BDAG is fixed at 50 billion, with distribution as follows: 20% (10 billion) is reserved for presale. 70% (35 billion) is designated for the community, subdivided into: Miners: 28 billion BDAG Community Building & Ecosystem: 5.25 billion BDAG Liquidity Pool: 1.75 billion BDAG

Miners are pivotal to the BlockDAG ecosystem, responsible for validating and securing transactions. This significant allocation is a reward for their essential role in maintaining the integrity and expansion of the network.

Crypto mining is very profitable, especially in 2024. With BlockDAG’s mobile mining app, users can easily mine BDAG coins at the convenience of their homes. They also offer X Series mining machine variants, from which you can mine from 250 to 25,000 BDAG’s per day.

For an in-depth exploration of BlockDAG’s technical aspects, refer to the 'BlockDAG Technical Blueprint' in our DAGpaper v1. This section offers a detailed analysis of consensus mechanisms, cryptographic breakthroughs, scalability strategies, smart contract capabilities, tokenomics, and the network's governance model.

Connect your ASIC miners to reliable power supplies. The stability of your setup is critical for efficient mining operations.

Link the ASIC miners to your router or switch using Ethernet cables. ASIC miners typically lack Wi-Fi connectivity for enhanced reliability during mining.

Access your router's interface from a computer within the same network to identify the IPs allocated to each ASIC miner. For streamlined monitoring, consider assigning static local IPs through your router’s settings.

Enter the identified IP addresses of your ASIC miners into your web browser's address bar. This action should prompt a login page, typically accessible using default credentials provided in the manufacturer's manual.

Navigate to the ASIC miner's control panel and access the mining pool configuration page. Follow the guidelines from your chosen mining pool to input the correct Protocol, Address, and Username/Address details to link your miners to the pool.

Once configurations are set, your ASIC miner should be primed for mining. Check the miner’s control panel, usually featuring a mining status page to verify readiness.

Mining pools will direct your earned BDAG coins to the specified wallet address provided during configuration.

Consider configuring an external computer to act as a monitoring tool for your miners. Numerous solutions exist, so it's beneficial to join a mining community to select a widely used monitoring tool for efficient oversight.