Our Second Written AMA — Ask Me Anything, But Make It On Medium

BlockDAG’s Written AMA: All About Miners, Presales, and What’s Coming Next!

Hey BlockDAG readers! Happy Monday! We’re back with another exciting update, and this time it’s all about miners. Just a week ago, we had our second-ever Live AMA with our CEO, Antony, where we dug deep into everything miner-related. The energy was electric, and we had some fantastic discussions. But as always, not all questions got fully answered, and we know you have more burning questions. So today, we’re following up with a Written AMA!

This one is all about miners — X10s, X30s, X100s — you name it! Let’s dive into your questions and get you the answers you’ve been waiting for. Plus, we’re going to give you a major update on our $72.4 million presale successand what’s next for BlockDAG Network.

Let’s start with some incredible news. The BlockDAG presale has officially crossed $72.4 million, and we’re still going strong. The presale has attracted some serious interest, including big names and major partnerships that we can’t wait to share more about.

It’s clear that people believe in what we’re building here at BlockDAG. This isn’t just another decentralized network — it’s a movement. And as we approach our Testnet Era, the momentum is only going to grow. We’ve got big things coming, so stay tuned!

Q1: I’m interested in purchasing more miners. When will all the details on the different options be available?

We’re working on getting all the details ironed out by the end of October. There’s a lot of research happening behind the scenes, especially as we’re exploring new cloud hosting and cloud mining options. We want to make sure we’re providing the best choices possible, and we’ll have updates soon.

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Q2: What’s the decision process for X10 miners?

We’ve got a major decision ahead for the X10 miners, and here are the three options we’re considering:

1. Proof of engagement hardware device — Paired with your phone for seamless operation.

2. Low-efficiency proof of work miner (ASIC) — It’s real, but not the most efficient.

3. Upgrade options — You could either upgrade to an X30 or convert your X10 into BDAG coins at the presale starting price.

We’ll be announcing the final decision soon, so stay tuned.

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Q3: Will I need to re-engage the X10 miner daily?

Yes, there will likely be some engagement required for the X10 miner to keep things decentralized and efficient. However, we understand that requiring hourly activations could be impractical, so we’re working on a system that strikes the right balance between security and ease of use.

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Q4: How many X10 miners can I pair with the X1 app?

Currently, you’ll be able to pair multiple X10 miners with the X1 app. However, we’re still finalizing the exact limits and how it will function. Rest assured, we’ll release all the details soon!

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Q5: Will the amount of BDAG mined by the X10 be influenced by referrals?

Yes, referrals will play a role in boosting the mining output of your X10 miner. We believe in the power of community, and incentivizing referrals is one way we’re making sure that the early adopters are rewarded.

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Q6: X30 & X100 Miners — Can I mine other chains while waiting for BlockDAG to go live?

Absolutely! The X30 and X100 miners are general-purpose ASIC miners, meaning you can mine any blockchain that uses the SHA256 algorithm. While profitability will vary based on several factors — hashrate, power usage, network difficulty — you’ll be able to generate income while waiting for BlockDAG Network’s full launch.

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Q7: Early investors are concerned about earning the original amount of BDAG. Is there a way to ensure they benefit?

Yes, we value our early investors, and we’ve heard your concerns. While it’s difficult to guarantee exact earnings due to decentralization and network competition, we’re working on a mechanism to boost the earnings of BlockDAG miners bought during the presale. This will give early adopters an edge over later entrants, without compromising the integrity of the network.

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Q8: What’s the status of the miners I purchased in July?

Don’t worry — you haven’t been forgotten! While the dashboard shows your purchase, none of the miners have been shipped yet. We’re finalizing some logistics, and they’ll be on their way soon.

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Q9: What’s the timeline for cloud mining/hosting?

We’re currently working with cloud hosting and mining providers to offer the best possible options for our community. By the end of October, we’ll have more details on pricing, packages, and availability. We’re exploring both cloud hosting and cloud virtual mining options to give you flexibility.

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Q10: What are the bandwidth requirements for running multiple miners?

The good news is that running miners doesn’t require much bandwidth. For example, running 6 X30 miners will require less internet bandwidth than streaming a movie! If you’re planning to run your own node, however, you’ll need a high-spec PC and a fast internet connection. We’ll publish the full specs soon.

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Q11: What’s the mining reward and difficulty adjustment algorithm?

We’ve implemented a Bitcoin-like difficulty adjustment algorithm to ensure fairness. Mining rewards are still being modeled, but we expect rewards to continuously reduce rather than halve periodically. This gradual reduction ensures stability over time, and we’ll provide more details once finalized.

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Q12: Can I trade or upgrade my miners?

Yes! You’ll be able to trade or upgrade between X10, X30, and X100 miners, and even convert them to BDAG coins at the presale price. We’ll make this process available via your dashboard, so you’ll have full control over your miner strategy.

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This past week has been massive for BlockDAG, but trust us — there’s so much more to come. With the $72.4 million presale milestone behind us, we’re moving full steam ahead toward the next phase of our journey. The Testnet Era is just around the corner, and big partnerships and new opportunities are on the horizon.

Thank you for your continued support, and as always, keep the questions coming. We’ll be back soon with more updates, so make sure to stay tuned.

Keep following, keep sharing, and keep believing. BlockDAG is certified #1,and we’re building this future together!

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