The block reward on the Dash (DASH) blockchain network has been reduced after completing its block reward halving at block height 1,892,161. Unlike Bitcoin, which cuts block rewards in half, Dash reduces its reward by 7.14% every 210,240 blocks. Currently, the reward stands at 2.3097 DASH and will reduce again in July 2024.
The reduction in block rewards affects miners’ earnings as they deploy their computational power to secure the network. After Dash’s halving, mining pool ViaBTC informed miners that the reward would decrease from 1.05 to 0.98 DASH. The block rewards are split between miners and masternodes, with 90% going to miners and masternodes and 10% to the DASH Treasury DAO. The distribution ratio between miners and masternodes is currently 42.3% and 57.7% respectively, but it will shift in favor of masternodes over time.
Dash’s block reward halving comes approximately 40 days before Litecoin’s halving and a year before Bitcoin’s anticipated halving in April 2024.
FAQs
What is Dash’s block reward halving?
Dash’s block reward halving is a process in which the reward for miners and masternodes is reduced by 7.14% every 210,240 blocks.
How often does Dash’s block reward reduce?
With a block time of 2.5 minutes, Dash’s block reward reduction occurs approximately every 365 days, or once a year.
How does Dash’s block reward distribution work?
In Dash’s block reward distribution, miners and masternodes share 90% of the block reward, while the remaining 10% goes to the DASH Treasury DAO. Currently, the distribution ratio is 42.3% for miners and 57.7% for masternodes, but it will gradually favor masternodes over time.
When is the next halving for Dash’s block reward?
The next halving for Dash’s block reward is estimated to occur in the first week of July 2024, with the block reward reducing from 2.3097 DASH to 2.1448 DASH.