What is Dubai Coin? – DBIX
Dbix is the first POW digital currency to start up in the Middle East and is the fuel of Arabianchain. The team behind it are very active and have been going since February 2016. They are not an ICO and have even secured a significant outside venture capital investment.
From the Website:
“Arabianchain Technology is a UAE based venture that is unlocking the potential of tomorrow’s economy by enabling today’s blockchain innovation. Arabianchain is the first public, decentralized and consensus-driven blockchain in the MENA region that allows for self-executing and globally accessible smart contracts and decentralized Apps to be developed, and for digital tokens to be transacted, tracked and safeguarded over a network of thousands of connected yet distributed devices.”
The cryptographic algorithm used by Dbix is Dagger Hashimoto (Ethash) which is the same algorithm as employed by Ethereum (ETH) and it can be mined using a GPU.
Where can I Buy/Sell/Trade Dubai Coin – DBIX?
There are a number of exchanges where you can buy, sell and trade Dubai Coin, such as:
How do I set up a DBIX Wallet?
Currently there is only a local wallet for Windows and Ubuntu.
There is also a web based wallet
Is it profitable to mine Dubai Coin DBIX?
This depends on what hardware you have, it can be easily calculated over on Whattomine. Remember profit shown here is based on selling the coin straight away.
How do I Mine Dubai Coin? DBIX
Dbix can be mined in exactly the same way as Ethereum using Claymores miner or any other Ethash miner.
Find a Mining Pool
First you need to find a mining pool, here are some examples.
Create a Wallet Address
This can be from an exchange or desktop/web wallet.
Download Mining Program
EthDcrMiner64.exe -epool stratum+tcp://dbix.pool.sexy:10032 -ewal <ADDRESS> -eworker <WORKER> -esm 0 -epsw x -allpools 1 -mode 1Copy
PhoenixMiner.exe -pool stratum+tcp://dbix.pool.sexy:10032 -wal <ADDRESS> -pass x -worker <WORKER> -esm 0 -allpools 1Copy
ethminer --farm-recheck 200 --cl-local-work 256 --cl-global-work 16384 -G -F http://dbix.pool.sexy:10031/<ADDRESS>/<WORKER> --disable-submit-hashrateCopy
Host: dbix.pool.sexy Port: 10033 Pass: # Algorithm: DaggerHashimoto