Why Easy Miner Does Not Have Bitcoin (Easy Miner Supported Cryptocurrencies)

Why does Easy Miner not have Bitcoin? Bitcoin mining is a very important aspect of the blockchain industry. With the development and maturity of the cryptocurrency market, the price of Bitcoin has seen a significant increase in the past year. However, the price of Bitcoin has not continued to rise and its volatility has increased.

Although people have different views on Bitcoin, many also consider it as a viable asset class. Despite many people viewing this concept as an investment opportunity or a speculative tool, in most cases, investors still choose not to understand these things.

In fact, there are several factors that can affect the price of Bitcoin. First, the high energy consumption and associated high electricity costs resulting from network congestion make it one of the main use cases for Bitcoin.

Secondly, the prices of Ethereum (ETH) and some other digital tokens have recently fallen by more than 50%. Therefore, if people want to hold Bitcoin, they need to trade it as it is usually managed by a single entity and subject to strict restrictions.

The third issue is whether the price of Bitcoin will continue to decline. This situation is important for those who want to make money through trading. However, for those who want to buy Bitcoin, they are not so concerned because they only sell their Bitcoin for better returns. Moreover, in the long run, the price of Bitcoin may rise.

Of course, there are also people who say, “We already have Bitcoin.” But in reality, there is no BTC less than Easy Miner because Bitcoin itself is not decentralized. Simply put, Bitcoin is like an open system where anyone can run their own node. When someone tries to access the network, you have to create a complete network to execute your transactions.

As explained in this article, “Bitcoin” is not the foundation of all common goals for developers, entrepreneurs, users, etc. Instead, each community is built on the same basis and there are differentiations between them. The consensus algorithm of Bitcoin has characteristics of high flexibility and immutability, supporting interoperability protocols for multiple clients, while also allowing other smart contracts to interact with each other.”

In short, the speed of processing millions of transactions per second is faster, and the entire process can be completed without trusting third-party institutions such as wallets or exchanges, so the value of Bitcoin will be higher; whereas blockchain solutions like Stellar are more efficient and secure.

However, considering this issue, many experts point out that the adoption rate of Bitcoin may not exceed 10-15%.

Nevertheless, even today, Bitcoin is still in its early stages, and its growth potential is limited because less than 1% of the supply is currently mined in the market. In comparison, the total amount of Bitcoin is still relatively small and its market value of approximately $100 billion is unpredictable.

Some also argue that Bitcoin is scarce because it is based on Ethereum, not Bitcoin Cash.

Supported Cryptocurrencies by Easy Miner

According to official sources, Easy Miner now supports BTC and BCH, among other cryptocurrencies. The cryptocurrencies currently supported by the platform include ETH, EOS, USDT, XRP, and ADA. Among them, ETH can be mined through the “Earn Coins” feature; EOS can be mined through the “Transfer” and “Transaction” features; ADA can be staked to allocate rewards to one’s favorite projects.

It is reported that participating in Easy Miner as a user is the only way to directly withdraw from a wallet to an exchange without any fees.