BetterHash News

Upcoming Automatic Conversion: Transitioning from ZEC, DASH, GRIN, BEAM to BTC for Enhanced Asset Protection

By Daniel Statescu

In the coming days, we'll be automatically converting some older coins to BTC. The coins slated for conversion are: ZEC, DASH, GRIN, and BEAM. We're taking this step for the following reasons:

- Decline in Value: All these coins have experienced a significant drop in their value, with losses exceeding 80% of their worth. Considering their historically modest valuations, we believe it is in our users' best interest to move away from these coins.

- Lack of Profit: Mining these coins has become unprofitable.

- Small Balances: The total value of these assets in user accounts is minor and held by a limited number of users, most of whom have inactive accounts.

- Withdrawal Option: If you prefer to keep your coins, you have the option to withdraw these small balances before December 1st. After this date, all remaining balances will be converted to BTC.

- Automatic Exchange to Bitcoin: To protect your assets, we will automatically convert all remaining balances of the aforementioned coins to Bitcoin (BTC).

We kindly urge all our users to utilize the options of BTC auto-exchange and profit-switching to maximize their mining revenue. Some coins are only profitable for a limited time, and it's usually more advantageous to convert them to BTC while they are at peak value.

We remain committed to vigilantly monitoring the cryptocurrency market to identify and integrate new, profitable coins for our community.

BetterHash Team

About the Author

Daniel Statescu is the CEO of Innovative Solutions, the company that created BetterHash. Cryptocurrency enthusiast and code geek, he came up with the idea of BetterHash when he saw the need for a user friendly mining interface that would make mining accessible even for the most inexperienced.