The high volatility of cryptocurrencies represents a barrier that keeps many from stepping into the world of crypto. Even more, the recent rise in the volatility of cryptocurrencies has greatly reduced their significance as an asset for a "store of value" This has undermined the ability of users to think of these assets in terms of "investment" and "profit".
Volatility can also negatively affect the profitability of cryptocurrency mining. One can mine $50 worth of cryptocurrency today and wake up the following day to find the value of those coins shrink down to $25, or even lower.
Cryptocurrency volatility can also cause problems for cryptocurrency mining platforms which pay earnings in crypto, especially those that provide mining software which can be used to mine multiple cryptocurrencies. Users may come to question the honesty and trustworthiness of those platforms due to the marked swings of the coin price and network difficulty of the coins they mine, as these factors would be reflected on their earnings.
This illustrates the benefits for cryptocurrency platforms to pay out their users in USD. A cryptocurrency platform would be able to calculate the profitability of each user in real time in USD according to their hardware specifications, network difficulty, and market prices of various mined coins. Hedging mining's earnings to fiat currencies, e.g. USD, promotes transparency and increases trustworthiness in a cryptocurrency mining platform.
Due to these reasons, WinMiner has chosen to make users' payouts in USD. WinMiner has developed an automated exchange trading system that operates by receiving all users' mined coins and quickly converting them to bitcoin, then to USD. This is possible via WinMiner's connections to multiple cryptocurrency exchanges, on which a group of smart trading bots are deployed to continuously exchange users' mined coins to USD.
WinMiner hedges users' earnings to USD, which is the base currency for all users' balances. As such, users' payouts won't shrink when the prices of the coins they mine decline. This lets miners enjoy the comfort of certainty in face of the highly volatile cryptocurrency market.
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