To restore fair mining incentives, Bitcoin ERC (abbreviated "BTCE") adopts and improves upon a hybrid mining model. This means that all ASICS designed for Bitcoin’s SHA-256 are now completely ineffective on BTCE. BTCE inherits Bitcoin’s scarcity (a total of 21 million), changes the mining incentive mechanism (updated to a compound mining model), while also adhering to the ERC20 standard, resulting in lower transaction fees and better compatibility. Any wallet that supports the ERC20 standard can support BTCE.
Thus, mining rewards will be more equitable for regular users. This is why BTCE was created—to bring Bitcoin mining back to the general community user. Traditional mining is an extremely difficult task that wastes vast amounts of electricity, with mining giants monopolizing Bitcoin’s computing power resources. BTCEs hybrid mining approach more economically reduces network operating costs, and various mining modes provide regular users with more opportunities to mine.