Hi,
I've still kind of new in this digital currency world. I just discovered Bitcoin and now I found many other cryptocurrencies.
My questions are....
*. Is it worth it to mine in other currencies besides bitcoins?
*. Wouldn't be better if we only use only 1 instead of 8?
*. Does it (having other currencies) weaken bitcoins?
I do respect other currencies and their followers, it's just I don't understand this "new world" yet.
May anybody tell me the advantage?
Thanks!!
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Back in December 2017, when the bitcoin mempool was so large you had to wait three weeks or more for your transaction to be processed, the other altcoins showed their merit. Because if you had money in an alt exchange and wanted to move it, you were better off converting it to litecoin and sending it to an exchange where you could sell it directly for fiat, than sending bitcoin.
Simply put, the other alts exist because bitcoin still hasn't fixed the issue of scaling. So scaling is being done with alts.