The complicated process of crypto mining all set to get
The complicated process of crypto mining all set to get a revamp with the launch of Coinmine One next month. The mobile-focused mining device is developed to make crypto mining accessible to all. At a time when most companies are moving out of the mining business, this comes as a breath of fresh air.
Developed by the Los Angeles-based crypto mining hardware firm, Coinmine, the Coinmine One can be considered as a hybrid between PC tower and an Xbox console. Interestingly, the California based Coinmine is backed by Coinbase Ventures.
Coinmine One comes with the unique Mine operating system. The OS dynamically integrates the changes in the crypto markets with automatic updates to the system. An accompanying iOS or Android App allows users to keep track of their earnings easily.
Presently, with Coinmine One, you can mine an array of cryptocurrencies such as Ethereum Classic, Monero, Ethereum, and Z-Cash. As per Coinmine’s official website, the simple, privacy-focused token Grin will soon be added to the list of cryptocurrencies that can be mined using the device.
Coinmine One stands out from the competition because its hash rate is much lower as compared to other miners in the market. Hence, any beginner can start easily with crypto mining with this device. Since it updates according to the changing protocols, the device stays up-to-date all the time, and hence anyone at any skill level can easily operate the device.
The CEO of Coinmine, Farbood Nivi was quoted as saying:
“The one thing that’s consistent in crypto is that it’s constantly changing and evolving. Coinmine is the only solution that makes it possible to continually be a part of that.”
The most notable aspect of Coinmine One is that its energy consumption is quite low. In fact it only consumer 120W of energy, which is the same as the energy consumed when playing a game on the PlayStation 3. What more? Its running volume is only 40 decibel, so it won’t wake your neighbours up as you mine currency and make money. Coinmine One retails at the price of USD 799 and starts shipping in December.