Over the past decade, the mining world of cryptocurrencies has transformed from something that any avid hobbyist with a functioning computer and Internet connection could do to require special equipment and expertise. Given that, it is easy to feel that you missed the boat if you were not an early cryptocurrency adopter. But with Bitcoin’s Coinmine One mining machine, almost anyone can mine cryptocurrency once again.
The Coinmine One is Coinmine’s main product, and was created to democratize cryptocurrency for everyone. Simply put, the Coinmine One is a specialized mining computer that takes the complex process of cryptocurrency mining and automates it. It’s an Application-Specific Integrated Circuits device that only needs an active wifi connection and a Coinmine app to get started. Once in place, you will automatically dig out your own cryptocurrencies – a “Set It and Forget It” scenario, which can be profitable.
The Coinmine One costs less than a new iPhone and is designed to be extremely easy to set up. It’s quiet, energy efficient, in your choice of white or black, and can mine a host of different cryptocurrencies.
You could use the Coinmine One to mine popular cyptos like Bitcoin or Ethereum. But, as Coinmine co-founder Farbood Nivi recently told the Los Angeles Times, the real purpose of the Coinmine One is to allow consumers to find the next Bitcoin or Ethereum, and make some money in the process:
“This is not just about being easy to set up … It’s about what’s to come, and not miss out on the promising new networks like you missed out on bitcoin and ethereum in the days early. “
You can use your Coinmine One to automatically mine new cryptocurrencies like Monero, Grin and Zcash, and the Coinmine app will allow you to mine newer cryptos as they are developed.
Even with Coinmine One, hitting a big paydirt will take some luck and prestige. But even while you wait for the iron to warm up, Coinmine One offers some real benefits for cryptocurrency investors. You can earn your own bitcoins with every transaction that is routed through the Bitcoin Lightning Network, which also lets you send and receive bitcoins almost instantly and at minimal cost. By storing any cryptos you dig in your Coinmine digital wallet, you can earn at least 6.5% APR in interest.
While the Coinmine One is designed to be usable by any amateur crypto miner, the Coinmine app also offers the ability to fine-tune your mining behavior depending on the trends of the day. Notice a new trend that looks good (and profitable) to you on a given day? Simply turn off what you use the Coinmine One to mine, which you can do daily or even hourly if you want.
If you’re still on the fence about breaking into crypto mining for yourself with the Coinmine One, you might be interested to know that it has some of the biggest names in cryptocurrency that providing its funding. This includes Coinbase, the largest cryptocurrency exchange in the world. So head on over to the Coinmine site now and learn more.
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