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Image source: https://minernews.io
Coinmine, a Crypto Firm based in Los Angeles and a startup supported by Coinbase has launched a mining device, which costs $ 799. The device simplifies the mining process by connecting to personal computers and allows users to control from an app mobile.
In addition to Bitcoin, users can extract Ethereum, Monero, Ethereum Classic and Z-Cash. However, it also allows users to add a new cryptocurrency network that could be introduced in the near future. The reports also revealed that the device will store data that has extracted its servers and then undergo a 5% cut. Although the device is not suitable for everyone, but for beginners, those who want to immerse their feet in the escalation of the cryptic world.
Information on Coinmine's new mining device
The encrypted extraction often required well-prepared premises, huge electricity, large investments, time and minimum technical knowledge. However, the new Coinmine device is built with efficient functionality. It seems simpler and has built with high-tech solutions that consume less heat and operate silently compared to other encryption devices. As a result, this function will keep the processors working and cooled.
In addition, the company aims to promote rapid and regular updates of Coinmine's operating system to stay up-to-date with the blockchain changes on its supported cryptocurrencies and to add new cryptocurrencies once they are put online.
Device features:
Specifications
CPU: Intel® Celeron® J Series Processor, Dual Core, 14 nm
GPUL: AMD Radeon RX570, 4 GB, WINDFORCE 2X cooling system, 7,000 MHz clock speed RAM 8 GB of DDR4 memory
1 TB Hardrive
Power: average energy consumption: 120 watts
Connectivity: Intel 802.11AC Dual Band Wireless (Ethernet port access)
hash
Ethereum (et) 29 Mh / s;
Ethereum Classic (etc.) 29 Mh / s;
Monero (xmr) 800h / s, resistant to ASIC;
Zcash (zec) 290 sol / su;
Grin (grin) Soon available, resistant to ASIC
In one version, Coinmine affirms it
"With automatic updates, MineOS also allows access to new cryptographic networks like Bitcoin Lightning, Grin, Dfinity and Filecoin, which ensures that users do not lose control of the next major cryptographic network,"
Coinmine was founded by Farb Nivi, an entrepreneur who supported the smartwatches called Pebble. The project has already raised $ 2 million from famous VCs such as Arrington Ventures, Coinbase and Coinbase CTO Balaji Srinivas.
He said;
"It's an interesting idea to connect a device to the wall to make money while you sleep.As a purely economic proposition, you should balance the cost of the power and the hardware device itself with the cost of the coin or token that you should extract. There are so many resources now that probably there is always arbitrage somewhere "
