A sleek new device that looks like an Xbox lets you mine crypto at home
Coinmine, a startup backed by Coinbase Ventures and other investors, rolled out a new crypto mining device that allows users to mint cryptocurrencies at home.
The device now allows users to mine Ethereum, Ethereum Classic, Monero, and Zcash, though not yet Bitcoin.
The launch comes at a time when mining cryptocurrencies at home is difficult to do at scale, in the wake of falling crypto prices and rising energy costs.
For $799, you can mine cryptocurrency at home.
Launched this week, a new gadget called Coinmine One gets rid of the traditionally cumbersome mining process.
Instead of manually assembling multiple computer graphic processors, downloading the software, and setting up a crypto wallet, all you need to do is power up the device, connect it to WIFI, and tap your phone to choose which coin you want to mine.
For the initial launch, Coinmine One allows users to mine Ethereum, Ethereum Classic, Monero, and Zcash - but not yet Bitcoin. With further updates, it will support Grin, Dfinity, Filecoin and...
The last Posts from Business Insider
- Topshop is planning a huge retreat from the US, closing all 11 of its stores
- A close-up photo of Trump's notes for his angry press conference revealed an embarrassing spelling error
- China just tested its 'nuclear option' in the trade war
- Women are more productive in warmer offices because it makes their brains perform better
- Trump 'oblivious' to political chaos in the UK ahead of state visit because all he cares about is hanging out with the royals, report says
- 10 things you need to know before the opening bell
- A SpaceX contractor risked disaster by forging safety inspectors' signatures for Falcon 9 and Falcon Heavy rocket parts, US prosecutors say
- Huawei says its homemade operating system could be ready to replace Android by early 2020
- 9 mind-blowing facts about Venezuela's economy
- A father wants to tell his daughter's soon-to-be fiancé that she's a diagnosed sociopath because 'he deserves all the facts'
- A $17 billion investor explains her uncommon tactics for finding the market's biggest cash cows - a strategy that historically guarded against crashes
- Global markets are sliding as Huawei suppliers cut ties, raising the prospect of a prolonged trade war with China
- Amazon is offering people $25 gift cards in exchange for taking 3D scans of their bodies
- A 10 ft. Japanese pro wrestling panda headbutted officers when it became an honorary police chief at a local station
- Trump will award a custom 'Trump Cup' to the winner of Japan's sumo wrestling championships, but will break Japanese custom by refusing to sit on the floor
- GitHub, Microsoft's wildly popular developer service, launches a new service to help programmers get paid for their open source code
- At least 3 people are dead after 'violent' tornado hits near Missouri capital
- The billionaire founder of Chinese tech giant JD.com is locked in a bitter lawsuit over a rape allegation by a college student: Here's everything we know about the case
- 'If the perpetrator wants to fight, we will beat him out of his wits': Song about ongoing trade war with the US goes viral in China
- A millennial entrepreneur who built a marketing empire now wants to change the way you discover and buy original art
Man accused of burying his 97-year-old mother, taking her Social Security...
Months after she was last seen in December, authorities were called April 5 to the home. Read more ...
Micro cameras found in women's bathroom, Veterans Affairs employee accused...
Women reported finding micro cameras in stalls underneath toilets in a bathroom. Read more ...
Authorities: 5-month-old girl in Florida dies after being left in hot day...
The girl's mother reportedly found her daughter in the van after she called the facility and they said they didn't know she was there. Read more ...
Celebrity chef Mario Batali, accused of assault and battery, facing arraignment
The accuser, who filed a lawsuit against the celebrity chef last year, accused him of forcibly kissing her and groping her inside the restaurant. Read more ...
Fugitive says he'll surrender if enough people ‘like' his wanted poster on...
“I wanted to give them a little incentive for all the hard work they put in to catch me,” the 29-year-old said. Read more ...
Violent Tornadoes Cause Catastrophic Damage In Missouri, Killing At Least 3
Thousands were without power and multiple people were hurt as a series of storms spawned multiple tornadoes in Missouri late Wednesday and into Thursday. Read more ...
Harriet Tubman On The $20 Bill? Not During The Trump Administration
Treasury Secretary Steven Mnuchin ruled out any changes to the U.S. currency imagery before 2028. Read more ...
Michael Avenatti charged with stealing money from Stormy Daniels
Michael Avenatti, the attorney who rocketed to fame through his representation of porn star Stormy Daniels in her battles with President Donald Trump, is charged with ripping... Read more ...
Indian Prime Minister Modi's party claims re-election victory
NEW DELHI - Indian Prime Minister Narendra Modi's party claims it has won re-election with commanding lead in vote count. Read more ...
No ceasefire in Libya for now, Haftar tells Macron
