Make Crypto from Anywhere.
So by now I am sure about 90% of you out there have heard about Cryptocurrency, such as Bitcoin or Ethereum. Those ‘virtual’ currencies that took the world by storm and are breaking boundaries.
Well Coinmine is making it accessible to MINE those currencies, simply and effortlessly.
But just how well does it work and how easy is it?
First off I have to talk about the actual form factor and basic stats of the Coinmine One, as I’m sure it will be of interest to some.
It is rather petite but a unit not much bigger than say a Playstation 4 or Xbox One, smooth and grilled white case with black caps at the ends. It looks rather futuristic and is not an eye sore.
Would very easily fit into most decor and look good doing so.
The Coinmine One has an RGB light strip towards the front that changes depending on what Crypto you are currently mining and the status of it.
As for the internals, the unit is extremely quiet when you consider what it is doing, no louder than a standard computer or any one of your consoles. That’s just the fans keeping it cool so it’s not intrusive at all and blends into the ambient room noise of most places.
Mine is say right next to my PC and I sometimes struggle to even hear that it’s on!
It uses on average around 160 watts but that depends on what currency you are mining, but even so, when you consider an Xbox One X can use up to 180 watts, it fits right in.
Now for the software side of things, this to me is where Coinmine has hit an absolute home run.
Typically with Cryptomining, even when you’ve got your hardware down, you have to go through the rigmarole of getting it set up through your desktop computer to actually get it mining.
That’s a lengthy and complicated process for most novice users and has a LOAD of headaches itching to happen at any second.
Whereas with the Coinmine One it could not be simpler, seriously.
All you do is unbox it, plug it in, press the power button, download the app and scan the device ID on a pamphlet that comes with it. Quickly connect a wallet with the QR scanner and you can then tap on the currency you want to mine.
Give it a few moments, you’ll see the LED strip in the unit light up and you’ll be mining.
With the unit you can mine Ethereum, Monero, Zcash, Grin, Bitcoin and recently Handshake.
It also has over the air updates and app updates regularly, meaning the sky is the limit for adoption and improvements.
Not to mention Lightning network capability that is built-in, meaning you can send and receive payments swiftly and even earn ‘routing’ fees.
It’s so slick and pleasurable to do, it’s what really assembles Coinmine to the forefront of bringing this to the masses.
You can even add multiple new miners to your app, so you could have an individual one mining each currency and have a Crypto empire!
Now exactly how much can you earn with a Coinmine One?
Well that’s a tough one to answer, simply because ofcourse the price on each currency fluctuates so much. However if we take the recent averages, it would take around 5 years to pay for itself.
Now you may think about that’s a long time, but there are a few things to consider.
First off the price of Cryptocurrencies fluctuate IMMENSELY, only 9 years ago, 1 Bitcoin was worth $1. Now it sits at around $8000, but did hit a high of almost $20,000 3 years ago.
With Cryptocurrencies getting more scarce due to mining rates halving, that should mean pricing indicates upward trends for the future.
So you can see how investing could lead to a much faster payback if the prices fluctuate as much again.
Coinmine One is banking on mass adoption of Cryptocurrencies and is opening up mining to the general public without the hassle of normal setups.
So while it may not be the most powerful setup for the cost, it is one of the easiest and low maintenance options available.
Plus you earn 6.5% APR for leaving your funds in the Coinmine wallet which is a nice bonus.
At the end of the day, every mining product is an investment and for the general public, I think the Coinmine ONE is a good shout.
I will be leaving mine running for the foreseeable future!
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