Coinmine will release a miner for beginners

The Coinmine company enters the mining equipment market with the unexpected concept of “bringing mining to the masses!” Operating as a platform since August 2013, Coinmine’s service for joint mining of altcoins with a large selection of coins for every taste and for any equipment has become quite popular.

Now the startup is introducing its first product - Coinmine One - a hardware device for people who would like to make money from mining without having to go into the technical details of the process.

With the support of eminent investors, the first batch of Coinmine One is planned to be delivered in mid-December. The base model will cost $799. 

The new Coinmine One miner will democratize access to mining in a fun and accessible way that is almost like a video game, as its founder Jeff Morris Jr. describes his new product.

For $799, any beginner who wants to get acquainted with the world of cryptocurrencies can easily mine Ether (ETH) on Coinmine One at a speed of 29 Mh/sec, Monero (XMR) - 900 h/sec, Zcash (ZEC) - 320 h/sec or Ethereum Classic, your choice. With a new update planned for release next year, it will be possible to use Coinmine One as a Bitcoin Lightning, Dfinity or Filecoin node. 

According to the stated characteristics, the device uses approximately the same power (120 W) as the PlayStation 3 during gameplay, and is “noisy” at a level of only 40 decibels (quiet, compared to the cacophony created by other mining equipment). With such a declared profile, the product becomes as user-friendly as possible. In addition, the system will be automatically updated as changes are made to the protocol and the number of mined coins increases. Users will be able to track and manage their earnings using the Android or iOS application.