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The $799 Coinmine One Will Look Like an Xbox and Mint Crypto Money

Published 11/14/2018, 09:00 AM
Updated 11/14/2018, 09:15 AM
© Reuters.

Try as startups might, crypto mining hasn't yet had an everyman device.

Smart money, however, is betting that will change at the hands of a new company called Coinmine. Announced Wednesday, the startup is revealing its first product, the Coinmine One, a hardware device aimed at crypto enthusiasts who'd like to earn rewards for mining blockchains – without the need to learn a new technical skill set.

Backed by investors including Coinbase Ventures and Arrington Capital, angel investors Balaji Srinivasan (now CTO of Coinbase and a former mining entrepreneur), Morgan Creek partner Anthony Pompliano and Product Hunt co-founder Ryan Hoover also participated in the undisclosed funding.

Continue Reading on CoinDesk

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