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Mining News

Coinmine releases plug-and-play device for mining Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), and Zcash (ZEC)

Coinmine company is building a plug-and-play mining device, Coinmine One, enabling anyone to mine a host of cryptocurrencies from the comfort of their homes and or offices, The Block reported.

The device “provides a new level of accessibility into an otherwise confusing activity, and makes crypto easy for everyone,” according to CoinMine.

Coinmine has built a compatible mobile app enabling users to monitor their mining activity, manage their wallets, and change what networks that want their devices to mine on.

At launch, Coinmine One users will have the ability to mine four different crypto networks: Ethereum, Monero, ZCash, and Ethereum Classic (although the device can only mine one network at a given time). The company plans on adding support to power networks and protocols such as Grin, DFINITY, Filecoin, Ravencoin, and even Bitcoin’s Lightning.

The ability to add new mining capabilities over-the-air is made possible by Coinmine’s proprietary operating system, MineOS. MineOS enables Coinmine One to run different mining algorithms on one device and receive updates directly from Coinmine. That is to say, if a new crypto network comes online, owners of Coinmine One need not throw away their old devices and buy a new one that supports this network, they only have to wait until Coinmine updates their software. The ability to mine a new crypto network when it is released gives retail users access to new cryptocurrencies before they are even traded on exchanges.

Coinmine One will retail for $799. It’s available for pre-order and will come in two SKUs: white and clear. Coinmine will also take a 5% commission on coins mined through its devices.

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