Coinbase-Backed Startup Releases Home Cryptocurrency Miner18.44

A startup backed by Coinbase and Arrington Ventures has launched a cryptocurrency miner for domestic use. The new device, however, won’t be powerful enough to mine Bitcoin (BTC).

Coinmine — a startup ran by computer scientist Farb Nivi and industrial designer Justin Lambert — has taken the challenge to bring cryptocurrency mining to the masses. They’re set to release a new mining device called Coinmine One, which is supposedly easy to use and shouldn’t use up more electricity than a vacuum cleaner.

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