Coinmine is a cryptocurrency miner that is designed for home usage, and from now on it provides this option for its users to be paid in Bitcoin.
When this device was first launched, it was able to mine the following cryptocurrencies, Monero, Zcash, Grin, and Ethereum. The mining difficulty of these coins was low so they could earn a profit for a miner even at home. Some believe that this is just an incentive by the company to sell its products.
The founder of the Coinmine miner said that in order to do this, we programmed the miner to mine whatever cryptocurrency that gives the most amount of Bitcoin when it is exchanged and then send the exchanged Bitcoin to the wallet of the miner. For example, the miner can set the Coinmine miner to mine Ethereum, and then the miner itself will exchange Ethereum to Bitcoin and then send that Bitcoin to the wallet of the user.
Coinmine will not make you a millionaire overnight. But it uses very little electricity and it costs much less than other more complex miners. So it is a very good first step for those who want to enter the world of cryptocurrencies and mining.
Based on the current price of Bitcoin, a Coinmine miner will earn you 15 to 20 dollars’ worth of Bitcoin each month. Of course that number can change based on the value of Bitcoin. If the value of Bitcoin increases, the amount of money earned via the Coinmine miner in a month will increase as well.
One of the advantages of Coinmine is its easy configuration. You do not need a computer, a monitor, a keyboard, or anything like that. You can just control the miner via your phone. Coinmine miner comes with an app that allows the user to control it easily.
Thursday, June 27, 2019 6:13:00 AM