If you have ever wanted to try your hand at mining cryptos but don’t have the technical know-how, your prayers have been answered. The Coinmine One is a rather beautiful crypto mining rig designed for complete novices. All you have to do is power it up, connect it to the internet with an ethernet cable and link it with your crypto wallet – it’s really that simple. It will handle the rest of the process for you, meaning you can now set up your own crypto mining farm in the same time it takes you to open a bottle of wine.
Mining Made Easy – and Beautiful
Setting up a crypto mining rig can be quite a challenge due to the technical knowledge that’s required. On top of this, crypto mining rigs aren’t known for being aesthetically pleasing. In fact, if you buy an Antminer you’re most likely going to end up with this rusty looking box sitting in your house – not really going to add to the ambiance of a dinner party.
The Coinmine One is a sleek and elegant box that resembles an Xbox One – something most people are happy to have in the office of next to the TV. Its simple plug and play features are wooing crypto mining enthusiasts all over the world, and for a good reason.
Unfortunately, the Coinmine One isn’t going to make you a mining baron like Jihan Wu. The Coinminer One will mine Ethereum (ETH) at 29 Mh/sec, Monero (XMR) at 900 h/sec, and Zcash (ZEC) at 320 h/sec. This means that you will probably just use a whole bunch of your electricity and see nothing in return – especially as the mining difficulty of these cryptos continues to rise. The reason for its lack in power is due to the fact it’s simple and easy to run. The more powerful a crypto mining rig is, the more technical input it requires to run – so you’re going to have to settle.
Easy Mining is Overrated
Giving the masses the ability to mine cryptos is an inherently bad idea. The more miners running on a crypto network, the tough it becomes to generate momentum. This then in turn means that machines like this become less useful and people end up with a hunk of metal and computer parts sitting in their attic collecting dust. By having a little bit of technical knowledge, users can create far superior crypto mining rigs and actually have a chance of making a profit.
Anyone who is considering buying a few of the Coinmine One’s need to weigh up the pros and cons. Make sure you can afford the initial outlay for the device and the increased power consumption. The device will set you back around $700 and it consumes as much power as a PlayStation 3, so think carefully. If you can’t afford the power costs, you could always plug it in at work and use their power.