Coinbase CTO: Time May Be Right for Home Crypto Mining

Timing is everything, even in crypto.

That’s why a notable pioneer in consumer bitcoin mining is backing a startup seeking to take another stab at popularizing at-home crypto mining, a business with a long history of abrupt ends for early entrants that includes some of the industry’s best known busts (Butterfly Labs, Alpha Technology and GAW Miners among them).

Still, Coinbase CTO Balaji Srinivasan is betting a new startup called Coinmine, which announced pre-orders for its first home miner on Wednesday, might be able to reverse this trend.

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