The $799 Coinmine One Will Look Like an Xbox and Mint Crypto Money

Try as startups might, crypto mining hasn’t yet had an everyman device.

Smart money, however, is betting that will change at the hands of a new company called Coinmine. Announced Wednesday, the startup is revealing its first product, the Coinmine One, a hardware device aimed at crypto enthusiasts who’d like to earn rewards for mining blockchains – without the need to learn a new technical skill set.

Backed by investors including Coinbase Ventures and Arrington Capital, angel investors Balaji Srinivasan (now CTO of Coinbase and a former mining entrepreneur), Morgan Creek partner Anthony Pompliano and Product Hunt co-founder Ryan Hoover also participated in the undisclosed funding.

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