Coinmine - An in-home crypto mining machine

I can't deny it looks very aesthetically pleasing, and I appreciate such early support for Grin. However, with a $800 price tag and assuming current prices and an average US electricity cost, it seems to mine about $20 of Ethereum a year. And on top of that, you take a 5% cut? Am I missing something, or is this more of a luxury gadget/ way for people to set up a full node easily?

We're super excited to share Coinmine with the world. We've been working hard all year long to make crypto easy for anyone. Crypto hardware and software are way too much work. But not any more. Whatever anyone tells you, don't give up on making the things you love and bringing them to the world. The Product Hunt community gets that more than anyone. Please reach out with any questions or feedback or suggestions. We can't wait to make Coinmine better with you. Coinmine lets you instantly set up any mining operation at home, it gives you immediate access to new promising networks – the Bitcoins and Ethereums of today. Take the Coinmine out of the box, connect it to the internet and power, and it instantly starts mining a cryptocurrency of your choice. We currently support ether, monero, and zcash, with more on their way.

Pumped to see this come out of stealth. The thing that excites me most about it is its potential "if it works" (a fun frame to explore when reviewing early startups. It has the potential to not only power a Web 3 future but also becomes a massive distribution channel for new crypto networks and tech. Disclaimer: I invested in Coinmine.

I pre-ordered the product but have not actually tested it yet. The Founder is a friend and I highly respect his integrity and work.

Pros:

1. EASY, no need to set up hardware/software to start mining cryptocurrencies

2. Just plug it in and earn money while you sleep

Cons:

Will take you a little while to earn your money back (it's an investment)

Awesome to see CoinMine launch! @farbood is an amazing entrepreneur and someone who has helped me more times than I can count. Even though I am interested in crypto, I would never set up all this mining hardware/software on my own. CoinMine makes it so easy, there's no reason not to buy one.

If you use the nicehash profitability calculator, the RX 570 would make approx $11 not accounting for power. Yikes. It would take 5 years for roi. I would rather they capitalize on the hardware running validator nodes for staking systems. That is where i see the real value with something you can set and forget. But that being said you can probably just setup a small system that does not require the heavy duty gpu.

Awesome to see this @farbood!

Are these stackable? Can you buy 10 of these and put them adjacent to each other without too much worry about cooling, etc.? How do they compare to other mining rigs you can buy now?

Just in time for Christmas 😄

Woah! this will really help make crypto mainstream.