The True Benefits of Coinmine
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I learned about coinmine a number of months ago and even put in a preorder for one of their systems (Which I ended up canceling later on)
Let me dive into why I canceled it. Coinmine offers a get service to those brand new to cryptocurrency and want to get started with a simple plug and play system.
However the hardware within the system is only worth about $300-$400 while the unit at the time was costing me $700 it just didn't seem worth it for myself.
However the true benefits on coinmine and why I do believe in it are that you can introduce a lot more people into the mining world with great customer service and an easy to set up few clicks system.
This is one of the core businesses which I believe are on the right track in terms of getting crypto into more hands and get them learning about it. They even recently did a discount for black Friday/cyber Monday and maybe for some Christmas gifts.
I think I will get one in the future once it has more features like a lightning node. Like you said it’s worth about $300 right now. I think that $300 coin mine + $300 casa node = now the coinmine is worth it (in my opinion just based on the math there)
This is true the only real development and that gives me hopes for bitcoin to really be used in everyday life would be lighting network. Its going to become a huge pain though tax time as every transaction has to be logged since crypto is declared as a property at the moment.
I’m pretty sure LN is somewhat private 😜 and if it is not private I know that you can have privacy on the liquid side chain so I feel like we will get something to work for everybody. Confidential transactions on the base layer or coinjoin on base layer would both work also
LN is suppose to become full privacy to an extent soon.
I would say if you Coinjoin your bitcoin than use LN you be good :P
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Hello dear friend @bitcoinflood.
The creators of coinmine definitely stuck to this thought.
This is the true strength of this system. I think it's great that anyone without deep technical knowledge can do crypto mining.
Thanks for sharing.
All best, Piotr.