Like. Comment. Subscribe. This is NOT a sponsored review, but Coinmine did give me their product for free. Let me know your experience with your Coinmine …
source
Is Buying A Coinmine One Worth It? THE TRUTH [Bitcoin, Ethereum, Monero, Zcash, Grin]
Tweet on Twitter
Share on Facebook
Pinterest
Timestamps: ?
0:35 What First Put Coinmine on my Radar
1:07 Initial Green Flags
1:48 What's Different About The Coinmine One? + Unboxing
2:39 Tech Specs
3:04 How Profitable Is a Coinmine One?
5:47 What's the Catch?
6:22 Coinmine $2.5 Million Seed Round
7:03 Final Thoughts – Is It Worth It?
8:47 My Coinmine
So I dont get it you pay 700 and get infinite money?
Hey who did you reach out to, to try out the Coinmine? I'd love to give it a shot.
With those numbers you spend $700 in that equipment to mine grin and make around 60 coins, even at ath of $10 per coin you still are underwater…
I’d be more interested if they came out with a 4 gpu rig at a competitive price
Biased
Pompliano is one of the dumbest people of all time
Ok, so lets say after 2 years btw finally hits 100K. after 2 years of mining btc at 4000 satoshi's a day, that's 2,920,000 satoshi's which is about worth about 2,920 dollars when BTC hits 100K. So in 2 years, you have paid 700 dollars for a machine that could earn at most 2,920 dollars after 2 years if the price of BTC is 100k after 2 years. This calculation does not take into account the halving mid 2020. The mining would become approx 2000 satoshi per day for about 18 months of the 2 years accruing btc. This machine can pay for itself in less than 2 years IF and only if btc nears 100K in 2 years time from Thanksgiving 2019.
Mining BTC with this device is a joke! 4k per day lol. Enjoy your miner lol
Translation: You do what's best for you ? means: I know it dont make any sense to buy this , but i got a free toy to promote this machine. It will never pay off it aint worth it. I wont verbally say it. But look for it in the screen shot. You can be a Politician Brother
How long will it take ruffly to pay it self I mean $700 , then I'll worry about any other profit
it's easy to like something when it's given free but the math doesn't support that coinmine one is profitable unless BTC price skyrockets. BTW, glad to see you use the brave browser
Having Money isn’t enough these days, one could argue that having your money work for you and enjoying its dividends its the infinite achievement, why not try nations-crypto.cpom the best trading platform out there would be so glad you came across this post.
This is kind of silly to me California electricity costs are already really high by the time you deduct everything the fees your electricity cost of the equipment you could just hit up some free Bitcoin faucets online and make the same few pennies a day you can also mine coins straight through your laptop even your phone now so I don't think buying this type of thing is even worth it
I have a coinmine running for two weeks now and its showing 0.22 cent? Is that for real?
I have one. Sucks. I should have just keep on buying coins
Can you do a video on incognito node
SO HEY HOT SHOT " YOU ARE RIGHT "YOU ARE NOT A MINER",,, TAKE 4000 SATOSHIS you say per day AND MULTIPLY TIMES 365 )1 year AND YOU GET 1,460,000 SATOSHIS AND SO MULTIPLY BY TODAYS BTC RATE OF 8300 USD = $121.18 SO IF YOU INCLUDE POWER AT THE RATE OF 10 CENT PER KILA WATT HOUR kW/h it might not even pay for your investment ,,,my opinion buy BTC with 70 usd and buy btc before it will HALF in may 14 2020 if TODAY YOU BUY .00843373 OF BTC THEN IF IT BECOMES WORTH MORE DUE TO HALVING THEN IT COULD BE WORTH .00843373 X 80,000 = 674 USD IN 4 MONTHS VERSUS 120 USD OH SHIT SOMEONE JUST TOLD ME YOU HAVE TO PAY 5% TO MINE WITH THIS TRASH,,, OH WELL GO FIGURE IT OUT YOURSELF IT DOES NOT TAKE A LOT OF BRAIN POWER ,,OK I'VE WAISTED ENOUGH TIME HERE TIME IS MONEY YOU KNOW BUY BTC NOTHING ELSE AND BUY ALL YOU CAN BUY BEFORE MAY 14
Everyone here's asking the BTC value but what about the other coins?
40 cents a day!!? – $144 a year, about 5 years to pay for itself plus the electric…….WHY?
After few months how's it now?
Keep anonymity online. Use utopia.
I mine Pi Coin on my smartphone (Pi Network app available for Android and iOS) because they seem legit and claim to be the first coin that may only be mined exclusively with a phone. You do not need powerful hardware to mine, only time connected to the internet, so anyone with a phone may mine. They are currently releasing coins while in the beta phase of 1 year. One can accumulate coins fast right now (I've mined close to 40 in 24 hours), but you need an invite code to join the program, you may use mine: cpalaniuk
Still have 5hrs to go for a full 24hrs and almost at 5k sats, it adds up, specially when u take into consideration how many No-Coiners there are LOL nothing wrong with skin in the game , 10-20 years from now who knows what bitcoin price will be
Is it still running?? How many Sats by now??
I just received mine today…..
I think it looks great and it's a cool idea but why would you mine BTC yes it is the coin that is worth the most but it's also the coin that is the most difficult to mine . Personally I would suggest you mine Ethereum which is the second highest price coin but the difficulty is so much lower , you can still mine Ethereum using a CPU the same as XMR or Zcash, mining the Altcoins will mean the unit actually uses less electricity also which in turn increases your profit. Even though you didn't pay for the unit I think you are costing yourself money.
So you are overpaying for the hardware, and then they take a cut of your cryptomining. That is ridiculous, you are basically mining for them. Insane unprofitable proposition.
You'd better spend those 700 in some bitcoin.
How long would it take to mine 1 bitcoin that you would get to keep?
I wouldn’t usually spam this type of thing but I want to support the project and I hope you will to. You can Mine this coin with your mobile. It’s still early stages so it doesn’t cost anything. Created by Stanford PhDs, google it. It is call Pi, if you found this helpful please consider joining using my link 😉 http://minepi.com/jiminy465 you will need a referral to join.
A potato mines more sats and ether than this junk
For 4000 sats per day. You would need to mine it everyday for 68 years for you to accumlate one bitcoin lol
Some of you missing the point. It let you mine monero, therefore if you was to mine 200 monero coins and then convert it to bitcoin you will have your 1 bitcoin, its no different then buying an asic miner you not going to get rich quick off those miners quickly.
So how much have you made with this coinmine??
Did you get any news about what is happening at coinmine?
this machine like shit!!!
It will take 68 years to mine 1 Bitcoin
Finally. Someone thats not soeaking hindu lol
If this has the entire block chain then it would make more sense to use it as a node not a miner.
If thisnis asic of fpga it cannot mine monero.
Rollercoin supposedly uses grin.
Do you still use this?
Could u do an update on this or have u still been using it
Any updates on this?