# Entry-Level Cryptocurrrency Devices The Coinmine One Helps Streamline Entry Level Crypto Mining By Justin Lam | Published 2018-11-15 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/coinmine-one References: [fastcompany](https://www.fastcompany.com/90267739/coinmine-one-now-you-can-mine-ethereum-from-the-comfort-of-your-home?partner=feedburner&utm_source=feedburner&utm_medium=feed&utm_campaign=feedburner+fastcompany&utm_content=feedburner) & [coindesk](https://www.coindesk.com/the-799-coinmine-one-will-look-like-an-xbox-and-mint-crypto-money) Backed by Coinbase Ventures, the Coinmine One is a pre-built cryptocurrency mining device meant for users seeking an alternative to heavyweight computing hardware. Designed to look like a large external hard drive, the Coinmine One simply connects to an existing PC to more easily automate the crypto mining process. The device is controlled through a mobile app and the entire system uses less power than a standard video game console. The creation of the Coinmine One came from the increasing number of people interested in cryptocurrency and to address the lack of entry-level options for crypto mining. Currently, the Coinmine One is only capable of gathering Ethereum, Ethereum Classic, Monero, and Z-Cash. However, the device features an OS that allows users to add new cryptocurrency networks, essentially allowing the device to stay up-to-date with up-and-coming cryptocurrencies. Image Credit: Coinmine ## Trend Insights (Trend Hunter) - Score: 2.9/10 - Popularity: 23% | Activity: 55% | Freshness: 8% - Audience gender: 70% men, 30% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Gadgets](https://www.trendhunter.com/gadgets) ## Key Themes ### What's Driving This Trend - **Pre-built Crypto Mining Devices:** Opportunity for manufacturers to create user-friendly, plug-and-play cryptocurrency mining devices for individuals interested in entering the mining market. - **Mobile App-controlled Crypto Mining:** Potential for developers to create mobile apps that provide convenient control and monitoring of cryptocurrency mining devices, enhancing user experience and accessibility. - **Expansion of Supported Cryptocurrencies:** Potential for cryptocurrency mining device manufacturers to develop operating systems that allow easy integration of new or up-and-coming cryptocurrencies, ensuring device longevity and versatility. ### Who This Affects Most - **Cryptocurrency Mining Hardware Manufacturing:** Disruptive innovation opportunity for manufacturers to create entry-level cryptocurrency mining devices, targeting individuals seeking simplified and efficient mining solutions. - **Mobile App Development:** Opportunity for developers to design mobile applications that offer seamless control and monitoring capabilities for cryptocurrency mining devices, enhancing user convenience and engagement. - **Cryptocurrency Market:** Potential for the expansion of supported cryptocurrencies to drive innovation and growth within the cryptocurrency industry, providing individuals with more options for mining and investing. ## Related on Trend Hunter - [Crypto-Integrated Game Consoles](https://www.trendhunter.com/trends/bitboy-one.md) - [Portable Cryptocurrency Mining Heaters](https://www.trendhunter.com/trends/avalon-nano-3s.md) - [Cryptocurrency Mining Heaters](https://www.trendhunter.com/trends/bitcoin-mining-heater.md) - [Fanless Cryptocurrency Mining PCs](https://www.trendhunter.com/trends/jasminer-x4-brick.md) - [Bitcoin-Mining Space Heaters](https://www.trendhunter.com/trends/canaan-avalon-mini-3.md) - [Blockchain-Powered Smart Homes](https://www.trendhunter.com/trends/avalon-nano-3.md) - [Consolidated Cryptocurrency Platforms](https://www.trendhunter.com/trends/consolidated-cryptocurrency-platform.md) - [Cryptocurrency Savings Platforms](https://www.trendhunter.com/trends/coinwell-platform.md) - [AI Website Builders](https://www.trendhunter.com/trends/coine.md)