The Bitcoin Game #64: Farbood Nivi of Coinmine

The other day, an interesting post crossed my path on "Crypto Twitter." This guy was super excited about receiving his Coinmine, a device I was not familiar with. It appeared to be a plug-and-play multi-purpose GPU miner and Bitcoin/Lightning Network full node. And it looked pretty. I was intrigued. I started investigating the product, and quickly discovered that Coinminer's headquarters is right here in Los Angeles. And that's how my interview with Farbood Nivi, CEO and co-founder of Coinmine, was conceived.

I hadn't really considered multi-purpose devices such as a Coinmine, which currently can mine Ethereum, Monero, Zcash and Grin. It's not hard to imagine that future incarnations of this product could bring full Bitcoin/Lightning nodes and speculative Cryptocurrency mining to many new mainstream people who are willing to pay a premium for this level of simplicity. Could cloud-controlled plug-and-play devices theoretically give a centralized party too much control over a lot of miners? Please comment below if you have thoughts!

After arranging this interview, Coinmine offered me a $50 discount for listeners, which can be claimed using the discount code BitcoinGame at checkout, or going to this URL: https://coinmine.com/bitcoingame. The Bitcoin Game will receive a referral fee for purchases using this code, however, that did not influence the content of this episode. Before purchasing, please consider electricity usage in addition to the cost of the miner itself, and note that Bitcoin and Lightning Network features are not active yet.

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EPISODE LINKS

Coinmine
https://coinmine.com

Farbood on Twitter
https://twitter.com/farbood

Coinmine co-founder Justin Lambert
http://www.justlambert.com

Radeon RX580
https://www.amd.com/en/products/graphics/radeon-rx-580

Casa Node
https://keys.casa/lightning-bitcoin-node

Grin
https://grin-tech.org

Handshake
https://handshake.org

Monero
https://www.getmonero.org

Farb's mining article on Hacker Noon
https://hackernoon.com/how-at-home-crypto-mining-outperforms-buying-crypto-8f30d87d2348

Compound Finance
https://compound.finance

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STAY IN TOUCH

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SPONSOR

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Bitcoin2019Conference.com

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CREDITS

All music in this episode of The Bitcoin Game was created by Rob Mitchell.

The Bitcoin Game box art was created from an illustration by .css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}