Coinbase CTO Balaji Srinivasan has stated that the time might be right for home crypto mining devices such as the Coinmine home miner that began accepting pre-orders yesterday. Srinivasan says that with the decentralized pool of cryptocurrencies available, a single user does not need to compete with large mining pools to earn a decent income from mining.

Srinivasan noted that “there are so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto”.

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