Los Angeles Times

For $799 and a jump in the electric bill, anyone can mine cryptocurrency

When there's a gold rush, sell picks and shovels.

When there's a cryptocurrency rush, the same wisdom may well hold.

That's the thinking behind a Los Angeles startup that's trying to make mining for cryptocurrency as easy as plugging in a PlayStation.

Coinmine's first device, which went on sale this week for $799, is a consumer-friendly gateway to cryptocurrency mining that enables anyone with electricity, an internet connection and a smartphone to start amassing digital wealth.

"It's not just about being easy to set up," said Farbood Nivi, who co-founded Coinmine with industrial designer Justin Lambert. "It's about what's

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