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The CTO of Coinbase, Balaji Srinivasan is in a headline on our DC Forecasts crypto news site – mainly because of his recent statement geared towards crypto mining and popularizing at-home crypto mining.

In fact Srinivasan decided to back a startup that aims to popularize this form of crypto mining and a business which is called Coinmine. Its service announced pre-orders for the first home miner on Wednesday.

As Srinivasan said in the announcement:

“The big difference with decentralized mining in 2018 is that there are now 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 – via a decentralized home mining device like Coinmine.”

This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures.

Following the Coinmine announcement, Srinivasan wrote:

“The big difference with decentralized mining in 2018 is that there are now 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 – via a decentralized home mining device like Coinmine.”

As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine’s ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.

“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure.” Srinivasan concluded.