Following on from my earlier topic post ‘CPU Mining for the Masses’ it was frustratingly apparent that, although there were a few good options for mining cryptocurrencies on your standard desktop computer, there weren’t many great - and by that we mean simple, beautiful - ways to get started.
True to our spirit, at Beach, when there’s an opportunity to simplify the user experience and put a great GUI on top of something more complicated, well, we’ll take on the challenge.
Introducing Coinstash - CPU Miner for MacOS
So, in a couple of weeks, we built Coinstash, a native menu bar app for MacOS, as an initial proof of concept of how running a miner should be. Zero config, simple settings, transparency and control.
Just install the app, create an account/login and run it.
The most important thing is that you are in control, when it runs, how it runs. No hidden processes. Nothing taking over your machine.
It has a beautiful real-time performance chart showing the CPU used on your machine, the hash power, the total hashes and total for the pool.
We’ve added a simple scheduler tool, enabling to to create time slots with mac CPU usage setting. Coinstash will automatically stop and start the miner with this setting. So, if you know you wont be using your machine much in the evening or through the night, you can set a schedule item for 19.00 - 07.00 with the CPU cranked right up. At 07:00, you can set another schedule to throttle the CPU back to 20%.
This way, you ensure continuous hash power in a way that suits your working schedule and the way you want your machine to be used.
Finally, you can of course choose a beautifully serene light theme, or the focussed and powerful dark theme - because style is important.
How it works
- Register a Coinstash account. This will identify your hash contributions via our Coinstash API.
- Start the miner and create hashes. Your hash contributions are sent to our central pool and identified to your account.
- View your funds - coming soon
- Build your Cryptocurrency portfolio - coming soon
- Withdraw funds - coming soon
Your secure personal Coinstash account ensures you have full control and visibility over your hashes, account balances, withdrawals and any other related options.
Mining - This Version
View Your Funds - Coming Soon
The Coinstash app is the easiest way to keep tabs on your account balance. By default, we show the current equivalent value in your local fiat currency - $USD, £GBP etc. With this version, we are mining Monero (XMR), and this is the default value of your generated hashes. We may offer the ability to switch which currency you mine or change the miner to target another currency in future, depending on which is most suitable.
Build your Cryptocurrency Portfolio - Coming Soon
Just because we are mining Monero, doesn’t mean you should keep just Monero. Our plans for Coinstash is to enable you to easily build a diverse crypto-portfolio, with access to both existing cryptocurrencies such as Aeon (AEON) or Stella Lumens (XLM) which can be mined directly via Coinstash or many other alt-coins which we may acquire for you to maximise your returns and diversify your portfolio, depending on your appetite for risk.
We’re also considering how Coinstash could be used to participate in new coin offerings, or ICOs.
Withdraw Funds - Coming Soon
I’d like it to be very simple for you to withdraw your funds, so I’m thinking that we should enable this through our API. Wait, that’s not very simple, but it’s a start.
Even better, what about a dedicated pre-paid credit card which connects to your coinbase account. The Coinstash card. Sound good?