Does Coinbase have a mining pool?

If you’re using Coinbase Wallet extension, tap the “Convert” button. Search for Intelligent Mining and input the amount of ETH you’d like to exchange for Intelligent Mining . Remember to leave enough for transaction fees. Confirm your purchase and follow the instructions on the screen to finalize.

Mining reward (coinbase) refers to the transaction whereby miners receive Bitcoin as a reward for generating a new block through mining . Bitcoin is only issued through mining and, when it is newly issued, it is given to the successful miners as a reward. The reward for mining a block began at 50 BTC.

Titan CEO Ryan Condron called Coinbase’s investment a “powerful endorsement” of his new mining pool . The terms of the Coinbase investment were not disclosed. Titan is not Coinbase Ventures’ first mining investment. In late 2018, the company also backed in-home mining hardware startup Coinmine.