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BlockFi + Coinmine Partnership Announcement

Published, 2 October, 2019

We’re thrilled to announce a partnership with Coinmine. Coinmine provides consumer mining units that are easy to operate and can be used anywhere. This partnership provides BlockFi clients more opportunities to earn crypto through mining, while simultaneously enabling Coinmine clients to do more with the crypto they’re currently mining.

BlockFi + Coinmine Partnership Perks:

BlockFi clients will receive 10% off the retail value of a Coinmine One ($699).
Coinmine clients will receive a 10% boost on interest payouts and a 10 BPS discount on loans.

Coinmine is the first ever personal at home crypto device. You just plug it in, connect it to WiFi, and tap the currency you want to mine in the Coinmine app. Some of the key features are:

Use WiFi to mine Bitcoin, Ethereum, Grin, Monero, and Zcash anywhere.
Use Coinmine on your mobile device with the Coinmine App. It allows you to instantly switch what you are mining, review earning estimates, and send/receive from the in app wallets.
Use the Lightning Network within the Coinmine App as well as existing Lightening apps.

If you’re interested in further exploring Coinmine products at a reduced rate, please visit our contact us page.

For Coinmine clients looking to create a BlockFi Interest Account (BIA) or get a crypto backed loan, we look forward to helping you do more with your crypto. In order to access these earnings you must meet the following requirements:

Your account was opened on or after October 2nd, 2019.
You were an existing Coinmine client at the time you opened your BlockFi account.
You used the Coinmine referral link or input the Coinmine referral code in the “how did you hear about us?” section of your application.

If you don’t qualify for the Coinmine boost, don’t worry! We will be coming out with additional incentive programs in the future, which will enable customers to receive additional interest earnings.

As a reminder, you are currently eligible to earn additional crypto on your BlockFi Interest Account by referring your friends. Learn more and get started here.

As always, if you have any further questions email us at support@blockfi.com or give us a call at 646-779-9688. – The BlockFi Team

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Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Crypto assets are deposited into an account with Gemini or BitGo, our primary custodians and licensed depository trusts. For more information, please see BlockFi’s Terms of Service__.

Last updated on August 5th, 2022

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

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Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.