https://www.coindesk.com/meet-earn-com-21-rebrands-social-network-shift-away-bitcoin/21 Inc, once a maker of bitcoin mining hardware, is rebranding to emphasize its new focus on using cryptocurrency to power a social network.
Effective today, the startup has changed its name to Earn.com to drive home the message users can get paid for answering emails and completing tasks, according to a company blog post. The rechristened startup also confirmed it's on track to issue a token that would replace bitcoin as the currency it uses to incentivize people to join the network by the year's end.
Separately, the company notified customers last week that it had discontinued support for the Bitcoin Computer. The pocket-sized mining device, which initially retailed for $400, was once 21's flagship product.
Taken together, the moves underscore how far one of the best-funded startups in the blockchain space has moved from its roots.
I presume they are doing this because it's no longer easy for them to compete with the likes of Bitmain in mining hardware.
