instamine verb 2noun 1forms 3 verb2 •To mine a cryptocurrency in this manner.Instamined and fastmined coins can encourage the few initial miners with a large amount of coins to dump their coins when the price rises. — 2014 •To mine a material instantly. noun1 •An event where a cryptocurrency is released but most of the currency is quickly mined by a only few miners. formsinstamined · instamining · instamines