11–20 of 52 posts
A million CPUs would not be as efficient mining Bitcoin as a single ASIC. There are no coins where CPU mining is as good as GPU. JavaScript is also inefficient compared to native programs. Overall, it probably didn't generate very much money. Mining is a commodity. An ad click is worth orders of magnitude more.
The performance disparity between browser-based javascript and specialized mining hardware is so large, that you will be hard-pressed to generate enough revenue to support a website.
I remember reading a research paper estimating that coinhive made over $250,000 every month. What do you think about this?
The performance disparity between browser-based javascript and specialized mining hardware is so large, that you will be hard-pressed to generate enough revenue to support a website.
I remember reading a research paper estimating that coinhive made over $250,000 every month. What do you think about this?
A million CPUs would not be as efficient mining Bitcoin as a single ASIC. There are no coins where CPU mining is as good as GPU. JavaScript is also inefficient compared to native programs. Overall, it probably didn't generate very much money. Mining is a commodity. An ad click is worth orders of magnitude more.
They were mining Monero, not Bitcoin.
Earlier quoted context omitted.
They were mining Monero, not Bitcoin.
CPU mining XMR is similarly not efficient compared to GPU
But without them yes they are profitable especially if you're not paying for electricity as in this case.
Earlier quoted context omitted.
CPU mining XMR is similarly not efficient compared to GPU
As Monero currently has ASICs running on the network no they're not. But without them yes they are profitable especially if you're not paying for electricity as in this case.
The performance disparity between browser-based javascript and specialized mining hardware is so large, that you will be hard-pressed to generate enough revenue to support a website.
I remember reading a research paper estimating that coinhive made over $250,000 every month. What do you think about this?
That $250,000 every month amount was made at the cost of way more than $250,000 worth of electricity.
Earlier quoted context omitted.
I remember reading a research paper estimating that coinhive made over $250,000 every month. What do you think about this?
Hope this helps illustrate the point: That $250,000 every month amount was made at the cost of way more than $250,000 worth of electricity.
Earlier quoted context omitted.
As Monero currently has ASICs running on the network no they're not. But without them yes they are profitable especially if you're not paying for electricity as in this case.
I thought Monero was designed to be resistant to ASICs? Please correct me if I'm wrong, I don't have that much knowledge about crypto₹.
However efficient ASICs were able to be constructed for the current (and previous) algorithms.
Monero will make a hardfork, right now actually, to brick the existing ASICs. The new algorithm isn't sufficiently different to prevent them however and we will probably see efficient ASICs in under 6 months.
The long term hope instead lies on a new algorithm[0] which tries to change the POW algorithm all the time. Will it hold up or will someone manage to create efficient ASICs? Your guess is as good as mine.