Like others have mentioned, the economics are not good, mining is too competitive to be done on commodity hardware. Consider that over half of browsing now happens on mobile, and it becomes clear that very few people can participate.
Could cryptocurrency mining kill online advertising?
11–20 of 69 posts
Re: Could cryptocurrency mining kill online advertising?
#12Someone did the math on this, right? I thought the amount of revenue generated was a complete pittance. More likely, this is just something sites start doing on top of advertising.
They did the last few times it was attempted.
https://hn.algolia.com/?query=javascript%20miner&sort=byPopu...
There's this great blurb:
We're a bit saddened to see that some of our customers integrate Coinhive into their pages without disclosing to their users what's going on, let alone asking for their permission. We believe there's so much more potential for our solution, but we have to be respectful to our end users.
https://coinhive.com/blog/status-report
It'd be awesome if someone did a comprehensive breakdown. If you scale this up to remove ads from 10% of the net or 30%, does it stay valuable with that mining power added to a single coin? Or does this business model require the continued pump and dump of worthless coins? What kind of energy and workload is this putting on user machines (in many cases without permission)?
If I run across a site that is mining without notice and permission, I'll never visit again, as best as I can. I don't want to support that. Hosting websites is relatively cheap, if companies weren't writing such bloated software, their costs would be much lower. Fix that first without adding more junk to the tech community, please.
Re: Could cryptocurrency mining kill online advertising?
#13> Hey, we spent a good fortune to make this site run on all devices, responsive and usable. Lets slow it down to mine *coin, we'll be able to make dozens, DOZENS !!
Re: Could cryptocurrency mining kill online advertising?
#14Like others have mentioned, the economics are not good, mining is too competitive to be done on commodity hardware. Consider that over half of browsing now happens on mobile, and it becomes clear that very few people can participate.
Who cares if it's not economical on commodity hardware, be it a smartphone or not. If I have a website that is visited by enough people to mine me a (part of a) bitcoin, while at the same time the cost of hosting the site is less than what is earned, what does it matter if the mining power is not efficient? If I care more about money than about environment, it's a good business model. But you probably need a lot of visitors for that, and I have no idea if it works out.
Re: Could cryptocurrency mining kill online advertising?
#15Like others have mentioned, the economics are not good, mining is too competitive to be done on commodity hardware. Consider that over half of browsing now happens on mobile, and it becomes clear that very few people can participate.
Who cares if it's not economical on commodity hardware, be it a smartphone or not. If I have a website that is visited by enough people to mine me a (part of a) bitcoin, while at the same time the cost of hosting the site is less than what is earned, what does it matter if the mining power is not efficient? If I care more about money than about environment, it's a good business model. But you probably need a lot of v…
mine me a (part of a) bitcoin,
To be clear, literally mining Bitcoin without specialized equipment is so wildly unprofitable to be an idiotic business model and that's obvious after five minutes of Googling.
Re: Could cryptocurrency mining kill online advertising?
#16Earlier quoted context omitted.
Who cares if it's not economical on commodity hardware, be it a smartphone or not. If I have a website that is visited by enough people to mine me a (part of a) bitcoin, while at the same time the cost of hosting the site is less than what is earned, what does it matter if the mining power is not efficient? If I care more about money than about environment, it's a good business model. But you probably need a lot of v…
mine me a (part of a) bitcoin, To be clear, literally mining Bitcoin without specialized equipment is so wildly unprofitable to be an idiotic business model and that's obvious after five minutes of Googling.
It's free if it doesn't use your power though...
Re: Could cryptocurrency mining kill online advertising?
#17Someone did the math on this, right? I thought the amount of revenue generated was a complete pittance. More likely, this is just something sites start doing on top of advertising.
They did the last few times it was attempted. https://hn.algolia.com/?query=javascript%20miner&sort=byPopu... There's this great blurb: We're a bit saddened to see that some of our customers integrate Coinhive into their pages without disclosing to their users what's going on, let alone asking for their permission. We believe there's so much more potential for our solution, but we have to be respectful to our end use…
Yea, the problem is the debt-based economy leading to things like the ad bubble in the first place. Mining is a process leading to a block reward too, and obviously typically as hashrate increases the difficulty increases too.
Re: Could cryptocurrency mining kill online advertising?
#18No. It user experience and so conversion rate.
It also kills battery life and therefore everything on the planet
Re: Could cryptocurrency mining kill online advertising?
#19Like others have mentioned, the economics are not good, mining is too competitive to be done on commodity hardware. Consider that over half of browsing now happens on mobile, and it becomes clear that very few people can participate.
That's not actually true - some coins are designed to be used on "commodity hardware". Monero is one, and it's what Coinbase uses.
Last I counted, my estimate on profitability was 0.006 cents / computer / minute.
https://www.reddit.com/r/Monero/comments/62m5mu/eli5_why_can...
Re: Could cryptocurrency mining kill online advertising?
#20As I've said before, when a headline asks a question, the answer is almost certainly "No."