Bitcoin Forum

Can anybody explain the algorithm of the bitcoin mining using browser offered by freebitco.in
Is it profitable?
I don't think so.

Mining is a serious business now and we should leave it for those who are treating it in such way. I won't recommend any such shortcut for mining as I doubt that such shortcut (probably like a cloud mining) could even recover the cost of resources invested or not. However, if you are serious about mining then consider dedicated mining hardware for it as mining Bitcoins on CPU and GPU isn't a wise idea at this stage.

i am not 100% sure what freebitco.in does but they are not mining bitcoin, these "browser miners" always mine CPU mineable altcoins. it is most probably mining Monero (XMR) in this case and converts it back to bitcoin and gives a share of it to the users.
the other part which is mining bitcoin which you can see in their annual profit is a different thing, they have actual hashrate and mine bitcoin themselves to pay the profit every day on the investment you make there.

Mining is a best way to increase your bitcoin if you want to use freebitco.in mining it's called cpu mining . Just click those option and click start button and you can see start your earning.

I absolutely agree with your opinion about mining Monero (XMR) with browser. In fact, I'm now using one of the Monero's browser mining web to mine Monero (I prefer the hash payment than the pool payment)

Even though it takes time, but it's all worth when you convert your mined Monero back to Bitcoin :)

Mining bitcoin through browser is a new innovation that utilizes your computer Cpu and let you mine bitcoins.
When you start mining, you device will work in background, this process may damage your computer.
Even mining continuously for 24 hours will not give you a single dollar.

freebitco.in as opposed to not actually mining Bitcoin, because they use javascript that can mine CPU. CPU mine usually  used for mining Altcoin, I think they only pay altcoin calculation to Bitcoin

Mining bitcoin is not that difficult. The one you are talking about regarding the mining platform in freebitco.in is a web miner that uses more of your CPU. If you really want to earn from mining, I would suggest that you invest some of your money for an Antminer or a number of video cards that generate a lot of hash power. You should also take consideration on the amount of electricity you are going to use when you mine. And just a note, you will not get a huge profit if you do not have any access to cheap or free electricity. You should check the mining section of this forum, you will learn a lot there.

Mining is the best way to increasing Bitcoin. mining Bitcoin through internet browser is a new innovation.

My friends are all mining with a professional X series of miners. And it was set next to a small hydropower station, because it would be cheap. It's hard for a person to spare a mining.

bitcoin mining is nt that profitable present price hike of bitcoin trading and holding is profitable

seriously? All i know mining is to slow for earnings even in a different manner .  I might be wrong . However some of the users here declined mining cause they all know that all of mining site is scammer which is no return after all.  Perhaps they all have doubts on it because of what they read or maybe there past experienced on it

If youre thinking to open up a farm take this point in mind
What is the average temperature for these different cities? One of the biggest expenses, that adds a lot of cost is cooling. One
city might have cheap electricity, but the average temperature might be much higher than the other city in the colder region.
You should factor in the location based on the extra cooling requirements that you would have.

Freebitcoin does not mine Bitcoin or uses your PC to do so.
If you want to know how can it be profitable for people running the website, the answer is ads.

Faucets website have many users and thus they can make fortune from advertisements. Also freebitcoin makes money from the lottery game where you will never win and you will lose all your money (personal experience).

I think it's not worth, if you're mining Bitcoin by using freebitco.in I think you should stop doing it right now cause the amount of Bitcoin you'll get is not enough for you to buy a new CPU. The mining difficulty of Bitcoin is really high at the moment so Bitcoin miners are having a very big trouble cause they will have to spend much longer time to take all the money that they invested to buy VGA or miner back so you think use your CPU to mine Bitcoin with freebitco.in is worth or not? I can ensure that it's not. :)

Bitcoin mining is very difficult and long, it requires you to be very good or to be very persistent in the process of finding bitcoin. :-\ :-\ :-\

The problematic thing about bitcoin mining is not the cost of the miners or GPU used in the mining but rather its the high cost of electricity tariiffs that you are going to pay that's the main concern. Its really profitable if you are not paying high power tariffs.