As Bitcoin mining for the average cryptocurrency follower has rapidly dropped and become extinct, Monero browser mining has rose to claim the rank as the top method for earning cryptocurrency through a computer. The most infamous company for Monero browser mining? Coinhive.

Coinhive rose to prominence due to its use of a small chunk of HTML code that is designed for websites. Along with its popularity however, came its faults. The script draws upon a user’s CPU (sometimes even all of it), using that energy to mine Monero. Its script can be secretly laced into websites, leading to website users losing CPU to website owners, and positively damaging their computers. It’s become considered malware by many sites and adblocks.

Coinhive and JSEcoin are extremely similar in many instances. Both cover similar niches of websites, both are HTML scripts that allow website owners to profit, and both are populating websites across the globe.

In this article, I’ll compare the two, viewing not only their style and means of consumption and profit generation, but also their future plans and possible global adoption. In this article, I’ll compare Coinhive, a script, to the rising JSEcoin, a blockchain.

Niche/Concept:
Both Coinhive and JSEcoin tackle similar concepts, as an option for webmasters to generate more revenue. However, Coinhive is a company that created a script to mine monero, and contains a dashboard to distribute rewards to publishers. JSEcoin however, is a blockchain with its own coin as the currency value for rewards for publishers.

Economy:
Through these different reliances on coins, Coinhive and JSEcoin differ in economy. Coinhive depends on Monero, as users mine the cryptocurrency for web owners. The mining earns rewards generated through the Monero pool, awarding a certain number of Monero coins per million hash. JSEcoin relies on its own coin (JSEcoin) as its currency, its prices are dependent among the demand and supply of mining and distributing JSEcoin through its script.

Rewarding Webmasters:
Coinhive rewards users through the formula (<solved_hashes>/<global_difficulty>) * <block_reward> * 0.7, while JSEcoin rewards both self-miners and publishers through a lottery system for 50 coins each block, in separate groups. Unique opt-ins are counted as a ticket for their lottery system for publishers.

Ethics:
Coinhive has two sides of use: one anonymously added to their script, and the other asking users to opt-in. Although the opt-in version of Coinhive has generated interest from companies like UNICEF Australia (using it to earn revenue to fund charity operations), it is Coinhive’s anonymous script that has caused malware and adblock sites like Malwarebytes to block Coinhive. JSEcoin, provides only opt-in scripts to publishers, ensuring transparency for publishers and users alike.

Earning Potential:
Coinhive is definitely a leader in the market for mining revenue for publishers. However, due to Coinhive and JSEcoin covering similar markets, two things can happen: Either one surpasses the other and dominates the market, or they share it, similar to the variety of ad companies like Google Adsense or MellowAds. The former option is likely to be the case. With the immense number of websites created today, there is plenty of market share to go around. However, the latter is definitely a possibility. Due to JSEcoin’s unique position as a blockchain with complete transparency and positive ethics, there’s high possibility that if JSEcoin’s price were to blossom, the online news and video sharing industries would adopt its script. Coinhive’s reliance on Monero can be seen as a limitation: its price is not dependent on its web mining interest. However, JSEcoin could skyrocket, as it’s directly influenced by the amount of interest webmasters have on the coin.

Final Opinion:
Coinhive profited from its position as one of the first to create a platform for webmasters to earn from users. JSEcoin has the power to earn not only the trust, but also the potential to earn the usage of websites across the globe through its blockchain model. Similarly to a snowball rolling down a hill and gaining mass, with each adoption pushing JSEcoin further up the leaderboard of website revenue options.

Now just imagine if the New York Times or Forbes Magazine adopted JSEcoin. Coinhive isn’t a viable option: the reputation and risks of Coinhive is a nonstarter. JSEcoin? Transparent. Ethical. Full of potential. JSEcoin has the potential to break through the cryptocurrency bull market with its unlimited possibilities - and websites for adoption.

Let me know your comments below!

Sources:

https://jsecoin.com/whitepaper.pdf

The question on everyone’s mind is: What is the next big cryptocurrency? In a space where thousands of ideas and coins have been produced, many have faded away, some have been labeled as scams, and others simply lack interest. We all know the major industry leaders, like  Bitcoin, Ethereum, and Ripple. We have all heard of other leading coins like Litecoin, Monero, Dash, or NEO. But there are coins with huge potentials that haven’t had the same exposure, coins that have been created with the intention to fill niches in society in industries across the globe. Finding a legitimate new coin is obviously tough, with scams and get rich quick schemes all over the internet, but when found, can be a massive revenue source and profit for companies and individuals (like me!).

This is just that: a legitimate new coin that has the potential to completely shake how websites and companies can make money: JSEcoin.

During my research of up-and-coming coins, I came across hundreds of ICO’s and airdrops that are either redundant or extremely risky. JSEcoin, however, is developing the right way, with transparency and clear goals to establish potential and growth.

I believe that all new ideas, not just coins, have to have simple steps to be successful:
1. What is the issue that this idea is trying to solve?
2. Does the issue even need resolving?
3. Is the idea a plausible solution for the issue at hand?
4. Is there potential for growth?

Only then, can we tackle the intricacies and mindsets of the leaders of the new idea or company:
5. Is the company transparent? In other words, are we able to see who is leading the company, who is advertising the company?
6. Clear concise websites, whitepaper, system?
7. Will the company leaders control too much of the coin?
8. Should I invest?

JSECOIN has legitimate and quality answers to all of these criterias.

1. What is the issue?
Money. Money. Money. All companies, all individuals, struggle with gaining wealth. People following stocks, cryptocurrencies, or any other industry, do so in hopes for revenue for themselves or their family. With the advent of the internet, websites began populating the world space, and with that came the need for website developers to monetize their sites. As the generations passed, more and more millennials and Generation Z individuals are turning to computers and smartphones. With over one billion websites in the world, the need for consistent revenue from the internet is needed. However, simple ads on a website generate very little wealth to the common user and are obstructive and annoying. Who wants to stay on a website with 100 ads or pop up ads? Yet they are needed for revenue. This isn’t simply an issue for the common website owner. Even major newspapers like the New York Times or the Wall Street Journal notes loses in revenue.

There is only a limit to the number of ads that can be placed on a website without turning away customers and users, and with the invention of ad-block (I use one too) and anti-malware, these ads are being blocked. From my personal experience, I tend to stray away from annoying ad-filled sites and blogs, and read those that are ad-block allowed.

2. Does this issue need resolving?
Yes! It does. The number of websites will only grow as millennials and Generation Zs grow older. Current solutions, like whitelisting on sites, simply turn away viewers. Viewing ads and clicking through short links simply takes extra time, while cluttering and annoying the users. Although browser mining is the possible solution, options like Coinhive can be damaging to computers, and since being used by hackers, can be seen as malware by anti-malware trackers. Furthermore, Coinhive takes 30% of the profit, and rough calculations of profit being (<solved_hashes>/54237237138) * 4.29 XMR * 0.7   = 0.000055 XMR per 1M hashes. Medium.com has an article in which the author states that “I made 0.00947 XMR in 60 hours, a whopping $0.89, that’s $0.36 a day. For this exact website, it’s 4 to 5 times less than what it makes with non-intrusive ads (banner + text only).” Clearly, a better solution is needed.

3. Is the idea a plausible solution for the issue at hand?
Safe use? Check. Doesn’t damage the computer? Check. Ability to mine for a profit? Check. No profit deductions by company? Check.

Simply put, JSEcoin solves all of these issues. Users never want to go to unsafe sites. From its whitepaper, “JSEcoin is a 100% opt-in only platform. No mining is carried out without the end users consent.” By beginning with a message that allows users to opt-out, it immediately builds trust with the user. A major issue with Coinhive was that it would use too much of the CPU, and would ruin website performance and future computer use. With JSEcoin however, “the CPU usage for our hashing algorithm is less resource demanding than the loading of a video advertisement. (whitepaper)” I have mined for the coin myself, and the high fanning of my computer trying to cool down associated with browser mining just isn’t there with JSEcoin. It’s energy efficient, it’s plausible even as mining becomes more difficult with the growth of the coin. As JSEcoin will be listed on exchanges, it becomes a currency for users to earn. Like STEEM with blogging, earning JSEcoins allow website creators to monetize their blogs and sites. With its merchant tools, JSEcoin allows additional revenue services that cater to website owners. Currently, they have 18,000 websites set up with their code, and about 17 MILLION opted-in miners. When consumers know that their will be no harm to their computers, they will be less likely to be against revenue for the website owner. The company itself doesn't’t take away from your profits. Any coins mined simply goes towards your account, and then can be easily sent to the market with their website tools.

4. Is there potential for growth?
Easily. When Forbes online magazine and other major news networks has large amounts of ads and still notices losses, there will be huge incentives for a clean, fair, revenue source. The possibilities are endless. As more and more interest grows around the coin, its price will skyrocket. When more and more website creators begin generating JSEcoin, its value will rise. Because there is no consistent and verified leader for website makers, JSEcoin has all the potential in the world to fill that void. One of the reasons I saw value in JSEcoin, was that I want to become a blogger. With this option for revenue, owning a website becomes so much more alluring.

5. Is the company transparent? In other words, are we able to see who is leading the company, who is advertising the company?
JSEcoin prides themselves on being transparent. Beyond focusing on being completely transparent about their mining habits, the company leaders consistently put themselves at the forefront of this idea. I always shy away from sites that hide their founders, in order to protect themselves as they scam others. Although the identity of Bitcoin’s founder remains anonymous, many developers have constantly publicly push forward its ideas, and the code itself is completely open-sourced. Ethereum has Vitalik Buterin, Litecoin has Charlie Lee, and the list goes on and on. JSEcoin lists all their team members and developers, from the co-founders down (see JSEcoin Team Page). With their activeness in social media platforms, blog sites, and their Youtube channel (see JSEcoin Youtube Channel), their company is completely transparent about their goals and recent and upcoming advancements.

6. Clear and concise websites, whitepaper, system?
Yes! Many of the quotes I listed were from their whitepaper, and their systematic approach for their website is professional and easy to read. I will go over the major tabs of their website.

Their website contains their dashboard

Which gives mining and account details, with recent transactions that show values, locations and dates. They breakdown your mining earnings, and contains a payment breakdown.
Their ICO page has details about how to purchase their coin (I will go into more detail about this later), and their transfer page gives you the option to send funds.

Their mining option allows individuals to mine for coins themselves easily and quickly. Each miner earns hashes (1 max per 30 second cycle), and a lottery system ensues that awards 50 JSEcoin to 50 hashes every 30 second cycle. This decentralizes mining (removes need for mining farms like in Bitcoin) and allows fair access for all users regardless of computer quality (no need for ASIC miners).

It also contains a clear listing of recent earnings to let you track your progress.

The publishers page allows website creators to embed code that allows their websites to ask users to mine for JSEcoin, and track their profits and views.

While their merchants page helps website creators set up their earning methods and number of sales for extra cryptocurrency payments and revenue.

Their bounty page allows submissions that provide submitors with (honestly) amazing rewards. It contains a lot of options, including earning JSE for Retweets, Facebook posts and shares, Blog posts and articles, Youtube videos and so much more. Their referral program offers huge payouts for inviting friends to join (I myself have invited a few friends and will invite more)


Simply put, their website and plans for exposure through their bounty and referral program, and their systematic approach for their ICO, mining, and publishers program, only further establish themselves as ready for the long term and ready to be the main source of revenue for website creators.

7. Will the company leaders control too much of the coin?
A major issue with new ICOs is that their creators control too much of the coin. The creators are too focused about making money, and their community of users suffers as a result. With JSEcoin however, their shareholders and advisors will only own (at max) 5% of the entire market, which is considerably lower than many other ICOs and coins. For example, Ripple owns 60 billion of the 100 billion coins available, a whopping 60%, leading to issues of centralization and accused market manipulation. With JSEcoin however, they are focused on the long term value of the coin, not a pump and dump immediately after their ICO.

8. Should I Invest?
And so we reach the biggest question of this article. Is this [Suspicious link removed]d to invest, should people purchase their coins in their ICO? JSEcoin’s ICO begins July 11th, with a hard cap of 5 billion tokens to be sold. However, just as the leaders of JSEcoin have been saying, I too will say that any new coin has its risk, just like any new startup can have potential failures. However, I’ve thoroughly researched this coin and communicated with their founders (and seen their work through Youtube and Telegram), and it has led me to believe they are set for the long run. Personally, I will invest in the coin. I have never participated in an ICO, due to my fear of them failing, but I definitely will invest in this one. Even if you don’t join their ICO however, I definitely recommend joining their self-mining, bounty, and referral programs. I’ve already mined a considerable amount of JSE, and gained more through bounties and referrals. I truly believe this will work, but please don’t take anyone’s word when it comes to investing. Do your own research, and if you do invest, only invest what you can spare. In terms of the coin itself, I believe in its potential, which is why I continuously self-mine and refer it to friends. There’s no harm in participating: the coin sale hasn’t even started, and I already have over a thousand coins. Imagine if each coin is worth 1 USD, 10 USD....

If you would like to participate with JSEcoin and believe my article has improved your understand, please help me out by using my referral link to sign up:
https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign=aff81073&utm_content=

Otherwise, sign up with their regular link:
https://jsecoin.com/

I will link additional sites for more information about the coin, and their social media.
https://twitter.com/jsecoin?lang=en - twitter page
https://www.facebook.com/officialjsecoin/ - facebook page
https://t.me/jsetelegram - telegram page
https://jsecoin.com/en/about/ - about page
https://jsecoin.com/en/about/meetTheTeam/ - team page
https://jsecoin.com/en/support/FAQ/ - FAQ page
https://jsecoin.com/whitepaper.pdf - whitepaper pdf


Let me know what you guys think! Like this post if you enjoyed reading and learned more about cryptocurrency, and comment questions about JSEcoin or another coin that you would like me to analyze.
THANKS FOR READING!!!
Cryptech7