Mining as website monetizer?

[Cred]

Reading two articles recently, one about how the web has become all about selling you as a product and mining data to sell you ads and one about the New Jersey goons confiscating all the code of an MIT student who did a proof of concept (although this was done in the early days of mining) to mine bitcoins in a web browser.

Wouldn't it be great if government just got the f**k out of the way and let website providers use their viewers browsers to mine for coins? Yes, ask their permission first but nobody is going to mind clicking OK to let the website earn a bit of more if it means less tracking of our every move, so long as they aren't getting their battery drained.

It overcomes the micro-payment barrier effortlessly, what's a few more pence on the electric bill, makes more efficient use of power and means those who produce content that keeps eyeballs for longest earn more instead of the short attention span crap that floods the web now. All it requires is for the anti-money laundering crap to get out of the way and allow an actual economy to grow on the web instead of artists and writers gradually earning less and less while Google and Facebook slowly take over the world.

Would it work with Bitcoin if enough viewers joined in? If you got a few thousands willing hits a day would you earn anything close to decent? You could always get your script to switch to a more profitable alt coin. The security would be tricky too but as an idea I think the MIT guy was spot on.

[iluvpie60]

Reading two articles recently, one about how the web has become all about selling you as a product and mining data to sell you ads and one about the New Jersey goons confiscating all the code of an MIT student who did a proof of concept (although this was done in the early days of mining) to mine bitcoins in a web browser.

Wouldn't it be great if government just got the f**k out of the way and let website providers use their viewers browsers to mine for coins? Yes, ask their permission first but nobody is going to mind clicking OK to let the website earn a bit of more if it means less tracking of our every move, so long as they aren't getting their battery drained.

It overcomes the micro-payment barrier effortlessly, what's a few more pence on the electric bill, makes more efficient use of power and means those who produce content that keeps eyeballs for longest earn more instead of the short attention span crap that floods the web now. All it requires is for the anti-money laundering crap to get out of the way and allow an actual economy to grow on the web instead of artists and writers gradually earning less and less while Google and Facebook slowly take over the world.

Would it work with Bitcoin if enough viewers joined in? If you got a few thousands willing hits a day would you earn anything close to decent? You could always get your script to switch to a more profitable alt coin. The security would be tricky too but as an idea I think the MIT guy was spot on.

for the average computer this would do almost nothing for btc and would NOT be worth it. same thing pretty much goes for altcoins, and miners work at like 98% of what your computer can do, so it isn't just a few extra pence to your electric bill, try an extra 50 bucks a month or more depending on how often you would mine with your computer + the hassle of things breaking because its temp is so hot all the time. for normal people this would be terrible and they would NEVER make their money back. even still probably for altcoins they wouldnt either, with how competitive it gets it would only be viable for the first few days of an alt coin release.


plus there are already mining pools that switch to different coins.

[Xiaoxiao]

Yes absolutely would not work.

[immortal4now]

It can be done in javascript, but it will just annoy visitors. Actually 2 years ago some sites had it on I believe, but not worth because you will just loose visitors

[Barnabe]

Even 3 years ago these Javascript miners were annoying and useless (ridiculous hash rate even then).

[phillipsjk]

Here is what I told the MIT students:

Hello,

I saw the venture Beat article about your project. I was somewhat surprised
it received the "most innovative" award when prior-art dates back to May
of 2011.

My CPU time is limited. I hate JavaScript to the point of leaving it
disabled most of the time. It is disturbing that some browsers no longer
appear to offer that option. I have an old-fashioned view that web-pages
should be mainly static. If you have 30 tabs open, it is not always
easy to find out which one is using too much CPU time when load-average
on the machine gets too high (though animation is often a clue).

I can understand why the State of New Jersey is investigating your
project for computer fraud. The Venture Beat article claims that the software
is non-functional because You do not have mining software running on
that back-end. It is not made clear if you refrain from using
using CPU time while the back-end is non functional.

Anyway, it has been concluded years ago that JS mining will not
replace AD revenue. Even GPUs are obsolete for Bitcoin mining.
Heck, I just purchased my first ASIC, and *it* is obsolete for
Bitcoin mining (110nm, not expected to break-even).

Regards,

James Phillips

References:
  Linkname: New Jersey slaps MIT Bitcoin hackers with subpoena -- and they're
          fighting back | VentureBeat | Dev | by Eric Blattberg
        URL:
http://venturebeat.com/2014/02/12/new-jersey-slaps-mit-bitcoin-hackers-with-subpoena-and-theyre-fighting-back/

Embedable Javascript Bitcoin miner for your website
May 20, 2011, 01:58:01 AM
https://bitcointalk.org/index.php?topic=9042.0

Could JS Bitcoin Mining Replace Google's Adsense?
May 21, 2011, 08:46:11 PM
https://bitcointalk.org/index.php?topic=9269.0

Java miner that possibly served as inspiration:
Browser Bitcoin Miner (No setup, no download, no configuration)
May 18, 2011, 12:37:02 PM
https://bitcointalk.org/index.php?topic=8780.0

Even earlier mention:
Re: Making the Faucet sustainable....
January 17, 2011, 07:50:41 PM
https://bitcointalk.org/index.php?topic=2853.msg39076#msg39076

Even EARLIER mention:
Re: New demonstration CPU miner available
November 25, 2010, 02:14:17 AM
https://bitcointalk.org/index.php?topic=1925.msg24236#msg24236

[rz20]

Maybe in 2009 and 2010 you could do something with that hasrrate, now you cant

[franky1]

javascript CPU mining is 30% effiency compared to direct cpu mining.

now then with an average hashrate of just 3khash it would take 300,000,000 visitors at any one time just to reach a terrahash.

or comparing it to todays network hashrate 178,000 thash

1,068,000,000,000 users to get 1btc per block, or
178,000,000,000 users to get 1btc per hour, or
7,416,666,667 user to get 1btc per day, or
1,059,523,810 user to get 1btc per week, or
264,880,952 user to get 1btc per month, or
22,073,413 user to get 1btc per year

although facebook claims to have 2billion users registered. not all of them are active 24/7/365.. so lets pretend that 22million users were the average activity of facebook throughout the year constantly.

now think about the server costs to manage 2 billion peoples data(storage) AND 22million peoples active usage(transmission)
now do you think facebooks 'userbase demands' and staff costs to maintain such equipment to cope, will easily be paid for by 1btc?($500)

.. need i say more?
umm nope i think that covers it

[Metros]

Sorry for the late bump, but I am doing research on that and nowdays it can def. be worthy for coins such as Zcash/Monero/etc.

JS based Webgl/Opengl on big websites can mine quite a lot.