Is it profitable to run a web mining/CPU mining

[coingal2017]

Hi all, i have came across a new post on browser mining/web mining/CPU mining. 250K per month profit. Can anyone tell me if this is true?

https://bitcoinist.com/internet-users-making-other-people-over-250k-per-month-cryptocurrency-profit/

Looking for advice. Thank you.

[mocacinno]

no way to say for sure wether this is true or not... However, it's an article talking about coinhive mining >$250.000 in total over the course of a full month. Coinhive mines monero, which is about the only "established" coin that's still profitably cpu-minable (by people that have a low electricity rate, decent hardware AND enough knowledge to set everything up).

The fact that coinhive is a well-known brand that has thousands of users, mining a cpu-minable coin from the browser, i wouldn't be supprised if the sum of the mined coins exceeded 250.000 each month, so i'd defenatly not call this one busted without further investigation...

Afs for your title: i don't think mining monero using your browser is the best option for a miner... I'd defenately use a standalone mining software, and i'd defenately suggest you run all profitability calculations before you even attempt this (profit depends on your electricity price, hardware, hardware price and setup... It's easy to mine at a loss), and by solo mining you'll defenately not make anything near $250.000, if you're lucky you'll make a couple of bucks each month

[coingal2017]

Thanks for reply.

So it is possible to achieve such result if you have the pool of community to mine together?

solo mining will never achieve such result.

Do correct me if i am wrong.

[mocacinno]

Thanks for reply.

So it is possible to achieve such result if you have the pool of community to mine together?

solo mining will never achieve such result.

Do correct me if i am wrong.

That's correct, if you have a big pool...

The average time between two XMR blocks is 2 minutes, the block reward ~2.5 XMR and the price at this moment ~$85/XMR.
This means that, if you'd be the only pool owner, and nobody solo mined, at this moment you'd have an income of ~55800 XMR/month (31 days) =~ $4.7 million USD/month.

So if you'd controll about 1/19th of the hashrate, you could have an income of about $250.000/month... This is BEFORE paying your electricity bill and hardware!!! I have no idear if coinhive controlls this much hashpower, but i certainly wouldn't dismiss the idear...

Solo mining...
find your hardware here: https://monerobenchmarks.info/
plug those numbers in here: https://www.cryptocompare.com/mining/calculator/xmr

But basically, if you have the best GPU, at current difficulty and XMR price, you'd stand to have an income of ~$500/year, burning a truckload of electricity in the process, so you'll have to have nearly free hardware and cheap electricity if you actually want to make some profit.

[coingal2017]

Thank you so much for your reply. I got it.

I was planning to build a web mining community.

Do you have any suggestion, how do i start with it?

[mocacinno]

Thank you so much for your reply. I got it.

I was planning to build a web mining community.

Do you have any suggestion, how do i start with it?

No idear, but if it were me, i'd probably start by building the framework, make sure everything works flawlessly, only then i'd find other interested people to join the community.... One thing is certain, you'll need a lot of people joining your community if you want a shot at breaking even.

[minerja]

You might want to read this first before you get too exicted...

https://cointelegraph.com/news/crypto-mining-service-coinhive-to-shut-down-operations-in-march

[coingal2017]

@mocacinno

Noted with thanks. Lets me post a development request, lets see if i can get any reply from the forum. Thanks again and truly appreciate your reply. Have a lovely monday.

@minerja

We need to work out an ethical procedure. Members shall agree with the mining process, instead of we stealingtheir computer power. Thanks for sharing. Will becareful the project planning.

[huntingthesnark]

Hi all, i have came across a new post on browser mining/web mining/CPU mining. 250K per month profit. Can anyone tell me if this is true?

https://bitcoinist.com/internet-users-making-other-people-over-250k-per-month-cryptocurrency-profit/

Looking for advice. Thank you.

Dude, that's a post from nearly a year ago. XMR has completely changed algo since then, and Coinhive has shut down. When you say 'web mining community' you kinda mean browser 'mining pool' right? That's been done, dusted...

[Michail9090]

Coinhive has long since ceased to exist, ie mining.  Now a lot of other algorithms and coins that can be mined using the processor. But such amounts are not promised anywhere