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Jan Cadalabs records increase in token and virtual land demand after V2 web upgrade Dec Site contains opinion for informational purposes only and does not constitute investment advice. But they didn't. What's more, given their chosen method of attack, the attackers should have chosen higher-traffic, less-scrutinized, lower-security targets: porn sites are popular with cryptominers because they fit these criteria.
It seems the hijackers' goal wasn't to make money. What concept that might be, Boyd didn't specify. The potential isn't limited to ad-based models, either:. Wikipedia wouldn't need to ask for donations if they implemented a browser-based miner. Browser mining has the potential to disrupt current monetization models for web content providers.
Internet ads — which are annoying, often carry malicious code, and support a data brokerage industry that compromises users' privacy and and security — could be relegated to a supporting role. Donations — which, judging by the tenor of Wikipedia's pleas, don't cut it — could also fade in importance. Unfortunately, Nuzzi continues , hackers beat reputable sites to the punch, which links browser mining with malware in the public imagination and "crushes the hope of adoption by reputable websites like Wikipedia.
Perhaps, but at least one reputable, if struggling, site has taken the plunge. Salon has partnered with Coinhive, and on Feb. To assess the user experience, I turned on a couple of ad blockers, visited Salon and agreed to "suppress ads. The homepage became semi-opaque and unclickable, as sometimes happens when a mandatory pop-up is obscured by an ad-blocker having an adblocker being a necessary pre-requisite to opting into the cryptominer.
After some fiddling — the kind that would have led me to browse elsewhere under normal circumstances — I was mining monero in exchange for cutting liberal commentary. I did not see any ads, but of course I was running ad blockers. The page constantly reloaded certain elements, causing the text to skip around every few seconds. It was difficult to read. A bit suspiciously, my ad-blockers' counters ticked up to 11 and 29, indicating requests blocked, with every reload.
I was undoubtedly mining. Chrome's energy impact also spiked to triple digits; the hour average is An email to Salon's PR firm asking about the outlet's experience with browser mining did not receive an immediate reply. This article will be updated to reflect Salon's responses. My brief encounter with browser mining revealed the kind of hiccups that are typical of beta versions. But power consumption is an obstacle that minor improvements won't solve. Bitcoin miners are flocking to Quebec because the electricity is cheap.
Hijackers are mining using visitors' browsers for the same reason. While it's difficult to estimate the monetary impact of mining on Salon's behalf, the increase in electricity consumption was obvious. If a significant chunk of the web adopted browser mining, using the internet could get expensive. The same goes for hardware usage. WannaMine presented such a problem because, as Panda put it, "the way in which it tries to make maximum use of the processor and RAM places the computer under great strain.
Nuzzi doesn't discount these problems. On the other hand, "like ads, there will be ways of blocking that scrypt, so websites have to figure out what the fair balance should be, otherwise users will stop visiting the website or block the miner. As for electricity usage, monero's hash function CryptoNight has a lighter touch than, say, bitcoin's SHA Monero mining "isn't a big problem for laptop users," says Nuzzi, but "it most certainly curbs some of the use cases for smart-phones" with their more limited battery capacity.
Then there's the risk that the hash rate arms race, which has rendered CPU and even GPU mining of bitcoin and litecoin unprofitable, will stall the browser mining push. The reason that Coinhive and WannaMine use monero is that it is one of the only cryptocurrencies that can be profitably mined using a CPU. Given the right economic incentives, couldn't monero also fall victim to ASICs , specialized hardware designed solely to run through hash functions as fast as possible?
Nuzzi doesn't think so. He calls CryptoNight "brilliantly designed," adding that it "allows Monero to be mined using a variety of devices, including smartphones, as the majority of them have at least 2GB of RAM, while only 2MB is required to initiate a CryptoNight instance. Monero's developers have also promised to change the algorithm if an ASIC is developed. See also, Bitcoin vs.