Re:Could cryptocurrency mining kill online advertising?
by yuhong on Sunday October 22, 2017 @04:01PM
(#15528635)
Yea, the problem is the debt-based economy leading to things like the ad bubble in the first place. Mining is a process leading to a block reward too, and obviously typically as hashrate increases the difficulty increases too.
https://hn.algolia.com/?query=javascript%20miner&sort=byPopu...
There's this great blurb:
We're a bit saddened to see that some of our customers integrate Coinhive into their pages without disclosing to their users what's going on, let alone asking for their permission. We believe there's so much more potential for our solution, but we have to be respectful to our end users.
https://coinhive.com/blog/status-report
It'd be awesome if someone did a comprehensive breakdown. If you scale this up to remove ads from 10% of the net or 30%, does it stay valuable with that mining power added to a single coin? Or does this business model require the continued pump and dump of worthless coins? What kind of energy and workload is this putting on user machines (in many cases without permission)?
If I run across a site that is mining without notice and permission, I'll never visit again, as best as I can. I don't want to support that. Hosting websites is relatively cheap, if companies weren't writing such bloated software, their costs would be much lower. Fix that first without adding more junk to the tech community, please.