JSEcoin – Javascript Embeded Cryptocurrency for Webmasters

13 Sep
2017

It seems that there is an interesting new cryptocurrency called JSEcoin that is targeted at offering webmasters a different way to monetizing their website traffic. Essentially allowing visitors to the website to mine the cryptocurrency with the help of small piece of javascript code embedded on the blog or website. The algorithm is not very heavy or demanding and the mining process itself does not seem to be taking too much CPU resources (it is CPU only), so the computer remains responsive and working just fine as if it is not calculating anything. This is making it pretty interesting for owners of big websites with more visitors, especially visitors that stay longer, but also makes it easy for regular users that are not yet into cryptocurrencies to actually get into mining this new cryptocoin as it only requires you to open a website and not do a lot of complicated stuff.

At the moment website mining is working and the platform is looking for website publishers that are interested in embedding the mining code to try it out (we are currently testing it here already). Investors are also welcomed with various options available for purchase of JSEcoins at a rate of $1 USD per JSE. Unfortunately there is currently no way to cash out your JSE coins, this should be possible after a planned ICO for around Q2 2018, you will then be able to transfer JSEcoin to exchanges and swap for Bitcoin/USD etc. according to the authors of the project. The platform is currently being integrated with Metamask – a Chrome based wallet which facilitates Ethereum ERC20 transactions and can export private keys for offline storage. This should be released by the beginning of November 2017 and thus provide a wallet available to store coins outside of the JSE platform.

So what is the total amount of possible earnings per day? 1440 coins are currently being distributed to publishers and 720 coins for self-miners on the platform, so a total of 2160 new JSE coins per day are being generated with a bit over half a million coins in circulation already according to the developers of the project (from early September). Out of those tokens 100,000 have been retained by the company and another 400,000 are for the co-founders of the project, so the actual number of coins in circulation in the hands of users is really just a few tens of thousands. According to the whitepaper the Minimum Final Distribution is going to be 10,000,000 and the Maximum Final Distribution: 100,000,000.

The answer to the question is it risky is yes, it is, but then again early adopters do have the chance if things pick up to get a much higher reward for being there right from the start. Our recommendation is just to give it a go and see for yourself, mining locally or through your own website or blog. We are not giving you investment advice here, this is for you to decide, but as far as mining goes you should go and give it a try for sure.

For more information about the project JSEcoin and to give it a try yourself…



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13 Responses to JSEcoin – Javascript Embeded Cryptocurrency for Webmasters

Roger Federer

September 13th, 2017 at 17:11

Sounds terrible for two reasons:
Founders are keeping too large of a stake that the coin will not likely increase in value.
More importantly, ripe for abuse.

lol

September 14th, 2017 at 09:33

lol now shady ads will use your cpu to mine, hilarous…

Potato

September 14th, 2017 at 13:44

Use small amount of CPU resources isn’t bad idea, but imagine if users open multiple tabs which have this javascript.

Iv

September 14th, 2017 at 14:04

That is why you need to have a good prevention of abuse, to drive off greedy “hackers” away from the project.

Minting just 2160 new coins a day with a value of 1 dollar per coin seems pretty low for me.

Then again if the price grows as the user base grows things might be looking pretty good for early adopters.

Greg

September 14th, 2017 at 14:29

Pretty sure MS Defender, Malwarebytes, etc.. will catch that as nefarious behavior…

Mario

September 15th, 2017 at 10:25

I cannot access anymore to my account at the moment… :o

Joel

September 15th, 2017 at 13:17

JSEcoin SCAM , I cannot access to my account after failur JSEcoin server.My Balance JSE 176,43 .help me…..!!!!

Mario

September 15th, 2017 at 15:19

Now the support tells me that they have lost all the data of the users that have made the registration few days ago. But the others can access. Is that true?
I have lost 2 JSEcoin.
– Joel how have you make 176,43 JSEcoin?? :o Amazing.

matt

September 15th, 2017 at 18:12

i’m logged in but mining is fraught it closes down or goes offline or the server dies…..i’m logged in cant mine lol

Iv

September 15th, 2017 at 19:38

Data from their webserver for about a day is apparently missing due to some server error, so users that have registered during this period of time might need to register again. Most likely any coins mined during that time will also be missing from the account.

Ainars

September 18th, 2017 at 00:47

Lost my account there. Very unprofessional to not to make any database backups.

rickj

September 23rd, 2017 at 15:53

Sign up day of article no mining since

Oli

November 8th, 2017 at 04:16

That same evening, I stopped site mining. Unfortunately. I am not a lawyer and can not make a legal assessment here. The problem that I see as a layman, however, is the lack of legal certainty. JSEcoin plays at Website Mining after about 7-8 seconds at the bottom of the screen a layer in which (which I find very good) is pointed out that resources are tapped when visiting the website. In addition, the visitor to the website by clicking on “Privacy” via opt-out (pro-actively turn off) to disable this. I think that’s good, too. However, I am afraid that this is not allowed in this form in Germany. Probably browser mining in Germany is only allowed, if one implements this via opt-in (proactively turn on). This is a pity, because I find – in contrast to annoying advertising – this variant very elegant. My calculator did not need much resources and being able to offer a website completely without ads would be a nice thing. For visitors it is just as elegant, because to give up some computing power and finally be able to do without the annoying advertising would be great. However, as long as this is not implemented via opt-in, that’s legally too thin for me. Of course, the cat bites its tail again, because if one is “dependent” on a proactive action of the visitors, only a fraction will arrive and the whole thing will not work anymore. A pity.

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