Posts Tagged ‘javascript mining

It seems that quite a lot of websites have recently got into crypto mining Monero (XMR) using the Javascript miner provided by Coin Hive without warning their users that there will be such a thing when you visit them. That of course cannot remain undiscovered for long time due to the increased CPU load when visiting these websites and it really is not the best thing to do and not tell your visitors… not to mention that you won’t be earning that much. You can offer them to open a separate window with the miner as a means to support your website, product or service and then everything could be fine, but not telling them and hoping that they will not find and will not get unhappy is really not fine. In fact besides the web miner that particular service also offers other interesting and useful ways to monetize your traffic with mining, namely the Proof of Work Captcha and PoW Shortlinks that you might want to check out… this post however is not about the XMR web miner.

This post is about JSEcoin that we have talked about last month as well. It is a project similar in a ways to Coin Hive, but it more than just a web-based miner for an existing crypto coin. It is a whole new crypto currency that can be mined with a dedicated web miner and that you can also embed in your website for your visitors to help support you by mining the coin. Soon after we covered the project they have shut down the function for users to try self mining as there was an influx of new users registering and trying it out, not really a surprise here. Now, a bit later the backend has been upgraded to meet the increased user demand and self mining is back and running just fine and seems more stable, though hashrate seems a bit low now.

The miner for JSEcoin does come with a built-in feature to let the users visiting a website that it is there and that some of their CPU resources will be used for mining. Unlike the XMR web miner that is pretty demanding and the hasrate is really not that high compared to a dedicated miner running on the same hardware here things are designed around the goal of using a web browser to mine the coin. Of course JSE coin is a new young project and still needs some time to develop and start bringing actual returns should you decide to sell any mined coins, it is riskier at this point, but can also be more rewarding in the long term. So if you are interested in the concept of web mining, then you should most definitely check this project out and give it a try as it is looking really promising even at this early stage of development.

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

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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