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It would be cool if it evolved into something mutual between content providers and users. You have a bitcoin/ethereum/whatever wallet associated with your brows
by mikenew 9y ago
It would be cool if it evolved into something mutual between content providers and users. You have a bitcoin/ethereum/whatever wallet associated with your browser, and when you're on a website it spins up a mining process where you take a cut and they take a cut. It could be built on a platform kind of like AdSense where there's a basic agreement between parties on how things should work.
I make most of my living off of the donation economy. There are a lot of people out there who want to support good content. They just really don't like ads.
- TylerE 9y agoHalf of $0.000000001 is $0
- fjsolwmv 9y agoHow about you just mine or work whenever you want for currency, and then pay for access with currency?
- Karunamon 9y agoDoesn’t seem to work in the real world. Most orgs over-value their content and don’t seem to realize that more effort put in does not translate to higher value (or real/perceived utility to the reader). Hence the passive revenue generation of advertising. Once people have to put a number of resource they’re willing to pay next to the article they clicked on out of curiosity, they decide it’s not worth bothering.
- chii 9y ago> Most orgs over-value their content or most users undervalue their content? who's to say who is in the right? The fact is, users are currently used to free content. What can be done, business model-wise, to keep it that way, but remove ads from the equation? I don't see a way unfortunately.
- derefr 9y agoWith pools of GPU- and FPGA- and ASIC-miners in play in a blockchain, raising the block difficulty, any individual user just doing CPU mining has a negligible chance of ever generating any money for themselves; and will only make negligible amounts by being a member of a mining pool. These mining scripts are worth money to their owners only because they get to make all the dividends from the covert mining pool they've created. There is a reason that "immediately join a Bitcoin mining pool" isn't commonly-heard advice; that it's not something everyone does for their aunt. The average computer just isn't going to make enough money to be worth it—even just to pay for microtransactions.
- monort 9y agoActually modern CPU can make around $20 per month with $5 electricity cost. https://www.nicehash.com/profitability-calculator/intel-cpu-i7-6700-340ghz?e=0.1¤cy=USD https://www.nicehash.com/profitability-calculator/intel-cpu-...
- user5994461 9y agoNot at all. First, electricity is much more expensive than the price they put in their estimate. Second, a computer running at 100% CPU uses much more electricity than what they accounted for.
- Fnoord 9y agoLet us not tunnelvision with US/USD PoV only. There are other countries and currencies in the world; both places where electricity is cheaper and more expensive.
- russdpale 9y agoNicehash as a source? Really?
- SilasX 9y agoThat's definitely more economically efficient, but then people just pirate the content. The caveat is taxation, though. If I earn the money and buy with it, I have to pay with after-tax dollars, but if I mine in browser, the money/cryptocurrency units never passed through me. Depending on personal income tax rates, that's as much as a 50% cost difference (for the income that would be earned by mining, though, not labor I have a comparative advantage in, of course).
- Retr0spectrum 9y agoA native CPU or GPU miner is significantly more efficient than an in-browser one. This discrepancy could be much greater than the effects of text.
- SilasX 9y agoNot per unit of the the user's capital/labor expended.
- Retr0spectrum 9y agos/text/tax/