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mine me a (part of a) bitcoin, To be clear, literally mining Bitcoin without specialized equipment is so wildly unprofitable to be an idiotic business model an
by aaron-lebo 9y ago
mine me a (part of a) bitcoin,
To be clear, literally mining Bitcoin without specialized equipment is so wildly unprofitable to be an idiotic business model and that's obvious after five minutes of Googling.
- sixo 9y agoIt's free if it doesn't use your power though...
- drawnwren 9y agoBut it's not free when compared to advertising. Case in point, this article hypothesizes about botnets mining cryptocoins - but botnets are already frequently used to exploit advertising payment channels.
- trophycase 9y agoProfitability doesn't matter if you're not paying costs but getting the income.
- aaron-lebo 9y agoIt does matter if you are: making pennies (Bitcoin on commodity machines is this way), are turning away users, or are using it instead of advertising. There's also the bit about stability, you might have a business model that's profitable one month or worthless the next. Who wants that risk?
- thinkloop 9y agoI believe the unprofitability is such that it can't even pay the expenses of serving the pages. Even if it could though, why would you opt for something that barely allows you to survive, rather than make a killing for all the value you are clearly providing?
- chenshuiluke 9y agoThey wouldn't be using Bitcoin, they'd use Monero.