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I liked Coinhive but despised that 99% used it for malevolent things. I do like the idea of letting my computer do some proof of work for a few seconds to unloc
by Kiro 7y ago
I liked Coinhive but despised that 99% used it for malevolent things. I do like the idea of letting my computer do some proof of work for a few seconds to unlock an article. It's like doing a micro payment with your electricity bill, anonymously and without any setup.
- JoshTriplett 7y agoIn any world in which work that a browser can do in a few seconds will make any appreciable amount of money, someone can make more money by throwing a server or GPU or dedicated hardware at it, and the browser's few seconds of work stops having value.
- Kiro 7y agoCoinhive mined Monero, which is ASIC resistant and where GPUs are only twice as efficient than CPUs. It's suited for browser mining. The browser shot the calculated hashes into a pool so it's not really about one browser vs. dedicated hardware. It's about a large quantity of browsers doing the work in parallel.
- gbear605 7y agoSuppose the minimum amount to make this make sense is worth 1 cent over 4 seconds of running the proof of work. Then this proof of work would earn 24 hours/day * 60 minutes/hour * 60 seconds/minute / 4 cents/second / 100 cents/dollar = $216/day. But any proof of work system that can earn $216/day would make far more sense to run dedicated miners for instead of running miscellaneous computers on.