Most tech-savvy people these days have some sort of Ad-block installed on their browser to prevent them annoying adverts that pop up everytime you click something on a site. So how can you monetize your website without including pesky adverts?
Well, the answer is a new service by Coin Hive, that allows you to use the CPU of your website's traffic to mine cryptocurrency. This has been implemented by The Pirate Bay on their site to allow them to remove the adverts from their site. Coin Hive offers a captcha-like service where users need to solve a number of hashes in order to submit a form. This prevents spam while having the added benefit of earning you money.
This service can also be implemented in games to monetize them and offer rewards for the players. Coin Hive is a Javascript miner for the Monero Blockchain, which runs the best on standard CPU's, compared with other Blockchains. Coin hive boast a hash rate of around 90H/s on an Intel i7, which if true, could prove very profitable for someone who gains a lot of traffic. The longer that the traffic stays on your site, the more profit that you will make using this service.
As always I'd love to hear what you think about the matter. Do you think that this form of monetization could replace adverts on websites? Would you give this a try on your site? If you do I'd love to hear how it goes compared with regular banner and pop-up adverts.
If you like what you read why not leave me a upvote?
It got a bit of backlash from TPB users, I heard anyway. I like the idea, but there are a lot of problems. There will be some people who abuse it by overusing your CPU and I think a lot of people won't understand the concept, so it might take sometime. But I'd rather that than adds.
Yh many people can try to abuse the system, but it will be less profitable for them because the website will take longer to load and people will get tired waiting.
That is so amazing. I am very grateful for that! Love it.
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nice read but ill stay away
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