Admit it: for a sole hour of mining, on a most likely general-purpose hardware, which you can use meanwhile for mining, it's not even that bad.
Also consider it's aimed to be mined simultaneously by webpage visitors. If your page can have 10 visitors an hour, that means 10 cent per hour with you doing essentially nothing for it.
For big websites, it potentially means big revenue, especially when combined with, say, Basic Attention Token.
Nobody's going to be on your website an hour... 70% traffic leave after 10 sec. Big sites can make bigger revenue by selling their ad space or products or whatever.... O_O
Damn that's wrong on so many levels...
10sec is likely an average...some spend more time, some spend less.
To get the amount of mined hashes equivalent to 10 person staying one hour, you don't need exactly that. What I meant is that small numbers add up, e.g. 10 people can mine 1 minute simultaneously which would wake 1 person 10 minutes.
Browser mining is an emerging alternative to the currently existing way of generating revenue off views - advertisements. Either you watch an ad (assume no adblock for now) or mine with a portion of your CPU for 20 seconds - which one would you choose?
You should understand that this is a special kind of coin earning technique before calling bullshit.
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The average is 2-3 minutes. but 70% spend 10 seconds.
If you're making your own website, websites like fb and youtube have bigger average.
As a webmaster I choose coins, but bringing traffic to a blog is really hard, sometimes you don't even get the traffic.
The idea is great, no doubts, but at current stage it's useless :(
OK, more understandable this way. These are all true, no doubt.
I'd also note however that JSECoin is indeed a very young project, it's not even listed on exchanges yet.
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There's a monero one, coinhive, which has browsers mine monero, so the guy earned just 89 cents over a week
https://medium.com/@MaxenceCornet/coinhive-review-embeddable-javascript-crypto-miner-806f7024cde8
Coinhive and Monero isn't ideal for this purpose for plenty of reasons:
it's not super efficient to mine with CPU
various blockers can and will detect such JS miners (JSECoin is in the process to be whitelisted)
it can be misused and exploited in various ways (JSECoin forces opt-in windows)
it isn't made exclusively for browser mining
I love Coinhive because I'm a huge fan of Monero but JSECoin seems to be a healthier alternative.
Still not huge bucks but adoption should be started somewhere.