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Yesterday I found a tweet about a monetisation possibility that enables cryptocurrency mining through JavaScript. More precisely it lets you mine XMR or Monero , a cryptocurrency not unlike Bitcoin, through users of your websites. The JavaScript miner and mining pool is provided by Coin Hive. Unfortunately the script has been blocked by the most significant adblock plugins already, since a lot of sites have enabled the miner without any opt-in dialogue, as did I for 24 hours for screens larger than px.
I have re-activated the miner as a sidebar-widget and it gives everybody the option to opt out and it stops after hashes about 20 seconds of CPU on an average desktop computer and it does not even start on smartphones. This step is literally as simple as installing Google Analytics. Somebody also already has created a coin-hive WordPress plugin on the official repository.
You can read the full documentation and throttling possibilities on the coin hive documentation. After 24 hours of mining the value at sessions according to Google Analytics, so probably a couple more is at around.
Even though the frequencies and amount of cores are comparable between smartphones and PCs, the performance of a desktop CPU still beats laptops and smartphones. A conversation I saw on twitter pointed out that compared to ads, that will just be displayed once, a client side miner gains value when a user remains on the page for a longer while, which counters the click bait trend a lot. For my format of content, in depth tutorials or at times opinion pieces and reviews, that fits perfectly.
The next steps for me will be to implement the miner with a consent click for users, like a cookie bar when they enter the page. Also a progress bar like on kickstarter, including stretch goals could be a fun way to show: Look at this bar: Thank you for reading! If you have any comments, additions or questions, please leave them in the form below!
You can also tweet them at me. If you want to read more like this, follow me on feedly or other rss readers. Can you please tell me what is split of your traffic between mobile and desktop? I am asking that cause I am trying to understand if this can work on my blog. Yours is pretty neat could you share it?
Hi Michael, thank you! I found the below blog about mining Monero even without a website like piratebay. Not sure is this workable. Your average user would have to stay on the page for nearly an hour for you to make 70 cents per 1k users.
That seems a little excessive. My anti-virus blocks coinhive saying Js: Miner-A On internet I have read it is a dangerous trojan. Is it or is it not? If faucethub and moonbitcoin have this miner…take them the risk to lose members?
I propose the miner as well on my site. Hello How does mining with the shortlink at coinhive. Can I do this myself by creating a php page? Please do correct me if you spot an error! Lets do an example like your website. Right now according to SimilarWeb you are getting But lets stick to the direct numbers that you report because they are the real thing, say for example visitors a day. Your site would generate 1.
Great info you are sharing here. I am looking to implement Coinhive as an alternative monetization solution instead of displaying ads. I will give it a try for sure. I did some tests also. If Coinhive pays out 0. I believe that if you using ad networks you will earn much more money from this. Ofcourse this is an alternative way to earn money, you can combine it with all your ads.
No hash rate is recorded at the coin hive back end. But hey, you have to try to buy, or put in down the drain!