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Ad blocker AdGuard recently reported that 220 sites on the Alexa top 100,000 list serve crypto mining scripts to more than 500 million people. In three weeks, AdGuard estimated, the sites generated a collective $43,000. Both AdGuard, antimalware provider Malwarebytes, and a variety of their peers have recently started blocking or restricting access to Coinhive crypto mining. Both AdGuard and Malwarebytes give end users who want to support a site using Coinhive the option of accessing the mining script. In announcing the move, Malwarebytes wrote:
Coinhive’s massive Web audience isn’t lost on other companies. Collin Mulliner, a security researcher and developer of TelStop, said he recently received an e-mail from a startup called Medsweb inviting him to integrate a Monero miner into his creation. “If your app is deployed on thousands/millions of devices, you can monetize it with monero mining and earn really huge income,” the unsolicited e-mail stated. “We manage all the complexity of backend servers and mining and you get a really simple control panel to monitor your hashrate and earnings.”
The conversion process isn’t completely straightforward, though. In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge (ie: $ per KWh) by the power consumption of the unit and by a conversion factor of 0.744 (the ratio of seconds per month to joules of energy per KWh).
To that end, Coinhive introduced a new version of its product this week, called AuthedMine, which would require user permission to turn their browser into a Monero-generator. “AuthedMine enforces an explicit opt-in from the end user to run the miner,” Coinhive said in a statement on Monday. “We have gone through great lengths to ensure that our implementation of the opt-in cannot be circumvented and we pledge that it will stay this way. The AuthedMine miner will never start without the user’s consent.”
Malwarebytes noted that Coinhive recently introduced authedmine.com, a service that requires third-party sites received explicit permission of end users before using their computers to mine digital coins. But the antimalware provider went on to point out that coinhive.com remains active and continues to require no end-user notice at all. As the recent discovery of the Android apps and the more than 500 hacked websites makes clear, Coinhive continues to turn a blind eye to the abuse of its service in much the way adware providers did in the early 2000s.
It is recommended not to use mining pools which have a large part of the total network hash rate. The site Learn Cryptography has more information behind the risks of having pools grow to a size of 51% or more of the total network.
“Everything is kind of crazy right now because this just came out,” says Adam Kujawa, the director of Malwarebytes Labs, which does research for the scanning service Malwarebytes and started blocking Coinhive and other cryptojacking scripts this week. “But I actually think the whole concept of a script-based miner is a good idea. It could be a viable replacement for something like advertising revenue. But we’re blocking it now just because there’s no opt-in option or opt-out. We’ve observed it putting a real strain on system resources. The scripts could degrade hardware.”
Forecast doesn’t count increasing mining difficulty (and changing of block reward in some cases) over time, so on long period income in coins will be smaller than forecasted, may be ever much smaller!
Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. After the first ad, providers are welcome to use reddit’s advertising platform to continue to promote the service.
Within the hour, the State Department issued a statement insisting that Tillerson “had every intention of remaining” and “did not speak to the President this morning and is unaware of the reason.” CNN reported that Tillerson had received a call from White House Chief of Staff John Kelly on Friday night indicating that he would be replaced that did not specify timing; a senior White House official told the network that it was Trump himself who had suddenly decided to pull the trigger on Tuesday morning. Tillerson learned of his actual firing the same way everybody else did: By reading about it on Twitter shortly after 8:44 a.m. Eastern Time on Tuesday, March 13.
If you already have a gaming PC with a GTX 1060 (6 GB) graphics card or better, or the equivalent in AMD’s graphics cards, go for it! Just consider the electrical costs by calculating how much power your PC uses and how much your electricity company charges.
In the first months after the launch of Litecoin, most pools used a share difficulty of 2-16 or 2-15. They could have used even lower values, but there was no point in doing that. After GPU mining became widespread, most pools moved to higher difficulties, such as 2-12. The reason behind this was to decrease bandwidth usage, as a higher share difficulty results in fewer shares being submitted. While this change doesn’t affect mining rewards, there is a minor downside, and that’s that the precision of speed estimates gets drastically reduced.
Interestingly enough, the HappyChina mining pool was announced as a new operation in March of 2017. According to the reddit thread, HappyChina managed to lure some miners away from F2Pool once the pool opened its doors to the public. Some users claim HappyChina used to be a solo miner before, yet one user replied how the “company” is buying additional Antminer L3 hardware to keep growing the HappyChina pool.

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