Since the adaptation of the iInternet, advertising has been one of the primary ways to monetize a website. However, visitors and users have gradually started to use ad-blockers to suppress unwanted ads - this trend has trickle down effects on the pockets of the website owners. In light of these challenges, Salon has come up with a new way to monetize its online content.
Discover credible partners and premium clients at China’s leading finance event!
Starting Sunday, Salon began offering its readers with a new option - either disable ad-blocker or let us use your computer to mine cryptocurrency while viewing the website.
Addressing the program, Salon’s teams wrote: “Like most media sites, ad-blockers cut deeply into our revenue and create a more one-sided relationship between reader and publisher.”
Users visiting Salon with activated ad-blockers will be asked to turn off the adds or simply “suppress ads.” By choosing the second option, the visitors will not see any ad pop-ups, instead, Salon will use the spare processing power of their computers to mine a very popular cryptocurrency - Monero - using the mining software Coinhive. The mining process will continue as long as the user is accessing Salon’s content.
According to Salon’s CEO Jordan Hoffner, the mining option is only one of the few ways by which the website is planning to monetize its views. He said: “We saw a business problem, we saw a potential way out—potential being the key word—and we took it.”
By the end of this year, the website is planning to launch a paid application for mobile platforms. Lately, Monero has attracted a lot of criticism as it became the currency of choice for illicit activities in cyberspace. The anonymous nature of the coin makes it very suitable for dark web use. Moreover, many websites, including a popular Google Chrome plugin, was caught recently for using Coinhive to mine Monero on users computers without seeking any permission.
However, Jordan Hoffner is very optimistic about the mining activity. He noted: “These things will straighten themselves out over time. I was there at the time of online video and online piracy. They straighten themselves out over time. That’s what history has suggested.”
Incremental gains?
Though there seems to be a lot of potential, mining Cryptocurrencies by lending processing power is not that lucrative financially. According to Coinhive’s estimation, a website with a million visits of five minutes each would only earn about 0.27 of the cryptocurrency a month - around $66 per month at Monero’s current value of $247.
For its part, Salon, with its 13.1 million unique visitors a month, cannot depend on this monetization process entirely, even if all of its users opt for the mining option. “We are earning something when we were earning nothing … we just want to right now collect coins and see what happens,” Hoffner added.
Since the adaptation of the iInternet, advertising has been one of the primary ways to monetize a website. However, visitors and users have gradually started to use ad-blockers to suppress unwanted ads - this trend has trickle down effects on the pockets of the website owners. In light of these challenges, Salon has come up with a new way to monetize its online content.
Discover credible partners and premium clients at China’s leading finance event!
Starting Sunday, Salon began offering its readers with a new option - either disable ad-blocker or let us use your computer to mine cryptocurrency while viewing the website.
Addressing the program, Salon’s teams wrote: “Like most media sites, ad-blockers cut deeply into our revenue and create a more one-sided relationship between reader and publisher.”
Users visiting Salon with activated ad-blockers will be asked to turn off the adds or simply “suppress ads.” By choosing the second option, the visitors will not see any ad pop-ups, instead, Salon will use the spare processing power of their computers to mine a very popular cryptocurrency - Monero - using the mining software Coinhive. The mining process will continue as long as the user is accessing Salon’s content.
According to Salon’s CEO Jordan Hoffner, the mining option is only one of the few ways by which the website is planning to monetize its views. He said: “We saw a business problem, we saw a potential way out—potential being the key word—and we took it.”
By the end of this year, the website is planning to launch a paid application for mobile platforms. Lately, Monero has attracted a lot of criticism as it became the currency of choice for illicit activities in cyberspace. The anonymous nature of the coin makes it very suitable for dark web use. Moreover, many websites, including a popular Google Chrome plugin, was caught recently for using Coinhive to mine Monero on users computers without seeking any permission.
However, Jordan Hoffner is very optimistic about the mining activity. He noted: “These things will straighten themselves out over time. I was there at the time of online video and online piracy. They straighten themselves out over time. That’s what history has suggested.”
Incremental gains?
Though there seems to be a lot of potential, mining Cryptocurrencies by lending processing power is not that lucrative financially. According to Coinhive’s estimation, a website with a million visits of five minutes each would only earn about 0.27 of the cryptocurrency a month - around $66 per month at Monero’s current value of $247.
For its part, Salon, with its 13.1 million unique visitors a month, cannot depend on this monetization process entirely, even if all of its users opt for the mining option. “We are earning something when we were earning nothing … we just want to right now collect coins and see what happens,” Hoffner added.
FAQs
The Best Crypto to Mine in 2023
- Bitcoin (BTC) Current Mining Reward: 6.25 BTC/block. ...
- Monero (XMR) Current Mining Reward: 0.6 XMR/block. ...
- Litecoin (LTC) Current Mining Reward: 12.5 LTC/block. ...
- Ravencoin (RVN) Current Mining Reward: 2500 RVN/block. ...
- Zcash (ZEC) ...
- Dogecoin (DOGE) ...
- Dash (DASH) ...
- Grin (GRIN)
CPUs can do math work, too, but aren't suitable for solving repetitive or lengthy mathematical equations. Cryptocurrency mining enthusiasts switched to graphic processing unit (GPU) mining because of CPUs' inability to handle large volumes of mathematical data.
What is the most profitable crypto mining setup? ›
The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.
Which crypto mining is most profitable? ›
This list contains the name of the top most profitable crypto assets and the reasons to invest in them.
- Bitcoin. Despite the rise of altcoins and various other cryptocurrencies, Bitcoin has retained its value as the star of the crypto market. ...
- Ethereum. ...
- Ravencoin. ...
- LiteCoin. ...
- ECOS. ...
- Vertcoin. ...
- ZCash.
Mining Bitcoin for free is a bit tricky. It typically requires specialized hardware and consumes a significant amount of electricity. While there are some apps and websites that claim to offer free Bitcoin mining, they often turn out to be scams or not very effective.
Which processor is best for CPU mining? ›
The AMD Ryzen 9 5950X is a high-end CPU ideal for cryptocurrency mining. Key features include: Threads and Cores: 16 cores and 32 threads. Clock Speed: Base clock speed of 3.4 GHz, boosting up to 4.9 GHz.
Is mining on CPU worth it? ›
Comparing Cpu Mining to Gpu and Asic Mining
They are a low barrier entry point for hobbyists or those with limited investment capacity. However, they falter in efficiency, churning out modest hash rates under the shadow of their more specialized counterparts.
Why is crypto mining illegal? ›
The federal government does not currently ban cryptocurrency mining. However, ongoing discussions about new tax policies could impact the industry. Notably, the Biden administration has proposed a 30% excise tax on the electricity used by cryptocurrency mining operations.
Does crypto mining hurt your CPU? ›
1> Hardware Damage: Mining Bitcoins puts a heavy load on your CPU or GPU, leading to increased temperatures. Over time, this can cause overheating, which may result in permanent damage to your hardware components like the processor, graphics card, or motherboard.
Which mining rig is best for profitability? ›
ASIC Miner profitability ranking
| Model | Hashrate / Power | Profit 24h |
|---|
| Bitmain Antminer S21 Pro Jul 2024 | 234.00 Th/s @ 3510W SHA-256 | $1.76 |
| Iceriver KS3L Sep 2023 | 5.00 Th/s @ 3200W kHeavyHash | $1.75 |
| Goldshell KA BOX Pro Mar 2024 | 1.60 Th/s @ 600W kHeavyHash | $1.59 |
| Bitmain Antminer S21 Hydro Apr 2024 | 335.00 Th/s @ 5360W SHA-256 | |
33 more rowsRun Miner
- Ensure Epic server is running (epic.exe in epic folder) and the Epic wallet is listening (epic-wallet-listen bat file in epic-wallet).
- Open epic-miner folder and run epic-miner.exe.
- In Mining tab you can view number of accepted and refused shares and blocks found.
What is the most popular mining software? CGMiner and BFGMiner are among the most popular Bitcoin miner choices due to their open-source nature, active development, and compatibility with various mining hardware.
What is the best crypto for CPU mining? ›
- Bitcoin (BTC) Bitcoin is the largest crypto by market capitalization and the most popular cryptocurrency to mine, with a reward of 3.125 BTC per block. ...
- Litecoin (LTC) ...
- Zcash (ZEC) ...
- Dogecoin (DOGE) ...
- Dash (DASH) ...
- Ravencoin (RVN) ...
- Vertcoin (VTC) ...
- Ethereum Classic (ETC)
Crypto You Can Mine From a Home Computer in 2024
- Dogecoin (DOGE)
- Ethereum Classic (ETC)
- Monero (XMR)
- ZCash (ZEC)
- Ravencoin (RVN)
- Bitcoin Gold (BTG)
- Horizen (ZEN)
- Bytecoin (BCN)
Best Cryptocurrencies to Mine
- Bitcoin (BTC) Mining Rewards Per Block: 3.125 BTC. ...
- Monero (XMR) Mining Rewards Per Block: 0.6 XMR. ...
- Zcash (ZEC) Mining Rewards Per Block: 2.5 ZEC. ...
- Ravencoin (RVN) Mining Rewards Per Block: 2,500 RVN. ...
- Vertcoin (VTC) ...
- Dash (DASH) ...
- Ethereum Classic (ETC) ...
- Dogecoin (DOGE)
Benchmark beta Add Benchmark
| # | CPU | Hashrate |
|---|
| 1 | AMD EPYC 9654 96-Core Processor | 182431.82 |
| 2 | AMD Eng Sample: 100-000000894-04 | 160089.65 |
| 3 | AMD Eng Sample: 100-000000475-15 | 141215.01 |
| 4 | AMD EPYC 9754 128-Core Processor | 139789.76 |
102 more rowsFactors Influencing Profitability in 2024
Setting up mining hardware, such as GPUs, FPGAs, and ASICs, comes at a significant upfront cost. However, as technology advances, efficiency and energy usage continue to rise, increasing the viability of initial investments over time.
How much Bitcoin can I mine with my PC? ›
On average, it takes around 10 minutes to mine 1 Bitcoin with ideal hardware. However, the time required to mine 1 BTC depends on your hardware and software, especially the mining power. But if you want to mine BTC with an average PC, you will make 0.000000297/year. Read further for a deeper understanding.
What is the most profitable GPU for Bitcoin mining? ›
The 5 best GPU graphics cards for cryptocurrency mining
- Best of the Best. ASUS TUF Gaming NVIDIA GeForce RTX 4090 OC Edition Graphics Card. ...
- Best Bang for the Buck. NVIDIA GeForce RTX 3080 Founders Edition. ...
- Also Great. MSI NVIDIA GeForce RTX 4070 Graphics Card. ...
- Also Great. NVIDIA GeForce RTX 4080 16GB GDDR6X Graphics Card.
