This service wraps everything up nicely in an easy-to-use package for website owners and has injected new life into an idea that was long thought of as dead and buried. This is different compared to the more widely known file-based cryptocurrency mining approach which involves downloading and running a dedicated slottech bitcoin file. That service was in many ways remarkably similar to its modern reincarnation, Coinhive. It was just about possible to do some mining with home-grade hardware.
The reward was minuscule compared to the amount of bitcoin scripts and plugins cryptocurrency price power and bitcoin scripts and plugins cryptocurrency price required. The growing problem of profitability was made even worse by the increasing use of ASIC miners. The advent of ASIC miners dragged bitcoin mining out of the realm of home users and into an industrial age dominated by the massive mining farms that we are more familiar with today. Despite these setbacks, key lessons were learned.
The true power of this service came from scaling up and pooling the potentially massive combined mining power of masses of users with average hardware visiting a website. Fast forward to Septemberthe cryptocurrency landscape compared with had changed drastically. The market for cryptocurrency was extremely limited and illiquid, meaning that even if you got some, it was not easy to turn it back into fiat currency for spending. Together with the diversity of coins to choose from inthere was also now a diversity of coin reward mechanisms.