BitCoin mining by visiting your site!

[Owen Densmore]

I'm too noob to really understand this

    http://tidbit.co.in/

.. but I believe it uses a way of using visitors to your web site to mine BC for you.

Fascinating world BC is throwing us into!

I used to think we should give away inexpensive computers to folks if they could care for them: power, internet, and a small partition for our use. Creates a sort of p2p Amazon Web Services.

This clearly is a nice variation on the theme, which for them draws customers who want to remove adds from their site and instead borrow computrons from visitors.

   -- Owen

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[Marcus G. Daniels]

On 02/17/2014 10:31 AM, Owen Densmore wrote:

I'm too noob to really understand this

    http://tidbit.co.in/

.. but I believe it uses a way of using visitors to your web site to mine BC for you.

They say 20k hashes/client.   For comparison, a small ASIC miner will do 500,000 times that a second. 
In a few months it will be almost another factor of 10 or so per unit cost.   That's a lot of customers, and ultimately a big waste of energy.

Marcus


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[Arlo Barnes]

As seems to be a theme with cryptocurrencies, I do not understand the details, but: some altcoin systems attempt to ensure that dedicated mining systems do not dominate the 'market', instead favouring CPU/GPU systems (how they ascertain what produced the hash, no clue). I wonder if they might be more useful for things like this?
-Arlo James Barnes

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