Crypto Mining Scripts
The crypto mining script function was first introduced by Coinhive, a service that allows website owners to make use of their website visitors’ CPU to mine the Monero cryptocurrency. Coinhive introduced the crypto mining script as an alternative to placing ads on a website. Monetizing a website by placing ads can be an unprofitable exercise, because the majority of users on the internet have ad block. A crypto mining script gives a website owner an alternative means of monetizing their website, by making use of their visitors’ CPU to mine cryptocurrency, or in the case of Coinhive, the Monero cryptocurrency. However, there have been significant backlash towards the practice, because some website owners do not make it aware to their visitors that their CPU is being used to mine cryptocurrency. Furthermore, there is concern that if more websites begin using crypto mining scripts, having multiple tabs open while browsing the internet would quickly degrade a computer’s processing power. Crypto mining script blocker applications, similar to adblock, are now increasingly being introduced in order to combat the practice of crypto mining scripts.
It must be noted that Bitcoin cannot be mined using crypto mining scripts, because the process of mining Bitcoin requires far too much computational power. Instead, specialized mining hardware known as application-specific integrated circuits (ASICs) are needed to mine Bitcoin.