[smart (OP)]

Is it possible to let visitors of a website mine a cryptocurrency like Monero legally using javascript?

[RD]

Is it possible to let visitors of a website mine a cryptocurrency like Monero legally using javascript?

Why would visitors voluntarily be cryptojacked ?: what's in it for them ?.

[smart (OP)]

Why would visitors voluntarily be cryptojacked ?: what's in it for them ?.

I pay a fair amount of money for maintaining my websites operational. All the content I distribute over the web is free of charge. Would it not be fair to ask my visitors to support me by using their CPUs for cryptomining purpose? I agree thought that without their explicit consent this would be unfair. However, I would not call this cryptojacking when the end-user is willing to help.

 

[syhprum]

At what rate would you expect Crypto coins to be generated ie how many nano coins per subscriber hour ?

[smart (OP)]

At what rate would you expect Crypto coins to be generated ie how many nano coins per subscriber hour ?

I don't know. I guess only a small percentage of visitors would accept to mine coins by visiting a dedicated page on my server.

What I really want to know is how I may exchange Monero coins to canadian or usd dollars...

[chris]

Do you reckon we could make this a community venture and support the naked scientists that way? Perhaps create a bitcoin app and ask our community to participate and generate some funds for us...?

[RD]

... Perhaps create a bitcoin app and ask our community to participate and generate some funds for us...?

Recently I've seen software developers refuse to accept payment in bitcoin because it is so volatile ...


volatile bitcoin.png (33.76 kB . 879x750 - viewed 13149 times)

A PayPal donation-button looks like a better idea: people can donate with any bank card, or via PayPal.

Could offer via both PayPal + BitCoin , so people can donate either way. 

[evan_au]

Apparently, Korea is a major Bitcoin trading country, and the government recently banned trading in Bitcoins. This was suggested as a factor in the recent downturn in Bitcoin value.

Frankly, Bitcoins are bad for the world, due to the inefficiency of transactions - I heard that it takes about $5 of electricity to process one transaction, due to the phenomenal amount of electricity that is spent in Bitcoin mining. This is higher than fees charged by Credit Card companies! I heard it described as one of the most inefficient currencies...

So I do agree that asking people to donate is a sensible way to support a website, but I think that asking for donations in Bitcoins is a bad idea.

See: http://www.abc.net.au/news/2018-01-11/south-korea-flags-ban-cryptocurrency-trading-rattles-market/9322140

[wolfekeeper]

Provided you have a splash screen giving them the choice to not read your site and not mine that's probably legal.

Otherwise it's theft of electricity; I'm not sure whether in the UK that's considered hacking.

[lucky33]

Do you guys have any news in this thread? How is mining progressing now?