For most online media companies and peer-to-peer sharing platforms, advertising revenue is their bread and butter. They don’t have the benefit of a tangible product that they can supplement their income with. However, people hate being constantly bombarded by ads and ad blockers are being used more and more. Could using the CPU of their users’ computers for cryptocurrency mining, mostly for Monero, be the future of online revenue?
How mining using another computer’s CPU works
Problems with the system
Firstly Coinhive’s script has been used to create viruses that trick people in mining Monero for them on their phones. At this point, only Android phones have been affected. Hackers created a link that claims that the user of the phone needs to verify their identity to use a certain app. They do this by solving a captcha, a relatively harmless thing that most internet users have to do about every day. However in this instance in the time that you are on the “verification” site, they are using your phone’s hardware to mine Monero without your permission.