Coinhive Mints Quarter Million Dollars in Monero a Month, Report Reveals

This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.

Тhe profitability of cryptocurrency mining is decreasing on the backdrop of this year’s persistently bearish markets but Coinhive seems to be doing pretty well. The browser-based miner has earned a quarter million dollars worth of monero in just one month, according to a new study conducted by German researchers.    One in Three Minted Coins Goes to Coinhive Developers Coinhive, the Javascript-based miner that takes away some of your CPU power to mine cryptos while you are browsing the web, remains very active. That’s one of the key findings in a report produced by academics from the Rheinisch-Westfälische Technische Hochschule Aachen, or the RWTH Aachen University in Germany. The software mints monero, a leading privacy coin whose struggle to remain ASIC-resistant has resulted in several forks this year. According to the study, the miner has generated 1,271 XMR, or approximately $250,000 worth of monero, during the observation period of four weeks this spring. At the current,