Coinhive announced to close down in March
Coinhive, a well-known online mining provider, has attracted a lot of attention since its launch in September 2017, but now Coinhive announced that it will close its service. This online mining technique only needs to add a specific mining script to the webpage, and the loading script uses the processor resources for mining when the user browses the webpage. Even today, Coinhive’s online mining is still very popular, although it may not be as high as people think from a revenue perspective.
Coinhive is on the line with the bull market, so attracting a lot of developers is, of course, the concern of hackers. This kind of benefit is relatively less harmful. The original Pirate Bay download station was the first to use the Coinhive script on well-known websites. Since then, more and more websites have begun to follow the Pirate Bay for online mining. But the next step is that hackers use automated scripts to attack a large number of websites, and the more visitors who run mining scripts, the more benefits they bring to hackers. Now every browser has a special mining script blocking tool, and some ad blocking tools will also automatically intercept online mining scripts such as Coinhive. Now Coinhive announced that it is about to close.
When the price of Monero is soaring, the online mining business is still profitable. Now, the entire currency is in a bear market. Monero is down 85% from the peak price. Even if you can dig out the Monero, you can get a low profit. In addition to hackers who profit from large-scale intrusion into websites through illegal means, it is actually very difficult for normal websites such as Pirate Bay to make mining profits.
Coinhive said in the blog that the mining script stopped working on March 8 and will not continue to call the CPU for mining even if the user loads normally. The Coinhive mining control panel is still accessible before April 30 and can be paid if the miner’s balance is greater than the minimum payment limit.
