Topic: [2017-10-14] Research Shows Half a Billion People Are Mining Cryptocurrencies Wi (Read 310 times)

I guess there's a reason "research" from marketing departments of corporate companies shouldn't be taken too seriously. Then again, a lot of the ones coming from academia aren't that much more solid. There's still that desire to sensationalise Bitcoin and crypto in terms of profit, I guess. I think we'd all be surprised to find out how many companies will cough up $18 to pay for an Adguard annual license just so that evil websites don't steal their CPU to mine crypto!

Was this "three-week period studied" in 2012 or something?  If those figures were accurate, I can only assume their research began several years ago before dedicated chips were a thing.  In the time that Botnets were still prevalent, sure, I can see mining scripts being a tidy little earner.  If they're talking about Bitcoin, they must mean the coins that were attained in years prior to this are now worth $43,000 since that's the only way this could make any sense.  Nowadays?  Those figures have to be either a miscalculation or a work of fiction.  What CPU-mineable altcoins are that profitable?

I call bullshit on that one,to earn 43.000$ in three weeks a site has to be earning 2.000$ a day
it has to have average audience of at least 100.000 visitors and the victims must  stay on the site long enough to generate any sort of income
means each and every visitor ,assuming there are 100.000 of them daily,is earning 2 cents for the site
if you check the most profitable mining algorythms with Nicehash miner,most of the CPU's are not even close to
achieve 2$ A MONTH profit,gross around 4-6$,with a few exceptions:Ryzen and I7 cpus
i.e. an average cpu is generating 18-20 cents per day continuously mining with a standalone miner,utilising resources in full,which is not even 2 cents per hour!
and 100.000 visitors a day sites are rare,so there is something intrinsically wrong with their calculations

I'm taking this with a grain of salt. A tiny, tiny grain, however, as I'm pretty sure the basic research is solid on numbers affected... but they are probably way off in the estimation of profits.

If each site is earning $43,000 in the three-week period, that's an average of more than $2,000 per day. Coinhive and JSE keeps 30% of the revenue, so each earns about $865 per day per site. 220 sites = more than $190,000 daily. That's only the sites they discovered.

If this were accurate, they put actual miners to shame.

The company behind the ad blocking program Adguard has analyzed the most popular 100,000 websites for cryptocurrency mining scripts. They found that over 500 million people have been mining cryptocurrencies and “they have no idea it is happening.” Each website running the script earns an estimated $43,000 within the three-week period studied.

Over Half a Billion People Affected

Adguard, which produces an ad blocking program with the same name, recently analyzed websites for cryptocurrency mining scripts following the news that some of them have been using their users’ browsers to mine cryptocurrencies. The top 100,000 websites as ranked by Alexa were inspected. Co-founder and CTO Andrey Meshkov shared his company’s findings on Thursday.

“We looked for the codes for Coinhive and JSEcoin, the most popular solutions for browser mining in use now,” Meshkov wrote. The analysis revealed that 220 of these websites have been using crypto-mining scripts. The four most targeted countries are the U.S., India, Russia, and Brazil.

Meshkov detailed:

        "We found 220 sites that launch mining when a user opens their main page, with an aggregated audience of 500 million people. These people live all over the world; there are sites with users from the USA, China, South American and European countries, Russia, India, Iran… and the list goes on."

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