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Before we get into a discussion about how to use Coinhive to monetize your content, let’s first discuss why website owners might want to use it instead of the tried-and-true method of online revenue generation: ads. The Rise of Ad Blocking Software that blocks online advertisements—usually referred to as an ad blocker—is rapidly becoming the standard. The total number of internet users in mid-2016 was estimated to be 3. Because most ad blockers are free and easy to install, there are no immediate downsides—and plenty of upsides—for their users.
Because the current business model of the internet is largely based on advertising, ad blockers and the apparent decreasing impact of regular online advertising are forcing advertisers to adapt or go broke. Brave automatically blocks ads, or at least replaces them with privacy-respecting ads. Brave also lets users fund participating websites by automatically allocating bitcoin donations based on the amount of time they spend on each site. Coinhive presents a more straightforward approach to content monetization.
The integration of the Coinhive script into a website gets the CPUs of cooperative visitors to mine Monero. Coinhive may allow a site to forego other monetization options such as ads, paywalls, donations, and subscriptions. Unlike a regular captcha, this mode is unable to distinguish humans from bots. However, it is effective at rate-limiting actions, and it represents a great DDoS or spam countermeasure. Provided the cost of the mining is higher than the reward for spamming, bots will have no economic incentive to target a website. As an automatically redirecting Proof-of-Work shortlink using the cnhv.
The number of required hashes will determine the degree of delay before the shortlink redirects, although the time value will vary according to the CPU power of users. Shortlinks are especially useful for sharing links over social media, particularly on Twitter due to its limited character space. Tip: The new Coinlink site allows anyone to earn XMR by creating and sharing a Coinhive shortlink. This mode is optimal for sites on which users spend a lot of time doing things such as browsing content, reading articles, watching videos, or playing games. Windscribe, a VPN service, uses Coinhive to let users earn account upgrades and bandwidth. The Defeating Aging site uses the web miner to generate charitable donations to the SENS Research Foundation.