Salon, a popular US online magazine, is the latest company to hop onto the cryptocurrency mining bandwagon. Visitors on the publication's website are now prompted to either disable their ad-blockers for the right to read articles or alternatively, select the new "Suppress Ads" option to "block ads by allowing Salon to use your unused computing power" to mine cryptocurrency, reports Fortune.
Salon, according to its website, states that it makes its money off of advertisements, but because more and more readers are now using ad-blockers, it has seen a large drop in revenue. Cryptocurrency mining is its way of recuperating those losses.
"Like most media sites, ad-blockers cut deeply into our revenue and create a more one-sided relationship between reader and publisher," Salon says. "For our beta program, we'll start by applying your processing power to mine cryptocurrencies to recoup lost ad revenue when you use an ad blocker. We plan to further use any learnings from this to help support the evolution and growth of blockchain technology, digital currencies and other ways to better service the value exchange between content and user contribution."
If you choose to opt in, Salon says it will use a small portion of your computer's spare processing power to mine the cryptocurrency Monero and it notes that you won't have to install anything on your computer in order to let this happen. The site also says that it won't have access to anyone's personal files or information if they choose to opt in.
Salon's mining efforts are powered by Coinhive, which created these sorts of scripts for exactly this reason. The Pirate Bay tried using it to generate ad-free revenue last year. However, while Salon is giving users an option to give up their computers to crypto mining, Coinhive's scripts have been previously slipped into other unsuspecting sites. Showtime, Politifact and a slew of government sites have all unknowingly hosted the cryptocurrency miner in the past.
Media outlets have consistently said they're losing money from ad-blockers, and if Salon's test is successful, more might follow its lead. If you agree to let Salon mine Monero with your computer, that setting will be good for up to 24 hours. After that, it will again prompt you to choose between your ad-blocker and the miner.
Original article here: http://www.aimhighwithvanicci.com/us-online-magazine-salon-com-wants-to-use-its-readers-computers-to-mine-cryptocurrency/
*Featured Image via The Digital Reader
Let me know what you guys think in the comments below 😀👇
Very good idea, it would be an alternative to traditional advertising revenue. this will legitimize and democratize altcoins a little more.
well said @imokrane :)
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