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Mind Of Mav

What is Browser-Based Crypto Mining? 

 

Browser-based cryptocurrency mining is a process in which a website visitor’s computer is used to mine cryptocurrency. This is typically done through the use of a JavaScript script that runs in the visitor’s web browser. Browser-based cryptocurrency mining dates back to 2011 when BitcoinPlus.com launched its then-innovative service.

The script uses the processing power of the visitor’s computer to solve complex mathematical problems, which are required to confirm transactions on the blockchain (a decentralized, distributed ledger that records transactions). In exchange for contributing their computing power to the network, the visitor is typically rewarded with a small amount of the cryptocurrency being mined.

One of the main benefits of browser-based mining is that it allows anyone with a website to monetize their traffic without the need to create and maintain their own mining infrastructure. However, it also has the potential to negatively impact the user experience, as it can significantly slow down the visitor’s computer and use a lot of their battery power.

It’s important to note that browser-based mining is generally considered to be less profitable and less secure than other types of cryptocurrency mining, such as mining with specialized hardware or through a mining pool. As such, it is not a common method of mining and is generally only used by smaller websites or as a means of supplementing other forms of revenue.

Monero is an example of a cryptocurrency that enables browser-based mining. Monero uses the RandomX hash function, a hashing algorithm used for certain PoW blockchains like Monero.

Designed to be application-specific integrated circuit (ASIC)-resistant, RandomX uses random code execution and memory-hard techniques. This means that Monero’s PoW algorithm specifically prevents specialized mining hardware, like ASICs and graphics processing units, from dominating the network. RandomX is purposely optimized for general-purpose CPUs in the hopes of maintaining a more decentralized network and equal block reward distribution.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

 

 

Move Your Mouse Over Charts Below For More Information

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