As I have mentioned the reasons why mining a bitcoin is not benefical now ?In that one reason was there that we have to setup specialized hardware for mining bitcoin that is too costly & other was after setting up it uses lot of electricity as it is a high performance computing system & later on maintenance cost of that computing system is also very high. All this cost more than than the value of bitcoin mined during a time period. Mining bitcoin had become so inefficient because sufficient bitcoins are there in supply already so the generation of new bitcoin is very slow now. This not only apply to the bitcoin but it applies almost to every type of cryptocurrency available today in the market.
So to overcome the above mentioned problem some tech firms had come with the concept of cryptojacking. This is a new concept in the way of free internet access. You maybe knowing that for a app, website or blog survival it is necessary that it earns some money to the owner otherwise there is almost no one who like to do all these hard work for free. You may be also knowing that these online materials earn through showing adds, affiliate marketing, paid views. But cryptojacking is the new way to earn money from online materials. This has been already adopted by many firms. Many online services which use cryptojacking are able to provide ad free experience because they are running on the concept of cryptojacking and they make money by using this concept only. Some firms uses cryptojacking and also shows ads to make more money
.CRYPTOJACKING = CRYPTO + HIJACKING
CRYPTO here represnt CRYPTO CURRENCY.
HIJACKING if done to a electronics device then it is is known as HACKING.
Simply if you visit any online source or apps & that firms practices the concept of cryptojacking then it will temporarily hack your PC as long as you stay on site or make use of that app for mining cryptocurrency for the site owners. You can carry out your work normally on that website or app cryptojacking will be done in background. After you are hacked your computer system power will be used by site owners to mine the cryptocurrency for them. This is usually done by hiding a special type of java script in the coding of a website or apps.
If you visit or use source that make use of CRYPTOJACKING then you may notice following things in your computing systems:
If you notice the above mentioned symptoms while visiting any site or app then most probably you are cryptojacked & someone else is making money from your computer system. Recently many torrent & porn site were reported that they use the concept of cryptojacking. But in reply these firm said that they wanted to provide visitors a ad free experience so they used this concept.
I personally don’t think that cryptojacking is better alternative to the advertisement because cryptojacking are having the potential that may damage your computing systems physically. So I am in the support of typical advertisement way for now. I know advertisements are quite annoying but they are still better than the cryptojacking.
You can download many software available in the market that prevent cryptojacking or simply you can disable java scripts on your browser as we have seen earlier that cryptojacking is usually carried out with the help of java scripts. You can check for the above mentioned symptoms of a website to know whether it uses cryptojacking or not. If website uses cryptojacking then it will be able to temporarily mine the coins but if a app is making use of cryptojacking then it can constantly use power of your computing system to mine thecryptojacking & that will be very harmful also. So always install apps from trusted sources only & always have eyes on the above mentioned symptoms.
