It seems that there is an interesting new cryptocurrency called JSEcoin that is targeted at offering webmasters a different way to monetizing their website traffic. Essentially allowing visitors to the website to mine the cryptocurrency with the help of small piece of javascript code embedded on the blog or website. The algorithm is not very heavy or demanding and the mining process itself does not seem to be taking too much CPU resources (it is CPU only), so the computer remains responsive and working just fine as if it is not calculating anything. This is making it pretty interesting for owners of big websites with more visitors, especially visitors that stay longer, but also makes it easy for regular users that are not yet into cryptocurrencies to actually get into mining this new cryptocoin as it only requires you to open a website and not do a lot of complicated stuff.
At the moment website mining is working and the platform is looking for website publishers that are interested in embedding the mining code to try it out (we are currently testing it here already). Investors are also welcomed with various options available for purchase of JSEcoins at a rate of $1 USD per JSE. Unfortunately there is currently no way to cash out your JSE coins, this should be possible after a planned ICO for around Q2 2018, you will then be able to transfer JSEcoin to exchanges and swap for Bitcoin/USD etc. according to the authors of the project. The platform is currently being integrated with Metamask – a Chrome based wallet which facilitates Ethereum ERC20 transactions and can export private keys for offline storage. This should be released by the beginning of November 2017 and thus provide a wallet available to store coins outside of the JSE platform.
So what is the total amount of possible earnings per day? 1440 coins are currently being distributed to publishers and 720 coins for self-miners on the platform, so a total of 2160 new JSE coins per day are being generated with a bit over half a million coins in circulation already according to the developers of the project (from early September). Out of those tokens 100,000 have been retained by the company and another 400,000 are for the co-founders of the project, so the actual number of coins in circulation in the hands of users is really just a few tens of thousands. According to the whitepaper the Minimum Final Distribution is going to be 10,000,000 and the Maximum Final Distribution: 100,000,000.
The answer to the question is it risky is yes, it is, but then again early adopters do have the chance if things pick up to get a much higher reward for being there right from the start. Our recommendation is just to give it a go and see for yourself, mining locally or through your own website or blog. We are not giving you investment advice here, this is for you to decide, but as far as mining goes you should go and give it a try for sure.
