Cryptocurrency Mining

Cryptocurrency is the term given to currency such as bitcoin, ether, or any of the other digital currencies out there. So how does this work?

Cryptocurrency runs on what is called a blockchain, a ledger or document that is duplicated over networks of computers. As this is updated, it is made available to the holder of cryptocurrency. Every transaction is recorded of every cryptocurrency. The blockchain is run by miners. Their computers tally up the transactions. They update the transactions and also make sure of the authenticity of the information received. In payment, miners are paid fees for each transaction. The buyers and sellers agree on the value of the cryptocurrency as it fluctuates.

The transactions are made peer-to-peer without a mediator like a bank. The buyer and seller do not know who the other is, but everyone in the blockchain knows about the transaction as they are made public.

If I wanted to buy something that costs $10,000, and find a seller that accepts cryptocurrency, I would try to find out the current exchange rate get the public cryptocurrency address, say bitcoin, and we would stay anonymous to each other. I would then have my Bitcoin installed to his computer, say 10 bitcoins rated at $1000 each. My bitcoin client would sign the transaction with his private key. The transaction would be verified and transferred and recorded.

Cryptocurrency mining includes adding transaction to the blockchain and releasing new currency. They use special computers, hardware and software, to do this. Lately they’ve taken to using browsers and apps for cryptomining. There is a javascript that they can add to your website. Sometimes they will let you know they are using this, sometimes not. When it was first used it didn’t generate that much money for the miners but now that bitcoin rates have increased, it seems there has been another surge with it.

Coinhive is an alternative to browser ad revenue. They have a javascript for people to put on their website. They are using your computer to mine the bitcoin. Mining takes a lot of power so they look for other ways to use it. A good ad blocker can prevent you from using some of these types of sites. I just got the message from my adblocker when trying to get to It is used to mine a cryptocurrency called Monero. The owners of the site get 70% of the currency and Coinhive gets the rest. You may never even know it is taking place if you visit a site using this, except maybe your computer runs a little slower. Users with WordPress can even get a plugin for using Coinhive.

One month last year, Malwarebytes blocked 248 million attempts to borrow resources from the Coinhive script. Many of the sites using Coinhive are porn sites or heavily covered with ads anyway. A good antivirus or ad blockers can help. You can also turn off javascript from your browser. Download and use Opera which will block cryptocurrencies.

Coinhive cryptomining scripts were found recently in 19 apps in the Google Playstore. One of the apps had over 100,000 users. They have since been removed from the store.

Here are some of our source articles to find out more:

Need a small web site?

Have you ever wanted to learn how to code a website from scratch? A good starting point might be to go through a tutorial. Their homepage starts you with HTML. Currently the latest is HTML5. There are tutorials, references, and examples to get you started. Along with HTML, you should learn CSS (this stands for cascading style sheets) and is what gives webpages their style – color, fonts, and other design features.

The next recommendation is to learn JavaScript and jQuery. These are the basic essentials you need to make a nice looking website. Each page would be an individual and you would have to edit these pages themselves but it is a good starting point to get your feet wet.

This is fine for a simple site but you would need to go a lot further to make a dynamic site that uses a database. You might be better off calling a professional.

Some people like to play…

The Victor crew came across a link the other day. It sure was odd but there seems to be a weird looking head. So … we started to play with it. Just put your mouse on it and click and drag. Don’t freak out! It seems this is a site for developers to play with code. This is just one of the results.

We decided to see if there were any more strange new things. Here are a few more:

This is called “Something Weird”

Futuristic grid


A more useful Calendar Widget