The thing is, the best GPU for mining isn’t going to be in most business machines, and most currencies need GPU architecture to be cost-effective in time to mine them. This is not the case for all cryptocurrencies though, but some can be just as efficiently mined by the CPU—this makes mining as a secondary revenue for your business quite possible. You undoubtedly have a website, and you’ve surely tried ads and other forms of monetization to supplement, but ads don’t work that well anymore—this is where CoinIMP can help.
Understandably, since every visit from any device will briefly contribute to a collective mining operation, you have a mostly unobtrusive form of monetization. CoinIMP can be applied to businesses of all size.
- Adblock Immune – Ad blockers prevent you from supplementing and monetizing your website, but CoinIMP is immune to such efforts, due to not being a standard web element that’s easily blocked or tracked down. Sure, some script control extensions may be able to disable it, but that’s only going to be from more advanced users.
- ASIC Prevention – You can rest assured these currencies and your mining efforts are protected from unfair ASIC (application specific integrated circuit) mining efforts, due to the constantly-shuffling algorithmic parameters of the hash challenges. Only CPUs can adapt to this, as ASICs are locked, hard-wired logic.
- Easy Trade – Easily trade in your tokens for fiat currency, without the need for complex wallet management. You have a private key, and there’s an established API for talking to standard pay-out services. This is something a lot of crypto doesn’t do well, and can be a discouragement to business-minded people who want no-nonsense financial solutions where possible.
- Referral Program – Increase your traffic and the value of your hashes through the referral program, which creates broader, shared pools. This is a clever approach to growing the community, though at this stage, it’s a new concept so how effective this well be is not yet determined completely.
As we said a moment ago, CoinIMP is free to join and use. Some unspecified percentage of mining efforts go back into funding the program, but it’s minor per unit. As the user base grows, the percentage per unit will likely decrease, if the designers are smart. Obviously, the higher traffic your site gets, the more beneficial this concept becomes. Regardless, you really won’t feel this cost, since it’s not coming out of your pocket.
CoinIMP will cost you nothing but the time to implement it, and that’s very easy to do.
Looking at the big picture, this is an interesting concept. The idea of a new form of unobtrusive monetization of web traffic is always something to be on the lookout for, given how ineffectual ads tend to be these days.
CoinIMP’s approach could be a new way to implement monetizing free-use services in the future, providing enough true-value cryptocurrencies can come around that make good use of the CPU versus the GPU. Of course, cryptocurrency software is one use of distributed CPU computing, and this could eventually turn users into an extension of cloud computing applications, in future.