– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details of Monero cryptocurrency, because "it is no longer economically viable." The fact that the service will be closed was reported on the company's official blog at the end of February. Today, the topic of closing has become more urgent and interesting than ever, because very soon Monero is waiting for hardforkHardfork
– a fundamental change in the source code, incompatible with the old protocol and the used software.Details.
Interesting in the section: Hardfork, softfork or division of blockchain of cryptocurrency
On March 8, the mining service will completely stop its work. Although many are confident that this popular for many hackers miner will go into "shadow mode".
The technology of writing scripts for mining has now become available to everyone. Thanks to modern browsers, mine crypto via the CPU can be done independently – most likely this was the main reason for the closure.
The mining service blog has the following reasons for termination: "Hashing rates fell (over 50%) after the last Monero hardfork hit our system hard. The same thing happened with the "collapse" of the cryptocurrency market, when the cost of XMR depreciated by more than 85% during the year. This and the announcement of the March 9 update of the hardfork and the Monero network algorithm led us to the conclusion that we need to close Coinhive" – Coinhive blog.
Interesting in the section: Actuality and unique of Monero
Editor: Pereyidenko Ihor