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Genesis Mining VS Coinhive

Compare Genesis Mining VS Coinhive and see what are their differences

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Genesis Mining logo Genesis Mining

Genesis Mining is a large cloud mining company and hashpower provider for Bitcoin and Altcoins.

Coinhive logo Coinhive

Coinhive offers a JavaScript miner for the Monero Blockchain that you can embed in your website.
  • Genesis Mining Landing page
    Landing page //
    2023-03-14
  • Coinhive Landing page
    Landing page //
    2022-12-15

Genesis Mining features and specs

  • Ease of Use
    Genesis Mining offers a user-friendly platform that simplifies the process of mining cryptocurrency, making it accessible even for those with minimal technical expertise.
  • Diverse Mining Plans
    Genesis Mining provides a variety of mining contracts for different cryptocurrencies, allowing users to diversify their investments and choose plans that best suit their needs.
  • No Equipment Maintenance
    As a cloud mining service, Genesis Mining eliminates the need for users to maintain and manage physical mining hardware, saving time and effort.
  • Scalability
    The platform allows users to easily scale their mining operations up or down based on their investment and market conditions.
  • Transparency
    Genesis Mining is known for its transparent operations, including readily available information on data centers and monthly updates on company activities.
  • Security
    The platform utilizes robust security measures to protect users' data and investments, including advanced encryption and secure payment options.

Possible disadvantages of Genesis Mining

  • High Fees
    Genesis Mining charges significant fees for maintenance and service, which can affect the overall profitability of the mining operations for users.
  • Market Volatility
    The returns on mining contracts are subject to the volatility of cryptocurrency markets, which can result in unpredictable and potentially lower-than-expected earnings.
  • Fixed Contracts
    Users are tied into fixed-term contracts, which may not be flexible enough to adapt to rapid changes in the mining landscape or personal financial situations.
  • Payout Delays
    There have been occasional reports of delays in payout distributions, which can create uncertainties for users relying on timely income from their mining activities.
  • Limited Control
    Users have limited control over the mining hardware and operations, which means they must trust Genesis Mining to manage the process efficiently and fairly.
  • Risk of Fraud
    While Genesis Mining is a reputable company, the cloud mining industry has seen its share of scams and fraudulent operations, which means new users must exercise caution and conduct thorough research.

Coinhive features and specs

  • Monetization
    Coinhive allowed website owners to monetize their websites through cryptocurrency mining, providing an alternative to traditional ad revenue.
  • No Ads
    By using Coinhive, website administrators could offer an ad-free experience to their visitors, improving user satisfaction.
  • Crypto Mining Integration
    Coinhive provided an easy way to integrate crypto mining into websites, requiring minimal technical knowledge from webmasters.
  • Passive Income
    For website visitors, Coinhive offered the possibility to support their favorite sites passively without making direct donations.

Possible disadvantages of Coinhive

  • High CPU Usage
    Coinhive often caused significant increases in CPU usage for end-users, leading to slower performance and potential overheating issues.
  • Privacy Concerns
    There were concerns about user privacy, as Coinhive mining scripts could run without explicit user consent, essentially using their resources without their knowledge.
  • Browser Security
    Due to its nature, Coinhive scripts sometimes triggered security warnings and could be blocked by ad-blockers or antivirus software.
  • Public Perception
    Coinhive gained a negative reputation as it was frequently associated with malware and unethical mining practices, damaging the trust and reputation of websites using it.
  • Legal and Ethical Issues
    Without user consent, the use of Coinhive scripts could be considered illegal or unethical, leading to potential legal ramifications for website owners.

Analysis of Coinhive

Overall verdict

  • Overall, Coinhive was not considered a good practice due to its potential for misuse, lack of transparency with users, and the ethical concerns it raised regarding consent and resource exploitation. The service was discontinued in 2019, but during its operation, it was generally seen as controversial and problematic within the cybersecurity and web user communities.

Why this product is good

  • Coinhive was a service that allowed website owners to monetize their content by using visitor's CPU power for mining cryptocurrency, specifically Monero. While this might seem like an innovative way to generate revenue without ads, it raised significant ethical and technical concerns. Many websites implemented Coinhive without informing users, leading to unauthorized use of computing resources, increased power consumption, and degraded device performance. Furthermore, it quickly became a tool for malicious actors who inserted the script into compromised websites or distributed it through malware, effectively hijacking users' computing power without consent.

Recommended for

    Given its history and the ethical concerns associated with its use, Coinhive—or similar mining scripts—would not be recommended for legitimate websites seeking monetization methods. It's crucial for website owners to seek transparent and ethical monetization strategies, ensuring users are informed and consent to any use of their resources.

Genesis Mining videos

+ Add

Genesis Mining profitable 2021 Review - My experiences

More videos:

  • Review - Cloud Mining A Scam? $5,000 & $40,000 Invested In 2017 | Genesis Mining Review
  • Review - GENESIS MINING - Is It PROFITABLE Again?

Coinhive videos

+ Add

Mining Dengan Webiste Coinhive Review 1JT PERHARI! [Indonesia]

More videos:

  • Tutorial - Try It Free - How To Cloud Mining Coin XMR COINHIVE [Review]
  • Review - 🔴 Crypto Mining with Google Tag Manager? Cryptojacking and Coinhive

Category Popularity

0-100% (relative to Genesis Mining and Coinhive)

Genesis Mining

Coinhive

Cryptocurrencies
60 60%
Cryptocurrencies
40% 40
Bitcoin
60 60%
Bitcoin
40% 40
Business & Commerce
46 46%
Business & Commerce
54% 54
Mining
70 70%
Mining
30% 30

User comments

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What are some alternatives?

When comparing Genesis Mining and Coinhive, you can also consider the following products

NiceHash - Bitcoin Cloud Mining

MinerGate - Start mining effectively with your computer or smartphone. Squeeze the most profit automining coins with the highest rates.

CoinImp - JavaScript minining solution for webmasters.

Cudo Miner - Mining crypto on Windows, Linux, Mac made easy 🤑

JSECoin - Now anyone can mine cryptocurrency in a web browser

WebMinePool - WebMinePool is one of the versatile cryptocurrency mining platforms that allows you to monetize your sites and application with JavaScript mine, which is designed for professional traders or investors.

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