http://www.tidbit.co.in/ is a proof-of-concept monetization scheme which replaces advertisements with mining bitcoins across client browsers
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@peteyreplies@sarahjeong Mining bitcoins in your browser probably costs more in electricity.
@nimbusgo @peteyreplies yeah the point is that it redistributes it to someone else without you actually handing over money directly
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@sarahjeong@nimbusgo right; it's supposed to be a loss for clients, because it's replacing or supplementing advertising/paywall subsidy -
@peteyreplies@sarahjeong I'm just saying it's a net loss across humanity. -
@nimbusgo@sarahjeong SUMMON THE METEORS -
@peteyreplies@sarahjeong I suppose if it's using node-cuda it would work well, but it's probably not.
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@sarahjeong@peteyreplies I know, they will reap the benefits, but it's a net loss. You pay more in electricity than the site gains in btc. -
@nimbusgo@peteyreplies transaction costs -
@sarahjeong@peteyreplies on the order of 100% transaction cost. I suppose the tradeoff depends on how much people value not seeing ads.
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@sarahjeong@JeremyRubin@peteyreplies but how much money? It seems to me that it's around 18 cents per million users per hour. -
@nimbusgo@sarahjeong@peteyreplies please look at my post in the HN thread, I address that (and more!)
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