Coinhive Shutters Due to Drop in Crypto Value | Avast

In a blog post this week, the in-browser Monero mining service Coinhive announced it would discontinue service on March 8, 2019. “Some of you might have anticipated this, some of you will be surprised,” the post begins. It then goes on to explain how the “project” is no longer economically viable, citing “the ‘crash’ of the cryptocurrency market with the value of XMR depreciating over 85% within a year.” That, plus an algorithm update that increased difficulty in mining Monero, clarified for the company that it could no longer continue.

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