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BITCOIN MINING WEBSITES The Future Of Website Monetisation? by Sebastiaan Deckers & Thomas Gorissen Sunday, June 5, 2011

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Page 1: Bitcoin Mining Websites

BITCOINMINING

WEBSITES

The Future Of Website Monetisation?

by Sebastiaan Deckers &Thomas Gorissen

Sunday, June 5, 2011

Page 2: Bitcoin Mining Websites

WHAT DOWE DO?

EnlightenedAdvertisingSolutions

Thomas Seb

JavaScript

and before

Sunday, June 5, 2011

Page 3: Bitcoin Mining Websites

•Digital Crypto Currency

•Open Source

• Peer-to-peer

•Decentralised

•Mineable

• Two years old

• Created by Satoshi Nakamoto

• buzzingly popular

• Kind of brilliant afaics ;)

is

ITCOIN

Sunday, June 5, 2011

Page 4: Bitcoin Mining Websites

• very simple

• regulated

• yet over the hill

ITCOIN

is not

Sunday, June 5, 2011

Page 5: Bitcoin Mining Websites

WHAT IS IT FOR?

“Trading”

BuyingSpendingEarningGifting...

Sunday, June 5, 2011

Page 7: Bitcoin Mining Websites

HOW CAN I GET BITCOINS?

• Buy with Paypal or your creditcard(current rate USD ~9.46 at mtgox.com)

•Mine bitcoins yourself with Mining-Software

• Have others mine bitcoins for you on your website with JavaScript. (e.g. bitp.it) or by using WebCL (e.g. kradminer.com)

Sunday, June 5, 2011

Page 8: Bitcoin Mining Websites

THE JS MINER• Simple script you load

• Turns visitors computing power into bitcoins

• JS is ferociously inefficient

• 5000 users/day staying 2 minutes on your site each = USD ~25.00/month with JS

• USD ~2,500/month with WebCLBitcoin Calculator

•Don’t worry, it will decrease

• Sustainable? Yeamaybe... perhaps

Sunday, June 5, 2011

Page 9: Bitcoin Mining Websites

IN ANY CASE...• Inform your users. Let them participate in earnings or

opt-out.

•Offer mining as alternative or complimentary to advertisement.

•Don’t mine on mobile devices. iPhone batteries suck hard enough already.

RESPECTFULMINING

Sunday, June 5, 2011

Page 10: Bitcoin Mining Websites

All money is a matter of belief.“ Adam Smith

Sunday, June 5, 2011