Quote from: Anon136 on September 21, 2017, 11:30:24 PM

Quote from: lethos3 on September 21, 2017, 04:35:45 PM

https://cryptofundamental.com/are-webminers-the-microtransaction-dream-realized-bd0e472ea7b0

I think we've got a killer app on our hands, this will disrupt so many aspects of the web from ads to captchas. It will be pretty ironic that Monero will accomplish mass adoption by these means when shitcoins like ethereum tried everything with their smart contracts and it was Monero and the vilified PoW that made mainstream with solid utility.

I think this is hinting at something much deeper here. Something far more profound. Yea yea monetizing websites without add blocker. Don't get me wrong that is cool. But did he just say practical micro-payments!? By doing proof of work for the benefit of someone else you can send small amounts of value to anyone you want for any reason you want for ~0 transaction cost. The scope of this surely must be greater than the article alludes to.

It's far from ~0 transaction cost, they skim 30% of the hashes.

Quote

Fair Payouts

We pay per solved hash. The payout rate is adjusted automatically every few hours based on the global difficulty of the network and the average reward per block. The payout rate is calculated like this:

(/) * * 0.7

With the current network difficulty of 28.963G (updated Sep 19, 2017 - 19:39:40 GMT) and average block reward of 6.82 XMR:

(/28962598531) * 6.82 XMR * 0.7 = 0.000165 XMR per 1M hashes

I.e. you get 70% of the average XMR we earn. Unlike a traditional mining pool, this rate is fixed, regardless of actual blocks found and the luck involved finding them. We keep 30% for us to operate this service and to (hopefully) turn a profit.

We try to run this service with as much transparency as possible. If your users solve hashes, you get paid. Period. The minimum payout threshold is 0.5 XMR (~$43).

Please understand that we are still testing the waters. At the moment all payouts have to be approved manually from our side, but we promise to do so at least once a day. We will offer automatic payments down the line, once we have determined that our systems are stable and sound.

I find it hilarious they captioned this "Fair payouts"