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Browser Mining Service Coinhive Will Be Closed

Liang CHE

Summary: According to cryptoglobe.com, Coinhive is a cryptocurrency mining service within the browser, and recently announced that it is closing various updates to Monero (XMR).The decline in the hash value of the privacy-centric cryptocurrency network and the fall in prices are alleged behind the decision. After the last Monero hard fork, the hash rate drops (more ...

According to cryptoglobe.com, Coinhive is a cryptocurrency mining service within the browser, and recently announced that it is closing various updates to Monero (XMR).The decline in the hash value of the privacy-centric cryptocurrency network and the fall in prices are alleged behind the decision. After the last Monero hard fork, the hash rate drops (more than 50%). The same is true of the “collapse” of the money market, where the value of XMR has depreciated by more than 85% in one year.

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