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Bitcoins have been mostly mined with a CPU. Now that Bitcoin mining with a GPU is 50-100 times faster and many large scale mining operations employ machines with at least 3 modern graphics cards each, jsMiner plans to revive the Bitcoin mining with a CPU market by creatively employing the same principle burried in the core of Bitcoin: distributed computing.
Webmasters, with no additional resources on their part, can run a serious Bitcoin mining operation with 1000s (if not 1000000s) of WebWorkers trying their best to mint the shiniest Bitcoins they can.
For this reason, visitors deserve to be treated humanely by making jsMiner opt-in.*
How does jsMiner work?
A clientID is generated upon signing up on bitp.it, which is associated with the webmaster’s Bitcoin wallet in the (still evolving) user control panel.
//end of reason why I link to bitp.it so late in the article* It’s not known if jsMiner/bitp.it code will be open source.
Update: jsMiner is open source
We live in a realm of magic and miracles made possible by technology. We have a virtual world built on top of the physical artifacts we create, and it controls most aspects of our life.
Computer science deals with creating this virtual world. Computer scientists are continuously building, improving, securing, and designing the virtual realm for all of us.
Due to the nature of their jobs, computer scientists are prolific in other sciences and fields ranging over economics, politics and philosophy.
What is Bitcoin?
Beyond the technical aspects of an extremely interesting system of applied mathematics, Bitcoin can be different things to different people. There are a lot of articles about Bitcoin and each author (including the Bitcoin crew) spins its meaning in their own way.
From our point of view, the Bitcoin technology was designed for webmasters to easily receive small amounts of money from visitors located all over the world, no matter where they are.
Bitcoin is represented by the BTC currency symbol, sometimes ฿
2011/5/25 exchange rate:
1.00 BTC = 8.20 USD
1.00 BTC = 5.80 EUR
Example of Bitcoin's transparency and standard privacy: http://blockexplorer.com/t/3jFFnduPzh