A browser-based cryptocurrency miner that utilizes CPU resources to mine Monero coins, allowing website owners to embed the miner on their sites to generate revenue.
Crypto-Loot is a browser-based cryptocurrency miner that utilizes a computer's CPU resources to mine Monero (XMR) coins while a user is browsing a website. It was launched in September 2017 and quickly gained popularity among website owners and publishers as a way to monetize site traffic through cryptocurrency mining rather than ads.
The Crypto-Loot script allows website owners to easily embed the miner on their sites. When visitors browse the site, the miner utilizes spare CPU capacity on their computers to mine Monero coins which are rewarded to the website owner. Many consider it a simpler yet controversial alternative to display ads. The miner runs until the browsing session ends.
While Crypto-Loot does not require the user's explicit permission, website owners are expected to disclose the miner's presence. Critics argue that unsuspecting users may not be aware their devices are being used to mine cryptocurrency. There are also concerns around the strain on battery life and hardware from extensive mining activities.
Usage of Crypto-Loot surged in late 2017 and early 2018 amidst rising cryptocurrency prices but has declined since as ad blocking and anti-mining tools have become commonplace in browsers. It remains in use on some sites as an alternate monetization model but faces ongoing criticism over transparency and ethical mining practices.
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