Powershare (FIRE)

Crowdfunding Mining

Review Score
3.95/5
ICO Price
0.040102 USD
0.00023 ETH
Pre ICO Price
N/A
Soft Cap
16,625 ETH
Hard Cap
66,500 ETH
Start Date
1 August 2018
End Date
30 January 2019

What is Powershare?

Browser-based cryptocurrency mining is the method of cryptocurrency mining that is executed inside the browser with the help of Java Scripts [10]. It was first used in May 2011 by bitcoinplus.com [11] – “It used JavaScript code for pooled mining, and website owners could sign up to the service and embed these scripts into their web pages to make page visitors mine for them” [12]. At that time the Price of Bitcoin was edging towards its first notable peak of 30 USD, and the difficulty levels were comparably low as ASIC miners had not yet been introduced. However, the fundamental problem of the innovative concept was the amount of reward generated by mining, and the project was soon declared dead. The first revival of browser-based cryptocurrency mining was in December 2013, when a group of MIT students introduced Tidbit, which was supposed to create an alternative stream of revenue for web pages. Soon after its launch this project was closed as it was prosecuted by the New Jersey Division of Consumer Affairs on charges of accessing “New Jersey computers without user’s knowledge or consent”. Despite these past failures, Coinhive released browser-based cryptocurrency mining scripts in September 2017. The biggest difference from its predecessors was that Coinhive script was created to mine Monero (XMR), instead of Bitcoin. In other terms the method is more or less similar to Bitcoinplus.com and Tidbit. The main reason why Coinhive succeeded was the surge in the cryptocurrency markets in 2017.

Information displayed on CoinCheckup can be updated by the respective ICOs and/or Crypto representatives and does not present the opinion of CoinCheckup.com and/or the CoinCheckup team.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.