JSECoin is one of the most promising startups I have found recently in the Ethereum space. There are so many ways to monetise websites such as advertising, affiliate programs and now JSECoin. JSECoin looks at using a user's left over CPU power to mine and provide hash calculations for the network in a low power usage solution that won’t affect computer performance while also allowing the website publisher to earn JSE tokens for allowing the process to happen. These tokens can then be traded, once listed on an exchange, or sold for real world fiat currency.
It solves two real world problems, one being the electricity and power usage with mining on expensive rigs by instead mining in browser using idle over CPU power.
The other problem it solves is how website publishers can earn money from publishing content on a website. The small unobtrusive Javascript file triggers and loads the mining in the users browser when they visit a website that has the code embedded on it.
Overview/About the company
The company, based in the UK, only launched in August 2017 and only has just received its UK company status. JSECoin is in its pre-ico stage and offering investors a 1 JSE Token to 1USD exchange. I believe from what I have read as well the company still doesn’t have and Ethereum contract address either but are currently working on that.
Investing right now is highly risky but the benefits and overall company strategy of what they’re trying to achieve I believe is worth getting behind.
Mining
Since the company is block size at the moment is still so new and small, mining is highly profitable, with the worth of a JSECoin token being work $1USD at launch and potentially a lot more once network and platform grow over time.
If you have a website, earning from your traffic is relatively straight forward with a small Javascript embed file, similar to a Google Analytics embed code, added to your website to start the mining process from a user when they visit your website.
To get started with publishing mining, simply follow the instructions on the website to start mining with a website, grab the code that is required for each websites and embed that code into the website as per JSECoin’s instructions.
For people with good traffic and long visitor times per user, this mining will really supplement income on a website. It rewards content creators that have good sticky content that people come back for or stay for a long time.
If you don’t have a website, you can simply use the JSECoin website to mine manually from their mining setup page.
Sign up for an account, fill in your details and start mining in your browser itself.
Computers with faster CPUs from my experience perform much better in regards to hashrate (hp/s) output with Macbook Pro (Core i5 2.7Ghz) hardware doing much better than my PC (Core i5 3.3Ghz).
It will take less than 5 minutes to get yourself up and running.
Future
As mentioned before in this article, the company is still in its very early stages of development with a lot of changes and updates to come along. What they’ve achieved in their initial ‘beta’ is quite impressive and the idea and technology is sound and executed well.
The timeline for the next phases of the company look good with wallets and ICO preparation in the final months of 2017 and launch on exchanges in 2018.
My Investment
At this point in time in considering and initial investment of my own money for the exchange of JSE tokens to help the growth and marketing of the company in the pre-ico stages. Low entry point investment into the security.
I also plan in manual mining and testing out the platform as much as possible. I’ll be embedded the mining code onto as many websites as I own to see what kind of reward I’d get from browser based mining.
For anyone considering investing and putting time and resources into JSECoin, please make sure you do your own research and work out what is best for you and your financial situation. Investing this early in a startup is highly risky. Invest what you can afford and do your research.