Is mining Bitcoin on customer machines a financially viable plan?
I don’t know if this is the right place to post, but since my post was removed from Reddit…
I am currently exploring an idea on which I would like to gather your insights and opinions. The idea involves offering services in exchange for light mining Bitcoin on users’ devices, rather than relying on direct payments or advertising. I wonder if this could be a viable and ethical alternative to traditional monetization.
Advantages:
Earn money without direct costs: Users can enjoy the benefits of your services without paying out-of-pocket or being exposed to intrusive ads.
Consent and transparency: The idea is to obtain explicit consent from users while ensuring full transparency about how computing resources are used.
disadvantage:
Risk of negative perception: User response is a major concern, trying to understand whether your idea will be well-received or not.
Man-machine capabilities: Man-machine capabilities are the second major concern.
My questions:
Legality and Ethics: How do you perceive the idea of using users’ computing resources for light Bitcoin mining in exchange for services? Is it ethical and legal as long as consent is obtained?
User Perception: Do you think users will feel comfortable with the idea of their devices being used for mining, even if they are lightweight?
Technical complexity: What are the key technical complexities involved in implementing this approach while maintaining a satisfactory user experience? Is it possible to mine about $10 a month on a personal computer?
I am open to your suggestions or criticisms in this area.
I have limited knowledge about mining and I am a developer so please be specific.
Thank you in advance!