Generating Bitcoins using Online Ads

August 2013 · 2 minute read

After reading about using online ads to launch a javascript based DDoS attack I started wondering about how well such a system would do at mining bitcoins. These are my rough calculations.

From my research I’ve found there are 3 ways to mine bitcoins(compute hashes) using Javascript:

I based my numbers on this implementation: (http://bitcoin.biniok.net/gl.html) running chrome on a pentium 4. The rates are averages over 5 seconds.

I’ll show the math for WebWorkers since they have pretty decent support.

So lets say that we want 1 Million computers calculating hashes using webworkers at a rate of 13000 hashes/s. If we assume that each ad view results in 5 seconds of computing time then we can calculate the required number of ad views like:

(2 592 000(seconds in month) / 5 (seconds per ad view)) * 1 000 000(number of computers required at any time)
 =
518 400 000 000(number of ad views required month)

Using this bitcoin calculator we can see that our distributed system will earn us 6326.96 USD a month negating all costs.

final numbers: 5 Billion pageviews 6000USD

So unless you can really crank up the hash rate this endeavor isn’t going to facilitate early retirement.