Coinhive Announced Will Shutdown Its Cryptomining Service


Coinhive the first & most known browser Monero (XMR) mining service announced will shutdown its service on March 8, 2019.

The reason given "it isn’t economically viable anymore", Because "The drop in hash rate (over 50%) after the last Monero hard fork hit us hard. So did the “crash“ of the crypto currency market with the value of XMR depreciating over 85% within a year. This and the announced hard fork and algorithm update of the Monero network on March 9 has lead us to the conclusion that we need to discontinue Coinhive."

Coinhive dashboard will still be accessible until April 30, So Coinhive users have until April 30, 2019 to withdraw their mining balances, if balance is above the minimum payout threshold.

Source: https://coinhive[.]com/blog/en/discontinuation-of-coinhive
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