Coinhive, the company behind an eponymous browser-based cryptocurrency miner, is closing its doors. The 18-month-old company will discontinue its service as of March 8, 2019. The company bills itself as a legitimate service for website owners implanted JavaScript uses the computational resources of the end user s machines to mine the Monero (XMR) cryptocurrency. The idea is to provide a monetization alternative to placing ads on a site; surfers are simply paying with their processing power instead of their eyeballs.
Source: https://threatpost.com/coinhive-monero-shutdown/142290/