Popular ‘cryptojacking’ service Coinhive will shut down next week

Coinhive, a service that allows websites to use their visitor’s computers to mine cryptocurrencies, is shutting down, ZDNet reports. All of the service’s in-browser mining scripts will stop working on March 8th, and users will have until April 30th to withdraw any remaining Monero — the anonymity-focused cryptocurrency mined by the software — from their accounts.

Coinhive’s service launched in 2017 as a way to mine cryptocurrency in the background of a website, turning visitors’ processing power directly into cash. Some sites were upfront with visitors about their use of the software, most notably the news website Salon and UNICEF, but countless others either didn’t disclose the fact they were using it, or saw the Javascript code added...

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