Wednesday, November 22, 2017

Chinese internet giant Baidu wants to pay you for use of your pc's processing power to mine Bitcoin

A month ago we published an article on how hackers are using malware to turn your pc into a Bitcoin miner as part of their global unauthorized network.  Now on Nov. 22 Chinese internet giant Baidu wants to do the same with your computer, only their program seeks to do it with your permission, and also to pay you for the leasing out of your spare processing power.

A service launched by China’s internet giant Baidu can make you money if you are willing to share your desktop computer’s spare computing power for faster downloads, smoother online videos and maybe even mining bitcoin. 
Baidu, the operator of China’s dominant online search engine, has launched a service called Baidu Jinkuang, which roughly translates as Baidu Gold Mine in English, to allow users to exchange extra hard disk space on their computers and broadband connection into real money. 
Baidu said in a statement on Wednesday that by using a peer-to-peer content delivery network (CDN), the service can gather the extra computing resources and broadband connection in individual homes and use them to help store and speed up the distribution process of various online products. 
“CDN enables users to share their unused bandwidth,” said Hu Yongjun, chief operational officer of Huangpu Community, an online platform for digital currency and blockchain technologies. “Bitcoin mining may be one of the uses but it could definitely help live streaming and e-sport platforms and generate hype to lure users as bitcoin is so hot right now.” - South China Morning Post
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