Monetizing a Website with Bitcoins
Mining for Bitcoins with Wordpress
I then took this one step further. See numbers at the top of this post reading total hashes and hashes per second? I took my code and created a Wordpress plugin that easily integrates Bitcoin mining into your wordpress site. Simply activate the plugin and presto your readers are mining Bitcoins. Those numbers at the top of the page are the stats for your computer as you view this page. Now that I’ve made the plugin I’ll be releasing it on the wordpress plugin directory as soon as I can. You’ll be able to configure the plugin with whatever bitcoin server or pool you are using and be generating in no time.
Converting traffic into money
The current exchange rate for Bitcoins is around $26 US per 1 BTC (bitcoin). I got this exchange rate at the biggest bitcoin exchanger Mt. Gox. Finding a hash results in a reward of 50 BTC or approx. $1300 US. Of course the chances of finding a hash are slim to none but the more traffic you have… the better your chances.