What IS CryptoTab Browser?
It’s a custom and closed source web browser that has a built in BitCoin miner. That means it’ll run high intensity calculations on your CPU, burning electricity with the intent of creating new BitCoin. By closed source, that means they’re not open source. They do NOT make their source code available for inspection.
What it CLAIMS
It claims to make you money by mining BitCoin on your computer while you browse. But this is misleading.
What it ACTUALLY does
In reality, when you create your account, likely from having clicked someone’s referral link, you’re software is now a slave to the person who owns the referral link. While your computer burns through electricity that YOU are paying for, it’s giving a large portion of the tiny amount of BitCoin that your computer generates to the other person, not producing any profit for you at all. Even if you got to keep all of the BitCoin that you mined, you’d STILL be losing way more money than you make.
It’s IMPOSSIBLE to be profitable mining BitCoin on a PC or a mobile device
A very, very long time ago, the complexity of BitCoin became too powerful for PCs to mine it and be profitable. For years, the only way to make a profit mining BitCoin is to buy specialized hardware that can’t do anything other than mine BitCoin. Those hardware devices cast at least $1,300 (USD) on the low end, run very loudly and hot. And you’ll have to run one for about 6 months before you generate enough BitCoin to break even on the cost of the hardware. There is NO PATH to mining profitably on a PC (unless you get your electricity for free!)
If you mine on ANYTHING else, you’re GOING TO LOSE MONEY! Why? Because the amount of electricity you burn will cost you MORE than ANY infinitesimal amount of bitcoin you mine. Even if your electricity were free, the amount you can mine on a PC is virtually nothing. It also slows down your PC for everything else.
But wait! There’s MORE! To make matters even WORSE, when you start mining with this browser, you don’t even get to keep all of the minimal amount of coin you mine. Even if you did, you’d already be at a loss, but it’s worse. Whoever’s link you clicked on to get the browser gets a portion of YOUR earnings! Earnings that are ALREADY in LOSS territory.
A Classic Ponzi Scheme
The ONLY way to “make money” with this is NOT by mining BitCoin, but by having LOTS of people sign up through your referral link. THEY LOSE money by mining and lose even MORE by giving you the minuscule BitCoin THEY mine.
Stay away from CryptoTab Browser.
