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Cyber Attackers Are Cashing In On Cryptocurrency Mining - But Here's Why They're Avoiding Bitcoin

Cyber Attackers Are Cashing In On Cryptocurrency Mining - But Here's Why They're Avoiding Bitcoin

Cyber attackers are cashing in on cryptocurrency mining - but here's why they're avoiding bitcoin Cryptocurrency mining malware has emerged as a key method of criminal hackers making money - so why aren't they targeting the most valuable blockchain-based currency of them all? A quick glance at some of the key trends in cyber security during the first months of 2018 and its clear that cryptocurrency mining has become a new target for cyber criminals. While ransomware remains a popular method for some criminals to generate income , the cyptocurrency craze has caught the imagination of cyber attackers, with regular reports of cryptocurrency mining malware regularly surfacing . Everything from smartphones, to PCs and servers have been infiltrated by hackers, who exploit their processing power to secretly mine cryptocurrency; some schemes have been known to generate millions . Attackers use mining to generate a range of blockchain-based currencies. However, despite bitcoin's high profile presence as the most common form of cryptocurrency - and one which remains popular for underground activities - criminals aren't attempting to maliciously excavate it. "Bitcoin is the arguably the most popular crypto currency that exists, but still we have not seen a single attack trying to infect servers with Bitcoin mining malware," says a newly released report by researchers at Imperva. Bitcoin remains the most high value cryptocurrency - at the time of writing, one bitcoin is equivalent to around $11500 - so you might think it would be the best vehicle for attackers making easy money off mining. So why aren't they attempting to do so? One reason is because bitcoin mining requires specialised hardware featuring an custom-built application-specific integrated circuit (ASIC). As a result, Continue reading >>

The Best Cryptocurrency Mining Software 2018

The Best Cryptocurrency Mining Software 2018

The best cryptocurrency mining software 2018 The best cryptocurrency mining software 2018 Discover the best programs to start mining Bitcoin today If you've decided to take the plunge and have bought your own Bitcoin (BTC) mining hardware or mining rig, your next step is to connect to a mining 'pool'. This allows you to share your machine's resources over the internet and receive a portion of the mining profits in return. There are a number of programs available to help manage your crypto-mining. In this guide, we've explored five of the most popular. If you're an experienced computer user, you may prefer to install the free operating system Linux and make use of one of the text-only programs such as CGminer. If you prefer to keep things simple and are sticking with Windows 10 , mining clients with a GUI such as MultiMiner may suit you better. Before getting started, if you want to be sure a mining program will work with your particular device or operating system, the Bitcoin Wiki has a very helpful list. A flexible mining program that supports almost every platform CGMiner has been around for over six years and is coded in C, meaning its compatible with almost all operating systems. It works via a simple command line interface and supports multiple mining pools and devices. It's primarily designed to be used with hardware mining devices but can make use of any GPUs connected to your machine as well. On first run, CGMiner will ask you to enter the URL, username and password (if necessary) for your mining pool, and it will automatically detect any hardware you have connected such as an ASIC device. Although you have to work with CGMiner via the command line, the layout is very easy on the eye: mining devices are listed at the top and you can use simple keyboard commands Continue reading >>

The Best Cryptocurrencies To Mine With Gpu/cpu Right Now

The Best Cryptocurrencies To Mine With Gpu/cpu Right Now

Exclusive article feature] [Shu Li Xiao speak ICO What is a bubble? Nobel laureate Schiller said Bitcoin is currently the best example Dubai, real estate, taking Bitcoin payments: 30 Bitcoin you can buy a set The ICO was a group off, like Bitcoin the wayward rebound ICO straighten out when platform, tokens, where to go Hong Kong Securities and Futures Commission in Hong Kong vocal ICO may be subject to legislation governing securities PricewaterhouseCoopers Detailed ICO six will disappear and the risk of excessive obligations should be on the alert [Comment] S the subsequent normative halt ICO How will it develop? [Financial New Network] (reporter Peng Kin Kin-Uu Yujian) regulators decided to close in the Chinese virtual currency exchange, which includes among all the "OKcoin", "Foreign exchange currency" and "Bitcoin China" and other virtual currencies with a legitimate payment By means of the stock exchange, new financial reporters are approaching the Internet of financial rectification risks, the work of the group's leading office (hereinafter referred to as the lead group), which confirmed this news, and learned that the permit is currently deployed to the field. September 8, the third party trading platform, the network of cross-country issued a statement in accordance with the spirit and requirements of September 8 in Beijing financial conference work on September 5, from the day 17.30 to suspend trading in all currencies. This is still a regulatory action after the People's Bank and the other seven ministries, together after September 4, jointly notice (further notice). The above statement by ICO (initial coin placement, initial public sale of coins) as an "illegal financial activity" and ordering since the announcement, ICO ban on new projects, projects to limi Continue reading >>

Browser-based Cryptocurrency Mining Makes Unexpected Return From The Dead

Browser-based Cryptocurrency Mining Makes Unexpected Return From The Dead

Browser-Based Cryptocurrency Mining Makes Unexpected Return from the Dead Once thought of as dead, browser-based cryptocurrency mining makes an unlikely return, coming back to haunt websites and their visitors. Browser-based cryptocurrency mining activity exploded in the last few months of 2017. After many years of deathly silence, the catalyst appears to be the launch of a new browser-based mining service in September by Coinhive. This service wraps everything up nicely in an easy-to-use package for website owners and has injected new life into an idea that was long thought of as dead and buried. Browser-based cryptocurrency mining is not new;it's been around since at least 2011. A surge in the cryptocurrency market in 2017, as well as availability of coins that are mineable using home hardware and easy-to-use JavaScript APIs, has led to a torrent of malicious browser-based mining affecting many well-known and lesser-known websites. Mobile devices have not been spared from cryptocurrency mining, as witnessed by a 34 percent increase in the number of mobile apps incorporating cryptocurrency mining code. Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using scripting language. This is different compared to the more widely known file-based cryptocurrency mining approach which involves downloading and running a dedicated executable file. Browser-based mining dates back to May of 2011 when an innovative service called BitcoinPlus.com was initially launched back when Bitcoin was cheap and mining was easynot to be confused with another cryptocurrency known as Bitcoin Plus.org (XBC). That service was in many ways remarkably similar to its modern reincarnation, Coinhive. It used JavaScript code f Continue reading >>

A Beginner's Guide To Cryptocoin Mining

A Beginner's Guide To Cryptocoin Mining

Is it worth your time to mine for cryptocoins? Cryptocurrency mining takes patience and time. Koron/Moment/Getty Images Mining cryptocoins  is an arms race that rewards early adopters. You might have heard of Bitcoin , the first decentralized cryptocurrency that was released in early 2009. Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash . You can get in on the cryptocurrency rush if you take the time to learn the basics properly. If you had started mining Bitcoins back in 2009, you could have earned thousands of dollars by now. At the same time, there are plenty of  ways you could have lost money , too.  Bitcoins  are not a good choice for beginning miners who work on a small scale. The current up-front investment and maintenance costs, not to mention the sheer mathematical difficulty of the process, just doesn't make it profitable for consumer-level hardware. Now, Bitcoin mining is reserved for large-scale operations only.   Litecoins , Dogecoins, and Feathercoins , on the other hand, are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners. At the current value of Litecoin, a person might earn anywhere from 50 cents to 10 dollars per day using consumer level mining hardware. Dogecoins and Feathercoins would yield slightly less profit with the same mining hardware but are becoming more popular daily. Peercoins , too, can also be a reasonably decent return on your investment of time and energy. As more people join the cryptocoin rush, your choice could get more difficult to mine because more expensive hardware will be required to to discover coins. You will be forced to either invest heavily if you want to stay mining that coin, or you will want to Continue reading >>

Cryptocurrencies You Can Still Mine With Your Cpu/gpu In 2018

Cryptocurrencies You Can Still Mine With Your Cpu/gpu In 2018

> Cryptocurrencies you can still mine with your CPU/GPU in 2018 Cryptocurrencies you can still mine with your CPU/GPU in 2018 In 2018, there still exists some cryptocurrencies that you can mine with your CPU, or with a simple graphic card (GPU). The list includes coins that belong to the CryptoNote family and some other newer altcoins. Less than six years ago, most cryptocurrencies, including bitcoin, were mineable via PCs and inexpensive graphic processing units (GPUs). Interestingly enough, a Pentium4 PC was capable of mining more than 100 BTC back in 2010. Nevertheless, this has totally changed due to multiple factors, including the rise in network difficulty of most cryptocurrencies and the advent of complex ASIC miners. This rendered the vast majority of cryptocurrencies impossible to mine using a PC, a single graphics card, or GPU. However, as of today, there exists a number of altcoins that one can mine with a PC or with a single graphics card (GPU). Throughout this article, well review some of the most valuable coins that are still PC mineable, including some older coins that mostly belong to the CryptoNote family, and newer coins that have been launched during the past couple of years. (Note: Dont expect to make a fortune mining any altcoin with your PC or GPU, as you will mostly not be able to make more than a few cents per day. You can just test the waters by mining crypto this way, to just get acquainted with the overall process of mining. If you dont want to get involved in any technical jargon, you can use Minergates mining software. It is very simple just download the miner, install it, and run it to start mining instantly). Use our ICO list & rating system to discover the best ICOs to get involved with Bytecoin has never been hotter, as its price record Continue reading >>

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Using below table, you can check how profitable it is to mine selected altcoins in comparison to ethereum. Please note that calculations are based on mean values, therefore your final results may vary. For best results fill all fields with your hash rate and power consumption. Input Groestl hash rate, not Myriad-Groestl. Default values are adapted for three 480 cards. Continue reading >>

Bitcoin, Ethereum Or Litecoin: Which Is Best For You?

Bitcoin, Ethereum Or Litecoin: Which Is Best For You?

Bitcoin, Ethereum or Litecoin: Which is best for you? A primer on the most visible cryptocurrencies. Before you jump into this overview of a few cryptocurrency alternatives, check out our first two articles in this series, Bitcoin, explained and Buying and selling bitcoin . Bitcoin has spawned hundreds of cryptocurrencies. Bitcoin was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town . Litecoin followed in 2011. Created by Charles Lee, an engineer who later helped build Coinbase , the leading cryptocurrency exchange, Litecoin is based on the same code as bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process. And in 2015, Ethereum made its debut, incorporating bitcoin's basic blockchain premise and Litecoin's pursuit of faster transaction speed, but adding a few of its own twists -- including the ability to process little chunks of code, called "smart contracts" -- and on its virtual peer-to-peer network as opposed to a dedicated server or mining rig. Ripple's market cap now exceeds $40 billion. Coinbase's support for bitcoin, Litecoin and Ethereum -- as well as Bitcoin Cash , a new branch of the bitcoin blockchain created in August 2017 -- helped install and keep them among the most visible and well-capitalized cryptocurrencies. Rounding out the top 10, in terms of market capitalization, is a dynamic shortlist that has included established coins and upstarts like Ripple , Cardano , Neo , Stellar , Eos and IOTA . For the purposes of introducing some of the prevailing concepts behind the growing population of cryptocurrencies, we'll take a closer look at the technologies behind Litecoin and Ether Continue reading >>

Nsfw? Australian Police Probe Government Staffers Over Crypto Mining

Nsfw? Australian Police Probe Government Staffers Over Crypto Mining

NSFW? Australian Police Probe Government Staffers Over Crypto Mining Police are reportedly investigating whether two employees of Australia's official weather reporting agency used official resources to mine cryptocurrencies. ABC News reported at least one of the Bureau of Meteorology's IT employees is now on leave, although no charges have been filed as of yet amid the ongoing investigation. Officials from the Australian Federal Police are said to have visited the bureau's headquarters in Melbourne on February 28, conducting interviews with the two employees. The report investigation represents what could be the latest instance in which public sector employees mine cryptocurrencies - an energy-intensive process by which new transactions are added to a blockchain, creating new coins as a reward - at work. Past examples include a Federal Reserve Board staffer , an employee of New York's Department of Education and, most recently, employees of Louisiana's attorney general . According to ABC News, both the federal police as well as the weather bureau declined to comment. Notably, the story doesn't represent the weather bureau's first run-in with a scandal involving cryptocurrency. In February, the staff issued a public apology for cryptocurrency scam advertisements that appeared on their website. According to ABC , the ad looked like a CNN article about bitcoin. When readers clicked on it, they found a misleading article about a fake blockchain startup headed by Elon Musk.The bureau reportedly stopped working with the third party advertising company responsible for the misleading ad. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent ope Continue reading >>

Best Cryptocurrency Coin To Mine For Long Term And Short Term

Best Cryptocurrency Coin To Mine For Long Term And Short Term

Best Cryptocurrency Coin To Mine For Long Term And Short Term by CryptosisTeam | Nov 27, 2017 | CryptoCurrencies , Mining , Strategy Bitcoin, the crypto who started it all, is still at the forefront of the market. Starting in 2009 at the price of few pennies a piece, by 2017 its grown into a multi million dollar market with the coin priced at over $8,000 at the time of writing. But is Bitcoin still the most profitable coin to mine? Along the way, hundreds of cryptocurrencies similar to Bitcoin appeared. Ethereum, ZCash, Monero, Ripple, Litecoin these are the most popular ones. Their market share might not be as large as Bitcoins, but they offer interesting and useful features, such as increased privacy, anonymity, ease of transaction or even the ability to create your own cryptocurrencies on the main blockchain, as is the case of Ethereum. What attracted newcomers to the cryptocurrency world is the possibility of profiting on them. Mainly through the process we know as mining, which is using processing power of a hardware unit to solve mathematical equations and help the network create new coins. You can mine solo or through a pool, combining the hashrate of all machines in the local network. As of today, Bitcoin is unprofitable to mine alone, unless you own costly, specialized hardware using ASIC application specific integrated circuits. Thus, it is an endeavor for large companies owning cryptocurrency farms in places such as Inner Mongolia, where costs of electricity are one of the lowest in the world. So if not Bitcoin, then what would we recommend for the average mortal without a million dollar budget to blow on hardware? A useful tool for our mining endeavors is a cryptocurrency profitability calculator. Services such as Cryptocompare are a necessity to prepare a Continue reading >>

Cryptocurrency-mining Malware: 2018s New Menace?

Cryptocurrency-mining Malware: 2018s New Menace?

Home Exploits Cryptocurrency-Mining Malware: 2018s New Menace? Cryptocurrency-Mining Malware: 2018s New Menace? Will cryptocurrency-mining malware be the new ransomware? The popularity and increasing real-world significance of cryptocurrencies are also drawing cybercriminal attention so much so that it appears to keep pace with ransomwares infamy in the threat landscape. In fact, cryptocurrency mining was the most detected network event in devices connected to home routers in 2017. Figure 1. In 2017, cryptocurrency mining was the most detected network event in devices connected to home routers (based on Trend Micro Smart Home Network feedback) What started out in mid-2011 as an afterthought to main payloads such as worms and backdoors has evolved into such an effective way to profit that even cyberespionage and ransomware operators, and organized hacking groups are joining the bandwagon. Bitcoin, for instance, was valued at around US$1,000 in January 2017 but has since ballooned to over $11,000 today. It even peaked at a record $20,000 per bitcoin. Moneros (XMR) story was the same, with a value that shot up from $13 in January 2017 to $325 in February 2018. The volatile yet sharp increases in their value give the shift some weight. Where theres money to be made, expect threat actors to try to be in on it. Their use of cryptocurrency-mining malware and its meteoric ascent in the threat landscape is a case in point. As shown below, cryptocurrency-mining malwares prevalence gained momentum, peaking at 116,361 in October 2017 before stabilizing throughout November and December. We detected the most cryptocurrency-mining malware in Japan, India, Taiwan, the U.S., and Australia. Figure 2. Cryptocurrency-mining malware detections in 2017 (based on Trend Micro Smart Protection Continue reading >>

Surprise! This Cryptocurrency Mining Stock Is Profitable

Surprise! This Cryptocurrency Mining Stock Is Profitable

Surprise! This Cryptocurrency Mining Stock Is Profitable Though the concept of "mining" is foreign to many, this firm is making money. Last year was nothing short of special for cryptocurrency investors. Having begun the year with a market value of less than $18 billion, the aggregate value of virtual currencies soared by more than 3,300%, or about $600 billion, by the time the calendar changed over to 2018. Investors who had the wherewithal to stick around were likely handsomely rewarded. However, the exceptionally volatile nature of the nascent cryptocurrency market, compounded with the fact that it's unregulated in most countries around the globe, makes investing in digital currencies quite the chore. In other words, most folks would prefer some form of direct exposure to cryptocurrencies via the traditional stock market as opposed to having to jump through hoops by investing on a decentralized cryptocurrency exchange. But, truth be told, one stock can be purchased on the over-the-counter exchange that would give investors direct exposure to cryptocurrencies. Not only that, but it also announced a profit in its recently reported third-quarter operating results. Ladies and gentlemen, say hello to Vancouver, B.C.-based cryptocurrency mining firm HIVE Blockchain Technologies ( NASDAQOTH:HVBTF ). What is cryptocurrency mining, and how is it profitable? What the heck is cryptocurrency mining , you ask? Essentially, it describes an operation whereby a person, team, or business uses high-powered computers to solve complex mathematical equations to proof transactions conducted over a cryptocurrencies' blockchain (i.e., to ensure the same token wasn't spent twice). These equations are part of the encryption process designed to protect transactions from cybercriminals. These Continue reading >>

Samsung Is Making Chips For Cryptocurrency Mining

Samsung Is Making Chips For Cryptocurrency Mining

Samsung is making chips for cryptocurrency mining Ethereum miner at HEALTH CARE NAVI Factory in Bucheon, South Korea. Image: Seung-il Ryu/NurPhoto via Getty Images Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. Samsung's chip-making division is diving into the lucrative space of cryptocurrency mining. Korean news outlet The Bell broke the news Tuesday, and Samsung confirmed to TechCrunch Wednesday that it's indeed making crypto-mining chips. SEE ALSO: Bananacoin, Titcoin, and Trumpcoin: These are the craziest cryptocurrencies out there Samsungs foundry business is currently engaged in the manufacturing of cryptocurrency mining chips," the company told TC without disclosing any further details. This could make Samsung a very serious competitor to Chinese companies such as Bitmain , Canaan and the U.S.-based Bitfury . These companies specialize in producing ASICs (application-specific integratied circuits) chips designed specifically to mine Bitcoin and/or other cryptocurrencies. New Bitcoins are created through the process of mining, in which networked computers solve a tough math problem while at the same time powering Bitcoin's payment network. Details may differ, but many other cryptocurrencies employ a similar process for creating new coins. Initially, nearly anyone could mine Bitcoin using their home computer. But as Bitcoin became more popular, the mining difficulty automatically increased, and has now reached such levels that one can only seriously mine with ASICs. Mining is a profitable business, and it's no wonder that Samsung, the world's largest chip maker as of Jan 31, 2018, is looking to enter the space. Taiwanese company TSMC, which makes Continue reading >>

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Last updated on November 24th, 2017 at 08:12 am Before we start, if youre new to Bitcoin mining and dont know what it is watch this short and simple explanation: The short answer would be It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors mining profitability calculators were invented. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables: Bitcoin Mining terms you should get to know Hash Rate A Hash is the mathematical problem the miners computer needs to solve. The Hash Rate is the rate at which these problems are being solved. The more miners that join the Bitcoin network, the higher the network Hash Rate is. The Hash Rate can also refer to your miners performance. Today Bitcoin miners (those super powerful computers talked about in the video) come with different Hash Rates. Miners performance is measured in MH/s (Mega hashper second), GH/s (Giga hash per second), TH/s (Terra hashper second) and even PH/s (Peta hashper second). Bitcoins per Block Each time a mathematical problem is solved, a constant amount of Bitcoins are created.The number ofBitcoinsgenerated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will be in 2020. Bitcoin Difficulty Since the Bitcoin network i Continue reading >>

L.a. Times Website Injected With Monero Cryptocurrency Mining Script

L.a. Times Website Injected With Monero Cryptocurrency Mining Script

L.A. Times website injected with Monero cryptocurrency mining script The cryptojacking attack appears to have persisted for weeks before being addressed, as it was configured to not max out CPU usage. Hackers injected it through an unsecured AWS S3 bucket. Building a slide deck, pitch, or presentation? Here are the big takeaways: An unsecured AWS S3 bucket allowed attackers to inject a Monero mining script into a website run by the L.A. Times. Extensive use of the Coinhive mining platform by hackers has led browser and anti-malware vendors to block access outright. The Homicide Report , a website operated by the L.A. Times that lists people killed within in Los Angeles county over the last 12 months, was hacked to include a JavaScript miner for the Monero cryptocurrency. This attack, like many others, leveraged the Coinhive mining platform. While Coinhive is technically a legitimate operation, granting website owners the capability to mine cryptocurrency on the computers of end users, the number of illegitimate uses of the service seem to outweigh legitimate ones. This month, thousands of government websites in the UK, US, and Australia were infected with Coinhive's mining script. The assistive technology "Browsealoud," intended to make websites navigable for users with visual impairments, was compromised, giving hackers a way to inject the mining script. SEE: Cybersecurity in 2018: A roundup of predictions (Tech Pro Research) In the case of the L.A. Times website, an AWS S3 bucket that was erroneously configured to be publicly writable was leveraged by hackers to inject the mining script. Curiously, in this instance, the script was not configured to run at max settings, which may have enabled it to go by undetected. Troy Mursch, a security researcher at the Bad Packet Continue reading >>

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