Some of them, such as Monero, attempted to outgrow BitCoin by avoiding the coin’s biggest flaw – the lack of privacy. At this point, new miners entered the game – the new miners required far less CPU resources as they were a lot less popular and were mined by much smaller communities. The use of specialized hardware made it even harder for miners that used personal computers, be it threat actors using malware or solo miners, at a certain point, mining BitCoin and other leading cryptocurrencies such as Ethereum became non-profitable, taking into consideration the costs of the hardware and electricity.
As time passed and BitCoin mining gained popularity, the computational resources required in order to stay in the game grew higher.
The first cryptocurrency that gained popularity and triggered the growth of the market and mining communities was BitCoin – the first decentralized coin. How does the rising popularity of cryptocurrency miners affect the cyber security landscape? In which cases is it a legitimate tool, and in which is it considered malware? In this report, we will answer these questions. Is the Pirate Bay example signaling that cryptocurrency mining may soon take over as the main revenue source?Ī post published by The Pirate Bay operators on September 16
#BST MULTI CRYPTO MINER FREE#
Until recently, websites that provide free services earned almost all their revenue through advertisements. No stranger to controversy for its role in illegal downloads, a few weeks ago it was discovered that The Pirate Bay operators have begun using the website users’ computer resources to mine the Monero cryptocurrency, using a hidden JavaScript-based miner called CoinHive. The Pirate Bay, the world’s largest BitTorrent indexer, is a massive online source for digital content– movies, games and software-and is among the top 100 most popular websites globally, according to Alexa. Infinity MDR (Managed Detection & Response).
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