Posts Tagged ‘mining’

Mining Cryptocurrencies Is More Energy Intensive Than Actual Mining, Researchers Say

The digital mining of cryptocurrencies required more energy per US dollar generated than the mining of physical metals between January 2016 and June 2018, according to a new study published in the British journal Nature Sustainability. The study also estimated that, during the 2.5-year period, the four cryptocurrency networks (bitcoin, Ethereum, Litecoin, and Monero) generated between […]

PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware

It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. According to Unit 42 threat intelligence analyst Brad Duncan, some samples impersonating Flash updates have borrowed pop-up notifications from the official […]

Fear The PowerGhost Cryptocurrency Mining Malware

Kaspersky Lab has identified a new type of cryptojacker, which it dubbed PowerGhost for the malware’s ability to stealthily embed itself into a system and spread across corporate networks. The malware has been recognized in business networks globally, including North America and Europe, but with the highest occurrences so far in India, Brazil, Columbia, and Turkey. Due […]

Cryptocurrency mining apps banned on Play Store by Google

Google has banned cryptocurrency mining apps from the Android Play Store. The policy of Google is similar to Apple’s policy which still allows mining if the processing happens in the cloud. Though on-device mining on Android hardware has been banned now. The ban on cryptocurrency miners in the Play Store also follows a Google block on […]

Report Shows Egypt is Covertly Mining Cryptocurrency on Citizens’ Computers

The Citizen Lab, an interdisciplinary laboratory at the University of Toronto, published a report strongly suggesting that Egypt has been mining cryptocurrency secretly on its citizens’ computers. The report explained that Sandvine/Procera Networks Deep Packet Inspection (DPI) devices were used to covertly raise money through affiliate ads and cryptocurrency mining in Egypt. Read more View the Citizen Lab […]