Monero has been one of the best coins used for crypto-jacking malware and ransomware for a while now because of Monero's high privacy features.
According to Justin Ehrenhofer, the director of the Malware Response Workgroup, has stated that the two main factors that make XMR attractive to hackers are:
“Attackers like Monero for two reasons: 1) it is private, so they do not need to worry about companies and law enforcement tracing what they do with the Monero after they mine it, and 2) Monero uses a Proof of Work (PoW) algorithm that is CPU and GPU-friendly; thus, the infected machines are competitive. These two components are increasingly distinguishing factors for why attackers choose to mine Monero over other cryptocurrencies.”
While it is still possible to introduce malware on another person's computer for mining Bitcoin and other digital currencies, the XMR privacy features make it stand out as one of the best choices.
"The new Malware Response website seeks to inform visitors on the ways to prevent and remove malware. As stated, it’s expected that visitors will land on the site frustrated and seeking answers, since most do not understand what is happening," CCN.
There have been apps out there that have been developed in order to allow website owner's to opt-in, so that their browsers will mine XMR while they used the website and to be able to do this instead of showing advertisments, even though to me this feels like stealing.
However, it is also for hackers to inject mining scripts into vulnerable websites without the website owner or users having any idea, aka "cryptojacking."
McAfee labs has also said that cryptojacking has increased by 86% in the second quarter of 2018, and is up by 459% this year thanks to a leak from the NSA's hacking tools.
Monero has said that they are strongly against supporting any unwelcomed cryptojacking or other forms of mining on another person's computer, and are finally taking steps to prevent such a thing as this from continuing by allowing users to educate themselves on the different resources hackers can use to bypass their hardware or operating system.
https://ww.getmonero.org/2018/09/26/Introducing-the-Monero-Malware-Response-Workgroup-Website.html
this should have been done a long time ago since bad people are just about anywhere. milking from the hard-earned money of others.
without batting an eyelash.. as if the world owes them
Good idea and a good opportunity for us. Thanks for this post.
I'm not sure what you mean? This article is meant to stop hackers from slowing down people's computers.
Not going to matter much if this happens...
https://steemit.com/bitcoin/@slyguy/i-believe-someone-is-trying-to-buy-the-entire-technology-rothchilds
Good idea. btw i want to join in DAI trading competition https://news.kucoin.com/en/dai-dai-trading-competition-win-182-mkr/ give me some tips about this. should i try this to get back all my losses?
Congratulations @the4thmusketeer!
Your post was mentioned in the Steem Hit Parade in the following category:
Mining malware promotes decentralization of mining for all who care about that. On the other hand the fact that there is incentive to create mining malware is why Proof of Stake has an advantage.
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Is actually profitable for these people to cryptojack sites or computers??
Are they risking to go to jail ?
See my post elsewhere in this thread. Its a bit lengthy but I go into some personal anecdotal numbers on Monero mining. Even if the computers only mined 1 h/s that would still net them about $0.01 every 24 hours or so if they had 24 computers (at least according to Monero Ocean).
So if they scaled up... Maybe 10,000 computers, then they'd start making money.
Remember, when you don't mine with hardware you own, you don't pay for electricity.
Now, if its volunteered or don't for some time of compensation for the user (say the UNICEF page accepting browser mining) then I think this is a good idea.
If you just steal people's CPU cycles without consent with this (or even with unwanted ads) then I'm going to frown on that.
Still... It can add up.
And yes... People have gone to jail for unconsented mining... There was an incident in Japan last spring I recall.
Clearly, you understand what you're talking about here, so I appreciate the insight. I think even though there is the possibility of ethical mining in the future, it is necessary for Monero to take this step.
Up against cryptojacking!
Great news for Monero. I really should add it to my portfolio. Got no money for now though. Maybe after the holidays.
Can payment with #Nexty is instant and tx fee is zero.
Nexty has proven to be much better than its competitors as other Cryptocurrencies have issues of transaction speed and processing as compared to Nexty.