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Cryptocurrency Mining Could Infect More Than Half Of Organisations

Over half of online organisations across the globe have been recently attacked by threat actors, who used cryptocurrency mining tools in order to steal computing resources from corporations. According to research, this trend is only likely to continue as we head into 2018. The interest among such rogue actors in preying on the computing power that runs major streaming services and websites has likely been fuelled by the popularity of digital currencies such as Ethereum and Bitcoin. The latest Global Threat Index (a comprehensive listing of the most prevalent malware in use today) published by Check Point had no fewer...

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Best Mining Pools This Year!

Mining the more popular cryptocurrencies like Litecoin and Bitcoin is no longer an activity you can expect to profit from as a solo enterprise. The solution is to join a mining pool, a series of connected servers working in unison across an internet connection that pool their considerable resources to generate data blocks. Whatever reward they make between them is then split among all the pool's participants. Here are some of the best mining pools to consider joining in 2018. Slush Pool Slush Pool is the longest established mining pool currently in existence, as well as one of the largest,...

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80% Of Total Bitcoin Supply Is Mined!

This week marked a significant milestone for cryptocurrency giant Bitcoin as it was announced that 80% of the Bitcoin supply (some 16.8 million individual bitcoins (BTC)) had been mined. This means that there are only 4.2 million bitcoins available to be mined before the entire supply of the digital currency has been exhausted. The 21 million Bitcoin cap was built into its original protocol by founder and developer Satoshi Nakamoto. It was mentioned in the company’s White Paper from 2008 and was included as a way of introducing an enforced scarcity into a digital commodity. It’s a fundamental rule of...

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Mining Bitcoin could use more energy than Argentina

Global banking giant Morgan Stanley has predicted in a memo to its customers that the mining of Bitcoins could use up more electricity throughout 2018 than the country of Argentina. Bitcoin mining is the energy-intensive method by which the cryptocurrency both tests and validates transactions in which it has been used, as well as creating new coins. The process involves users confirming the veracity of payments made with the digital currency, forming a stable and reliable ledger of transactions which supports Bitcoin’s reputation as a safe and secure form of payment. In return for completing this verification service (such verified...

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Public Wi-Fi users could mine cryptocurrency for you

Finding a method for using other peoples’ computers to mine cryptocurrency is something that many cryptocurrency owners have fantasised about, but as Bitcoin has grabbed the headlines in recent months, some have taken things a step further. Two of the most common methods discovered to date involve infecting other machines or website with mining software or scripts designed for cryptojacking. Another method, discovered last month in Buenos Aires, consists of injecting mining code in pages served to users of public WI-Fi networks. This particular incident led a Barcelona-based software developer to investigate how such attacks could be automated. The latest...

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