Cryptocurrency

10/01/19 08:00 UTC-4

Monero – the most popular cryptocurrency for viral mining

Monero is the most popular coin for viral mining
Monero is the most popular coin for viral mining

Monero (XMR) is the most popular cryptocurrency for the introduction of viral miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
programs and malware, as reported by the CoinDesk news agency.

Two researchers, Sergio Pastrana and Guillermo Suarez-Tangil, from the University of Carlos III in Madrid and Royal College of London, published a report on viral mining. According to their estimates, hackers get about 4.32 percent of the total number of Monero cryptocurrency in circulation.

"In general, according to our estimates, there are at least 2,218 active campaigns that have already accumulated about 720 thousand XMRs (which corresponds to $ 57 million). Interestingly, in just one campaign (C # 623), more than 163 thousand XMR were produced (equal to $ 18 million). This is about 23% of the total amount of coins (...) The virus campaign is in the active stage at the time of writing" – Sergio Pastrana and Guillermo Suarez-Tangil.

According to researchers, the developers of virus software have not yet cashed crypto-assets due to the high volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details
of XMR prices. At the time of publication, the cost of all existing XMR tokens is nearly 40 million US dollars.

 

Viral cryptocurrency mining

Recall that over the 12-year period (from 2007 to 2018) about 4.4 million malware samples were analyzed, among which 1 million turned out to be active.

Speaking about the tactics of the spread of viral software – it is not constant, hackers come up with many original means for infecting equipment. One of the most popular ways is Dropbox and GitHub services for placement of droppers and cryptocurrency mining tools. Most often, the tools for "actual" mining are infected – claymore and xmrig.

From the report of Sergio Pastrana and Guillermo Suarez-Tangil, Monero (XMR) is the most popular cryptocurrency for viral mining programs. In second place is malware – Bitcoin. Third place – Zcash and Dogecoin and Litecoin altcoins.

Today, Monero can be considered the most popular cryptocurrency for viral mining. A recent study by McAfee (published last December) showed that over the past year, the number of malwares for hidden mining of crypto-coins has increased by almost 4,000%. The most dangerous virus detected was KingMiner.

Editor: Yulia Krasnaya

See also: "Cryptocurrency rate: TRON rose by 7.3%, and NEO by 9.8%"

#Monero #XMR #hidden mining #viruses #Dropbox #Github #Bitcoin #Zcash #altcoins #Dogecoin #Litecoin

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