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A bot network is the ideal tool for this. The important thing is that they can bundle their power to mine crypto currency. However, many independently infected devices do not yet give cybercriminals much use. Crypto Mining Malware has even been detected that is able to bypass antivirus programs. In some cases, the malware is even programmed to detect the start of an application that uses resources and to throttle the malware’s activities accordingly. As a result, Crypto Mining Malware usually uses only about two thirds of the computing power. In most cases, the user will then take countermeasures. Because if the device is always running at 100 percent computing power, it can hardly be operated by its owner. Since the maximum computing power of the devices is to be used to the full, the cyber criminals must proceed with caution in order not to be discovered while digging.
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If a user calls up an infected download website, the malware is loaded onto the computer unnoticed via a drive-by download and begins to dig up a selected crypto currency for the hackers.
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But pirated software is also suitable as a hiding place for a crypto mining dropper. The most popular method of distribution is via infected websites. The cybercriminals use different ways to smuggle it onto the computers of their victims. This method uses malware specially designed for mining cryptocurrencies. If they leave the site, the crypto mining process is aborted.Ĭrypto mining using malware is a completely different matter.
But this method has a decisive disadvantage for Coinhive users: Cryptocurrencies are only mined as long as someone is actually actively on the website.
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Some of them even use the full CPU power, such as the Crypto Mining program that was included on the website of Portuguese football star Cristiano Ronaldo. Coinhive-infected websites force their visitors’ devices to dig up crypto-currencies – usually without the victim noticing or obtaining prior consent.
And indeed, the program’s approach is extremely perfidious. IT security expert Brian Krebs recently called the program “one of the greatest threats to web users”. However, the legal situation is anything but clear. Since it is based on JavaScript, it can be easily installed on web pages and is easily downloaded by most browsers. The most widespread method is the use of the crypto mining program Coinhive, which is classified as a “potentially harmful program” by most antivirus programs. How the criminal miners succeed in this is described below.īasically, a distinction must be made between two types of illegal crypto mining. To do this, they smuggle malware onto their victims’ computers. The generated units are then credited to the cybercriminals’ eWallet. The aim here is to make as many computers as possible part of such a network and have them mine crypto currencies in a network. The consequences: A significant shortage of the sought after commodity and increasingly expensive production An almost free, but also illegal method is the generation of cryptocurrencies with the help of a botnet. Iceland has already experienced an energy shortage due to the rapid increase in crypto mining activities. Entire industries have already developed in these countries, some of which are now a problem for the stability of the national power supply. Completely new possibilities quickly established themselves: One is the mining of cryptocurrencies in countries with very low energy prices, such as Iceland, Venezuela or Georgia. Resourceful Crypto Miners soon began looking for new ways to mine crypto currencies more profitably. Digging with one’s own computer simply becomes unprofitable. The power consumption and the wear and tear on the hardware are increasing rapidly. Conversely, this means that more and more computing power is required to generate the unit of a cryptocurrency. This measure is necessary because otherwise inflation would occur. This ensures that from a certain point in time it is twice as time-consuming to generate a unit of a crypto currency.
Since the value of the cryptocurrency decreases with the increasing amount of units generated, a so-called “halving” takes place at regular intervals.
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it was sufficient to use your own PC to mine the coveted online money, the situation today is different. While in the early days of Bitcoin and Co. Legal and Illegal Crypto Mining – What are the differences?Ĭrypto Mining is an extremely complex, resource-intensive – and therefore expensive – process.
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