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Cryptojacking is the act of exploiting a computer to mine cryptocurrencies, often through websites, [1] [2] [3] against the user's will or while the user is unaware. [4] One notable piece of software used for cryptojacking was Coinhive, which was used in over two-thirds of cryptojacks before its March 2019 shutdown. [5]
Monero (/ m ə ˈ n ɛr oʊ /; Abbreviation: XMR) is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.
The Zealot Campaign is a cryptocurrency mining malware collected from a series of stolen National Security Agency (NSA) exploits, released by the Shadow Brokers group on both Windows and Linux machines to mine cryptocurrency, specifically Monero.
Critics have also identified a large electronic waste problem in disposing of mining rigs. [264] Mining hardware is improving at a fast rate, quickly resulting in older generations of hardware. [265] Bitcoin is the least energy-efficient cryptocurrency, using 707.6 kilowatt-hours of electricity per transaction. [266]
A viral video shared on X claims Arizona leaders are purportedly planning to rig the election in 2024 Democratic nominee Vice President Kamala Harris’ favor. Verdict: False Check Your Fact ...
Solutions such as ZCash and Monero ― known as privacy coins [41] ― are examples of cryptocurrencies that provide unlinkable anonymity via proofs and/or obfuscation of information (ring signatures). [42] While not suitable for large-scale crimes, privacy coins like Monero are suitable for laundering money made through small-scale crimes. [43]
Cloud mining is the process of cryptocurrency mining utilizing a remote data center with shared processing power. [1] Cloud mining has been used by ransomware groups and scammers to launder cryptocurrency. [2] This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware.
GPU mining is the use of Graphics Processing Units (GPUs) to "mine" proof-of-work cryptocurrencies, such as Bitcoin. [1] Miners receive rewards for performing computationally intensive work, such as calculating hashes, that amend and verify transactions on an open and decentralized ledger.