The obfuscation capabilities of cryptocurrency mining malware creators are increasingly getting more and more sophisticated, according to cybersecurity researchers at Trend Micro. This is evidenced by a new cryptocurrency mining malware that the researchers came across which employs multiple evasion techniques in order to evade detection. Identified as Coinminer.Win32.MALXMR.TIAOODAM, the malicious crypto mining software poses…

A prominent bitcoin cash startup has launched a mining pool designed to attack altcoins and BCH forks that it does not believe fulfill Satoshi Nakamoto’s original vision for the cryptocurrency. SharkPool: Supporting Bitcoin Cash by Attacking other Networks Dubbed “SharkPool,” the service aims to conduct a two-pronged attack on other cryptocurrency networks, exclusively mining empty…

While physically incomparable, Bitcoin and gold have a lot of similarities. Both currencies have no intrinsic value but are worth something because the society agrees they have value. Like gold, Bitcoin’s value cannot be created arbitrarily and out of thin air. And just like gold, Bitcoin has a limited and finite supply, meaning there will…

The price of Bitcoin soared over the last year, which created a buzz for cryptocurrencies and sparked interest in massive Bitcoin mining operations everywhere. With all these new mining facilities popping up, cryptocurrency mining’s energy usage has also reached new heights. An energy research company based in the UK found that in the year 2017, the amount of electricity used to mine…

Cryptocurrencies use proof-of-work to maximize security. Or was it decentralization? Both of these goals are close to the hearts of the cryptocurrency community at large, but they’re especially important to the miners whose hardware rigs perform that proof-of-work: the power-hungry computations used to update the blockchains of bitcoin and many other cryptocurrencies. Unfortunately, decentralization and…

In efforts to prevent centralization of mining cryptonight coins by ASICs manufactures, Monero developers implemented some changes to its hashing algorithm. This made existing Criptonight ASICs unable to mine Monero (XMR) and other cryptonight based coins. The changes may not be noticeable by non-ASIC miners, but will be large enough to prevent CryptoNight ASICs from…

The cryptocurrency Verge — which prides itself on “security/anonymity/privacy” — was hacked yesterday. In a short period of time, the attacker made off with around 250,000 coins. The hack was discovered by “ocminer,” a poster on Bitcointalk forums, yesterday afternoon. According to ocminer, the attacker took advantage of “several bugs” in Verge’s code to mine an extraordinarily…


Graphics card (GPU) maker Advanced Micro Devices (AMD) has updated one of its drivers to better handle the processes tied to cryptocurrency mining. The release notes for its Radeon Software Adrenalin Edition 18.3.4, published Monday, explained that one of the fixed issues from previous versions addresses efficiency problems seen when running the energy-intensive process. As…


A $251 million cryptocurrency mining farm is going to be built in Montana. Power Block Coin’s proposal to build a campus of high-powered data centres outside of Butte, Montana, was given the green light on Wednesday. The Butte-Silver Bow Council of Commissioners voted unanimously (9-0) to allow the company to go forward with the plan….


Various websites have integrated cryptocurrency mining code on their platforms in the past few months. Some companies are rather open about it, whereas others have done so in a rather sneaky manner. Moreover, it seems some sites contain such code because other people hacked their backends and made unauthorized changes in the process. Various Australian government websites have suffered such…


Russian authorities say they have arrested several engineers employed at the the All-Russian Research Institute of Experimental Physics in Sarov, a top secret nuclear weapons facility, because they were involved in a cryptocurrency-mining scheme at work. The tightly guarded nuclear facility is where the USSR’s first nuclear bomb was built. According to the BBC, it…


Just like everyone else on the planet, it looks like Samsung is getting in on the cryptocurrency business, by manufacturing ASIC chips designed specifically for mining those precious bitcoins. Or litecoins, or NEM tokens, or dogecoins, take your pick. Point is, one of the world’s largest chip manufacturers is muscling into the cryptocurrency mining industry. “Samsung’s…


Security researchers have discovered a new form of powerful malware that secretly mines cryptocurrency on a person’s smartphone, which can physically damage the device if it is not detected. Researchers from the Russia-based cybersecurity firm Kaspersky investigated the malware, dubbed Loapi, which they found hiding in applications in the Android mobile operating system. The malware works…


Cryptocurrencies have an energy problem. The entire Bitcoin network now uses more energy than all of Ireland, and a single Bitcoin transaction requires the same amount of energy your house uses in a week. Ethereum, the second most popular cryptocurrency, isn’t much better. This is bad news for the environment, but also for the miners…


As more and more Coinhive clones continue popping up, chances of users’ CPU power being hijacked for cryptocurrency mining are rising. According to Malwarebytes’ latest figures, their AV solution blocked an average of 8 million cryptojacking attempts per day from late September to late October. And that’s just the attempts tied to Coinhive domains and…