At Least 1.65 Million Computers Are Mining Cryptocurrency For Hackers So Far This Year (vice.com)
According to new statistics released on Tuesday by Kaspersky Lab, a prominent Russian information security firm, 2017 is on track to beat 2016 -- and every year since 2011 -- in terms of the sheer number of computers infected with malware that installs mining software. From a report: So far in 2017, the company says it has detected 1.65 million infected machines. The total amount of infected computers for all of the previous year was roughly 1.8 million. The infected machines are not just home computers, the firm stated in a blog post, but company servers as well. "The main effect for a home computer or organization infrastructure is reduced system performance," Anton Ivanov, a security researcher for Kaspersky, wrote me in an email. "Also some miners could download modules from a threat actor's infrastructure, and these modules could contain other malware such as Trojans [malware that disguises itself as legitimate software]." Ivanov said that the firm doesn't know how much money has been made overall with this scheme, but a digital wallet for one mining botnet that the company identified currently contains over $200,000 USD.
I'm impressed the summary didn't defame the security firm.
How to know if my personal PC and the business computers are infected or not?
It also supports Irma and Jose.
I hope they're mining Litecoin... Bitcoin seems to be so ridiculously hard to mine for these days.
We're spending the last of our energy inheritance making millions of computers play a 0-player game in order to earn points in an entirely virtual currency.
Still, it's no more crazy than most of what's going on right now.
Most of the non-hacked computers calculating cryptocurrency are Chinese pools using energy derived from hydroelectric power, because it's cheap. And therefore just slowing the earth down by some infinitesimally small amount.
So, in this case, the poor use of our energy inheritance remainder is caused by hacking, not the inherent requirements of mining.
Why would consuming hydroelectric power slow the Earth down?
1. This explains it better than I could.
2. China's cheap electricity keeps Chinese miners at peak efficiency and allows them to outlast their foreign competitors. Many miners outside of China are attracted to Chinese mining pools due to their size. EG Antpool has mined nearly 20% of all blocks over the past year. I speculate that AntPool disguises its true hashrate by running subsidiary pools (ViaBTC, BTC.com, GBMiners, CANOE).
Also, it's a bit conspiracy-minded, but maybe they're indirectly subsidized by the Chinese government with a long term goal of state control of cryptocurrencies. IE the end-game isn't profit but control.