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5% of All Monero Currently In Circulation Has Been Mined Using Malware (bleepingcomputer.com)
An anonymous reader writes: According to a report released yesterday, criminal groups have mined an approximate total of 798,613.33 Monero coins (XMR) using malware on infected devices. That's over $108 million in US currency, just from coin-mining operations alone. This sum also represents around 5% of all the Monero currently in circulation -- 15,962,350 XMR. Furthermore, during the past year, infected devices were responsible for 19,503,823.54 hashes/second, which is roughly 2% of the entire hashing power of the Monero network. The total hashrate of roughly 19MH/s would result in approximately $30,443 per day based on today's current exchange rates and network difficulty," researchers said. "Similarly, the top three hash-rates will mine approximately $2,737, $2,022 and $1,596 per day, respectively."
The bleeping computer!
You guys are taking the gold in mental gymnastics and backflips. I seem to remember how NK was the media darling in PyeonChang. But I understand how difficult it must be for you to now hate peace and wish for nuclear war.
Who would use such money?
Monero is one of the few cryptocurrencies out there that can still be mined reasonably well with the CPU instead of a GPU or an ASIC. That makes it a good profit center for malware authors, since almost any PC out there can mine it reasonably well.
If one uses the rule of thumb that the cost to hash for a cryptocurrency ought to be just below break-even with the reward then this is remarkable. I would assume these illegal miners are done without regard to such efficiency. If they are ten times less than an efficient miner then the cost in electricity would be $1 billion!!!. It's hard to beleive that much activity would go unnoticed. It's a bigger annual power bill than many countries.
Some drink at the fountain of knowledge. Others just gargle.
Lay off the vodak, Ivan. You're making a fool of yourself.
Just name one thing we got in exchange for our signed surrender to North Korea and abandonment of our South Korean allies' military preparedness.
There are plenty of periods where N Korea didn't test nukes where the American President didn't have a televised signing ceremony where he surrenders to small-time dictator.
I want peace, but so fare all I have seen is American surrender, blindsiding our allies in South Korea.
Donald Trump claims that Kim Jong Un and surrenders to North Korea while blidnsiding South Korea and blasting our ally Canada and you think I look foolish?
Here is a news flash for you, Ivan. Russia will not be admitted back into the G - 8 because only one world leader is a traitor.
If I divide that by 10 cents/KW-hour then: 1 Billion dollars/ 0.1 = 1E10 killowatt hours = 1E14 Watt-hours = 11 gigawatt-years
that's the entire output of 11 gigawatt class power plants.
Some drink at the fountain of knowledge. Others just gargle.
Go back to cash or bartering.
another way to look at this would be to suppose most people have a PC chugging along at 100 watts. so 11 giga-watt years would be 100 million PCs running full time for 1 year. I'd assume that these PCs can't possibly be running full time. they probably go to sleep. So if they are used only 6 hours per day then multiple that by 4.
I note that all along here i've assumed a 10 fold inefficiency in the covert miners. but even if you dropped that factor it's still a lot. Moreover this is only 5% of the Monero. to get all of it multiply the total by 20, so were back to about the same values (give or take factors of 2).
The loop hole here is that some of this was mined when the mining was cheap but were evaluating the total value at the current price. You can't actually sell all that currency at once and not have the price drop. So the pirates were probably selling it off all along not hording it. Which means they did not actually make the currently captitalized value of $100 million
Some drink at the fountain of knowledge. Others just gargle.
lol what?
This sounds like Donald Trump CRYING and getting butt-hurt that the Canadian President wasn't nice to him. Whahh. CRY SOME MORE, loser.
Unlike Donald Trump you can't surrender to North Korea to feed your ego.
You will never rise above the status of "treason-cuck" APK. Eunuchs like yourself are always "triggered" by reality.
Your host files are broken, just like your soul.
Boom. Fucking nailed it... br
Christians and Muslims DON'T Worship the Same God!
I have received quite a few letters recently from Muslims who are insistent that Islam and Christianity worship the same God. If fact, even George W. Bush, a professed "Christian," said the same thing to ABC news correspondent, Charles Gibson...
In an exclusive interview with ABC News' Charles Gibson, Bush said he believes that both Christians and Muslims worship the same God.
"I think we do. We have different routes of getting to the Almighty," Bush said. "But I want you to understand, I want your listeners to understand, I don't get to get decide who goes to heaven. The Almighty God decides who goes to heaven and I am on my personal walk," he said.
--ABC News, October 26, 2004
Do Muslims and Christians worship the SAME God? NO!!!!!!!!!!!!
Allah is a fictitious, fabricated, false god from the 9th century ... the moon god (which you will see later in this article). According to www.thetruereligion.org...
For various reasons, many people have come to believe that Muslims worship a different God than Christians and Jews. This is totally false, since "Allah" is simply the Arabic word for "God" - and there is only One God. Let there be no doubt - Muslims worship the God of Noah, Abraham, Moses, David and Jesus - peace be upon them all. -SOURCE
As proof that the above claim is a lie, we need only turn to the Koran itself, The Women, 4.171...
"...believe therefore in Allah and His apostles, and say not, Three. Desist, it is better for you; Allah is only one God; far be It from His glory that He should have a son, whatever is in the heavens and whatever is in the earth is His, and Allah is sufficient for a Protector."
Clearly, the Koran (written about 600 A.D.) DENIES the Son of God, Jesus Christ! The Koran teaches that God has no Son. In contrast, the Word of God, the Bible, declares in John 3:16...
"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life."
1st John 2:22 calls ALL Muslims "LIARS" because they deny that Jesus is the Christ...
"Who is a liar but he that denieth that Jesus is the Christ? He is antichrist, that denieth the Father and the Son."
According to the Word of God, you are a liar and an ANTI-Christ if you deny the Father AND THE SON. Clearly, the Koran and the Bible are completely INCOMPATIBLE. Islam is a big lie, totally contrary to the Word of God. The Koran is filled with demonic lies! There is no common ground, you either believe the Bible or the Koran. You MUST choose! George W. Bush is wrong. The above quote from www.thetruereligion.org is wrong! The Koran is wrong! Islam is a false religion!
Muslims Deny Jesus' Deity, Crucifixion, and Resurrection!
At www.islamworld.net, the following statement appears in large bold lettering at the top of the home page...
"THERE IS NO DEITY WORTHY OF WORSHIP EXCEPT ALLAH, AND MUHAMMAD IS HIS MESSENGER "
In contrast, the Word of God proclaims in Revelation 4:11...
"Thou art worthy, O Lord, to receive glory and honour and power: for thou hast created all things, and for t
... at some point in time? How much of the money in bank accounts or 10-USD-bills was payment for some illegal activity at some point in time?
Definitely all interesting questions, but like the article headline, the answers would not really tell us much about the nature or usability of the respective currency.
Oh please. Six months ago you were crying that the wargames would start WW3 and how we need to stop the warmongering and now that we've suspended an exercise you're still crying?
No, I was complaining that Donald Trump was threatening nuclear war on Twitter.
Now we see where the same petulant child proudly sign a surrender to Little Rocket Man, who hasn't given up a single rocket in exchange for decreased South Korean and American military preparedness.
I like to think there is a middle ground between belligerence and appeasement. Donald Trump signing a surrender document to Kim Jong Un in exchange for nothing is a historic mistake which further shakes our allies.
But yes, it is better than Trump threatening nuclear war like a toddler who just found a loaded gun.
On the other hand over 95% of US currency has been used to buy drugs or other illegal activities,
See subject (lol) & the viral hit by "The SoyBoyz": ''If you're going to TransManCisco? Be sure you wear your jimmyhats + bring Preparation H there. If you're going, to TransManCisco... You're going to meet a lot of transtesticle monsters and soyboy not men there. All across the nation: Surgical sawblade vibrations! Surgeons in motion, Sawing peckers + ball off tossing them into the SF Bay Ocean...'
* They're playing YOUR SONG again - hahahaha classic!
(Only way "your kind" would EVER get any notice &/or notoriety...)
APK
P.S.=> Quit projecting your own mental issues onto me as you cut & paste MY posts all over /. ... apk
POOR imitation of me = sincerest form of flattery (which only shows you are losers doing it, nothing more, with idle time on your hands (the devil's workshop)).
APK
P.S.=> What sort of a PUSSY does that? YOU DO, pussy impersonating me... apk
With some cyber efforts to mine now needing ASIC just to get started people are looking for new ways in with the CPU and GPU they have.
Something to start for the consumer who wants to mine that still is open and has room to grow.
No halls filled with ASIC, in a nation with "free" power due to their failed developing nation exchange rate and math that can only still be done for profit on ASIC.
Domestic spying is now "Benign Information Gathering"
Maybe this way people will be incentives to secure their machines. Overall this could reduce the number of bot nets.
Are (any) fiat-currency and (any) cryptocurrency really equivalent, as cryptocurrency fans claim?
For example, US Dollar and Bitcoin are really equals?
Value/validity/authorization of US dollar is provided/guaranteed by US Government (and in-turn whole US Public)!
Also, not to mention, US Dollars in any US Bank is insured by US Government!
What authorization/guarantee/insurance is behind Bitcoin? Nothing!
Sorry but that is the end of discussion then!
Why do you think Satoshi Nakamoto is really hiding his identity, if Bitcoin is really such a great innovation?
He is just someone does not like media/fan attention?
Or, could it be really because Bitcoin (and all cryptocurrencies followed it) are actually Ponzi Schemes?
(So he knew very well that law enforcement would come after him sooner or later?!)
If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
Because the price of Bitcoin proved to be extremely unstable to use as a currency?
Would the result be different, if Bitcoin replaced by any other "cryptocurrency"?
Aren't all work the same way?
If so-called cryptocurrencies are really money; isn't people issuing their own money, illegal already, in all countries?
If so then, why they are still not banned in all countries?
Or, they are not actually virtual currency but virtual investment?
But, if they are actually investment, why we need/want them?
What would happen to world economy, if people invested in virtual investments, instead of real investments?
Or, all so-called cryptocurrencies are actually just a modified (made decentralized and paying variable interest) Ponzi Schemes?
(Price of cryptocurrencies would keep increasing in the long term (by their design), so it is equivalent of paying variable interest to all long term investors.)
Also, since all so-called cryptocurrencies are actually financial scams (Ponzi Schemes), that means, they cannot be the solution for any of existing financial problems of our world!
As more and more people invest in cryptocurrencies, it will become harder and harder to ban their trading everywhere (because people invested in cryptocurrencies, would try to stop anyone trying to ban cryptocurrencies)!
All cryptocurrencies need to be banned globally before it is too late!
Gold used as payment for illegal activity? Probably not very much. Gold makes a poor currency, always has. When you consider 1 gram is worth around 50 bucks, and when you consider how small an amount of metal 1 gram of gold is, it's just too hard to work with.
No, silver makes much better currency.
Man, crooks make millions of dollars and I just want to be a Congressman and make poverty go away.
Support my political activism on Patreon.
Tether was used to artificially inflate bitcoin prices, according a study released Wednesday by the University of Texas.