Cryptocurrency

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Despite an increase bitcoin mineriai popularity over recent months amongst botnet operators, malware-powered Bitcoin mining brings little to no financial return, say experts. Security giant McAfee contends in its quarterly threat report PDF that commercial botnet controllers and malware packages have been adding cryptocurrency mining options to their list of services offered.

The mining tools - offered alongside botnet task options such as spam runs or distributed denial of service DDoS attacks - put infected machines to use mining Bitcoin. Unfortunately for the cybercrooks, however, it seems that a botnet-turned-mining rig doesn't actually make much money bitcoin mineriai real life.

McAfee found that the increasing difficulty of Bitcoin hashes, combined with the attrition rate from malware detections on infected machines, would make turning a profit from botnet mining nearly impossible. According to researcher estimates, a botnet controller attempting to mine Bitcoin with a 10, system network would initially see a net loss in operations and bitcoin mineriai increasing difficulty cycles productivity would plateau off without turning much of a profit.

That rate becomes even lower when mobile devices are added to the equation. Researchers note that with less powerful processors and limited battery life, mobile devices are ill-equipped to function as dedicated cryptocurrency mining tools, especially when this is done via covert malware infections.

Researchers conclude, therefore, that bitcoin mineriai kingpins are better off avoiding the Bitcoin mining game and sticking with other techniques. That would come as little relief, however, to owners of bitcoin mineriai machines who will see their system performance and battery bitcoin mineriai take a hit whether or not the miner turns a profit.

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Cryptominers hope you haven't bothered. Get on top of reliability with our best practices webinar El Reg's Serverless Computing London call for papers shuts tonight. Sony reports shortage of cute robot puppies! Artificial Intelligence Internet of Things Is your gadget using secondhand memory?

Predictable senility allows boffins to spot recycled NAND chips Waymo van prang, self-driving cars still suck, AI research jobs, and more Congratulations, we all survived Star Wars day! Now for some security headaches Silicon can now reconfigure itself with just a bitcoin mineriai of electricity.

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So what about stopping it with password-sharing? More from The Register. Junk food meets junk money: Lloyds Bank bans Bitcoin purchases by credit card customers B-b-b. Cops seek 4 for aggravated burglary in Midsomer Murders town Fintech bitcoin mineriai reportedly targeted. UK reaches peak Bitcoin as bin firm accepts cryptocurrency 'It's not a publicity stunt,' says BusinessWaste.

JavaScript fingered for poking cash-spilling holes in Bitcoin wallets If you've got an old money store, check it for hacked gaps. Bitcoin price soars amid technical troubles for exchanges Outages throw a wrench into profit taking. Whitepapers Ransomware is Increasing the Risks and Impact to Organizations Ransomware is gaining traction in bitcoin mineriai criminal community. To understand how Windows approaches managing permissions, this paper will provide some background on how permissions or privileges work.

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