5% Monero Mined via Malware!

This article was published on: 06/14/18 8:10 PM

Marcin IwańskiWritten by | blockchain, mining, news

5% Monero Mined via Malware!

A part of Monero in circulation was mined via malware, according to Palo Alto Networks research, 5 percent of XRM was mined via cryptojacking.

Cryptojacking is a “mining method” in which someone is using other person CPU to mine cryptocurrencies, most of the times the user does not even know about the whole process.

The data was collected by Josh Grunzweig; he collected over 470,000 unique samples  about cryptojacking miners who have been identified within the Palo Alto Network WildFire platform. The dataset does not include JavaScript, or web-based, malicious mining activities which means, that calculations which say, that 5% of circulating XRM was mined maliciously, is probably much lower than the real value.

As we can find in the report, member of Unit 42 collected,

  • 629,126 Samples
  • 3,773 Emails used to connect with mining pools
  • 2,995 mining pool URLs
  • 2,341 Monero (XMR) wallets
  • 981 Bitcoin (BTC) wallets
  • 131 Electroneum (ETN) wallets
  • 44 Ethereum (ETH) wallets
  • 28 Litecoin (LTC) wallets

Because of the way Monero blockchain is designed, “it is impossible to query the Monero blockchain to extract a single wallet’s current balance without the owner’s password,” and thanks to that, it is extremely used by “hijackers” to mine it maliciously.

The trading market cap of Monero is around $1.9 bln, and $175mln was mined via malware, which is about 5 percent of total current mined XRM. According to the “The Rise of the Cryptocurrency Miners” report, the total Monero hashrate is “roughly 19MH/s,” and that would result in “approximately $30,443 per day based on today’s current exchange rates and network difficulty.”  The report states that the top three hashrate sources mine around $2,737, $2,022 and $1,596 each day.

You can find a lot of YouTube guides how to install “hidden miners” like:

We share that video with you, to let you see how does it work, so you would know what to look for on your PC. Remember to scan your computer, and keep your cryptos in safe wallets!

Tell us what do you think, here in the comment section, or via Facebook.

 

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Last modified: June 14, 2018

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