CoinHive - Reading Assignment

Privacy Coins - Ultimate Course
#31

  1. a) Among the reasons behind the closure, the developers note the over 50 percent drop in hash rate following the last Monero (XMR) hard fork.
    b) The service was reportedly also hit by the cryptocurrency market drop off , with the value of XMR slumped over 85 percent within a year.

  2. Cryptojacking is an emerging form of malware that hides on your device and steals its computing resources in order to mine for valuable online currencies.

3.Coinhive

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#32

  1. a) a more than 50% drop in the Monero hash rate

    b) an 85% drop in XMR value

  2. It is the unauthorized takeover of a hosts computer in order to mine a cryptocurrency, often causing the computer to become unresponsive and to lose battery life.

  3. The top three most-wanted malware strains for 2018 were all forms of cryptojacking related to CoinHive.

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#33
  1. developers note the over 50 percent drop in hash rate following the last Monero hard fork. Value of XMR slumped over 85 percent by the cryptocurrency market drop off.
  2. Cryptojacking is an emerging form of malware that hides on your device and steals its computing resources in order to mine for valuable online currencies.
  3. Most wanted malware strains were all cryptojacking-related with Coinhive.
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#34
  1. What two factors caused CoinHive to become economically inviable?
  • the developers note the over 50 percent drop in hash rate following the last Monero (XMR) hard fork
  • hit by the cryptocurrency market drop off , with the value of XMR slumped over 85 percent within a year

  1. What is cryptojacking?
    Coinhive is a JavaScript-based digital currency mining service that banks on a computer code to be installed on websites. Once installed, the service uses some of the computing power of a browser that loads the site in question. Although Coinhive is not an inherently malicious code, it has become popular among hackers for cryptojacking.

  2. What was the #1 most-wanted malware for 2018?
    cryptojacking, the top three most wanted malware strains were all cryptojacking-related with Coinhive

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#35

1 - What two factors caused CoinHive to become economically inviable?

CoinHive became economically inviablenote due to the fact that the hash rate dropped over 50 percent, following the last Monero (XMR) hard fork.
Also, the service was reportedly also hit by the cryptocurrency market drop off , with the value of XMR slumped over 85 percent within a year.

2 - What is cryptojacking?

Cryptojacking is an attack performed on, an unsuspecting, victim’s computer/mobile phone secretly mine cryptocurrency, at the victim’s expense. The attacker does not invest in his own dedicated cryptomining systems.

3 - What was the #1 most-wanted malware for 2018?

Coinhive

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#36

  1. CoinHive became economically inviable due to the XMR hard fork and loss in the value of XMR by 85%.

  2. Cryptojacking is where software is installed onto a device without the owners knowledge and begins mining for cryptocurrancies.

  3. The number 1 most-wanted malware in 2018 was crypto-jacking malware related to CoinHive.

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#37
  1. What two factors caused CoinHive to become economically inviable?
  • A 50% drop in XMR hashrate, as well as a general cryptocurrency market drop off.
  1. What is cryptojacking?
  • Tricking people to run mining software on their PC.
  1. What was the #1 most-wanted malware for 2018?
  • Coinhive.
1 Like
#38

#1 - What two factors caused CoinHive to become economically inviable?
A price drop of 85% a year of XMR and the new POW-Algorithm for XMR

#2 - What is cryptojacking?
Using the CPU of webvisitors for mining

#3 - What was the #1 most-wanted malware for 2018?
Cryptojacking-related with Coinhiv

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#39
  1. CoinHive became not economically viable when the Monero hard for caused a drop in 50% of the hash rate and that the whole market tanked, causing a drop in price.
  2. Cryptojacking is hijacking someone’s browser javascript XMR mining code; stealing your victims CPU for your mining rewards.
  3. Cryptojacking with coinhive was most-wanted malware for 2018
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#40
  1. The over 50% drop in hash rate and the cryptocurrency market drop off, with the value of XMR slumped over 85 percent within a year.
  2. Cryptojacking is a type of malware that, once it enters your computer, steals the computing power to mine digital currencies.
  3. Coinhive (cryptojacking).
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#41

• 50% drop in hash rate following then last XMR hard fork, also hit by a market drop of 85% within a year. The decision as taken back in March 2019
• Cryptojacking is a malware used to mine crypto by intervening a device/program and taking resources to do so.
• The cryptomining malware from Coinhive, it impacted 12% of organization worldwide.

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#42

  1. What two factors caused CoinHive to become economically inviable?
    A drop in hash rate and a 85% drop of on the market.

  2. What is cryptojacking?
    A peace of software that can be hidden on a PC and be used mine crypto without authorization.

  3. What was the #1 most-wanted malware for 2018?
    Coinhive

2 Likes
#43

  1. The two factors which caused Coinhive to become economically unviable were a 50% drop in the hash rate following the last Monero hard fork and the widespread cryptocurrency market drop.

  2. Cryptojacking (also called malicious crypto-mining) is a scheme which uses people’s devices without their consent or knowledge, to secretly mine cyptocurrency.

  3. The No.1 most wanted malware for 2018 was Coinhive.

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#44
  1. one factor was The Cryptocurrency market drop off, with the value of XMR (Monero) slumped over 85% within a year, the other factor was the announced hard fork and algorithm update of the Monero Network on March 9, 2019.
  2. an attempt to mining crypto using website software in PC or Smartphone without the authorization of the device owner
  3. cryptojacking-related with Coinhive
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#45

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#46
  1. What two factors caused CoinHive to become economically inviable?

A 50% drop in the hash rate and the cryptocurrency market drop off ( with the value of XMR slumped over 85 percent within a year).

  1. What is cryptojacking?

It is a malicious attack in which rather than damaging the device, it is used to mine cryptos without authorization.

  1. What was the #1 most-wanted malware for 2018?

Coinhive

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#47
  1. The value of XMR had dumped over 85 percent within the previous 12 months. Combined with the announced hard fork and algorithm update of the Monero network on March 9, the Coinhive team agreed to shut down operations.
  2. Cryptojacking is a malicious attack on computers, smart phones and other devices connected to the internet. Very often Coinhive code was involved to extort computing power of the infected device for mining of XMR.
  3. Coinhive.
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#48
  1. The hard fork and the drop in the price of XMR
  2. When an app uses some of computing power to mine crypto for others.
  3. Crypto jacking malware
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#49

1. What two factors caused CoinHive to become economically inviable?
The Monero hard fork which resulted in a 50% drop in hash rate, as well as the cryptocurrency market drop-off

2. What is cryptojacking?
Mining crypto on someone’s computer or mobile without them knowing that you are using their computing power

3. What was the #1 most-wanted malware for 2018?
Cryptojacking with Coinhive

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#50

  1. The two factors that caused CoinHive to become economically enviable were a 50% drop in hash rate after a monero hard fork and the monero price dropping 85% after the big 2017 bull run.

  2. Cryptojacking is a malware. It runs a miner software on some unsuspecting victims device such as pc, laptop,tablet, cell phone etc. Once installed, the service uses some of the computing power of a browser that loads the site in question.

  3. The #1 most wanted malware of 2018 was cryptojacking through CoinHive which overtook ransomware for the number one spot.

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