CoinHive - Reading Assignment

1.)
-The over 50 percent drop in hash rate following the last Monero (XMR) hard fork.

-The service was reportedly also hit by the cryptocurrency market drop off,
with the value of XMR slumped over 85 percent within a year

-Coinhive is not an inherently malicious code, but it has become popular among hackers for cryptojacking.

2.)
Cryptojacking is a growing online threat that hides on a computer or mobile device and uses its resources to mine for cryptocurrency.

3.)
Coinhive

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  1. drop in the hash rate of 50 %. 80% market drop off of XMR.
  2. malicious attack to mine cryptos without authorization of users
  3. Coinhive
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  1. Coinhive became economically inviable because of an over 50 percent drop in hash rate following a Monero hard fork, and also a cryptocurrency market drop off with the value of XMR slumped over 50 percent within a year

  2. Cryptojacking is malware running unauthorised mining

  3. Coinhive was the #1 most-wanted malware

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1.) What two factors caused CoinHive to become economically inviable?
The developers noted the over 50 percent drop in hash rate following the last Monero hard fork. The service was reportedly also hit by the cryptocurrency market drop off.

2.) What is Cryptojacking?
Cryptojacking is a form of malware that hides on your device and steals its computing resources in order to mine for valuable crypto currencies.

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

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1 Due to a over 50% drop in hash rate following the preceding Monero [XMR] hard fork and the juicy dump of the XMR value.
(Will XMR come back to $500 in the near future? 13Mar2020 $32.5, 24Nov20020 $133.52)


2 The process of installing mining software on someone else computer.
3 CoinHive: Crypto enemy number one?

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No one knows! :man_shrugging:

I had a website with Coinhive script that I opened (and left it) on every public computer I could get my hands on. It was quite fun while it lasted :grin:

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  1. A drop in the hash rate and a drop in the crypto market.
  2. Mining with your device resources without your knowledge or permission.
  3. Crypto jacking related.
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  1. A 50% drop in the hash rate and the cryptocurrency market drop off.
  2. It is a malicious attack in which rather than damaging the device, it is used to mine cryptos without authorization.
  3. Coinhive
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  1. What two factors caused CoinHive to become economically inviable?
    A) There was a 50% drop in hash rate following the Monero hard fork and 85% drop in the Crypto Market.

  2. What is cryptojacking?
    A) installation of malicious software. the malware hides in a device and steals computing resources to mine for crypto currencies.

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

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1.- 50% drop off in half rate following the las XMR hard fork; and the 85% drop off in the crypto market.

2.- It is a malicious attack that uses your computer power to mine cryptos without your permission.

3.- Cryptojacking related to CoinHive, as a report from cyber security in 2018.

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1.- The cryptocurrency market drop off , with the value of XMR slumped over 85 percent within a year and the big drop in hash rate following the last Monero (XMR) hard fork.
2.-It is a threat that hides itself on a computer or mobile device, and uses the machine’s resources to “mine” various forms of cryptocurrencies
3.-Coinhive

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  1. The over 50 percent drop in hash rate following the last Monero (XMR) hard fork and 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 the unauthorized use of someone else’s computer to mine cryptocurrency.

  3. Coinhive

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Drop in hash and a hard fork.

It is using another computing power to clandestinely mine cryptocurrencies.

CoinHive.

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  1. Moneros 85% price drop and 50% drop in hash rate after hard fork
  2. Crypojacking is a cyber-parasite. malicious use of a person or persons’ computing power to mine cryptocurrencies without consent. Often the victim has no idea their device is being used.
  3. Coinhive
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What two factors caused CoinHive to become economically inviable?

Among the reasons behind the closure, the developers note the over 50 percent drop in hash rate following the last Monero (XMR) hard fork.

The service was reportedly also hit by the cryptocurrency market drop off , with the value of XMR slumped over 85 percent within a year. “This and the announced hard fork and algorithm update of the Monero network on March 9 has lead us to the conclusion that we need to discontinue Coinhive,”

What is cryptojacking?

Cryptojacking is malicious cryptomining that happens when cybercriminals hack into both business and personal computers, laptops, and mobile devices to install software. This software uses the computer’s power and resources to mine for cryptocurrencies or steal cryptocurrency wallets owned by unsuspecting victims

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

Coinhive

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  1. reduced hashrate due to a hard-fork and the dropping price of Monero
  2. cryptojacking is when someone is using your computer to mine cryptocurrencies (mostly Monero) without you knowing about it. this can be achieved by malware or by you visiting a website who’s creator is using your computer power while you are on the site.
  3. CoinHive
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  1. What two factors caused CoinHive to become economically inviable?
    Hard fork Monero lead to 50% drop in hash rate.
    Decline of XMR price (85% drop)

  2. What is cryptojacking?
    A form of malware that runs some miner, crippling the resources of your machine to produce some valuable coin to unknown 3rd parties, without your consent.

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

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

50 percent drop in hash rate following the Monero (XMR) hard fork and the cryptocurrency market drop off, with the value of XMR decreased over 85 percent within a year.

  1. What is cryptojacking?

Cryptojacking is using computing power of unknowing internet user for mining cryptocurrencies which are accumulated on cryptojacker’s owned addresses. This process is usually facilitated via browser-based malware app.

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

In 2018 top three most wanted malware strains were all cryptojacking-related with Coinhive.

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

The 50% drop in hash rate due to Monero hard fork and Monero’s value going down by over 85% within a year led to this.

2. What is cryptojacking?

It is when a person or a group of individuals take over a third-party’s computing power to mine cryptocurrencies without their consent for personal gain. Usually this is done via some program code implemented behind an application.

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

cryptojacking related with Coinhive

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  1. The fork of the code that is it based on as well as the downfall of the value of its core crypto (in this case the XLM value)

  2. malicious cryptomining (in generalities)

  3. Coinhive

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