CoinHive - Reading Assignment

Privacy Coins - Ultimate Course
#142
  1. The fall in crypto markets by more than 85% and the drop in hash rate after the monero last hard fork
  2. A hack involving the hacker to install the coin hive code in cpu of people without them knowing
  3. The cryptojacking with coinhive code
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#143
  1. What two factors caused CoinHive to become economically inviable?

A 50% drop in hash rate after a Monero hard fork and a 85% drop in value.

  1. What is cryptojacking?

A malicious code that uses a computer resources to mine XMR.

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

Cryptojacking software using Coinhive.

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#144

1.) Hash rate dropped by 50% after Monero Hard Fork
The Cryptocurrency market dropped of
2.) Using the computing power of a browser to mine Cryptocurrencies
3.) Cryptojacking through Coinhive

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#145

  1. An >50% drop in hashrate following a hard fork in Monero, and a >85% drop in the fiat value of Monero due to market conditions.

  2. The hijacking of a computer for the purpose of mining cryptocurrencies.

  3. Coinhive.

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#146

  1. 1st - over 50 percent drop in hash rate following the last Monero [XMR] hard fork.
    2nd - the cryptocurrency market drop off , with the value of XMR slumped over 85 percent within a year.

  2. Cryptojacking - is a type of cybercrime where a criminal secretly uses a victim’s computing power to generate cryptocurrency

  3. Cryptojacking-related with Coinhive

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#147
  1. What two factors caused CoinHive to become economically inviable?
    over 50 percent drop in hash rate following the last Monero (XMR) hard fork
    cryptocurrency market drop off, value of XMR dropped 85%
  2. What is cryptojacking?
    “Cryptojacking” is an industry term for stealth crypto-mining attacks that work by installing malware that uses a computer’s processing power to mine cryptocurrencies — frequently Monero (XMR) — without the user’s consent or knowledge.
  3. What was the #1 most-wanted malware for 2018?
    most wanted malware strains were all cryptojacking-related with Coinhive
    (endpoint cryptomining malware known as the XMRig variant).
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#148

  1. The first factor was the Monero hard fork that caused over 50% drop in hash rate; the second factor was the market value of Monero dropped over 85% within a year.

  2. It is the hacking of the victim’s computing power to mine cryptocurrency.

  3. The #1 most-wanted malware for 2018 was cryptojacking-related with Coinhive.

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#149

What two factors caused CoinHive to become economically inviable?

  • Market drop off
  • Hard fork and algorithm update of the Monero Network

What is cryptojacking?

Cryptojacking malware is malware that infects computers to use them to mine cryptocurrencies usually without users knowledge. (Wikipedia)

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

Cryptojacking-related with Coinhive

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#150

  1. a. the over 50 percent drop in hash rate following the last Monero hard fork.
    b. the cryptocurrency market drop off, with the value of XMR slumped over 85 percent within a year.

  2. Cryptojacking is a type of cybercrime where a criminal secretly uses a victim’s computing power to generate cryptocurrency.

  3. Coinhive

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#151

  1. Coinhive became economically inviable due to the 85% drop in price of monero & Hardfork

  2. Cryptojacking is using a computers resources for your own benefit without the user knowing.

  3. Coinhive

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#152
  1. the overall decline of the crypto market and a reduction in hashing power after an XMR Hard Fork
    2)Its a form of malware that is used to to hijack the computing power of computers and tablets to mine XMR.
    3)Coinhive
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#153
    • 50% drop in hash rate following a Monero hard fork
    • market drop off

  2. Cryptojacking is a type of cybercrime where a criminal secretly uses a victim’s computing power to generate cryptocurrency.

  3. Cryptojacking related with CoinHive

1 Like
#154

1. What two factors caused CoinHive to become economically inviable?
The cryptocurrency drop off which brought the value of XMR more than 85% down within a year and the 50% drop in hash rate following the Monero (XMR) hard fork and algorithm update of the Monero network.

2. What is cryptojacking?
The act of hijacking a computer to mine cryptocurrencies against the users will, through websites, or while the user is unaware.

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

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#155

1.) The two factors that caused cryptocurrency mining service CoinHive to become economically inviable were the 50% drop in XMR hash rate following its last hard fork and a cryptocurrency market capitulation (value of XMR coin crashed 85% in that year).
2.) Cryptojacking is an unauthorized and malicious mining software that became the biggest cybersecurity threat in 2018. It can be enclosed within apps and targets both PC and mobile phone users.
3.) The #1 most-wanted malware for 2018 was the cryptojacking strain of the CoinHive mining software.

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#156

  1. What two factors caused CoinHive to become economically inviable ? : The Hardfork of Monero and the Cryptocurrency Market Drop-Off

  2. What is cryptojacking ? : Coinhive is not an inherently malicious code, it has become popular among hackers for cryptojacking, it is a surreptitious XMR coin mining code (unauthorized mining software).

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

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#157

:one: What two factors caused CoinHive to become economically inviable?

The significant drawdown of crypto prices (XMR in particular), as well as the 50% drop in hash rate of the Monero blockchain after the hark fork.

:two: What is cryptojacking?

Cryptojacking is where a developer of a program intentionally uses a users computing power (usually unknowingly) to mine cryptocurrency for their benefit.
These programs are sometimes hidden within the code of a program or website.

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

The Israeli cybersecurity firm Check Point announced that cryptojacking malware was the most wanted from the end of 2017 - through 2018.

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#158

  1. -the value of XMR slumped over 85 percent that year
    -50 percent drop in hash rate following the last Monero (XMR) hard fork.

  2. Cryptojacking = hijacking a computer to use the CPU for mining cryptocurrencies against users will

  3. Cryptojacking related to Coinhive

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#159

  1. CoinHive was a JavaScript library that allowed website owners to use the processing power of their visitors’ computers to mine cryptocurrency. CoinHive became economically inviable due to two main factors: the decrease in the value of the cryptocurrency it mined (Monero), and the increasing use of ad blockers, which prevented CoinHive from being able to run on many users’ computers.

  2. Cryptojacking is the unauthorized use of someone’s computer to mine cryptocurrency. This can be done by installing malware on the victim’s computer that uses the victim’s processing power to mine cryptocurrency, or by using a JavaScript library like CoinHive to mine cryptocurrency on the victim’s computer without their knowledge.

  3. CoinMiner, a type of malware that is used to mine cryptocurrency on infected computers. CoinMiner was followed by Backdoor.Mokes, a type of malware that is used to gain unauthorized access to a victim’s computer, and Exploit.JS.Pdfka, a type of malware that is used to exploit vulnerabilities in PDF readers to install other types of malware on the victim’s computer.

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#160

  1. 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 hard fork and the cryptocurrency market drop off with the value of XMR slumped over 85 percent within a year.

  2. What is cryptojacking?
    Cryptojacking is a cybercrime in which another party’s computing resources are hijacked to mine cryptocurrency. Cryptojacking, which is also referred to as malicious cryptomining, lets hackers mine cryptocurrency without paying for electricity, hardware and other mining resources.

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

1 Like
#161

What two factors caused CoinHive to become economically inviable?

Coinhive became economically inviable due to a 50% drop in hashrate following the Monero hardfork. The service was also affected by the market drop off which dropped the XMR value over 85%.

What is cryptojacking?

Cryptojacking is using some of the computing power of a browser by cybercriminals to mine cryptocurrency.

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

Coinhive was the most-wanted malware strain in 2018 for 13 consecutive months.